FCA/SEC - let's Occupy the Wall Street !

Тема в разделе "General questions", создана пользователем Kozubus, 3 Октябрь 2015.

  1. Kozubus

    Kozubus Бывалый Аргонавт

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    Looks like we need an EA that meets the requirements of NFA/FSA . The main of the Rules concern trading strategies, leverage and hedging:
    - The FIFO Rule: The FIFO (first in, first out) policy requires traders to close their oldest trades first whenever they have more than one position open on the same currency pair. Brokers who are not registered in the USA or with the NFA are not obliged to obey the FIFO rule.
    - Hedging is also not allowed in the USA and NFA-authorized brokers are to prevent it.
    - The third major difference between U.S. brokers and the ones registered in other parts of the world is the leverage requirement. NFA mandates brokers to offer a leverage of up to 1:50, whereas European and other brokers can offer you leverage as high as they want (some brokers would go as high as 1:2000).
    Hopefully, we don't need high profits for the EA - 1.5-2% per month with DD 2-3% are quite enough; but results have to be stable.
    Also, the most scalpers like WFR, EW won't work on the most of US brokers because of middle quality execution.
    Everybody is known that US financial institutions are the most stable in the word, so such a key for profitable forex trading there would eliminate all non-trading risks at all. I believe that the Milky Way EA meets the requirements, if anybody has any other ideas about good EAs , please share them here . Also, IMHO is a good idea to create a new one by Argolab guys , it could be very popular in FFforum and could attract an American (and everybody's who believe in America and can trade there) traders to another Argolab products. As all we know, an American market exceeds all the EU markets together (including Ukraine) + Russia and remains the biggest and the most stable in the world.
     
    Dmitri, ZIMA 76, Pythoha и ещё 1-му нравится это.
  2. loopsider

    loopsider Бывалый Команда форума Модератор

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    Generally, FIFO/No-hedging rules are not a problem. We have, for example, users trading Forex Warrior with USA brokers. One can just use one account for buy and another for sell trades. For more complex strategies, one can use a trade copier: the main robot is trading on a "normal" broker, and you copy buy trades on one no-hedge account, and sell trades on another account.

    Small leverage by itself is also not a problem. For example, if you trade with leverage 1:50 and set the maximal allowed DD to 10% of the deposit, the maximal margin load will be the same as for trading on 1/10 of the deposit with 1:500 leverage without max. DD limits.

    The REAL problem is the relatively large minimal lot (with respect to the typical size of the deposit). And this is something that kills most of the martingale-based strategies (unless the deposits are really large). Since intra-day scalping is also excluded by a mediocre execution, all that remains are medium-term trading strategies, so the choice of the trading strategies is VERY limited.

    This is the same as 15-20% per month with DD 20-30%. And stable. I would be interested in this, too :)
     
    Admin103, Gabriel, Kozubus и 2 другим нравится это.
  3. Kozubus

    Kozubus Бывалый Аргонавт

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    Actually two different accounts "Buy account" and "Sell Account" , from the lawyer's point of view are nothing but attempt to fool the government . Al least, it's a hassle.
    This works clearly for a while , but one day in 5-10-20 years it can blow not your account, but your life at all. Much better is to find out . to create, or to adopt another robot , working with FIFO,hedging and 0.1 minimum lot - with an "NFA-compatible" label :). A small leverage clearly is not a problem, and of course stable results 1.5-2% per month dd 6-8 % (8-10% month by DD 30-40% in a martingale world - that results we already have) are suitable as well. I created a topic not to find out a trivial and obvious leverage scale , but as a new direction where to go , and what family of new robots could be created. And you are right, a medium-term strategies are what we need, and looks reasonable to expect less DD from them :)
     
    Последнее редактирование: 4 Октябрь 2015
    Admin103 и loopsider нравится это.
  4. Kozubus

    Kozubus Бывалый Аргонавт

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    From the regular "Redneck" point of view, he puts $10k of his savings there and gets $100-$200 back monthly (sometimes doesn't) , gets 1099 form from his broker yearly can keep on growing his cabbage and listening country drinking and sleeping well... :)

    redneck.jpg
     
  5. Kozubus

    Kozubus Бывалый Аргонавт

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    Looks like the Forex Tramp and the Forex Tramp Pro could work. May be their respective sets could be used or (and) adopted , but should be tested first.
     
    loopsider нравится это.

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