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I don't understand and do not accept those rules. I want to be free. I want to do whatever I like with my money. I pay the spread for that. And that's all I want to pay. No more rules. The spread I pay is the ticket I buy to ride. And if I do not like the ride once I'm in, I want to get out as soon as possible.
Those rules tell us once more time that retail brokers are here to take our money. That's all.
Some people say stops are honored trading with AleccohFX. That's great. But what price do you pay for that?
Anyway, you are free to open an account with AleccohFX.
Lofty sentiments, and ones I would agree with in a perfect world. Unfortunately this is Metatrader brokers we are talking about, in particular MT brokers that allow scalping (in whatever form), and you have got to admit that they are pretty thin on the ground - almost an endangered species!
And this lack of competition means that they are the ones setting terms, not the trader.
On monday, Try to avoid this kind of trading all together (5 minutes And Or 7 pips) untill i am fixed with my LP that i will meet in Geneva on wednesday afternoon.
I will report to this forum from my hotel.
to Michel
Please try to Trade normaly untill i can fix this issue, i DO NOT WANT a new flag on your account, lets stick with your winnings for now untill i am fixed. Your trade #815734 is an example of trading i respect and not the "Ab..." EA trades.
To Zordan
Absolutly sir, I will do my best
To Omelette
Even though I promised myself Not to answer your posts anymore, I read in another thread that you said i was still offering the best unfiltered feed among ECN MT4 brokers, Why honesty there and not here ???
MT4 Brokers who allow scalpers are INEXISTANT or SCAMMERS, But , Unfortunatly for them, I am the trader that will create this service as promised and i am no scammer sir.
__________________
Good Day
aleccoh
After Spending Years Looking ForThe "Perfect Broker"
We Decided That The Best Course of Action To Serve Our Clientelle Was To Open Our Own
How can an LP provide a service for trading the spikes on data releases? We must have a different view of what the spike actually is.
The way that 99% of these guys are going to want it, is that they'll get the price before the spike hits, using their autoclick software to do so. There is not one LP in the world who would accept doing this, and rightly so - it is not a valid method of trading. If guys want to trade the news, they need to move to FX futures and level the playing field.
Aleccoh if you can provide that need of what I described above, you truly are a legend. I wish you luck in it.
First I would like to point out that we are indeed at our full capacity since we are in a shortage of staff and didn't imagine that such a rush will happen on aleccohfx thanks to all the aleccohfx clients that are NOT posting here and are satisfied with the service we provide obviously.
Second, out of 3456 accounts actually in aleccohfx as of 7/12/2007 only 14 where red flagged.
11 for Not following the 5/7 rule set by our LP and only 3 UNJUSTLY.
To these 3, I must express my deepest regrets since I got the rules set with my LP NOT by a SLA (Service level agreement) but by a shake hand and I was fool enough to consider this as Deal.
I Do not want to change LP and do not wish to but i am in the process of finalizing the negotiations with my LP and trying to institute another bridge to a different LP for accounts that wish to trade the spike and scalp.
I always delivered what i promised and I am really glad to see on this thread people criticizing a Broker openly because I KNOW how disappointing it is to hope for something and Not getting it and how frustrating it is to have to talk to a broker through a small chat screen with the omnipresent : "How may i help you".
I was dissapointed twice since i permited the internet trading, once when a broker promised me good execution and then froze servers and slipped everybody, and the second one is when i recommended to the traders a different broker that went down with fxlq. There won't be a third time
I am promising you this, I will do all that is in my power to accomplish the Bridge for and on behalf of Scalpers and News traders and i will discuss with you openly the propositions i will receive from the new LP's.
I am just 3 month old as a broker and searching for the best way to serve other traders who are PAYING ME MONEY BY REBATES ON EACH TRADE THEY MAKE so it is in MY best interest and not only in their's to help them
Be patient ,There is at the moment No broker that will allow scalping for an extended period of time and news trading the spike without freezing and widening his spreads, so the need is there and i will fill this need.
We will get there i promise you.
