Cast Iron Man Tradency Feed Diskusia

Hi Steve,

This EA of yours is slowly but surely growing the account for you. Any plans to go in for a real account test any time soon? Or are you still fine-tuning it in your fwd-test ? Looks like it might just about clear the 40% mark for the year, which is great by any standard for totally automated trading.

Wish u all the best with this one.

P.S : ahh.. just noticed that this is a feeder account. So I assume it's already trading a real account for u?

Hi Ranesh,
Yes this is a feeder account to Tradency, all trades are 1 lot size - which is what Tradency stipulate. So in reality it would be more profitable if the risk was scaled up to match the account size.

I used to trade it live here.

https://www.myfxbook.com/members/stevetrade/cast-iron-man/9591

But I closed the account a few months ago as FxPro put the trader side plugin on my account after I returned 120% in the first two months. It was never the same again.

I was planning to put it onto another live account but I've moved onto other projects now that promise far better monthly returns.

I am currently in discussion with another company with the possibility of releasing an improved version in the new year for people to trade but nothing has been confirmed yet.

Hi Steve,

That's a shame about FXPRO.

FXPRO > doesn't really seem to have a decent reputation. Looks like there are other traders who have been profitable and have had trouble with them as well.

Well, I wish you all the best with the project and look forward to seeing the new EA in action.

Have a blessed weekend.

Thanks Ranesh, you too.

'But I closed the account a few months ago as FxPro put the trader side plugin on my account'

Would you (or anyone else) be so kind to explain what 'trader side plugin' means?

It's an MT4 plug-in which allows brokers to:

1. Confirmation of the clients' requests with regulated execution delay up to 5 seconds and recheck of Limit & Stop Level and Freeze Level.
2. Processing of pending order activations, Stop triggering, and stopouts.
3. Confirmation of requests on stream prices (Instant Execution) with adjustable permitted slippage.
4. Watching symbol gaps, during which pending order BUY STOP and SELL STOP and stops of open positions are activated not at the client's requested price, but at the gap price.
5. Automated moving up the Limit & Stop Level and Freeze Level according to the preset list of news time.
6. Disabling (setting,modifying,deletion) of pending orders during news receiving.
7. Working in parallel with real dealers. In this mode, only those requests are processed the volumes of which do not exceed the preset level.

Wau, thank you for explanation, but don't all brokers do this 'cheating'? How do we know what broker is honest then?

pingvin posted:
    Wau, thank you for explanation, but don't all brokers do this 'cheating'? How do we know what broker is honest then?

You will know, it's quite obvious. On the other hand market makers tend to have perfect execution for those who lose and and start being unethical(using dealer plug-in) only after they realize you're winning, cause your win is their loss.

Unluckily most of the brokers are market makers and THEY NEED YOU TO LOSE just to exist.