Forex Executor Pro
As of August 1st 2009 the NFA's new FIFO ruling has taken away ALL US based brokers abilities to place essential orders that you MUST have as a trader if you are to succeed.
While some brokers are scrambling to offer a patchy work around, and may go as far as even providing a temporary a solution, there is absolutely no consistency, or any form of a centralized order platform in the forex market whatsoever.
The orders that have been effected are:
Conflicting Orders (For those you that like to straddle the market or use orders to bracket the market)
Stop Loss Orders (To Limit Your Losses or Risk in a given Trade)
Limit Orders (To Exit You Out Of Your Position When Your Target Is Hit)
Some brokers have removed these order types, some still have them (but for how much longer, who knows) and many have moved their ENTIRE client base overseas!! (NOT something you want to do for reasons explained below)
And as a trader, a quick fix or a partial work around just wont' cut it... it's your money at risk,
and while you may be with a broker that is still allowing these order types, there is no telling
how much longer they will be around... and they may literally dissapear overnight...
NOT a risk any trader should have to take.
How does this affect you?
With no standard for the new trading execution rules between brokers, you simply don't know how reliable, or even to what capacity your own broker will be able to execute the types of trades going forward that you have been so used to placing....
Trades such as Stops and Targets which are the lifeblood of any serious trader!
So we decided to turn these regulation lemons onto Lemonade... Enter The F.E.P.
When we began developing the F.E.P. trading platform, we realized there are many other limitations to the current trading platfroms available, so didn't just stop with re-creating all of the orders you are used to being able to place...
forex executor pro
We went a whole lot further.
The F.E.P. not only allows you to place OCO's Stops, and Limits orders, it also allows you to execute the following orders as well...
Trailing Stops...That Truly Work!
Break Even Stop Loss Orders
Plus, the F.E.P. also allows cell phone texting, so you can be alerted any time an order triggers, no matter where you are.
But None Of The Above Benefits Are Even
The Best Part - Imagine Having ALL Of Your Orders
Completely Hidden From The Brokers!
How many times have you felt your broker took you out of the market?
How often in your trading past did you stop magically end up being the high or low of the session? Isn't it amazing how that happens?
Question: Are You Seeing any of the following Danger Signs?
1) Have you recently noticed an increased number of losing trades in your account?
2) Was your trading robot or manual system been profitable in demo but losing on a live real-money account?
3) Do your stop loss orders get triggered too often compared to your take profit orders?
4) Did you notice suspicious spread widening recently?
5) Do you have a feeling that the strategy you use is supposed to be more profitable but something gets in the way?
Heres whats happening
Your broker has taken matters into his own hands. Your Broker knows where your stop loss orders are set and may be triggering them intentionally (called running the stops)
Once you understand how many brokers work, it really isn't all that amazing. You see many brokers manipulate pricing to profit internally!
This is called stop hunting and amazingly enough it is actually still legal. This is why your brokers high of the day is often different that other brokers.
However one of the greatest benefits with the F.E.P. is that your orders are actually COMPLETELY HIDDEN from the the brokers.
They are only ever seen as your order is triggered, only then is it instantly fired to the broker and executed.
This turns stop hunting from an every day costly reality ...to a total IMPOSSIBILITY!
The brokers simply can't take our your stops, when they can't see them! And this feature alone is worth the price of admission 100 times over, as it will save your trades from ever being taken out at the session high or low again.
So perhaps you are thinking well this sounds good, but I can solve all of this by simply opening an account offshore... WRONG!
Beware Of Solving The Problem By Opening An Overseas Account!
Because of the new regulations there is a Massive Stamped of traders that are panicking and hastily slapping together applications to open an overseas trading account. There are many issues with this.
First, there are legal issues involved where most reputable brokers are NOT allowed to accept US clients (unless they have a very high net worth of over five million dollars.)
Those that do are often boiler room operations, running out of suspect countries, where you have little or no protection at all.
Do NOT fall victim to these brokers by buying in to the panic mentality so many other ignorant traders are caught up in! The F.E.P. will allow you to keep trading as you always have, and even offer additional benefits you've NEVER before had!
forex executor pro
So Then, Will The F.E.P. Work With Your Broker?
By now ow you're probably thinking why wouldn't everyone be using the F.E.P., and the answer is not all brokers platforms are compatible with the F.E.P.. They must offer the Metatrader 4 platform in order for the F.E.P. to work.
So check with your broker to see if they have the MT4 platform, (it's free) and if for any reason they don't please email us for a list of brokers that do offer MT4.
The F.E.P. is designed to seamlessly plug into MT4 and it's robust design allow for a nearly instant and very simple install, taking only a couple of minutes to get all set up!
The F.E.P. Is An Essential Tool For Day Traders and Scalpers
Any trader who has used MT4 knows first hand that here are several limitations that for day traders or scalpers can be very frustrating.
Far Superior Trailing Stops: For starters the trailing stop function works very poorly, and it not really useable for any serious trader. The reason for this is that there are limits on the size of the trailing stop and it will not trail pip for pip until it hits a set threshold. The other issue is if your broker uses extended pricing. (Such as a 5 decimal place price instead of 4 decimals). Trailing stops are an essential part of money management, and are necessary to reduce risk and maximize gains. So, you have to have a good one.
The F.E.P. trailing stop function is FAR better because it allows you to determine the size of the trailing stop and it trails pip for pip!
Also most brokers don't let you place targets or stops closer that 4 pips from market, simply locking you out of quick profit opportunities when using targets, or keeping you from getting those few extra pips you so often know are there for the taking, forcing you to exit at market.
No MORE! The F.E.P. offers you the ability to place orders as close as a SINGLE pip away from the market, allowing you Legally Steal your pips day in and day out!
forex executor pro
Do you like to News Trade?
The F.E.P. allows you to have your orders braketed, so that regardless of the market direction you will enter the trade. You can set up your orders so that whether the market moves either UP or DOWN your trade will trigger. Metatrader 4 does not do this on it's own, and this is yet another priceless feature of the Executor.
No longer do you have to stare at your charts and guess which the way the market is going to go! You simply enter a bracket trade in the Executor platform, and it takes care of all the rest, so you're protected either way!
forex executor pro
Let's Recap Everything The F.E.P. Will Do For You...
Fully Compliant With The New FIFO Regulations
Hides Your Orders From The Brokers To Prevent Stop Hunting
Empowers You To Forever Place OCO Orders (regardless of any new NFA changes)
Empowers You To Forever Place Pending Orders / Targets (regardless of any new NFA changes)
Empowers You To Place Stop Loss Orders
Empowers You To Place Trailing Stop Orders
Offers A Super Stealth Trailing Stop Order That MT4 Does Not Have
Provides Cell Phone Text Messaging so you can be alerted of any triggered order anytime!
Avoid the hassles of opening an overseas account!
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