In this letter they sent: Dear client: First, as a representative of IBFX, I cannot speak for how other brokers like MBT, Currenex, GFT are enforcing the NFA’s new rule that bans hedging. All I can tell you is that IBFX just started enforcing the ...

IBFX

Just get the hell out of IBFX - i did the day they implemented their crappy interpretation of No hedge rule last week. When I called them about it, they made it a point that they did so to prevent hedging in any way imaginable - this means taking ...

No Straddle at IBFX....

For all intents and purposes, this strategy was devised during the times when EURUSD seldom move more than 60 pips a day thus the TP of 40 pips and SL of just 10. Nowaways, we commonly see 150pips daily range; having 40 and 10 will be both too ...

FXTradepro: Strategy using a “Semi-Martingale” Position Sizing

My money on 2 pips fix spread on eurusd! This 0.5 pips spread is a myth seen only during those 90% of the times when you are not trading or not going to take any position. And when you do wanna open a position, the spread is usually 1~3 + ...

Spread Vs. Commission

unless your OS prevents you from running too many applications. there is one variant of vista that allows just 3 applications. maybe you were unlucky, your version allows only 1.

Running multiple EA's

string TimeStart = "22:00"; //10PM string TimeEnd = "10:00"; //10AM of next day string BrokerDate; int _TimeStart,_TimeEnd; //these should be within start() NEVER within init if (TimeCurrent() > _TimeEnd) { //first time this will always be true ...

StrToTime function

ahh thats clear now. try ibfx, they offer nano lot size of $0.01 a pip. but I highly do not recommend them now; they got the no hedge thing way wrong its trader unfriendly. for ECN, MBT used to accept orders in the micro lot ($0.10 a pip); do not ...

Viable ECN for $1000 positions?

But if you really insist on using TimeCurrent(), I suggest this more suitable one: if(TimeCurrent()> StrToTime(TimeToStr(TimeCurrent(), TIME_DATE)+" 10:00") && TimeCurrent() < StrToTime(TimeToStr(TimeCurrent(), TIME_DATE)+" 20:00")) TradingTimes = ...

StrToTime function

People who knows Gambling Theory knows that lowering Leverage is good for the house. In casinos, there is one rule called Minimum Bet and Maximum Bet. the Maximum Bet is usually 10x the Minimum only. Why? This discourages people from doubling up. ...

Leverage reducing begins

Ah.. so you want is a simple method for the EA to trade only within a specific time frame. But to answer your problem. I would do something like this: int TimeShift = TimeCurrent()-TimeLocal(); if(TimeCurrent()-TimeShift > StrToTime("10:00") && ...

StrToTime function

Vague. best is if you can post some codes of what you want to do. I have encountered this string to time conversion problem years ago.

StrToTime function

$1000 position? or $1000 account? These are two different thing. $1000 position is like Long (or Short) 100 lots on EURUSD and you will need about $100K in your account. While $1000 account is more suitable for trading 0.1 Lots on EURUSD. If you are ...

Viable ECN for $1000 positions?

STP for STUPID?

Proposal to phase out Hedging

I heard the rumor it will be dropped to 1:25 max. It is not about protecting traders from over leveraging but rather forcing the traders to put more money to loose. Point is, a loser trader will still be a loser whether he trades 1:500, 1:100 or ...

IBFX

According to IBFX, brokers like MBT, Currenex brokers and GFT will now be deemed NFA non-compliant because these brokers use a SELL to close a BUY and according to IBFX letter, this is deemed illegal.

Proposal to phase out Hedging

Apparently, the IBFX NO HEDGE means You cant make money without losing money as well. ie, in order to make 100%, you need to lose 100% of the account as well. Hmmm.. isnt that called HEDGE too?

Proposal to phase out Hedging

IBFX had this No Hedge wrong. I could not place a BUY STOP and SELL STOP now. I know about the No Hedge thing, I have been trading on ECNs to know this. So tell me, how was the above wrong? I also opened a BUY position and placed a SELL STOP 20 pips ...

Proposal to phase out Hedging

done with long, now short @ 1.3507 tp 60 pips below, sl 30 pips above

EURUSD

Its NFP day - no wonder EURUSD is ranging in a tight 90 pips channel waiting for the news to come out. my prediction, better than expected result -> bullish eurusd.

EURUSD

its superman time for eurusd...

EURUSD