AlonFx10/30 (by alonfx) Estadísticas rápidas
El usuario ha borrado este sistema.
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AlonFx10/30 Discusión
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cinlung

Miembro desde Jun 27, 2010  21 mensajes cinlung Nov 17 2010 at 14:38
Thanks Nick, swnke2 :) Is it possible to post your trade report?red

alonfx

Miembro desde Oct 22, 2010  37 mensajes Peter Harding (alonfx) Nov 22 2010 at 09:48 (editado a las Nov 22 2010 at 09:54 )
hi,
We have verified trading Privileges this morning, it should turn to verified status soon.
We have enabled open positions
Stop loss is not greater than 30pips, so no open large losing trades.
Worst cyclical DD we expect is 6 losers in row. (-180pips).
System will trade more in Late USA / Asia than Europe session.
We hope to add NordMarkets ECN this week as alternative broker.

Bringing you a Brighter Future in Forex
PRandell

Miembro desde Nov 12, 2010  31 mensajes PRandell Nov 22 2010 at 20:55
Hi Peter,

It's great to see that you've made the changes. I'm sure everyone here appreciates the transparency. Your system looks great. I for one would be glad to try it out, but I'm not sure I agree with your choice of brokers. A simple search for NordMarkets in Google show nothing but bad reviews. Is there a reason why you cannot open a relationship with a well-known broker? There are plenty of big names out there. If your system performs the way it has been, it deserves to be put on a superior broker. No one will trust their money with these little brokers who may disappear with their clients' money. Please let us know if you have plans to open with a broker which has a name that's recognizable. It doesn't have to in the leagues of e-trade or shwab, just someone we all recognize and trust.

Thanks,

P

PS. I really meant what I said about your system. It's really good.

alonfx

Miembro desde Oct 22, 2010  37 mensajes Peter Harding (alonfx) Nov 22 2010 at 21:04
Hi P,
Finding ECN MT4 execution broker with low spread costs, low client deposit, has MT4 MAM and accepting global client is not simple.
ATCBrokers and FXOpen ECN are another 2 candidates we are investigating.
In actual fact whilst FXCBS reputation does not preceed them, their execution is excellent.It is a pity their 'image' and branding is weak.
Watch this space.

PH

Bringing you a Brighter Future in Forex
PRandell

Miembro desde Nov 12, 2010  31 mensajes PRandell Nov 23 2010 at 02:27
Hi Peter,

Thanks for explaining it. I can see your point. Perhaps you can use FXCM. Here's a link to the mt4 platform option:

https://www.fxcm.com/metatrader.jsp

I have used them for many years, and I've never had any issues with withdrawals. I'm not sure if it suites all your requirements, but at the very least it has an mt4 platform, they accept global clients, and require low deposits. I don't work for them, and I don't get paid for posting this about them. I'm simply stating the fact that I've never had to worry about my funds with them. I can't speak for everyone else here, but if you had them as a broker I'd invest tomorrow.

P

cinlung

Miembro desde Jun 27, 2010  21 mensajes cinlung Nov 23 2010 at 07:25
Yeah I agree with FXCM, low spreads and deposit many representative offices around the world.

triantafc

Miembro desde Oct 23, 2010  4 mensajes triantafc Nov 23 2010 at 07:36
another good choice with very fast execution could be inova
https://www.inovatrade.com/

alonfx

Miembro desde Oct 22, 2010  37 mensajes Peter Harding (alonfx) Nov 23 2010 at 08:47
Hi,
Whilst we agree FXCM covers nearly all the ground, the caveat is spreads. When the spread is 1-2pips higher (like FXCM V FXCBS), it can actually negate the strategy. Obviously, this is highly problematic when we can't match FXCM performance to FXCBS.
E.g
EURUSD + USDJPY in region of 0.9pip spread now in FXCBS, in FXCM 2.5 approx. EURCHF 1.7 FXCBS, almost 4 FXCM.
When a strategy like this is having small TP, every pip counts. It is fine line between success and failure.

Bringing you a Brighter Future in Forex
ecnscammer

Miembro desde Jul 29, 2010  53 mensajes Jim Morrison (ecnscammer) Nov 23 2010 at 08:57
Yeah, FXCM are very bad broker in terms of spread and MT4 reliability. Wouldn't recommend them at all. MT4 really sucks or at least sucked when I had live account there 1 year ago.

I need your money to buy more drinks and women. Secure investment.
PRandell

Miembro desde Nov 12, 2010  31 mensajes PRandell Nov 23 2010 at 14:58
Peter,

I think you'd agree that it is far better to give up a pip or two out of the 10 your system takes in, than to wake up one day and realize you can't get your gains out of a broker because they've closed their doors and disappeared. As for spreads being much higher at fxcm, you may be able to negotiate a rebate program from them if you contact them. Most brokers are open to some sort of compromise.

Jim,

None of profits matters if you can't get your money. The more you make, the more it's going to hurt when you see your broker was a scam. Do a google search on any of forex brokers mentioned so far in this discussion and you'll see that most of are not NFA registered. Most are based in countries with NO regulation, and most have complaints lodged against them precisely in reference to an inability to withdraw money.

I don't care how fast a broker's execution is, or how low their spread are when comparing to their ability to keep my money safe. None of it matters if i can't have my money back. You might think this sort of thing doesn't happen. The sad part is that it happens far too often.

We can all sit here and offer up names of brokers with a millionth of a second order execution system, or someone that has the eur/usd spread at .5, but in the end no one here should sign up with any broker if it doesn't have a track record or a name that's been around a while. These are the ones most people online would say are at least big enough and visible enough to warrant some feeling of trust. TDameritrade, Interbankfx, OandA, FXCM.

Peter if the only problem with FXCM is that their spreads are a pip higher, then I'll take it. I'll put my money where my mouth is, and play your system if you can setup an account with them.

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