FXOpen launches new FxStat Tradebook

[FXOpenPR_Sean]

FxStat Tradebook a social automatic trade service for traders

July 13, 2011. FXOpen, one of the world’s leading FOREX brokerage companies, is pleased to announce the launch of the FxStat Tradebook, a new social automatic trade service that allows traders to follow the activity of the FxStat traders that have the best performance.

Through Tradebook, traders can start executing their trades and achieve success. Clients can choose the traders they want to follow according to their strategy and their results, while still having complete control over their portfolio and investments.

FXOpen clients can use FXStat Tradebook with newly-created (via FXStat IB) FXOpen accounts with no additional commission or mark-up on spread charged, and with already existing accounts (via PAYG).

FxStat Tradebook also provides a platform for traders to analyze the signal providers, trades and strategy of each trader that wants to become a signal provider before accepting the clients request to become a signal provider, and they must comply with a couple of terms and conditions.

If the trader doesn't respect FxStat Tradebook strict code of practice and trading rules, their application will be rejected.

Further features of FxStat Tradebook include:

• The ability to manage several accounts from one place
• Create a portfolio by pooling together the top performing currency from each strategy provider
• Over 150 detailed statistics and analysis to assist traders in the selection of strategies
• Real time (low latency) order processing from signal provider to signal follower
• Receive email notifications on each activity including buy, sell, close and orders
• Receive daily, weekly and monthly trading reports on each account
• Real time position monitoring
• Close open positions manually from a web based platform
• Full control over your trading accounts (add and remove signal providers)
• Real traders with real money and real accounts providing signals
• Economic calendar
• Forex market news
• Forex market trading time


For more information about FxStat Tradebook, please click here





About:

FXOpen is one of the world’s biggest retail FOREX companies with more than 217,000 active accounts (Micro, Standard and ECN) and over $65 billion in traded volume passing through its platforms on a monthly basis. It provides its clients with everything necessary to get the most and the best from FOREX trading: advanced trading technology, reliable order execution and dedicated support. With the introduction of the first ever MT4 ECN trading platform coupled with PAMM accounts the Company solidified its position as a MT4 technology innovator and the driver of the market development.

FXStat – a leading Global Financial trading and analytics service, offering traders worldwide detailed comprehensive analysis of their trading activities and the ability to share their trading skills and expertise through an online networking service. The FX Stat technology allows dynamic position monitoring and analysis of data in REAL TIME to enable traders to monitor and analyze open positions. FX Stat Tradebook provides traders with the opportunity of mirror trading and signal following. 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. Web-site: www.fxstat.com.

For further information, please, contact:
FXOpen
Press and Media Relations
E-mail: pr@fxopen.com

[d4amenace]

How do you use the service? I signed up and made a payment and I am not getting any signals or anything?

[d4amenace]

How do you use the service? I signed up and made a payment and I am not getting any signals or anything?

[nonamer]

How do you use the service? I signed up and made a payment and I am not getting any signals or anything?

Hi
Did you read the guide line on the fxstat cabinet ?
http://fxopen.fxstat.com/help#followers

thanks

[d4amenace]

yes, everything is already set up but nothing is happening?
Will the strategies notify me or will just start trading?
Do I have to have an account seperately with that signal provider?

[nonamer]

yes, everything is already set up but nothing is happening?
Will the strategies notify me or will just start trading?
Do I have to have an account seperately with that signal provider?

hi

Did you already add account on that fxstat account.
Try check here, the help for fxstat use .
http://help.fxstat.com/index.php?/

Thanks

[d4amenace]

hi

Did you already add account on that fxstat account.
Try check here, the help for fxstat use .
http://help.fxstat.com/index.php?/

Thanks

Ok, thanks for your help nonamer everything is working as it should. One BIG question though, I noticed that the money management, risk management, and strategy settings for fxstat are global. Meaning that the setting apply to all strategies you add to your fxstat autotrading account. Is there any way now, or in the future, fxstat will be set up so that the settings for each added strategy can be set individually for each strategy?

[FXSupporter]

... One BIG question though, I noticed that the money management, risk management, and strategy settings for fxstat are global. Meaning that the setting apply to all strategies you add to your fxstat autotrading account. Is there any way now, or in the future, fxstat will be set up so that the settings for each added strategy can be set individually for each strategy?

