Alpari.co.uk Discussion

Expert Advisor Builder

Hi everyone,

In the past, the creation of EAs on MT4 were generally confined to developers that have an understanding of MQL4 code. However, with the Alpari EA Builder you do not need to know coding language. It allows you to design, create and use your own EAs within user-friendly, graphical software. This service is completely free of charge for Live account holders on the MT4 platform.

Key features

1. Develop your own EA in your own time, using your own ideas
2. Avoid the need to learn coding, allowing you to focus on your trading strategies
3. Simple design provides user-friendly experience
4. Choose from over 30 indicators
5. Use of multiple indicators allows EAs to be as simple or complex as required
6. Free for all Alpari UK Live account clients

http://www.alpari.co.uk/media/175171...der_screen.png

Start building your own MT4 EAs

To download and access our EA Builder, free for Live account holders, log into MyAlpari.

If you do not have trading account apply for a live account now.

No coding required

Not everyone knows how to code an Expert Advisor and now you don't need to. The Alpari EA Builder is based on a visual environment rather than the traditional, time-consuming coding process. It allows you to create Expert Advisors without writing any code.

Easy to use

Your time is precious. Instead of focusing on learning programming languages like MQL4, just focus on your trading ideas and execute them with the EA Builder

Create EAs to provide bespoke alerts via MT4

Now you can create alert-based Expert Advisors without needing to place a trade. With minimum effort, your Expert Advisor can be turned from one which places trades to one which creates forex signals.

Easy to understand

Learning to make your own EAs is simple. The EA Builder provides commonsense visual tools, allowing anyone to build and understand a trading diagram in minutes.

Trade idea privacy

Keep your trading ideas to yourself. No need to share your knowledge with programmers.

Saves time

The ability to avoid getting caught up in complex coding allows you to concentrate on your trade strategies.

Free to Live account clients

The EA Builder is free to Live account holders.


Alex

________
Alexander Chadwick
Alpari (UK) Representative

I did a crappy trade last night, minutes before a news release during the Asian session and price went through my stop...doubling my loss.

An Alpari rep emailed me saying they will refund my lost trade; kudos Alapri UK, you set the bar high for other brokers to follow

Thank you.

Thanks for the wonderful feedback FiatFap!

________
Alexander Chadwick
Alpari (UK) Representative

Hey alex,

I want to ask if there any possibility that Alpari UK provide PAMM account?

Hello Alex

I'm interested to open real account with your company
Wherein I can see the real-time spreads for Alpari UK?

Hi Kevin,

Welcome to the forum

We don't offer a PAMM account at this moment, however we do offer MetaTrader 4 MultiTerminal.

Key features:

1. Manage 100 MT4 accounts and more
2. Perform trade operations based on predefined order allocations
3. Receive quotes and news updates (online mode)
4. Control and handle open positions and pending orders
5. Execute multiple order types, including Market Order, Pending Order and Take Profit

You can download the MultiTerminal free of charge and log in using your MT4 Demo or Live account login details.

Ich wünsche einen schönen Tag!


Alex

________
Alexander Chadwick
Alpari (UK) Representative

Hi Saveinves,

The best way to check our spreads is to open a free demo account.

You'll also be able to:

1. Try out our platforms
2. Trade risk-free with virtual money
3. Develop your trading strategies
4. Trade forex, precious metals and CFDs
5. Spread bet on MT4 (available in UK and Ireland)
6. Get connected with Alpari's social trading community

Alex

________
Alexander Chadwick
Alpari (UK) Representative

Good broker !

Hi Mandragor,


Welcome to the forum

Your comment is appreciated.


Alex


________

Alexander Chadwick

Alpari (UK) Representative

http://www.forexfactory.com/showthre...40#post7144840

You are happy to discuss with me about the slippage and requotes, but I'm NOT.
I prefer agency model, and not setting slippage and requotes.

I don't want to discuss about slippage, requotes......and I don't want to make an advertisement for a broker. Only what i wan't to say, my broker has a ultra-fast execution and works very well without ANY problems.

There are two standard ways to execute trading orders: “Fill or Kill” or “Fill or Fill”. The vast majority of Market Makers do not enable “Fill or Fill” and instead abuse from the “Kill” by forcing a few seconds of delay in the execution of an order, just enough to allow price movement and justify a requote.

As you can see a fair broker, don't have a setting of slippage.

Have good day Mr. Alpari

Schickeria!

Hi Schickeria,

I'm sorry you feel this way.

As stated in my previous post, if you'd like to opt out for an account without re-quotes, your alternative is a Direct Market Access Account (DMA). We refer to this as a Pro account.


Slippage is not an invention of the retail FX market. It exists in the Inter-Bank FX market and has done even as far back as when the principal method of trading was by shouting.

To add some background, orders are never guaranteed because if volatility is high, prices can be missed and we may not be able to obtain a quote for you at the price you requested. Orders are also sometimes filled away from the desired price due to gaps in the market. This occurs because currency prices can sometimes be very volatile or liquidity can be thin.

Part of the problem here lies around the execution conventions of certain order types. The convention around Stop Loss orders is that they are open-ended. There is a risk of slippage that is determined by the prices available in the market, but the understanding has always been that these are an "at best" order – because as painful as some slippage might be, it might be a lot more painful if the order just isn't filled at all.

