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Again PEPPERSONE is cheating
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adrian8891

Member Since Jun 03, 2010  696 posts Adrian Matusiak (adrian8891) Dec 11 2013 at 20:36
Again pepperstone has cheated .

Here's video how they taken around $110 in few seconds without any reasons (see ticks)

https://www.dropbox.com/s/3r3gzkusu515cz9/clip0031.avi


PAMM MANAGER // Professional Fund Manager
CrazyTrader

Member Since Nov 21, 2011  1670 posts CrazyTrader (CrazyTrader) Dec 12 2013 at 08:03
I'm with Pepperstone too and my robot is almost done also to trade news.

I have already experienced the same as you especially on GBPNZD

I have notice with them that at news event, their liquidity is so low that the spread is widdening too much.

Well this might be the same with other brokers I guess (ECN)

I was thinking about a condition that is allowing the EA to place orders the second after spread has widdened.

What do you think?

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Thalantas

Member Since Mar 29, 2012  192 posts Thalantas Dec 12 2013 at 10:15
Dude, 0.23 lots with a 50$ account...you are looking for margin call with such aggressive style.

Even for news trading that is not reasonable. You'd better go gambling.

A smooth sea never made a skillful sailor.
adrian8891

Member Since Jun 03, 2010  696 posts Adrian Matusiak (adrian8891) Dec 12 2013 at 14:15
Thalantas posted:
Dude, 0.23 lots with a 50$ account...you are looking for margin call with such aggressive style.

Even for news trading that is not reasonable. You'd better go gambling.


Firstly, I'm not a 'dude' and my style is my rule. This topic has been started to show You, how Pepperstone is cheating.

PAMM MANAGER // Professional Fund Manager
CrazyTrader

Member Since Nov 21, 2011  1670 posts CrazyTrader (CrazyTrader) Dec 12 2013 at 14:34
They did not cheat.

Looking at ticks it's pointless.

You placed pending orders just before the news. Price started to drop, Sell triggered, but Buy stop also trigerred because they have 10 to 15 pips spread for a couple of seconds.

So Ask is > from SL for sell order... so it closed.
And same for Buy order, Bid is already < SL so it closed.

Don't watch ticks... display some data into the chart like Spread

Instead of placing pendings 3 sec before the news... do it 3 sec after it.

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adrian8891

Member Since Jun 03, 2010  696 posts Adrian Matusiak (adrian8891) Dec 13 2013 at 09:04
3 sec after is pointless :)

PAMM MANAGER // Professional Fund Manager
CrazyTrader

Member Since Nov 21, 2011  1670 posts CrazyTrader (CrazyTrader) Dec 13 2013 at 11:42
So what don't you try to create your pending @ the news event in this case 11 pm and adding this to your code so you avoid the spread that srew your orders.

Ask - Bid < 3 pips.

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MrPatient

Member Since Jan 02, 2012  20 posts Leigh (MrPatient) Dec 20 2013 at 12:31
@adrian8891

I agree with @CrazyTrader , I use Pepperstone with my 'Consistent Forex Growth Strategy' and
havn't had any issues with slippage. In fact they are the tightest MT4 broker I have ever used.

If your trading news you need to learn to deal with the slippage both slightly before and after the news event. Have you tried not trading the news perhaps? maybe something like Price Action (which is what I use) would yeild better results.

Not trolling, wish you the best of luck with your trades, whatever style they are.

Regards,

Mr Patient

Patience, above all else.
Thalantas

Member Since Mar 29, 2012  192 posts Thalantas Dec 20 2013 at 13:01
An other solution I've heard of would be to open both a BUY and SELL prior to the news (lets say 60second) and close the opposite direction of the news whenever it happens.

A smooth sea never made a skillful sailor.
MrPatient

Member Since Jan 02, 2012  20 posts Leigh (MrPatient) Dec 20 2013 at 13:21
@Thalantas

Keep in mind your paying twice the commissions then (if trading ECN) as well as double spread.

The spread will still widen as well on the one you close, even with a SL (unless its a small lot size/ your lucky).

Not saying it couldn't work, The Ideas got some merit to it.

Regards,

Price Action Trader - 2% weekly return

Mr Patient

Patience, above all else.
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