What is the Alveo Trading Platform?

Website

Where Can I Download the Recordings?

Unfortunately, at this time, there is no way for the recordings to be downloaded. However, the recordings are always available to you on the website and you can access them as long as you have an internet connection.

I want to listen to the recordings via my Smart Phone/Tablet.

The recordings and live classes currently use a technology called Flash. Most smartphones and tablets do not support Flash, but some do. For example the iPhone and iPad do not support flash and therefore do not support the recordings and classes, but some Android phones and tablets do. Check your smartphone or tablet to see if it can support Flash.

Why aren't my statistics updating?

The way the statistics sync to the website is kind of interesting. I’ll explain the whole thing and then not only will we both be experts in the matter, but we'll probably figure out what piece is missing and making your stats not update.

First of all, we assign a specific virtual account to everyone. You’ll only be able to see statistics on the website for the accounts we assign to you. This page shows you your account number: https://apiaryfund.com/software

At the very very top of MetaTrader, above the menu where the name of the program is, it shows you the account number you’re currently logged in to. If you’re not logged in to your Apiary account, go to “File” and choose “Login” to enter the information from that software page.

Secondly, We use a piece of code called an expert advisor to send your trading data to the website. Here’s some good things to know about expert advisors:

  • They’re little programs that can only run with your permission.
  • They have to be on a chart to run.
  • There can be only one on a chart at a time.
  • You’ll know what one is on your chart because it shows its name in the top right corner.

The one we use for statistics is called "!Apiary Sync” and you can find it in your Navigator window of MetaTrader under “Expert Advisors.” To apply it to a chart, just drag it over and drop it on the chart. A chart that has it applied will say “!Apiary Sync” in the top right corner. You only need it on one chart. What it will do is periodically look at what’s in your “Account History” tab and send that information to the website. You can see it do this sometimes in the top left corner where it has some text saying it’s syncing trades.

Most of the time it will say something like "Apiary Sync will automatically resume in ~ 1 hour"

The words in the top right corner either have a little smiley face or an X to tell you if it’s allowed to run or not. If you have an X, look for a button near the top of MetaTrader that says “Expert Advisors / Auto Trading” with a little icon. This is a toggle that lets you turn all your Expert Advisors off. Try clicking it to turn it on (green) and see if that gives you a smiley face in the corner instead. If you still have an X after that, start throwing things! Just kidding. The Expert Advisor has some settings we can go check on. Right click on the chart and go to “Expert Advisors” and choose “Properties…” This gives you a window that says all the stuff it’s allowed to do. Look at both of the tabs and make sure it can do things without manual confirmation. Allow live trading should be checked.

Go to the Account History tab (at the bottom of MetaTrader 4). Right click on any of your past trade or if you do not have any trades, right click on the blank space where they would be, and choose “All History.” The Apiary Sync can only send as much history as you have in there, so you want it to send everything.

So that’s what’s supposed to happen. You make trades, the Apiary sync expert advisor grabs all that history and sends it to the Apiary Fund server. Then our server looks at that account number and trades and draws all the graphs for your account to help you see how to trade more effectively. It should happen as soon as it says “All 238 trades synced…” or whatever number you have in the top left corner of your chart. There are over a million trades currently in the system, though, so don’t get too worried if it takes a second.

Lastly, please note that this statistics update does not apply to the achievements page. The achievements are found from your statistics but only update every few days.

Hopefully it was just one of those silly little things and your stats will work now. But you also know a lot more about why it works, too. Give it a day to sync and let us know if you’ve tried that stuff and still don’t get anything or still have an X.

Happy Trading!

What is the "Forum"?

The forum is an on going conversation in the Apiary community (the "Beehive"). Apiary customers and Apiary employees can post topics of discussion there that can range in subject from someone's trades for the day to a technical issue in the software that needs to be resolved and everything in between.

You can find lots of good information in the forum, either by searching for a subject you're looking for or starting a new discussion topic. Just remember to keep the discussion on topic and appropriate. You may be surprised at how useful the forum is, and we encourage everyone to use it. The people on the forum are real people who are in a similar situation to you. They are also Apiary customers who may be able to help you with a question you need an answer to.

Also, the handsome folks at Apiary Trader Support are on the forum on a daily basis trying to answer questions and encourage useful conversation

How can I add the Calendar info to my calendar on my computer?

