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Frequently Asked Questions

WHAT DO I GET FOR BECOMING A PLTFXAlgo SUBSCRIBER

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  • Instructions on how to test your version of the PLTFXAlgo and fully optimise it.

  • Backtesting functionality with the use of all timeframes, indicators.

  • Testing optimisation parameters such as, risk/reward, stop loss, trade expectancy.

  • The ability to see the settings of other already highly profitable strategies such as the PLTFXAlgo.

  • Depending on the membership level you can access the automation mode which trades your strategy on your behalf, even while you sleep.

  • MT4 or MT5 connection from the PLTFXAlgo App to your account.

  • Depending on your subscription, you also have the ability to deploy more than one PLTFXAlgo to work for you on your trading account.

  • Please email support@pltfx.com to request details for additional account activation.


DO YOU OFFER A FREE TRIAL AT ALL?

 

  • Yes for sure, transparency for PLTFX is key and with that said we give potential subscribers a FREE 30 day trial to create and test PLTFXAlgo models using our optimisation software. If then you are happy with what you see you can simply upgrade your membership, here you will be able to connect your MT4/MT5 accounts to either a demo account or live funds.

 

I HAVE NEVER TRADED IN MY LIFE, I DON’T HAVE EXPERIENCE, CAN THIS STILL WORK FOR ME?

 

  • Most definitely, essentially we have two modes once you’re happy with the PLTFXAlgo model you’ve created:

  • Discretionary Mode meaning you receive the market opportunity alerts to your Telegram and then it’s your choice to hit a simple ‘YES or ‘NO’ to execute the trade in your linked MT4 or MT5 trading account.

  • You have upgraded to the Automatic subscription level, your PLTFXAlgo will then take trades on your behalf, so not even a click of the button is needed. The forex market is a multi-trillion dollar money exchange with up to 70% of the market consisting of algorithms.


WHAT EQUIPMENT DO I NEED IN ORDER TO TRADE?

 

  • You simply  need to connect your MT4/MT5 broker via the PLTFXAlgo App.

  • You don’t even need to buy a virtual server, this is all done through the app.

  • No need to leave the computer running all night, again this is done all through the PLTFXAlgo app.


HOW CAN I MINIMISE MY RISK?

 

  • Risk management is the most important component in a traders success, when you create your PLTFXAlgo we recommend you protect your account in three ways.

  • Using a set risk percentage per trade, using it this way will take into consideration the size of your account as it grows.

  • Using a fixed lot size.

  • This third is the most important feature and that is the stop loss functionality tab in the ‘create your bot’ settings, we want to help traders protect their capital from the start so you will have a stop loss function which is automatically included with any strategy/PLTFXAlgo you create.


I HAVE SEEN OTHER ‘algos’ OUT THERE, HOW IS THE PLTFXAlgo DIFFERENT?

 

  • The detail of the artificial intelligence and the rigours 10+ year backtesting, coupled with the optimisation abilities that the subscriber can deploy themselves to match their own trading style or personality is ultimately what sets us apart. Too many times we have seen an algorithm come to market, to then vanish quicker, this is simply down to the creator not having the right optimisation tools and extensive backtest to see the strategy play out over time, with the PLTFXAlgo you can see the performance amassed 10+ years with over 20,000+ trade sample, which confirms statistical significance of the trading patterns employed in the core model.


WILL IT ALWAYS BE PROFITABLE? (CAN I BUY THE LAMBO NOW?)

 

  • No, you must understand every strategy reacts differently to different market cycles, but for confidence, when you test your PLTFXAlgo on the extensive backtest data, you can dive into the breakdown of performance to see where you version of the PLTFXAlgo strategy had losing months (or feel free to take a look at the PLTFXAlgo and see even with the core strategy there are losing months).


CAN YOU TEACH ME HOW TO TRADE OR TELL ME ABOUT THE STRATEGY?

 

  • We are purely an algorithmic software provider enabling you to create Algo's providing the opportunity to replicate the performances of the core PLTFXAlgo, we do not coach, put it this way, by the time you’ve identified your fibonacci levels your PLTFXAlgo would have identified and entered the trade for you, that’s the power of AI!


I AM HAVING TECHNICAL DIFFICULTIES, WHO CAN HELP?

 

  • Do not worry, you’re not on your own, we have a fully dedicated support team to help with any technical issues you may have, please contact support@pltfx.com and we will be happy to help (Please allow up to 24 hours for a response).

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