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Originally Posted by ForeX Capitalist
Like I said on the pic * if it were that easy =) * which it isn't I'm still planning it out.
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Nothing worth having comes easy. But that's not to say you can't make something work if you discover a style, edge or a unique set of occurances which you can take advantage of on a repetative basis?
That pair, GBPJPY is a cool customer, & you can certainly work it via the small timeframe charts if you get your plan & your head nice & tight.
Those spreads will definitely handicap you though when you take this thing live. Why not try run your tests/demo across on EFX's platform.
I believe their spreads on that pair are quite competative, down around the 2-4 pip level during London business hours.
Even with the commission added on, I'm pretty certain you'll receive a fairer & sharper service.
One of the critical elements when executing a scalping or fast timeframe show, is
execution/fills. Doesn't matter what your risk management, size or spreads are - if you can't get unbiased & fast fills in & out, you're a dead man walking.
ECN-STP would definitely be the route I'd take if I were seeking a regular trip onto the sub 15min charts.
Good luck with your continued testing & demo work.