Here's how you can get the Apiary Fund Calendar to show up on your fave calendaring application like iCal or Outlook or Google Calendar.

iCal Instructions

Open up iCal on your computer.

Click on "File" in the Menu Bar.

From the File Menu select "New Calendar Subscription..."

A menu will appear where you can enter in a url.

Enter this url: https://apiaryfund.com/calendar/ical

Once you have entered that url click the subscribe button.

After you click the subscribe button you should see another menu drop down giving you options for the subscription. You can leave all of the settings at default by just clicking okay.

You should see all of our calendar events like you would normally see them on our website.

When you click on the event you should see a url in the information about the event that pops up. You can use that url to get to the class you're wanting to attend.

Windows Calendar Instructions

These are instructions on how to add our Apiary Fund calendar to the Windows Calendar app for Vista, but it should be similar to how you would add it for other Windows made Calendar apps. Remember, if you get into trouble you can always call our support line at 1-801-701-1650 and they will help you.

Open up your Windows Calendar application

From the Menu click on "Share" and then on "Subscribe"

You will then see a window pop up where you can enter in the url to our Apiary Fund calendar.

You will then have see options for the calendar.

From there you should see our calendar events appearing in your calendar.

Google Calendar Instructions

Go to your google calendar at google.com/calendar and log in.

You will see "Other Calendars" on the left hand side of the page and a drop down menu arrow to the right of that. Click on that drop down menu arrow.

From that menu click on the link to "Add by URL". You will then see a menu appear where you can enter in a URL.

Enter in this URL: https://apiaryfund.com/calendar/ical then click "Add Calendar". You should now see all of apiaryfund.com's calendar events on your google calendar. Pretty neat, right?

Trading

What is a lot?

It's when there's more than you can carry! Just kidding. A "lot" in forex is actually a shorthand way of telling someone how much of a currency you are buying or selling.

One lot is 100,000 units of the base currency. So, if you're trading the USD/JPY pair, one lot is $100,000 USD because that's the base currency. If you're trading the EUR/USD pair, one lot is €100,000 EUR.

Remember that, because of leverage in forex, you don't have to have $100,000 in your account to trade one full lot. For more information about this topic, watch the module Lots and Leverage.

For more definitions and trading terms please check out our Glossary

What is a pip and how much is it worth?

When you trade stocks in the US Stock market, you will buy and sell stocks with dollars and cents. If stock traders are talking to each other and say a stock went up $3.25, they both know how far that is. Currency prices are quoted to several decimal places, though. So, currency traders needed a way to tell each other how much an exchange rate changed. That word is "pip."

A pip was the smallest unit of measurement in the forex market for a long time. If a quote was 1.0000 and it moved to 1.0001, that was one pip. It was the very last decimal place. More recently, banks wanted even more detail in their quotes, so they added another decimal place. That's sometimes called a point, BUT the pip is usually written as a larger number because it is how people in the currencies market still talk to each other.

To identify pips in your Apiary Fund Metatrader, open the "New Order" window. When you have "Market Order" selected, you will see the current bid and ask prices. If there is a small number at the end of the quote, that is a point. The very last large number is the pip.

If you are trading one full lot on a pair with USD as the quoted currency, each pip will gain or lose $10 USD for your account. Pairs with USD as the base currency are close to $10 per pip on a full lot, but not exactly. For more information about what a pip is and how to calculate it's worth, watch the module What is a Pip?

For more definitions and trading terms please check out our Glossary

What is a stop loss?

A stop loss is a way to tell your computer to get out of a trade automatically if it's losing too much money. It will "stop" your "loss" for you. You don't want to have to sit in front of your computer all the time with your hand on the button just in case something goes wrong.

When you create a pending order, you can set your entry, stop loss, and take profit. Essentially, you're telling the computer, "I want to get in here and then out here if I win and out here if I lose." That way, you can place the order and your account will do all those things automatically.

If you enter a position using a market order (or you tell your account to buy or sell right now), you will have to set the stop loss after. To do that in the Apiary Fund MetaTrader, go to your "Trades" tab (probably in the Terminal window at the bottom), and right click on the open trade. You can then choose to "Modify" your order and type in a stop-loss. You'll need to click the "Modify" button for it to take effect.

