Recent content by pfunkyfize

I just recently deactivated my FOREX.com account because of those errors. I am currently waiting for them to refund my capital. Those errors look like First-In-First-Out (aka FIFO) position errors enforced on the broker end. The EA is trying to make a sell position when you already have a buy...

Just closed my Forex account and moving the remaining capital to OX. These last few days have been very slow and it's the first time I've seen such low market activity. All my testing on demo accounts for the 8 weeks prior have been chock filled with activity it's strange to see how everything...

At this point I am just considering closing the account with that FIFO brokerage. I started my $10K live account with OX Securities today and the positions are doing well. I'm thinking I'll dump the remainder of the limited FIFO live account funds into the OX account. At least I know i can use...

I replied to your post but for some reason it is being moderated. Can you make it public?

Does it mean that I have up to 1:500 in leverage and I certainly don't have to use that much, it's there but it's optional(?) How do I even look up the current leverage I'm using in MT5?

So the next hurdle- I can't believe it has been 5 weeks now that I've been testing this EA. I have found a profitable combination of 6 pairs when I go live with a $10k account. I'm trying to get my live account started with the Aussies at OX Securities and one of the questions is what leverage...

Thanks Joeboy, yeah after the second time when my trades got liquidated because of margin, I had taken down position sizes to like .01. Oh ok, I thought the prices for margin were a standard thing across all brokers but I apparently not.

Hi all, So during my first week of trading I was warned twice about going over margin with my trades. I've been using $10k demo accounts until I finally made my first $1k live account and having my trades blow up because i was trading like I was using a 10k account when I had only 1K in capital...

For sure! I had found the OX Securities broker based in Australia right after I posted my frustration over Forex and their FIFO non-hedging selves. I am the proud owner of an OX demo account now as of 5 hours ago and have discovered it has hedging and no FIFO restrictions. Lovin' it. Will be...

Does the max order setting only keep track of the orders the bot made not including the one click manual buy/sell button in MT5?

I'm based in the US and very new to this too. I tried a demo account that allowed making buy and sell trades in the same chart and made 1,000 USD in demo money. Then I got a live account with forex.com and find out that FIFO trades and only buy or sell trades can be made at one time on the same...

That is correct, it's in Demo.

Crazy, right? Anyway, I backed them out and 200 is the max number we can have open before it refuses more orders.

Please forgive the finance novice questions - Does the amount of capital you have in a brokerage affect the amount of profit made? Capital does not serve as a multiplier like compounding interest, is that right? A person with $500 as starting capital makes the same profit as a person with $100K...

Absolutely, I have yet to open a live account. I have only been using a demo account. Made out well on my first two days with 2 charts and making a profit of $300 but leaving a bunch of open positions in the red. Hoping to make a profit on them when the market goes bull again. I am trying 6...