Copy SFE Signals - FREE to join!

[Jimmy]

Copy Smart Forex Expert Signals:
https://copy.smartforexexpert.com

- Please use IC Markets MT5 to copy the High Risk account and Pepperstone MT5 to copy the Low Risk account

- You will also need to activate US Stock CFDs on IC Markets MT5 by sending an email to support@icmarkets.com to request it. Pepperstone MT5 accounts come with US Stock CFDs already activated

• Sign up under our IC Markets IB to enjoy reduced commission rate of $5.5/lot: https://smartforexexpert.com/index.php?topic=13.msg14#msg14
• Sign up under our Pepperstone IB to get $100 or $250 First Deposit Bonus + 10% commission discount: https://smartforexexpert.com/index.php?topic=568.msg1292#msg1292

Step-by-Step Guide to copy SFE signals:

1. Go to our signal page (https://copy.smartforexexpert.com) and click "Signup":


2. Register a new account:


3. Once you have registered a new account and verified your email, come back to the page and choose the signal you would like to copy:


4. Click "Follow Signal":


5. Click "Select":


6. Confirm that you have a trading account with IC Markets or Pepperstone, and Login if you haven't done so already:


7. The signal is now successfully added:


8. Go to the panel on the left and choose "Configurator" -> "Account", and then choose "Add Account":


9. Enter the credentials of your IC Markets MT5 or Pepperstone MT5 account to receive trades - please note you will need to enter the Master password here so the platform can place trades for you:


10. Click "Add account" and the account should be connected successfully within 60 seconds:




11. Once the account is connected successfully, go to "Configurator" -> "Trade Copier" -> "Add Copier":


12. Set up the Copier to copy from the Signal to the account you have just added, then choose your multiplier and whether you would like to copy existing trades, then click "Create Copier":


13. Once the copier is created, clicking the Settings icon under "Options" (2nd button from the left):


14. On the first page, don't turn on the Copier just yet, check and update your "Risk Settings" and "Stops & Limits" - it's important that you set "Copy Pending Orders", "Copy Stop Loss" and "Copy Take Profit" all to YES and update the settings, before you turn the Copier ON.





15. Turn the Copier ON and click "Update", and you are now connected!


Lastly, the system will send you email alerts about every trade by default, which I find a little annoying. If you would like to disable it, go to the panel on the left -> "Configurator" -> "Email Alerts" and untick the alerts that you don't want to receive, then click "Update Alerts":


That's it folks! Welcome to the SFE Family!

[jasper2603]

Hi Jimmy,

Sounds very nice and I might sign up for your signals. a few questions, could you post the backtest results you did? And what would be the recommended funding amount to start with?

Great idea this copier!

[Jimmy]

Hi Jimmy,

Sounds very nice and I might sign up for your signals. a few questions, could you post the backtest results you did? And what would be the recommended funding amount to start with?

Great idea this copier!

Hi Japser,

You can see the images below. It grew $10K to $75 millions from 1st Jan 2016 to 9th May 2020 so it was 7500 times growth in 52 months, which works out to be around 18% monthly gain on average.

Even if the backtest is a bit more optimistic than real live trading conditions, I believe the EAs should still easily deliver 10% per month on average, which would have turned the $10K into $1.42 million during the same period.

Oh and to be able to cover the margins, take advantage of the partial close function on some of the EAs, and be able to trade Stock CFD effectively (IC Markets has a minimum requirement of 10 shares per trade for Stock trades so you may miss out on some Stock trades if your account balance is too small), I would say it would be best to have an account size of $10K or more. This will also help justify the cost of the signal, which will work out to be no more than 1-1.2% of the trading capital per month if you trade with over $10K.

[Jimmy]

Actually I just realised with the initial backtest I had set the risk per trade setting for SFE Breakout at 1%, but now the officially recommended normal risk is 2%. Therefore I have run another backtest with SFE Breakout at 2% risk per trade, and this time it gave nearly $79 million gain with a slightly larger DD of 50%.