An active stop loss will look like a horizontal dashed line on your chart.

What is a take profit?

A take profit is a way to tell your computer to get out of a trade automatically if it's won a certain amount. It will "take" the "profit" you have made. It is also sometimes called a Target.

When you create a pending order, you can set your entry, stop loss, and take profit. Essentially, you're telling the computer, "I want to get in here and then out here if I win and out here if I lose." That way, you can place the order and your account will do all those things automatically.

If you enter a position using a market order (or you tell your account to buy or sell right now), you can set the take profit after. To do that in the Apiary Fund MetaTrader, go to your "Trades" tab (probably in the Terminal window at the bottom), and right click on the open trade. You can then choose to "Modify" your order and type in a take profit and/or stop loss. You'll need to click the "Modify" button for it to take effect.

Your "take profit" will look like a horizontal dashed line on your chart.

For more definitions and trading terms please check out our Glossary.

What is risk management?

When you look at a situation and consider the potential rewards and dangers, that's risk management. When it comes to trading, risk management has to do with analyzing your exposure to risk and whether it is justified by the probability and size of your reward. For your individual trading, you will need to make sure to place trades with appropriate exit strategies so you aren't risking more than you stand to gain.

For the Apiary Fund, risk management means analyzing the trading styles of individuals. The Apiary Fund has risk managers whose job it is to talk to and work with traders in funded accounts. Risk managers like to see consistent and profitable strategies that they can count on. Volatility or inconsistency in a trader's style would mean there is an unknown level of risk.

Why is there a per trade commission?

When you go to a retail forex broker (aka dealer) to set up an individual account, they act as a middle-man connecting you to a currencies ECN (the internet of the forex market). The provider of the ECN has their own spread and commission that they charge that dealer. The dealer then combines that spread and commission, adds in their own small spread, and that results in the final spread that you see as an individual trader. The Apiary Fund is one step closer to the market, eliminating the middle man. You will notice that the combined spread and commission result in fewer costs to you as a trader. We don't put it into the spread because the commission will be smaller if you trade a smaller lot size. These things combined keep the cost as low as possible for you and us.

For more definitions and trading terms please check out our Glossary.

Alveo Software

What is the Alveo Trading Platform?

Alveo is a trading platform built by the team at the Apiary Investment Fund. It is a high frequency platform with native risk management. Alveo is written in the C# programming language.

How do I open a new chart window?

How can I set a default order quantity?

How can I create a new order using keyboard shortcuts?

  • F5: Buy Market
  • F6: Sell Market
  • F7: Buy Limit
  • F8: Sell Limit

How can I view multiple chart windows at once?

Can I detach a window and move it to another monitor?

How can I run Alveo on my Mac?

Option 1: use our virtual private server (VPS) service

For a low monthly payment, you can have exclusive access to a dedicated Windows machine via Microsoft Remote Desktop Protocol (RDP). The RDP client is free for Mac and Windows. See https://apiaryfund.com/software/vps for more information.

Option 2: install VMWare Fusion and Windows on your Mac

So you have a shiny new Mac (or you have an old well-used/well-loved mac) and you want to get into the Apiary Fund which requires a copy of Windows in order to run the Alveo application, well don’t worry about having to buy a new laptop and don’t worry about getting rid of your Mac computer. Your Apple iComputer can be an amazing Windows machine maybe even the best one you ever used. However, You’ll need a few things first, like a copy of VMWare Fusion or Parallels. In our estimation both programs run equally well, but the program we use in office for the most part is Fusion. It is also the program that I (the nameless overseer who is writing this tutorial) have on my computer so it will be the subject of this tutorial. You will also need a copy of Windows. Whether that’s Windows 8 or Windows 7 does not matter. You may have a difficult time now finding a Windows 7 disc, but if that’s what you want and you can find one then that’s fine. In this tutorial we will be installing a copy of Windows 8, specifically the 64-bit version which is the version you should buy.

You'll want to make sure that your computer has all the necessary hardware to run both Fusion and Windows. You can find Fusion System Requirements here and you can find Windows System Requirements here. Go down that list and make sure that your computer can run these two programs.

