Forex (EUR/USD)

[Good-Carbuyer]

Nope all EA can works with lot size setting example : Fix Lot or calculated depending on your fund in the account and ofcoz the market situation that the lot is use. (Only Applies If You Have It Activated)

Some websites are selling EA or robotised trading systems. How to know which one can work on which currency pairs, when they did not mention the parameters? Seems some forex platform not quite compatible with Microsoft Windows 7.

[Good-Carbuyer]

yes alot of it is on good foresight....it is extremely profitable if done correctly

Do you mean currencies coorelation? Only seen on Oanda website

[S7rik3R]

Some websites are selling EA or robotised trading systems. How to know which one can work on which currency pairs, when they did not mention the parameters? Seems some forex platform not quite compatible with Microsoft Windows 7.

 

 

You shouldn't have problems running MT4 on win7 if not check with ur broker on the MT4 patch they are currently running on. (<< Mostly are fully automatic) and as u mention on the EA system, the website should shows a sample of the running results... and once u purchase the EA robot, the broker site will automatically have a member page for u to download once ur purchase is made. In the member column, u can download the EA and also they will tells u the setting to make and pairs to runs on under which timeframe.

 

But of cause no EA gives u 100% winnings... The highest I saw was 98% winnings rate but ofcoz must see market situation as well.

[S7rik3R]

EA are develop for idiot proof. This is how the rich becomes richer with their huge capital running.

And for traders like us trading under 5.0Lot are small consider small fish.

 

I think you will be shock of their daily profits with the lots they are in. The average highest traders can easily make 500-800K USD daily. That's why Forex is known as "Trillion Dollars Market".

 

Just do a simple calculations for small traders like us :- 1.0Lot x 1000pip x 03 pairs = USD 30,000K/mth

[Perrier]

You just turn full-time issit? so free to post here.

 

[S7rik3R]

You just turn full-time issit? so free to post here.

 

You mean Me? Yup I'm a FT Trader.

[Good-Carbuyer]

You shouldn't have problems running MT4 on win7 if not check with ur broker on the MT4 patch they are currently running on. (<< Mostly are fully automatic) and as u mention on the EA system, the website should shows a sample of the running results... and once u purchase the EA robot, the broker site will automatically have a member page for u to download once ur purchase is made. In the member column, u can download the EA and also they will tells u the setting to make and pairs to runs on under which timeframe.

 

But of cause no EA gives u 100% winnings... The highest I saw was 98% winnings rate but ofcoz must see market situation as well.

Among the local based brokers, only iOCBCfx list Win7 among compatible operating systems for their product. But news or trainling stop order available? Anyone got review to share of Phillips' FX365 recently? I believe if you are doing like 5 standard lots each trade, you may want to check on some ECN brokers instead (was told minimium requirement some years ago).

[S7rik3R]

Among the local based brokers, only iOCBCfx list Win7 among compatible operating systems for their product. But news or trainling stop order available? Anyone got review to share of Phillips' FX365 recently? I believe if you are doing like 5 standard lots each trade, you may want to check on some ECN brokers instead (was told minimium requirement some years ago).

 

I don't use local brokers because of a reason cause just worried that the regulation in my mind might just happen anytime for local brokers. ECN account have zero spreads but they draws commission on standard lot.

 

There are pros and cons on it. Have u heard of broker spikes? If u are running 3 monitors on different brokers u will understand what I mean by that.

 

GFT, Philips Capital, Saxobank and so on ... but have anyone discover the Broker Spikes and check with ur broker on automated dealing desk and execution time for each trade.

 

[Good-Carbuyer]

I don't use local brokers because of a reason cause just worried that the regulation in my mind might just happen anytime for local brokers. ECN account have zero spreads but they draws commission on standard lot.

 

There are pros and cons on it. Have u heard of broker spikes? If u are running 3 monitors on different brokers u will understand what I mean by that.

 

GFT, Philips Capital, Saxobank and so on ... but have anyone discover the Broker Spikes and check with ur broker on automated dealing desk and execution time for each trade.

Ever heard some complaints about SAXO (Singapore), Oanda (Singapore) here. Many complaints overseas about SAXO, IG, FXCM...

