mt4 brokers freeze out of platform

rob2453

Recruit
Messages
10
Has anyone noticed the freeze out tactics used by some brokers on mt4 that stops you entering positions during important news releases anyone have a sollution.
 

Rafi Khattak

Recruit
Messages
4
Never experienced it. Which broker do you use? I have been with HotForex for over two months and never experienced such problem.
 

rob2453

Recruit
Messages
10
Never experienced it. Which broker do you use? I have been with HotForex for over two months and never experienced such problem.
I was with Iron FX at the time but its not the only broker I have witnessed this on and it happened at the time when important news was being released. If you use Fngun on this site for trading spikes which I have most recently frozen out of ctrader platform with error messages coming in from platform run by FX PRo and this was a demo.
 

rob2453

Recruit
Messages
10
I was with Iron FX at the time but its not the only broker I have witnessed this on and it happened at the time when important news was being released. If you use Fngun on this site for trading spikes which I have most recently frozen out of ctrader platform with error messages coming in from platform run by FX PRo and this was a demo.
If you think about this how honest is a broker that makes you place pending orders 50 pips from current price if you are using any type of straddle tactic it would render it useless straight off.
 

rob2453

Recruit
Messages
10
If you think about this how honest is a broker that makes you place pending orders 50 pips from current price if you are using any type of straddle tactic it would render it useless straight off.
I am happy you have a good broker and are happy with the service I won't be trading live for a while but when I do you can bet that I will be having many direct chats before going live again.
I take the blame for lack of research and hopefully lesson learned.
 

Rafi Khattak

Recruit
Messages
4
I wish you the best of luck for your venture in forex trading. Research is the the number 1 best thing one can do to be profitable and successful in forex, otherwise the market will turn against you in a blink of an eye.
 

ElaineMDG

Corporal
Messages
119
I just saw this while looking for solutions to this exact problem. But since it's only happening on my FXCM MT4 platform, (and the acct Msgr. Actually told me it would go away once I go live with them), I've decided on a different broker who doesn't seem to have these problems...
I may try the FNGun since I DO trade news events-although I don't usually use any type of EA or automation..,
 

Mouse911

Recruit
Messages
1
I also noticed that many brokers do not allow to enter into a order in all the news, or perform already at the new prices by 30-50 pips different from the request price
 

Thoris

Corporal
Messages
115
This is definitely not a good a sign, you need to reconsider your broker and maybe switch to the different one. This is how somebody plays unfair game. Also it makes sense to check with your existing broker; maybe this is some kind of scam software which prevents from making order.
 
Top