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Tags: Multi-entry=scalping=manual execution ?
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Multi-entry=scalping=manual execution ?

  • Post #1
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  • First Post: Edited 4:20pm Jun 12, 2008 3:30pm | Edited 4:20pm
  •  yeah
  • | Joined Jan 2007 | Status: Member | 24 Posts
With brokers like IBFX/Oanda u have to enter several times in order to have several positions. For example if u want to have two positions on certain pair (so u could exit twice selling one at 1:1/2:1 R:R and the second one to trail stop for instance) u have to enter at the market two times in a row or set 2 limits at the same price. Now, there were several threads about MT4-plugins and other popular threads about manual execution that brokers do in order to prevent scalping. By entering one position after another with 1 second or less interval your actions can be monitored as scalping, dont u think ? Logically, scalping is when there is an exit after a few pips profit or when there is a short time interval between entry and exit. But who knows how these brokers work, program their platforms and what they think about it..
What do U think about it ? If multi-entry can be a factor for manual execution and slippage I prefer trading one position only and TS it ...
  • Post #2
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  • Jun 12, 2008 4:09pm Jun 12, 2008 4:09pm
  •  FrankTheTank
  • | Joined Jan 2007 | Status: Member | 246 Posts
for that type of trading you are better off trading futures contracts or at least trade an ECN like MBT.
 
 
  • Post #3
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  • Last Post: Jun 12, 2008 4:13pm Jun 12, 2008 4:13pm
  •  Vensik
  • | Joined Apr 2006 | Status: N2PIPN | 544 Posts
I don't have experience, but I know with IBFX and most brokers if you want to have 2 closes... just close a portion of the position each time. If you want to be able to set 2 different stops, limits, or both you will either need 2 positions or an EA capable of closing a portion of 1 position at a certain price.

Doesn't sound too complicated, I'm sure there's an EA around here for that.

Brokers aren't stupid. (well I guess that's relative) If your opening multiple positions to set different limits on each they are not going to flag you as a scalper. If you open multiple positions at 8:31:01 on Non-Farm Friday during the spike and ask to close them all at the same time 5 seconds later. Then you may be flagged.
The basis of a democratic state is liberty. ~ Aristotle
 
 
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