Trapping System: Grid

Awesome !!

What do you mean by "credible"?

Ya, fully withdrawable. Why not? I've withdrawn 3-4 times with them, no issues so far. That's why I feel comfy with them.

hmmm.... couldn't find which post.
I've browsed through the last 4 pages of this thread. If you don't mind, what is this all about?

The doubt came from some forum reading. Some people think that brokers do offer high leverage to scam traders. Now you are reassuring me on this. Is the charity programming still on, need to give back to whom needs more than I do.

Nice, an opportunity in EUR/CHF. Is the start time in EST?
Do you mind to post the set file bro?

Btw Bro Radit, have you try to optimize the grid size?

http://www.forexfactory.com/showthre...st8611415Above is the link to the post bro.. Zz

See, now I'm gonna ask you. Are you sure that the person whoever posted on that forum, is really credible as well?
Are you sure that they are not a scammers? They probably a "person" from the competitors. That seems an easy way to form a dirty minds to a broker.

I'm enough of this kind of "scam broker" term. And I should look forward.

I tell you my experience.
I was with Marketiva quite long since I was in high school. My deposit that time just like $5, or $14, and too many people telling that this broker is a scam. I was scared that my money I can never be able to withdraw. And, much more people are happy to say that Marketiva is a scam broker when they decided to change name to AGEA. It was still standing until now, even I tell you that this broker is the best in their support. Withdrawals were OK and quite fast, even before with Marketiva and with AGEA. But then I move not because of the people telling that this is a scam broker, but because of the account type terms was not suitable for my trading style.

I move to Tickmill, same story. They actually from old broker (forgot the name) merged with new name, Tickmill. Many people telling this broker is scam. I got no issues during my work with them. My withdrawal came success, even when I withdrew all of my money. The account type terms was not suitable for my trading style, I moved again.

Now, RoboForex. I heard the exact same story. They were from RoboTrade, and RoboForex merged into 1. My withdrawal 3-4 times, all with success.

Now, there were some reliable brokers (as per the review), they are all 've been in the trade for more than 15 years. Yet they fell and closed because of last CHF chaotic events.

So, in short, "High Risk Warning. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everybody. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your trading objectives, level of experience, and risk appetite."

The risk came from everywhere, this is something we've to understand. With all of these things together if I have to believe that comments of scam broker made by people, I'll end up in not doing any investment. Because almost every broker, there's always a comments about it being a scam broker. Most of the comments, just for a stupid reason like hard to withdraw, they'll just easily say scam broker.

To me, a good broker cannot be measured by their "easy" withdrawal. A good broker is always measured by how they present their T&C, how they present their "book of rule". There are thousands of reasons why they need to reject your withdrawal because you are not a verified user. One of the reason is money laundering, the others is unauthorized use of an account.
Imagine that if I'm a boss in a company and quite busy with my business, but I want to do trading. So, I'll just hire/ask people to do it for me, even for particular action like deposit and withdrawal. This guy would've open account under my name, do transactions under my name. Then finally at the end of the day, this guy requesting for withdrawal then put it in his own account and imagine this guy ran away. Of course I'll be sad, and will plan to sue this guy. But to me, I will have to sue the broker first, why they being reckless to allow withdrawal to another account different than my name? So this time broker will surely got caught up, and not easy to answer to that question.

That is just one simple example why hard withdrawal is not a parameter to say that your broker is a scam broker.

So, back to "good broker". To me, if they can present their T&C, documents, agreements between me and the broker, all particulars like account types, without me asking their support, I would say it is a good broker, and a professional broker. And I always read that first, comparing with the other brokers, before choosing to be their client. To me, moving to another broker is quite a boring job. When I was choosing this, it took me 2 months to decide to use this broker. It's not an easy decision, but worth the time.

Some people, fail to read the T&C and documents. When the issue comes, they'll just easily say scam brokers. The fact is they never read the T&C, they never realized that nothing comes like a free lunch.


The conclusion:
Sorry to say that I'm not buying the idea of scam brokers. Keep your eyes open, but keep your mind open as well. Scammers are not just broker, but also the traders, the comments they made about brokers, everybody. Why? Because this is money business.
I choose to keep my mind open, and move forward.

What have you done to fix it?
And what has happened with it?

Just curious whether I've done wrong in the code.

yeah very ranging...remember the day it moved 3000 pips in one day, blow up 30000+ acc. i guess

Talking about Scam brokers, listen to my story.

I will say 80% of brokers are Scammers.

How to define a scammer? my rule is:

1 Widen spreads largely during news time, Usually,3-5pips on NF is my maxium torlerance, above it. junk broker then!

2 Bad connections, FX is a serious bussiness, the platform must be 99.9% online during every trading hour.

3 High spreads, 1.5 pips for EUR/USD is my maxium torlerance, above it....junk!

This EA deals many orders in one day, the broker standard have to be very high.

The movement range was too small yesterday.....

In addional to above mentioned point the scam broker is stop hunter, drastic widening spread, causing slippages and taking account to negative balance.

Good point! And those scammers will show you a chart to compare with eachother, A widen 20pips and B widen 10pips and we only widen 8 pips, so we are your best choice......

