What is Duplitrade?
DupliTrade is a system trading (automatic trading) platform provider that is dedicated to the role of connecting the automatic trading function to MT4 provided by DupliTrade.
DupliTrade is a platform provider that enables selective automated trading to discover, hire and connect to your MT4 accounts with outstanding traders and skilled advisor (EA) developers from around the world.
Based on Duplitrade’s internal policy and the Financial Instruments and Exchange Act, DupliTrade only provides MT4 with trading signals derived from algorithmized expert advisors (EA).
To get an idea of how DupliTrade connects to and works with your MT4, you may try DupliTrade’s free demo first.
At this stage, it is okay if you have not opened an MT4 account (real account) yet.
And if you are satisfied, you can upgrade to a live account (at that stage, MT4 real account is required).
With the MT4 account that receives trading signals from DupliTrade, discretionary trading based on the customer’s own judgment is possible, and manual settlement of open positions by automatic trading derived from DupliTrade is also possible.
That is, manual trading does not affect automated trading.
How to use Dplitrade’s System Trading Service?
Trading signals from Expert Advisors (EA) delivered by Duplitrade will not be received in the demo account.
The demo environment provided by Duplitrade is a tool that allows you to imagine trading without being involved in MT4 account (whether demo or real).
Here, we recommend that you first experience how system trading (FX automatic trading) works and then upgrade to a real environment.
There are no fees to be paid directly to Duplitrade, including setup fees and monthly fees.
However, Duplitrade which is also an investment advisor and agent, can receive a part of the spread income generated in Forex trading or an investment advisory fee separately contracted from the customer.
On the other hand, Duplitrade receives platform usage fees and expert advisor usage fees, but these are only monthly software usage fees and do not receive investment advisory fees.
You can register for a free demo account for 30 days.
What is EA (Expert Adviser)?
Expert Advisor (EA) is software that enables automatic trading written in the programming language adopted by MT4.
In many cases, it is a program that outputs buy/sell signs based on a chart analysis tool (custom indicator).
This software can be installed in MT4 by each MT4 user, but DupliTrade only offers excellent programs selected from all over the world to make automated trading simpler.
For use and risk diversification in the investment portfolio, EA selection and trading volume allocation can be done on the DupliTrade platform, resulting in the MT4 account receiving buy and sell signals and monitoring trading results at the MT4 terminal.
Duplitrade has created an epoch-making mechanism of only.
Although it is called Expert Advisor in the term of MetaQuarts Software, the MT4 provider, it is not really a real human being, but the automated trading program itself.
Recently, Meta Quartz Software has been changing the name to trading robot.
It is said that there are innumerable EA and its developers in the world, but it is considered that only a few are stable and profitable.
Duplitrade is working to become a great curator who discovers and delivers the very limited EA.
What Duplitrade offers is different from system trading, which asks you to line up hundreds, thousands, and tens of thousands of EA’s and then select them on your own.
Even if your transaction is stable and performs well, we still have to let an expert advisor (EA) review whether it can be an algorithm suitable for programming.
Another method is to register as an investment analyst, a domestic Forex company that is also an investment advisor and agent.
In either case, the strict examination is required as an investment advisor/agent, so please understand.
What is automatic trading (system trading)?
Automatic trading (also known as system trading, Argo trading, etc.) is an investment strategy that allows traders (investors) to place orders automatically.
Buy and sell orders are fully automated by setting some prerequisites in advance based on market fluctuations and technical indicators.
This method can be applied to any investment strategy.
Arbitrage, market making, prop trading, scalping and more.
Not only can it help you make investment decisions, but you can also let the system itself do all the order execution (autopilot).
The scope of application extends to foreign exchange, stocks, other futures and options.
Thanks to automated trading (system trading), traders (investors) can eliminate emotions and also free themselves from cumbersome tasks.
This allows you to focus your time and ability on improving the investment strategy itself, the rules of money management.
Automatic Trading VS Discretionary Trading
Automatic trading and discretionary trading, which is better?
Some say that automated trading has its share in that it is a trading model that has been verified by experienced traders.
On the other hand, some people attach great importance to the significance of the existence of a living human being, a trader who has an “intuition” about the market.
Certainly, you need to be aware of the strengths and weaknesses of each before deciding which trading mode to adopt.
Touching discretionary trading may be an unavoidable rite of passage for beginners to learn about the market.
In discretionary trading, traders can open and close positions whenever they choose.
Deposit margin, select currency pairs to trade, assess market trends and set return levels.
After specifying the stop order value (number of PIPS, etc.) and profit earning PIPS, place an order.
Discretionary trading traders should think about this procedure, take action in light of it, and take immediate action, such as when prices soar immediately after the release of favorable economic indicators.
That said, successful trading requires discipline and good money management skills.
