Recent content by LesE

Thanks but I have already got a demo account with Interbank. They seem ok but I would rather have an account in my own currency - GBP- and they only do USD accounts. Hence my original posting.

Well that's your opinion but you've missed the point. With Scaled Equation the money management system requires you to place up to 6 orders per trade which is why it is necessary to use very small lot sizes. I agree that if you are placing one order per trade then 0.001 is too small to make the...

As far as I can see from their web site ODL's minimum is £1 per point.

I am using Scaled Equation from Hedge Master and it works very well. But to use it you really need 0.001 lots because you place at least 4 trades per signal and possibly 6. Do Oanda let you have an account in GBP?

I am looking for a good UK based broker that will enable me to trade in GBP with lots of 0.001 size and preferably using MT4. Does anyone have any recommendations? I've been looking myself but it is a minefield and I am finding the terms mini and micro lots mean different things to different...

Is there an EA available that will do the following for a trade with 2 take profit levels - TP1 & TP2. When the trade reaches TP1 reduce the volume of the trade to one half (i.e. take half of the potential profit) and set the SL to break even. This means that the other half of the trade then...

You can do what you suggest in MT4. Once the trade is running just double click on it. In the window that opens change the lot size down to what you want to leave running and click on close. That will then close part of the trade and leave the rest running. hth, Les

Alpari have their version of MT4 mobile which works fine on my WM6 Samsung Omnia. ODL also have a MT4 mobile platform. I've used the Alpari MT4 mobile to do trades on their demo platform and it is very easy to use and just like the real thing. Also if you have a running trade set up on your desk...

I use a Samsung Omnia phone and the internet speed is very good. Almost as fast as my normal broadband at home. When I am away I use the Internet sharing facility built into WM6 and by plugging my phone into my laptop can get broadband quality internet connections on my laptop. It does depend on...

I don't think MT4 will work on an iphone because it only work on windows mobile and I presume that the iphone uses Apple Mac software. I have a Vodafone account which has unlimited internet access (subject to fair usage policy which in practice means up to 0.5Gb per month which is more than...

I use a Samsung Omnia phone which works on Windows Mobile 6 and the MT4 mobile platform works well on it. I can place trades, monitor them, modify them, close them etc just like the full pc version.

Thanks for the reply. Not sure what you mean by Quantitative Trading? As I understand it if I trade with a Forex Broker then my profits (optimist!) are subject to Capital Gains tax and not income tax. Since the CG allowance is currently £9600 per person in this tax year I thought it might be...

I have been advised by more than one broker that it is not possible to Spread Bet using MT4 - you have to use their on-line client interface. ODL have MT4 for Forex Trading and an entirely separate interface for Spread Betting. Alpari do not do Spread Betting at all. I hope someone can prove me...

As a newbie I have just found out that in order to trade Forex tax free it has to be via a Spread betting company/account and not through a Forex Trader. I am now familiar with several trading systems and MT4 but have now discovered that it is not possible to Spread Bet with MT4 only forex...

I've looked a lot at Trader_Dante's posts on Making Money trading and frankly a lot of it is beyond me at this stage. The 3 ducks strategy looks more suited to a newbie like me so I have signed up for a copy of the ebook. Have I got that right or is there something else on this site by...