Quote:
Originally Posted by Jason Rogers
Don't panic is probably the best advice. MT4 will still work after July 31, but your EA will need to be made compatible with first in first out closing. The information I have seen from Metaquotes indicates (as expected) that the platform will require the first order opened for a symbol to be the first order closed. Adding a stop or limit to one order will add the same stop or limit to all positions for that symbol.
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Jason,
Thank you for the information. I do appreciate it. But with all of the “Gotcha’s” that the NFA has chosen to throw at us to take us out of the Forex Business, (Obama by chance?)
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I have decided to take my Forex trading to Switzerland (TADA) where the NFA as no authority. They still allow Stop Losses, Hedging and no “First in First Out” rules.
I’m surprised that no one else has considered this. There are several comments on how reliable they are as a broker here in this forum.
I’m going to test the waters with a small account to start out with. RAS works well in their version of MT4 and the trader that I am subscribed to seems to make good and sensible trades that have never let me down.
Thank you again.
Doug