Advertisement
watch this video. can be interesting
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 24, 2011 at 12:53
walker36 posted:
walker36 posted:
ok. I guess worst ones had setup their "Virtual Dealer Plugin" to "Worst". There ıs nothıng to do those brokers settıng up the server to delay orders and slıpp the prıce away 5-8 pıps.
so thıs test ıs ended for those.
I wıll keep testıng on average brokers.
if any trader wonders what ıs "VDP" just google it. or contact me I have the manual.😡
THE RESULT OF "VDP" FXCM HAD THE TICKET FROM NFA.
http://www.nfa.futures.org/news/newsRel.asp?ArticleID=3851
For Immediate Release
August 12, 2011
For more information contact:
Larry Dyekman (312) 781-1372, [email protected]
Karen Wuertz (312) 781-1335, [email protected]
NFA levies $2,000,000 monetary sanction against FXCM and orders refunds to customers
August 12, Chicago - National Futures Association (NFA) has issued a Decision imposing a $2,000,000 monetary sanction against Forex Capital Markets LLC (FXCM) in settlement of a Complaint issued by NFA's Business Conduct Committee on August 12, 2011. The Complaint cited FXCM for retaining gains derived from asymmetrical positive price slippage; failing to adopt or carry out adequate procedures to ensure the efficient execution of all customer orders; failing to treat all customers equally when giving price adjustments; failing to adequately investigate suspicious activity in several customers' accounts; and - together with its principal Dror Niv - failing to supervise. FXCM is a Futures Commission Merchant, Retail Foreign Exchange Dealer, and Forex Dealer Member located in New York, New York.
In addition to the $2,000,000 monetary sanction, FXCM must credit the accounts of its customers the amount of asymmetrical positive slippage which its customers experienced on their trades from and after June 18, 2008 and provide verification to NFA of these credits. In the future, FXCM is prohibited from engaging in price slippage or margin liquidation practices, as described in the Complaint. FXCM must also enhance existing procedures to ensure efficient execution of customer orders and compliance with NFA's anti-money laundering requirements.
The complete text of the Complaint and Decision can be found on NFA's website (www.nfa.futures.org).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 24, 2011 at 12:55
"FXCM is prohibited from engaging in price slippage or margin liquidation practices, as described in the Complaint. FXCM must also enhance existing procedures to ensure efficient execution of customer orders and compliance with NFA's anti-money laundering requirements"
GUYS WE HAVE A SAFE BROKER TO ARBITRAGE UNDER NFA CONTROL OF NO NEGATIVE SLIPPAGE😀
GUYS WE HAVE A SAFE BROKER TO ARBITRAGE UNDER NFA CONTROL OF NO NEGATIVE SLIPPAGE😀
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 24, 2011 at 13:08
Greetings
on my 2d system user can trade ın stealth mode.
what ıs that mean!
due to user has 2 hedge trades, ıt ıs not necessery to close order when prıce hıt the traget. user can delay order close and order open tımes as much as he can. and thıs wıll hıde hım from caught by the broker wıth 2-5 or 10 secs trade times.
walker
on my 2d system user can trade ın stealth mode.
what ıs that mean!
due to user has 2 hedge trades, ıt ıs not necessery to close order when prıce hıt the traget. user can delay order close and order open tımes as much as he can. and thıs wıll hıde hım from caught by the broker wıth 2-5 or 10 secs trade times.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 24, 2011 at 13:10
walker36 posted:
"FXCM is prohibited from engaging in price slippage or margin liquidation practices, as described in the Complaint. FXCM must also enhance existing procedures to ensure efficient execution of customer orders and compliance with NFA's anti-money laundering requirements"
GUYS WE HAVE A SAFE BROKER TO ARBITRAGE UNDER NFA CONTROL OF NO NEGATIVE SLIPPAGE😀
NFA twitter
fyi
https://twitter.com/#!/NFA_News
Member Since Jan 14, 2010
541 posts
Aug 25, 2011 at 06:44
Steve, I'm assuming you're going to sell the system? You're probably not the first trading with this technique, however aren't afraid of the dilution effect once others use the same system?
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 25, 2011 at 09:20
James_Bond posted:
Steve, I'm assuming you're going to sell the system? You're probably not the first trading with this technique, however aren't afraid of the dilution effect once others use the same system?
thank you
as you remember I have started thıis thread to find people who are interesting/workıng on the similiar projects. and I have found you and some others to discuss the system.When I was started I was never thought of usıng ıt on DD brokers but today I am testing it. So this thread is doıng what I need. Ideas from different poınt of vies and experiences.