Nevertheless, I have decided that I will still run SFE Breakout at 2% risk per trade on my SFE Stock Market + Evolution FX 100% Risk account - my theory is that you should make all your money work for you!

I think the bottomline is that this is still a high risk signal, so if you don't feel comfortable please use a lower risk multiplier.

There is also another account on my Myfxook which you can follow, that shows how the account would perform at 50% risk.

[jasper2603]

Hi Jimmy,

Thanks for you backtest results, these look incredible good. But be aware your data history quality is only 38%.. So what value can we give to the backtest results. Is it possible you do a backtest with a better data source.

I have my doubts with the results of your backtest, what are your thoughts about that?

[Jimmy]

Well I know backtests can be a bit more optimistic than real live trading conditions, but I am 100% convinced the EAs will be profitable in the long term - the only question is just by how much.

I don’t normally do backtests myself because I trust Joel’s own backtest results which was already done hundreds (if not thousands) of times before he released the EAs. My backtests won’t be more accurate than his own so I don’t have any intention on chasing perfection on backtests. I only did the backtests because I know people are obsessed about them nowadays. But people should also know that most backtests are optimised or doctored by a lot of vendors who just want to boost their sales, and their EAs would have never been profitable in real trading in the long term anyway.

People can sit here all day arguing about how profitable or how much DD there SHOULD HAVE BEEN, but I will just stop wasting my time on backtests and put my own money on Joel’s EAs to capture the profits that I know WILL BE there.

The truth is that even if my account hits 80% DD and drops from $50K to $10K, with the compounding growth on the EAs it will still make back the losses very quickly. We already saw in the backtest how they can turn $10K into $79M in a bit over 4 years. So even if the monthly growth is just half of that, I would still make over $1M starting with $10K during the same period. So what’s there for me to worry about?

[jasper2603]

Hi Jimmy,

You are right about the backtest part, backtests don't say everything. But I will follow your myfxbook results for a few months and if it is good enough I will step in and join your copier service.

Lets hope you make a lot of pips

Cheers

[Jimmy]

Hi Jimmy,

You are right about the backtest part, backtests don't say everything. But I will follow your myfxbook results for a few months and if it is good enough I will step in and join your copier service.

Lets hope you make a lot of pips

Cheers

No problem, I will still be here.

I have no doubt that the EAs will continue to deliver in the long term...after all I have already made over $330K on my old accounts with them - and that's using up to 5 times the recommended risk (I often traded the accounts as if they were $100K accounts, when it only had about $20K in there ).

You could say that's just gambling - except the long term odds were actually in my favour thanks to Joel's EAs. That's exactly how casinos make money off gamblers with their long term mathematical edge.

And as my accounts have grown to decent sizes now, I have decided to take away the short term luck factor by just using the EAs without manual intervention from now on, and I am sure the results will once again speak for themselves over time.

You can verify the stats below under my old Myfxbook username: https://www.myfxbook.com/en/members/jimmy8378. The DD's are large because of the high risk I took, but it all paid off in the end.

[Jimmy]

Out of curiosity, I have just run another set of backtests year by year since 2008, starting with a balance of $10K at the start of each year.

It actually confirmed that the 50% DD in 2016 was actually the largest ever reached DD since 2008, but that year's profit also went up to a crazy $9 million!

Also, we are already sitting at nearly 35% DD for 2020, so if history repeats itself, I believe it is very likely we will be going back up in equity very soon.

PS. I am not sure why the history quality is a lot worse since 2017...that's just what the MT5 terminal told me...

You can see the summary in the image below, and I have attached the full backtest results in the zip file attached

[Jimmy]

Hi Guys,

As 2009 had the lowest gain and 2016 had the largest DD in the backtest running SFE Evolution FX at 100% Risk, I decided to do a few more backtests checking what would happen if I used SFE Evolution FX at 50% risk and 25% risk for those 2 years.