First off you’ll need to get a copy of Fusion. I recommend buying one from a retail store like Best Buy or Officemax. You can also download the program directly from vmware’s website. If you download the application you will be asked to create an account with vmware so that they can remember that you bought a copy from them. This is nice as it will allow you to redownload the program at any time for whatever reason like maybe buying a new computer or something like that. Having the box will also allow you to do this.

Once you have Fusion you will have to install it onto your Mac. I won’t go into how to install an application on your Mac in this tutorial. It should be a simple thing of loading up the program by either double clicking on the file that you downloaded when you bought Fusion, or loading in a disc or thumb drive if you bought a retail copy of Fusion. Once you got it loaded up go through whatever steps it takes to get Fusion installed on your Mac. Now the tutorial that I have planned will begin.

Open up Fusion. It should be in your Dock or in your applications list.

Click on “Create New”

When you click on the Create New Icon you will see a new window appear. It looks like this. Insert your Windows disc then click Continue.

Once you’ve entered your Windows disc (I am using a copy of Windows 8 64-bit for the installation of this tutorial, but it should be similar to an install of Windows 7 as well if that’s what you have) you should see a screen asking you to specify which version of Windows you are going to install. My version of Fusion is an older one and does not have Windows 8 on the list. The latest version of Fusion will have Windows 8 on the list. It will still work for me though as long as I specify that I’m using a 64 bit version of Windows. Once you’ve chosen your version of Windows click “Continue.”

Next you’ll see a window that gives you final information about your Windows machine that you’re about to install.

Click “Finish”

When you click finish a small window will pop down that asks you to name your virtual machine of Windows. It will have already created a name that you can use so all you have to do is click “Save”

Once you click save Fusion will run your Windows installation disc and the process of installing Windows begins. This should be a simple matter of following the installation instructions on the screen but I will walk you through each step anyway.

This is VMWare running your Windows Installation CD.

This is your Windows Installation CD booting up. Notice the Windows logo.

This is the beginning of the Windows installation process. The default settings are set to English language, English Time and Currency Format and US keyboard and input. You may need to change that based on your preferences. If you speak English and prefer a US Keyboard layout than just leave it all the same and click “Next”

Click “Install now”

This is the next screen you should see and your copy of Windows will have come with a product key. Enter that in on this screen.

Agree to Windows license terms and click “Next”

Choose which type of Install you want to do. You will probably see an option for “Typical” or “Recommended” and you’ll want to choose that one.

Next is the easy part. Wait for Windows to finish installing. Maybe grab a drink or make yourself a sandwich because this may take awhile.

If you’re installing Windows 8 you’ll have to go through this personalization setup stuff. Just follow the instructions and the next part will be once you’re done with all of that.

If you’re using Windows 8 you’ll notice there are two main areas as opposed to one. The desktop area which should be familiar to all Windows users and now there is an area called the “Start” area which is what will pull up by default. We’ll be spending all of our time in the “Desktop” area which should be familiar.

Next, click on “Virtual Machine” in the menu bar and then click on “Install VMWare Tools from the drop down list.

You will see a menu drop down. Click “Install” from that menu.

You will see a notification pop up on your Windows screen. Click it.

You will see a menu pop up. Click “Run setup64.exe”

This window will appear asking if you want to allow the program to make changes. Click “Yes”

VMWare tools will take you through an installation of some drivers they’ve prepared in order to make your mac hardware work with Windows. Isn’t that nice of them?

Click “Next”

Choose “Typical” and click “Next”

Click “Install”

Wait for the installation to be finished.

Click “Finish”

Click “Yes.” Don’t worry this won’t restart your actual computer, just your virtual Windows machine. Wait for Windows to restart.

Now, at long last, you have a fully functioning Windows machine on your Mac computer. So cool, but we’re not done yet. Time to install MT4. On your still-got-that-new-car-smell copy of Windows open up Internet Explorer. It’s the blue E in the left hand corner.

Go to apiaryfund.com and log in. Once you’ve logged in click on “More” and then click on “Software”

On the software page click on “Download Software”

You’ll see a box appear at the bottom of your page that asks do you want to Run or Save the file you’re about to download. Click “Run”

Then you will see our Alveo Setup Wizard pop up that will walk you through installing Alveo on your virtual Windows machine running on your Mac computer. Click “Next” on that screen.

Accept the terms in the License Agreement and click “Next”

When Alveo is done installing it should pop up and ask you for some Login information. You'll have to use Apiary Fund website login info. Make sure that you are using your username and NOT your full email address, just the username and password.