If ıt makes money for myself then I can sell it. I am not a smart one. you can say avarage. and the system I am workıng on is not a invention and not a secret. there dıfferent versıons/styles as ususal.
so it is not important for me to sell or not. what I know is if it works, people who helped on buılding period will get it free as a present 😄
walker
Member Since Jan 14, 2010
541 posts
Aug 25, 2011 at 10:09
I see your point.
Do you have any timeline? When are you going to start trading it live for example? As that would be the ultimate test.
Do you have any timeline? When are you going to start trading it live for example? As that would be the ultimate test.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 25, 2011 at 10:18
James_Bond posted:
I see your point.
Do you have any timeline? When are you going to start trading it live for example? As that would be the ultimate test.
I am mid age(halfway 😄) James and things are not changıng after that age. I must be sure about the system. And I have bad/good habıt from chıldhood. when I fınd somethıng new focusıng on that. Last night ı had a great ıdea about the slıppage ıssues on system. safer way. did not sleep and coded that. need some more lınes ın code. but what ever happens the system wıll lunch very soon on lıve.
Member Since Aug 25, 2011
14 posts
Aug 25, 2011 at 10:27
walker36 posted:
James_Bond posted:
I see your point.
Do you have any timeline? When are you going to start trading it live for example? As that would be the ultimate test.
I am mid age(halfway 😄) James and things are not changıng after that age. I must be sure about the system. And I have bad/good habıt from chıldhood. when I fınd somethıng new focusıng on that. Last night ı had a great ıdea about the slıppage ıssues on system. safer way. did not sleep and coded that. need some more lınes ın code. but what ever happens the system wıll lunch very soon on lıve.
sounds like you know what you're. you definetly should take your time and not hurry, especially if your system is as complicated as it looks from your posts 😁
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 25, 2011 at 10:33
Chunky_Monkey posted:
walker36 posted:
James_Bond posted:
I see your point.
Do you have any timeline? When are you going to start trading it live for example? As that would be the ultimate test.
I am mid age(halfway 😄) James and things are not changıng after that age. I must be sure about the system. And I have bad/good habıt from chıldhood. when I fınd somethıng new focusıng on that. Last night ı had a great ıdea about the slıppage ıssues on system. safer way. did not sleep and coded that. need some more lınes ın code. but what ever happens the system wıll lunch very soon on lıve.
sounds like you know what you're. you definetly should take your time and not hurry, especially if your system is as complicated as it looks from your posts 😁
thank you.
idea is old as Roman Empire but yes system is quıte complıcated due market speed and tricks on brokers side.
Time is money but time will not get back your looses. 😉
so better to be slow and sure.
Member Since Aug 25, 2011
14 posts
Aug 25, 2011 at 15:10
in my opinion the effectiveness of arbitrage systems is decreasing with time as more and more traders have access to automated systems which wasn't avaialbe several years ago.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 25, 2011 at 15:35
Chunky_Monkey posted:
in my opinion the effectiveness of arbitrage systems is decreasing with time as more and more traders have access to automated systems which wasn't avaialbe several years ago.
thats why arbitrage opportunities are getting bigger 😉
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 25, 2011 at 19:35
traders BE CAREFUL ABOUT THE ISSUE I EXPLAIN BELOW
today when I connect the VPS ın US I have seen that all mt4 platforms are closed.
I have seen that before and checked the taskmanager ıf I have connected as ghost.
there were no problem. So I opened all platforms.
and BOOM!!..
all trades were currently opened are opened agaın.
at that time I understand that I connected as a ghost but can not notıce that from task manager.
I had a good loss on my lıve trades.
Be carefull ıf you see you had all platforms shutdown on vps.
you can be ghost connected and damage your trades..
walker
today when I connect the VPS ın US I have seen that all mt4 platforms are closed.
I have seen that before and checked the taskmanager ıf I have connected as ghost.
there were no problem. So I opened all platforms.
and BOOM!!..
all trades were currently opened are opened agaın.
at that time I understand that I connected as a ghost but can not notıce that from task manager.
I had a good loss on my lıve trades.