To my surprise, the DD would actually be less in 2016 than in 2009 if you run the EA either at 50% or 25% Risk. And running at 50% risk you would still make 160% gain in 2009 and up to 6750% gain in 2016, with the DD being just around 20%. If you run SFE Evolution FX at 25% Risk then the gain and DD would be both be much less (DD was only about 10% but growth was also only 1/10 that of 2016).

So it appears to me that 50% Risk probably gives the best balance for risk and reward, which will probably be the risk I would recommend people to use going forward (ie. change the risk multiplier to 0.5x risk).

However, I do believe the next big gain should be imminent (SFE PA official account has be in DD for about 2 months now), so I will keep most of my funds in the $70K account until that next big gain happens. Once we have caught the next big gain then I will move some of the profits into the 50% risk account in order to preserve capital during the next DD/stagnation period.

People can obviously use 25% risk as well if they want to keep the DD low, but it may not be worth the time and effort unless you have a very large account to be trading with.

You can see the new backtest results attached to this post.

[Jimmy]

Hi Guys,

You can now copy Smart Forex Expert Signals here:
https://copy.smartforexexpert.com

Some people have been asking me about when the MAM will be open to the public, and the answer is at least a few months - until we have enough track record to demonstrate its long term safety and performance in order to get the AFSL licence to accept clients. However, even when we can start to accept clients, we will only be able to accept Wholesale clients (ie. Net assets >A$2.5 million, or annual income >A$250,000). So if you don't meet the Wholesale client criteria, the only way to access the MAM account will be through our trade copying service - 30% performance fee will be invoiced to you after the end of each month.

The benefit with our trade copying platform is that everything will be automated on the website and you won't even need to run a VPS to copy the trades - so this can be a potential saving for those who don't need a VPS to run MT4/5 terminals for other EAs.

[Jimmy]

*NEW*

Pepperstone Special Offer for SFE Community Members:

• Deposit at least $1000 on First Deposit and trade 5 lots - receive $100 cash into your trading account
• Deposit at least $10000 on First Deposit and trade 20 lots - receive $250 cash into into your trading account

Also, once you meet the above trading criteria, you will receive 10% rebate on commission for the life of your account (which can be more if you trade over 100 lots per month, by special arrangement)

Here is my Pepperstone referral link: http://trk.pepperstonepartners.com/aff_c?offer_id=345&aff_id=26447

Once you have signed up, please send me your name and email, and the cash will be deposited into your account once the trading criteria is met.


You can trade the account yourself, but copying my Pepperstone MAM account will be the safe and perfect way to get the cash incentives - if you copy at the same risk as my MAM account, the account will never blow up, and you will surely get the cash incentive and commission rebate eventually.
 
You can now copy my Pepperstone MAM account for 30% performance fee - it's free to join!

https://copy.smartforexexpert.com

[Jimmy]

Copy Smart Forex Expert Signals:
https://copy.smartforexexpert.com

- Please use IC Markets MT5 to copy the 1x Risk account and Pepperstone MT5 to copy the 0.3x Risk account
- You will also need to activate US Stock CFDs on IC Markets MT5 by sending an email to support@icmarkets.com to request it. Pepperstone MT5 accounts come with US Stock CFDs already activated

• Sign up under our IC Markets IB to enjoy reduced commission rate of $5.5/lot: https://smartforexexpert.com/index.php?topic=13.msg14#msg14
• Sign up under our Pepperstone IB to get $100 or $250 First Deposit Bonus + 10% commission discount: https://smartforexexpert.com/index.php?topic=568.msg1292#msg1292

[Jimmy]

Hi guys,

I have renamed the IC Markets account from "100% Risk account" to "High Risk account", and the Pepperstone account from "30% Risk account" to "Low Risk account".

This is to avoid the confusion that some people actually thought I am risking the entire 100% of the account at IC Markets...

You can find detailed explanation about the risks we use, on our signal copying page: https://copy.smartforexexpert.com