http://www.bestonlineforexbrokers.com/Top-...ex-Brokers.html
http://www.fxstreet.com/brokers/forex-brokers
http://mymetafx.com/mos/Frontpage/Itemid,1

0.20, 0.40, 0.80, 1.60, 3.20, 6.40, 12.80..... Some sort of Martingale.

You need a very very large margin. What is your maximum number of trades set to?

When it reaches the maximum number of trades (or before even), and the trend is still against your positions, it will wipe out your account. Before that happens, it looks very good. Do a backtest over a sufficiently long period of time, like say at least 6 months, and you will see what I mean.

It's not just the leverage (lots) but the profit/losses which add up to the total drawdown as you open larger and larger positions. The pip-gap before opening up the next position is only 20-pips which is small relative to the range the USDJPY pair can move within a day, which makes it more dangerous.

How did you decide on 20-pips? Do you know what conditions causes it do a SELL LIMIT instead of SELL? Do you have the mq4? Or just the ex4?

Hey, but if it works - great! The reason you are telling us is because you are going to share the EA, right?

Just go into Tools / Options / Server. Tick Enable proxy server, click on Proxy button, enter Server as server_name:port_number and select HTTP on the side. Click OK.

"web-proxy" doesn't look like a proper domain name. If you really are going thru a proxy, your web browser should also have the proxy domain name set in there, so have a look and see what it says.

The one on the right.

I'm working on a couple of EAs. Can't say they are my own, cause they are put together from code examples from different places. You cannot just take an EA and expect it to work. Different pairs will behave differently. Even the data on the same pair from different brokers will behave differently.

That is the fun version, I don't think it makes any money...

This post has been edited by howszat: Jan 7 2009, 10:36 PM

It's actually not the MACD going up but the moving averages going up.

With MACD you should not look at the moving averages themselves but the histogram and the signal line (which you don't have in the chart).

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Added on
Had another look at your graph. It doesn't correspond to the MACD or MA on my charts, so I don't know what they are!

This post has been edited by howszat: Jan 19 2009, 12:01 PM

Or you can have the brokers hotline handy, and ring them to close.

A scalper? Based on Fractals? Amazing numbers, whatever it is..

This thread is talking about forex. Anything related to forex, including forex brokers.

No, you are not wrong. That is how it works. However, the actual margin requirements may vary with each type of account/broker and on MT4, you can query exactly what that is by using the MarketInfo function call.

This post has been edited by howszat: Feb 11 2009, 03:05 PM

No, just agreeing with you. I've added more details but you were too quick.

The person you are asking doesn't appear to know, that's why you were getting responses that avoided the question.

In fact, you have already answered the question yourself. A higher leverage means you can open bigger lots with same margins compared to a lower leverage. In other words, for the same amount of your money you can open bigger positions. Another way of looking at it is you need less of your money to open the same position if you have a high leverage. That's the good edge of the sword.

With bigger positions (lots) potentially you stand to gain more or lose more. That's the bad edge of the sword, and hence the risk. But it's not really an issue if you understand what it means, and avoid opening bigger lots because it looks "cheap". It is the size of the lots that contribute to your winnings/loses, not the margin.

And the name of your "bad" broker is?

IBFX.

Did I read that correctly? Insisting on you faxing copies of (identification?) documents is bad?

Why?

Care to name the broker?

Have you checked it's not your account having expired or something like that. You can see the log under the Journal tab.