Here is another one that got it right while FXCM persists in implementing trader restrictions. From FX Solutions: Placing Stops and Limits. The NFA rule does not permit the attaching of stops and/or limits to an individual trade as is currently ...

NFA - "No more Limit or Stop Loss orders"

Well, I had not quite realized the extent to which FXCM's new trader restrictions will handcuff me to the screen. When I enter a position, I enter on a stop. I have attached to that order a stop loss and a profit limit. At first I thought "Well, now ...

NFA - "No more Limit or Stop Loss orders"

And, just to remind everyone - From FXCM: The National Futures Association (NFA), our industry's self regulatory organization in the United States, has informed all Forex Dealer Members, which includes FXCM, that it has adopted new Compliance Rule ...

NFA - "No more Limit or Stop Loss orders"

CMS Forex: Fifo-Related Changes Made to VT Trader 2.0 Dear Valued Trader, CMS Forex would like to inform you of upcoming changes to be made to the VT Trader 2.0 platform in accordance with NFA Compliance Rule 2-43(b). Beginning July 31st, positions ...

NFA - "No more Limit or Stop Loss orders"

from GFT: GFT: Get the Facts image Due to the new rule enacted by the National Futures Association (NFA), some dealers will no longer be able to offer stop-loss and limit orders until they comply with the new FIFO matching rules. Here are the ...

NFA - "No more Limit or Stop Loss orders"

from Trade View FX: Dear Tradeview Clients: As many of you are aware, this Friday July 31st, NFA Rule 2-43 becomes effective for all US based FDM’s and clients. Starting with Trade date Monday August 3rd, all positions will be closed on a First In, ...

NFA - "No more Limit or Stop Loss orders"

from Alpari(US): Alpari (US) is in full compliance with the new NFA Rule 2-43 (b), which requires orders be executed on a First In, First Out (FIFO) basis when multiple positions are held in the same currency pair. This means that the position which ...

NFA - "No more Limit or Stop Loss orders"

Rastaman, I would love for Sonic himself to give us his opinion on this as well. I see what you mean when you say we have the L-H-HL-HH. But these where individual bars making these H-HL-HH's, and together, in my opinion, those bars formed one wave. ...

Sonic R. System

From IBFX: " 'Certain US competitors have decided that their solution to the new FIFO rules are to move their customers overseas, rather than being compliant," said Todd Crosland, Chairman and President of Interbank FX. "At Interbank FX, we have ...

NFA - "No more Limit or Stop Loss orders"

T-0 and counting ... Looks like FXCM has decided to respond with a deafening silence.

NFA - "No more Limit or Stop Loss orders"

Hi Rastaman, I was not trading on Friday, but I commented in a post somewhere above that I did not see any wave action on the GU that would have constituted a SonicR entry. 99.9% of my trades are now SonicR entries. The other 0.01% are similar to ...

Sonic R. System

I hate to sound like a broken record, but again, I have to agree with Basber. Of course, you are your own person, and you will, and ought to decide for yourself how you are going to proceed. But, I bounced from system to system and from indicator to ...

Sonic R. System

I agree with Basber. I see nothing on the GU that would have led me to get long for the rocket ride. This is in hindsight as I was off from trading today. I see SonicR entries long EU, long EJ, long GJ (but not as clean as the EJ), and short on the ...

Sonic R. System

Just remember though - if you get your stop to breakeven too soon, it will take out not only the stress, but the profits too! You need to wait for a 15 minute swing point or you risk getting stopped too soon. Good Luck, ddaytrader

Sonic R. System

Excellent reminder. That is the key - Thank you Basber! I'll be off for a few days of rest, so I will catch up with you next week. Good Luck, Sonikers!

Sonic R. System

Asia has been good for me since February. During Asia, I do move my stops to BE as quickly as it makes sense to do so, however.

Sonic R. System

Exactly. A business decison has been made that FXCM, presumably, anticipates will add value to their business. This is not a technology issue. This is a business issue.

NFA - "No more Limit or Stop Loss orders"

Well, I tried out the Forex.com trade station last night, and placed a trade in the demo account using forex.com's "if ... then OCO" functionality. I took a screen shot of the opening and closing transactions (I needed two screenshots because ...

NFA - "No more Limit or Stop Loss orders"

oco provides the same functionality as oco's. I imagine that a trader who enters with market orders while staring at the screen will not miss much. But anyone who enters positions based on stop or limit orders and who protects that position, as well ...

NFA - "No more Limit or Stop Loss orders"

Right now I'd guess it is number 1, because in looking around, there are a number of US based forex dealers looking to capitalize on FXCM's decision to remove auto stops/limits. I downloaded forex.com's platform, and it nicely allows for oco, if ... ...

NFA - "No more Limit or Stop Loss orders"