Super Scalper EA FAQs
What is an EA?
An EA is a commonly used acronym in FX and refer to the term Expert Advisor, which is an automated trading system for the Meta Trader 4 platform.
Is the account posted a demo or a real money account?
On our sales page for the EA it is our longest running FWD demo account that commenced with USD1k starting balance.
On our managed account page it is a real money account that commenced with a USD10k starting balance.
What do you foresee as the major challenge to the success of the system?
Slippage in an ECN environment, it is entirely the difference between the way a demo account performs versus a real money account on the same STP feed. This occurs to varying degrees due to multiple reasons, including but not limited to; liquidity, volatility, time of day, brokerage choice and their choice of LP and ultimately the banks.
How do you propose to overcome these challenges?
Via further testing of different settings in a real money ECN environment, which may be all that is required from this point. Exploring alternative liquidity providers. But also by additional code enhancement designed specifically to adjust for the slippage experienced on entry, and via more advanced optimization techniques.
How many copies are available or how long will this offer remain open?
When the offer next opens it will be 200 copies and will remain open until the quota is filled. We expect the quota be filled inside a week.
I’m interested and would like to come along for the ride but would like some assistance, can you help?
NMi can offer a VPS set up and/or management service.
I’m an asset manager and interested in the possibility of using it towards that end with developer support, can you help?
’s Trading Director is prepared to enter into such a collaboration.What is the price?
USD189 a copy. Personal use. 2 x demo, 1 x Live, 5 currencies license.
It says on the settings screen for all pairs that TradeZone is 2:00 to 4:00 (ON!). I see no parameter to set that ON! to OFF!. Is it running okay like that?
What is usetradezone set to by default? – It ought be false, in which case Super Scalper will ignore that TradeZone time.
Managed Account FAQs
What is Forex Trading?
It is trading or swapping currency on the Foreign Exchange market, the largest financial market in the world. It is a method used by almost every big bank and financial institution, almost everyday in their efforts to bring in profits.
Why open a Managed FX account?
Self-trading currencies are at best a very difficult proposition. Many forex investors do not have the time, experience or desire to trade in the forex market themselves. Being able to follow the market movement 24 hours a day is a very essential part of the trading. Managed Accounts are created for investors with risk capital who do not necessarily want to trade on their own.
What is the minimum amount to set up an account?
You will need a minimum of US$2,000. But performance fee reductions apply with higher minum balances. $2-10k attract 35% performance fee, $10-50K attract a 30% fee and 50k+ attract a 25% fee.
What is the procedure to open a Millennium Managed FX account ?
You set up your own brokerage account at www.fxpig.com, then request and download a LPoA which will act as advice to the broker that your intention is to have the Millennium System trade your funds for you. This LPoA allows the trading your funds for profit, but no right to withdraw your funds or control them for any purpose. The broker facilitates the levying of performance fees as they are on a month ends basis.
What is the management fee for the Millennium Managed FX account?
35% of profits only on account USD2-10k.
30% of profits only on accounts USD10-50k
25% of profitys only on accounts USD50k+How do you get paid?
We receive payment by direct payment from your broker account into another separate broker account within the framework of the Metatrader platform. This is facilitated by www.fxig.com
What currencies can the trading account be held in?
Accounts can only be held in USD.
What’s the difference between a Managed Account and a Managed Fund?
A Managed Account is your own brokerage account, in your name where you direct trading or assign to a third party power to trade only, and all or part of your funds can be redeemed within one day. The managed account only holds your currencies and allows you to follow a cost-basis for each of the currencies in your account. A Managed Fund is where you invest into a fund structure, managed by third parties that assign a proportional interest in the assets of the fund, be it a brokerage account or other such interests.
How do I track the progress of my account?
The brokerage you hold your account with supplies your account statement directly to your email as often as you specify. You can also view your account and watch your trades live in action 24/5 directly, through the brokerage MT4 Trading Platform. Additionally the MT4 can be connected to providers such as fxbook and myfxstats for a more detailed presentation.
What countries if any is www.fxpig.com prohibited from accepting clients from?
No such restrictions apply to www.fxpig.com.
What regulatory or compliance protocols do www.fxpig.com comply with?
Details can be found on the fxpig website, They are also in the process of complying with an additional EU based regulatory protocol, the details of which will be announced in due course.