Forex Identity users can now Freeze the EA from entering New positions once a Basket is closed out. The FreezeMode works in conjunction with SafeMode therefore the Buy or Sell OrderLevel must be greater than the SafeMode before the FreezeMode engages. Once the FreezeMode is engaged, it will Freeze that direction after the Basket is closed out at profit.
Therefore, the EA will Freeze only the Buy side if the Buy OrderLevel is above the SafeMode and the Sell orders will continue to trade until the sell OrderLevel also reacesh above the Safemode. At that point, the Basket would need to be closed out at a Profit and then the FreezeMode will be fully engage. FreezeMode would then prevent any positions from opening in both BUY and Sell Directions. Forex Identity will need to be restarted be re-initializing (re attach to chart) or FreezeMode must be turned OFF, than back ON, if the user wants to use this feature again.
It is Cents account, it shows $136 on FXbook chart, But it is really 13,600 cents, Do not put $136 to run it, it will blow up your account.
Also, Just one thing to warn user of XEmarket, They don't like Forex Envy because it keeps on modifying basket orders and it overloaded their server, as most Grid martingale EA will modify basket, you never know they like it or not, may be, they fix their server overload problem now.
This EA looks pretty good, reasonable profit and low DD, most important, you look at long/short won are higher than other EA, beside, profit factor is amazing 5-6, it is hard to see anything more than 2.5, anyway, time will tell, we will really see this EA when crisis come with true DD.
Just find a discount link for it, not sure that it is real or not.
You should also consider set up some IB brokers link under your webpage, I have been using Forex Envy for few months, ( Forex Envy do lots of trades), I paid more than $500 IB fee( More than I paid for Forex Envy $379) , (Their broker link embeded with IB code, They never tell you about this, I don't mind to pay for IB as long as their program is good anyway.
Just a suggestion. You might consider put your live cent account in Trade Fort, Their bonus is almost real while XEmarket 's bonus is fake. Beside, Trade fort spread is lower than XEmarket Both broker's data are very fast. Trade fort has free VPS for deposit more than $1,000 Unforturnaty, Trade fort is not regulated, so no big money. Trade fort has server problem once awhile.
@Rickyv101 - contact me at [email protected] and I can help. What is your native language? Just PM me if you like. Wow, thanks for sharing the info these brokers, I had no idea they had rules for internal transfers. To me, that is not fair at all. Especially at XE. ( Closed Trades). Terrible.
Very Aggressive Setting. These are the setting that I'm using Live. Actually I started out a little underfunded, but My Balance is almost in line with these figures. NOTE: at this level, you would need a High leveraged Account, otherwise these setting wouldn't work for you. ( you couldn't reach level =10)
$3000 Per Pair on Std Account - IBFX AU minlot 0.01 = 1 pip = 10cents $300 Per Pair on Cent Account - IBFX AU minlot 0.01 = 1 pip = 1cent $30 Per Pair on nano Account - XeMarkets 0.01 = 10 pip = 1cent
These setting are smarter. This would increase your Pip Window Significantly $10000 Per Pair on Std Account - IBFX AU minlot 0.01 = 1 pip = 10cents $1000 Per Pair on Cent Account - IBFX AU minlot 0.01 = 1 pip = 1cent $100 Per Pair on nano Account - XeMarkets 0.01 = 10 pip = 1cent
What is a Pip Window? The Pip Window is the amount of Pips the Market can move against you once you reach Level 10 without running out of Margin!
**&%&*# *** Remember this is PER CURRENCY PAIR YOU TRADE
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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