As a signal provider, you can monitor all your followers including their allocated fund to your strategy, currencies they are following from your strategy and the contract size they have set and many more.
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New features
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We would like to inform you of the following changes, updates and new features
- New bridge installer and bridge update: We have created a new bridge installer which will simplify the process of adding the FxStat Bridge to your accounts. The installer will automatically locate your metatrader platform and allow you to select the platforms you wish to install the bridge on and complete the installation process for all platforms in one step.
Note:
As we have released a new bridge, please make sure to restart your meta trader and update your bridge to the latest version.
- Update button in Autotrade platform: We have added an update button in the Autotrade platform on the positions window which will allow you to ensure all trades are synchronized between the MT4 and Web platform.
- Signal providers order number: you will now be able to view the signal provider’s order number in your Autotrade platform as well as the traders performance page. This will allow you to easily identify all trades with your signal provider.
- Pending orders: Pending orders will no longer be opened on the autotrading platform. When a pending order of the signal provider reaches the market price, a market order for execution will directly be sent. This will speed up the process on your Autotrade account and trade execution will be even faster than before.
- Commissions: We have added a commission column in the closed and open trades section. This will help traders using STP or ECN brokers.
- Trades statistics
Statistics tab allow you to follow the revenue trend rom your signal providers and compare signal providers performance on your account.
Analyse tab will allow you to filter your comparison based on currencies, signal providers and currencies traded by signal providers.
- Reverse trade: Reverse Trade might be risky for your investment. If you enable this feature, when signal provider goes long, your account will open a short position instead.
Note:
Users that see an inactive position with grey P&L in Autotrade platform which is been effected after the release.
Direct connected account, you only need to disconnect the account from Autotrade page by pressing logout button.
Then press login button. Fill the detail on connect account popup and press connect.
Please keep tuned as we are working on some new and exciting features.
FxStat ISO 9001 certificate
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We are glad to announce that FxStat got the ISO 9001 certificate for its Middle East branch.
Setting per strategy
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We are pleased to announce our latest release for the FxStat tradebook and FxStat managedbook platform namely “setting per strategy”.
You will now be able to assign different setting parameters when adding a new strategy or change existing strategies using the setting icon next to each strategy.
In addition, we have added further beneficial features including auto minimum capital requirement, stop loss and take profit, slippage management control and stop out and block control each of which can be modified separately. These features will allow you to control your account more effectively.
Min capital requirement
System automatically calculates the minimum capital requirement needed to follow the specific signal provider based on their past performance. The numbers dynamically change depending on the lot size of the signal follower.
Allocate fund (money) from your trading balance
allocate fund from your trading balance and allow traders to only trade on that allocated money.
Available amount
Available (un-allocated) money from traders capital (balance)
Stop out and block
The trade follower can set a maximum risk for each provider based on the capital allocated to them. If the signal provider loses the set percentage of capital, all positions following that provider will close and the provider will be blocked from sending any further signals.
Strategy
Signal followers can set maximum open positions or orders they want to receive from signal providers. This allows them to manage their open positions and avoid taking high risks.
Price difference
Slippage management control allows the follower to specify the maximum pip tolerance between their trades and compare them to the opening price from their signal providers.
Risk management
Signal follower can set their stop and limit or leave it blank to follow the stop and limit of the signal provider.
Lot management
Signal follower can follow trades based on a fixed lot or through creating a ratio between allocated money and signal providers balance.
FXStat HeadsUp: Launch of New Automatic Trading Service (ManagedBook)
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We are extremely happy that we can finally announce what we’ve been losing sleep over during the last period. FXStat newest service will soon become available to all our users.
Managedbook.
Managedbook is an innovative service that will allow you to create your own currency portfolio by following as many Market Leaders as you want and choosing the exact currency pairs you want to invest in. The system works by Market Leaders providing signals once they buy or sell a currency, signals that are immediately and automatically executed into their followers’ account (similar to FxStat Tradebook).
As an investor (trade follower) you will pay a success fee related exclusively to your profit and, one of the best things, in case you don’t make any profit out of this investment, you will not pay any success fee. The success fee is set at 20% of the net profits generated by the trades of each Market Leader in the trade followers’ account (portfolio) and represents the single fee charged by FXStat for this service. Also, any loss accrued by market leaders will be carried forward. Market leader will not get paid any success fee unless they have covered the losses (success fee is based on High Watermark).
Advanced Bookkeeping feature will allow investors (trade followers) to measure their progress in real time and closely monitor the open and closed P&L made by each Market Leader, as well as the P&L of every closed trade in your closed trade section and monthly breakdown of each market leader trades.
Market Leaders are able to increase their monthly revenues without any extra-effort! They will receive success fee based on the profit is been generated by their trades in their followers accounts.
If you have a strong strategy, a real account and a profitable performance, why not become a market leader and offer your strategies to FxStat members and brokers’ client andreceive success fee revenue from your followers profit.
A new dashboard design for FxStat
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An easier way to navigate, find and contribute information on FxStat
FXStat proudly announces its new Dashboard, a tool especially designed to suit our users’ need and to improve forex trading. We know the importance of time in our daily activities and we also know that time can make a huge difference when it comes to Forex trading. That’s why we set up a new front page, the dashboard, where you can easefully find all the information that you need to access when opening your FXStat profile.
We began the redesign effort several months ago by analyzing how people use FxStat website. We looked at what features traders use the most on the site. Armed with this information we began doing design explorations of how to better organize FxStat features, and make them more convenient to use.
