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NFA - "No more Limit or Stop Loss orders"

  • #521
  • Dec 14, 2009 9:29am Dec 14, 2009 9:29am
Quoting ddaytrader
You ain't kidding - it looks like their "non-dealing desk" dealing desk left early for the weekend. All data stopped at 20:59, whereas in the rest of the world I have data for another hour!

What's up, Jason?
Hi ddaytrader,

This was due to a tech issue on the demo.

Jason
  • #522
  • Dec 14, 2009 9:37am Dec 14, 2009 9:37am
So it wouldn't happen if I went live MT4? Or has this tech issue also been seen by live users. I ike using MT4 for charting, and I would like to trade on it with you folks, but your in-house platform seems so much more stable, both with respect to functionalisty and data.
  • #523
  • Dec 14, 2009 10:49am Dec 14, 2009 10:49am
Quoting Pipvalhalla
I just got an email from IBFX and they are opening an office in the UK - they are probably losing tons of clients because of the NFA's BS. I like IBFX so it's great now I can keep an account with them and get away from the NFA's oppression.
Speaking of IBFX, I just got an alert message on my demo platform that they've put hedging back in for demo accounts. The caveat is that they net out the hedged positions every day at the same time that interest is paid. So you can hedge intraday in demo right now.

I tested it out and sure enough I could go both long and short EURUSD.

I assume this is a precursor to implementing it on the live system.
You are in a maze of twisty little passages, all alike.
  • #524
  • Dec 14, 2009 1:50pm Dec 14, 2009 1:50pm
Quoting ddaytrader
So it wouldn't happen if I went live MT4? Or has this tech issue also been seen by live users. I ike using MT4 for charting, and I would like to trade on it with you folks, but your in-house platform seems so much more stable, both with respect to functionalisty and data.
Correct, it did not affect live account charts. See attached screenshot I grabbed from a live account.
Attached Image (click to enlarge)
Click to Enlarge Name: mt4 live chart.jpg Size: 47 KB
  • #525
  • Dec 14, 2009 1:52pm Dec 14, 2009 1:52pm
Quoting Jason Rogers
Correct, it did not affect live account charts. See attached screenshot I grabbed from a live account.

Thanks, Jason. That is good to know.
  • #526
  • Dec 15, 2009 7:37pm Dec 15, 2009 7:37pm
Quoting ddaytrader
So it wouldn't happen if I went live MT4? Or has this tech issue also been seen by live users. I ike using MT4 for charting, and I would like to trade on it with you folks, but your in-house platform seems so much more stable, both with respect to functionalisty and data.
If you do try the live MT4 please let us know how stable it is, as far as the connection it concerned.
  • #527
  • Mar 3, 2010 5:09pm Mar 3, 2010 5:09pm
Quoting wwwin
Well ddaytrader, FXCM is phucking micro accounts owners
I have moved entirely to futures - 6E for the EU, 6B for the GU, 6J for the UJ, 6A for the AU, 6C for the USDCAD, and 6S for the USDCHF - just be aware that certain of the futures trade inversely to the spot pairs. The spreads are fine, and yes, you pay commission, but you do not have to sit there and try to figure where you want to put your stop so you don't get taken out by a fluttering spread.

I hope all forex brokers go belly up and everyone migrates to futures. That is what this is all about anyhow. If you can't beat 'em, join 'em, and in this Obamanation, the chitown exchanges rule the roost.

I am done with FXCM and all spot brokers for ever.
  • #528
  • Mar 3, 2010 5:19pm Mar 3, 2010 5:19pm
Quoting ddaytrader
I am done with FXCM and all spot brokers for ever.
Good for you...also hope all the retail scum baggers really do go out of business...I am not ready to go the futures routes....I am looking into Dukascopy
  • #529
  • Mar 3, 2010 5:50pm Mar 3, 2010 5:50pm
Quoting wwwin
Good for you...also hope all the retail scum baggers really do go out of business...I am not ready to go the futures routes....I am looking into Dukascopy
How f'ing stupid do they think we are? "To prepare for the UPGRADE?"

They only upgrade is to FXCM's bottom line, that is, if many customers stay behind for the account reaming.

You will not catch me with any fx bucket shop again - foreign or domestic.

Trade futures, dude. You will never look back.
  • #530
  • Edited 11:09pm Mar 3, 2010 6:19pm | Edited 11:09pm
Quoting ddaytrader
How f'ing stupid do they think we are? "To prepare for the UPGRADE?"

They only upgrade is to FXCM's bottom line, that is, if many customers stay behind for the account reaming.

You will not catch me with any fx bucket shop again - foreign or domestic.

Trade futures, dude. You will never look back.
I tried futures a couple of years ago and the liquidity was not there for the nonmajors.
  • #531
  • Mar 27, 2010 8:17am Mar 27, 2010 8:17am
Quoting wwwin
I tried futures a couple of years ago and the liquidity was not there for the nonmajors.
You are right - the liquidity is not there for the non-majors. I trade the 6E, 6B, and 6J contracts, which are the EURUSD, GBPUSD, and JPYUSD (trades like an upside down USDJPY). I wish the EURJPY futures contact had more liquidity, but right now it does not have enough to make it worth trading. But good riddance to the bucket shops for me.
  • #532
  • Last Post: Mar 28, 2010 4:02am Mar 28, 2010 4:02am
Quoting ddaytrader
I have moved entirely to futures - 6E for the EU, 6B for the GU, 6J for the UJ, 6A for the AU, 6C for the USDCAD, and 6S for the USDCHF - just be aware that certain of the futures trade inversely to the spot pairs. The spreads are fine, and yes, you pay commission, but you do not have to sit there and try to figure where you want to put your stop so you don't get taken out by a fluttering spread.

I hope all forex brokers go belly up and everyone migrates to futures. That is what this is all about anyhow. If you can't beat 'em, join 'em, and in...
I don't blame you for making the switch to futures. I am thinking of doing the same thing as just getting sick of all the bucketshops. Anyway, the CFTC is intent in giving the bucketshops a fatal blow with their new rules.
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