1. Is it normal that my trades are different from the trades from Limitless Trading myfxbook?
Although our clients and our myfxbook account are using exactly the same EA with the same version ( Eg, Ophiuchus or Limitless, or even Jakiro), there are many other factors that will impact the trades in each individual account. One of the key factors is the timing to start using the EA for each account. For example, account A started last week and when account A started to trade, the market is on a downtrend, and hence, the EA opened sell trades as a start for that account. While another account B just started this week and now the market is on an uptrend, hence, the EA started with buy trades instead. With different starting timing, both accounts will have different trades and even different directions. Another factor that might also cause accounts to have different trades is, some traders with technical analysis experience might have opinions on current market trends and decide to use the trade buy/ trade sell button on the panel to control the trade direction. This will also cause different accounts to have different trades.
2. Can I run Ophiuchus EA and Limitless EA in different accounts and trade in both directions ( Buy and Sell at the same time)?
Technically, you can do that but there are certain risks involved. There is an analogy that we like to use to illustrate this scenario. It is like driving on a road with two lanes. One is the buy lane and one is the sell lane. Assuming the road is going to have an accident on either lane, when you run in both directions, one of your accounts (either buy or sell ) will hit the accident. Imagine originally, if you only trade one direction, the chance to hit an accident ( margin call ) is 50%. When you trade on both lanes (both directions), the chance of hitting an accident becomes 100% when it happens.
Does it mean you can’t do that? No, you can still do that if you know what you are doing. If you want to do that, you must be ready to monitor the market, understand what’s happening in the market and flexibly turn on and off your EA to buy and sell. We do that sometimes when we see there is no big announcement for the week. Please only do that if you are willing to monitor the market actively and always have a mental plan for the worst-case scenario.
3. If I have more capital (Eg, $4,000), is it better to have one big account to run Ophiuchus EA or is it better to split into two accounts (Eg, $2,000 each) and run Ophiuchus EA?
From a risk perspective, it is better to diversify to 2 accounts ( always better to put the egg in a few baskets) provided that you are willing to manage it. If you are running the same Ophiuchus EA on two accounts, to diversify the risk, the best is to start running each account at a different time. For example, you start account 1 first, wait till account 1 has 5 or 6 trades, then you only turn on account 2 to start to have the first trade. The timing of starting must be different to make it truly diversified.
If you plan to trade in different directions, refer to FAQ Q2 about the risk. If both are in the same direction, after some time, their trade will become the same pace again and you will need to stop one of them to make it a different pace again. Hence, running 2 accounts on the same EA will have some work and monitoring involved. It needs to depend on how much effort you are willing to put in to manage these.
If you are users that prefer simplicity, then one account might suit you better.
Alternatively, you also can split your second account for other types of our EA ( eg, Limitless, Jakiro, or Indices Master), for trading system diversification.
