LOOKMEFX is an open foreign exchange follow-up trading platform. Users can analyze the feasibility of trading strategies by viewing the historical performance and data statistics of traders (masters), and then choose to follow the trader for fully automatic synchronization trading.
Frequently Asked Questions
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What is LOOKMEFX?
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What is MT4?
MT4 (Full name: Metatrade 4) is the most popular market, also the most secure and efficient precious metal trading software in the world. 90% of professional traders are using it.
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What is MT4 Broker and Server?
MT4 Broker is the market transaction settlement service provider, but the MT4 server is MT4 this trading software to provide high-efficiency settlement and transaction services. Users register in the broker, and the broker will provide the corresponding server, for example: NavigatorGlobal-Live02 (Navifx broker provides real server).
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What is the relationship between LOOKME and MT4 and broker?
LOOKME is a pure third-party plugin service provider. Through the third-party communication technology developed by the LOOKME team, it directly synchronizes the trading signal to the user's associated trading account (usually: MT4, MT5, cTrader, MT4 web version, MT5 web version, etc.), and has no relationship with MT4 and brokers.
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What are the features/advantages of the LOOKME follow-up platform?
LOOKME platform not only provides traditional follow-up trading services, but also provides: risk control tools, forward/reverse tools, combination tools, batch tools, custom EA generator, custom indicator online generator, etc.
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How to register?
Visit the LOOKME official site www.lookmefx.com, click register, fill in the registration data and click submit registration.
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How to bind/change MT4 account?
After registration, directly bind the MT4 account or click "Personal Center" after login to bind/change MT4 account, select the broker and server you are using, then fill in the MT4 account and main password (transaction password), click submit, usually the system will verify the correctness of the information within 1 business day, at this time you can browse other pages, wait for the audit to pass, after the audit is passed, you will receive a text message or email reminder, once bound permanently生效, when you change the account's transaction password or need to change to another account, you can click "Modify MT4 account" in "Personal Center" again to change the information.
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How to follow the master's trade?
In the LOOKME "Transaction Signal" list, select a good trader you think is good, click "Follow" or click "Follow" on the trader data details page to follow the trade.
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How to start/modify/stop follow-up parameters?
Start: The first start will immediately synchronize the current signal position order;
Modify: Will take effect after the next transaction of the signal;
Stop: Will immediately remove the transaction order under the signal.
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What is the calculation formula for profit data?
Profit: Transaction profit - transaction fee - inventory fee (transaction net profit value)
Initial deposit: Statistics of the first deposit and deposit/withdrawal of the trader (when the trader deposits/withdraws, the current profit rate and initial deposit will be recorded and recalculated)
Profit rate: Profit ÷ Initial deposit × 100% (when the trader deposits/withdraws, the current profit rate and initial deposit will be recorded and recalculated)
Profit factor: Gross profit ÷ Gross loss (This value means the trading ability of the trader and the ability to cover losses)
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What is the statistical method for transaction data?
Total transactions: Historical transaction order quantity (excluding current position)
Profitable transactions: Historical profitable transactions ÷ Total transactions (This value is the direct reflection of the trading win rate)
Loss transactions: Historical loss transactions ÷ Total transactions (This value is the direct reflection of the trading loss rate)
Best transaction: The largest order amount of the history of profitable transactions
Worst transaction: The largest order amount of the history of loss transactions
Gross profit: The total of historical profitable transactions
Gross loss: The total of historical loss transactions
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What is the statistical method for risk data?
Average profit: Gross profit ÷ Profitable transactions (The average value of each profitable order)
Average loss: Gross loss ÷ Loss transactions (The average value of each loss order)
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What is the statistical method for chart data?
Net value: The line chart of the comparison between the balance and the net value
Floating loss: The line chart of the recording of the floating loss rate
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What is copy follow-up?
Click "Follow" or "Follow" on the trader data details page to follow the trade.
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What is risk control setting?
After selecting the signal, you can set some risk item restrictions.
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What is reverse follow-up?
When the signal opens a position, the system will create a position in the same direction/opposite direction according to the user's settings, for example: when the signal creates a buy order, the reverse will create a sell order.
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What is batch follow-up?
Users can use one registered account to associate multiple MT4 accounts for follow-up operations.