Congratulations. You now have Alveo on a virtual Windows machine on your Mac computer!

What does it mean when I get a 41 error code?


What causes error 41 to happen?

Error 41 happens when a template or workspace cannot be fully loaded because all or some of the chart objects (indicators, time series, etc) did not have enough vertical space within the panel to be drawn correctly. When a chart template/workspace is saved, every object within the panel is stored with whatever percentage of vertical space within that panel that the given object was using. So when that object is loaded, it is given back that percentage to use again. Each series and indicator require a minimum of 30px each in order to load properly. Many indicators will crash if they aren’t given this required space to draw. They are more or less coloring outside the lines if you will.

What can I do about it?

When saving a template or workspace, make sure that each chart window has enough vertical space to display each series or indicator that you are asking it to save. This error occurs more often when saving a template on a larger monitor then later trying to open said template on a smaller screen like a laptop, etc.

How do I install the Alveo Software?

Watch the install overview video here:

https://apiaryfund.com/node/13403

How do I place my first trade on Alveo?

Watch the getting started video about placing your first trade on Alveo:

https://apiaryfund.com/node/13407

What are the system requirements for Alveo?

Processor
Single-core Intel® or AMD® processor at 1.5 GHz or faster (2006 or newer)

Memory (RAM)
1GB

Hard Drive
5400 RPM drive with atleast 500 MB of free space

Video Card
64 MB of video memory
16-bit graphics support

Screen Resolution
1024x768 pixels or higher

Internet Connection
3 Mbps or better with less than 150ms latency

Network
Access to ports 443 & 4504

Operating System
Windows® 8 64-bit
Windows® 8 32-bit
Windows® 7 64-bit
Windows® 7 32-bit
Windows Vista® SP2 32-bit
Windows Vista® SP2 64-bit
* All versions require .NET v4.5 or newer

The Apiary Fund

What is the Apiary Fund?

The Apiary Fund is a proprietary trading fund. There are several sub-accounts of the fund which are managed by separate individuals. Each individual works to grow their account, receiving a split of their profits every month. Our community of traders works together similar to a beehive, which is how the fund received its name. The hive mentality illustrates our philosophy on money management – that is, we manage our risk by taking a diversified approach to the number of traders who each manage a small percentage of the fund. The fund then shares a large portion of the profits with its traders ensuring that both the fund and the traders’ incentives are in complete alignment.

How do I get funded?

Here are the main metrics an Apiary Fund Risk Manager will look at when reviewing a virtual account for funding eligibility. Risk Managers have the ability to allocate funding to individuals at their discretion even if the trader hasn't met these metrics; however, a trader whose virtual account is achieving these benchmarks with a consistent predictability will be an extremely likely candidate:

  • Winning trade percentage greater than 50%
  • Average win greater than average loss
  • No loss exceeding 2% of account size
  • 60 days of history
  • At least 100 trades

Risk Managers understand that trading takes a lot of learning, practice, and patience. Don’t hesitate to practice trading for fear of making a mistake.

When analyzing a virtual account’s balance over time, it is common for beginners to have a period of excess volatility, particularly near the beginning. As you trade, you can learn to keep to a steady system of entry and exit, both winning and losing, that will average out to a relatively consistent, increasing account balance.

When am I ready for a risk management interview?

When you log in to apiaryfund.com, you can track your trading progress in the "statistics" section. At the bottom of the statistics page is a section that shows your progress on various metrics that a risk manager will look at. When you reach all of these, you will be able to click the button that says "Submit for Review."

Why does the Apiary Fund disable my account?

For our funded accounts, we have an automatic risk management software that will close all trades on an account if it reaches a loss of 5%. The account is then turned on by the Risk Manager later. Because we want the simulated demo accounts to prepare you for a funded account, we have the same rules in place. If your cumulative losses exceed 5% of what your balance was at 0:00 GMT, it will close all the trades and be disabled until Trader Support can turn it on the next business day.

Why is there a monthly fee?

The Trader Programs have a monthly technology fee of $97.

