Thanks for joining APPs, a social network for Professional Traders!
APPs is a great place to:
*If you find the steps confusing or complicated. Do email us [email protected]
APPs only works on BrightWin eFrim Account.
"Do not Give Up, the beginning is always the hardest."
Thanks for joining APPs, a social network for Professional Traders!
Below are the benefits of AutoCopy on APPs:
In Settings, select Account Link to connect your Live account to APPs in order to AutoCopy.
As a social network, APPs allows our master traders to leverage our platform and build their reputation with us.
Below are the benefits of becoming a Master Traders on APPs:
APPs is an online social trading network that enables its members to create a profile, connect with other traders in order to easily communicate together and share trading ideas, strategies and other related financial market information. In addition, members can link their trading accounts with APPs to publish account activity in real-time for others to see, analyze, comment or utilize AutoCopy.
Our mission is to offer an open environment for everyone interested in trading, where traders can connect together through APPs to utilize the collective wisdom of many to make better trading decisions.
Unlike others copy system, our master traders are selected base on stringent due diligence.
You can find members to follow by visiting the Find Top Traders page. You can look through and evaluate each trader's past performance and stats, followers, length of trading history etc and decide who to follow.
By following other members, you can filter their Activity Feed in your dashboard. Also, depending on your notification settings, you will be notified when a member you are following places a trade or posts something.
No, you only copy from our professional traders.
You have complete control over your account privacy. You may choose to show/hide various details from your profile Settings.
The security of your information is our top-most priority. APPs uses industry-leading encryption methods to transfer and store all data.
If you would like to change your security settings, please go to the top right-hand corner of the page and click on ”Settings” under your username. From there you will be able to access the “User settings” area and change your security settings.
There is no cost for a member to participate on APPs. If you are a Copy Trader, then you only pay the fee applied by the Professional Traders.
Yes. To ensure your orders are executed, you need to log in to your trading account. If your account is not connected to our servers, your orders cannot be executed. If you see an error message saying “Trade Request Failed. Reason: Platform Unreachable”, please make sure you have logged in to your trading account and attached the Bridge EA to any one chart.
Here are some posting guidelines for APPs users. Failure to adhere to these guidelines may result in a deleted post or terminated user account:
To link your trading account to www.eFirmz.com, visit Settings -> Account Link and click Add Account.
AutoCopy is a system that allows you to automatically copy trades from a chosen group of traders. To use AutoCopy, find the account of the trader that you wish to copy and click "Add to AutoCopy", or use the Traders page to filter traders by a certain criteria.
As a Investor, APPs platform allows to build your experience by following experienced traders with an established track record.
As a Investor, you can add Professional Traders' accounts to your AutoCopy Investment portfolio from either from the Traders page or from your Profile - AutoCopying section.
When adding an account to AutoCopy, you need to select several parameters such as lot size, maximum open lots and maximum open trades. Just as importantly, you need to select which fee model from those offered by the Signal Provider on the given account you want to follow.
The possible models are:
In case a Professional changes his supported fee models or increases his fee structure, you will be alerted by email with a link that you will need to confirm. If you do not confirm, the AutoCopying will be canceled 3 days later. For subscriptions, the new model will be applied when the current subscription period expires.
AutoCopying traders comprise risks. It is your responsibility to perform due diligence on the traders you wish to AutoCopy as well follow necessary Risk management techniques.
APPs is free to use, but if you want to AutoCopy traders there may be a fee involved. You can see each trader’s fee model under their profile. If you see multiple fee models, you have the option to select which fee model you prefer.
Orphan trades are trades that can no longer be tracked by a source account (account that triggered your trade).
This can happen for various reasons:
Orphan trades are indicated by a special icon in your Trading Activity section. If "Auto-Close Orphan Trades" is enabled, these trades will be automatically closed when detected. If this function is disabled or if you remove a trader from your portfolio, you are responsible for manually closing these trades at your discretion.
