Forex MegaDroid FIFO Warning


An email from the Forex MegaDroid team was waiting for me in my inbox this morning.  It seems they will be releasing a new version of their robot before the end of the month, which is when the first-in first-out provisions of NFA compliance rule 2-43(b) finally come into force.

When brokers started implementing the "no hedging" aspects of that rule back in May it seemed to catch the Forex MegaDroid team by surprise.  Their customers discovered that the first version of the Droid suddenly stopped working. Albert and John are trying to reassure those customers that things will be better this time around :

There are some new NFA rules coming into force at the end of this month and we know that some people have been getting a little nervous about it.

With that in mind, we decided it would be a good idea let you know that we're working on a new release of Forex MegaDroid that'll allow it to continue trading once the new rules take effect.

As a loyal customer it's good to know that the Forex MegaDroid expert advisor will be fixed in time, and that FIFO won't bring it to it's knees. Albert and John's warning did, however, raise a few worrying thoughts at the back of my mind.

Will MetaTrader 4 be fixed in time?

Will all the other robots running loose around the world be fixed in time?

Will all the other forex trading platforms around the world be fixed in time?

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