order execution comparison table... Votes Results
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order execution comparison table... Discussion
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willgart

Member Since Aug 20, 2011  588 posts willgart Jan 22 2012 at 01:53
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

Member Since Jul 31, 2009  1359 posts Ethan (Staff) Jan 22 2012 at 08:40
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

Member Since Aug 20, 2011  588 posts willgart Jan 22 2012 at 13:29
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

Member Since Jul 31, 2009  1359 posts Ethan (Staff) Jan 23 2012 at 15:25
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

Member Since Apr 28, 2012  214 posts Surrealistik Dec 09 2012 at 07:16
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

Member Since Apr 14, 2011  72 posts Jonny (jonnyrich007) Jan 04 2013 at 15:34
This is rather a pointless thing to track. Why would you want to track all existing brokers?

Never ever ever give up!!!
willgart

Member Since Aug 20, 2011  588 posts willgart Jan 04 2013 at 15:49
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

Member Since Apr 14, 2011  72 posts Jonny (jonnyrich007) Jan 17 2013 at 06:26
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

Member Since Apr 14, 2011  72 posts Jonny (jonnyrich007) Jan 17 2013 at 06:28
And what you listed are not indications that the brokers are bad or good.

Never ever ever give up!!!
jonnyrich007

Member Since Apr 14, 2011  72 posts Jonny (jonnyrich007) Jan 17 2013 at 06:30
I experienced slippages both in my favor & against but never have I experienced requotes!

Never ever ever give up!!!
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