Brokers with automated trailing stops?

Hi there,

do you know any forex brokers who offer automated trailing stops? InterbankFX offers such an important feature but I'm sure there are others.

I know forex.com and gain capital does but they have pretty wide spreads unless you get on gainpro

Dont solely rely on Trailing Stop to protect your profit...

Some brokers have TS but does not execute it properly.

I have an order with FXCM once; it was filled at my price, but the market has moved far away already and yet my TS was not moving... Good thing I saw it and moved my Stop manually before the price reverses for zero loss!

MB Tradings's Trailing stops have worked perfectly so far. I use them about every day.

DITO

Time for you to get a real broker BK

I agree.. but those big boy brokers require large money..

The last time I wired large money (to GFT), the broker had my money hostaged and never listens.. So I now prefer funding via Credit Card.

I am currently contemplating on getting a Currenex via FXCM (propFX). Will this do?

That is a good question BK. I have yet to find a single person that trades Propfx. So you will would be our very own ginny pig.

I put PropFX up next to a prime currenex accout and found that They are adding 1 to 2 pips to the euro spread and about 2 to 3 pips to the pound and Franc spreads. That is a ton of commission. Certainly more than any other Currenex platform I have seen. The observed spreads were typically 2 to 3 pips euro and 4 to 5 on the pound and Franc. This is pretty much like any other retail platform.

On the up side, The execution on the demo was absolutely instantaneous. Now, rather that happens on a real account or not is another story. I don't have a ton of confidence in FXCM's integrity, so, I remain skeptical.

As for wiring money. I feel ya. I have been jerked around with delays and excuses when trying to make withdrawls too. I thought it was just the way it was until I opened an account with MB. When you ask for something done with them it happens right now not later. It shows you just how badly some of these brokers jerk you around. So many brokers made wire transfers sound like a mystical process full of unavoidable delays LOL. I had always thought that in a modern world, an electronic transaction should be as fast as email. When I opened an account with MB I found out that it is.

FXOpportunist,


Do you ever use the Trail Stop order type in MB what would be the difference between that type and Market Trail Stop? I have been using their demo platform for a couple of months and sometimes it is a bit confusing to me with all the different options. I trade with the Fozzy Method (daily candle) and I am trying to come up with a reliable entry/exit strategy.

Thanks

I am not familiar with the Fozzy method so I cannot comment on that but a trail stop is a market order when triggered.

MB has a few pages you can print out that not only describe their order types but actually illustrates their useage. Just go to their website chat and ask them for the links.

FXO