Just like i stolen you $50 he stolen you $20, i went to jail and he's a good man.....

I am absolutely with you. If slippage is too large, spread suddenly widened without any consent to the client, it is agreeable that is scam broker.

I'm closing off all my trades. It seems like too lazy to move today.

It seems its effect of bank holiday in US so it was moving very slowly. I closed trades in minor profit about 3 hours back.

I'm lazier than you, i set profit to $1 then start starcaft2...

Scam: a confidence game or other fraudulent scheme, especially for making a quick profit; swindle.

I would say that is our preference of a broker, not a scam broker criteria.
Scam criteria is simply be noticed by looking at their T&C and the real implementation. If there's huge difference, they are scam broker.
It's like blaming people who sells sour mango but we only like sweet mango, yet we tell them they are scamming? We can't say unless, they specifically tell "Hi sir, this is a very sweet mango just $1 each for you", but it taste too sour, then we can tell them they are scammers. I hope you get the idea here.

It's not about the mango, but it's about how they sell the mango. Why? Because scam it's not about mango's fault, it's the seller's fault.

No. 1, I agree.
But, whether it is scam or not, they have to come to an agreement with the client (us) first, and this usually can be done by dropping a statement like this in their website, "during a high volatility period, spreads may be changed or widened". If they do, they are not scam. If they don't they are scam.
Being registered with variable spreads normally we will be presented with that specific statement. How big is the spreads during the volatility period, usually broker never tell.

No. 2, bad connection is just user's (our) experience. We can't judge based on this. Imagine you're in China now, the server is in London, then connection is constantly slow. While clients in London, they get a fast connection. You can't blame them on this by telling them they are scammer, am I right? And plus, there are thousands of parameters that could possibly altering our internet connection.
Here's one case, imagine you trade at NFP, you buy at 1.06411. Then when the price reaching 1.06711, we initiate a close order. But during that time, let's say our internet connection is dropped for about 1 or 2 seconds then connecting again. Even Windows OS can't tell if there's a connection drop in 1 or 2 seconds. After 2 seconds passed, since our close order is queued on our machine, once it connects then just redirect the message to the server to close our order. But here's the twist, now the price draw back to 1.06311. If our account type allow requotes, the order to close will be dropped / cancelled. This happen when we are registered with Instant Execution mode of an account. If our account is Market Execution, requote will never happen, it will just execute order at the most possible price, which is 1.06311, and we will suffer losses in here.
Now, who's in fault? Broker? No, server didn't receive your message to close order since past 2 seconds.
Now, another case, what if the server is overloaded? Again, you can't proof them easily. You need to do a serious stress test from your client to the server, and I believe, all professional brokers have done this before they release it to the public.

I worked in IT section quite long time, so I know very well this issue.

No. 3. I believe this is also our preference. We can't identify that anything above 15 points spreads is scammer. Broker that is held by a large known bank operated in my country, they got a larger spreads, even 2.5 pips. Can we say they are scammers?

The conclusion:
until it is agreed with the customers (we), then they are not scammers. We choose to be registered with them, depositing money, doing trade, until we got 1 or 2 trading conditions that is not suitable for us but we didn't read their T&C, they are still not scammers.
But, if we can't find anything on their T&C, or some trading conditions that is not regulated or presented to us earlier in their T&C, they are scammers.

So, we have to be very actively reading their T&C. Since I know many of us never read it.

I am not sure whether I have done anything to fix it as such but made a few additions to the code which might help implement what i had suggested earlier.

The issue is this :-



You can see that the highest value is $1856. As to why the EA had not closed it at that point might be related to the closing logic?



At $1856, the above condition should definitely be true, that is if TotalProfit represents the total profit of all trades as the names suggest.
So it should be some condition in the following code block which might be preventing it from closing at that point :-



So what I have done is basically added a new variable called BonusProfitMult (which is basically used to calculate some sort of a TP level).
Calculate the BonusTargetProfit the same way DyTargetProfit is calculated with the exception that I am using BonusProfitMult as the multiplier.
And added another OR (||) condition to the above code block to ONLY check whether the profit is >= BonusTargetProfit and then set IsTime=true.

I will attached the modified EA once i get back home from work. Not sure whether it would work. Was wanting to check it out today but todays market was not at all volatile the least bit.

So in essence, what I had wanted to do is, consider the TP multiplier as a profit stop loss and the Bonus multiplier as our take profit. Hope you get the idea I am trying my best to convey . If we could have some sort of a profit trailing mechanism, such as, once the profit reaches $X amount start trailing the profit by $X amount it would be ideal! Just an idea..

oh btw.. I am using GT1000REBOOT for these tests

Zz

Oh......a long big talk, great!

My few words in conclusion....

1 All US broker can not use this EA due to FIFO. all US broker branches are lack of supervision in other conuntry.

2 In Asia, you have only one choice that is peperXXXX, all other brokers are not worth to try.

3 In Europe, ducascopy is aways the 1st choice....but oh man, they dont support MT platform....good business brain!!!(Hi, we sell cell phone software and it doesnt support iphone and android system)