DislikedThis actually sounds interesting.
What about the preconditions again? 6 Quarters of profits and all that?
And why on earth not go with Oanda, IBFX is one of the worst feeds and spreads I have ever seen. Also MT4 trading is VASTLY inferior to the ease and speed of Oanda(been on Oanda for over 6 months and have used MT4 every day for 2 years).
Oanda signup can be done completely via email and you could also go the FXManager route via limited power of attorney to the 1 Quarter "FXManager" for example. Simply providing the login also works fine of course.
Just saying - I wonder if I would even bother if I had to suffer MT4
(I am demoing indices and commodities on a MT4 and it's a frickin' P A I N.)
:
Oh and one thing that I've asked myself since post 1: Where is the excess profit from(How / where etc ;p)?Ignored
Maybe I should have a vote?
I just don't want to be chopping and changing brokers every quarter.
I used oanda a while ago, and yep they are pretty cool.
I'm also thinking it will stop the bloody EA fixation that people seem to have. That will deffo be one of my rules. MANUAL trading only!
(Should sleep on it I suppose)
As for the conditions, I'm reconsidering some of them, like the 6-quarters thing. Personally, this would still be my choice, but seems restrictive to the potential out there. Plus, who dares wins they say.
I don't know. I appreciate helpful input like this though, cheers!
As to our last question
Excess profit, please, I just threw that in for the folks wanting to call me looney!
I trade my own account. I had a good '06, and very good '07. I'm in a position where I can stick 10K somewhere, even if it is in the toilet, and not really feel the hit. I've made some charitable contributions, helped family members, etc. Then...
I had all sorts of ideas, and this one just stuck with me.
Nothing else untowards, I didn't rob a liqour store or anything like that. Just been "robbing" banks for a while.
It has somewhat evolved from where it started, with the 4-way split etc., but this I think will be "more fun". Otherwise I would have just stuck it in a managed account or something.
In a weird way, I kind of want to give something "back" to someone, dunno who, dunno how, just have that urge.
Ever get that?
I don't want to just contribute to forums with my trading plans/methods etc. I needed something fresh, for myself if nothing else.
As far as contributing trading plans, systems, analysis etc. I couldn't match the likes of what is already available on FF, so I have, and probably will refrain.
I'll probably trade along and keep a journal here though {along with my existing one}. See if I can match the batters blow for blow.
Carpe Divitiae