There used to be monthly contest at FXCM before I entered Forex in 2006. I noticed that Chinese traders were consistently on the Top 5 at FXCM's contest also. Either: 1. Chinese are good traders, 2. or plain lucky 3. Or simply have more traders ...

How brokers may make money out of a contest

Jperna, If you are thinking of the Long GBPJPY on a swap paying broker and hedge it with a SHORT GBPJPY on a swap free broker, you will be in for a surprise! Most Swap free brokers, even if you or the broker (or both) are muslim, they will charge ...

Are there any US brokers that have no swap accounts?

Im not sure if this is already mentioned in this thread but nonetheless, its worth reposting after being buried in tons of posts. EFXgroup just came out with a WEB BASED platform for MBT/EFX clients. Visit url and look at the upper-right corner ...

MB Trading Futures - Introduction

How to win in this game: 1. Open 2 accounts - different names of course 2. Account 1 = Go Long AUDUSD (or NZDUSD) no SL no TP Account 2 = Go Short AUDUSD (or NZDUSD) no SL no TP These pairs tank! make sure both accounts can withstand 400pips ...

How brokers may make money out of a contest

Based on personal experience, I am most definitely sure they have this. I believe ODL was referring to their Institutional Platform not the MT4, because Last time I checked, they dont like scalping on their MT4 platforms. ECN Brokers earn from ...

MT4 Brokers' Virtual Dealer Plug-In

I think you are both right. Disclosure of Liquidity Providers is an agreement between Broker and the Liquidity Provider. If there is agreement of anonymity, then Broker is not allowed to tell us, PERIOD. If we traders dont like this anonymity, then ...

Do Traders have the right to know Brokers' Liquidity provider?

Yes, I did withdrawn from one broker which I use for scalping and will forward that money to my ECN account instead. I still do have active MT4 brokers as of this writing. However, my strategies (EAs) on these are immune to, or can tolerate, to a ...

MT4 Brokers' Virtual Dealer Plug-In

Though I still trade news, news trading ISNT the only skill I have. News trading is what I called "bonus" trades if brokers fill or not. I am a programmer by profession and training and I program MQL scripts for several clients. THAT thread you are ...

MT4 Brokers' Virtual Dealer Plug-In

How fast does FXCM fill people during news? Last time I traded with FXCM, my order made several minutes before a news was filled many minutes after the news!! And they told me, IT GAPPED, and NO ONE IS SELLING.. So it gapped many minutes before the ...

MT4 Brokers' Virtual Dealer Plug-In

Why would brokers spice up (or more accurately, add rotten eggs) their demo servers? Just to scare you away from them? Of course brokers want you to think their server is the best when you do demo with them. There is no requote, no slippage, no ...

MT4 Brokers' Virtual Dealer Plug-In

People think that Trading on Higher time frame such as H1 to D1 makes them immune to the cheats. The 5 Second Delay is just part of the cheat. You should also consider the "slippage" and "false spikes" induced to hunt your stops and kill you for ...

MT4 Brokers' Virtual Dealer Plug-In

Because 95% of the loser traders are trading on rigged platforms. I have come to a realization that all MT4 platforms are rigged in favor of the house. Of course this is just one of the reason and trader's psychology is another HUGE factor.

The reason why 95% of new traders consistantly lose money

Use Global Variables! Write your EA to monitor, in our example, Global Variable "DisableEA"; if your EA detected that this variable is on, then your EA will not trade. Here is how you can add it in your EA: int start() { if ...

EA to shutdown other EAs?

All credits for finding this Plugin document should go to: qtmspin. Good thing phy managed to capture the thread I posted at metaquote (as evidence of their guilt) before they deleted it. I will be writing CFTC (not NFA) about this. I appreciate if ...

MT4 Brokers' Virtual Dealer Plug-In

Because Brokers cheat! — One of the reasons why traders lose money is because brokers cheat the traders. I just come across this piece of document that clearly shows how brokers cheat the game: url BAD PLATFORM FOR BAD TRADERS No ...

The reason why 95% of new traders consistantly lose money

No wonder why I find EA based on MACD crossing is a failure. Its all based on a wrong MACD! I will recode my MACD crossing EA using this "corrected" MACD formulae. Thanks for enlightening me on this issue!

The real macd.. not MT4's

In my 1st year of forex trading, I have tried all sort of EA backtesting them on many kinds of scenarios. Most of them make money.. Did I find the holy grail or something? YET, when I forward test them for a month or so, they all lose! Then i ...

[need help] how to start backtesting ?