What is the monthly gain?
We are targeting 25% a month on our Admiral Prime account, with 30% max drawdown. On our admiral markets account we target 15% a month with 15% max DD. This depends on your risk tolerance. You can go all out and target 50% month, but the chance of ruin is dramatically magnified at this level of risk. On the other side of the coin, conservative traders can target 5% month with single digit drawdown.
What about bank holidays and gap weekends etc?
If market not open then it wont trade, DAX is unlike currencies, market is either open or closed, currencies can be open but barely. Daxbot not hold overnight so never a gap risk.
Will it run on my broker?
It will run on ANY MT4 broker that offers the DAX30 instrument. (sometimes identified as FDAX, GER30, DE30, DAX, FDAXm, GDAXi on MT4). However you will need to ensure your broker offer good ECN execution with low dealing spreads. Admiral offers 0.2 spread, more or less untouchable in our opinion. There are over 2000 brokers with MT4 so we cant comment on how good or bad your broker is. We make a few recommendations, outside of that we are not in strong position to make a broker judgement.
Will the performance be the same in every broker?
Typically no. There are many variables that can explain why trades differ in brokers, liquidity, feed quality, spread fixed or dynamic,differences in spread width and whether the market is spot or futures. Over a long period the difference will be negligable as it will balance over time. More critical is your broker performance in terms of execution, fills and minimal slippage. Even if you check our 2 admiral accounts (ECN V MT4MArket account) there are trade differences.
Will it work on currencies?
Yes, Daxbot.eu will run on currencies but we dont have any pair that can perform like the DAX, in time we may eventually bring in other pairs.
Will it work on Dow30, Nasdaq, etc?
Primarily, the EA was designed for the Dax30. With that said, it will work in other aggressive, fast moving markets with rapid opens. We are currently developing a version for the DOW30 that we will release in early 2020.
Do you have money back guarantee?
Just cancel your subscription for that month.We do not do refunds.
Do I need a VPS?
Not really, you can run on home PC as long as it remains untouched.
What is the minimum account size to run the Robot?
You can run it from €100 in Admiral with 0.1 lot size, only requires €2.5 margin per €1k position. Other brokers may have less leverage or larger base lot size. (i.e 1.0 lot in Thinkmarkets = €1 a point move)
Do you provide support and installation help?
Yes, we can provide you email support and guide you through the install process.
Will the Daxbot work on any account?
The demo will work in any demo account of any broker.Live works only in 1 account number.
Can it trade more than one time a day, or different time frames?
Yes, it will trade if you increase max number of trades>1. It will also run on other timeframes, but we prefer 5 min and we are sticking to that.
I'm from the USA, can i use it?
Yes, if your broker has DAX30 instrument, no problem.