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First of all, Aleccoh, congratulations. You've come a long way since you first appeared on this forum. As you know, I've been pretty skeptical. But you're beginning to withstand the test of time. You've still got some proving to do, but you just might pull it off.
And believe it or not, if you open up shop in the U.S., I'd probably open a small account with you just to test out the Aleccoh Experience. So again, congratulations!
Now concerning news trading in general, it's mainly a case of the market speaking to news traders. The market is telling you that it doesn't want your business. That's why you've got the problems of freezing, slippage, widened spreads and all of the other issues that annoy and frustrate you.
It's the market's way of saying that the system is overloaded - proceed at your own risk - if you can proceed at all. I know that news traders don't like that reality, but it's probably only going to get worse in the future.
It seems to me that in a zero-sum game like Forex, there's only so many people you can jam into a 40 pip spike without somebody getting screwed.
Do the BIG, BIG PLAYERS have an advantage when it comes to news trading? I'm sure they probably do. But just because there are problems at this new brokerage, doesn't necessarily mean it's the fault of the broker or something that he'll ever be able to fix.
So by all means, get the true technical issues sorted out. But news trading will probably never go as smoothly as one would hope.
You are absolutely right, I do agree With what you said and i might add that News trading is Not Trading at all.
You cannot Keep waiting to gain a few pips from explosions in the market and hope you will succeed every time.
Nevertheless, i gave The traders that Chose aleccohFx the possibility to "at least" Not get slipped on their TP and mostly on their SL and that is Very Very important for a Safe trading.
Thank you for your congratulations and will definitely check you out when we open in the states for you to be my First customer.
__________________
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
First of all, Aleccoh, congratulations. You've come a long way since you first appeared on this forum. As you know, I've been pretty skeptical. But you're beginning to withstand the test of time. You've still got some proving to do, but you just might pull it off.
And believe it or not, if you open up shop in the U.S., I'd probably open a small account with you just to test out the Aleccoh Experience. So again, congratulations!
Now concerning news trading in general, it's mainly a case of the market speaking to news traders. The market is telling you that it doesn't want your business. That's why you've got the problems of freezing, slippage, widened spreads and all of the other issues that annoy and frustrate you.
It's the market's way of saying that the system is overloaded - proceed at your own risk - if you can proceed at all. I know that news traders don't like that reality, but it's probably only going to get worse in the future.
It seems to me that in a zero-sum game like Forex, there's only so many people you can jam into a 40 pip spike without somebody getting screwed.
Do the BIG, BIG PLAYERS have an advantage when it comes to news trading? I'm sure they probably do. But just because there are problems at this new brokerage, doesn't necessarily mean it's the fault of the broker or something that he'll ever be able to fix.
So by all means, get the true technical issues sorted out. But news trading will probably never go as smoothly as one would hope.
Hi!
"The market is telling you that it does not want your business". What a sentence.
The Market?
What market?
Look, could you tell me why a pair drop 100 pips just after data is out?
Why do you think a pair moves? Because a given rate has broken down whatsoever EMA?
Come on, wake up, pal!
Why do you think 95% of retail traders fail?
Because they are morons?
They trade the spike and not only the news. The spikes, pal; the spikes and then the news in general.
The problem with that is that they do not want you there. And if they are brokers, they hate you. Why? Because you have the same odds than them to make money. That's all.
But, OK, lets take a position 5 minutes before a news release with its stop loss and take profit.
The point here is that some live account traders at Aleccoh couldn't do anything with their orders entered 5 minutes before the news release. Do you understand what this means? Really?
What do you do each day? You do not trade because there are news?
You are absolutely right, I do agree With what you said and i might add that News trading is Not Trading at all.
You cannot Keep waiting to gain a few pips from explosions in the market and hope you will succeed every time.
Nevertheless, i gave The traders that Chose aleccohFx the possibility to "at least" Not get slipped on their TP and mostly on their SL and that is Very Very important for a Safe trading.
Thank you for your congratulations and will definitely check you out when we open in the states for you to be my First customer.
Hi!
Aleccoh, loud and clear:
Are you going to honor a position taken 5 minutes before a news release with its stop loss and take profit without slippage or whatsoever?
Quote:
News trading is Not Trading at all
That's not true and you know that. Numbers, fundamental numbers, move the market and you know that. How can you say "news trading is not trading at all".
A lot of times, a pair just move, spikes, 30 pips because of data and that's all.
Greenspan said it: "a deviation from consensus makes the market move". Who moves the market? God? Soros? Who, Aleccoh? And who takes profit of that move? The poors of the world?
Thank you very much for your trust and Support Helping To Make AFX the Brokers of Traders .
Nevertheless, May i remind you that :
Eventhough the BULDDOZER 2.17 EA is an emulation of the aleccoh Trading team Trading technique.
Eventhough it has passed multiple Crash tests successfuly and Produced steady results on real Live accounts.
Eventhough it is Free for all AFX accounts holders
I still insist that you send us ALONG with the request of your accounts beeing traded with the BULL EA a CUT OFF or Close all Trades Limit in order for my traders to watch over the bull and Stop all trades when a certain DD that would be instituted by you occurs.
Eventhough DD are common and are controlled by Bull's algorithms, IT IS A MACHINE and we need your STOP ALL TRADES Limit to institute on each account BEFORE the actual Trading.
Enjoy the BULL EA free of charge on AFX and Know that even if it has taken the IT dept 4.5 years to code, and has been tested and retested, The actual trading is always Risky in the Highly Leveraged Spot Forex Market in General.
__________________
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
1) What has the Bulldozer EA seen in DD previously? to help us gauge our tolerance...calculate with 1k in a mini account
2) How does your managed accounts (5K minimum in mini acct.) differ in trades from the BullDozer management. Will there be different trades made?
3) Thank you for your service.
ES
Quote:
Originally Posted by aleccoh
Good Day
Thank you very much for your trust and Support Helping To Make AFX the Brokers of Traders .
Nevertheless, May i remind you that :
Eventhough the BULDDOZER 2.17 EA is an emulation of the aleccoh Trading team Trading technique.
Eventhough it has passed multiple Crash tests successfuly and Produced steady results on real Live accounts.
Eventhough it is Free for all AFX accounts holders
I still insist that you send us ALONG with the request of your accounts beeing traded with the BULL EA a CUT OFF or Close all Trades Limit in order for my traders to watch over the bull and Stop all trades when a certain DD that would be instituted by you occurs.
Eventhough DD are common and are controlled by Bull's algorithms, IT IS A MACHINE and we need your STOP ALL TRADES Limit to institute on each account BEFORE the actual Trading.
Enjoy the BULL EA free of charge on AFX and Know that even if it has taken the IT dept 4.5 years to code, and has been tested and retested, The actual trading is always Risky in the Highly Leveraged Spot Forex Market in General.
Last edited by ElectricSavant; 10-10-2007 at 07:02 PM.