Posts by TheCyclist
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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
What I suggest, And I did follow my own advice, is go put yourself on a decent JAVA course. Spend the time, learn how it works. Anybody can do it. It's not that difficult. Coding is mainly a bunch of small programs talking to each other with a lot of "if this happens then do that" statements. And brackets. You have to know the brackets. I'm still crap at JAVA, but after that the MQL was easy. Stop looking for a free ride, roll up your sleeves and go learn the skills you need to do this, if you want to do this.
The comming crash In General Jun 20 at 22:03
I think a crash is the least of our worries.
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