Tuesday, April 30, 2013

Trading Tools for Profitable Forex Traders


Yadix is happy to announce the inclusion of one-click-trading to the Yadix MetaTrader 4 platform.

Yadix one-click trading allows traders to execute market orders on the MetaTrader 4 platform with only one click. Ultimately, the one-click trading feature lets clients enter  the market in the fastest way possible to maximise the profit potential or reduce their risk exposure.

To access one click trading from your Yadix MT4, please follow the below instructions:

  • Login to your Yadix MT4 and load the chart of your choice
  • Right click anywhere on the chart and select One Click Trading
  • In the top right of the chart, the one click trading tool will appear
  • To trade, simply set the lot size you wish to trade and make your Sell or Buy selection
  • Accept to the terms and conditions of using One Click Trading

You are now ready to use One Click Trading.

The inclusion of the one-click-trading to the range of  forex trading tools available is further evidence of the Yadix commitment of providing beneficial trading facilities and valuable tools.  The range of trading tools are  available to assist clients in developing better trading strategies, risk control management and to generate forex trading profits.

In case of any questions, please feel free to contact our support team via live chat or email. We will be happy to assist. 

Monday, April 29, 2013

Improved Trading Conditions on the Yadix Scalper Account


Following a review of the Yadix Account conditions, the management team is delighted to announce a reduction of the ECN commissions charged to clients on the YadixScalper Account.

The reduction to 0.5 pips per side from a commission of 0.65 pips per side means that our clients are making at 23% saving on trading activity. In momentary values, clients will be saving $3 per lot (based on EURUSD) or 0.3 pips.

Scalper Account Advantages:

RAW SPREADS: From 0.1 pips        
Low ECN Commission: 0.5 pips per side Specialist Liquidity Providers: Ideal for Profitable Forex Scalpers Inter-Bank Trading: Trade directly with the true forex markets (no market making) Transparency: All client can rely on a 100% transparency on the STP/ECN Forex Model Account Opening: Only $500


The Yadix Scalper Account was specifically designed to reduce the minimum account opening minimum deposit to allow all levels of forex traders to benefit from trading on Raw spreads (that offers many forex strategy advantages) and especially for profitable scalpers and expert Advisor traders that are problematic for dealing desk and market making brokers.

Successful Forex Scalping

To operate a successful forex trading strategy, there are elements of your brokers policy that must be considered. At Yadix, we have designed a unique trading account that allows even the most aggressive and profitable forex scalping to trade without restrictions or issue. Dedicated liquidity providers connected to the Yadix Scalper account comfortably accept scalpers. There are no stop levels or limits, no time restrictions and true market depth that allows trade sizes from 0.001 (micro lots to 100 lots)

Profitable EA Trading
For clients that trade forex with profitable Expert Advisors, the Yadix Scalper Account not only provides the lowest cost trading conditions available for a low investment, but it also allows truly accurate order execution based on RAW SPREADS (direct market pricing),  super-fast order execution and anonymous order execution to protect your profitable trading strategy.
To learn more about the favourable and low cost forex trading conditions the Yadix Scalper Account offers, please feel free to connect with our professional support team who will arrange a one-on-one consultancy with our Auto-Trading specialists. 

Tuesday, April 16, 2013

STP Vs Market Maker Brokers - "When do Forex Brokers Turn Bad?" - Article 6


In article 6, we highlight when you can expect to see a difference in order execution.
When do Forex Brokers Turn Bad?

If you are a small trader or are generating trading losses, every broker will be good, BUT, as soon as you make a significant profit, something dramatic will change.
The most worrying part is that as soon as you reach these profit levels, the market making brokers may not pay your trading profits...simple as that.
There are many stories published about successful traders that there brokers refused to pay them. Simply search “my broker didn't pay my profits” or “my broker is a scam” in to google and read for yourself.

There are many more indicators that allows us retail forex traders to understand the type of broker we are trading with, however, by following the above, even the newest trader can easily identify if a broker is a market maker, will trade against us and make money when we lose!

We hope that this article has helped you identify a true STP, ECN or DMA broker and we highly recommend that you do not trade with a dealing desk (market maker) if you have any plans on making profits trading forex!

Yadix has a list of reasons Why Trade With Yadix STP Broker?

STP Vs Market Maker Brokers - "Why are there less STP, ECN & DMA Brokers?" - Article 5


Why are there limited ECN, STP  & DMA brokers on the market?

