So true. Market maker or BROKER will have no choice but to raise spread. Smart guy would of keep it to him self and not give it to every body. Here is little fact to share some of you who have no idea how forex work.
How Market Makers Work
Market makers "make" or set both the bid and the ask prices on their systems and display them publicly on their quote screens. They stand prepared to make transactions at these prices with their customers, who range from banks to retail forex traders. In doing this, market makers provide some liquidity to the market. As counterparties to each forex transaction in terms of pricing, market makers must take the opposite side of your trade. In other words, whenever you sell, they must buy from you, and vice versa.
The exchange rates that market makers set are based on their own best interests. On paper, the way they generate profits for the company through their market-making activities is with the spread that is charged to their customers. Spread the difference between the bid and the ask price, and is often fixed by each market maker. Usually, spreads are kept fairly reasonable as a result of the stiff competition between numerous market makers. As counterparties, many of them will then try to hedge, or cover, your order by passing it on to someone else. But there are also times in which market makers may decide to hold your order and trade against you.
Thirst of all, thanks for your EA shearing with big potential!
To understand it better, could you be so kind to explain strategy of its working?
For example, the thread was started from EA which works from RSI levels.
What is a logic of your EA?
It is shared here
Thanks mate. What settings should I put this on? EURGBP M5? Also, I use ODL as my broker which operates at GMT. What time settings should there be?
Hello Mr. RDB ...
I think better if you open a new thread to make it easier for other people to know this great EA.
Thanks for sharing.
I Agree, yes open a new thread
Request for ffaspector EA
I know RDB is working on v1d, but I thought these changes might help hold everyone over.
ffaspector, if you don't mind like to try your tweaked EA as well, please...
Sorry, It's O.K.
This EA was posted here:
Need for eur-gbp hystoric data
Good morning Freinds,
I need a good hystoric data for EUR-GBP.
It can be for 1-3 years.
I wish you to help me, Please.
Please send it to crossy at zahav.net.il
Thanke you all
could somebody please share template for !_rdb_Thunder_4WD_EURGBP_v1a so we can check the entry?
thx in advance