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As simple as possible: 00 level trading

  • #3,361
  • Jun 18, 2014 3:00am Jun 18, 2014 3:00am
Quoting hugecat
It's good to find those things out on a demo, but I'm still pissed. My TP didn't trigger on GJ when it went 1.6 pips over. I thought I had a reputable broker... {image}
Happened to me too, BUT if it happens on a live account it might (and only might) just mean that you actually DO have a reputable broker, who actually does take your orders out to the real market and those orders fill only if there is someone on the other side to take the trade. In the demo case it most likely is just a technical problem which should not happen.
"Always be yourself " Batman
  • #3,362
  • Jun 18, 2014 3:03am Jun 18, 2014 3:03am
Quoting rdsl
{quote} Happened to me too, BUT if it happens on a live account it might (and only might) just mean that you actually DO have a reputable broker, who actually does take your orders out to the real market and those orders fill only if there is someone on the other side to take the trade. In the demo case it most likely is just a technical problem which should not happen.
It's true. The trade ended up in a loss. A mailed the complaint, let's see what they'll reply.
Those who know don't talk. Those who talk don't know.
  • #3,363
  • Jun 18, 2014 3:06am Jun 18, 2014 3:06am
good morning all.

1st today GU +5
I should not because the news but I tried

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  • #3,364
  • Jun 18, 2014 3:06am Jun 18, 2014 3:06am
first +5 on GJ now wait for the rules
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  • #3,365
  • Jun 18, 2014 3:07am Jun 18, 2014 3:07am
Trading GBP pairs this hour is AGAINST THE RULES !!!

RED GBP NEWS this hour... = gambling

Udine
Sleep less, live fast, as it aint gonna last
  • #3,366
  • Jun 18, 2014 3:08am Jun 18, 2014 3:08am
Silver entered .....here we go!

Entered @ 19.700

I'll post the pick at the end win or loss...no time now!

Masterrmind.........
Master your Mind then Master your Trades
  • #3,367
  • Jun 18, 2014 3:09am Jun 18, 2014 3:09am
Quoting Udine
Trading GBP pairs this hour is AGAINST THE RULES !!! RED GBP NEWS this hour... = gambling Udine
Indeed in fact I just pulled my pending for that reason.....

Masterrmind.....
Master your Mind then Master your Trades
  • #3,368
  • Jun 18, 2014 3:10am Jun 18, 2014 3:10am
Quoting hugecat
{quote} It's true. The trade ended up in a loss. A mailed the complaint, let's see what they'll reply.
Exactly , you will be able to mesure them according to the reply for this...
Does it take an hour to reply or a week or never?
Do they reply in a serious manner or trying to "shake you off"?
Do they "pay" at the end of the day or not?

Hope you find them as reputable as you thought they were...
"Always be yourself " Batman
  • #3,369
  • Jun 18, 2014 3:11am Jun 18, 2014 3:11am
EJ buy @ 138.500 -> BE
  • #3,370
  • Jun 18, 2014 3:12am Jun 18, 2014 3:12am
ej ts 138.500
  • #3,371
  • Jun 18, 2014 3:12am Jun 18, 2014 3:12am
Quoting Udine
Trading GBP pairs this hour is AGAINST THE RULES !!! RED GBP NEWS this hour... = gambling Udine
I think they fancy with the widen spread. All is Risk taker. You can't stop them.
  • #3,372
  • Jun 18, 2014 3:12am Jun 18, 2014 3:12am
Quoting Udine
Trading GBP pairs this hour is AGAINST THE RULES !!! RED GBP NEWS this hour... = gambling Udine

yes i've reduce my stop to 5 pips in case
  • #3,373
  • Jun 18, 2014 3:14am Jun 18, 2014 3:14am
EJ to BE
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  • #3,374
  • Jun 18, 2014 3:14am Jun 18, 2014 3:14am
EJ out by trailstop...

third one out by TS today... lets see it as capital preservation

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #3,375
  • Jun 18, 2014 3:14am Jun 18, 2014 3:14am
Hi;Udine;

GU price was 1.6966 at 000 line. first line was 1.6970 for long pending order.But system doesnt accept pending order below the 10 pips.
How can I do for this situation? (I traded with script at 1.6972 )
  • #3,376
  • Jun 18, 2014 3:15am Jun 18, 2014 3:15am
ej tpd
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Passion, Persist, Patience, Protect
  • #3,377
  • Jun 18, 2014 3:19am Jun 18, 2014 3:19am
Quoting rdsl
{quote} Exactly , you will be able to mesure them according to the reply for this... Does it take an hour to reply or a week or never? Do they reply in a serious manner or trying to "shake you off"? Do they "pay" at the end of the day or not? Hope you find them as reputable as you thought they were...
I'll keep posted. They are in AU and last time it took'em 2 days to reply. So I'll probably switch to EU ECN when ready to go live.
Those who know don't talk. Those who talk don't know.
  • #3,378
  • Jun 18, 2014 3:20am Jun 18, 2014 3:20am
Long EJ @ 138.500

Udine, I think you said we needed to have at least 1 pip between the close of the previous candle and the level where to place our order.
The previous candle closed at 138.494 while my ordrer was pending.
Should I have moved the order to 600 ?

Thanks for all what you for us...
It's really a great pleasure to follow that thread!


Edit : TP reached :-)
But the question remains...
Should I have moved the order to comply with your rules Udine ?
  • #3,379
  • Jun 18, 2014 3:21am Jun 18, 2014 3:21am
Quoting ardasu
Hi;Udine; GU price was 1.6966 at 000 line. first line was 1.6970 for long pending order.But system doesnt accept pending order below the 10 pips. How can I do for this situation? (I traded with script at 1.6972 )
I have experienced the same thing. Thereīs only 1 solution: change broker... Pending orders at a minimum distance of 10 pips - imposed by your broker - donīt allow you to trade this system efficiently.
  • #3,380
  • Jun 18, 2014 3:23am Jun 18, 2014 3:23am
Quoting ardasu
Hi;Udine; GU price was 1.6966 at 000 line. first line was 1.6970 for long pending order.But system doesnt accept pending order below the 10 pips. How can I do for this situation? (I traded with script at 1.6972 )
GBP RED NEWS = no trade!!!

Udine
Sleep less, live fast, as it aint gonna last
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