Wouldn't your stops and takes be just as disguised if they were stored in the EA itself until the order was made? Same issue with slippage but the broker doesn't actually see the code of the EA a trader is running, do they?
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Dislikedthink about what you all are saying... in any type of trading stops tend to build up at certain levels. no matter how origninal you think you are there is a really good chance that wherever you place your stops is pretty close to where everyone else has theirs.
Now whether you are in forex or futures or stocks somebody is going to be vulnerable with all those stops at a certain level. In exchange traded instruments locals or major players will make an effort to run the market up or down to knock out those stops to protect themselves. In forex it is no different, when these orders begin to build up a market maker will look to knock out those orders because they are at a huge risk,
Brokers will nevergo after just one account. its not worth it. but you probably arent the only one with stops at a certain level and as they build up the odds of an artificail move are more likely.
Now if you think about trading as a big game how can you take advantage of that?Ignored
DislikedPlease don't utter the trash. It seems that the IBs are raising their voice suddenly after a brief period of silence. Don't you morons know that there remains this plug-in and what and how it works? My friend at FXDD lost money due to a sudden stupid quote which appears impossible - well, brokers can manipulate and they do sometimes albeit not always. They are greedy, too much greedy. Stop haunting, gap widening etc are regular features. Just a few years ago, the spreads were not widening - same software but the brokers have changed due to extreme greed. Why shout unnecessarily - we have to co-exist but I hate damn lies. That's the main reason you'll see many people have moved out of spot fx in recent times. It's true that some of the brokers are relatively good and that's a fact. Can you explain why the star performing EAs of demo definitely fail at live if the brokers really allow entry in to the REAL interbank market? Another of my trader friend moved out of fx and trading now with a exchange regulated market with the same startegies and been getting very impressive results but she has been steadily losing money in spot fx. I solely blame the brokers - of course I agree it takes time to feel the market.
- SukhenIgnored
DislikedHere we go again...lol. Well your friend lost money to FXDD, another friend also lost money to another broker. What about you? Do you trade? Have you ever tried checking it out for yourself what the reality is? Most retailer "traders" lose money consistently in trading...not just forex but all forms of trading. As for "star performing EA's ", I expressed my opinion here.Ignored
Dislikedi dont think that all brokers are scum in fact some are very good. the reality is that execution is ALWAYS going to be different between a demo and a live account if the broker is doing it the RIGHT way. Markets are Fickle and you cannot always get filled at the price you want especially if you are trading in fast markets or with large volume. its just the way it is. read any trading book and you will see for yourself.
Take for instance "reminicences of a stock operator" the main character cant get the fills that he wants when he moves from the bucket shop or the big time.
Read any chapter of "new Market Wizards" and you will listen to these Millionaire CTA talk about getting good fills and they dont even use brokers they get things right from the source.
What i'm saying is dont think that because you've traded on a retail platform for a couple years you know everything there is to know about the market or brokers. some times you have to adjust to the conditions that the markets and sometimes you have to adjust to your brokerIgnored
DislikedTo be honest, I think metatrader is not really meant for professional trading, its just a toy for newbies to get acquainted with trading (and free charting ).
Trading is supposed to be in an environment where you can see the liquidity in level 2 and your orders get filled from the liquidity that you see. And I would not even think of using an EA in an environment where I am in the dark as in metatrader. If I were to use an EA, I would code one in Java or C++ and use it with an ECN offering API. I trade with an ECN manually and never had any problems. I believe that most of the people blaming brokers for detecting EA's and stop hunting, do not know how the market works.Ignored
Dislikedhttp://www.pfxglobal.com/index.php?o...179&Itemid=164
Make sure you watch the video on the bottom....Ignored
DislikedThis is to the Mods: I'm not sure where to complain or comment but I am tired of coming to threads time and time again to find information about a subject that I am interested with and all I can find is posts after post from Hi-jackers about some other issue. It seems some posters spend all their time on here bad mouthing other posters and the whole thing is tiresome and childish.
I am not a frequent poster however I have enjoyed coming here over the years to find information on subjects that interest me. A thread begins and denigrates to some sort of pixxxng match which only the bystanders get wet.
And to the pixxxers don’t bother slamming me I will not respond.
Ignored
Disliked"Thank you so much" for your "interesting" post(s) .Your "contribution" to this forum was "huge".
I can't wait to read your 16th postIgnored