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09 Sep 2010

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	NFA Regulation 'No Hedging'

Article Q:
Dear support!

I find your DTS-1 EA quite promising, and I'm considering to buy the
quarterly membership but the other day I got this letter from IBFX:

"Dear Customers:

Interbank FX, along with all FCM's, has received information from the NFA
that we wanted to pass along to our customers. All registered FCM's have
received a new Compliance Rule 2-43 regarding forex trading.

On May 15, 2009, forex customers will no longer be allowed open "hedged" positions in
their accounts. Please see an excerpt from the new NFA rule below. If you
are currently using Hedging as a trading strategy, we would encourage you to
use the Interbank FX Demo accounts over the next month to help modify your
trading strategy.

Also, for those of you who utilize hedging strategy with
your "Expert Advisors", we would encourage you modify your code and test
your advisor on the Interbank FX Demo servers as well. In order to assure a
smooth transition for our customers to the new NFA Compliance Rule,
Interbank FX has set May 8, 2009 as the last date that customers will be
able to Hedge open positions."

My question would be that what effect this new rule has on your EA?

A:
Please close all cycles and set Enable_C2 through Enable_C4 to 'false' OR wait for 1st. May.

Alternatively you can open account in non NFA regulated brokers e.g. Alpari U.K.

Yes we are using hedging for PointBreak and DreamBuilder. For non hedging trading system you can try Fractal system.

For EA result, you can login with the detail below:
You can login using into our Fractals-3:
Account#:2114677
Password:fxhope1
Server:InterbankFX Demo Accounts

In the meanwhile we will try to gather all information and solutions we can regarding new NFA regulation regarding 'No Hedging' policy.

Thank you.
Support Team - Forexhope.com
A new hope in forex trading

Article Details

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Created On:

20 Apr 2009 12:51 PM