Peter, when I opened the account a couple weeks ago, the spread really was close to 1 pip (EUR/USD), but now it is more like 2-3 pips (with similar effect on other pairs). Does anybody else notice that? Anyway, my equity curve looks quite different from the one here (see attachmnt).
Hi, FXCBS have put their commission into spread, that is why it looks a pip higher. Your account should reflect within reason the trades here. They both run same system. Please use our support at email@example.com for communication to our reps regarding this.
Hi Cinlung, We will upload live account over weekend for you to fxbook. Also, we will be introducing a new broker for 2011 for 10/30. Also, when this account reaches $2,000 we will move lot size to 20k lot to represent real account leverage,
Good news. Is there already a plan how much will be minimum investment with new broker? I have opened the one with FXCBS already but not funded it yet as I was having a doubts. I may wait a bit more until you upload the live account here. thanks
Started with $1000. Please note near beginning of account has a few trades in other pairs as we tested in live environment. They extra pairs trades added only $35 to the account so can be considered irrelevant overall.
This account is running same system in FXCBs as alpari, this is trades live account holder is getting.
Their will always be minor difference in performance broker to broker and demo to live. Due to different broker price feed, smooting, liquidity and action. You will see some trade will be filling at 9.3, 10.6 ,etc. Overall we are gaining average 9.93 pip in win trades.
No, The live account is from our broker we use, FXCBS, not alpari. Besides you need $20k for alpari ECN account.
Dealing desk not an option, you start to hit the desk like this you will have MT4 dealer plugin working against you rejecting orders, slippage, requotes, etc. I am not implying anything about alpari, but this is general dealing desk practice.
It's great to see that you've finally put a live account up for us to watch. However there are way too many details that are kept in the dark, and marked as private on the live account. There is very little information on the myfxbook page. We don't need to know the account holder's name, but it's very reasonable to see everything else from balance to daily gains. Afterall, if the account holder is trading 10 full lots and is getting some sort of break from the broker, anyone trading with a mini account may never see the kind of price execution this live account is experiencing.
Please open up the details so we can finally see how your strategy performs and we can make an educated decision as whether we will commit real money to your strategy. Until there is full disclosure, there will be few people who will commit real money to this strategy.
I hope to see you make the changes, and look forward to your strategy's success.
Hi, This is the actual performance taken from a live account on our system. Regarding the new broker, if their liquidity and datafeed is as high quality as FXCBS, then yes, it will be. From what we have seen, it is as good as FXCBS. You have to remember FXCBS is very present in Mid East, they have very big clients driving high volumes and hence have superb bank liquidity.
Hi Peter. One more question. I was thinking of opening an account with Alpari, and this is what i found on their site:
MetaTrader 4 Pro account additional features:
* High volume trading at ultra competitive prices * Multi-bank liquidity * No-requotes * High-speed, low latency trading * Place orders inside the spreads * Non-Dealing Desk execution * Spreads below 1 pip*
In your last post to someone else, you mentioned that alpari would not be an option because one would need a $20k account with them. It seems their mt4 account needs a minimum $250. Would this be a good broker to go with, using your system. Or is the mt4 platform they are usuing not an ecn, and in the long term be worse for your system?
We are waiting on confirmation from new broker they accept US clients. We believe they do but need to hear from them.
Long term you need ECN, there is no question about that. I could write you a list as long as you want why this needs to be case. Aside from slippage, requote, hanging orders, dealer confirmation, price smoothing (this is the worst problem, example get a demo ECN from fxcbs/gallantfx/nordmarkets and a demo from ibfx/varengoldfx, see the price fluctuations difference between the 2 groups) ,you also get example of desk not filling your TP when they should.
Take our last 2 GBPUSD trades this morning that closed for +10 X 2. They closed at 1.5861. The low at that point was 1.58585/1.58610, around 8.55 UK time. We got out at the exact low to the pip on low ASK. We got filled no problems on our large managed account. In our experience, a desk wouldnt fill this order, with a host of excuses. It is a fine line between success and failure in Forex, you need access to direct market, simple.
Hi, Yes, they accept US client. Next week we will publish our new website with the new broker link. It is Canadian Based ECN broker. It is possible also we will introduce Nordmarkets in January if demand exists for them. Cinlung, please consult with firstname.lastname@example.org
It is not an affiate link, we are IB. We are an IB in new broker also. We require this so we can process LPOA (Power of attorney) and performance sharing authorisation.
I think because AlonFx is taking fixed number of trades, and .10 lots, you would have gotten $652.62. The only way you would have received 65% of your $1500, is if alonfx would have taken more trades for just your account, or if they would have bought and sold larger lot sizes than .10. Remember, just because they had $1000 in the account, doesn't mean they were using all $1000 worth of playing power. And just because you increased your initial deposit to $1500, doesn't mean they would have used all $1500.