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Different case. In the story from the book the exchange, or rather the clearing member stood behind the customers. Forex isn't set up that way. Nobody is standing behind a given retail forex customer unless the broker/dealer buys private insurance and makes it available to its customers in case...

Never underestimate the amazing results that a determined and resourceful individual can produce. And don't set your sights too low. http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=16;t=003766#000000 http://www.elitetrader.com/vb/showthread.php?s=&threadid=54476

Thanks! Are you entered in the October contest? Ever since the last MT4 upgrade I've had technical problems executing expert advisors (err #146). This is a MT4 bug, not necessarily IBFX's fault. I'm trying to work around it but it is going to take some doing...

I started at 10 and then jumped to 25, and stayed at that level to the end. The jump to 25 was a bit of a stretch but the system was in the zone early on when I did it so I let it go on a short leash and it worked out ok. My beginning balance was just over 8.5K just so you have a frame of...

Ok I'll try to add some value to this thread. My strategy is volatility and momentum based. It works on all timeframes I have tested but has the smoothest equity curve on the shorter time frames (minutes) and also makes more money on shorter timeframes. However, many FX brokers don't like short...

Interbank FX just sent me an email telling me that I won the contest and the $2,000 prize money is now in my account. Well folks, as is evidenced by the title of this thread, I set out at the beginning of September to win the contest, and now I have won it. I am now asking myself the...

Good question. From starting equity the max drawdown was 30% (max drawdown / starting equity). However as the account had nearly tripled a 10% drawdown late in the game accounted for that. The maximum drawdown from equity highs was 11%.

Yes

Thanks, But even more impressive from the manual trader category is pipstar's up 472.24 % performance. Also of note is that after NFP (day 2) globvest in the expert advisor category was up 475.77 %. He could have quit at that point and been way ahead!

Well the September contest is over. I did better than 86% of the poll respondents here thought I would do. Competition always seems to bring out the best in my trading. The results are still preliminary, as no winners have been announced yet but so far it looks good for me. I didn't sign up for...

Forget about #2 and #3. You also need to define what you mean by "daytrading". Are you talking about 1 trade per day, or multiple trades per day (scalping)? Also, the concept of volatility breakout given by AnomalyResearch could be used to build a profitable system on ER2. You may need to...

Brooks, Before you can create the profitable system you desire, you need to change your beliefs. This is a strong belief that you need to replace with a belief that can help you get where you wish to go. With that limiting belief in place it won't be possible for you to create a fully...

The 1 Mln is and has been intermittently in there during morning trade as well all week. It makes the effective 2-3 pip spread look more like a 1-2 pip spread. However as the 1 Mln size backs away on any kind of volatility the effective spread is 2-3 (+ 0.5 pip effective commish) when it is...

List specific 2 pip spread brokers so you can get feedback.

Does the new IRA margin account allow IdealPro transactions? Any limitations?

Next week should be pivotal. 3-4 major news releases are scheduled. I'm looking forward to it...

A screen scraper is a piece of software that reads the pixels off from the target program (FXTrade) and in this case converts those pixels to quotes. To my knowledge there is no bracket trader type interface for FXTrade. auto has an order entry program but it didn't work for me.

I understand your feelings. Price spikes suck. They screw up systems and cause unwanted trades to occur. I have been meaning to implement filtering in my code to at least partially offset this problem. This isn't the first spike so I guess it is my own fault for not taking it more seriously and...

Yes you've got the right idea.

Let's say you have a $2,000 mini account (200:1 leverage). You could max out your leverage by opening 40 mini lots (2000/$50 per lot). When your account balance went to $1000 (50% available margin), you would get a margin call and have your postion closed.