Thread: NordFX - ECN/STP, MT4, SR, Multiterminal broker

Forex Forecast for 14-18 March 2016

First, about last week’s forecast:
- the forecast for EUR/USD was unfolding more or less according to plan till the middle of Thursday – the pair first went down, then rebounded, set two boundaries of the corridor and entered a sideways trend. Specifically on 10 March, following the announcement about the ECB’s decision on interest rates, the pair fell to 1.0821 but then ECB Head Mario Draghi turned the market opinion about and the pair soared by 500 points to 1.1217. Nonetheless, EUR/USD still stayed within the 1.0710-1.1340 channel set by the indicators and graphical analysis on D1;
- the forecast for GBP/USD provided by graphical analysis was the most precise – at the beginning of the week, the pair was supposed to be oscillating in the range from 1.4150 to 1.4250, then rise and reach 1.4375. All this happened for the most part – until Thursday, the pair moved in a 1.4132-1.4275 channel, then went up and finished the week around 1.4380;
- for USD/JPY, graphical analysis on H4 and the indicators on all timeframes pointed to a further sideways trend within a 113.00-114.50 range. In reality, the pair did continue to move in the horizontal channel, virtually repeating the scenario of the previous week. As a result, the amplitude of its fluctuations was slightly greater than the predicted 12.22-114.44. With that, USD/JPY once again finished the week exactly where it had started – at 113.80;
- for two weeks in a row, the experts insisted that USD/CHF should reach the 0.9800 support, which the pair finally did last Thursday.

Forecast for Upcoming Week
Summing up the views of several dozen analysts from leading banks and broker companies as well as the forecasts based on different methods of technical and graphical analysis, the following can be said:
- in their forecasts for EUR/USD, 75% of the experts, graphical analysis and 100% of the indicators on H4 and D1 rely on the idea that the ‘magic’ of Mario Draghi’s words will last another week at least, and the pair will thus rise even more – to 1.1200-1.1240. Some of the more radical analysts suggest that it may even reach early February’s highs near 1.1350. As for the monthly forecast, almost the same 75% of the experts already speak about a drop to around 1.0800-1.1000. In the meantime, 1.1080 can be considered the strongest support level;
- the experts are unanimous about GBP/USD – 75% of them, supported by the indicators, believe that the pair should reach resistance at 1.4500. Graphical analysis elaborates that the pair will briefly stay at this level and, on breaking support at 1.4370, will first go down to 1.4250-1.4370 for some time and then drop more – to support at 1.4120. This scenario is backed by 65% of the analysts;
- there is no agreement among the experts nor the indicators regarding USD/JPY. About half of them are for a rise while the other half are for a fall. As a result, a sideways channel in a range from 111.00 to 114.50 with a 113.25 pivot point is probable. In the longer term, 60% of the analysts believe that the pair will move up to 117.00; 30% propose a drop to 110.00, and the rest 10% aren’t certain;
- the forecast for USD/CHF is 65% of the experts and 95% of the indicators suggest the pair’s fall to support at 0.9700-0.9750, after which it will resume breaking through 1.0000 and return to 1.0100-1.0200.

Roman Butko, NordFX

On 11 March 2016, IAIR Awards held a ceremony in Hong Kong in honor of its winners for 2016. NordFX was recognized as Broker of the Year / Forex Trading India.
IAIR Awards’ motivation for selecting NordFX is – “For consistently meeting the strictest standards of financial stability and proper handling and security of client funds within a transparent, sincere and productive operating structure. Through the offer of the most popular financial instruments trading software, NordFX makes trading more comfortable, convenient and effective for all customers.”
We’re very thankful for this acknowledgement of our efforts and the quality of our services. NordFX always sets as its top priority to provide consistently stable and profitable trading conditions for our customers in India, Asia at large as well as other parts of the world.

