Forex rebates on every trade - win or lose!

Anything uCan do, iCan do too.

Can you make cable fall

If you give me a week, Jeffie, I'm sure I can oblige. In the meantime, try turning your chart upside down because all the charts I'm looking at say it's going up!

Blimey! I surprise myself sometimes. I didn't realise I was that good.



Would you like me to walk on water too?

:o)

Hiltops
I guess you have seen this from IBFX

Interbank FX is introducing 5th decimal pricing!
As part of our continuing commitment to delivering the optimal customer experience, we are introducing 5th decimal pricing on our currency pairs. The 5th decimal prices will be available on our primary demo server "InterbankFX-Demo Accounts" starting Sunday evening at 8pm EST on April 12th, 2009

Why 5th decimal pricing?
Adding the 5th decimal point can reduce the spread, or difference between the buy and sell prices of a currency pair. You may notice tighter spreads as we enable the 5th decimal pricing on our trading platforms. However, spreads are not fixed and may widen in volatile conditions.

How will this affect Expert Advisors (EAs)?
Most EAs will be affected by the introduction of the 5th decimal point. Please make sure that you have adjusted all pip value related parameters, such as take profits or stop losses, to allow for the additional decimal point. For instance, if you are currently using a stop loss level of 20 on a four decimal pair, you would have to change the value to 200 to get the same execution on a pair with a 5th decimal. Please be aware that some EAs will need fundamental changes to ensure that they will work as you expect. We would suggest that you use your EAs on our demo accounts before using them on your live account to ensure they are working properly.

How does this affect Stop Losses, Take Profits and Maximum Deviation?
All take profit, stop loss, trailing stops and maximum deviation values that are expressed in points should be multiplied by 10. For example, if you would like to enter a Maximum Deviation of 5 pips, you would enter 50 into the Maximum Deviation field.

How does this affect the profit / loss values expressed in the Trade tab in the Terminal?
All profit & loss values already incorporate the 5th decimal place adjustment when they are expressed as Points in the Profit column under the Trade tab in the Terminal window in MetaTrader.

Does this affect Trailing Stops?
Yes. When you are setting a trailing stop value you will multiply it by 10.

How do I connect to the demo server offering 5th decimal pricing?
Many demo accounts currently use the server titled InterbankFX-Demo Accounts (mt4-demo1.ibfx.com). Those accounts will immediately see the 5th decimal pricing. Demo accounts configured to use the server titled InterbankFX-MT 4 Demo Accounts 2 (mt4-demo2.ibfx.com), will need to open a new demo account on InterbankFX-Demo Accounts. If the correct server is not listed as an option when opening a new demo, select Tools, Options, Servers on the MT4 Client and enter mt4-demo1.ibfx.com in the space provided. Click ok. The server should now appear in the list of available servers on the Trading Servers screen.

Indeedy Jeffie. Alpari and a few other have been on 3/5 digits for sometime.

Pas de probleme.

And Hiltops EA's are very clever and work out how many decimal places the prices have and adjust accordingly.

Pas de probleme :-)

Actually they halve the digits, round the result down to an integer and then double it. It then compares the result with the digits and multiplies SLs, TPs, etc by 10 if they are different

So 2 and 4 digit symbols match and keep their original stops. And 3 and 5 digit symbols have their stops multiplied by a factor of 10 so that they still function as intended.

Pas de probleme.

Notice to Members I-09-10
April 13, 2009

Effective Date of NFA Requirements Regarding Forex Orders

NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 regarding forex orders. The prohibition on carrying offsetting transactions will be effective for any positions established after May 15, 2009.

Hils, dont know whether you can help, but saw a very interesting 15 min chart the other day, where the candles were colour coded to macd. Wondered if anyones come up with something similar for MT4?

Are you sure they're not just Heiken Ashi candles, Gofe?

edit: Heiken Ashi - a better candelestick.

please sing to the weather girls "its raining men"



Spot has started rising,
Downside interest's getting low
According to our sources
There's panic in Tokyo

Cause in Q4 for the first time
GDP was worse than minus ten
For the first time in two years
It's gonna start raining yen

It's raining yen
Hallelujah
It's raining yen
Amen

I'm gonna go out
I'm gonna let myself get
Absolutely soaking wet

It's raining yen
Hallelujah
It's raining yen
Every specimen

Oz, rand, the B-R-L
Even Turkey too- wow, bloody hell!

God bless mother nature
With some help from the Kampo, too
She took a call from the MOF
And did what she had to do

She taught the market who's the boss
And put a bid under every yen cross

It's raining yen
Hallelujah
It's raining yen
Amen

with the upcoming budget quite happy to stay short sterling on rallies as iam sure mr darling will try to slip another 10 bill onto the balcne sheet and hope no one notices

I know it's been falling today, mos, but there's an upwards ChocolineTM on cable going through the lows since 11th March and the price is still above that line. You can see it clearly on the 1 and 4 hour charts.

no its not ashi, genesis(think thats their name) software do it, probably send you an email with it if you want, think it looks really interesting if you use macd to trade with

chocoline lol

there is defiantly a diversification play going on with the euro being the main currency being sold and GBP,CAD,AUS have been certainly been the flavor and overall i think GBP will outperform this year,in the next few days however mervyn has clealry told gordon that the pot is dry,,but they may try to force more debt through.look at GBP performance since QE and you can see the market is clearly behind the BoE.

if you want to look at an intresting figure take a look at the latest figs on US credit card debt 8% offically but more likie 15 %, this overall will point to a lower us$ going forward.

also if you watch gold people talking about a serious top being put inplace here but i am not sure i still subscribe to the $1,000 and above camp

Hils, in post 10549 you forgot about taking away the number you first thought of. I think it would change everything :o)

That sounds a bit flakey. Was it 99, Helen?

:o)

Gofe,

So how do the MACD candles work then. Do they paint one colour if the MACD is above the signal line and a second colour if it's below? Or do they use a zero line crossover (this is the same as an EMA crossover)? Or do they paint 4 colours to take both conditions into account?

I'm not sure if I've seen them or not. I've certainly seen a multicoloured tape which paints in a seperate indicator window. You can also get indis which paint an arrow when the MACD crosses over.

The Heiken Ashi indi is free for MT4, so it would be quite easy to recode for MACD instead.

Hils, three colours, green when macd and hist are above zero, red when both below and black when you got one in each camp. will have a look at ashi

Nobody's offered any comment on my post 10550, but I think it's very important to be aware of it, particularly if you use a US brokerage.

If people want to use multiple MT4 EAs on the same account for instance, and one opens a cable long based on the H4 chart and another opens a cable short based upon a signal from the M1 chart, there will be a problem because the broker will close all or part of the first position instead of opening a new second position as he would now. It will signal the end of some of the Martingale strategies which open simultaneous opposite positions.

The immediate solution seems either to open multiple accounts or find a broker which is unaffected by it.

I received an email about it 2 or 3 days ago from IBFX, but it appears that other brokerages are doing the same.

Aside from anything else, I don't really understand the logic behind it and I wonder how far it will spread.