Damn, that sounds like a horrible story. Thanks for sharing, and traders beware.

Broker server error- Don't panic !!

They call themselves an "IB" on the phone.... an "Introducing Broker." As for 50K going down to 10K.... I guess they weren't getting much business. Hello Pipcruiser, FB does not have an NFA #, but FXLQ (their liquidity) does.... in fact, FXLQ has ...

Any ECN that supports MT4 ?

Fastbrokers has lowered the professional account min (MT4 pass-through) from 50k to 10k. They are an IB for FXLQ.

Any ECN that supports MT4 ?

Even at 90% modeling quality, you can get false positives in your backtests without scalping. That's why it is important to verify the entries (arrows) on the chart after your backtests completes. Eyeball the chart, and make sure the entries are ...

How to build a successful EA from scratch

So you have been spending hours searching for a Holy Grail EA. Just remember, hours spent searching for other people's EAs are taking time away from what you can be doing with your own EA. No doubt, I visit plenty of threads to see what other ...

How to build a successful EA from scratch

Let's say you are building an EA with tight stops. You realize that every day you are long in the EURUSD (for example,) the swap is draining your account by a pip at 5PM (all you have to do is figure out your $/pip, and compare it to the swap.) You ...

How to build a successful EA from scratch

Just about everything I talked about in the previous posts is applied in this thread: url You will see: 1) A finalized graph of 7 strategies combined 2) Drawdowns of 2 strategies 3) The effect of cancelling 1 strategy's drawdown with profit from ...

How to build a successful EA from scratch

As stated before, a chart is nothing more than a "shape" or a pattern. Your job is to create rules for CERTAIN patterns..... and know that when the pattern occurs, you will be rewarded with trending markets, or disciplined by sideways markets. Let's ...

How to build a successful EA from scratch

Risk Management — Okay, again I present my own opinions here.... and there is no blueprint for the perfect system. I realize that any system will fail from time to time.... but having multiple strategies gives me a chance to cover my drawdowns ...

How to build a successful EA from scratch

Ah but the grass may not be greener, Digs. The broker will always charge you a commission (usually 1 pip roundturn, possibly more) So you have to wait until you get choice (zero spread) or low spreads before it is beneficial. In other words, if the ...

Any ECN with MT4 trading platform?

I find the best practice to have 2 EAs. One is for the collection of finalized strategies, the other is a "testing" EA. You try your ideas on the testing EA, and when it meets your criteria (high pips, low drawdown) you insert it into the "real" EA. ...

How to build a successful EA from scratch

How to build the thing — Okay, here is the meat and potatoes of building an EA from scratch. This is all my own philosophy, and it may not be the best way to do it. But it is all based on science and reason. In hindsight, every chart is a ...

How to build a successful EA from scratch

Scalping — I am not a scalper. Scalping EA backtests often do not compensate for rollover premiums or spreads! Those smooth equity curves would be eaten alive in a real environment. Be skeptical of them when you see them.... and those that ...

How to build a successful EA from scratch

Taboos — The worst thing you can do when building an EA is create one that will lie to you in the backtests. What do I mean? It is possible to code MQL4 to create entries that fall off the price line. In other words, these are fantasy fills ...

How to build a successful EA from scratch

Any work to modify MT4 will be done by the broker (ATC, fastbrokers.) The ECN (Currenex, FXLQ) have nothing to do with that..... they just provide an API that the clearing house must work with. The ECNs are technology companies, whose responsibility ...

Any ECN with MT4 trading platform?

Currenex will be the ECN that sits behind MT4 (at ATC) when they complete the new technology. FXLQ has an ECN.... they ARE the technology company (like Currenex is,) and fastbrokers is a clearing house that offers MT4 as a passthrough to the FXLQ ...

Any ECN with MT4 trading platform?

Actually that is the ATCbrokers MT4 Currenex that is under construction.... please correct me if I am wrong. Fastbrokers offers Currenex behind Strategyrunner at this time. FXQL IB is behind MT4. I can't tell you how glad I am to see this.... the ...

Any ECN with MT4 trading platform?