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Thread: Why there has to be 10 pip difference

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    In Profit moneydeep's Avatar
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    Default Why there has to be 10 pip difference

    when setting a pending order why does there have to be such a large difference?

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    in which currency you find this diffrence?

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    I think that the currencey that doesn't have much dealing with, you can find such a big difrence but in others like EUR/USD or something you'll find it small difrence

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    Because, any change BELOW 10 pips WILL happen in about 10 minutes at most. So it`s stupid to set a pending order that will be executed only several minutes later... Still, I would give that option to traders and to let THEM chose weather they want to set it or NOT....

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    In Profit aminhakim's Avatar
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    I guess since FXEGYPT is a broker who allows scalping, then difference should be less. Like 5 pips or so. A lot of brokers allow that. When talking about scalping we're talking about 10 minutes max. Well at least I suppose so. Since I never tried it, I wouldn't know. I never believe that there's a profitable scalper.
    Last edited by aminhakim; 06-10-2007 at 04:13 PM.

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    I agree that fxegypt should give you the option.... then again, it`s just useless ! Scalping (1o pips one) is a standard, as long as I know, so why do you want to micro-scalp??

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    Quote Originally Posted by borovic View Post
    I agree that fxegypt should give you the option.... then again, it`s just useless ! Scalping (1o pips one) is a standard, as long as I know, so why do you want to micro-scalp??
    If you're answering me, I never said I scalp, but I said that I don't think there's profitable scalper. But the option is available at other brokers, why shouldn't be available here. FXEGYPT provided incredible support till now so there are 2 options. Either they're gonna take our money and run or they're here to stay and they should probably have all available trading options to qualify one of the best traders.

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    In Profit aminhakim's Avatar
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    They offer 500.1 leverage, one of the lowest trading spreads among brokers, great support, 25$ minimum accounts, they're honoring TP and SL as far as I know, they wanna offer micro-lots soon, and 4 available deposit and withdrawal options. I guess couple of things still missing and one of them is the topic of this forum.

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    nicky2k
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    You see, since FOREX market is so fast moving and progressive, in many cases your currency pair will move 10pips within 20-30 minutes, well, which way it moves, it really depends on how you have read the chart and predicted the trend...

    I don't know about many of you, but for me 20-30 minutes is not a very long time, if I want to open a trade when the quote is 5pips below what I am seeing now, I will simply wait... If I am waiting for some drastical change, then yes, I will put a pending orded with certain parameters.

    Honestly, I think that the 10pip is fine.
    Last edited by nicky2k; 06-19-2007 at 01:30 AM.

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    Yep, you`re right! But, you could maybe set up an ea that would close your trades after only several pips? That can solve your problems....

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    It would be nice to reduce the limit maybe 5 would be great. anyone else think so?

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    Quote Originally Posted by FX Egypt Manager View Post
    10 pips minimum is a standart requirement. Maybe, in the future we will reduce this limit, but can't promise.
    may be I hope to do it fast admin

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    10 pips is fine it it is 10pips away from the entry point. but if it is 10pips away from the current price its a different story.

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    Quote Originally Posted by dollar_earner View Post
    10 pips is fine it it is 10pips away from the entry point. but if it is 10pips away from the current price its a different story.
    we cannot liquidate if it's always 10 pips from the current price

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