● Last Look or No Last Look – The term Last Look simply means that a brokerage has the opportunity to reject a trade within a given time interval. No Last Look simply means once an LP gives a price quote it must accept the trade on it.
This is important to your EA as a No Last Look brokerage may reject your trade and a forex ea indicator Last Look brokerage provides a fill with possible slippage, but you will enter in the trade.
● Depth of Market – shows how forex ea indicator many buyers there are at a price level, and how many sellers there are at a price level. This feature may be important for your EA to determine if there is sufficient volume to execute your trades. Scalping allowed – Some brokerages do not allow forex ea indicator high frequency traders or short term fast execution. This is important to your EA, as the brokerage may not allow your EA to forex ea indicator operate. ● Dealing Desk STP – A Dealing Desk brokerage will execute and hold your trades at it’s own trading desk. The STP brokerage will pass the trade to a bank or larger liquidity provider. This is important to know who is taking the other side of your EA’s trade and are they trustworthy?
Forex ea indicator Confusing at first.● Back Testing – is accomplished by reconstructing, with historical data on the brokerage’s DEMO , trades, how the EA would have performed forex ea indicator in the past using rules defined by the EA strategy. A brokerage’s historical data is forex ea important indicator to ensure how your easiest forex trading platform for beginners EA will forex ea indicator perform in the future with the same liquidity. ● Leverage – The brokerage will offer leverage on your deposit equity. A good rule of thumb is any leverage under 200:forex ea 1 maybe indicator an STP brokerage and anything over forex 200:1 ea indicator is a Dealing Desk. This is indicator ea forex important to your EA to have enough leverage to run your program along knowing what forex ea indicator type of brokerage you may be dealing forex indicator ea with. ● Commission Spreads- The commission is the cost the brokerage implements to each trade. The spread is the difference between the bid and the offer the brokerage streams to the trading account. The trading costs are important to your EA as they can turn forex ea indicator your successful back testing into a losing EA if the spreads are too wide or the forex ea indicator commissions too high.
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