Markets Open

June 7, 2009

My broker finally opened at 17:20 (!) and here is what my screen looks like. We closed Friday at +1,256, a bit over what I had posted earlier in mid-afternoon, so there wasn't a lot of "profit taking" at closure as I had anticipated.



This looks impressive (and it is!) but don't forget about the gap closing. The gaps aren't huge, but still, if they actually close, we should be back around 1,256 in an hour or 2.

5-digit brokers

June 7, 2009

Well markets open in 5 hours, I hope everyone's ready.

A user brought up the fact that his broker (Alpari) uses 5 digits instead of 4 (I don't know why, but it's something we're seeing more of). So I have asked a programmer - one of the best - to make the necessary changes in the EA for those of you whose broker also has 5 digits.

In the meantime, simply make the changes in your EAs, that is, multiply by 10. For instance, if the SL for a pair is 150, this will come out to 15 on a five-digit broker. So set the SL to 1500 and you should be fine. Also adjust TPs in the same manner.

As far as I know, all the other settings should not be affected, but please fly me off an email if I'm wrong.