The technology fee isn't just for data. Retail forex dealers for the general public provide their demo accounts and data for free because they know that they will make money from the subsequent customers' transactions. The quality and accuracy of the data stream can be debatable. The way we trade the Apiary Fund is not through a retail setup designed for the masses though. We used to trade at an institutional level tied directly into an ECN But with the change over to Alveo we are working on becoming our own ECN. While the monthly technology fee does cover the costs for streaming accurate real-time data and managing accounts, it also helped with the costs for software including licensing of MetaTrader and the Proform Robot, operation of the servers and administrators of this website, live phone and email support, and the ongoing live discussions through Adobe Connect. That's why we call it a technology fee and not a data fee.

Since we are no longer using the MT4, the costs that were associated with licensing that we were paying are now being used to help create our ECN and further the progression of the Alveo software. The technology fee is still for the Education on the website and the continued development of educational material as previously stated.

What's the difference between the Apiary Fund and another trading company?

There are several things about our history and structure that make our organization unique. Here's some of the more poignant features of the Apiary Investment Fund:

Proprietary Trading - Our whole goal is to train someone how to trade so they can get a funded account. We actually put up the money and take the full risk. For that reason, we have to make sure each and every trader knows how to trade in a profitable and consistent way. This is different from other training companies whose primary goal is to sell training. They may even withhold information and say you need to pay more to learn more. Our prerogative to give our traders every bit of information that can help them become successful is in line with their desires to learn everything.

No Risk Deposit - If another company provides a proprietary trading opportunity, they may require a "risk deposit." The idea of a risk deposit is that the trader still assumes the risk for an account they trade, but still must split the profit. If a trader using a an Apiary Fund account loses money, they don't have to pay it back. That's why the training and qualification process is so important to getting a funded account. That's also why it's in our best interest to provide the best training possible.

Comprehensive Training - We have around 5 live discussions about the market every week where we teach concepts and answer questions. Each time we teach a concept, the discussion is recorded. As a result, there are around 400 hours of recorded discussions available to learn from. Additionally, we are creating new e-book and video content on a consistent basis so that people from any learning style can learn in an engaging way. We try to provide every bit of information we can so that we produce better traders.

Live Trading Rooms - Each week, people in the Trader Development Program can tune in to literally watch the screens of professional traders as they enter and exit positions. This allows you to learn from the examples of traders with different styles. We don't recommend taking the exact positions they do or even trading exactly like them, because it will be up to you to develop your own style, but it's nice to see people really doing it and get some pointers from the pros.

Partner Program - For select individuals, we offer a partner program where they can work with a specific successful individual on a weekly basis. The partner program is not for everyone. It is a privilege reserved only for a few because of the limited availability of trading professionals. Getting involved in a partner program also has a significant cost associated with it. Those involved in the partner program are able to meet on a weekly basis with a professional, usually over the phone, to discuss their personal trading and get advice regarding their style. The number and frequency of meetings is up to them.

Support Hotline - Our Trader Support department is here to help answer any questions you have about setting up your software, learning, and trading. We do our best to answer phone calls, emails, and forum topics while filling out the Frequently Asked Questions on the site.

Modules - We attempt to make trading as easy to understand as possible by coming up with creative new ways to explain it. One of those unique ways is our modules. Modules are videos and animations that explain concepts with diagrams in their simplest form. We're constantly producing new videos and modules explaining everything from the forex market, to software, to trading systems, to money management.

Crowdsourced Community - We take a crowdsourced approach to investing. One of the most helpful community aspects is that we have a forum where everyone can talk, ask, and answer questions no matter where they're at. You'll find "new-bees" introducing themselves, people sharing their market forecasts, and general advice-giving and hand-holding.

Proprietary Software - There are several custom indicators and expert advisors we provide to our traders through a partnership with the systems and technology entity, Proform Trading. You'll find useful tools like pivot and breakout displays as well as exclusive indicators like price and time cycles. There's also the Proform Robot: a pattern recognition tool that can search for high-probability patterns automatically and suggest trades.

We're not a broker - We train people how to trade and give them money to trade with, but we don't fulfill the transactions ourselves. We don't act as a mediator for trades and we don't make money off the transactions themselves, like a broker does. We also don't accept investments. The money used to allocate to funded traders is not pooled capital, it's just private money. When a trader gets a funded account, we give them a login that they use to trade with. Then, each month on the 20th, whatever money they have made gets withdrawn, and their split of the profits is sent to them.