In this regard, automated trading is a very convenient and cool method, especially for beginner traders, to ensure that psychological weaknesses do not adversely affect trading.
You can use proven and proven strategies to help ensure the success of your trades.
Even experienced traders are adopting automatic trading to make trading more efficient.
As mentioned earlier, the most notable advantage of automated trading is that traders are freed from time constraints.
If the market changes when the trader is at a disadvantage, the automated trading system will execute the previously specified buy and sell orders.
In addition, automated trading prevents the fear and desire to influence trader decision making.
Emotions are the most annoying factor affecting profitability.
Fear and desire are often the results of premature profit-taking and too slow loss cuts.
Why you should use Duplitrade?
It is said that there are countless Forex traders and automated trading software developers in the world, both domestically and internationally.
Unfortunately, however, it is said that a small number of traders are making stable profits.
Even more, unfortunately, even in the world of system trading (FX automatic trading), which should be one of FinTech’s most important fields of connecting real money for investment and investment technology, traders and automatic trading can not produce results There is also a history that software was used a lot and could not contribute to the asset formation of investors at all.
DupliTrade is a departure from the SNS-like system trading platform, where you can list as many buy and sell signals as you want.
This is because Duplitrade recognizes that there is no added value in the style of arranging traders and automatic trading software side by side, and then letting investors choose their own.
DupliTrade finds and hires only a limited number of talented traders or automated trading software developers from all over the world.
This is what Duplitrade calls curation what they are of great significance.
In DupliTrade, Forex trading itself relies entirely on the features of MT4.
Duplitrade has realized an epoch-making user-friendly system of Forex trading by moving away from the common sense of “having our own Forex trading platform” which was common to conventional Forex trading.
First of all, please experience the free demo environment.
Last but not least is the risk distribution management system unique to DupliTrade.
You can easily allocate a given margin and desired trading volume to your preferred skilled advisor (EA).
And the results can be monitored in real-time on both this platform and MT4.
Please experience the new era FX system trading with different human and lid hydrangeas.
Here are 10 major merits to utilize automatic trading (system trading) in Forex trading with Duplitrade.
- In the extreme, traders do not need to learn about Forex markets, trading methods or systems, they can rely on validated strategies for automated systems.
- No need for study time or break time. Traders can enjoy trading from the moment they adopt automated trading.
- You can remove emotions and “guess” from your transactions.
- You can use the selected professional strategy (depending on how you use it, you can have an expert help you manage your funds).
- Traders can participate in the market even if they do not have time to study the market in detail.
- Time trading is possible. Automated systems are constantly looking for opportunities in the market.
- There are advanced risk management options. Traders can actually build their own hedge funds by choosing the set of trading signals they like and the number of lots assigned to them.
- All you need to do is select a preferred trading system.
- Whether you make your own or prolific, once you have developed a useful system, you just have to find it. There is a wide selection of automated trading systems to choose from. At any given time, thousands of traders and programmers are working around the world to create newer, better systems.
- The free time allows traders to focus on improving their strategies and money management rules.
Common mistakes in Forex trading
It is said that about 90% of traders are losing in the world as a whole.
As far as FX is concerned, this number is said to approach 95%.
Why do traders lose? The most deadly mistake for traders to lose money is: “Lack of proper trading plan” Surprisingly, many Forex traders do not have a trading plan at the time of trading.
Create an appropriate plan with well-defined trading goals.
Use the appropriate tools to set each entry / exit point and set the framework for the stop order.
This prevents emotional inference and “guessing” from interfering with the transaction.
“Lack of discipline”
It doesn’t make sense to arrive at a well-defined and appropriate trading strategy without a determination to strictly follow it.
Many traders have a habit of abandoning pre-determined plans and spurring them to act.
I often leave at the exit I set at the beginning, but I often change my mind and change the exit.
“Lack of money management”
Forex traders often forget that proper money management skills are essential for successful trading.
Without proper money management, you cannot minimize losses or maximize transaction profits.
Conservation of funds is indispensable to prevent the game over of Forex trading.
“Lack of patience”
Forex markets often lack a clear direction.
Forex traders, on the other hand, are skeptical that they may be missing out on market opportunities without their knowledge if they do not trade frequently to some extent.
Such nonsensical and detrimental decisions lead to positive-positive disease and over-trade.
As a trader, you have to be patient to check yourself and wait for the right trading opportunities.
“Equalization of loss”
Forget past losses, try to recover them, and never try to force them.
By framing stop orders, you can avoid falling into such a trap.
Many Forex traders who have succeeded in FX have made great efforts to overcome these mistakes.
One way to “save” that hard work and effort is to use an automated trading system.
In fact, it has been used by advanced, experienced and professional traders to overcome many of these hurdles, and its range of use is expanding.
See the Education section for more information on automated trading.