We have launched our Apprentice program for a few years and this program has helped many newbies to get a new passive income from the forex market by using our proven profitable EA – Ophiuchus EA. The setup is not hard and mostly takes around 30 minutes and then you will need to monitor the trading. During these years, we have collected feedback from all our clients. The main challenge is the monitoring part. Some clients have no interest or no time to monitor the market and don’t really know when whether they should control the direction of the trade or should let the EA control it. They found it challenging to manage the risky moment.
Hence, we created this new service where you can directly copy our trade using social traders’ tools.
Pros and Cons
Both Apprentice Program (which focus on running the EA yourself) and Copy trading have their own pros and cons. If you are interested to monitor the market and get more profit from the market, we would still recommend you to go for the Apprentice program. Copy trading is more for clients that have no interest/no time in monitoring the market and don’t mind getting less profit.
| Program | Apprentice Program | Copy Trading |
| Description | Program to educate newbies to run and control the EA themselves. | Copy the trades of our account into your own Forex account |
| Setup Time | 30 minutes -1 hours | 10 minutes |
| Pros | – Get maximum profit from the EA. – Full control of the EA | – The EA is operated by the team that developed the EA. No one knows the EA better than us. – No need to monitor the trades or market. Our team will do it for you. – No need to buy the EA and no need to host VPS. – Only pay a monthly fee. Less commitment to start. |
| Cons | – Need to monitor the trades and market. – Need to pay the annual license fees for the EA. Higher commitment to start. | – Need to pay Performance fee and won’t be able to get the full profit of EA. |
| Client Profile | For Clients that are interested to get maximum profit from EA. | 30 minutes -1 hour |
Copy Trading
The EA is monitored and controlled by the same team that developed the Ophiuchus EA. Our team will monitor the market on a daily basis and will decide to change the EA setting, control the direction of trade, or even stop trading as required. If you copy our trade, you will have exactly the same trade as per our account. We recommend all the clients use exactly the same broker as our account to prevent slippage during copy trading.
Currently, we only offer Ophiuchus MultiCurrency as part of our copy trading service via Social Trader Tools.
Ophiuchus MultiCurrency
Ophiuchus MultiCurrency just started last year in September. It is using the same EA – Ophiuchus ( which we have run in the market since 2020. You can refer to the myfxbook here). If you would like to know more about the trading strategy for Ophiuchus, you can refer to Ophiuchus EA.
In July 2022, we released support of AUDCAD for Ophiuchus EA and hence, we created this new Ophiuchus MultiCurrency account which will trade both EURUSD and AUDCAD. The flat line below from October till January 2023 is just a technical glitch in Myfxbook, which loses track of the trade during the period and we only found out later.
The following is the monthly profit for each month since inception with a capital of USD 2,000. Every month end, we will withdraw all profit and only retain capital of USD2,000 there.
Please note that even though the account is monitored by our team but it does not eliminate the risk of hitting a margin call. But it is still better to copy trades from an account that is managed and monitored by our team as we are constantly following the market.
When you go to Social Trader Tools, you will see a performance page like this. We know it looks scary to see a deeply negative growth like that. But this is a data point issue in Social Trader Tools. We have contacted them about this issue about they said they can’t do anything about it. Hence, there is nothing we can do to address this issue at the moment. However, we can assure you that this account is the same account we have in myfxbook as above.
If you click the drop-down box and change it to profit, then you can see the profit chart, which is proof that this account does not have negative growth.
Copy our Trades
If you are interested to get a similar return, you can copy our trade to get a similar income every month. If you are new to forex trading, you can follow the step-by-step guide to copy trading here.
If you prefer to have more control and would like you learn to manage the EA yourself, then you can consider our Apprentice Program.
