Vision EA New Development according to new NFA regulation

July 3, 2009

I resend my last email because the link at the previous emails not working.

Also our new Vision (released later) should not crash on your MT4 when it started (our technical has found solution for the problem).

As you know (or may not know) that NFA once again have new regulations for NFA brokers. The new NFA regulations now prevent you from trading like before.

What you need to do in the USA (for NFA brokers) as of July 31, 2009:
* Can’t have hedging positions, it means OCO orders ( One cancels the other)
* FIFO (first in first out) system: order that opened first must be closed first.
* Can’t have stop and profit target for order with the same lot-size.

Some broker like FXCM, and Forex.com move to their UK divisions. I myself prefer use Alpari UK.

I also working with COMPLETELY new development with our Vision trading system (VISION PRO) to follow NFA new regulations. (I received some letters that some of you afraid I will abandon Vision because of our basket development).

In this new development, I do not hedge EURUSD with USDCHF since the correlation is too difficult to predict and I limit the open positions to maximum 20 positions to lower the drawdown.

And back to use only 1 currency pairs (EURUSD), we can backtested it again…