Forex Forecast for 21-25 March 2016

First, about last week’s forecast:
- the forecast for EUR/USD proved 100% correct. The main support was set at 1.1080, and the suggested peak for the pair’s rise was at 1.1350. In fact, from Monday to Wednesday, the pair relied on support around 1.1060-1.1080, and then on the news from the USA, it moved up reaching 1.1342, as expected;
- although GBP/USD finally reached the forecast resistance level of 1.4500, it did so only after it dropped considerably, breaking through all the expected support levels and rebounding from a 1.4052 bottom;
- in the forecast for USD/JPY, the 50% of the experts supporting a fall turned out to be right. The pair did drop, made it to support at 111.00, as predicted by the experts, and finished the week at 111.52;
- the USD/CHF pair was supposed to go down to support at 0.9700, which happened. The pair even overdid it a bit – it dropped 50 points going down to 0.9650 and entered a sideways trend, carefully sticking to the ​​0.9700 area just as the analysts had said.

Forecast for Upcoming Week
Summarizing the views of several dozen analysts from leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:
- the experts' opinions about EUR/USD are divided – about 40% of them are for a rise, another 40% are for a fall, and the remaining 20% ​​support a sideways trend. As for the indicators, 75% of them on H4 and 100% on D1 point upwards. Graphical analysis on D1 agrees with it, setting the target as last August’s high of ​​1.1700. With this, according to graphical analysis on H4, before starting to rise, EUR/USD may bounce off resistance at 1.1380 and fall to 1.1130. In the longer term, most analysts still tend to believe the pair will go down at least to 1.0500 in the next few months;
- according to graphical analysis and 55% of the experts, GBP/USD may first move in a 1.4360-1.4650 sideways channel for several days and then drop sharply to 1.4230. The long-term forecast, supported by 60% of the analysts and graphical analysis on D1, suggests the pair should fall even more attempting to reach 1.3840, the low of the end of last February;
- it’s obvious that the indicators point downward for USD/JPY. However, most analysts and graphical analysis on D1 reckon that the pair has almost reached its bottom and will be moving in a 110.00-113.00 sideways channel for some time;
- graphical analysis on H4 and 70% of the experts insist that USD/CHF should rise at least to resistance at 0.9850, with the ultimate target of moving above the key level of 1.0000. Support remains at 0.9650.

Roman Butko, NordFX

Forex Forecast for 28 March - 1 April 2016

First, an overview of last week’s forecast:
- regarding EUR/USD, those 40% of the experts that predicted a fall were right. The forecast of graphical analysis on H4 also turned out correct, indicating that last week’s bottom would be around 1.1130. On Thursday, the pair almost reached this level, stopping at 1.1143;
- the forecasts about GBP/USD’s sharp drop panned out 100%. The pair paused briefly at the lower boundary of the sideways channel – at 1.4360, broke through it and plunged to support at ​​1.4230. Then, trying to reach last February’s lows, it went even further down to 1.4080;
- the analysts and graphical analysis claimed that USD/JPY had reached its bottom and therefore should bounce upwards to 113.00, which happened. The pair wrapped up the week at 113.03;
- the USD/CHF pair was predicted to rise to 0.9850. The pair was just short of it when it got to 0.9786 on Friday. Thus, this forecast can be considered as fulfilled at least by 90%.

Forecast for Upcoming Week
Summing up the opinions of several dozen analysts from world leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be predicted:
- this week will be filled with releases of various important economic data. Perhaps, that is why there is no consensus among the experts regarding EUR/USD. Thus, 55% of them insist on the pair’s rise and transition to 1.1340-1.1470. The rest of the analysts, graphical analysis and the indicators on H4, on the other hand, point to a possible fall to 1.1055. In this case, there may be a slight rise to resistance at 1.1220 before the fall;
- according to the analysts, the prospects for GBP/USD seem quite ambiguous – 40% of the analysts are for a rise, about the same number are for a drop and 20% predict a sideways trend. However, the indicators and graphical analysis on H4 and D1 clearly point down. With this, GBP/USD may go up slightly to 1.4170-1.4240, then it should move downwards – first to support at 1.4070, then to 1.3970 and further down to last February’s lows around 1.3850;
- the experts’ opinions about USD/JPY are split almost equally. Graphical analysis and the indicators on D1 show a sideways channel with two scenarios for the boundaries – fluctuations around 112.30-113.50 on H4 and around 110.70-114.00 on D1 with gradual consolidation near support. In the longer term, both graphical analysis and 70% of the experts point to USD/JPY’s subsequent sharp rebound from the lower boundary up to 117.00, which may happen in the second half of April;
- there is nothing new for USD/CHF – 65% of the experts, graphical analysis and 70% of the indicators on H4 predict a rise first to resistance at 0.9880 and then further to 1.0100. Support is still at 0.9650 like last week.

