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In light of this in italic's below, what does the GBP/JPY long pay at the various other dealers? list your numbers here...and compare it to the fee over at allecoh...is it worth it?
ES
Yes , as you said, The 5$ per Lot will represent 0.5 $ per Mini Lot and Soon to be implemented 0.05$ per 0.01 Nanolot
I am afraid you wont have a good chance of getting filled 30 sec before news time.
This is how its done
When you are with a Dealing Desk Broker, you don't see real quotes, only the one's the broker wants you to see because it passes through various servers for flattening the rates and THEN through the dealing desk.
If a Brokers fills you 30 Seconds before the news, he is filling you on his own responsability since No liquidity provider in the world will allow him to back to back hedge this Position of your's 30 seconds before a big announcement.
What we propose at aleccohfx is totally different. We are giving you the possibility to be DIRECTLY CONNECTED with our liquidity provider (ECN). We do not interfere. Once you hit the buy or sell button , your order , along with Interb..... and Fx... and Veloc.... , goes into the same CUE.
You are filled as are filled full Brokers. This is why, if you Win ,you will get paid.
In a word, you orders will be filled 100% 5 min prior to news, 80% 4 min prior, 50% 3 min.... and so on.
What i would advise News traders is this :
1- Use Straddle to your advantage and never trade the actual Spike because, even if you win despite the server freezing, slippage and requotes, you will probably not get paid if it is a large position (cf all traders blacklisted for winning on Secret forex society)
2- try to learn and trade the news retracement or aftermath. It is less nerves consuming and more Professional
In a Word :
WE DO NOT INTERFERE, YOU ARE GETTING DIRECTLY CONNECTED AND WE ARE ONLY PAID FROM THE SPREAD WE AND OUR LIQUIDITY PROVIDER TAKE FROM YOU.
I hope you will enjoy this feature i have instituted as promised , letting the Trader be equaly served as the biggest broker
__________________
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
I am afraid you wont have a good chance of getting filled 30 sec before news time.
This is how its done
When you are with a Dealing Desk Broker, you don't see real quotes, only the one's the broker wants you to see because it passes through various servers for flattening the rates and THEN through the dealing desk.
If a Brokers fills you 30 Seconds before the news, he is filling you on his own responsability since No liquidity provider in the world will allow him to back to back hedge this Position of your's 30 seconds before a big announcement.
What we propose at aleccohfx is totally different. We are giving you the possibility to be DIRECTLY CONNECTED with our liquidity provider (ECN). We do not interfere. Once you hit the buy or sell button , your order , along with Interb..... and Fx... and Veloc.... , goes into the same CUE.
You are filled as are filled full Brokers. This is why, if you Win ,you will get paid.
In a word, you orders will be filled 100% 5 min prior to news, 80% 4 min prior, 50% 3 min.... and so on.
What i would advise News traders is this :
1- Use Straddle to your advantage and never trade the actual Spike because, even if you win despite the server freezing, slippage and requotes, you will probably not get paid if it is a large position (cf all traders blacklisted for winning on Secret forex society)
2- try to learn and trade the news retracement or aftermath. It is less nerves consuming and more Professional
In a Word :
WE DO NOT INTERFERE, YOU ARE GETTING DIRECTLY CONNECTED AND WE ARE ONLY PAID FROM THE SPREAD WE AND OUR LIQUIDITY PROVIDER TAKE FROM YOU.
I hope you will enjoy this feature i have instituted as promised , letting the Trader be equaly served as the biggest broker
Hi,
Thank you for your answer, Aleccoh.
More. Lets say an important USD news release is due. 5 minutes before, I buy EURUSD and I sell EURUSD. 1 minute or less before, I set the stop loss.
Will that stop loss be honored or I should set it 5 minutes before too?
You must understand that ALL Orders, Buy stop , sell stop, stop loss, take profit etc.. are orders sent in a CUE to the liquidity provider server. Once there They are honored to the cent.
You'll have to Try it yourself and experiencing it Live and in real time is my only good answer to you.
I cannot do more then putting you Directly in contact with a liquidity provider that is by the way one of the Biggest bnanks in the world.
This is usualy done for Big amounts and is based on commision Plus Spread fee.
I have Promised to put it at the reach of Every trader, so here You go.
Enjoy
__________________
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
are you still trading old dog new tricks? I'm gonna start demo testing it soon.
Aleccho, please update when you have GBP account, also why not have 1 standard account where we can choose what lot size we want? I don't understand mini and standard accounts, CMS does 400:1 with universal account, they don't have mt4 thats why I'm looking for MT broker otherwise I'd be happy with my cms live account.
