What exactly is scalping?

In forex trading, scalping is taking advantage of currency pair changes over a very short period of time. Traders that scalp usually use high leverage and aim for less than 10 pips within a few minutes. Scalping is generally considered to be a dangerous practice by professional traders and is officially frowned on by forex brokers.

While scalping -as mentioned above- is even used by professional traders, some newbies traders fall for the bells and whistles around some cheap EA’s that are being sold online and expect to make a million dollars daily by simply clicking a few buttons.

Please do not be a victim of those lame EA’s that work only on demo accounts. Before buying an expert adviser, ask for a performance statement on a live account, not a demo back test benchmark.

Scalping is a trading strategy, not a cheat method. Always try to understand how your expert adviser works. Ask your buyer about it’s maximum deviation, risk-reward rate and the logic behind trades. If the EA you are about to buy is too good to be true, it probably is not that good.

How scalping works on FIGfx?

The above definition was introduced by About.com and explains briefly what the real scalping is.

FIGfx does not require a minimum number of trades per month as neither we require a minimum pip value or open time for positions before allowed to close.

FIGfx accepts scalpers and scalping as a trading strategy.You can use scalping as a trading strategy with no restrictions of any kind, you are most welcome to scalp with FIGfx.

Arbitrage & Master/Slave EA’s

All expert advisers working with pip arbitrage techniques will result in your trading account being banned. FIGfx does not welcome cheaters and anyway using any technique or trading strategy. If your expert adviser is setup to steal prices from one source and execute orders based on those, please be kind to remove it from your account now as it will result in your account being banned.
No refunds will be issued.

4xGreed / Genius / FAPTurbo / IndraFXS / ForexShocker

While FIGfx allows scalping,we still prevent some expert advisers than are being spread on the market as millionaire makers. Please make sure your expert adviser does not overload the server with orders, rely on market gaps, trade inappropriate price jumps and/or use any other cheat methods before you implement on a real account.

Please notice that 4xGreed, Genius, Kaprit/Pacul, ForexShocker and all other arbitrage EA’s are strictly prohibited and will result in your account being banned, with no refunds. Aggressive EA’s that send tens/hundreds of orders per minute are also prohibited for violating the fair-use policy of our trading servers.

Normal vs. Abnormal Market Situations

The majority of EA’s are known to lack the proper support for hectic markets; specially when the market condition is too hectic to even catch a pattern or fulfill a specific trade order.

Examples of such abnormal market conditions is when the markets open early on Mondays with a gap in price. In such cases, your orders will be processed at the first tick we receive upon market opening from the liquidity provider regardless of the trade direction or type.