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Which broker should I choose

  • #1
  • First Post: Mar 23, 2009 4:30pm Mar 23, 2009 4:30pm
I am looking for the perfect broker. It has to meet the following criteria

1. metatrader 4
2. Micro account
3. $500 or less to open an account
4. The ea I am going to use has a 9 pip profit. If that is considered scalping the broker should not have a problem with it.
5. It has to be a 4 digit broker because the ea does not work on 5 digit brokers.

Which brokers can you recommend.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #2
  • Mar 24, 2009 6:47am Mar 24, 2009 6:47am
Hi friend
You can try the demo accounts of Avafx and Ibfx. Although the Avafx didn't have MT4 but it has AvaTrader..
rest they have all you need in your broker..
  • #3
  • Mar 24, 2009 6:59am Mar 24, 2009 6:59am
It has to be a 4 digit broker because the ea does not work on 5 digit brokers
-------------------------------------------
if you have the files as .mq4 you can modify it ,it's not difficult!
Have a good day!
  • #4
  • Mar 24, 2009 10:17am Mar 24, 2009 10:17am
Quoting liu2728
It has to be a 4 digit broker because the ea does not work on 5 digit brokers
-------------------------------------------
if you have the files as .mq4 you can modify it ,it's not difficult!
I only have the .ex4 file. It is the shark ea I want to test.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #5
  • Mar 24, 2009 12:07pm Mar 24, 2009 12:07pm
Quoting carl12
Hi friend
You can try the demo accounts of Avafx and Ibfx. Although the Avafx didn't have MT4 but it has AvaTrader..
rest they have all you need in your broker..
1. the EA is not profitable enough with IBFX
2. It has to be mt4
3. Other suggestions?
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #6
  • Mar 26, 2009 4:20am Mar 26, 2009 4:20am
Quoting Gambler180
1. the EA is not profitable enough with IBFX
2. It has to be mt4
3. Other suggestions?
Hi Friend
If you don't consider EA profitable with IBFX you can try Demo with Avafx and use Avatrader, rest all is depends on your choice.
  • #7
  • Mar 26, 2009 8:00am Mar 26, 2009 8:00am
Quoting Gambler180
I am looking for the perfect broker. It has to meet the following criteria

1. metatrader 4
2. Micro account
3. $500 or less to open an account
4. The ea I am going to use has a 9 pip profit. If that is considered scalping the broker should not have a problem with it.
5. It has to be a 4 digit broker because the ea does not work on 5 digit brokers.

Which brokers can you recommend.
You should chose FXCM.
  • #8
  • Mar 26, 2009 8:29am Mar 26, 2009 8:29am
choose a different strategy...
  • #9
  • Mar 27, 2009 8:50am Mar 27, 2009 8:50am
Quoting fry2010
choose a different strategy...
The EA is profitable with all other brokers that I have tested.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #10
  • Mar 27, 2009 10:30am Mar 27, 2009 10:30am
I may be wrong but I guess no microlot mt4 can really scalp well for 9pips.
delay, requote, slippage, t/p & s/l has to be a few pips away from current price.

and mt4 broker do not accept profitable EAs...

for microlot manual scalping you can consider oanda with a mt4 demo... starting with 1$ position and 1pip=0.01cent.
for no scalping, you can try look for mt4 with 3,4 stars on fpa

I have seen your topic and hesitated many times to give any suggestion... you can try read through on fpa I think.

Quoting Gambler180
5 pips spread on EUR/USD.
  • #11
  • Mar 29, 2009 7:48am Mar 29, 2009 7:48am
Just did a broker comparison and thought it could provide alternative discussion:

Question for discussion:

  1. Which 4 brokers would u choose and why? (High leverage and MT4 is not important, execution and reliability is more crucial)
  2. Between fixed 2 pips and variable 1 pip what would u choose and why?
  3. Anyone with GFT can share what are the issue with position settlement statements and how to overcome it?
  4. ECN or MM?
  5. Can anyone help to fill in the blank?

It seems like any 4 of them can be good but want to find the 'best'.

So Activtrades vs GFT vs MB Trading vs Oanda, which one for serious full time trading, and why?

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  • #12
  • Last Post: Apr 1, 2009 12:14am Apr 1, 2009 12:14am
Quoting Gambler180
I am looking for the perfect broker. It has to meet the following criteria

1. metatrader 4
2. Micro account
3. $500 or less to open an account
4. The ea I am going to use has a 9 pip profit. If that is considered scalping the broker should not have a problem with it.
5. It has to be a 4 digit broker because the ea does not work on 5 digit brokers.

Which brokers can you recommend.
hey, man. I got to say your #3 is pretty harsh
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