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Do you prefer fixed spreads or dynamic spreads?
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stevewalker

Member Since Jun 06, 2012  1439 posts stevewalker (stevewalker) Aug 29 2012 at 14:54
you think so

have you ever record your slippagegrin

James_Bond posted:
stevewalker posted:
bigger the spread smaller the slippage



I think this is not a plus but a minus - most of the cost is built into the high spread - since the large part of slippage occurs (or should at least) during an economic event and since most of the time there aren't any events, the trader keeps paying a high spread for his trades.

Trade the Trend, Defend to Price!
12264

Member Since Jun 11, 2012  21 posts Geoffrey Reynolds (12264) Aug 30 2012 at 11:20
Dynamic Spread in my opinion is the way. It also gives you a good idea if there is movement in the market.

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TheLastBear

Member Since Jul 03, 2012  186 posts TheLastBear Aug 31 2012 at 12:53
So far I have stuck with dynamic spreads and I can't really complain.

Pax puts the X in Forex.
James_Bond

Member Since Jan 14, 2010  556 posts James_Bond Sep 06 2012 at 15:10
Besides the spread you see, you should also check the actual spread received. I saw somewhere a broker showing once price on the chart, but when you execute a trade, you get another.

stevewalker

Member Since Jun 06, 2012  1439 posts stevewalker (stevewalker) Sep 12 2012 at 17:34
once I had coded an EA & testing it. I added a spread rescue. if spread goes above lets say 6 pips it was closing trades.
then EA started to close trades cont.

I recoreded the spread and see that sometimes spread is >20 pips. but eye can not catch it

wierd

walker
James_Bond posted:
Besides the spread you see, you should also check the actual spread received. I saw somewhere a broker showing once price on the chart, but when you execute a trade, you get another.

Trade the Trend, Defend to Price!
Financialarts

Member Since May 30, 2012  134 posts Financialarts Sep 14 2012 at 13:47
I use fixed spreads,
just because it was easyer to program in my ea's,
also havent gotten signs of any severe slippage.
It also suits my trading style the best.

The choice is personal.
as long as i'm getting profits and get payed out I'm not complaining.
Opened an account through a rebate IB which gives me part of the spread.
So my opinion is fixed spread all the way :)

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
TheLastBear

Member Since Jul 03, 2012  186 posts TheLastBear Sep 14 2012 at 18:42
I agree, the choice is personal and comes down to strategy.

Pax puts the X in Forex.
James_Bond

Member Since Jan 14, 2010  556 posts James_Bond Oct 16 2012 at 10:02
Aren't fixed spread a clear sign of a bucket shop? Obviously, brokers cannot offer a fixed spread when connected to the interbank markets as the spread always changes due to supply and demand, just like prices.

Financialarts

Member Since May 30, 2012  134 posts Financialarts Oct 16 2012 at 10:24
James_Bond posted:
Aren't fixed spread a clear sign of a bucket shop? Obviously, brokers cannot offer a fixed spread when connected to the interbank markets as the spread always changes due to supply and demand, just like prices.


yeah, you could see it that way.
I think the big fixed spreads are so they get a big piece of the money pie, no matter the spread variations, to make sure they got their pockets filled no matter how good/bad the excecution..

I am the change in the market that causes you to lose :p / Watch out before I negative pip you! ^^
James_Bond

Member Since Jan 14, 2010  556 posts James_Bond Oct 16 2012 at 11:07
Financialarts posted:
James_Bond posted:
Aren't fixed spread a clear sign of a bucket shop? Obviously, brokers cannot offer a fixed spread when connected to the interbank markets as the spread always changes due to supply and demand, just like prices.


yeah, you could see it that way.
I think the big fixed spreads are so they get a big piece of the money pie, no matter the spread variations, to make sure they got their pockets filled no matter how good/bad the excecution..


That's what I thought. And when the spread is actually higher than what they show you, they just requote you until spread gets back to normal - I don't see how a fixed spread can be better than variable in any scenario.

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