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Respected Petko Aleksandrov and Team,
Hope you are doing great. I have just completed your course on “MT4 – Trade with Pro” and am highly obliged for your sincerity in sharing.
I myself am an educator… trying to develop my forex understanding to pass it on… however, I am currently struggling to finalize some broker to start my real trading experience…
As three are many many reviews about brokers… I would be greatly relieved if you can please name a few good brokers accepting clients from “Pakistan” without funding/withdrawal issues
As so far all the good brokers I have discovered have funding/withdrawal issues for “Pakistan”… I know you do not like to be associated with any broker… but still a few names by your end will help me a lot…
Best regards and Cheers
Hello traders,
I had an interesting conversation via e-mail with one of our traders. And I wish to share it in the Forum. This way, if other traders encounter the same issue, you will know where it comes from.
Question: Just to clarify, once a requote is issued by a broker, the EAs all stop working?
Answer: It is not true. The EA works perfectly. It calculates the strategy rules and sends orders. However, the broker refuses to execute the order and returns “requote,”
Question: Also, it doesn’t explain why new EAs are not opening positions. Why wouldn’t we just adjust the code to compensate if that would be the case?
Answer: There is only one reason – the broker refuses to execute the order by returning “requote.” This condition must describe cases when the price has changed from the time the orders were placed. However, our experts use on;y “market” orders. It means the EA uses the current market price. “Requote” dos happen. The EA reacts to such cases by repeating the order. However, your case is different. No matter how many times the expert sends orders, the broker returns “requote.” The broker has programs that work in their favor against the traders. They send various error messages when they are unable or unwilling to execute an order. “Requote” is a typical malicious broker behavior.
Question: We use … broker and have corporate rates etc. so it would be a lot easier for us to continue with his broker and just pro program the code.
Answer: The expert’s code is perfect. It can be reprogrammed in many different ways. However, it cannot fix the broker’s execution in any way because the problem is in the broker’s backend.
A question to Mr. Popov from ForexSoftare: Do you have any programmers who you can recommend?
Answer from Mr. Popov: We are one of the best Expert Advisor’s programmers with 20 years of experience and more than 12 patents. You already purchased and have the best software for Expert Advisors in the industry. Be sure we do our best to provide the world’s most safe and reliable expert advisers. However, we cannot modify the broker’s behavior.
It is possible that the broker has temporary difficulties. We cannot guess that. Please ask in their support forum for the problem. You may also call their support. However, I’m hugely pessimistic that they will come with a solution.
You may continue trading with your broker with the hope they will recover. You may also try another broker.
Hey Rehman,
Glad to hear from you. Honestly, I do not know which brokers have issues with Pakistan and for what reason.
Did you try all the brokers we have in the trusted brokers page?
Hi everybody, I’m Lance. I’m a new trader and new to this forum. Very happy that I found it, and Petko will be quite happy too since I’ll now stop using his Q&A as if it’s a forum rather than a Q&A section.
In the bitcoin strategy that I’m using, trades on Saturdays and Sundays are just as profitable as other days. In the back tests, I do get wrecked regularly by being forced to stay in positions a couple days longer than I should. There’s probably some trick to get around that, but there’s no trick that makes up for the 29% of time that is the weekend, when I could be and would like to be trading.
I like that on the crypto trading exchange Bybit, I can place immediate limit orders at the current price of bitcoin rather than the marked up prices required by brokers as well. These reasons to attempt to use these bots with Bybit rather than the standard channels, if that can be done, are compelling.
Has anyone here had success using these bots from the Expert Advisor Studio on Bybit? Are there limitations, or any reasons that pursuing this is a worse idea than it seems to be? Is it technically difficult to make this happen and work perfecctly?
Thanks in advance for any help or information.
i test a ea on 3 different brokers right now : 1. on ftmo trial all good only opens trades in the morning. 2. on blackbull raw it opened like 20 trades one after one and did go on 2.2% loss so it close all in loss. 3. roboforex ecn its fine it opened trades but on completly different time then on ftmo. so on which result should i trust ? and if u do challenges on other prop firms on what broker do u test to get the best results. With these test im not that confident to try a challenge now.
Hi Emre,
Every prop firm and every broker will give different results because the historical data for each prop firm or broker is slightly different. This causes the Expert Advisors to take trades differently.
The FTMO Expert Advisors / robots where generated with FTMO historical data. As a result the robots should perform best when used with FTMO prop firm. Now robots can be used with different prop firms but the results will be different. So what do you do to gain confidence. To resolve this difference it is recommended to backtest with the prop firm you plan on using for your challenge and then use the results to make trading decisions.
Alan,
Hi,
The list of trusted brokers is a very good starting point for choosing a trusted brokers. However I am a little bit confused with all the lettered agencies. In the page there are lots of mentions of FCA and FSA and FSC. However around the globe most of the countries has the same organization FSA or FSC like in Belize/Seychelles/Malta etc. Now what happens is most broker tries to utilize these names and later reveals the name like “Regulated under FSC from Belize”.
So I wanted to know that rather than a trusted brokers which of these regulatory bodies are actually strong? One example from the list is ForexVOX which is mentioned and “FCA, FSA” however it is actually registered under FCA of Seychelles which is mentioned https://fsaseychelles.sc/regulated-entities/capital-markets#tab-securities-dealer
Thanks in advance.
Hi Alan,
Yes but that does not answer the question and somehow I am not sure why my new post into this one. :'(
M0in
Hi,
The list of trusted brokers is a very good starting point for choosing a trusted brokers. However I am a little bit confused with all the lettered agencies. In the page there are lots of mentions of FCA and FSA and FSC. However around the globe most of the countries has the same organization FSA or FSC like in Belize/Seychelles/Malta etc. Now what happens is most broker tries to utilize these names and later reveals the name like “Regulated under FSC from Belize”.
So I wanted to know that rather than a trusted brokers which of these regulatory bodies are actually strong? One example from the list is ForexVOX which is mentioned and “FCA, FSA” however it is actually registered under FCA of Seychelles which is mentioned https://fsaseychelles.sc/regulated-entities/capital-markets#tab-securities-dealer
Thanks in advance.
N.B: I tried to create this as a different topic and somehow it landed in a different topic and I had no intention to hijack that thread. So trying to reopen this topic
Hey Moin,
Sorry for the late reply.
So, regarding the regulators, they are almost all the same. But the best ones are mostly FCA and FSA.
Hope this helps!
If you have other questions, let me know!
Kind Regards,
NikosHello Petco,
I have been following you on youtube and learned a lot from you and your team. however, I would love to get your recommendation on which broker(s) I can use as a US Citizens.
Thanks!!
Hello Petko,
I have been following you on youtube and learned a lot from you and your team. however, I would love to get your recommendation on which broker(s) I can use as a US Citizens.
Thanks!!
Hello,
Thank you for following our YouTube content — we’re glad you’ve found it helpful!
Regarding your question about brokers for U.S. citizens: unfortunately, both IC Markets and BlackBull Markets are not suitable for U.S. residents. Neither broker accepts accounts from U.S. clients due to regulatory restrictions, so opening a live account with them as a U.S. citizen would not be possible.
If you are a U.S. resident looking to trade with Expert Advisors or automated strategies, we recommend choosing a broker that is regulated in the United States (CFTC / NFA). Some brokers commonly used by U.S. traders include:
OANDA
Forex.com
Interactive Brokers
OX ShareThese brokers allow U.S. clients to open accounts and are generally compatible with demo or live testing of automated trading strategies. We recommend starting with a demo account first to ensure the EA works under U.S. regulations before committing to a live account.
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