[bamcoti]

As a EA user that takes advantage of hedging I have already been complaining. My most profitable EA hedges and martingales both ways at the same time the margin usage is only half of running the two opposing strategies separately. It closes baskets of trades by monitoring the equity. Then the other issue the NFA is pushing here is the swap. This EA also closes the negative swap trades when in profit and lets the positive swap side run over night or through the week ends. I also have other EAs that trade on the same pairs. They do not hedge but different strategies might take opposing position. One might be a long term player while the other is scalping in the opposite direction. FXDD, although not yet NFA registered will probibly go along with the new rule so as not to nullify their efforts to be NFA registered. They have made no anouncment to their clients yet. They do not want them all to flock away until they have some way around this. They have their best minds and programmers working on this issue. One possible way to trade this might be with a modified MT4 Multi Account Manager running on a demo account controlling two live accounts. Longs go to one account and shorts go to another. The accounts are some how automatically equalized. No one knows if MT4 can get this to work before the deadline. I suggest that every one complain to the NFA. The squeaky wheel get the lube. It is like having your rights taken away. I do not think they truly want to protect any one and that this is just the excuse they are using. I believe they are doing this to try to migrate every away from spot forex and to currency futures. You see they do not get paid on the spot forex side but the NFA gets paid a percentage of every futures trade. There is a big problem with this. There is almost no liquidity in the currency futures at this time and the leverage is very low. Thus there is not much profit for a retail trader.
complain!!!
Mike