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agent007

Member Since Nov 12, 2009  6 posts agent007 Jan 13 2010 at 21:57
ATC and MBT are ECN brokers so they say that both testing and live feeds are identical. So I'm expecting the commission and swaps on trades are reflected in testing as if it was on live. But those are not real trades so order price closures will vary with live and testing as you say. But not too much I hope? So the lower the spreads the better?

I'm 'hoping' when I got live my test results won't vary too much with testing.

For spread comparison I found this site useful, although it doesn't list all the brokers:
http://www.fxintel.com/live/

The mixed account uses: PipsMiner SE, ForexShocker and ForeNuke (Forgot to mention).

I find this site useful for selecting new robots to test: http://forexrobotstest.com/

My MD risk level is set to 0.3.

PipCollector

Member Since Jan 05, 2010  92 posts PipCollector Jan 14 2010 at 07:44

agent007 posted:

For spread comparison I found this site useful, although it doesn't list all the brokers:
http://www.fxintel.com/live/



I've checked the whole website, and it's not even mentioned once from where do they get the prices (real/demo). If the prices are taken from a demo, there's no point to the website and I would say it's useless in such case.

Patience is a virtue.
agent007

Member Since Nov 12, 2009  6 posts agent007 Jan 14 2010 at 11:28
It's mentioned in the 'about' link on the top right of the page.

They use broker APIs to connect to their feeds and get the bids/asks to calculate the spreads. That would probably explain why not all brokers are there if they don't provide this data access. If you take ATC and IamFX Brokers as an example, they say that their feeds for live and demo accounts are provided by the same data source. They also provide raw bank spreads and not altered by the brokers, so the quotes 'should' be identical.

It's only on order executions that demo and live vary because your close/buy orders in demo don't influence the market.

Unless your going to be making huge lot orders which can dramatically change market direction like the institutional market makers I suspect demo v live trading won't be too different? So moving from demo to live on a good broker shouldn't give you overly different results.

PipCollector

Member Since Jan 05, 2010  92 posts PipCollector Jan 14 2010 at 11:42

agent007 posted:
  They use broker APIs to connect to their feeds and get the bids/asks to calculate the spreads...

...It's only on order executions that demo and live vary because your close/buy orders in demo don't influence the market.

Unless your going to be making huge lot orders which can dramatically change market direction like the institutional market makers I suspect demo v live trading won't be too different? So moving from demo to live on a good broker shouldn't give you overly different results.


First of all, using the MetaTrader mql language isn't exactly an API to a broker. I can set it up in 30 minutes and just show you the spreads.

Secondly, I can't agree with your statement 'I suspect demo v live trading won't be too different?' at all. A broker can show whatever spreads he wants on the demo to attract clients, but once you open a real account you see the real deal.

As I've mentioned before, unless the spreads are taken from a live open account with each broker, the statistics are absolutely useless.

I think onix-trade get the statistics from real accounts, so you better go to their website.

Patience is a virtue.
agent007

Member Since Nov 12, 2009  6 posts agent007 Jan 14 2010 at 12:14
PipCollector posted:
    
First of all, using the MetaTrader mql language isn't exactly an API to a broker. I can set it up in 30 minutes and just show you the spreads.



Who said anything about mql as a broker API? It's an API to MetaTrader not brokers.
This is a broker API - http://fxtrade.oanda.com/forex_trading/fxtrade/api_trading

Nothing to do with MQL or MetaTrader at all.

<quote=PipCollector>

Secondly, I can't agree with your statement 'I suspect demo v live trading won't be too different?' at all. A broker can show whatever spreads he wants on the demo to attract clients, but once you open a real account you see the real deal.



Of course, and a lot do. ATC and Iamfx state that they provide unaltered raw spreads so their unique selling point is that very fact that they do not alter the spreads. So if anyone is intending to sign up to them they better be making sure to read the terms and conditions that states that.

People seem to be very happy with these brokers, particularly ATC both on live and demo.




Pietpatat

Member Since Oct 29, 2009  28 posts Pietpatat Jan 14 2010 at 17:12
I can confirm that ATC has the same spread as on that site.

agent007 posted:
Unless your going to be making huge lot orders which can dramatically change market direction like the institutional market makers I suspect demo v live trading won't be too different? So moving from demo to live on a good broker shouldn't give you overly different results.

I don't agree. The quality of execution tends to be optimistically perfect on Demo. Always consider fill delays and slippage from your experience on live.

pipdetector

Member Since Oct 28, 2009  78 posts pipdetector Jan 28 2010 at 08:33 (edited Jan 28 2010 at 08:34 )
Recently, it seems that FXDD also implemented anti-MD measures. Only ITFX executes MD trades like a clockwork...

I haven't got a single MD trade with Alpari UK for weeks now. The future of MD depends on NDD brokers only... Assuming that the new CFTC proposals of 10:1 margin will not get passed.

Pietpatat

Member Since Oct 29, 2009  28 posts Pietpatat Jan 28 2010 at 14:53
How did they implemented anti-MD measures? And does this also work with stealth mode on?

Pretty weird you haven't got a trade with Alpari UK, since people with the same broker got a trade last week.

pipdetector

Member Since Oct 28, 2009  78 posts pipdetector Jan 28 2010 at 15:49
On most of days I get 'Safe spread limit exceeded' on Alpari UK and MD does not show any activity during it's trading hours. As to FXDD, I have no idea how they can influence MD as they have fixed spread on EUR/USD. The only thing that I know is that MD trades with ITFX almost each day, but it stopped for a while with FXDD.

swapinfutures

Member Since Feb 23, 2010  1 posts swapinfutures Feb 23 2010 at 16:48
I've used Megadroid since it was launched about a year ago, the account is up around 130%, i'm considering either adding more funds to the account or purchasing the FRWC.

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