One of Best Broker for Scalping for EA Bots & Traders
Scalper traders looking for brokers that allow scalping trading can trade with XM where all trade strategies are welcome without any restrictions. The Following are some of the advantages of scalping with this STP broker.
5 Reasons Why XM is the Best for Scalpers
No Re quotes - for scalping to be profitable the scalper knows that they require all their orders to be executed quickly without re-quotes because for scalpers, the speed of execution matters and a trader requires very fast execution to execute numerous trades that they execute on trading market.
If a scalper were to use a online broker implementing requotes then it is most likely the trader may encounter hundreds of them per day. With most traders making somewhere between 20 and 100 hundred trades a day, a few of these re-quotes will add up to many & in a fast moving markets these can increase tenfold to the point where even opening one trade becomes impossible due to many requotes leave alone executing a number of trades.
With a No-Requotes policy it means a trader can trade as many times as they want without ever receiving.
Execution with no - requotes will have multiple liquidity providers such that at any one given time there's enough liquidity to guarantee a buy or sell trading order is executed instantly.
For a scalper the execution rate can mean the difference between earning profits or making losses, this is why it's best to scalp with a no-requotes execution policy.
Order Execution Rate of 100 % with 99.35 percent of orders executed in less than a second
All orders are guaranteed to be executed & the execution rate of XM is 100 Percent with 99.35 percent of all orders being executed in less than one second. This is another reason why it's one of best.
Scalping Expert Advisors are Allowed
Indices scalping robots are allowed and scalpers implementing automated robots can trade with this broker using their trading Expert Advisors.
No Virtual Dealer Plug-in
With XM there is no virtual dealer plug-in software meaning your trading strategy will not get any interference during order execution. This is especially crucial for traders using EA Bots as their Scalping Expert Advisors can trade free in the market without any execution interference from this broker, such as requotes or off quotes, therefore the more the chances that your winning strategy will produces the same profitable results as it did when you were back-testing it.
Trade During Even News
One of the popular scalping time is when there is an economic news report. At XM scalpers can trade even during economic report times this is made possible by the fact that XM has multiple liquidity providers which guarantee order execution at any time in the open market, therefore there is no restriction on trading even during the news information reports times.
Fills of up-to 50 Lots
For trades execution is guaranteed upto trades of 50 Lots on a single trade. Stop loss is also guaranteed for any order at any price set by trader. This again is made possible by availability of multiple liquidity providers providing enough liquidity at all the times to guarantee trade execution of all trading orders at all times.
Free VPS for stock Expert Advisor hosting
Free VPS hosting is provided & traders can install their automated scalping bot on the VPS server and have their EA Bots online 24 7. A VPS is a better option for running your scalping EA, where instead of running the Expert Advisor from your Personal Computer, the EA is hosted on a Virtual Private Server & the Expert Advisor can trade in the market throughout because the VPS is on throughout 24 7.
