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Originally Posted by forexpipmaster
Holyguy7: First of all, are the statements you provided us here on a real live account, or just on a demo. Because of the scalping issue, there will be many problems with most brokers about them letting you trade it.
But there may be a few brokers who might not even notice. Its actually not so much the broker themselves, but the bankers they deal with that would pull the plug, and say no way to the scalping system. This will be especially true when you start getting into the big money trades, like 50-100 full lots.
I wouldnt even worry about converting this EA to MT4, why bother, its working perfectly fine on MT3, and how could you make it any better.
The biggest obstacle I can see is getting it by the brokers, they are the only stumbling block here.
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You are correct about what you say. I believe with this EA, there would be no need to trade more that say 10 stardard lots at a time. This EA generates conservatively 300 pips a day, at 10 lots a trade that would allow one to earn $30,000 a day. Why be greedy when that is almost as much as most make it a year.
The EA has some drawdowns as it does not do well during news times like most EAs don't.
There are a few improvements that could be made with this EA as with any EA and I have a few the come to mind right now. However, the EA I have has a timelimit on it of only 30 days.
You are correct. Some brokers do not allow scalping like this, but I checked and FXDD does allow scalping.
Well, I think I am just going to watch and test this EA for a good couple months before putting any real money into it.