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  • #421
  • Apr 5, 2017 7:04am Apr 5, 2017 7:04am
There is an other way to eliminate spread. Instead of opening buy/sell stop orders, ea can track bid price and when price touches one of your levels, ea open a market order.

So this prevents unwanted entries caused by high spread.
  • #422
  • Apr 5, 2017 7:34am Apr 5, 2017 7:34am
Quoting grandaevus
There is an other way to eliminate spread. Instead of opening buy/sell stop orders, ea can track bid price and when price touches one of your levels, ea open a market order. So this prevents unwanted entries caused by high spread.

would it be possible to make an EA that did this.
Thank you
  • #423
  • Apr 5, 2017 7:39am Apr 5, 2017 7:39am
Quoting redfan
{quote} would it be possible to make an EA that did this. Thank you
Yes, definitely.
  • #424
  • Apr 5, 2017 8:18am Apr 5, 2017 8:18am
hi grandaevus..

i am posting two images of brokers with 4 digit and 5 digit..both showing a spread.But my 5 digit broker spread never came belo 1.4 .Now the question is can we tade when the spread is in between 1 - 2.

thank u
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  • #425
  • Apr 5, 2017 8:48am Apr 5, 2017 8:48am
Quoting tnandkumar
hi grandaevus.. i am posting two images of brokers with 4 digit and 5 digit..both showing a spread.But my 5 digit broker spread never came belo 1.4 .Now the question is can we tade when the spread is in between 1 - 2. thank u{image}{image}
If it's an ecn broker, spread has to be lower than 0.3.

If you don't pay commission, which means commission is included in the spread, maximum 0.8 is tolerable.

An EurUsd spread which is higher than these values means just one thing. Your broker is trying to screw you.
  • #426
  • Apr 5, 2017 8:52am Apr 5, 2017 8:52am
Quoting tnandkumar
hi grandaevus.. i am posting two images of brokers with 4 digit and 5 digit..both showing a spread.But my 5 digit broker spread never came belo 1.4 .Now the question is can we tade when the spread is in between 1 - 2. thank u{image}{image}
If it's an ecn broker, spread has to be lower than 0.3. (max 0.2)

If you don't pay commission, which means commission is added to the spread, maximum 0.8 is tolerable.

An EurUsd spread which is higher than these values means just one thing. Your broker is trying to screw you.
  • #427
  • Apr 5, 2017 8:52am Apr 5, 2017 8:52am
i pay commision its cheaper than pay for spread
  • #428
  • Apr 5, 2017 9:07am Apr 5, 2017 9:07am
Quoting tnandkumar
hi grandaevus.. i am posting two images of brokers with 4 digit and 5 digit..both showing a spread.But my 5 digit broker spread never came belo 1.4 .Now the question is can we tade when the spread is in between 1 - 2. thank u{image}{image}
I am not recomending to use this strategy if you have spread 1-2 on your broker.
because this way you easily get lose or touch the SL.
  • #429
  • Apr 5, 2017 9:07am Apr 5, 2017 9:07am
TOday is a lost day.
open first and second trade, both trades lost today.
  • #430
  • Apr 5, 2017 9:08am Apr 5, 2017 9:08am
Quoting romram
i pay commision its cheaper than pay for spread
eventhough its cheaper but with this strategy, and your big spread, you can easily touch SL means you can lose more than you get.
  • #431
  • Apr 5, 2017 9:39am Apr 5, 2017 9:39am
Quoting grandaevus
{quote} If it's an ecn broker, spread has to be lower than 0.3. If you don't pay commission, which means commission is included in the spread, maximum 0.8 is tolerable. An EurUsd spread which is higher than these values means just one thing. Your broker is trying to screw you.
thanks for your reply..
  • #432
  • Apr 5, 2017 9:44am Apr 5, 2017 9:44am
Quoting zentrader8
{quote} I am not recomending to use this strategy if you have spread 1-2 on your broker. because this way you easily get lose or touch the SL.

hi zentrader...
thanks for your reply,if possible can u post daily post your chart ....after gaining complete confidence will search and open a real account with a with a broker ,who has spread value of less than 1 for EURUSD.

