Forex rebates on every trade - win or lose!

SC
I assume Alpari classic and Alpari micro are the same. It seemed to my brief reading that the more frequent traders were put on classic and the rest on micro. I am on micro.

Just seems to be how many positions you can have open and how many lots you want. I'm not a major league player though :-)

I run multiple instances for different brokers on 1 machine, Jeff. Alpari, ODL and an IBFX managed account for a Canadian. I'm running a total of 24 EAs together plus indis.

There are no problems, so I guess you've broken it.

:o)

It might be something to do with latest Build 221. Just a thought, and possibly wide of the mark.

24 ESs, you have been a busy girl

Jeff, our Hil is not one to put her feet up on the desk when there's work to be done.

No, you'd never catch me with my feet up on the desk.

:o)

see usd/jpy up in the 98 area again, interesting area by the look of the candles on weekly charts!

Out of interest, does anybody here use Martingale for trading currencies?

no, only used to used it years ago playing roulette

It's alien to me, Gofe, because it breaks my Golden Rule #1 of adding to a losing position (and to make matters worse at an increased position size).

I'm trying to get my head around it though because the person in Canada whose account I've recently been managing insists on running a Martingale system of his own on CHF/JPY and I'm not really happy about it.

Fortunately he's only talking about peanuts as a percentage of his pot (a fraction of 1% generally), but I was trying to work out how much damage that could still inflict or whether it was actually safe. Last night he had 7 or 8 open losing positions with the last position being about 26 times the size of the first position which increased the risk substantially. Then, lo and behold, the last position reached profit which invoked closing the other losing positions and the overall result was a net win.

What happens if a position keeps moving against you for a long time, does he use a stoploss eventually. dont think i've added to a loosing position since the turn of the century!

Used to go to a casino in portugal back in the 70's as a youngster, hadn't heard of martingale then, just watched the roulette table and thought to play colours or evens after a run of three, going other way. pretty boring really, blackjack alot more fun, drinks were free!

What happens if a position keeps moving against you for a long time, does he use a stoploss eventually.

Therein lies the fundamental problem with the whole system, Gofe.

If he uses a stop, then he'll pick up a loss trade which will dent the profitability of the system. If he doesn't use a stop, then at some stage the market will turn and he will be able to close out for an overall net profit and maintain the profitability of the system.

In between there is a very grey and murky area where the small initial stake starts become a very large stake as more and more new trades are being taken as the trade goes the wrong way and the risk of being margined out gets higher and higher.

That is how the whole thing can blow up, but I wonder if there is any scenario whereby you could be safe if your pockets were deep enough.

it will only work if you have unlimited resources and if the chance is 1? I doubt that either is true?

not quite the same as the classic martingale system, from your description hils. It's worse in fact. In a casino, a losing bet/"trade" loses you a predetermined, finite amount i.e. your stake. You then double the next bet size, and so on, until you win. What you described seems to keep the losing positions open until a winner recovers the losses, so the losses accumulate faster (although as the multiple trades move into profit, you recover the losses faster too). Way more complicated than traditional martingale.

It's interesting because whenever the last trade wins and banks its profit, the previous losing trades are simultaneously closed too. Because the new positions are continually increasing in size, the profit from the last single win trade has so far been greater than the sum of the prior individual loss trades.

I can't quite work out if this would always be the case though as I think that the position sizes would probably need to increase exponentially in size for this to still happen as the number of loss trades in the sequence increased. Maybe a maths whizz could confirm if that is indeed the case.

There is also the hedge offset to consider from the winning trades going the other way as the losing positions are being counted.

To explain a bit more, this guy's system takes a position 60% larger each time when a position moves to a 30 pip loss and banks a 45 pip profit. So there is a practical limit as to how many pips the market is going to move before it retraces the 45 pips needed to close out.

From Alpari

Connectivity Issue with MetaTrader 4 Build 222: Latest Update

Dear Client,

Update on our previous communication today, Connectivity issue with Build 222.

On Sunday 22nd March we introduced the latest version of MetaTrader 4, build 222 and have received reports of a small proportion of clients having connectivity issues with build 222. We have isolated the issue and reported it to MetaQuotes who have today announced a Bug Fix relased within Build 219.

Please note:Clients using build 222 should install most stable version: MetaTrader 4, Updated Build 219.

Build 219 can be downloaded here http://tr1.mp005.net/r5.aspx?GV1=YAKO02G0005100009L00007DD000OKKX0

Clients having no problems with their trading platform should not make any amendments unless they encounter problems.

Identify your MetaTrader 4 Build

To verify the version you are using please click on Help >About within your MetaTrader 4 platform.

Reconfigure your IP settings

In addition, please note that you must have the latest IP connection settings in effect to be able to login into your trading account(s) successfully. Details of how to modify your IP connection settings are shown here, http://tr1.mp005.net/r5.aspx?GV1=YAKO02G0005100009L00007DE000OKKX0

If you have any other questions or if you experience any difficulties please take a look at our FAQ or feel free to call our Client Services team:

Opening hours: 07.00-22.00 (GMT) Mon-Fri
Phone: +44 (0)20-7648-4580
Email: support@alpari.co.uk
Best regards,

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5044129/China-calls-for-the-reign-of-the-dollar-to-end.html

The smart money has already discounted anything the tiddleywinks say or do, Falco. They took them to the cleaners over oil and their Dollar trading last year was laughable. So they can fret all they want about the Fed printing money, but they may as well just face facts and get back to the paddy fields.

I detect a hint of disaffection for our Oriental bethren!

Not at all. But they've been guilty of blowing the bubble over the last few years, so there's no point in them bleating about it now it's burst.