With Stop orders you have to remember that, by definition, you will always be trading in the direction of least liquidity – and some slippage should be factored in. FX is remarkably uncomplicated in this regard. It always follows the path of least resistance. Occasionally this slippage might be modest, but the realistic fact is that when you trade at the point of greatest uncertainty there is no way to pre-define your risk. A Stop Loss is not an inoculation against risk, nor is it a means of transferring your risk to your broker.

The common complaint around slippage really boils down to individuals unhappy that no-one wanted to sell cheaply to them in a rising market or buy at a high price from them in a falling one.

This is not an uncommon criticism, but you need to consider the other side of the equation, which is quite simply -what's in it for them ?
By what right does any participant in the market feel he should be able to force his counter-party to trade at a price that doesn't suit him ?


Alex

________
Alexander Chadwick
Alpari (UK) Representative

Only in times of extreme volatility, which is extremely rare e.g. in the seconds following NFPs, should retail orders not be being filled very close to a specified stop price. Retail orders are minuscule compared to the depth of market.
Anyone who is concerned about stop slippage could consider using stop limit orders, which may involve moving to a broker that offered stop limit orders. They also are not a panacea though, because if the price moves beyond the limit order, the price is not filled.
Really the above notwithstanding people anyway be trading using Direct Market Access if they can.

Hi !

Thanks .

The answer to this is YES (at least for some clients):

http://static.alpari-us.com/docs_upd...osure_V1.3.pdf

I am amazed that anybody would sign that form and happily let Alpari screw them over. Now maybe Alpari UK is more ethical than their US counterpart but why would anybody choose this broker when many others offer NDD/STP by default?

I have seen Alpari claim to be NDD but that document clearly states that some clients (in the market maker pool) receive different pricing to others.

Sounds dodgy to me!

Hi Fizzerr,

Thank you for your post.

Alpari (US) and Alpari (UK) are both independent entities within the global association of Alpari companies. Each entity has their own products and Terms of Business reflecting their region's regulatory and legal environment.

Alpari (UK) is a Non-Dealing Desk (NDD) broker. We understand that a fair and transparent structure is important to you as a trader and consequently offer you NDD execution for forex and spot gold/silver.

The NDD execution model allows you to trade directly with the market. You can execute your orders at the best possible price we receive from our pool of liquidity providers plus a mark-up. Mark-ups are how brokers make their money and our mark-ups are very competitive.

We are always happy to help, however if your query pertains to another Alpari entity, you will have to get in touch with them.


Alex

________
Alexander Chadwick
Alpari (UK) Representative

Thanks for replying Alex. So can you confirm Alpari UK does not utilise the practices described in that disclosure? If not I think you guys would be better off operating under a different trading name as Alpari (US) is dirtying your reputation with this document and the fines they have received from regulators.

Hi Fizzerr,

I'm always happy to help.

As clarified in my previous post, we're just an agent.

Alpari (US), LLC (“Alpari (US)”) entered into a USD200,000 settlement with the National Futures Association (“NFA”) and refunded losses incurred as a result of adjustments made to client accounts. We would like to take this opportunity to point out that the FXOptions platform – which was the subject of the NFA investigation – is not part of the Alpari companies’ core offering and has never been offered by Alpari (UK) Limited (“Alpari (UK)”). Alpari (US) ceased to offer the platform in January 2012.

Please note that this ruling has no impact on Alpari (UK) or its clients for three reasons:

1. Alpari (US) and Alpari (UK) are regulated by the regulatory bodies located in their respective regions. Decisions by a US regulatory body (NFA) on Alpari (US) have no bearing on Alpari (UK). Alpari (UK) is authorised and regulated by the Financial Conduct Authority ("FCA") and must comply with the FCA's rules which differ from those of the NFA.

2. Alpari (US) and Alpari (UK) are both independent entities within the global association of Alpari companies. In addition to our core products and platforms, each of the businesses has its own region-specific product portfolio. FXOptions was offered by Alpari (US) only.

3. Alpari (UK) and Alpari (US) each have their own Terms of Business reflecting their region’s regulatory and legal environment. Alpari (UK)’s Terms of Business would allow us to cancel an erroneously executed order and we reserve the right to remove funds from clients’ accounts where we believe such an error has occurred. However, we will only do this as a last resort and where it is evident that our Terms of Business have been breached. Clients can be assured that everything we do is underpinned by our regulatory obligation to treat customers fairly.

A reminder of our Terms of Business

Alpari (UK)'s Terms of Business are in line with FCA requirements and are regularly reviewed to ensure continued compliance with any changes to rules and regulation. When we make changes to our Terms of Business or Client Agreement we communicate them to clients by email and by notifications made in the Company News section of our website.

To ensure that you remain familiar with our trading policies it's always a good idea to review and read the latest version of our Terms of Business, available online:
Trading Platform Legal Documents - Alpari (UK)


Alex

________
Alexander Chadwick
Alpari (UK) Representative

Alex, I understand you guys are separate. I guess the moral of the story is for traders to stay away from the black sheep in the family.

Cheers.

Does anyone consistently make good prophet with these guys with no problems? I've read some terrible reviews saying slippage went to 300 pips and others saying there account was closed with all money taken. but I honestly don't know what to believe as most brokers have similar reviews.

I don't trade news or scalp.

lol I won last 21 bets with them check my thread - was scalping though. They are ok and pay out promptly (UK my account is). 300 pips slip I don't believe more like 30 and someone doesn't understand the 5th digit. This can happen around major news releases like nfp. Give them a try - my main account is with IG been there maybe 10 years now and no problems. Good luck.