Hi fellows,
I know that there are some brookers that allow scalping and some that are strictly forbidding it. As far as I know, “scalping” is when you do many trades with short timeframes, and have tight stop-losses and take-profits for those.
If the brooker don’t want you to do that, how exactly do they define it and prevent you from doing it? I have been playing around with Meta Trader, and found the STOPLEVEL variable, from which I can read the minimum allowed stop-loss or take-profit distance, from the current price.
In the case with my brooker, the spread for EUR/USD is 1.9 pips, and the STOPLEVEL is 2.0 pips. So I think I can still set very tight stop-losses and take-profits (much tighter than I would like to, considering the “noise” and the spread).
Is this the only way the brooker limits you from doing scalping? Grateful for any comments regarding this. 