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Looking for broker for scaping and EAs

andromeda1
Aug 31 2010 at 19:37
108 posts
Hello,

i would like to create demo and live account with broker probably with lowest spreads etc.

I would like to use some EAs on MetaTrader 4.

Which broker is the best for scalping and EA Metatrader according your oppinion?

My first deposit will be $1000, later maybe $2000. But if You want, you can name also brokers with higher minimum deposit amount..


PS: I like low deposit/witdrawal fees 😝

FAPLive1
Aug 31 2010 at 21:41
2 posts
Hi,
I currently use IAMfx the spreads are very low, you should look at FXCBS too, but checkout the commssions. I also have an Aplari UK account.


Hope that helps.

Happy Trading.


Robert😀

andromeda1
Sep 01 2010 at 20:29
108 posts
Thank You for a reply im currently with www.hotforex.com demo, I will try some EAs there, but im still looking fr the best broker regardng lowest spreads and such things good for EAs...

Any other recommendations on great Metatrader, $1000 brokers low spread EAs?

Siitari
Sep 10 2010 at 04:07
111 posts
FXCBS looks to be among the top choices for sure but there's $3000 minimum deposit which is rather high for new traders especially. But if one has that $3000 this is the one! (my opinion)

Alpari UK is a popular choice also with smaller minimum deposit.

IAmFX is popular also thought I've never got any profit there on any demo account.


ThinkForex might be good thought lot size is 0.05 instead of 0.01. Currently demoing there and looks good so far thought it's still early.


Main thing is(IMHO) that it's an NDD broker and account(ECN preferred).

Less effort, better results.
loulou69
Sep 10 2010 at 07:27
69 posts
hello,

you can try jadefx STP broker, lower spread, very good for the scalping, wiht EA or without.
😁

andromeda1
Sep 10 2010 at 08:26
108 posts

Siitari posted:
IAmFX is popular also thought I've never got any profit there on any demo account.


Please can you write about this little bit more?
I have just created a Live MicroAccount leverage 200:1 and want to add MegaDroid EA there.

Thank you

andromeda1
Sep 10 2010 at 08:28
108 posts

FAPLive1 posted:
I currently use IAMfx the spreads are very low
Robert😀


Thank You, i have also created an account after this broker recommendation at https://forex-tester.com/brokers.php

stevetrade (stevetrade)
Sep 10 2010 at 08:45
1408 posts
Not sure I would pay too much attention to that site given that his top three brokers are three brokers I wouldn't go near with a $10 nano account.


11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
Siitari
Sep 10 2010 at 09:01
111 posts

andromeda1 posted:
    
Siitari posted:
IAmFX is popular also thought I've never got any profit there on any demo account.


Please can you write about this little bit more?
I have just created a Live MicroAccount leverage 200:1 and want to add MegaDroid EA there.

Thank you


Nothing to tell really. Tried some EAs and they were just losing more than winning. Different settings applied and so on but at the end of the week the balance just had shrinked. Could be news that affected this. Or something else.

It could be that market was bad at those times or bad to the EAs I tested. Could be EAs themselves were no good. Then again once in the same time period with same EAs at work on another broker I managed to get good profit. It was FXCBS.

There are so many variables at work here that final conclusions are hard to draw so I just trust my eyes. There was a lot of red and I like green far more 😄

Still, MD with good settings might work well there(IAmFX).


Just my thoughts, ignore me completely 😎


P.S. IMHO unless one really wants to trade news they should be avoided while using EAs(market tends to move even more erratic, usually any indicator is way too lagging to notice these ups and downs in time). I really wonder why many robots do not have this option of avoiding trading during news events?

P.S.S. Some coder has implemented news avoiding to some version of MD. I myself edited a version of DP to avoid news.

Less effort, better results.
Siitari
Sep 10 2010 at 09:05
111 posts
stevetrade posted:
    Not sure I would pay too much attention to that site given that his top three brokers are three brokers I wouldn't go near with a $10 nano account.




You don't feel FXCBS is any good? I really would like to hear more about this.

(top three seems to be IAmFX, FXCBS and FXCM)


EDIT: Thought I too wouldn't trust this guy very much. He seems to be rather biased in his reviews on EAs. I wonder who pays his bills...
Bulletproof(made by same ppl who made FapTurbo) has been out for... 2 weeks? And it's his top choice. I too bought this one to test it. On forward tests it has so far been losing more than winning. And it seems to use martingale thought I'll have to recheck that one after I get home from work.

Less effort, better results.
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