[randy1953]

I have a trailing stop placed at 20 pips so I just let the baby run.

The key to making this work well is to have a EA(forex robot) manage your trades for you.
You can input everything into the EA so when you turn the EA on bingo it will open up the trades, close the one not filled and placed the trailing stop on the filled trade in less time than it takes to snap your fingers. EAs are wonderful at managing trades.
Randy

Originally Posted by BlowFish »

Whats your initial stop...20? maybe 40? Do you stop and reverse at 40 perhaps? Also wondering what you target. cheers.

[BlowFish]

Hehe imho MT4 is so bad at managing trades you pretty much have to use EA's unless you are a masochist!

[randy1953]

no it's not at all you just need to know how to use it and also you need a very good connection and also a good data feed from your broker you ahve that and it's almost perfect

Originally Posted by BlowFish »

Hehe imho MT4 is so bad at managing trades you pretty much have to use EA's unless you are a masochist!

[BlowFish]

Originally Posted by randy1953 »

no it's not at all you just need to know how to use it and also you need a very good connection and also a good data feed from your broker you ahve that and it's almost perfect

Then I respectfully disagree. I am used to platforms where you can place a trade or cancel a trade with a single click on a price ladder or chart. I am used to be able to move a trade/stop/target with a single click drag and drop. I am used to splitting or merging orders with a single click. I am used to being able to simply scale in and scale out. All can be accomplished in a split second (literally) on other platforms. MT4 is horrible to place and manage orders quickly (imho). No price ladder no real chart trading.....horrible by any objective measure.

Charting fine but for serious trade entry and management third rate without helper scripts. With helper scripts it is just about bearable.

This is nothing to do with brokers or connections this is just about order entry software. Actually I don't know of a single real broker that has MT4 for order entry (a broker as opposed to a bookie). MBT where talking about it have they delivered yet? If you are comparing with other bookies software I guess it might compare favourably.

I am not sure how you can say that with a straight face. Have you used TT or even Jtrader? How about Ninja or even IB / booktrader or one of the many excellent 3rd part IB add ons? Still if you are happy with it that's all that matters.

[randy1953]

I wrote you a long message and then a light went off and now I understand what you mean.
Yes I will admit the actual order entry can be a problem for some. It simply does bother me because when I enter a trade I am not a scalper and I looking to get more than 10 pips from the trade. This is why I place the entry order on deviation 2 or 3 pips and it gets done instantly. However if you find a platform with a broker that gives you what you entered as all the time in the Forex market it's a lie they will take that back from somewhere else.
thinks a about it for a sec it does not take a lot of brain power to see how fast the Forex market can move. It can move 10,20,50 pips in a millisecond. If the brokers always had to give you what you entered as they would not be in business too long not because they are bookies but because of how fast the market moves..
Happy Trading
Randy

Originally Posted by BlowFish »

Then I respectfully disagree. I am used to platforms where you can place a trade or cancel a trade with a single click on a price ladder or chart. I am used to be able to move a trade/stop/target with a single click drag and drop. I am used to splitting or merging orders with a single click. I am used to being able to simply scale in and scale out. All can be accomplished in a split second (literally) on other platforms. MT4 is horrible to place and manage orders quickly (imho). No price ladder no real chart trading.....horrible by any objective measure.

Charting fine but for serious trade entry and management third rate without helper scripts. With helper scripts it is just about bearable.

This is nothing to do with brokers or connections this is just about order entry software. Actually I don't know of a single real broker that has MT4 for order entry (a broker as opposed to a bookie). MBT where talking about it have they delivered yet? If you are comparing with other bookies software I guess it might compare favourably.

I am not sure how you can say that with a straight face. Have you used TT or even Jtrader? How about Ninja or even IB / booktrader or one of the many excellent 3rd part IB add ons? Still if you are happy with it that's all that matters.