Archive for July, 2009

There have been some rumors about the Amero to replace the dollar, and now we have another disturbing report from Bloomberg. Medvedev showed a coin during the G8 meeting in Italy, a coin representing a new world currency. And what would a new world currency do? Well simply put it replaces other currencies and screws up the Forex market, your favorite hangout. And of course it puts money control in the hands of a few. Wasn’t it pope Benedict who called for a world political authority to manage the economy a few days ago?

A lot of people wonder what impact the new NFA rules may have in Metatrader used with NFA regulated brokers. I’m not going to explain the new rules – you can read about them on many sites. What I will try to do is to tell something about the impact it may have for Metatrader 4 and for Magic Lines.

The rules say that you cannot tie a stoploss and a takeprofit to an order. So does this mean that the stoploss and take profit entry settings are going to disappear? Probably not and here’s why:
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Register to download the new Magic Lines scripts for Metatrader 4. New features: Risk/money management function (1.5% risk on any trade pre-calculated), visual pending orders and market orders, real-time visual stoploss and takeprofit adjustment, support for multiple instruments. These scripts work on 32 bit computers now.

If there is demand, Magic Lines will offer a new client based workaround (where and if possible) for Metatrader users facing new NFA rules which limit stoploss and other current Metatrader 4 functionality.