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Looking for Nanolot brokers

  • #1
  • First Post: Oct 19, 2009 10:56am Oct 19, 2009 10:56am
Dear all,

I'm planning to run some Martingale EAs, so i'm looking for nanolot(1cent/pip) brokers ,

Please advise as i'm planning to go live in this broker with some serious $$$ ,

some of considerations:
- must be nanolots (1cent/pip)
- allowed hedging
- tight spread . (EURUSD)
- fast executions (no frequent requote, etc etc)

Good to have features:
- bonus deposit
- rebate of pips (if got IB ... ...)

Some brokers that i knew:
- IBFX (spread is bad, always requote, my last EA was killed by this broker)
- Alpari UK (limitation of 2 standard lot in nanolot account)
- gomarketaus (???)
- ikofx (dunno, seems new)
- Fxopen (seems quite bad from google review seach)



Please advise, thanks alot in advance.



Thanks,
Paogeh
  • #2
  • Oct 19, 2009 11:52am Oct 19, 2009 11:52am
Serious $$ and you want to trade nanolots??? What's the point?
  • #3
  • Oct 19, 2009 3:13pm Oct 19, 2009 3:13pm
Quoting KarateMan
Serious $$ and you want to trade nanolots??? What's the point?
Because he wants to Martingale... so with nanolots he'll bust slower
  • #4
  • Oct 19, 2009 10:04pm Oct 19, 2009 10:04pm
Quoting paogeh
Dear all,

I'm planning to run some Martingale EAs, so i'm looking for nanolot(1cent/pip) brokers ,

Please advise as i'm planning to go live in this broker with some serious $$$ ,

some of considerations:
- must be nanolots (1cent/pip)
- allowed hedging
- tight spread . (EURUSD)
- fast executions (no frequent requote, etc etc)

Good to have features:
- bonus deposit
- rebate of pips (if got IB ... ...)

Some brokers that i knew:
- IBFX (spread is bad, always requote, my last EA was killed by this broker)
- Alpari UK (limitation of 2 standard...
I would say GoMarkets is your best bet for what u want.....
  • #5
  • Oct 20, 2009 8:32am Oct 20, 2009 8:32am
Quoting >Apocalypto<
I would say GoMarkets is your best bet for what u want.....
yup, this is what i think too . Thanks


Quoting jagui
Because he wants to Martingale... so with nanolots he'll bust slower
ya, i know that's the curse of Martingale....
well, if u know what u're doing, it should be fine.
Every strategy have it's strength and weakness.

This was what i posted in other forums:
This is just my observation/opinion:
- Seems every strategies have their strength/weakness, for all strategies that used indicator, it's just a matter of time market sentiment changed and the indicator might not be effective.
- With above statement is true, only a few strategy that can be used throughout time : one of them is Without indicator.
- Without Indicator , there;s only 3 i knew (feel free to add more, i want to learn) : Martingale , Grid, Breakout
- For breakout, since usually used High/Low of the day, so not necessary EA.And even then, there are many fake breakout, so hit SL is quite frequent. But again, in the long run still profitable.
- For Grid + Martingale worked best in range market. When market trend in one strong direction, it would usually kill these 2. And these 2 need large account to sustain high DD.
- For Grid, need to painfully kill many "hanging" trades to reduce DD, which might wipe out the entire week/months profit or wait for the market to return, which sometime never.
-For Martingale, for the DD, just need "enough" retracement to hit TP, and everything restart again .
- With these knowledge, I would prefer Martingale, thats why i'm posting here for more questions . With these, I hope we can share can learn more. Please correct me anything that i understood wrongly .
  • #6
  • Oct 20, 2009 9:19am Oct 20, 2009 9:19am
Quoting paogeh

- With these knowledge, I would prefer Martingale, thats why i'm posting here for more questions . With these, I hope we can share can learn more. Please correct me anything that i understood wrongly .
I am with you on this one.
Experts say that 85% traders fail anyway..why not go down martingale way..
I too trade martingale along with manual trading.

