This post will explain some of the different methodologies of the iMarketsLive mirror traders and high frequency fusion traders.
For more information about iMarketsLive, read my detailed iMarketsLive review.
June 5th 2017:
🔥 TrendyPips 🔥
This Master Trader is working with the definition of lower and upper levels of a breakout. He is watching for trend lines and his strategy is based on powerful tools, which help him to define trend direction and entry points. However all trades are placed manually. “TrendyPips” usually places 1-3 trades per day and he is going to close all transactions within one day. Positions are placed on 2 symbols mainly: EURUSD and USDJPY. This signal is FIFO compliant.
🔥 Optimus Prime 🔥
In this signal are combined 2 strategies: Long-term swing trades and short intraday positions. Master Trader is using hedging positions like a manual StopLoss. So it is recommended to follow this Master with our “StopLoss option” Unchecked. This way Master can better manage his positions. Therefore it is possible to see in the same asset two positions long and one short or two shorts and one long. Normally Master trades EURUSD, GBPUSD, USDJPY, AUDNZN, CADJPY.
Also due to big number of open positions at the same time, we would like to use this Money Management per account:
Each $500 + 0.01
$100 – $500 = 0.01
$500 – $1500 = 0.03
$2000 – $2500 = 0.05
$4500 – $5000 = 0.10
🔑 We also support connection of the same account to both autotrading systems: FXsignalsLive and FusionTrader. This one account can’t be connected to FXsignalsLive twice. Only to 1 Master. In case you have chosen “Optimus Prime” we advise you to keep this account connected only to Fusion as this Master is very active.
June 6th 2017:
Trader Name: -Mr Consistency-
Signal Provider is using automated system in order to find appropriate entry points. Positions are closed manually. His aim is 1,500 pips per month. This is extra active Master Trader and therefore number of opened positions can be up to 12. Average time for trades to be closed is 2-4 hours. All positions are intraday and only in rare situations can be closed on next day.
Recommended lot size (risk) for this Trader is 0.01 per $500 in your brokerage account. Example, if you have $1,000 then you make your lot size 0.02 if desired. Also make sure the ‘stop loss' box is un-checked.
We also support connection of the same account to both autotrading systems: FXsignalsLive and FusionTrader. This one account can’t be connected to FXsignalsLive twice. Only to 1 Master.
** In case you have chosen this Master we advise you to keep this account connected only to Fusion as this Master is very active.
Here is an update on the Fusion Traders:
We added several new Masters to our platform a few weeks ago. One of these new masters is Optimus Prime which has shown excellent results so far. Anyhow we have noticed that not several accounts were not able to handle all Master’s trade because they were not following recommended settings. Therefore we have added several features to protect all clients, mitigate risk and maximize the experience.
Optimus Prime can be chosen for accounts in which the deposit is equal to or more then $500. Therefore this Master is available in the dropdown menu only after the client’s account is connected and account balance is updated on site. (Account balance could take some time (usually1-4 hours) to upload and verify.)
Lot size for this particular account is calculated with separate formula: 0.01 per each $500 max. (If you want to know your lot size just divide your current balance by 50000 and then you'll have the lot size you should choose.)
Example: 4678$ / 50000 = 0.09 lot size
Moving forward with Optimus Prime the system will not let you go above 0.01 per $500 for Optimus Prime.
We also reset lot sizes to 0.01 across the board for all users. You must go in and properly adjust your lot size for IMLFusion if you're above $1000 balance and wish to be above a 0.01 lot size!
The rest of the Master Traders are available with same settings as they were. We still accept accounts with deposit starting from $100 and lot size per other Masters are calculated as it was before: 0.01 per each $100. However for Mr Consistency we recommend to use the lowest lot size as this is ultra risky Master Trader and number of opened positions can be up to 12 or more.