There are actually legitimate forex brokers in Malaysia which are the banks. Some do have online platform (not MT4) but I doubt if they will give you leverage at all. So, basically you need about 100k USD to trade 1 contract of EUR/USD pair.

There are also prime brokers (Maybank and so on). I am sure they offer leverage for forex and other products. However, for prime brokers you need around 10 million minimum.

Hi, Can you post the equity curve of your system? I would like to see it's profitability.

Thanks for posting, but this is a martingale system. Very very risky.

Based on my experience in algo trading, for a martingale system to work well, you need to have high winning rate.
In your case, it's 60%+ which is considered okay. If you can improve your winning rate and maintain your reward-risk ratio, you are good to go.
You have to make sure your consecutive losses are toned down. Yours is 8, which is considered high. However your average is 2, which shows that the 8 is an outlier event. So, it will happen only once in a blue moon, and will possibly blow up your account.

Overall, an okay system. Just don't risk everything. Always withdraw from time to time.

Let me know if you need anything regarding system development and coding/strategy optimisation (not parameter optimisation).

Usually in order to increase your winning rate you will need to add a filter or two. It depends, it could be indicator based, price action based, time based, and so on. Your number of trades will be reduced resulting from the increment of your winning rate. It's a good thing because your risk adjusted return is improved and you can actually risk more per trade, and of course make more money.

As for my strategy, it's a trend following system, based on momentum and price action. My winning rate is around 50% and no martingale (because my risk-reward ratio changes all the time, not fixed). I trade on high timeframes and very diversified (Forex, Equities, Indices and Crypto). Very stable and very scalable.

My recommendation is you have to find a system that works on various markets if you want to smoothen your equity curve (through diversification). By smoothening your equity curve, you could risk more and gain more rewards.
However, if you want to trade only on one pair or two is also fine. Your strategy will be optimised for that particular pair. The drawbacks are, you will not be able to scale well in the future (forex should not be a problem), could not diversify to smoothen your equity curve. You equity curve would be volatile and not suitable for placing a higher risk on a trade.

Rule of thumb:
1. Diversify
2. Look for a way to smoothen your equity curve.
3. Improve your risk adjusted return.

This post has been edited by duplicated: Apr 22 2018, 02:17 AM

Because it doesn't work that way. The system will not be a profitable system without the martingale.

OANDA.

Tried. Once I kena IC markets 100 over pips spread, and hit my stoploss. That was many years ago.
OANDA has better track record.

Can't remember. I contacted their support and their support showed that at that point of time the spread is such for that pair, which is ridiculous. Many hit their stoplosses.
It only happened once and it was years ago.

I was talking about ICMarkets.

So far no problem depositing and withdrawals.

Do you offer MT4?
Can you provide the link of you broker.

thanks

I am using credit card for ICMarkets and TT for others. If your credit card is expired, renew it.

Shouldn't be a problem, but please confirm with their support staff.

I am not aware of any forex brokers paying the interest. Only swaps.

Why don't you install MT4? It's easier because you can copy using an EA written in mql language.

Can you explain your situation on why you could not use MT4? Maybe we could help.

This post has been edited by duplicated: May 29 2018, 01:46 AM

Like the other member suggested, If web client is available then it would be easy.

In case your broker does not provide the web interface, just use the MT4 to write the trades into a file (local directory) and use cTrader to read them.

How's the performance?
Can share the results so far?

May I know which bank?

Because I am planning to withdraw a huge amount (> RM60k) next month. Closing the account.

I have been withdrawing smaller amounts using Public Bank without any problem. I am just afraid there will be a problem if I withdraw a larger amount.

This post has been edited by duplicated: Jul 5 2018, 06:31 PM

Thanks. Looks like I have to withdraw a few times then.