Roman Butko, NordFX

Forex Forecast for 4-8 April 2016

Overview of last week’s predictions:
- in the previous forecast, 55% of the experts insisted that EUR/USD should rise and transition into 1.1340-1.1470, and they were right. On Friday, the pair went up to 1.1438, bounced down to support at 1.1335 and stopped almost in the middle of this range – at 1.1392;
- all of March GBP/USD performed large-scale fluctuations, which perplexed many analysts. Last week, the pair acted in a similar way – first, it rose by 340 points and then dropped by 290 points;
- technical analysis on H4 pointed to USD/JPY moving within a 112.30-113.50 range while D1 showed a wider range of 110.70-114.00 with gradual consolidation around support. The pair completed the week right in-between – it bounced off resistance at 113.80, moved down and stopped at 111.60;
- USD/CHF moved in an unexpected manner. Instead of a rise, it broke through support at 0.9650 and fell by another 60 points, ending the week at 0.9587.

Upcoming Week
Summarizing the views of several dozen analysts from world leading banks and companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:
- according to 70% of the experts, 90% of the indicators and graphical analysis on D1, the EUR/USD pair is predicted to rise at least to 1.1500. At the same time, half of these experts and graphical analysis reckon that the pair can aim even higher at 1.1700, with strong support of 1.1400. Conversely, the remaining 30% of the analysts and graphical analysis on H4 consider 1.1400 as strong resistance from which the pair should drop sharply to support at 1.1165. The beginning of the week will make it clear which scenario will play out;
- the indicators and graphical analysis predict a fall for GBP/USD. However, only 40% of the experts agree with this while the rest of them are on the other side of the fence. Nonetheless, all of them believe that the amplitude of the pair's fluctuations will remain within the boundaries of past three weeks. In the longer term, technical analysis and more than half of the experts still expect the pair to fall to last February’s lows around 1.3850;
- the forecast of graphical analysis on D1 for USD/JPY stays unchanged – first, fluctuations within the 110.70-114.00 range with gradual consolidation near support and then a sharp bounce from the lower boundary up to 117.00. This is supported by 100% of the indicators and 65% of the experts who also warn that the upswing may not happen before the second half of April or early May;
- about 40% of the experts, together with the indicators, believe that USD/CHF hasn’t completed its fall yet and the bottom is last October’s lows around ​​1.9485. The remaining 60% of the analysts and graphical analysis on H4 are sure that it's time for the pair to go up – first to 0.9740 and then further to resistance at 0.9880. Support is 0.9570.

