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Jacpin, it is really great to do diversification, but I see that you might have a problem with the broker or to limit your trading with one EA per asset.
However, do not be disappointed the laws are laws and we can not do anything about it.
But if this is the case you can look for diversification with different currency pairs….there are so many. As well you can go for the assets, stocks, indexes. The good thing is that EA Studio has no limitation about the assets and you can generate EAs for everything.
Hello Thyago,
I did not have problems with FX blue so far. Did you succeed to synchronize your account with the website?
If you did it should not be lagging, with every click on different section or with refresh on the browser, you should see the new results.
Also, make sure you have closed trades in the account, and not only opened trades. The statistic will update when there are new closed trades.
Once again I had no problems with FX blue so far, but it could be somehow frm the server of your broker..
Let me know how it goes
Hello David,
quite interesting here. As I said to Jacpin I am not in US, and I can not really give 100% answer about the FIFO violation. Just I do not want to mislead you. But I have read a lot and many traders complained about this limitation.
Anyway for the trading I could help you of course.
First, when you say your friend is trading with the same broker, do you mean the one Jacpin uses or yours? It would be great to share the name(just do not put links). This way the other US traders will have an idea which broker could be used.
Now regarding the trading, I get your idea. One thing is in FX BLue you should start looking in the results for the pips, and not for the Net Profit. You will need to find which EAs make most pips.
The whole idea is not really hard to be done, specially if you know what you are doing.
That RPA that you mentioned places all the EAs you have in the folder to the opened charts? Only for one currency pair or for all?
Kind regards,
Petko AGood point here Thetrader. The EAs open new positions on the opening with the new bars(with EA Studio). So if you restart the computer in the middle would not interfere the trading at all.
It is hard to make a conclusion for your broker from what you say. If you have only two EAs for one asset it is possible that you are following the Fifo rule.
The rule stands for First one in, first one out. If one of the EA opens trade, and then the other one, and then the first one closes first, you are not violating it. And if the broker keeps the rule, basically you will see a massage that the second trade can not be closed before the first trade is closed.However, I am in Europe, and I never had a problem with, I just read a lot about it, and many traders from US complain about this rule. As well from my experience working for regulated brokers here, I know they avoid the traders from US.
But I think if your broker violates something, it is their fault and not yours. But if they do, make sure to check if they are not scam. For example try to redraw small amount, and if they start asking, and make it difficult, than you should pay a lot of attention to it.
Jacpin,you need to check if it is your fault to trade with them.i mean if they allow it, you trade, you redraw money and it is fine, did you try to redraw?
It is really strange that the most democratic country is puts such restrictions, and the FIFO violation s just a too, to push the traders to their stock exchanges
I have placed it all on my laptop and my computer and it is fine. Even I restart it all, the 99 EAs continue to manage the opened trades, the worst thing is to miss a trade. But I am trading on M 15 so I restart it between the opening of new bars, and I do not miss trades.
Yes, if you are in US and your broker allows hedging and makes FIFO violation that is quite suspicious, are they regulated?
Glad to hear you learn new things Stephan, and I am sure there will be much more to learn.
I highly appreciate everyone who joins the forums and share experience. This is the best way for everyone to learn.
Hello Jacpin,
here got interesting to me too 🙂
Since you are based in US does your broker allow trading around the FIFO rule? Or you are just trading one Expert Advisor per currency pair?
Regarding the data of the brokers, we never know that. Even the company is old, we never know what data we provide. Nothing to do about it…if it works for you that is great.
Hey David,
Gooood question here…i really do not remember that to be honest with you. I remember there wes some extra cost for the Windows server, but I believe it with shared server.
I do not want to mislead you, so you better contact their support and ask them what exactly their plans include. Also, it is possible to have some changes since I have used it.
kind regards,
Petko AYou are right, Jordy! What Petko teaches in his classes is just precious. I often blame him that he gives the courses so cheap 🙂 🙂 🙂
That is so useful information Jacpin! I do not think there is a difference if you will go from D1 down to M1 or the other way, because the time frames are not connected in anyway. All wee see is the Open , Close, High, Low values for each time frame.
Just this broker provides a lot of data which is great. I never heard of them. I will check when they started as a broker, because if they are company after 2012, this means that the data would be not real, but they just took it from another broker or liquid provider.
Thank you again for the information. I will check them out.
Thanks indeed.