Stoplevel and freezlevel

Sep 19, 2012 at 08:06
1,067 Visualizações
6 Replies
Membro Desde Aug 10, 2012   68 posts
Sep 19, 2012 at 08:06
Who can comprehensively explain them both to me?
......Keep On Swinging!
Membro Desde Nov 21, 2011   1718 posts
Sep 19, 2012 at 08:50
Hi,

The freeze Level is the range between the current market price and the trade's price you try to place (pending order). If the freeze level from your broker is 10 it means that if current market price on EURUSD is 1.3050, you can only place pending orders @ 1.3060 or 1.3040.
All you have to know is if the freeze level is > 2 pips, you can consider that your broker is really bad!!!
Membro Desde Aug 10, 2012   68 posts
Sep 19, 2012 at 14:42
What of if my broker's freezelevel is less than 2,would scalping and placing of pending orders beneficial to me?
And what is Stoplevel?
......Keep On Swinging!
ForexScam
forex_trader_32776
Membro Desde Mar 28, 2011   1008 posts
Sep 20, 2012 at 00:54
stoploss level is a CUSHION to prevent modifying your Stoploss too close to current price, just like the Freeze level.

both are used to keep scalpers from working as they should . FINFX ECN accounts have 0 for both
Membro Desde Aug 10, 2012   68 posts
Sep 21, 2012 at 10:54
Thanks for your replies. So if i may ask,which one affects scalpers the most? Freezelevel or Stoplevel?
......Keep On Swinging!
Membro Desde Nov 21, 2011   1718 posts
Sep 28, 2012 at 22:17
As Trick or treat said... both are not friendly to traders.
Both are boring to sclap market.
The most annoying is probably the freeze level because you can be to far from the market and your order will never be triggered... you can avoid freeze level so you don't use pending order.
Membro Desde Nov 09, 2012   76 posts
Nov 12, 2012 at 06:38
I would add: stoplevel usually works both for stop loss and take profit.

And freezlevel is kinda old school. My broker doesn't use it already...
If you want to end up with a nonaverage net worth, a “learn from someone else” attitude is paramount. Putting your ego aside and admitting that you don’t know it all isn’t easy, but it is the mindset of true winner ----Paul Tudor Jones.
Autenticar / Sair to comment
You must be connected to Myfxbook in order to leave a comment
*Uso comercial e spam não serão tolerados, podendo resultar no encerramento da conta.
Dica: Postar uma imagem/URL do YouTube irá incorporá-la automaticamente no seu post!
Dica: Insira o sinal @ para preencher automaticamente um nome de utilizador que participe nesta discussão.