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order execution comparison table... vote results

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order execution comparison table... Discussion

willgart
Jan 22 2012 at 01:53
588 posts
Hi,

like the spread comparison.
an order execution comparison table will be incredible for us.

we can'T test all the brokers...
but a table updated every hour for example could be good.

I talk here about real order execution speed from the time MT4 do the ordersend command until it was accepted and confirmed by the broker.
So this include network latency.

so... if the latency is also displayed, we can have a excellent idea of the real order execution speed

for example:
open order takes 600ms with a latency of 80ms; so the broker execution speed is between 440ms and 520ms

if we have the latest values, and average values for a week or a month, we can find which one has a good stability.

Staff (Staff)
Jan 22 2012 at 08:40
1388 posts
willgart, this is actually impossible to track as you would need to constantly open and close real trades in order to measure these metrics. Moreover, those metrics will most likely increase (for the worse) as the position size increases, so you would have to open trades with different position sizes across all brokers in order to collect the complete data.

willgart
Jan 22 2012 at 13:29
588 posts
at least opening buy stop and other positions like this could be good.
I'm doing this by placing some orders and modifying them multiple times.

another way to accomplish this is to provide a section in the site where the myfxbook users can share this. (you can provide an EA doing the test and collect the results in your site, so the users who want to participate, just run the EA...)

maybe you have some ressources / stats to share talking about order execution speed?

Staff (Staff)
Jan 23 2012 at 15:25
1388 posts
Are you getting the same execution times with orders and trades? Those are most likely to differ, which would miss the point of measuring execution times.

Please correct me if I'm wrong.

Surrealistik
Dec 09 2012 at 07:16
227 posts
Even order execution times would be fine, and could be easily effected. Trade execution times could be reportable and compiled into a rough average if you could harvest sufficient data across multiple live accounts that voluntarily submit it.

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jonnyrich007 (jonnyrich007)
Jan 04 2013 at 15:34
72 posts
This is rather a pointless thing to track. Why would you want to track all existing brokers?

Never ever ever give up!!!
willgart
Jan 04 2013 at 15:49
588 posts
jonnyrich007 posted:
This is rather a pointless thing to track. Why would you want to track all existing brokers?

To be able to compare good and bad brokers.
when you scalp you need a fast broker and a low spread.
a slow execution can results in catastrophic results.
 you'll suffer requotes, closing a trade is a big problem, even moving the SL/TP is slow. and with an EA which can execute a lot of trades, this become just unmanageable.
I saw execution time of 10 seconds... imagine when the EA open 6 trades on different currencies and try to move the SL of over trades... this takes minutes to be completed!!!
not good at all.

when you trade at the day level its less important.

jonnyrich007 (jonnyrich007)
Jan 17 2013 at 06:26
72 posts
Again moot. Since the traders' location matter as well. Whether they are using VPS located 2 yards away from broker or 10,000 miles away. If you used a VPS cross connected to your broker's server in the same city or even the same room, none of that would matter.

Never ever ever give up!!!
jonnyrich007 (jonnyrich007)
Jan 17 2013 at 06:28
72 posts
And what you listed are not indications that the brokers are bad or good.

Never ever ever give up!!!
jonnyrich007 (jonnyrich007)
Jan 17 2013 at 06:30
72 posts
I experienced slippages both in my favor & against but never have I experienced requotes!

Never ever ever give up!!!
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