Roman Butko, NordFX

Top 10 of MQL5 Trading Signals for March 2016
Overview by NordFX Expert

The MQL5 Signals service integrated into the MetaTrader platform is becoming more and more popular as it allows even amateurish investors to collect profits by automatically copying experienced traders’ signals. It takes just a few clicks to subscribe to one or more such signals. On its face, it looks as easy as it can get. However, practice shows that in pursuit of grand profits, subscribers rather often fail to assess risks correctly. To help to avoid such mistakes, we regularly publish ratings of the most sought-after signals, complementing them with comments by a professional – NordFX leading analyst John Gordon.
The top 10 of the most popular signal providers for March 2016 is presented below.
I. Green Line Signals (increase 668%, 296 subscribers),
II. Pound Aussie Real (increase 855%, 274 subscribers),
III. MenjadiTrader PAMM 144842 (increase 49%, 225 subscribers),
IV. Magic profits (increase 14133%, 180 subscribers),
V. Q2FX (increase 1300%, 126 subscribers),
IV. Geylani (increase 81%, 112 subscribers),
VII. LidziyaForex (increase 113%, 89 subscribers),
VIII. George Soros (increase 1986%, 76 subscribers),
IX. HnGcg (increase 58%, 75 subscribers),
X. Night Hunter (increase 313%, 73 subscribers).
Six of the current leading signal providers were in the February top 10 as well. They are:
- Green Line Signals jumped from the 5^th place to number one;
- Pound Aussie Real went up to the 2^nd place from the 4^th in February;
- MenjadiTrader PAMM 144842 kept its 3^rd position;
- Magic profits swapped the 8^th place for the 4^th in March.
Two signals, on the contrary, lost positions – LidziyaForex forfeited the top place and dropped to the 7^th while HnGcg moved to the 9^th place from the 6^th.
“I’ll begin the overview with two signals from the March and February top lists, – says the NordFX leading analyst. – Last month, I was surprised by LidziyaForex’s popularity among the subscribers who had invested over a million dollars in it. I also urged to evaluate all risks before signing up for this signal provider.
The fact is that this signal has been around only since last December and its maximum drawdown is as much as 57%. Analysis of the trades has shown that most often the provider simply waits for a losing position to become winning and locks in losses only in an emergency.
Unfortunately, my worst fears got confirmed in March – a 45% loss is a serious financial blow for the subscribers. Those who signed up early are actually lucky as they are still sitting on profits while those who subscribed over the last few weeks lost almost half of their investments. As a result, three quarters of the subscribers unfollowed LidziyaForex. Moreover, the signal provider seems to have thrown in the towel too by announcing that as of 1 May, the signal would cease to exist.
With this, I have a déjà vu feeling about March’s new leader Green Line Signals – it reminds me of LidziyaForex that much. Consider: the signal is just 12 weeks old, its maximum drawdown is 53%, and such close calls happened twice over three months. On the signal provider’s website, the figure is an even more alarming 63%.
Nevertheless, subscriber feedback about this signal is mostly positive, which can be explained by impressive growth – about 700% in three months. Still, it’s not all that great as it may sound: +220% in January, *+96% in February and slightly more than 25% in March. It’s called the reverse martingale, a strategy when the trader boldly builds up the initial deposit amount but then starts reducing risks gradually, so profits drop too consequently. Time will tell whether I’m right in this case.
In terms of stable profits, it’s worth mentioning the signal Magic profits. It’s about 3.5 years old, and it’s some assurance of reliability. The ratio of winning and losing months is 40 to 1, average growth is 10-20% a month, and the only loss was under 10%. Hence, such a remarkable result. Subscribers don’t need to be concerned by quite a large number of trades – about 180 a week. The signal provider averages positions and opens series of orders with a small lot size. What’s not so good about Magic profits is its maximum drawdown of 58%. It’s easy to reduce risks here – go to the trading terminal settings and reduce maximum deposit load for signal copying. Naturally, profits will get smaller but it makes sense in this case. For example, by reducing the load to 50%, the subscriber can count on 130-210% in profits per year with a possible drawdown of about 30%. Quite decent figures, in fact.
Out of the newcomers, the signal Q2FX is interesting in terms of the growth to drawdown ratio – 1,300% growth in 7 months and a 10% drawdown. Its trading results indicate that here a grid expert advisor may be used that opens lots of pending orders while averaging positions.
Night Hunter is reasonably good too – growth of 313% in a year and a half, with a 40% drawdown. In this case, though, the correlation of deposits of the provider and the subscriber has to be taken into account, otherwise the $30 subscription may turn this signal into a losing one.
This doesn’t concern the following three signals – MenjadiTrader PAMM 144842, HnGcg and Geylani. I suppose it’s because of free subscriptions that they got into the top 10, considering that their trading results aren’t off the charts.
Finally, George Soros is noteworthy due to the fact that it lies in the 8^th place in the subscribers’ ratings and in the 2^nd place in the ratings by MetaQuotes, the developer of MT4 and MT5. The signal has been yielding rather stable profits for almost a year. The biggest drawdown of 36% happened last December. In the first 3 months of 2016, the signal produced 90% growth with a drawdown under 20%.”
John Gordon sums up, “In conclusion, I’d like to remind that before subscribing to a signal, it’s important to carefully study online monitoring data, assess potential risks and set maximum deposit load and maximum loss in the trading terminal settings. All this will make you feel much more confident as a passive investor.”