Is it possible to open a demo account of brokers who has spread of less than 1 and test this startergy.if so please suggest me

thank u
  • #433
  • Apr 5, 2017 10:47am Apr 5, 2017 10:47am
Quoting tnandkumar
{quote} hi zentrader... thanks for your reply,if possible can u post daily post your chart ....after gaining complete confidence will search and open a real account with a with a broker ,who has spread value of less than 1 for EURUSD. Is it possible to open a demo account of brokers who has spread of less than 1 and test this startergy.if so please suggest me thank u

I find ActivTrades super good.. low spreads, fast withdrawals, been running since 2001, regulated, and 24/7 support.

You can open a demo without a live account.

They are based in the UK.
  • #434
  • Apr 5, 2017 10:59am Apr 5, 2017 10:59am
Quoting tnandkumar
{quote} hi zentrader... thanks for your reply,if possible can u post daily post your chart ....after gaining complete confidence will search and open a real account with a with a broker ,who has spread value of less than 1 for EURUSD. Is it possible to open a demo account of brokers who has spread of less than 1 and test this startergy.if so please suggest me thank u
Hi tnandkumar, i alraedy send a pm to you, please read it.
THanks.
  • #435
  • Apr 5, 2017 11:59am Apr 5, 2017 11:59am
Hi Zen

Yup loser day today but no big deal as system has delieverd a run of wins. To be expected. Could be tight market ahead of Fed Minutes at 2pm (US). The ATR had closed right into 11 this morning and I nearly didn't put the trades on because of this. Lesson for future maybe?

Has anyone managed to backtest this system using Amibroker? www.TrueFx.com offers free tick data for those who can code Amibroker and are able to test. This would be useful as by changing the candle times we could target the best performing hour (as you know I trade the US using this system 1.5hrs after the equity open, so 1600 UK time candle close. EurUsd not great at this time, but Eurjpy performs much better, albeit with 1.1pip spread - offset by larger ATR.)
Trade less and become more profitable!
  • #436
  • Apr 5, 2017 2:08pm Apr 5, 2017 2:08pm
US Session m30 EurJpy TP Hit. 1600 UK Summer Time candle.
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Trade less and become more profitable!
  • #437
  • Apr 5, 2017 2:30pm Apr 5, 2017 2:30pm
Quoting Timnyman94
{quote} I find ActivTrades super good.. low spreads, fast withdrawals, been running since 2001, regulated, and 24/7 support. You can open a demo without a live account. They are based in the UK.
I notice you recommend ACTIV TRADES . I'm thinking of changing my broker. I'm currently with ETX , the spread for EUR/USD is min 0.6 and average is 0.81. but Leverage is only 1.200,
I have look at ACTIV site and noticed the spread was better AND the leverage WAS 1.400
I would like to know if you've open a real account. And now you've found them with withdrawals. And do they mind you scalping.
I would appreciate any advice,
thank you.
  • #438
  • Apr 5, 2017 10:28pm Apr 5, 2017 10:28pm
Quoting zentrader8
TOday is a lost day. open first and second trade, both trades lost today.
Zen, taking the second recovery trade with triple lot size is not a good idea.

Now, you need 6 consecutive wins in a row .

One trade per day is more than enough.
  • #439
  • Apr 5, 2017 10:38pm Apr 5, 2017 10:38pm
Quoting zentrader8
{quote} Hi tnandkumar, i alraedy send a pm to you, please read it. THanks.

hi zen....even with icetrader ,spread is showing from 1 to 1.5

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  • #440
  • Apr 5, 2017 10:46pm Apr 5, 2017 10:46pm
Quoting redfan
{quote} I notice you recommend ACTIV TRADES . I'm thinking of changing my broker. I'm currently with ETX , the spread for EUR/USD is min 0.6 and average is 0.81. but Leverage is only 1.200, I have look at ACTIV site and noticed the spread was better AND the leverage WAS 1.400 I would like to know if you've open a real account. And now you've found them with withdrawals. And do they mind you scalping. I would appreciate any advice, thank you.
Actually for this kind of strategy i recomended a broker which has less than 0.5 pips , because sometimes if you use BE +1 at 8 pips even 0.1, or 0.2 pips do counts. it keeps you on the trade, if your trade is too big, then its easier to get kick out of trade.
I myself use icmarkets. the spread for eurusd pair is 0 pips, sometimes 0.1 or 0.2 (mostly is 0 or 0.1 pips) which is very good.
the leverage is bigger , can use 1:500 .
so i think you can try to open the demo/real account.
You can use this link to open the account.
https://icmarkets.com/?camp=9995
(using the link will give you discount rate on the commision)

Hope it can helps .
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