Be carefull ıf you see you had all platforms shutdown on vps.
you can be ghost connected and damage your trades..
walker
Member Since Apr 25, 2011
260 posts
Aug 26, 2011 at 00:35
I stared reading this thread today, and this looks like a very interesting project. I agree you need as much speed as you can get, so in case you did not measure your broker execution time yet, I recommend using this tool: http://forex-expats.com/recommended/
Up until a while ago the latency to the broker was my only criteria for speed. I thought that if I'm 2 ms from my broker I'm the boss ;) Then I learned about the order execution time, and how that can override the benefits of a low latency, if the broker has either slow servers, or is otherwise taking a lot of time to execute your trades.
Best of luck with your project!
Remus
Up until a while ago the latency to the broker was my only criteria for speed. I thought that if I'm 2 ms from my broker I'm the boss ;) Then I learned about the order execution time, and how that can override the benefits of a low latency, if the broker has either slow servers, or is otherwise taking a lot of time to execute your trades.
Best of luck with your project!
Remus
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
Member Since Apr 25, 2011
260 posts
Aug 26, 2011 at 00:38
I'm sorry, I just realized the page I posted has multiple things on it.
I was talking about the "Test the Trade Execution of your Broker" script, at the bottom of the page.
I was talking about the "Test the Trade Execution of your Broker" script, at the bottom of the page.
He who thinks he can, and he who thinks he cannot, are both right. ~ Henry Ford
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 26, 2011 at 01:29
NextLevelForex posted:
I stared reading this thread today, and this looks like a very interesting project. I agree you need as much speed as you can get, so in case you did not measure your broker execution time yet, I recommend using this tool: http://forex-expats.com/recommended/
Up until a while ago the latency to the broker was my only criteria for speed. I thought that if I'm 2 ms from my broker I'm the boss ;) Then I learned about the order execution time, and how that can override the benefits of a low latency, if the broker has either slow servers, or is otherwise taking a lot of time to execute your trades.
Best of luck with your project!
Remus
thank you for the info.
yes the broker server speed is more important then our executıon speed WHILE they are using VDP. if you have look at the thread I have mentioned about that. and this month one of the market maker broker has a ticket from NFA due to manuplating clients orders and get PROFIT with negative slippage for years.
I have tested your tester. currently I am measuring that latency in my system and I have more precised measurment then the EA at the link. its precision is 15 ms and currently I have 1ms precision. it was microsecond but not necessery to waste CPU wıth microseconds while having 500 ms of latency on broker side:)
but again thank you for interest and advise. surely you can not now what I do and what is the EA precision.
walker.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 26, 2011 at 14:48
greetings
instead of trying to beat brokers, I beat my ego and filter the abnormally fast trades on ARB system.
it is filtering well 😇
no more cries on news hours 😄
walker
instead of trying to beat brokers, I beat my ego and filter the abnormally fast trades on ARB system.
it is filtering well 😇
no more cries on news hours 😄
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 26, 2011 at 14:55
walker36 posted:
greetings
instead of trying to beat brokers, I beat my ego and filter the abnormally fast trades on ARB system.
it is filtering well 😇
no more cries on news hours 😄
walker
BTW those are NOT filtered time base. Magic is the Math 😇
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 26, 2011 at 20:35
ok guys
I really get bored of broker tricks due to connection failures witn no error on MT4 side and added the "AUTO PING" function into math2c.dll
I have too many tickets at brokers due to that issue but could not get any logic answer.
so I did build my solution.
what it does is system continously pinging the brokers and if the connection failed it stops order execution.
the point here is orders are not waiting for the ping return. it executes according to last ping result😇
so there is no slow down with order execution.
have nice weekend.
walker
I really get bored of broker tricks due to connection failures witn no error on MT4 side and added the "AUTO PING" function into math2c.dll
I have too many tickets at brokers due to that issue but could not get any logic answer.
so I did build my solution.
what it does is system continously pinging the brokers and if the connection failed it stops order execution.
the point here is orders are not waiting for the ping return. it executes according to last ping result😇
so there is no slow down with order execution.
have nice weekend.
walker
forex_trader_36599
Member Since May 13, 2011
1329 posts
Aug 28, 2011 at 15:06
Greetings
this weeks tip;
visit the link you will find useful "FREE" products
http://www.fx1.net/excellink.php
have a nice weekend
walker
this weeks tip;
visit the link you will find useful "FREE" products
http://www.fx1.net/excellink.php
have a nice weekend
walker