New conditions of the Affiliate Program
Dear Partners and Customers,
Thank you for being part of the NordFX Affiliate Program! We are pleased to announce that as of 11 April 2016, new conditions of the Affiliate Program come into effect and partner commissions will be almost doubled! This is the most significant upgrade in the history of our Affiliate Program.
The basic commissions increase as follows:

• For “Micro” – from 25% to 40% of the spread!
• For “Account 1:1000” – from 25% to 30% of the spread!
• For “Standard” – from 20% to 30% of the spread!
• For “MT-ECN” – from 20% to 30% of the spread!

VIP partners get even more attractive terms:

• For “Micro” – commission 50% of the spread!
• For “Account 1:1000” – commission 40% of the spread!
• For “Standard” – commission 40% of the spread!
• For “MT-ECN” – commission 40%!

Current NordFX partners will be transferred to the new conditions automatically.
The updated terms and the revised Partner Agreement can be viewed in detail on the website http://nordfxpartners.com/.
We trust that you will see value in such a major improvement of the partner conditions and considerably increase your revenues from the NordFX Affiliate Program.

Generalized Forex Forecast for 11-15 April 2016

First, a review of last week’s forecast:
- the forecast for EUR/USD suggested that the battle line for the bulls and the bears would be drawn at 1.1400. However, the fact that they were actually equal in force was a surprise. As a result, neither of them could gain the upper hand and the week started and ended at the same level of 1.1400;
- the forecast that GBP/USD will be moving towards last February’s lows is starting to pan out. Last Wednesday, the pair sharply reached 1.4000 but, as expected, it quickly returned to the sideways channel, in which it has been moving for the last three weeks;
- the predictions for USD/JPY turned out incorrect. The pair reached the 110.70 support very fast but then, spurred by economic news from Japan, easily broke through it and went further down, finishing the week around 108.00;
- the USD/CHF pair demonstrated a sluggish sideways trend, making minor fluctuations around a 0.9570 pivot point.

Forecast for Upcoming Week
Summarizing the opinions of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be said:
- the W1 chart for EUR/USD clearly shows an ascending channel that started to form at the beginning of last December. Now the pair is basically at its top boundary. According to graphical analysis on H4 and D1, after rebounding from it, the pair should go down to the central line of 1.1135 and then return to 1.1500. The experts still hold onto the pivot point of 1.1400, indicating a sideways channel with quite a narrow range of 1.1320-1.1500;
- the forecast for GBP/USD remains unchanged – moving towards last February’s lows. This is supported by 65% of the experts, 100% of the indicators and graphical analysis on D1. The remaining experts believe that the pair will continue to fluctuate in March’s range of 1.4050-1.4450;
- it is clear that all indicators point down for USD/JPY. Two-thirds of the analysts and graphical analysis on H4 and D1 agree and reckon that the pair should reach the bottom at 105.50. Graphical analysis warns that a short-term surge up to resistance at 111.00 is possible before that. The longer-term forecast remains in force – USD/JPY should return to ​​114.70-117.00 in late April - early May;
- about 80% of the experts and graphical analysis on H4 continue to wait for USD/CHF to bounce upward. The next target is to return to around 0.9800. Support is at 0.9500.

Roman Butko, NordFX

Hello, NordFX company!
Does your company still have 8 bucks non deposit bonus? not much, by the way))

Originally Posted by Sadam

Hello, NordFX company!
Does your company still have 8 bucks non deposit bonus? not much, by the way))

Hello Sadam,
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We wish you successful trading!