becoming a strategy provider
becoming a strategy provider
02 Jan 2025, 05:35
hey guys, i will start a new account to become a strategy provider with IC MARKETS , need to know if there is any serious issues that i might face other than having a stong strategy ,, like exuting problem due to diffrenct broker and diff LPs etc.
please let know if anything can improve accuracy in providing my strategy .
thnx in advance .
Replies
alraddad.omar
29 Jan 2025, 12:45
( Updated at: 14 Feb 2025, 18:18 )
RE: becoming a strategy provider very insightful thnx
spotware took care of the copying functions, whatever price that hits the subscriber acct depends on market. If subscriber has a good ECN brokerage likelihood of bad spreads will be lower, but you can still expect some slippages.
Some brokerage may have qty=1 for indices (like ICmarket) while others its 0.1 as lowest qty. Some may have symbols like US 30 (with a space) and some US30 (without spaces). For certain symbols, spotware is able to match correctly but others it might be skipped in subscribers acct
Calculating minimum investment and giving general guidelines on symbols traded might be helpful infor for subscribers. A lot of other factors are at play including eg your acct currency=USD and subscribers EUR. There is exrate gain/loss everytime a trade is open/closed. It might be out of your control. Reason for general info about your strategy,
You cant really improve the accuracy of copying, spotware controls the process. Perhaps start a channel n invite your subscribers by placing a TG link in signal subscription to feedback on difficulties they faced if you wanted to support issues. IMHO: its better you dont as some subscribers might be rude, try inject their own ideas, expect 100% hand holdings, etc.
You might want to consider choosing to show open trades for complete transparency.
Lastly, consider this, (from an investor point of view: all investors wanted profits. We are “INVESTING” not “GAMBLING”. It would be more ethical to ensure your strategy is well tested. Profits is not guarantee but some SP play games but hiding open trades and having trades dated 2 months ago opened. Subscribers will copy all these floating trades (n usually these tend to be top losers) if they just joined. Also allow a demo so that subscribers knew what they are getting
@alraddad.omar
alraddad.omar
29 Jan 2025, 12:46
( Updated at: 14 Feb 2025, 18:19 )
RE: becoming a strategy provider
spotware took care of the copying functions, whatever price that hits the subscriber acct depends on market. If subscriber has a good ECN brokerage likelihood of bad spreads will be lower, but you can still expect some slippages.
Some brokerage may have qty=1 for indices (like ICmarket) while others its 0.1 as lowest qty. Some may have symbols like US 30 (with a space) and some US30 (without spaces). For certain symbols, spotware is able to match correctly but others it might be skipped in subscribers acct
Calculating minimum investment and giving general guidelines on symbols traded might be helpful infor for subscribers. A lot of other factors are at play including eg your acct currency=USD and subscribers EUR. There is exrate gain/loss everytime a trade is open/closed. It might be out of your control. Reason for general info about your strategy,
You cant really improve the accuracy of copying, spotware controls the process. Perhaps start a channel n invite your subscribers by placing a TG link in signal subscription to feedback on difficulties they faced if you wanted to support issues. IMHO: its better you dont as some subscribers might be rude, try inject their own ideas, expect 100% hand holdings, etc.
You might want to consider choosing to show open trades for complete transparency.
Lastly, consider this, (from an investor point of view: all investors wanted profits. We are “INVESTING” not “GAMBLING”. It would be more ethical to ensure your strategy is well tested. Profits is not guarantee but some SP play games but hiding open trades and having trades dated 2 months ago opened. Subscribers will copy all these floating trades (n usually these tend to be top losers) if they just joined. Also allow a demo so that subscribers knew what they are getting
@alraddad.omar
Athena
27 Jan 2025, 15:19
spotware took care of the copying functions, whatever price that hits the subscriber acct depends on market. If subscriber has a good ECN brokerage likelihood of bad spreads will be lower, but you can still expect some slippages.
Some brokerage may have qty=1 for indices (like ICmarket) while others its 0.1 as lowest qty. Some may have symbols like US 30 (with a space) and some US30 (without spaces). For certain symbols, spotware is able to match correctly but others it might be skipped in subscribers acct
Calculating minimum investment and giving general guidelines on symbols traded might be helpful infor for subscribers. A lot of other factors are at play including eg your acct currency=USD and subscribers EUR. There is exrate gain/loss everytime a trade is open/closed. It might be out of your control. Reason for general info about your strategy,
You cant really improve the accuracy of copying, spotware controls the process. Perhaps start a channel n invite your subscribers by placing a TG link in signal subscription to feedback on difficulties they faced if you wanted to support issues. IMHO: its better you dont as some subscribers might be rude, try inject their own ideas, expect 100% hand holdings, etc.
You might want to consider choosing to show open trades for complete transparency.
Lastly, consider this, (from an investor point of view: all investors wanted profits. We are “INVESTING” not “GAMBLING”. It would be more ethical to ensure your strategy is well tested. Profits is not guarantee but some SP play games but hiding open trades and having trades dated 2 months ago opened. Subscribers will copy all these floating trades (n usually these tend to be top losers) if they just joined. Also allow a demo so that subscribers knew what they are getting
@Athena