Visual Trader — I really like the VT (Visual Trader) platform. You can do everything right from the chart, no need to fumble around switching to different boxes or windows. You can even modify the price of pending stop and limit orders by ...

Also be careful when choosing a broker that advertises very tight fixed spreads and "guarantees" no slippage. This can be an indication that they are slowing down the price feed and shifting prices in their favor. The "tight spread" and slippage ...

You could also backtest the inverse system and see what the results would be.

Very interesting Mick. When you say 30 pip stop, do you mean a 30 pip stop is attached to each entry order, or do you have a stop-and-reverse at the opposite entries? Example: GBPUSD is at 1.8000 at 11:00 pm ET. Do you place buy stop @8030, with a ...

Forexfan, Excellent post. But can't you accomplish the same result using a stop and reverse entry? As an example, say we are long n lots @ 1.8000. If price drops to 1.7950, go short 3n lots. You have now taken a 50 pip loss and you have a 2n open ...

Knossos might have the answer to your question, but I think the 123 system goes something like this: 1) open a position in the market; 2) place a stop loss order; 3) place a take profit order.

Slick, thank you for walking me through, I apologize for being so dense. Your system sounds great -- unfortunately I cannot yet quit my day job to use it.

Slick, your post left me confused -- exactly how are you using the hedge function that is any different from a stop-and-reverse? When you "pull all the opposite side," is not this the same as reversing your position? Example: EURUSD is at ...

No, the "hedge" feature on FX Solutions and CMS allows you to have two opposite positions open in the same currency pair instrument at the same time, i.e. you can be both long and short EUR/USD, with separate stops and limits attached to each ...

Merlin, If hedging is of no use in the cash spot forex market, why do brokers like FX Solutions and CMS have it as a feature on their platforms?

What you should do is take a screenshot of their charts as they appear now, and send it to them in an e-mail with a complaint stating that your trades were clearly executed in error as demonstrated by the attached chart, and demand that they correct ...

What do you mean, REFCO will not guarantee stops? According to their website: GAURANTEED STOPS AND LIMITS* Unlike most other forex firms, RefcoFX guarantees a fill at the specified price on all stop and other limit orders. By using the guaranteed ...

during normal market conditions you always have people who are trading Huh??? a "quiet" time means that very little activity is going on, i.e. very few people are trading because the market is at an equilbrium point. Large price moves ...

CMC is excellent. CMS also (if they ever get their act together vis too many disconnects)

No, that is just my theory. The reason they cancel trades, restrict entry straddles, etc. in my opinion is because they DO NOT clear thru interbank or match against other customers, but bucket the orders instead, betting against their customers for ...

See my post here: url The FXCM rep appears to be full of sh*t. I think what is REALLY going on is that FXCM/REFCO are bucketing orders instead of clearing thru interbank or matching against other customer orders. On NFP news 6 AUG they got ...

The links are still there. I just clicked and linked to it. sometimes you have to hit the refresh button a couple of times. I recommend every Refco or FXCM customer read these threads -- a Cautionary Tale if there ever was one.

Refco/fxcm: Fraudsters??? — Check out these horror stories from Refco/FXCM customers regarding the NFP on Friday August 6. Evidently, Refco and FXCM CANCELED all profitable trades closed that morning -- 3 hours later! One trader made $94,000 ...

It does seem very suspicious that Refco/FXCM are the only broker who has a "policy" against straddling entry orders before news, and the only broker who shows these unexplained spikes (excuse me, a "misquote" yeah right) as news is released. Has ...

I have never experienced any slippage with either one. I think that CMS has the best trading and charting platform (read: FREE to all customers) by far; everything is done visually right on the charts. You can move entries, stops and limits by ...