SharePosts by ForexMentor
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One other point ..........on here most people seem concerned about whos right and whos wrong and are constantly running down other comments and proffessing to be the font of all knowledge. Probably frustrarted traders letting off steam, as with many other forums.
As a suggestion why dosent everyone stop this and try and offer some usable wisdom, or whats the point......imo
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I agree...... but I only know of one broker currently that supports MT4, is ECN and offers super low spreads, typically during the day for GBPUSD 0.60, EURUSD 0.30 and GBPJPY 1, during the Asian they naturally go up slightly but still remain very low and more importantly are becoming usable for robots that require low spreads to work.....like FapTurbo.
MDP obviously benefits from this also but has the added hindrence of requiring lighting fast execution to be successful. I Know some VPS services offer a realistic maintainable 10ms execution, at a cost, which to make MDP work to its maximum po......
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Some good responses and comments to my post, the hedge fund and use of robots especailly.
Anyone is entitled to design and sell a robot and make money, I guess for some doing that is a lot easier than tradng, which is hard and requires learning, disipline and dedication.
Im not here to try and prove anythng, sell anything or share my results of my professional trading account with anyone, why would anyone want to do that? unless they had a commercial reason to prove something ?
I just wanted to make the point that Ive never seen a robot do well over time, mainly due to the fact that t......
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Seriously the comments on here are comical.... what you think you can spend less than the cost of a few trips to McDonalds on buying a robot and it will answer all of your financial problems or dreams of wealth !! When you trade you are up against big organisations that want to maximise profits, as you do, the big difference is they can move the price action and you can not. They know you, they know your leverage, your greed, your fears, your stops, your take profits, basically your a sitting duck !!
Ok lets put things in perspective...... what you seek does not exist for the moey you wish to......
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I noticed that in Million Dollar pips demo account that most of the action came from one month in the middle of last year, either side of this and the performance dosent look great, so looks like it clealry needs very specific conditions.
But the bottom line is there are not many robots that work as good as someone who knows how to trade manually, there are just too many things going on in the market that require knowkedge and judgement to be profitable, anyone thinks they will get rich trading robots is kidding themselves.
Learn how to trade.
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I have been with Alpari (UK) on and off for years, I like the new spread betting account, if you are able to its worth moving over to this for obvious tax reasons imo.
There spreads are a little high and the fills not great if you enter market orders, also lots of requotes if you dont adjust your deviation in the order box, as they are a 5 digit broker.
To get ECN with them and decent spreads you need a pro account, but again what they ask for in depsoit .v. the mnimum order size isn't good money management, ie minimum size order is 3 lots.
Good all round broker and if your in the UK then y......
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