The answer is simple, with profit making strategies of dealing desk brokers, the likelihood of clients losses is greatly increased. This means that a market maker broker or dealing desk has the chance to make much more profit from clients’ losses when comparing to an STP, ECN or DMA broker.
Let’s use maths to prove it! In both scenarios, we will use the same numbers and compare the profitability:

STP, ECN or DMA Broker
Deposits: $1,000, 000
Lots traded in one month: 10,000
Profit from spread (1 pip per lot, not using notional values) = 10,000 * $10 = $100,000 gross profit

Dealing Desk or Market Making Broker
STP, ECN or DMA Broker
Deposits: $1,000, 000
Lots traded in one month: 10,000
Profit from spread (1 pip per lot, not using notional values) = 10,000 * $10 = $100,000 gross profit
Due to potential manipulation, clients total loses are $900,000 of the $1 MIO deposited = $900,000 gross profit
Total Gross Profit = $900,000 + $100,000 = $1 MIO profit

Now you can see the profitability of a True STP, ECN or DMA broker when comparing to a dealing desk/market maker, the reasons are very obvious.

Yadix provides 100% TRUE STP forex execution. 

STP Vs Market Maker Brokers - "How do brokers make money?" - Article 4

In article 4, we will discuss how a broker makes money and how it affects traders:

Broker Profits – ECN, STP, DMA or Market Maker?

We will now look at those brokers that claim to be ECN and offer a fraction of a pip spread or even zero spreads. These brokers are tricking you to think that you are trading ECN model and you are trading with the real markets. Logically thinking, how can a broker offer a zero spread? Where is the profit coming from for the broker? The answer is simple, CLIENTS LOSSES.
Ask yourself, have you ever heard of a bank that operates with no charges, of course not, a vehicle service centre that doesn’t charge for repairs? The logical is really that simple.
You might ask yourself, ok, so the broker is making the market, why should it affect my trading? The truth is if you are a losing trader, you will never notice any different, unless the broker is really greedy. Those that are at a level of generating profits from forex trading will be hit the hardest with manipulation, order delays and even expulsion.
A real STP broker will have a spread or commission that is logical and hopefully still attractive for the trader. A logical reward rather than offering a trading power bonus would be based on a rebate and around the commission earned from the spread costs.  Rebates are a valuable tool for clients and they can deliver valuable cash backs on a monthly basis. A rebate is literally a share of the brokers profit.

Does your broker send messages such as re-quote, wait, trading context is busy, quote is accepted, request is in process and so on? Yes? Then you are trading
against a classic scamming broker.

Errors such as above do not exist within the real market. Real liquidity providers will try to execute every order instantly and as effectively as possible. There are never re-quotes, however, in times of high volatility, orders can be filled at “the next available price”.
Error messages are caused for a very simple and logical reason, basically, the software used by your broker is looking for the worst possible price relative to the market to fill your order at, the dealing desk will then take the decision to keep your order in house or whether to hedge the risk and still make money on the worst price given to you, naturally, they are trading at a much better price.
Does your broker restrict scalping strategies or do they enforce a minimum Stop Loss or Take Profit, sometimes 5 or 10 pips away from your open price? If yes, they operate a dealing desk and are fully trading against you.
The enforcement on stop limits and levels is a ploy that forces the trader to stay in the trade for longer periods. If you are a scalper, you are likely to open and close forex orders within minutes or even seconds for small profits, the stop levels do not allow you to do that and therefore effect your profitability dramatically.

Does your broker allow EA trading? If no, then these are 100% market makers/dealing desk brokers.

Yadix offers no trading restrictions and accepts all EAs

STP Broker Vs Market Maker Brokers - "What brokers to avoid" - Article 3

Simple Steps to identify the best forex broker for you:


Does your broker offer a fixed spread?
Yes? Then you are trading with a market maker. There is not one market in the world where prices do not fluctuate. Based on that, how can a broker offer a fixed spread if they are not making false markets?

Avoid brokers who offer forex bonuses.
Offers of trading bonuses that seem too good to be true usually are. How can a broker take the risk of doubling a clients deposit and take the risk of losing it all in the real market? It would be financial suicide, and I’ll explain:

Trader A deposits $100 and receives a $100 bonus, if the broker is a true STP, this means that $100 of its own money is at risk!
Now imagine that the STP gets a $10 commission from the liquidity providers (based on spread) for every lot that is traded. If the client opens 1 lot with leverage of 1:500 the margin required is $200 without considering the spread costs. Now if that trade goes against the client, his order will be stopped out in a matter of seconds. Let’s do the maths...
1 lot traded for the broker = $10 profit
$100 bonus given away and lost
Equals - $90 (loss)

Now the same scenario with a market maker, the bonus is used as an incentive for you to sign up with them, remember you are playing a numbers game with the market making broker and the funds don’t actually go to the market and the broker has ZERO exposure.

Trader B deposits $100 and receives a $100 bonus, now the trades are not going to the market; it means that the broker has no risk here.
The client opens the same 1 lot order and losses it all within minutes.
The market maker also gets the entire spread as profit PLUS anything that the client losses.  Let’s do the maths...
1 lot traded for the broker = $15 profit (spread 1.5 [minimum])
$100 bonus is a virtual number and means NOTHING in this calculation
Clients’ losses equal $100
Brokers total profit = 100+15= $115

Yadix, a TRUE STP FOREX BROKER offers the most rewarding cash forex rebates for its clients.

