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Remove CFDs from Z12 for USA account
#480686
06/29/20 01:06
06/29/20 01:06
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Joined: Jun 2020
Posts: 1 USA
vrindger
OP
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OP
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Joined: Jun 2020
Posts: 1
USA
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Hi,
Because I can't trade CFD's in the US, can I still run the Z12 strategies without CFDs using only forex?
Is there a way to remove CFDS from the strategies (maybe from the assetlist or something?) ?
Is this recommended?
Thanks!
Last edited by vrindger; 06/29/20 01:30.
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Re: Remove CFDs from Z12 for USA account
[Re: vrindger]
#480696
06/29/20 15:39
06/29/20 15:39
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Joined: Jun 2013
Posts: 1,609
DdlV
Serious User
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Serious User
Joined: Jun 2013
Posts: 1,609
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Hi jcl.
(This question is migrated (and added to) from the other thread as it fits better here, regarding procedure for trading in US account)
Can you please confirm: For trading Z Systems in a US account, one must:
0) FXOnly is deprecated and its value doesn't matter 1) (One way or another,) Set the NFA flag (to be safest, always set even if the broker supposedly handles it) 2) Manually adjust assets - Exclude in z<n>.ini for Z3 & Z7, or the .fac list (setting all invalid Assets to <=0) for Z1, Z2, & Z12 3) Set StopFactor=0 (for Oanda - and other brokers?) 4) Test, Test, Test - and evaluate if you really still want to Trade the System under these restrictions
Is this list of steps correct and complete?
Thanks.
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Re: Remove CFDs from Z12 for USA account
[Re: vrindger]
#480744
07/06/20 15:29
07/06/20 15:29
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Joined: Feb 2017
Posts: 1,718 Chicago
AndrewAMD
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Serious User
Joined: Feb 2017
Posts: 1,718
Chicago
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You would know this by reading the manual pages for the broker plugins. Oanda: Oanda works around most NFA issues on their side of the API, so the NFA flag needs not be set. IB: The NFA flag must be set for IB accounts. This is because issuing Trades (NFA=off) to the broker vs. issuing Orders (NFA=on) to the broker are completely different endeavors. https://zorro-project.com/manual/en/brokerplugin.htm
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Re: Remove CFDs from Z12 for USA account
[Re: DdlV]
#480753
07/07/20 18:17
07/07/20 18:17
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Joined: Feb 2017
Posts: 1,718 Chicago
AndrewAMD
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Serious User
Joined: Feb 2017
Posts: 1,718
Chicago
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- the Oanda statement is rather weak - what does "most" mean? - are there situations where a strategy will need NFA to be set? No, never. It's just saying that Oanda is always NFA compliant when you place trades, so you should never set the flag. However, brokers do not seem to be always transparent about Trades vs. Orders, so one must ultimately ask their Support staff? No, it's always obvious, especially to the broker plugin author, who knows how to read the broker's API documentation and then implemented a client for it in one flavor or the other. Each broker plugin manual page tells you whether to set the NFA flag for this very reason. Or experience errors and adjust? Do you make this adjustment before or after you blow your account? That's the question.
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