I think EURUSD is not going to be good for this year due to CHF issue, and I recommend to stop it now.
Change the pair to USDCAD, EURGBP and GBPUSD using risk Risk 15 to 20 for each pair. You can do trade those 3 pairs in 1 account or either only 2 pairs USDCAD & EURGBP in 1 account. Don't forget to apply different magicnumbers for each pair.
You can also trade each pair on a separated account using Risk 50 or below, without changing the magicnumbers.
Furthermore, stop high risk setting on all account.
Hi all, I have asked Activtrades customers support to clarify several things. The conclusions are below:
1. Starting January 20 , 2015 at 19:00 CET. The leverage we can get on all EUR pairs (including EURUSD) is only 1:100. This is only temporary leverage, they will announce again if they have changed the leverage to normal leverage 1:400.
2. Using 1:100 leverage, we can't use Risk 50 or 100. We can only use Risk 30 max. For me, I still continue with Activtrades and lower the Risk setting to 30.
3. I will try to look for another suitable broker we can use, with Risk 50 or higher.
Let me know if you have any questions Kind Regards
Please withdraw all funds from your ExcelMarkets account. They won't operating again (bankrupt) due to yesterday's CHF event. Withdrawal process is just as usual we do. It just seems I can't withdraw my profit. They only allow us to withdraw the initial deposit we made. If you experience any errors on the withdrawal process, please try it again in a few minutes.
Below is note at their website: "Note: We are currently experiencing hundreds of withdrawal requests. A small percentage of clients have reported errors during the automated withdrawal request process. If you experience a system error please do not panic. Although we are not offer trading services our staff is fully operational and we will not disappear on you. If an error occurs please email us at email@example.com describing the nature of the issue. We thank you for your patience and for the kind words many of you have already expressed. "
In the last several hours... I received emails from many brokers, with the same news: "unstable market condition" Some of them lowered leverage for CHF to 1:20. Some of them stopped - force close all USDCHF open positions at 5 pm new york. Be careful guys... I changed my mind and turned off my big accounts, only small accounts running.
OctaFX is not recommended anymore. They have bad orders filling and sometime cancel the profit with a loss (orders closed with profit but then they change the profit with a loss). I recommend to withdraw all your money from OctaFX and move to another recommended brokers.
Q: Why deactivate the EA on December 15 of each year and re-activate the EA again on January 3??
A: To avoid unnecessary risks due to volatility change at the end of each year. Volatility change during end of year would affect all pairs. We don't know if the volatility change is going to happen during the EA trading time or not. But I recommend to take the precaution step by deactivating the EA on December 15 of each year and then we can re-activate the EA again on January 3 to start trade on January 4.