To prevent occurrences of orphan trades, we highly recommend people whose trades are copied and copiers to use a VPS service or a dedicated PC with a fast, constant and reliable internet connection.
Yes, AutoCopy manages trades that are placed through this system only. Any other trades, manual or automatic are not touched by the AutoCopy system. It is your responsibility to determine whether your robots get along with other systems.
As an added bonus, you can track the performance of your robots by assigning a unique magic number (usually available in EA inputs). The results of trades placed by your EA are shown as "Other (EA)" in the performance report.
Often times issues related to AutoCopy can be resolved by looking at the transactions log. There you will find a log of all attempts by the AutoCopy to copy a trade into your linked account along with the status and relevant description of the transaction.
Some of the common errors are:
The Leaderboard lists the top 10 traders based on their Return in two different time periods - “This Week” and “This Month”.
The weekly period starts when markets open on Monday in Asian trading and ends on Friday evening after the close of the trading.
The monthly period starts on the 1st of the current month and ends on the last day of the month.
Return (as further explained below) is calculated as total Realized and Unrealized Profit over Average account Equity in the given time period.
Besides having a good return, two additional conditions must be fulfilled for an account to appear on the Leaderboard:
We currently calculate 4 different types of returns:
As an example, consider a series of trades on an account:
In the case of the “Return”, the overall account return would be:
As you can see, the overall return would be almost wholly determined by the 1 large trade.
On the other hand, the Normalized Return assigns the same weight to each individual trade and thus the resulting overall Normalized Return would be:
Positive cash flows are the Profits generated from trading and Withdrawals from the account. Negative cash flows are Losses generated from trading and Deposits to the account.
The shortcoming of this method that sometimes the IRR function returns no value (or a value that is outside of the scope for normal return values). This happens frequently with accounts that have a very limited history (recently created or recently connected accounts).
Drawdown is a measure of the maximum peak-to-trough loss in equity suffered by the account over its history.
Technically it is determined as a maximum difference between equity at a point in time called local maximum and a subsequent equity point called local minimum. Note that the local maximum and local minimum do not necessarily correspond to the historically highest and lowest equity points for the give account.
Let’s illustrate this on an example. Here is a chart showing an time series evolution of a sample account equity (in 15 minute intervals):
The Drawdown is determined as a maximum difference between 2 subsequent points on this chart. The first point is called Local maximum, the second Local minimum. No other 2 subsequent points on the chart have a bigger difference in value than these 2 points.
The difference in value between Local maximum and Local minimum is called an Maximum Drawdown. Another measure, a Relative Drawdown is calculated as Maximum Drawdown over the value of Local maximum.
Deposits and Withdrawals to and from the account should not influence the Drawdown calculations. However this is dependent on these external flows being correctly recorded by the broker and fed to the MT server with the correct dates. It sometimes happens that after an external flow (Deposit or Withdrawal) occurs, the broker only records it several days after the actual date. In these cases, the correction for the external flows will not be correctly applied and a new Local maximum or Local minimum can erroneously be created.
These are different risk measures reflecting the variability of the account’s returns.
The Volatility is measured as a standard deviation of the account’s daily returns.
Value at Risk (or VaR) is a measure of the risk of investments. It estimates how much a set of investments might lose, given normal market conditions, in a set time period.
Specifically we compute a parametric VaR with a 95% confidence interval over a period of 1 day. What this means is that this measure shows how much of the account’s equity is likely to be lost given the account’s historical return and volatility data on a ‘bad’ day, defined as the 5th worst day out of 100 trading days.
Sharpe Ratio is a measure of a risk adjusted return, i.e. how much return the account generated over a unit of risk. The ratio is thus calculated as Return over Volatility.
Online Frequency measures how often a member's linked account is connected to their APPs profile -- which is checked every 15 minutes by APPs. Accounts linked less than 24 hours ago don't have the Online Frequency displayed. The indicator is displayed as a percentage.