pipspot

More on Alpari

 

I would just like to throw my 2 pence worth in on this as Alpari has come up many times and re-quotes mentioned.

If you are using signal copiers or auto trading it is a nightmare. I used Alpari UK mainly for manual trading and Asian session scalpers, around market moving news events the re-quotes make Alpari UK virtually unusable.

FXCM UK should NEVER be used for scalpers as the sky high spreads mean most trades will never trigger.

I also use AAAFX for Zulutrade which is only ok for Zulutrade and less than average for everything else.

I Also use IAMFX which uses commission over spreads, however if you trade too few lots a month you get charged $35 for the "free" VPS and it really is NOT worth paying for at all as the resources (memory mainly) are too low and you get a much better Metatrader VPS for less. If you do have you own already you can just alter your services and remove the VPS yourself online.

 

Oh yeah...what is WSF? I don't know either, do you mean Wall Street Forex Robot? Bear in mind there are thousands of robots of these days and apart from MD and very few others most haven't earned a recognisable abbreviation.

Hi everyone,

 

I'm altering my EA's on my VPS and its easy to see that most of them are in either;

 

EURUSD - Megadroid, FOD4, Hirider & GPS (Steadywinner shelved)

GBPUSD - Indorun, FOD4, Turbo Morning Trade (scalpers removed)

 

Then my account is filled with the usual Asian session scalpers. On Zulutrade it seems like most of the high profit/risk EA's are in the GBPJPY, yet my experience of yen robots are very limited are were awful, Ivybot & FOD are two such robots.

 

There seems to be a massive lack of reliable JPY robots, as one of the big four currencies it seems to be totally under represented in the EA market, so how do you diversify your portfolio in the Yen? Please share your experience, results and of course bots ;)

 

Terimah Kasih

I know this thread has never really got off the ground and is a bit stale but I'm surprised there isn't a LOT more on II about Zulutrade I thought it would have been right up most peoples street on here.

 

I've been using ZT since August 2010 with AAAFX who basically are Zulutrade they are even located in the same building and have the same functionality in their Iphone apps its just the look is a bit different. They are on '0' pips commission but you will find that even when your providers also use AAAFX you will see about 3 pips slippage.

 

ZT has its own very easy to use web interface which you can manually trade through but the layout is such that it turns trading into an online game which I totally don't like. Also it is linked to a LOT of brokers more than any other such service so choice and MT4 compatibility is not a problem.

 

The biggest problem has already been mentioned and that is phantom trades, some open and don't close some don't open at all and some orders that get cancelled by the provider open on your account. You really have to monitor your account a lot and this can lead to frustration over when to leave trades open and when to close them and this is also broker dependent and slippage can be bloody awful on some brokers. You really need to limit your number of providers and watch for overexposure and drawdown, NEVER EVER EVER use a scalper provider as your trades will trigger too late, close too late and any profit you would make will be lost in commission and slippage so don't go lower than at least 5 pips average profit per trade.

 

I haven't blown an account...yet but I am down about two thirds of my initial investment even though pretty much all of my providers which I have had show big profits in the same period, and bear in mind that I doubled my money in the first month which kind of smells of letting the punter win syndrome.

 

The sheer amount of choice when it comes to signal providers leads to a want to chop and change which is the exact opposite of successful trading as you are effectively system jumping. The platform is limited and your trades won't match a provider who uses variable lot sizes/martingale.

 

I would strongly urge anyone to ignore the comments above that relate to 100% winning percentage traders, you will find that they are pretty much all using demo accounts with limitless money therefore can take limitless drawdown and probably have no pip spread to account for either and can take a fraction of a pip as a winning trade if they want, they will also carry floating loss as long as they want to protect their 100% record, as ever if it looks too good to be true IT IS.

 

Your usually just indirectly paying to use someone elses robot which is dangerous in itself as you have no idea what it is configured for in S/L until it hits one. Lots of people appear to make money from ZT and I have no intention of removing my remaining stake, but I won't be adding to it either.

 

Last and certainly not least it is free to add money to your account but NOT to do the same process to remove it, the charge is either €25 or $25 so if you are going to get an account do it in USD, and when (not if) you lose money on phantom trades you will receive NO SUPPORT whatsoever even when it is clearly a fault with the platform and nothing else, they still won't pay you back.

@ Freddie equally I couldn't make the inside bar setup work consistently. I guess it goes to prove that as has been said already...the best systems are the ones that work for you :)

I don't agree with the idea of promoting 'simple' technical systems as fx is always fundamentally driven but the 10 minute wealth builder system using the pin bar reversal on the day timeframe is a good starting point, you can trade it on the 4 hour chart for more opportunities but its far more prone to fake outs. As ever demo demo demo

hxxp://r@[email protected]/files/444034853/[email protected]

Blacklisted item 31

There isn't and has never been a system that doubles its money every month, if there was banks would do nothing else. Hedge funds look for 20 - 30 per cent per annum from every market instrument combined while forex day traders try to achieve the impossible with high leverage through over trading until BOOM their account is no more.

News filter version works with FFCAL just use the .dll of the already posted educated version

 

hxxp://[email protected]/files/443662828/EAKAIN_SCALPER_PRO_2010_v1.05_N1.mq4

Yes there is such a system with 95% accuracy, its called...FAP Turbo!!! :))