May
14
Written by:
AAMB Forex
5/14/2009 3:57 AM
A new version of AAMB-1 Expert Advisor has been built to allow executing this strategy with the new NFA Rule 2-43(b).
For this purpose the system is no longer using Stop Reverse orders as they are considered as hedge orders by some brokers. Anyway the expert advisor will never and has never opened two opposite positions on the same pair.
We recommend to test this new build on your broker using a demo account before restarting live operations.
Forex AAMB News Service.
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2 comment(s) so far...
Re: Build 1034: NFA Compliance Rule 2-43(b)
I have downloaded a demo version of AAMB-1 to use on a demo account. Am I right in thinking that one consequence of the new compliance rule will be to prevent autotrade programs using a stop loss to manage risk ? If so, this would seem to wholly undermine the rationale of autotrading forex software, at least where your broker is US-based.
By Tom Bailey on
7/25/2009 8:27 AM
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Re: Build 1034: NFA Compliance Rule 2-43(b)
No it is not completly right. Stoploss are still acceptable. What is not acceptable is to enter a stop order in the opposite direction of the current position. You can overcome this limitation by using an expert advisor that will enter a position when the price reach your stop level.
By AAMB Forex on
7/25/2009 8:29 AM
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