I’m developing a new tool for traders and I want to hear what you think about this tool. The aim of the program is to help traders with some routine tasks and speed up trading. It will work with MetaTrader 4 platform.
Here is the screen shot of the program:
Main features are:
* 1) Open/close orders on any pair in one click. This can be helpful for people who use scalping strategies.
* 2) Set StopLoss/TakeProfit levels on MetaTrader4 charts by dragging lines on the chart (see the screen shot below)
* 3) Show the list of orders in a compact form with custom filters
* 4) Easy and compact interface, you can put the at any location of your screen on the top of other windows
* 5) Open bunches of trades (for example open a stack of Pending orders or open several orders on different pairs at one time)
* 6) Hide SL/TP from broker
* 7) Multilevel StopLoss/TakeProfit (you can set many SL/TP levels where your position will be scaled out)
Please let me know what you think about such a program? Can it be useful for you?
Please confirm this to me as I am going to stop trading. Since I started the issue 1 month ago I did not gain anything rather lost. Sometimes I feel the market knows my intention and converts on purpose or the broker is doing this?..how can I make sure of manipulation…
I think the best is to stop this but what about people trading for years…
please enlight me
My take is there is only so much they can do and the rest is about you. If most of your trades are ends up near your SL then a non reputable broker might hunt for your SL. Or they might ignore you. 1st rule of trading I learnt is never blame the markets if your trades go wrong but blame yourself.
If you’re concerned about brokers then go for reputable brokers as there are lesser chance of dodgy things happening as they’ve got a reputation to uphold. You can go to broker review sites and read the reviews. To be on that safe side go for ECN based brokers they do not have dealing desks and do not trade against you. That is still not a guarantee that dodgy things don’t happen but it is unlikely a reputable “full” ECN based broker will get involved in shady stuffs.
Truth is there are people trading Forex full time and have made loads of money(a couple of them in this forum itself) so you shouldn’t let what the brokers do affect you. I love Forex trading and am trading live now and I hope some day soon I can do this full time regardless of what the brokers can do or intend to do.
please can you help me for a broker name you trust…I use forex.com and had lot of suspicion about the way they manage our accounts…what do you think of hotforex? …
I am using an Aussie based broker at the moment and the only other broker I’ve used is City Index. No complaints for both so far.
I can’t comment on those other brokers as I’ve not used them. You can try reading up the threads on brokers of which there’s a specific forum for it in BabyPips itself or you can try 100forexbrokers and a few other broker review sites.