FxOpen is no good.
One more broker is forex4you.
"Put all your efforts in becoming effortless"
  • #7
  • Oct 20, 2009 9:39am Oct 20, 2009 9:39am
I Do not know.... what makes FxPro to not allow nanolots to be traded... it would be the best of Mt4 brokers i think ...then (Non ECN)

This may help you Paogeh. Already asked.
http://www.forexfactory.com/showthread.php?t=196493
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #8
  • Oct 20, 2009 9:39am Oct 20, 2009 9:39am
Martingale is nonsense, but anyway, this one has nanolots

http://www.masterforex.org/
/ ... clarifying decisions ... /
  • #9
  • Oct 20, 2009 9:57am Oct 20, 2009 9:57am
Interbankfx is currently offering a free $50 mini (nano?) account.
  • #10
  • Oct 20, 2009 11:03am Oct 20, 2009 11:03am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting walb99
Martingale is nonsense, but anyway, this one has nanolots

http://www.masterforex.org/



"Martingale is nonsense,.."

its not, but only true when coded as full adaptive one than you dont even need micro/nano lot broker

http://www.myfxbook.com/portfolio/trend2multiok/3311

https://www.myfxbook.com/portfolio/pcmax8multi/3400
  • #11
  • Oct 20, 2009 11:16am Oct 20, 2009 11:16am
Quoting onu
"Martingale is nonsense,.."

its not, but only true when coded as full adaptive one than you dont even need micro/nano lot broker

http://www.myfxbook.com/portfolio/trend2multiok/3311

https://www.myfxbook.com/portfolio/pcmax8multi/3400
Impressive.

Any clue about your system?
"Put all your efforts in becoming effortless"
  • #12
  • Oct 20, 2009 12:23pm Oct 20, 2009 12:23pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
yeah, its the result of 3 years of hard working together with friends. No pain, no gain!

Since on multi pair systems are no backtest possible, these are just forward tests to find out the required initial capital to trade these EA beauties
  • #13
  • Oct 20, 2009 2:14pm Oct 20, 2009 2:14pm
3 years and still demo trading it? Why don't you start trading it for real?
  • #14
  • Oct 20, 2009 2:52pm Oct 20, 2009 2:52pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting wilkinson
3 years and still demo trading it? Why don't you start trading it for real?

re-read my post
  • #15
  • Oct 20, 2009 3:21pm Oct 20, 2009 3:21pm
Quoting onu
"Martingale is nonsense,.."

its not, but only true when coded as full adaptive one than you dont even need micro/nano lot broker

http://www.myfxbook.com/portfolio/trend2multiok/3311

https://www.myfxbook.com/portfolio/pcmax8multi/3400
I agree. Martingale is a valid strategy but it requires very careful rules and usage. Traditional 2X Marty is a sure way to go broke fast but with the proper rules and risk observance it CAN be used successfully. Properly managed martingale can be no more risky than traditional strategies. Some only allow a limited number of doubles, some adjust pips spacing via market reads, some use non-standard multiples - 1,1,3,5,... - It all depends on the approach. I've seen it work wonderfully and also fail miserably when misused.
  • #16
  • Oct 20, 2009 6:42pm Oct 20, 2009 6:42pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
exactly

ordinary exponential marty is a fatal trap

advanced adaptive marty approach is a blessing when it comes to automated trading
  • #17
  • Last Post: Nov 21, 2009 10:39am Nov 21, 2009 10:39am
after browsing some more brokers, it seems that some broker define that micro account which is 10cent per pip, also have 1cent per pip 1/10 micro lot .....example FxOpen .


do u guys know any of those brokers ?

I gave up on GoAUS, as their customer service doesn;t seem interested in new client. (i asked many question, but some of them no reply/answer. )


- may be i'll continue with Alpari UK micro account, but setup multiple micro accounts. But their spread doesn;t seem to be the best. May be their IB rebate might be helpful . Anyone know how to become their IB (to get revate) ?
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