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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

A necessity, if you wanted to scalp. Not necessarily though if your stops are wide enough on a trend following position.

Any thoughts on selling EG ? I am tempted

Minimums on average 25% lower than current fixed levels Integrated Tuesday 18th August 2009

From market opening on 18th August 2009 (23:00 GMT), Alpari (UK) will be tightening minimum spreads across all currency pairs and precious metals on Demo and Live accounts. Flexible spread minimums will be reduced on average by 25% and up to 60% for some currency pairs compared with current fixed spreads.

With the introduction of additional price feeds, clients will be able to access significantly tighter spreads as we pass on the benefit of the tighter spreads available to us from the Interbank market.

Flexible spreads will also bring a greater degree of price-transparency to clients trades along with institutional-level pricing and lower transactional costs.

The introduction of significantly lower minimum spreads supports our commitment to providing clients with the most accurate Forex pricing, better execution and wider market access. We will also take every opportunity to tighten them further in the future.

During certain times of the day, periods of lower liquidity and when there is increased market volatility, spreads will naturally widen. Fully understanding the dynamics of flexible spreads is key to better-informed and more considered trading and the Alpari Academy will soon feature new tutorials and expert, impartial advice on the topic of spreads.

Spreads

Anyone still doing FX? seems to have gone very quiet.....

Hi Spaceman ..........
I'm regularly in / out of Cable.
Generally been posting on the dailly thread though.
Cheers
Amar

Daily FX Report
Tuesday 25th August 2009
Quiet Asian session in Currencies with little data out overnight. Most action seen in USDJPY as first point of talk was Nikkei article that Japan-US 3 month Libor flipped for the first time in 16 years with JPY Libor 0.002% higher than USD yesterday. The Nikkei paper reported this as YEN positive and USDJPY dropped to 93.92. USDJPY support now starting 93.40 with crucial technical support at 93.00 with a clear break of this level could see us make a run lower. AUDJPY also attracted interest overnight as Asian traders targeted 78.50 level with risk appetite diminishing as shanghai was 2.5% down. AUDJPY dropped to 78.44 before bouncing during Asian lunchtime. EURUSD trading was very quiet with a range of 1.4274/1.4309. Market moves were dictated by EURJPY selling on weaker stocks in Asia. Also a quiet night for GBPUSD with GBPJPY weighing early on and cable falling to 1.6383 but otherwise trading sideways.

I am still trading Fx but been on holiday

Daily FX Report
Thursday 27th August 2009
Night started off with Nikkei reporting on J-HIA that some Japanese companies are planning to repatriate profits kept abroad to take advantage of the tax exemption on dividends from overseas units.
USDJPY has had an offered feel to it through out a quiet night trading from a high of 94.30 to 93.58. This was also helped as the Nikkei was down 1.5%. 93.50-93.00 still good support with 93.00 level still being key still. Topside resistance starts at 94.70 and stronger at 95.45/55
EURUSD tested 1.4200 level yesterday and now market will be looking to break this level to take out short term longs. The next support comes in at 1.4180 and again at 1.4145/50. The resistance topside starts at 1.4280 and again at 1.4315.
GBPUSD still trades heavy with no real bounce. Going through 1.6200 could open up 1.6070 area and we will get more direction from the US GDP numbers today. Overnight range has been 1.6211/1.6250.
Overall moves offering no real conviction in Asia and below is a chart of USDJPY with still levels to watch 93.40/93.00.

does anyone use IB to trade for forex?.

if so why are they always above the price action? their price on gbp/jpy is always about 4 points above the e-signal price and sometimes i have limit orders in th ebook and the price action goes pas them before they are filled...

it is all very weird...anyone got any ideas? it makes systems trading a bloody nightmare

Daily FX Report
Friday 28th August 2009
The Asian timezone was another quiet session with most currencies trading sideways.
USDJPY still holding 93.00/93.20 support with topside resistance at 94.20 and seems to be stuck in a tight range.
AUDUSD started with some early support at 0.8380 but at the moment 0.8430 double top is holding and we were unable to breach yesterdays highs of 0.8417.
EURUSD started at 1.4341 at the beginning of the nigh and traded up to 1.4377 as Asia saw early buying of EURJPY.
GBPUSD saw little interest as it is being driven by EURGBP so dragging behind any big EURUSD moves. Resistance topside a 1.6330 and 1.6380 at the moment with downside support levels being 1.6130/1.6070.
Below is a chart for AUDUSD. While there seems good resistance ahead of 0.8430 likelihood is we could have a run higher if this level breaks testing up to 0.8475.

Quiet here.

A New 'Carry-Trade' Currency? U.K. Pound Emerges as Possibility l

Stereo

Same time, different place :-)