Any local based ECN brokers to recommend (GFT PRIME only for corporate/institutional clients)? I do not mind ECN commission on standard lot if I can make money. The main complaints I heard about market makers are slippages and screen-frozen if you make money regularly. Otherwise they charge you high for funds withdrawals and make it not quite profitable. It seems many/all local-based market-makers are pro-mini/micro lots trading (only iOCBCfx got USD100k demo/practice account).

[Chemmie78]

EA are develop for idiot proof. This is how the rich becomes richer with their huge capital running.

And for traders like us trading under 5.0Lot are small consider small fish.

 

I think you will be shock of their daily profits with the lots they are in. The average highest traders can easily make 500-800K USD daily. That's why Forex is known as "Trillion Dollars Market".

 

Just do a simple calculations for small traders like us :- 1.0Lot x 1000pip x 03 pairs = USD 30,000K/mth

 

Sounds good but I can never find enuff consistency to be making pips consistency....make lose make lose always back to square one....

[S7rik3R]

Ever heard some complaints about SAXO (Singapore), Oanda (Singapore) here. Many complaints overseas about SAXO, IG, FXCM...

Any local based ECN brokers to recommend (GFT PRIME only for corporate/institutional clients)? I do not mind ECN commission on standard lot if I can make money. The main complaints I heard about market makers are slippages and screen-frozen if you make money regularly. Otherwise they charge you high for funds withdrawals and make it not quite profitable. It seems many/all local-based market-makers are pro-mini/micro lots trading (only iOCBCfx got USD100k demo/practice account).

 

Saxobank send me an invitation to test on their platform but after testing I rejected the offer to open an account with them.

 

So i still prefer oversea fx brokers cause there are still good ones out there.

[S7rik3R]

Sounds good but I can never find enuff consistency to be making pips consistency....make lose make lose always back to square one....

 

 

Did u realise that ur losing is on which pair mostly? and where is ur point of entry? Coz many traders mistakes are "They Always Makes The Same Mistakes".

 

If u realise that's always the mistake, throw that method away and finds a new method that works "On The Pair" and adapt the method to that pair. Cause same theory may not works on other pairs.

[Good-Carbuyer]

Sounds good but I can never find enuff consistency to be making pips consistency....make lose make lose always back to square one....

Can share how it happened?

[Good-Carbuyer]

Saxobank send me an invitation to test on their platform but after testing I rejected the offer to open an account with them.

 

So i still prefer oversea fx brokers cause there are still good ones out there.

Some months ago, read of a petition in Ireland to close down SAXOBank for whatever they did there. First attmept to try them, the Demo platform hang (incompatible with previous Desktop operating system). Never keen enough for another attempt at their Demo.

[Good-Carbuyer]

Saxobank send me an invitation to test on their platform but after testing I rejected the offer to open an account with them.

 

So i still prefer oversea fx brokers cause there are still good ones out there.

Some months ago, read of a petition in Ireland to close down SAXOBank for whatever they did there. First attmept to try them, the Demo platform hang (incompatible with previous Desktop operating system). Never keen enough for another attempt at their Demo.

[Good-Carbuyer]

Saxobank send me an invitation to test on their platform but after testing I rejected the offer to open an account with them.

 

So i still prefer oversea fx brokers cause there are still good ones out there.

Their platform hang after downloading when I tried the Demo sometimes back. Never keen enough to try again. Some oversea broker like Oanda may not hold your funds under separate trustee accounts (utilised as their operating capital/assets).

[Good-Carbuyer]

Did u realise that ur losing is on which pair mostly? and where is ur point of entry? Coz many traders mistakes are "They Always Makes The Same Mistakes".

 

If u realise that's always the mistake, throw that method away and finds a new method that works "On The Pair" and adapt the method to that pair. Cause same theory may not works on other pairs.

Normal for market-makers to discourage us from venturing into non major pairs. Easier for them to focus on dealing with us with minimum cost/staff (one reason easier for us to loose when trading after a while). They configured counter-measures as the counter-party trading against us. Most/all against scalping/robotised trading.

[Chemmie78]

Can share how it happened?

 

for example my rule is always tp at 60pips and sl at 30pips.....first trade made, 2nd and 3rd lose, and somehow in this sequence....means my success rate is 33.33% ....I don't lose money but I don't make either...so after a while it gets really boring for me...but at least with this risk mgt ratio...I will not go bankrupt or lose 50K like my fren