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I caution all about interbank fx's platform...I've been consisantly around 40ish pip avrage on eur/jpy and 60ish on
gpb/usd and eur/usd....Interbank fx uses(like other brokers are starting to...) the metaquotes metatrader charts(I've been using them for months as they are FREE...haha and thousands of indicators available)...
Well I need to tell ya'll what happens if you start to beat the brokers(even so-called ECN/stp brokers..)...
I've been using a system which combines trend confirmation segments with my special keltner/bollie squeezes...a 34ema filter and special Ma crosses....I figured some special MA crosses for long/short confirmations and set alerts on them...so most of the stuff is hidden except the squeeze, the trend segments, and the 34ema filter, all one will see is the buy/sell arrows...this took a couple of days to set up and test...a fairly simple and direct system...this was the first test on a paper account(I also trade my live one's simultaneously)..great day 150pips single lots on the gbp/usd....next day 35 pips usd/cad...next 60pips on eur/jp...things went like this on and on..I was prepared for the usual drawdown(as we all will soon get)...and lo and behold after being up 'bout 70 some pips...I decided to set a trailing stop...really why not try to grab a 60pip trade in a coupla hours....well then it happened....
interbank fx(so-called ecn) blocked out all access to the setting of a stop loss....as well as denied access to closing the trade(I had 3 lots up my usual 70ish pips)....keep in mind this wasn't during any news event...I try to look at the lean conservative side of trading(extremely minimal lot/position sizes,...minimal news trading, small margin,...etc)...I am comfortable in knowing that I can get my required 60ish pip daily avg I try not to go over into extremes...well this is just a lesson that even so-called ecn's have their faults...haha
I caution all about interbank fx's platform...I've been consisantly around 40ish pip avrage on eur/jpy and 60ish on
gpb/usd and eur/usd....Interbank fx uses(like other brokers are starting to...) the metaquotes metatrader charts(I've been using them for months as they are FREE...haha and thousands of indicators available)...
Well I need to tell ya'll what happens if you start to beat the brokers(even so-called ECN/stp brokers..)...
I've been using a system which combines trend confirmation segments with my special keltner/bollie squeezes...a 34ema filter and special Ma crosses....I figured some special MA crosses for long/short confirmations and set alerts on them...so most of the stuff is hidden except the squeeze, the trend segments, and the 34ema filter, all one will see is the buy/sell arrows...this took a couple of days to set up and test...a fairly simple and direct system...this was the first test on a paper account(I also trade my live one's simultaneously)..great day 150pips single lots on the gbp/usd....next day 35 pips usd/cad...next 60pips on eur/jp...things went like this on and on..I was prepared for the usual drawdown(as we all will soon get)...and lo and behold after being up 'bout 70 some pips...I decided to set a trailing stop...really why not try to grab a 60pip trade in a coupla hours....well then it happened....
interbank fx(so-called ecn) blocked out all access to the setting of a stop loss....as well as denied access to closing the trade(I had 3 lots up my usual 70ish pips)....keep in mind this wasn't during any news event...I try to look at the lean conservative side of trading(extremely minimal lot/position sizes,...minimal news trading, small margin,...etc)...I am comfortable in knowing that I can get my required 60ish pip daily avg I try not to go over into extremes...well this is just a lesson that even so-called ecn's have their faults...haha