STP Broker Vs Market Maker Brokers - "How to choose the right broker" - Article 2


How to choose the right forex broker?

There are many aspects of choosing the best Forex broker for you and this decision is probably the most important decision of all.
Every broker is good, honest and reliable, until the point that they realise that clients are operating a profitable trading strategy, EA or scalping robot. This is where the real issues start for clients trading with MARKET MAKERS.
Once you’ve reached this stage, there several manipulations employed by market makers to look out for such as, strange trading behaviour, a change in execution quality and possibly re-quotes. At this point, if you are an experienced trader, you will ask yourself “do I actually trust this broker to pay my profits?”
Let’s share a secret, these brokers are ones that trade against you and make money when you operate a losing trading strategy!

Finding the Best Forex Broker

If your broker is not an STP, ECN or DMA broker, then the broker will trade against you. These brokers are called “market makers”.
By trading at a market maker, you are trading only fictional numbers and not real market conditions. The bottom line is that if you win the broker losses and vice versa. To make sure you are not trading with a market maker, please refer to the following steps.

Yadix offers true STP/ECN Trading for all clients on all accounts - Superior order execution & Low Forex Spreads.

Advantages of STP Broker Trading Vs Market Maker Brokers - Introduction

Introduction to the Articles:


This series of articles is to help forex traders understand how to avoid having a bad experience with a forex broker. Firstly, a forex broker does not intentionally set out to punish you or your specific trading strategy, however, the fact is that many forex brokers are limited to the type of trading strategy they can accept and handle comfortably.

There is not a broker in the world that can accept every trading strategy, and as such, any broker that does is simply not being transparent. Many traders have found out the hard way.

How to choose the right forex broker?

There are many aspects of choosing the best Forex broker for you and this decision is probably the most important decision of all.
Every broker is good, honest and reliable, until the point that they realise that clients are operating a profitable trading strategy, EA or scalping robot. This is where the real issues start for clients trading with MARKET MAKERS.
Once you've reached this stage, there several manipulations employed by market makers to look out for such as, strange trading behavior  a change in execution quality and possibly re-quotes. At this point, if you are an experienced trader, you will ask yourself “do I actually trust this broker to pay my profits?”
Let’s share a secret, these brokers are ones that trade against you and make money when you operate a losing trading strategy!

Coming up - How does a forex trader identify a market making broker?

Wednesday, April 10, 2013

Forex Expert Advisor Trading


Automated trading is fast growing in popularity as an alternative to trading manually. This blog is to educate readers about what is an Expert Advisor, who can benefit for automated trading and even how to create your own forex  EA.

What is an Expert Advisor (EA)?

An Expert Advisor, that is also known as a Robot or EA. The logic behind automated trading is to allow software that is pre-programmed with a specific trading strategy to trade on a live forex account automatically for the owner/user. This allows the forex trader the freedom to trade the forex markets  24 hours a day without manually monitoring the markets for trading opportunities. The EA (Expert Advisor) takes hours care of all forex trading operations.

There are many forex expert advisors available on the market that are either sold independently, used via an Introducer or developed personally with a dedicated trading strategy. One common factor is that these automated tools (MT4 EAs) are developed specifically for use on the popular MT4 platform.

Who can Trade Forex with an EA?

Expert Advisors can be used by traders of all levels, from beginners to professionals, in fact many institutional forex organisations use auto trading systems to manage forex accounts. No matter the level of experience, an Expert Advisor can give a trader a massive trading advantage by allowing them to trade multiple markets and under different conditions. Each system is designed to fully manage trading opportunities and all trading operations including executing orders, using stop loss and take profit levels and adjusting pending orders and trailing stops.

There are many EAs available that operate using different settings, however, one common fact in all systems are the fact that each one operates using a predefined trading strategy and consistently evaluates all trading parameters at the same time. They operate much more efficiently than any human as all this data is processed instantly without any emotions that can cause a human to change or tweak the strategy.

If you are considering buying an Expert Advisor, or trading via an IB/EA Developer, then make sure that you first study the performance, operate tests and make sure that there is an open communication with the developer. Finally, you must fully understand how it works, and variables needed for successful forex trading and the expected results prior to trading.

How to Programme Your Automated Trading System (Expert Advisor)

Any profitable forex trading strategy can be programmed to an Exert Advisor using the MetaTrader 4 programming language MQL4 and can be released and tested on the internal MT4 strategy tester prior to live trading.

The MetaTrader 4 platform is the most popular forex trading platform due to its ability and flexibility to host any automated forex trading system. There are four critical tools needed to achieve your goal of developing your very own EA:
  • MetaTrader 4 Terminal - where automated trading programmes are managed and executed.
  • MetaQuotes Language 4 (MQL4) - the programming language for implementing trading strategies.
  • MetaEditor - editor and compiler of Expert Advisors.
  • Strategy Tester – an environment to test and optimise your Expert Advisors.