The new dashboard maintains all the features FXStat had in its previous version, rearranged so as to ease up your access to the information you need, while adding a very important tool: Activity Stream. The Activity Stream section allows you to post news, short comments, updates and to follow the activity of other FXStat members You can also share your content directly to your twitter feed or facebook wall while you are sharing information in FxStat activity stream.
The Activity Stream represents a flow of real-time information that you can use not only to catch up with your FXStat connections activity, but also to receive trading tips or news that influence the market.
We went through numerous iterations until we arrived at a design we felt worked the best. One of the key features of the new design is that it allows much more space for page content , trades, news and information about you and other traders.
The fresh new look will keep all of the previous Dashboard features, as the Economic Calendar, your Connections and your Accounts sections. At the same time, you will find a menu where you can customize the section you are interest in: Economic Calendar, Latest News and Networks trades.
We are now doing limited testing of the new design. We are still iterating and would love to hear your feedback! Please consider this blog post one of the many ways to let us know what you think.
FxStat Users Can Now Send Invitations
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FxStat Users Can Now Send Invitations
FxStat launched today its send invitations option that members can use to invite their own connections create an account.
The invitations can be sent via email, messenger or using the social networks. By entering the username and password, FxStat will automatically access their list of contacts and send them an invitation.
FxStat currently accepts 19 webmail services (Gmail, Yahoo Mail, HotMail, AOL and many others), messenger service like Yahoo Messenger , and 36 social networks and sharing websites (Facebook, MySpace, LinkedIn, Orkut, Google Buzz, Del.icio.us, Twitter, Bebo etc). Alternatively, users can upload their contacts from Outlook, Outlook Express and Thunderbird, directly upload a list of contacts exported from their email or the one they created in a text file.
The Send Invitations buttons that direct users to the Invitations page is found in the Performance, Connections and Settings> Affiliate sections. Users who will register on FxStat following an invitation will automatically be added their FxStat connections list.
Members can use the invitation option not only to expand their list of contacts, but also to promote their trading skills, especially important in the case of signal providers. If they send the invitation from Performance page, their contacts will automatically receive a link to the user’s own performance page, and not FxStat homepage.
If a member sends the invitation and attracts a new FxStat user who will start using FxStat Autotrade feature, he will receive a 10% commission from the volume traded in his connection’s account.
FxStat Launches Performance Comparison Option
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• FxStat creates new page to compare traders’ performances
• Members can save unlimited groups of up to 6 compared performances • Performance Comparison helps members improve trading or find signal providers
FxStat, the first social statistic provider offering alternative automatic real-time trading options, launched a new feature to help traders analyze other investors’ performances and find their signal providers. The members can use the new Performance Comparison page to compare up to six different trading accounts and tracked accounts side by side. The new page displays on the same page features of different accounts like:
- balance, equity and deposit in the Account Summary section, or growth, pips, average trade duration, average cash or profit factor in the Money Management section.
- Interactive graphics compare profit & loss, daily average return, growth percentages and number of trades or winning and losing trades.
- The risk management section added to this list of tools helps create a throughout comparison providing information regarding drawdown,
- correlation with S&P500 and FTSE100 or expected payoff.
Users can also create and save unlimited numbers of groups with different compared performances. The group comparison link can be shared with anyone they want to on the Internet. The new page helps FxStat users not only see what type of strategies lead to a better performance and take advantage of other traders’ tricks and knowledge to increase their profit, but also to have a clearer view over signal providers and choose the one that matches their own criteria.
Signal providers are carefully chosen traders with real and verified accounts, whose trades are automatically executed in their followers’ accounts. Signal followers, who have the freedom to choose any provider at any point and stop following them whenever they decide to, use a broad range of tools that help them keep control over their account and minimize risk.
| To start comparing performances, you need to add other traders performances to your watchlist and then start comparing your accounts or watched accounts side by side.
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FxStat Rewards Its Active Forum Users
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FxStat Rewards Its Active Forum Users
- FxStat launches a new campaign to encourage users’ interaction
- Each post on FxStat forum will be rewarded with 10 cents
- Bonuses can be used for Autotrading or withdrawn
FxStat, the first social statistic provider offering alternative automatic real-time trading features, launches today a new campaign to encourage interaction between traders, investors and all the people interested in the foreign exchange market. FxStat will reward any user who publishes a comment in any section of the forum with 10 cents per post.
The bonuses will be offered over the next three months in an effort to help FxStat members generate additional revenue and improve their trading technique, but also to bring new ideas and suggestions for the platform’s features and options.
“The campaign is not targeting only expert traders, who can boost their image while making some extra money that can be used for Autotrading. Novices are sometimes afraid to enter the foreign exchange market. We want to change this misconception and to allow them to interact and learn more about trading”, said Dana Kalif, FxStat Marketing Manager.
All FxStat members that become active on the forum can use the money they raised to access the Autotrade facility. The service allows them to start following signal providers, who automatically execute trades in their account according to the user’s own options. Alternatively, users can withdraw the bonus.
Take advantage of the forum to rate brokers, review or ask more information about EA’s and free forex trading systems or to comment over the latest events in the financial world. You can discuss other users’ performances, reveal new strategies and techniques and offer suggestions to FxStat on how to improve its platform.
We believe that at the base of any success lies communication and debate, and the Forex market makes no exception. Take advantage of the offer – contribute to your own success!
FX Stat is the first independent social statistics provider that allows traders to execute trades in their accounts in real time having followed the signals of fellow traders. FXStat products and services are compatible with the MetaTrader 4 platform.
