2 to 4 Take profits (hit and run)

Pullice · #1 (**permalink**) 01-14-2009, 01:23 PM

what is the regulation with brokers concerning this?

1. entering a trade and exiting with a minimum time of 30 seconds.

2 Taking 2 to 4 pips hit and run.

3. doing between 20 to 100 trades a day

I am demoing a system that is 100% profitable on ALL TRADES and PAIRS but these are the rules

madpoet · #2 (**permalink**) 01-14-2009, 02:18 PM

Some brokers will get really pissy if you do it.

MaxFactor · #3 (**permalink**) 01-14-2009, 04:54 PM

Quote:

Originally Posted by Pullice

what is the regulation with brokers concerning this?

1. entering a trade and exiting with a minimum time of 30 seconds.

2 Taking 2 to 4 pips hit and run.

3. doing between 20 to 100 trades a day

I am demoing a system that is 100% profitable on ALL TRADES and PAIRS but these are the rules

Please Share!

alan · #4 (**permalink**) 01-15-2009, 01:05 AM

Yeah most typically dealing desk bucketshop brokers will polititely tell you to get lost if you trade like that.

If you intend to do some heavy scalping I recommend you look into a good ECN broker.

alan · #5 (**permalink**) 06-03-2009, 07:30 AM

Shiny are you in any way affiliated with AVAFX? The reason I ask is that it seems to me that in nearly everyone of your posts you manage to mention them. Not that I'm accusing you of this but if you are paid by them to advertise them on forum please stop as this sort of thing is not welcome here.

jayman · #6 (**permalink**) 06-03-2009, 07:34 AM

Do share!

I have had EAs on FXDD live open and close trades in less than a minute and didn't have any issues. That goes without saying that if price is moving rapidly you will probably get offquotes errors.

^eagle^ · #7 (**permalink**) 06-03-2009, 05:37 PM

Go ECN with a system like that. I was ding somethign like that a while back with FXDD metatrader and when I started winning I got requotes and slippage galore.

ECN FXDD powertrader have small slippage issues but thats it.

Miksa · #8 (**permalink**) 06-03-2009, 07:20 PM

Quote:

Originally Posted by ^eagle^

ECN FXDD powertrader have small slippage issues but thats it.

imho, most ECN brokerswill have slippage issues with market orders.

i was surprised to see that ATC doesn't replace instant orders sent by EA with markets orders as most ECN and STP brokers do. and instant orders don't slip at all if max deviation is 0.

ATC
19:25:17 'xxxx': instant order buy 7.32 EURGBP at 0.86740 sl: 0.00000 tp: 0.00000

FXCM
16:39:11 'xxxx': order buy market 2.10 EURGBP sl: 0.00000 tp: 0.00000

Broco
17:08:28 'xxxx': order buy market 2.00 EURGBP_FX sl: 0.00000 tp: 0.00000