Quote:
Originally Posted by GabyZ  A lot of brokers do this, they hate succesful traders as most of them enter the opposite direction you trade to have a net profit of 0 plus the spread...it's kinda difficult to explain...however they do want you to have trades of a duration of more than 3 minutes, brokers are in msot of cases our enemies, they'll ask you to move to variable spreads and if you don't you'll be lucky to get your first deposit back....those are the brokers with risk management.their acting this way because they're asked to do this by their liquidity provider.
We can trust ECN brokers however.
What they do to fight against succesful traders with EA.
1. Spread Size.
2. Disconnection errors.
3. OffQuotes/Requotes Errors. Especially exit offquote errors.
On ODL more than 240 traders have been banned, be carefull and ask their support if EAs are fully allowed. |
That sounds Sooo illegal to me, any good lawyer would have a field day with this..
Anyways it's good to know, maybe we can start a thread to track the good from the bad.