Solution To The NFA Regulation Changes
As you know, the NFA recently made some changes that effects US Brokers. And some traders have been struggling to come to terms with these, as it greatly changes how they trade Forex. But, I’m going to share with you a way to turn lemons into lemonade.
Due to the new regulations, some US brokers no longer allow OCO (one cancels other) orders, stop loss orders and limit orders. Granted, most brokers have come up with some kind of patch, or workaround in order to allow you to keep trading as usual… but you may not be comfortable with this. (The changes haven’t been in effect long enough to know how the NFA is going to react to these creative solutions).
But all is not lost…
And frankly, the solution I am about to suggest not only allows you to trade as usual… but it also supercharges your Metatrader4 Platform! So, even if you use a non-US broker, the added functionality you get is worth looking into. What I’m talking about is an EA called Forex Executor Pro.
Here are some things Forex Executor Pro allows you to do:
- Hide all your orders from the broker
- Proper OCO orders
- Real Hedging
- Powerful Trailing Stops (Better than the original Metatrader4)
- Move Stop Loss To Break Even
- Simple Set Up For Cell Phone Texting
- … and much more!
So, if you are frustrated with the changes, or uncomfortable with the solution your broker came up with… than this is a great solution. Plus, if you just want more features to help your trading become more profitable using Metatrader4… this is a great Forex trading tool.
To learn more, watch this short video –> Forex Executor Pro
If you still have questions about how this Metatrader4 plug-in can help you trade better, there is a webinar on Thursday. You can get all your questions answered there. (I was on an exclusive webinar about 2 weeks ago before this tool became available to the public… so I know it is worth joining!)