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You'll obviously going to get bunch of fcukers come and post some backtest/forward testing statement. When you ask what EA is it, they either ask you PM them, or directly post here its their own EA, not for sale. When you PM/email them, you'll get an answer of something similar to this.
Quote:
"This is my personal EA that I invested many sleepless night. It is so profitable that I unwilling to sell it. After I saw your post, I feel touched. Now I willing to compensate my work for you, but you'll have to bear half of the development cost. Me and my programmer spent 50,000 dollars to develop this EA. I decided to sell to a limitted number of user only. All you need to do is send 500 dollars to my e-gold account. You'll get the EA for XX months, then you'll required to renew the license. Or you pay me 5,000, I'll let you have a life time license.
Sincere,
Scammer"
Familiar aike?
Quote:
Originally Posted by TheRumpledOne
What does filtered mean?
The "filter" ES meant is, atleast 10pips and above as take profit/immediate closure of positions. Legit stop loss that doesn't vary from take profit too much, with extremely high accuracy(preferrable 70% up if RRR is 3:1) Time distance from 1 trade to another is more then 3 minutes. These are the minimum requirement for InterbankFX.
So, you'll need to have an EA that have atleast 10pips take profit, stop loss lesser then 30pips, with 70% above of accuracy. Trade doesn't issue too often.
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
I once have spoken to IBFX cs, and he said that IBFX recommend that a customer should hold position in 90 seconds before closing it. However, he clearly stated that if a customer decided to close position before 90 seconds, IBFX have nothing against it as it is done not via dealing desk. I ahve done this in live trading by taking 1 pip as the TP and it works just fine. So, scalping is allowed in IBFX. Probably the main risk would be slippage though.
The "filter" ES meant is, atleast 10pips and above as take profit/immediate closure of positions. Legit stop loss that doesn't vary from take profit too much, with extremely high accuracy(preferrable 70% up if RRR is 3:1) Time distance from 1 trade to another is more then 3 minutes. These are the minimum requirement for InterbankFX.
So, you'll need to have an EA that have atleast 10pips take profit, stop loss lesser then 30pips, with 70% above of accuracy. Trade doesn't issue too often.
Regards
David
Thanks.
So, a EA that has a 6 pips TP and a 7 pip SL and trades once or twice per hour wouldn't be allowed?
I am new to MT4 so I don't know many of the basics.
You'll obviously going to get bunch of fcukers come and post some backtest/forward testing statement. When you ask what EA is it, they either ask you PM them, or directly post here its their own EA, not for sale. When you PM/email them, you'll get an answer of something similar to this.
Familiar aike?
The "filter" ES meant is, atleast 10pips and above as take profit/immediate closure of positions. Legit stop loss that doesn't vary from take profit too much, with extremely high accuracy(preferrable 70% up if RRR is 3:1) Time distance from 1 trade to another is more then 3 minutes. These are the minimum requirement for InterbankFX.
So, you'll need to have an EA that have atleast 10pips take profit, stop loss lesser then 30pips, with 70% above of accuracy. Trade doesn't issue too often.
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