Recent content by marsh56

Just to be clear, I was referring to the NFA complaint against FXDD. Thanks. Mark

Has there been any update on the complaint? It has been 60 days since it was lodged. Thanks in advance for any info. Mark

Mike, you are welcome. :) I have been using FXDD with a hedging strategy and it works great. You can follow your progress in MT4 but your "back office report" from the broker looks different in order to comply. The end results are exactly the same. Mark

It is insidious just how long an arm the US has with these ridiculous regulations. In my case, I use FXDD because they are able to offer hedging without breaking the rules. However, due to the 50:1 margin, you basically need to use 4 to 8 times the capital. Regarding offshore options, I...

The robot trades when the signals it uses align. One thing to watch is that it tends to do well and then gets stuck with a position either too high or too low. Be aware that the EU moves much differently than it did back when FAP first came out. As a result, you can get some heavy DD when the EU...

Did you read the posts above you? FAP does not trade during the holiday season for your protection.

Thank you VERY much for the effort. Now we just need some good and consistent results. ;) Mark

Thank you very much for the update. I appreciate the effort. Mark

One issue that I have as a vendor is that we replaced a demo with a live account on our managed signals EA back in November yet the new account has yet to be posted. I am sure it was an honest mistake and that you guys are busy but it makes us look bad. FPA does a great service here and I...

This looks like an old list. How can it be confirmed that it applies now? The last date listed is November, 2009. Thanks, Mark

Fx Mafix I have a question on Fx Mafix. If you look at the statement, the profit/loss amounts for open trades do not match those of the closed trades as a percentage. IOW, if you look at the closed trades, a 30-pip gain or loss makes or loses about $30. With the open trades, a 30-pip...

I would like to chime in here and briefly mention my poor experience with IKON Royal as well. 1. One item of curiosity is that apparently IKON Royal and Tradeview Forex are part of the same larger company. I know this to be true because one would not allow me to open an account when they...

I am certainly no fan of either the NFA or CFTC. However, I am certain that most or all of the regulated US brokers will come up with solutions to these issues. As an American citizen just coming off our celebration of Independence Day, I am embarrassed that the US has strayed so far from the...

"STP" stands for Straight Through Processing. IOW, no dealing desk. FYI, just because a broker is registered with the NFA, it really does not guarantee that much. It's great to have rules but how will they be enforced? That is the real question. More than likely the NFA is under staffed at...

First, thanks to Pharaoh for an excellent post and for all the work you do here. As a trader for over 5 years, with 3 in Forex--and as one who likes to hedge--I am really bothered by the prospect of an arm of the US government making rules without asking ME as a trader how I feel about them...