FREQUENTLY ASKED QUESTIONS
What is the monthly gain?
We are targeting 50+% a month on our live accounts. You can set up your own risk to lower or higher levels. It is user decision.
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.
VantageFX offer a 0.5 spread with no commission, 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 negligible 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 live account vantagefx and admiral they are not identical.
Will it work on currencies?
Yes, Daxbot.eu will run on currencies if you attach to a chart but we don't have any pair that can perform like the DAX, in time we may eventually bring in other pairs. We are exploring EURUSD now.
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 Nasdaq that we will release in early 2021.
Do you have money back guarantee?
No, run demo as long as you wish, once you buy it you own it. Do not purchase until you are committed and have extensively tested it. Other vendors may offer money back guarantees, but none (that we know) offer fully functional working demos before buying.
The majority of customers take up the free option with vantagefx account, so this does'nt apply as there is no charge.
Do I need a VPS?
Not really, you can run on home PC as long as it remains untouched. But a VPS is the ultimate solution. EA will run quietly away on the VPS and you can monitor on your phone during the day. We use www.vpsenry.com Advanced VPS.
What is the minimum account size to run the DAXBOT?
You can run it from €200 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)
You will need €500 minimum to take advantage of the free EA in vantagefx.
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 1,2 or 3 depending on your licensing. It wont run on any live account, just the designated one.
How often does it trade, or different time frames?
DaxbotV2.1 will trade on average 10 times a day. It will also run on other timeframes, but we prefer ONE minute and we are sticking to that.
I'm from the USA, can i use it?
Yes, if your broker has DAX30 instrument, no problem. FxChoice have it, they take US clients.