Hey Cryten,
Yes it works, BUT I've refined it quite a bit. Sigh... ( enter what can only sound like a cheesy sales pitch, sorry ) I haven't updated the thread because I'm using the new version as a paid service over at 4xlounge. I didn't intend for my "Old Dog" thread to be a teaser at all. In fact, I posted that before I started 4xlounge, so I really do use it.
Hint: look at fibo pivots as they relate to stops and limits. Basically, you can catch breakouts and hold them longer... Sorry, if I post the EA, nobody will use 4xlounge, lol... but a little self testing on your part and..?
I apologize for my ignorance, but what has the Bank's Head Office in Beirut Lebanon to do with anti money laundering and anti terrorism checking in international money transfer to Switzerland (from anywhere in the world)?
[quote=aleccoh;152538]Good Day All
(...)
All Accounts will be held in Switzerland As Stated on the Web Site and on numerous thread but MUST pass By the Bank's Head Office in Beirut Lebanon since they are considered as International Trabsfers For Obvious anti Laundry and anti terrorism reasons (except if you are a Swiss Resident) in order to then be Rerouted to the Bank's Swiss Branch.
You Must understand That aleccohFx is Owned By traders and A big part of It is Owned By me Personaly.
I opened this Brokerage Firm To HELP My traders of aleccoh Trading Team and other traders, to Have access to all Markets with Pro Execution.
Since I am Lebanese and My Firm is Registered Thru Sv, OARG, GSCGI in Switzerland, I am Personaly Liable To permanent Investigation as of the source of Funds by BOTH the Lebanese and Swiss Banking Laws.
I hope i have been explicit enough and Hope that Other Brokers Follow my Sincere approach.
Good Day Jairo
__________________
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
Yes it works, BUT I've refined it quite a bit. Sigh... ( enter what can only sound like a cheesy sales pitch, sorry ) I haven't updated the thread because I'm using the new version as a paid service over at 4xlounge. I didn't intend for my "Old Dog" thread to be a teaser at all. In fact, I posted that before I started 4xlounge, so I really do use it.
Hint: look at fibo pivots as they relate to stops and limits. Basically, you can catch breakouts and hold them longer... Sorry, if I post the EA, nobody will use 4xlounge, lol... but a little self testing on your part and..?
Hi, cool I was gonna tweak the system and add some of my own spices to the mix. Just wanted to know if you were still trading. Best of luck with your revised version, I may just need to find this pivot fibs indi and have a look! Thanks for the hint
I am really pleased to see the success of the new brokerage firm aleccohfx that is doing very well indeed since it responds obviously to a need you had.
Now, I would like to make a few things very Clear :
aleccoh Trading Team is a different entity then aleccohfx.
aleccoh Trading team OWNS aleccohfx And in the same time is an IB of different Brokers that respond to our strict security and Professional criterias such as RFXT, FastbrokersFx etc...
Now Concerning the Funds sent to aleccohfx, Where are they kept, what will happen if aleccohfx goes down the drain (God Forbids)
All funds are kept in segregated accounts in UBS Switzerland.
What is a segregated account ? Lets imagine that aleccohfx main account is 123456.x
The x represents a sub account with a number, an amount and a name
Can we Take this money and fly to brasil ?
No we can't , This money is there to give aleccohfx a liquidity over at its liquidity provider and he must work with it (the liquidity provided) NOT with the accounts holder funds that are under the immediate supervision of Swiss Government regulators and Untouchable by aleccohfx.
In a word, We do not have access to it once its there and even if aleccohfx dissapears , the money will be in these accounts for you and you only (minus your losses or plus your profits of course)
THAT SAID, i must say thank you to 541 accounts holders with accounts already opened and funded in 25 days and trading very well i must add.
As a Gift to all these accounts holders , I am glad to announce that :
THE BULLDOZER EA 2.17a IS NOW FULLY FONCTIONAL AND WILL TRADE ANY ACCOUNT HOLDER'S ACCOUNT ON ALECCOHFX FOR FREE ON OUR SERVERS.
The minimum tradable account for this ea is 5000 $ and for security reasons A Whole IT team will be there to watch over its trading .
The Results of this ea are phenomenal (from 30% to 75% per annum) nevertheless it has Drawdowns, i will ask you all to remember that this an EA and not the aleccoh Trading team Trading your account so you will be asked to send us a STOP ALL TRADING ratio on all accounts traded by this EA that will try to surpass aleccoh Trading Team (although i personaly doubt it)
Thank You all
__________________
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