Hi this is my first post. First I would like to say that anyone who comes on a thread and supports there product in your case your trading business cannot be all bad. That being said, you sad there is no broker that will allow scalping for an extended period of time...thats just not true. Many true ECN brokers have no problem with scalping and news trading because they are filling you with actual orders not playing against other customers. Not saying you are.
BTW,
Has anyone checked out 360FX.com? they are an IB Through Captials ECN Bridge. (so they say) You can use MT4.
They have No Restrictions on trading. Im messing with one of our scalping EA's on them right now. Interesting stuff. They are small. They require a min of 25k for initial. Im opening an account this week, I'll let you know what I think later this week.
For now, we still are using our own MT4 bridge server to ECNs that give us no grief. The sooner you begin trading institutional type brokers, the better. You will never be free with MT4, IMHO.
Craig
Quote:
Originally Posted by stersuhr
Hi this is my first post. First I would like to say that anyone who comes on a thread and supports there product in your case your trading business cannot be all bad. That being said, you sad there is no broker that will allow scalping for an extended period of time...thats just not true. Many true ECN brokers have no problem with scalping and news trading because they are filling you with actual orders not playing against other customers. Not saying you are.
Hello Mr. Aleccoh. If you really trying to do what youre saying, i want to thank you for your efforts. Your broker for scalping and news trading is great idea. Spike trading to top it off would just be a very nice bonus.
Im pretty sure that with commisions most of us would like to see better spreads depending ofcourse how the commision would look like. I hope everything will be resonable, and no i do not expect anything for free. I don't have problems paying resonable commision for little to no rules on trading, better spreads etc. As a matter of fact, i did suggest commision based scalping service earlier in this thread and since i copy righted this idea of Aleccoh scalper broker already, i expect some royalties when it goes live joking.
BTW,
Has anyone checked out 360FX.com? they are an IB Through Captials ECN Bridge. (so they say) You can use MT4.
They have No Restrictions on trading. Im messing with one of our scalping EA's on them right now. Interesting stuff. They are small. They require a min of 25k for initial. Im opening an account this week, I'll let you know what I think later this week.
For now, we still are using our own MT4 bridge server to ECNs that give us no grief. The sooner you begin trading institutional type brokers, the better. You will never be free with MT4, IMHO.
Craig
Thanks for the info. I also believe that tradeviewforex.com is a new broker that has ECN MT4 in the works. Unfortunately in many cases of traders that want to scalp or just want to have an honest broker, most ECNs are not the choice Deposit amounts are just out of reach for lots of us. I would never throw $25k on any broker unless i had lots more $$ as back up. Especially new untested broker that can disapear at any moment during times that even tried and tested brokers are under fire and going under
Even though I promised myself Not to answer your posts anymore, I read in another thread that you said i was still offering the best unfiltered feed among ECN MT4 brokers, Why honesty there and not here ???
MT4 Brokers who allow scalpers are INEXISTANT or SCAMMERS, But , Unfortunatly for them, I am the trader that will create this service as promised and i am no scammer sir.
Aleccoh, what I post in this or any other thread, is what I genuinely believe - I have no alterior motives, I am not selling anything, or promoting anything/anyone either.
Now, what I posted in the other thread (and you may have mis-read) is that I believe that you are the least filtered MT broker in my experience atm, the same view I have expressed in this thread.
That said, your latest posts seem to offer some hope that you may yet provide the service that many traders have been looking for. I wait in anticipation...
Thanks for the info. I also believe that tradeviewforex.com is a new broker that has ECN MT4 in the works. Unfortunately in many cases of traders that want to scalp or just want to have an honest broker, most ECNs are not the choice Deposit amounts are just out of reach for lots of us. I would never throw $25k on any broker unless i had lots more $$ as back up. Especially new untested broker that can disapear at any moment during times that even tried and tested brokers are under fire and going under
Regards. Luk.
THey are an IB for ICON Royal. (Through an institutional Feed)
I also have an account with Tradeview. Looks good so far. They dont have a scalp policy (Yet). They look like a solid company..
to Zordan, Michel and omelette....
and since i copy righted this idea of Aleccoh scalper broker already, i expect some royalties when it goes live 
joking.
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