Forex Funnel

[cre8er]

The value of nano lots with brokers is confusing me.
Mostly because a lot of them don't post this info.

With a lot of brokers, It seems, their mini-lot value is the same as the value of a standard lot, they just let you go to .01 lots at the same value.

My current broker is IBFX and their mini account .01 lot value is scaled the way it should be, but you go to forex4you and it's not. You end up needing the 3-5K to start.

Has anyone found a hedging broker that actually scales the mini account lot value such that one could run FF starting with $500?

[beatsme]

i couldnt find it too... and i found the same issue you stated cre8er...if you find any broker besides ibfx that offers nano lots let me know...

ibfx announced they will open a uk office, maybe it will the better option.. but when? i hope soon.

another thing about ibfx is that they max leverage will be 1:100..

[hotsawce]

Originally Posted by beatsme

i couldnt find it too... and i found the same issue you stated cre8er...if you find any broker besides ibfx that offers nano lots let me know...

ibfx announced they will open a uk office, maybe it will the better option.. but when? i hope soon.

another thing about ibfx is that they max leverage will be 1:100..

Did you try forex4you?

[pipdetector]

Believe it or not, but I still have not registered a single trade with FF...

[beatsme]

well its your broker so

im demoing at ibfx and last week and today its closing trades like crazy... all in profit of course

[pipdetector]

I guess I will need to check with another broker , but I must admit that I am not too happy adding yet an another one. So far I have 3 brokers, of whom 2 do not seem to work with FF and the third is offering only 100:1 margin now, so I count it out...

[pipdetector]

Alpari UK demo -- works.

It took 30 seconds to start a trade... So indeed it seems that FF must be somehow "ignored" by some of the brokers.

[mitaji]

I just did some calculation on this system. I think you need to be careful trading this system. If you have you broker offering 1:500 leverage then you need $2.00 margin to trade 1 micro-lot. If your take profit is 20 pips and open trades every 20 pips that margin requirement can rise to a staggering $4,094 if the market spikes 200 pips without retracing. You will also be down $4,072, so in total if you are 200 pips down you need more than $8,166 in your account.
Now I've been trading this market long enough to know that a 200 spike will come when you least expect it and it most likely not be a scheduled news event.
The only safer option would be to wait for IBFX to open their London office next year. They will offer nanolots and upto 1:500 leverage . Forex4you offers nano lots but they are not regulated by the FSA and are located in BVI. No thanks.

[pipdetector]

mitaji: Agree. It seems that you need to have a lot of free margin and sizable starting balance to set it off automatically. Nano lots seem optimal, but I do not see any chance for emulating Killer-B's results this way. So it's either the safer way (not so impressive results) or the dangerous way (impressive, but you can wipe your account clean -- literally).

[hotsawce]

Originally Posted by pipdetector

mitaji: Agree. It seems that you need to have a lot of free margin and sizable starting balance to set it off automatically. Nano lots seem optimal, but I do not see any chance for emulating Killer-B's results this way. So it's either the safer way (not so impressive results) or the dangerous way (impressive, but you can wipe your account clean -- literally).

I'm on the fence with forex funnel now. I can't pull the trigger and make a decision.

Is there any EA that looks to be a compromise between the slow, sure returns of Megadroid and Robominer and the astronomical returns of the riskier Forex Funnel?