Socialtrader, if I lived in USA and had the financial power, I would take action, for sure. At least in the sense that they let us close voluntarily our pending orders before we fly away.. .

Proposal to phase out Hedging

Thank you Toothman for the good news. I hope they let us close ALL our pending orders by ourselves before they close the door.

Proposal to phase out Hedging

Hi auxesis and ukmanthailan, Maybe you are right in your understanding of first in first out. We will see in a few weeks. Good trading.

Technical Analysis Fallacy

Scouts will always be killed forcedly if this goes into efffect. "First in first out" will disrupt attacks and rescues. I think they are aiming at much more than this. All martingales and grids will be disrupted by this rule too.

Technical Analysis Fallacy

In US based brokers TAF rescues will be impossible with the new rule.

Technical Analysis Fallacy

Let's say this: Buy #1 @ 1.3140 Buy #2 @ 1.3100 Price bounces back to 1.3115 You want to close Buy #2 for 15 pips profit (disregarding spread for simplicity) and hold Buy #1 You can't! Your broker will be forced to close your Buy #1 first for 25 ...

Proposal to phase out Hedging

That's great! I had decided to move my account to Alpari but didn't know their position about the matter. Thank you for informing.

Proposal to phase out Hedging

You can read more about this news in these links: http://www.nfa.futures.org/news/news...ArticleID=2273 url The most ridiculous piece of crap I have seen since I started trading.

Technical Analysis Fallacy

Averaging and martingaling will be affected by the "first in first out" rule. I think people should go to court to stop this insanity (or dishonesty?) and have the right to trade the way they like. Or simpler yet, move funds away.

Proposal to phase out Hedging

The first in first out rule may interfere. I think people should go to court to stop this insanity (or dishonesty?) from NFA/CFTC. Read the NFA reasoning. They seem (or pretend) not to have a clue as to what real trading is about. Are these people ...

CFTC + NFA: End Of Hedging?

First in first out will disrupt a wide array of strategies, including rescues (basic rescue is last in first out, isn't it?). Many players use cost averaging. I think people should go to court to stop this insanity (or dishonesty?). Or move funds ...

Technical Analysis Fallacy

Hi Green_David, Your example was great. You are right. The result is the same. The difference (for me and my procedures) is just this: it is much simpler to "hedge". Have you ever tried to code this maneuver? Have you ever wondered the intricacies ...

Technical Analysis Fallacy

OK, I followed your link and then the email address below. To contact the NFA with your comments and thoughts on these new rulings: Edward Dasso, Managing Director, Compliance ([email protected] or 312-781-1551) Then I clicked Mr. Dasso's link ...

Proposal to phase out Hedging

I don't know if there will be a significant move. Probably not. This is only my personal choice. I don't like the new rules imposed by the NFA/CFTC. Compliance rule (a) is not that good, too. It still lets room for the brokers to charge their ...

Technical Analysis Fallacy

I am moving to Alpari-UK. NFA, pass tomorrow...!

Technical Analysis Fallacy

I am moving to Alpari-UK. They have 0.01 standard lots now..

Proposal to phase out Hedging

Hi pt49, Now that CFTC has approved the wile, aren't all US based brokers (including non-NFA ones) forced to comply?

Proposal to phase out Hedging

This delusional accounting practice doubled my account in 4 months. After that I took a big hit (the system has a weak side, as all have). But I managed to save the account, using guess what? "Hedging". Taking more of my own poison. It is good that ...

Proposal to phase out Hedging

That is exactly why forex is an extraordinary market. It is outlawed because you can make tons of money out of it. It explores volatility. Volatility moves 1000 points while a trend moves 1. What is the nightmare of all trend followers? Volatility. ...

Proposal to phase out Hedging

Yes, you are right. There is extra cost for simplicity (depending on the modus operandi. For others there may be extra complexity). If I had enough time, I would ban "hedging" from my own EA. It will take months to recode and the logic is more ...

Proposal to phase out Hedging