Not real arbitrage, i have an account with FIG FX and used a scalping strategy but they claim it would be arbitrage trading and this would be illegal and so they shut down my account.
Hello does anybody know MT4 Broker which allow arbitrage trading?
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Any of the ECN brokers with MT4 would be fine given your definition of arbitrage trading. ATC Brokers, MB Trading, PFG Best for example. But these days it's rare for any broker to "shut you down" for anything really.
I have an FXDD account (definitely a bucketshop and MT4), and I scalp the heck out of it, never a problem. Of course they aren't ideal for that kind of trading, but just making the point that your experience was probably an exception, not the norm.
I hope so but nevertheless it can happen. And it did happen to me, i had an EA it had many trades and was proftable and FIG FX claimed that it would be an illegal EA.
And another point is that they didn't notify me, they simply shut down my account.
you'll find it's actually very common practice. all in their t&cs as well...the rest of the crap that ECNs say is just marketing hype; contradictory to their actual terms
if they can't model the EA's logic themselves to trade your positions before you get them, they pull the plug on all your practice
you'll find it's actually very common practice. all in their t&cs as well...the rest of the crap that ECNs say is just marketing hype; contradictory to their actual terms
if they can't model the EA's logic themselves to trade your positions before you get them, they pull the plug on all your practice
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I think it used to be quite common, but is pretty rare today. If a broker wants you out, there are plenty of other things they can do to get rid of you rather than just shutting down your account. Like putting you on manual execution for example.
The only instance of this I've heard of recently was about 18 months ago when ODL shut down accounts that were using FAP Turbo. If this was a "very common practice", I'm sure half the threads here would be from people complaining about that. Yes, it can happen, but very common? Not really...
I think you'll find that if successful automated trading was 'very common' then you would find a different picture. Fact is, it is very rare compared to the majority of manual trading which is discussed here
you saying 'half the threads on here would be talking about it' is actually quite worrying if you take the time to understand what you are trying to talk about
I think you'll find that if successful automated trading was 'very common' then you would find a different picture. Fact is, it is very rare compared to the majority of manual trading which is discussed here
you saying 'half the threads on here would be talking about it' is actually quite worrying if you take the time to understand what you are trying to talk about
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Well that is a good point given the vast majority of traders lose money anyway, whether using an EA or manually.
But from a general perspective, 2-3 years ago, I heard of lot of stories from other traders about being kicked out of brokers because they were too profitable, but I rarely hear that nowadays.
As I was saying it's far more common now for brokers to employ other methods to get YOU to leave rather than shutting you down. I guess the principle is the same, it's just the methods are different, as it's "bad press" for a broker to do something as blatant as kicking someone out...
Yeah I agree..a lot of the time these 'ECNs' just hide accountability by saying it wasn't us it was our liquidity providers...
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This my friend is probably more true than not.
The delay between bridge and liquidity can be high enough to cause slippage or failed fills. So in terms it is a fault somewhere.
To be honest, there arent many true ecns out there. And those that are fake, generally seem to be the most popular (because they offer the best conditions, which dont truely exist on an ECN). But the fact remains, if a trader is losing, they will forever blame their broker.
ECN isn't for the faint hearted. I don't suggest anyone go there unless they truely understand ecn conditions and the results of those conditions.
I hope so but nevertheless it can happen. And it did happen to me, i had an EA it had many trades and was proftable and FIG FX claimed that it would be an illegal EA.
And another point is that they didn't notify me, they simply shut down my account.
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There is no such thing as an illegal EA.
All trading styles are quite legal but when you deal with a bucketshop like FigFX, a winning strategy will always be deemed illegal by them.
Find yourself a more reputable broker and one that is either regulated in the U.S. or the U.K and you should be fine.
There is no such thing as an illegal EA.
All trading styles are quite legal but when you deal with a bucketshop like FigFX, a winning strategy will always be deemed illegal by them.
Find yourself a more reputable broker and one that is either regulated in the U.S. or the U.K and you should be fine.
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The problems with US brokers is FIFO and low leverage
Transaction Cost are to high, Excecution to slow, Position Sizing way to unflexible with MT4 etc etc
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I agree. I have myself few arbitrage EA and to be in profit over a long period of time is extremely difficult :sigh : http://www.etorofx.net/images/yim/smilies/sigh.gif
Still if you want to test them, you should look for a broker offering a VPS service, such as Alpari or Exness.
If you aim for the stars- but miss, you still get the moon...
hi friends,
i have very powerful arbitrage ea which is making 1000$ in every 2 hour using only 10 pip stop loss in every trade. risk is only 10 pip and profit factor of this ea is over 90% . incredible ea this is . but the problem is i cant able to use it in live
can any one have better solution to use it in live hiding with broker that we are using arbitrage ea or any other option please suggest me .
