SharePosts by paulng
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I thought this thread is about market depth. I'm not very experienced about forex DOM, but I've been watching the S&P500 e-mini for years.
When the mid-size players, or your broker, wants the price to move up (for example), they will load up the bid sizes. But that's just an illusion to lure others to bid above their price or short-sellers to close their positions (the retail customers). You can confirm the illusion when price reaches that bid price and the transaction volume remains very low, meaning they actually cancelled their orders. A single row of huge bid/ask size doesn't mean a......
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I read in other forums that fxopen is banned or investigated by regulators. I think it's safer to choose a broker from a well regulated environment, so that even with various tools to play against their customers, they will be less likely to use those tools.
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I am not a programmer, so.... things like that are extremely difficult for me. Having said that, I do realize that perhaps it is better to use another software to link up and send orders as and when necessary. I've read about the virtual plug in and stuff like that, and other forum folks have mentioned that whatever platform the broker uses, they have tools to gather a lot of information.
Still, many good brokers are regulated in countries with strong legal framework, so even if tools are available, there's such a thing as code of ethics to comply with.
It will be really nice if there's ......
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Hello again,
I've asked my friend to install MT4 and gave him the investor password, try his best to mess up the EA or trade. His response was he can only see the trade details, history, and journal. That's about it.
So up until now, I suppose it is safe [grin]
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good post
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let's see...
kenny, I was referring to placing pending limit orders to open a position, not the SL and TP. the order entry window that pops up refuses to accept orders that are less than 3 pips away. other brokers like alpari (1.6-1.8 pips away), mig bank about 5 pips away, and etc etc. every broker is different.
pending (limit order), I should be able to place it 0 pips away from bid/ask.
if the broker is truly ECN, I should be able to place my limit order between the bid and the ask, and my size will be reflected accordingly, being the only one in the queue.
but I'm not that deman......
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[quote]Elkart posted:
IBFX is moving towards ECN if they're not already.
[/quote]
If IBFX is ECN already, I wouldn't need to place my order 3 pips away from the bid/ask. Maybe some time in the future....
still waiting and looking around.
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Thanks for the suggestions,
dukascopy has PAMM, but in java.
alpari UK has MAM, but the multi MT4 platform does not support EA (fully automated system)
openFX not from preferred regulated environment (don't feel safe enough)
IBFX market maker (not ECN-STP)
and the list goes on.... I couldn't find any broker that fits the requirements, at least not yet.
Hope someone can find some broker in the world that has all the requirements, and I'm sure a lot of business will go to them.
Cheers
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[quote]bluemele posted:
Sorry to send negative energy your way,
Gil
[/quote]
*sigh* I got personal attacks from that guy, even in private message. his whip will be on you next, be careful. I'm so unworthy I've decided to blindfold myself to all his posts. Unless of course he is out to fraud or scam, then it will become every netizen's duty to sound the alarm. But to date, he's still alright in character.
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Can anyone recommend a broker for money managers?
Requirements:
#1 reliable and regulated, funds are safe
#2 STP-ECN
#3 Can use MT4 to trade, can place limit orders at the bid/ask, supporting fully automated EA, even for sub-linked accounts and total funds under management
#4 broker back end distributes the performance fees according to the manager-client agreement.
So far in searching through the internet, I've found some good brokers that have 3 out of the 4 requirements, but couldn't find any that matches all the requirements. I don't want to handle the clients' money. I just need......
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