Why don't they take the pips away from the champions? - page 23
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
What the organisers have demonstrated is what any DC can do to any trader. The quoting machine is in the hands of the brokerage company, I can do what I want. If you don't like how the trade is going, I can do it (spreads, stops, spikes, gaps, requotes , etc.). Trade nice traders :-)
....
Honestly, I don't understand the "outrage". You are a reasonable person. The possibility of change is stipulated as part of the championship conditions. Market conditions change, the "price" (in this case trading conditions) follows. It is, if you like, the law of the market, of business. Everyone understands why with inflation, rising fuel prices etc. the prices in the shops go up, you don't like it, but what to do... So why is there such a misunderstanding here? Business which is conducted within the framework of prior agreements, contracts, conditions, regulations - this is honest business. Otherwise we would have to talk not about the market but about a planned economy, communism and socialism....
For those who rejoice about the change in spreads.
You shouldn't be rejoicing. If you had thought a little deeper, you would have seen. That the organizers have demonstrated what any broker may do to any trader. Quotation machine is in the hands of brokerage companies. If you don't like how the trade is going, I can do it (spreads, stops, spikes, gaps, requotes , etc.). Trade nice traders :-)
FOREX EX PO has just been held, so there were many who stated some unpleasant things for MQL-developers (joint development of new projects, use of other trading platforms). MT is still not licensed for exchange trading, and with such a quoting machine it will never get it.
As an example, what the US regulated DC, a member of the National Futures Association (NFA), is up to. I am not mentioning the name so as not to violate the rules of the forum.
Look at the correspondence of Bid and Ask prices which are on the charts and those in the Market Watch. That's how quietly, using the rich features of the platform, the spread increases by 6 points on crosses. This is a LIVE account. Of course there is no such thing on the demo.
Just to be on the safe side: this post is directly related to MQL4 as it gives an example of why OHLC bar prices should not be used as they are not appropriate. It is worth checking the difference between Bid and Close[0] to be prepared for these kinds of surprises.
By the way, abeiks' TP is not that small - from 5 to 10 pips. After looking at some of the trades, I didn't find TP less than 5.
That's what I'm saying.
You should not rejoice. If you had thought a little deeper, you would have seen. That the organizers demonstrated what any brokerage company can do to any trader. The quoting machine is in the hands of brokerage companies. If you don't like how the trade is going, I can do it (spreads, stops, spikes, gaps, requotes , etc.). Trade nice traders :-)
Exactly right. That is exactly what the organisers have done. That is exactly what they should do. Exactly because that's how real DCs behave. And the market has nothing to do with it. I think that during the championship there should be everything. And changes in spreads. And slippage, and other nasties of real life. It is, after all, a competition of the possibility to write a stably working EA in MQL, not a competition of the best Expert Advisor for the organizers.
As an example of what an American regulated DC, a member of the National Futures Association (NFA), is up to. I am not mentioning the name so as not to violate the rules of the forum.
Look at the correspondence of Bid and Ask prices on the charts and those in the Market Watch. That's how quietly, using the rich features of the platform, the spread increases by 6 points on crosses. This is a LIVE account. There is no such thing on the demo, of course.
I will protect myself against the ban: this post is directly related to MQL4, because it shows an example of the reasonability of not using OHLC prices of bars, as they do not correspond to reality. It is worth checking the difference between Bid and Close[0] to be ready for such surprises.
Whoa! Yup. I wonder why the terminal even allows them to be different!
As an example, what the US regulated DC, a member of the National Futures Association (NFA), is up to.
So Vladimir Vladimirovich wonders on TV that the stock market turns out to be irrelevant to the real value of businesses...
The market is the one that undresses and teaches everyone, not the one that keeps the perpetual 2 pips spread. Learn from the crisis.
Here is Vladimir Vladimirovich marvelling on TV that the stock market turns out to be irrelevant to the real value of businesses...
The market is the one that undresses and teaches everyone, not the one that keeps the perpetual 2 pips spread. Learn from the crisis.
It's good, but why does the terminal show different values?
Which value on the chart is for the trader's eye pleasure...
And which value in the MARKET REVIEW, - is for his deposit ( - to open positions)
That's another thing!
I once (I wrote somewhere) opened a position on QMZ8 oil and got a loss of "-750" pips!
I was told by tech support that it was a spread at that moment!
Although the market was calm and the spread was always less than "-150" in the worst cases.
I did not get anything.
The market is the one who undresses and teaches everyone.
Renat Hello!
I think such slogans scare away your potential clients.
If I will work with a broker who uses software from MetaQuotes
I guess he wants to undress me.
Renat Hello!
I think such slogans scare away your potential clients.
If I will work with a broker who uses software from MetaQuotes
I guess he wants to undress me.
It's 2 pips of logic.