Just got an answer from FXStat on this -

Yes, We are working on the solution to give ability to traders to setup their settings for each strategy seperately

[FXSupporter]

November 30, 2011. FXOpen, one of the world’s leading FOREX brokerage companies, is pleased to inform you if the latest updates, made by the FXStat .

Through FXStat Tradebook, traders can start executing their trades and achieve success. Clients can choose the traders they want to follow according to their strategy and their results, while still having complete control over their portfolio and investments. FXOpen clients can use FXStat Tradebook with newly-created FXOpen accounts (via FXStat IB) with no additional commission or mark-up on spread charged, and with already existing accounts (via PAYG).

The latest FXStat improvements allow signal followers choose a better signal provider and effectively monitor their risk management once they’ve subscribed for a particular provider.

FXStat’s latest improvements include:

• Minimum capital requirements - the system automatically calculates the minimum capital requirement to follow a specific signal provider based on the provider’s past performance . The numbers will change automatically based on the signal follower’s lot size.
• Stop Out and Block – trader follower can set maximum risk on each provider based on the allocated money on them. If the signal provider lost X percentage of the alocated money, all positions belong to that provider will be closed and the signal provider will be blocked for sending any new trades.
• Slippage Management Control / Price Difference - allows the followers to specify maximum pip tolerance between their trades compare to their signal providers from the signal providers opening price.
• Max Open Orders/Trades - Signal Followers are able to set the maximum open positions or orders they would like to receive from their signal provider to manage their open positions accordingly or not taking a high risk by having many open positions.
• Risk Management – Signal follower can set their own stop and limit or leave it blank to use the same stop and limit selected by the signal provider.
• Lot Management – signal follower can choose to follow trades based on fixed lot model or creating a ratio between allocated money and the signal providers balance.
• Available Amount/Fund Allocation - available (un-allocated) money from traders balance.

To access the new features on the Signal Provider Settings, log on to your FXStat online platform and click the Signal Provider name.



About:
FXOpen is one of the world’s biggest retail FOREX companies with more than 217,000 active accounts (Micro, Standard and ECN) and over $65 billion in traded volume passing through its platforms on a monthly basis. It provides its clients with everything necessary to get the most and the best from FOREX trading: advanced trading technology, reliable order execution and dedicated support. With the introduction of the first ever MT4 ECN trading platform coupled with PAMM accounts the Company solidified its position as a MT4 technology innovator and the driver of the market development.
FXStat – a leading Global Financial trading and analytics service, offering traders worldwide detailed comprehensive analysis of their trading activities and the ability to share their trading skills and expertise through an online networking service. The FX Stat technology allows dynamic position monitoring and analysis of data in REAL TIME to enable traders to monitor and analyze open positions. FX Stat Tradebook provides traders with the opportunity of mirror trading and signal following. 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. Web-site:www.fxstat.com.

[rexleon]

What's the benefit for the Trader?
Is that program is like zulutrade?

[ceestech]

Can one transfar the fund he has in his fxstat account to his fxopen account and withdraw it by fxopen.

[nonamer]

What's the benefit for the Trader?
Is that program is like zulutrade?

Through Tradebook, traders can start executing their trades and achieve success. Clients can choose the traders they want to follow according to their strategy and their results, while still having complete control over their portfolio and investments.

FXOpen clients can use FXStat Tradebook with newly-created (via FXStat IB) FXOpen accounts with no additional commission or mark-up on spread charged, and with already existing accounts (via PAYG).

FxStat Tradebook also provides a platform for traders to analyze the signal providers, trades and strategy of each trader that wants to become a signal provider before accepting the clients request to become a signal provider, and they must comply with a couple of terms and conditions.

Yes like zulutrade.

Can one transfar the fund he has in his fxstat account to his fxopen account and withdraw it by fxopen.

Actually when you open fxstat account under fxopen all you balance are under fxopen management, so the withdraw will process same like other fxopen account.
Just you get extra benefit which Through Tradebook, you can start executing their trades and achieve their success. You can choose the traders you want to follow according to their strategy and their results, while you still enjoy having complete control over your portfolio and investments.

http://www.fxopen.com/FxStat.aspx#fxTabS1N1

But remember There are two ways how to join FxStat Tradebook:
PAYG – using existing account at FXOpen
IB – opening new account in FXOpen under FxStat IB program

Refer the link given to know the detail .

Thanks