Forex rebates on every trade - win or lose!

Both back OK now, may have been maintenance while the market is closed, hope yours is OK as well SC.

Yup, mine OK now too. Wonder what that was all about? Also have 2 open positions, although one has a profit locked in and the other has TP & SLs set.

Edit, guess it must have been someone doing maintenance somewhere.

http://www.telegraph.co.uk/finance/economics/5586543/Is-this-the-death-of-the-dollar.html

For Hils

Autotrader

Thank you Hils - I was the right side of this move :-)

CSI: Forex
Written by Jamie Coleman
July 8, 2009 at 15:58 GMT

Theyre dusting for prints (only because you cant dust for vomit..) in USD/JPY, EUR/JPY, AUD/JPY after the cancellation of a single Australian coal cargo acted as the straw that broke the camels back on the notion that Chinas will lead the world out of recession.

Once stops below 93.50 were triggered USD/JPY fell to 92.74 n a flash while EUR/JPY slumped as low as 128.63.

AUD/USD hit an air-pocket which took it from 0.7850 to 0.7765 from which is has struggled to bounce.

You only see moves like this a handful of times a year. Hope you were on the right side.My guess is that Mrs. Watanabe was not

As we write, EUR/USD is falling to fresh lows along with the equity market. Risk is very much out of fashion. EUR/USD trades at 1.3852. 1.3825 is support amid talk of 1.3800 barriers.

435 Trading Credit - Youll be bowled over by this offer!
To celebrate Englands fantastic first innings performance in the first Ashes test, ODL Markets will give you a trading credit (in sterling) to match their 435 runs.

Thats a 435 trading credit when you open a MT4 Forex account.

All you have to do is open an MT4 account with ODL Markets by 12th July 2009

And if 435 doesnt take your fancy, ODL will be running this for the following 4 test matches. So if you think there will be more runs made by the first batting team in any of the remaining tests, then wait and see what happens!

And better still, if England does regain the Ashes, ODL Markets will add an extra 50 worth of trading credits in your account!

All you have to do is open and fund an MT4 Forex account with ODL Markets during one of the days in each of the five test matches* and ODL will put trading credits in your account.

Sounds great. Do they have a good platform, reliability,integrity, all that you could wish for in an on line forex broker and more ?

I use ODL for spreadbet and forex on MT4. Not had a problem and would recommend them.

With the Aussies resuming at 230-1, I think ODL's 50 is looking safe.

:o)

I wonder how fantastic it will look tonight!

jm, your odviously not a scalper! get more requotes than cmc(and worse prices)!

Only thing is, this isn't money they're giving, it simply adds to your leverage, but can never be withdrawn. Pretty pointless imho unless you use every inch of your margin. And they'll remove it after a while. Had the same sort of offer with Alpari, and was quite happy when they took the trading credit back.

Sounds less appealing, thanks for the insight, better the devil you know!

I read today that WinalotTM is number 490 in the top 500 consumer brands. :-)

The branding needs a bit more work yet, DelBoy, but I think you'll find it's actually NUMBER 1 in terms of performance!

Test results here

:o)

Message from Alpari:

MetaTrader 4 Micro accounts - server upgrade Sunday 26th July 2009

Due to increasing trade volume, and to maintain the highest quality of execution, we are significantly upgrading our server capacity from Sunday 26th July 2009.

From Sunday 26th July, Alpari (UK) Micro accounts will be managed via two separate, dedicated servers. A proportion of Micro account holders will be managed through the new server and those account holders will require new IP address settings.

The server upgrade will be completed by midnight on Saturday 25th July so that trading can continue without interruption at market open at 23:00 on Sunday 26th July.

All Micro account holders will also receive an email with information regarding new IP settings.



Who does this affect?

Micro accounts requiring action: Account No. 35000 onwards

For these accounts, Micro 2 will be the dedicated server and should be selected from the MetaTrader 4 login drop-down menu.

Micro accounts requiring no action: Account No. 1 34999

Those clients whose Micro accounts require no action can continue to use MetaTrader 4 as normal.

Regarding the new hedging rules. I didnt realise this applied to pending trades as well as live trades. I tried to place buy stop and sell stop at different levels but it wouldnt allow it. This was using IBFX.

No Dealing Desk Price Feeds At ODL SecuritiesWe are delighted to announce that we will be upgrading our standard forex price feed for all of our customers on Sunday 26th July. We strive to keep ahead of our competitors by embracing the latest in forex technology and passing the benefits through to all of our clients.

Your MetaTrader 4 platform will soon be upgraded with the latest direct market access price feeds provided by multiple liquidity providers. You should notice the following benefits:


Improved spreads and speed of execution.
5 decimal point pricing.
Commission free.*
No intervention from dealing desks or re-quotes.
Full hedging capabilities.
Compatible with all scalping EAs.

You should be aware that these changes will take place at some point on Sunday 26th July and there will be no need for you to do anything other than log in as usual.

As with all changes to our standard service, we value your feedback on any improvements that we make. We would be grateful if you could send all feed back, positive or negative, to pricefeed@odls.com.

Hilary,
Reading the above release from ODL "No intervention from dealing desks"
I am not computer literate, but interested in your systems,run via,MT4.
If you google "Virtual Dealer 3.16", could you tell me what effect this
might have to your systems?
It can be pre-programmed, removing live intervention for automatic.
mac.

Most FX brokers are actually market makers, Tyketto, so you are trading against them. It depends on your trading style. If you're looking for 5 pips here or 10 pips there, it's a no-brainer they'll run an algorithm to clean up for themselves.

If your SL is 200 pips away, you would need to ask if they were of a mind to specifically target you given the balance of all the other orders on their book.

You need to also consider who it is that are the clients of MetaQuotes and who pays to keep them in business. It's certainly not the users, as they get the terminal for free ......................

So an ECN broker would be better supplier?
Tks