Disliked{quote} what i'm curious is ultimately the rebate must come from someone's pocket and that party (which should be the party that execute our trades) must have a greater benefit than the rebates given. The only source of revenue at the end of line, I can think of is the spread. More volume = more spread profit for them. Even though some of the big volume traders are profitable, the brokers can still earn because they have someone to take the opposite trade and they earn the spreadIgnored
Dislikedcan someone explain how these systems work? I have seen many trading systems that use EA and profit from rebate, but many other systems are using EA and profiting also from trading, though i have no idea how.Ignored
EA opens first two orders - long and short. Assume that the price has gone up. When it will overcome the spread, and profit of order BUY becomes positive, EA will close it and open a new same. And so on. If the price will go down, everything will be exactly the same, but with orders SELL.
As you can see, the idea is really very simple. However, when I started to realize it, it turned out that there are a lot of different nuances. I will not talk about them, because it would take too much space. I can only say that I started working on EA five years ago. For four years EA makes a profit but I'm still improving it.
Dislikedthey open and then close the trade in one second or less, but they open big lots.Ignored
Dislikedi will consider depositing and handing you the account if it is consistent.Ignored
First I want to tell the following.
1. The minimum amount that I take in management, is $ 3,000. However, I understand that it's hard to entrust the stranger such a sum, so I usually propose to start with a $ 300 or $ 400. During a month you will see how everything works. If you're satisfied, then we move on to the $ 3,000 or more.
2. All money at broker will only be on your accounts. I will fully manage these accounts, with one exception: I will not be able to withdraw money.
3. Your part will be 80% of total revenue, and my 20%.
If the above does not scare you, please email me at [email protected] and I will answer your possible questions, and tell you in detail what type of account you need to open.
Dislikedthere are many brokers which give you rebates if you trade above a certain volume per month - the ones I know if you have to minimum trade a few hundred standard lots. The rebates increases if you churn thousands of standard lots. So theoretically if you have a system that only manage to break even, you can pocket the rebates. its not that easy to break even at high volume - remember if you hold overnight you might have to pay swap. Also the money is not much if you don't exceed thousand standard lots- even 1k standard lots is not that great amount...Ignored
I work with a rebate service FxCash.net and (mostly) with broker InstaForex. Payments come twice a day. There is no limit on the minimum trading volume per month. For example, two weeks ago I began to work with a new person. He wished to start with $ 600. He receives $ 2 to $ 9 per day. Certainly, EA does not trade neither thousands nor hundreds standard lots per day.
About swap: you're right. So I use only swap-free accounts (so-called "Islamic").
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