I have got a small Micro Account with my broker. For the last 2 weeks I have been using an EA which has been moderately sucessful taking my account up by about 30%. The EA is set to close an open deal on 50 pips profit. I have not changed anything on my settings but suddenly this week I see that the EA is closing all deals when profit is only about 5 pips leaving very insignificant gains. I have tried reloading the EA and settings but it remains the same. Can anyone tell me what the problem is & what to do about it. - Using the same EA on a demo account with different broker has not changed at all Thanks
Broker Problems
- Thread starter Basilg48
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FxMaster
Colonel
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You talked with support yet?
Pharaoh
Brigadier General
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Talk to the person who provided the EA. Maybe somehow a setting got mis-set and a reinstallation may have retained the defective setting. It would be very hard for a broker to convince an EA to shift closes from 50 pips to 5 pips. I'm not saying a broker couldn't interfere, but there are ways to mess with a trader which are much easier to do and much less obvious.
Mark Fahad
Banned spammer for MxTrade and TradingBanks
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There are almost thousands online broker in retail Forex market. So, it is extremely difficult to choose a right broker from all, as most of them are found to be scam. Choosing a right broker is very important, because the broker can affects the result of our trading with certainly.
In order to my trading experience, I think, when looking for a broker first of all we have to check the broker is regulated or not. Then we have to ensure the deposit and withdrawal system how it works. But, as a newcomer it’s really a huge problem to search these facilities due to little experience. So, broker review can be a great source to find a right broker.
In order to my trading experience, I think, when looking for a broker first of all we have to check the broker is regulated or not. Then we have to ensure the deposit and withdrawal system how it works. But, as a newcomer it’s really a huge problem to search these facilities due to little experience. So, broker review can be a great source to find a right broker.
Pharaoh
Brigadier General
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If you believe in regulated brokers, why are you showing the MXTrade logo in your avatar. From what I can tell, they are completely unregulated. Instead, they've been the subject of a Cysec warning:
http://cysec.gov.cy/CMSPages/GetFile.aspx?guid=cd7d1b79-01d7-4dd6-bd96-85913eea68bb
EuroTrader
Sergeant Major
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- 1,051
Yes and that is also a reason why we have to Double check with the Regulatory Bodies before investing in such types of Brokers
BaibarsB
FiboGroup Multi
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- 55
the broker that doesn't responds for 24 hours isn't a good one. I don't understand why do they ignore there clients. For me the responsible support is one the main factors in choosing broker. I also faced with such indifference, when I had some quesions and problems. After that I changed broker. now I trade on Fibo and their client support is really good. I feel that I am protected and I know that I will get help if there will be some problems. Its better to change broker if you have even small problem or doubt
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