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please check this for me Thank you

Posted By ntsai Tuesday, September 07, 2010
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please check this for me Thank you

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ntsai
Posted Tuesday, September 07, 2010
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Hi good day

I hope some body can help me. I got this message everytime when i running the .act file downloading feom here.
Is there anything wrong? Please help me.
I use ACT Trader. I am not a programer.

MESSAGE
Exception at trading strategy "MAPlusMACD" in routine OnNewCandle at Line:Column 42:23
Placing Stop/Limit orders is restricted; please contact the dealing desk.
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black
Posted Wednesday, September 08, 2010
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ntsai (9/7/2010)

Hi good day

I hope some body can help me. I got this message everytime when i running the .act file downloading feom here.
Is there anything wrong? Please help me.
I use ACT Trader. I am not a programer.

MESSAGE
Exception at trading strategy "MAPlusMACD" in routine OnNewCandle at Line:Column 42:23
Placing Stop/Limit orders is restricted; please contact the dealing desk.




I downloaded it directly from:
http://www.actfx.com/Download50126.aspx

I used it with EURUSD and no changes to the parameters.

I tested in the Tester and had no problems.

Scriptor is very good at making Strategies work.
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ntsai
Posted Wednesday, September 08, 2010
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Hi Black

Thank you so much.

I download from there too.

Should i put the file in some special folder under act trader?

because the problem is still happen no matter any .act file~

please help me to figure it out~

thank you so much
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mg2007
Posted Wednesday, September 08, 2010
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It seems that you have some restrictions on your system, maybe it’s somehow related to NFA? I’ve read that on ActTrader (which supports NFA rules) stops and limits are prohibited. I guess this is why the Admin added new directory to the code library “NFA compliant strategies”: http://www.actfx.com/DownloadsCategory22.aspx

Happy trade!




---------------------
Best Regards,
Mickey Glenn
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ntsai
Posted Friday, September 17, 2010
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Thank you so much.

Could you please explain what is the NFA rule?

if there is limitation, how can we trade freely? sounds not fair to trade...

do you know there is any other plate form or software can trade freely?

Thank you so much~
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mg2007
Posted Friday, September 24, 2010
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Hi, ntsai!

This is about NFA Compliance Rule 2-43(b) regulating the Forex trading in the USA. This rule prohibits traders from carrying offsetting positions in their accounts and requires that they be offset on a first-in, first-out (FIFO) basis.
In your case Stops and Limits are prohibited too in order to maintain this FIFO order of positions closing.
If you want to trade freely, I’m afraid that the only way is to search for another broker who is not regulated by NFA

Best Regards




---------------------
Best Regards,
Mickey Glenn
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ntsai
Posted Sunday, September 26, 2010
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Thank you so much~

anyway, good luck and happy trading
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