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Originally Posted by davidke20
mate! no hard feelings, but you still dont get the idea of VOLUME. say if the EA decided to go long on 118.00 on USDJPY. 5000 people using the same EA open trades with 5000 accounts with 1 lot........who is going to sell 5000 lots to you with that price??? forex market is turn over 2 trillion dollars a day, but not 1 price at 1 currency pair! And there's another issue here, you're on leverage of 100:1....5000 lots, thats 500million units!!!! you're actually asking a borrow of 495million dollars from the broker to trade against Bernanke!!!
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no had feelings here either.. what you don't understand is that the same EA will open an order differently on each broker. ( Each broker submits different data, this is a known) The Ea may open at different times, or even in the other direction! It all depends on the varying broker data.
So unless all 5000 accounts are on the same broker the same EA will still not have the dramatic effect to the entire market that you think would happen. I'm sure it will certainly effect that one single broker though, if you mean that then i'd agree with you there.