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HIGH HOPES (By EthicalTradingFX )

The user has deleted this system.

HIGH HOPES Discussion

Ozzie Matt (aeronthomas)
Jun 23 2015 at 10:39
1557 posts
EthicalTradingFX I had never heard of tier1fx.com and they have zero reviews on forex peace army, and also don't even show their spreads on the broker section of myfxbook.com so I wouldn't touch them (established only in 2014!) I only trade systems that are traded on ASIC, FCA or US regulated brokers, too many scams on Russian and other weak jurisdiction regulated brokers... I do see you recommended more well regulated brokers like Pepperstone and IC Markets would be interested to see this system run on those brokerages, with verified accounts etc. that would make the system more interesting and worth a look.

EthicalTradingFX
EthicalTradingFX
Jun 23 2015 at 10:54
14 posts
Hi Ozzie,

the broker is young, but see this as a negative factor is silly.

I appreciate forex peace army but many brokers from their well reviewed then they have done wrong.

I am a trader: the judgment that I do comes from the quality of trading that I can get from a broker.

My opinion of Tier is a very good: it is regulated, it has low spreads, excellent data feed, excellent execution, very low latency, excellent back office


Ozzie Matt (aeronthomas)
Jun 23 2015 at 11:03
1557 posts
This is a good article which talks about the different levels of regulation in different jurisdictions, it's why I only use ASIC, FCA or US brokers. https://bostontechnologies.com/blog/types-of-jurisdictions-for-forex-companies I do see one of your other system is running REAL account with IC Markets, is this EA High Hopes not suitable on IC Markets? Also I see on msql signals you don't recommend this system as the trade duration is so short it won't work well in a copying environment. is it sold as a stand alone EA also? cheers

reza1243
Jun 23 2015 at 14:25
13 posts
There is a similar EA on MQL5 called MicroBot2 which you can rent. It doesn't work though. I tried it on ICmarkets on a Ultra fast VPS etc.. but the results are really bad.

EthicalTradingFX
EthicalTradingFX
Jun 23 2015 at 14:39
14 posts
Hi Ozzie,

IC Market has great latency fluctuations. No good for my EA.

My EA is a scalper.
It makes operations much faster. Trades may not be correctly reproduced by connecting through Myfxbook or MQL5. We are working to make the signal copyable.

MY notice was put for correctness. The MQL5's bridge not bears HFT.
Many people do not know correctness....

P.S. My EA is not for sale

EthicalTradingFX
EthicalTradingFX
Jun 23 2015 at 14:46
14 posts
Hi reza,

my EA is completely different from Microbot

suttos
Jun 24 2015 at 00:14
267 posts
latency arb is where you use a fast price feed (LMAX or Saxo usually) and a slow price feed (like Tier1fx) to generate an arbitrage which you then quickly trade on.

EthicalTradingFX
EthicalTradingFX
Jun 24 2015 at 07:42
14 posts
Hi suttos,

OK understood.

We do not do arbitrage, but we need to have a very low latency because the operations of the scalpers are very, very fast

AFX-Software (afxsoftware)
Jun 27 2015 at 07:37
11 posts
does it also work on tickmill?

EthicalTradingFX
EthicalTradingFX
Jun 27 2015 at 19:15
14 posts
afxsoftware posted:
does it also work on tickmill?


Hi AFX,

we tried Tickmill.

Good commission, good spread, but latency is too high and not good slippage

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