Posts by TheCyclist
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As for slippage, execution speed... We're not HFT traders and certainly can't be on retail platforms. So speed just isn't that much of an issue, if it takes 100 ms or 250 ms makes no difference. Slippage, we'll again, just par for the course on any retail broker, till you can afford to get an interbank feed it's going to be how it is. Strategies should be robust enough to accommodate slippage anyway and should have code written to look for wide spreads before trading... I don't think those two factors are to much of a problem for a well designed retail strategy, proper reporting and minim ......
@240Code For one they don't give you any indication of the values you're trading, which is critical. If you think about it, for 100 000 lot accounts, most people would put down $10 000 which is already a fair whack. And the minimum you can trade on that is for say EurUsd 0.01 x 100 000 x exchange rate. So even your smallest trade is already 10% + of your capital. That alone will make any portfolio fail. You have to be the best of the best to make that work. So you need $100 000 at least to get started, or better trade sizes. On platforms like Oanda the value of what you put down is repo......
Well actually 90% of them are bucket shops. They know the failure rates, so your order doesn't even go through to market. They take the other side or square their books, before they hedge the aggregated exposure on the open market. So basically if you open a $10 000 account they just take the $10 000 from you, regardless of spread. If you do win they'll pick an argument and not pay you anyway. Bucket shop 101. Especially MT brokers. One can argue MT was designed to make the trader fail. So that's how they make money, a product designed to fail.
Last 20 or so NFP's were wet fish. Flip, flop, flip, flop....dead. Last 3 Fridays I don't even bother to watch, beer and bbq. Just nothing going on. News in itself has no value, first you have to guess the news, then you have to guess the markets reaction to it. Might just as well flip a coin. What you can do though, which might work, is wait till about 15 mins after all the knee jerking is done, then straddle. If there is going to be any real move it be a little after the news. I have seen a $3 mil account where the owner simply traded NFP, once a month. But that was years ago, markets ......
Just as a footnote, as far as I understand it you can send html requests from MT, meaning you can use it with the REST API.
Man, I've looked at FIX a few times, but never gone that route. Unless you're trying to do HFT I don't see the point really. FIX is very limited in what it can do. If it's speed you're after then it has to be FIX, but unless you're into very high speed stuff there is really no point. I'm running the Java API on Oanda and they have the new REST API. Both are fast. Hard to imagine you'd need more than that. MT is slow. Just a fact of life, but as retail traders I can't really see a situation where MT isn't fast enough. And MQL just has so many functions written already, just so much easier t......
This f*cking IBFX In General Jun 25 at 14:30
So happens their CEO, for IBFX Australia anyway is on twitter, I tweeted him, got a response and as a result have him on my Skype. Doesn't happen often where you can directly communicate with a CEO. I suggest to work this problem you look for IBFX on twitter, and ask them directly what's going on. Nothing like social media pressure to bring an issue to bear. @adrian8891 You realise IBFX is owned by Monex? This is not your average mickey mouse bucket shop. They have billions and years and years of experience in markets.
This f*cking IBFX In General Jun 25 at 12:36
@togr Must be having fun today, that's the second freeze. Moment something hits the market they freeze.... I'm with IBFX myself, and Oanda, so for the record I feel your pain. But it's kind of how it goes. They've been having this problem for 3 weeks now.
The comming crash In General Jun 25 at 11:02
@adrian8891 We'll you're right about that, history is history, and it's about to repeat itself, again. We're about to experience the greatest depression in human history. It will probably lead to WW III. Like last time. There's going to be very, very few winners in the near future.
The comming crash In General Jun 25 at 09:56
@adrian8891 So my parents pension fund has which direction... ? Most people get burned in crashes. While we're at it, quick history lesson, see if you can spot something familiar: http://www.businessweek.com/magazine/content/11_18/b4226012481756.htm
Unemployment Total (17 min)
London Markets: FTSE 100 breaking two-da...(12 min ago)
EURUSD 1.34344 GBPUSD 1.6951
USDJPY 101.967 USDCAD 1.08072
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