Pepperstone Forex

What is it? You guys have a screenshot of this stuff? kinda curious about how it looks.

It's a trading tool, makes my life easier. Read #474 to #484
http://www.forexfactory.com/showthre...39#post6232739

But, download this one for stealth option, it's for lot size trading only.
http://www.forexfactory.com/showthre...61#post6308761 #484

Original tool:
http://www.forexfactory.com/showthread.php?t=281772

Back to Pepper...

Thanks for the links! I will try it out.

Sorry. Just had to do it. Enjoy!

Can anyone clarify to me when i should not be trading/Banks holiday? Is it this Holiday 24, 25, 26, 31, 1jan and 2nd jan?

When it says closed you won’t be able to trade anyway. And the day before or after the hours are reduced. The other days will depend on your preferences, the spot market can get very quiet. I tend to stay away. Not saying you cannot trade it though. Wider spreads and all.

Hey, it's friends and family time.

Yup.

Liquidity dries up a bit and larger players are snoozing anyway so things tend to quiet down. There will still be movement, and I've totally made bank trading between Christmas and NYE, but not the best trading to be had and you gotta really be careful since the lower liquidity means some pairs are easier to push around and have wider spreads.

Now, i am just wondering when exactly the spread can be adjusted back down to where it was before, say xauusd at 20p.

I have downloaded their demo version.
I live in Japan and I find that their execution in even their demo sometimes lags...

I contacted their support and they recommended that I use one of the VPS service near NY server.

My question is , is using VPS going to make the execution more reliable and with less slippage???
I am a manual trader.

I've been with Pepperstone for 4 months now and haven't encountered any major problems. The only problem is the rejection of new orders in the first 10 minutes of a new trading day, but I think this is normal for most brokers? Their spreads are better than GoMarkets.

Yes, better everything than GoMarkets. If you are taking about 5 pm NY, they reset their servers at that time. A lot of brokers do this.

Hello everybody,

I read one of the old post in this thread stated Pepperstone has a Singapore based server. In my MT4, I can only see NY4 Edge Server and Backup Server (can never connect to this one, any ideas?). Since I live very close to Singapore, I wish to connect to it. Or is it still best to connect to NY4? Kindly advise.

Happy holidays all!!!!!

I believe all the transactions are being made at New York Bank right on the wall street to speed up the transactions. That's why your fund will be deducted by 12 USD extra just for fund transfer from Australian bank to new york.

Thanks

Their Singapore server was part of the old 'pre-edge' system. They don't have one there for Edge at the moment since they are patched into a net connection backed by fiber across both oceans.

Best to connect to NY4 for now.. if you're running EAs or anything automated, then perhaps a VPS would be best.

I found out recently that they run their demo servers out of their backup/fail-over site in California, not out of NY4, so it's not going to be the most snappy of connections compared to the live server.

But, on the bright side, it's good to know they have a fail over (disaster recovery, or DR) site in place. Apparently if anything goes down at NY4 they can cut all live accounts over to the DR site and continue on.

About the VPS, it will absolutely help for automated trading, but I'm not sure about manual trading. Since the 'click' you send has to go to the VPS first then to the trade server.

You can always try a VPS out and see what works best for you... I use CNS and I'm very happy with them, and another good one for Pepperstone is Beeks VPS.

please, hi and happy new year

i am going to try a sharp scalping trading style, which i search for fast execution , no dealing desk (no re-quote) , and tiny spread

i found some people talking about Pepperstone ; i read some reviews and went to their site but i have some question ?

1. About the different between STANDARD Account and RAZOR Account :

as i read that the "ECN RAZOR Account" it's spread range average 0.1 pips - 1 pips ( say average 0.6 ) and Commission Charges USD 3.76/ 1 Lot
so, it's total paid for 1 lot = 0.6 +3.76 = 4.36 $ per Lot

and the "STANDARD Account" it's spread range average 0.5 pips - 1.8 pips ( say average 1.2 ) and have no Commission
so, it's total paid for 1 lot = 1.2 +0.00 = 1.20 $ per Lot

and as the broker Pepperstone says that the both are EDGE and with same Account Features, Plus that STANDARD Account take liquidity from 22 banks and ECN's.
so, Now What is the different between them !! and which is better ?
and how "Pepperstone can consistently deliver me lower overall FX trading costs" as it say for ECN Razor Account ?

thank you

reference:
https://pepperstone.com/trading-acco...unts-types.php
https://pepperstone.com/trading-acco...unts-razor.php
https://pepperstone.com/trading-acco...s-standard.php
https://pepperstone.com/trading-accounts/spreads.php

Think you got your pip value a bit off..

On USD based quote pairs ( XXX/USD ) 1 pip == $10 USD in value on 1 standard lot (100,000 units of base currency.)

So let's consider the following example:

EUR/USD

(spread varies but averages ~0.4, often lower, sometimes higher, depends on time. I'll use 0.4 to be on the high side.)

Razor
0.4 pip spread + $3.76 Commissions per side.

Total cost of 1 lot traded: $4 (spread) + $7.53 = $11.53

Standard
1.4 pip spread (Standard spreads are 1 pip marked up from the Razor feed, all other conditions are the same.) No commissions.

Total cost of 1 lot traded = $14.00

Which is a difference of ~$2.47 per RLT greater total cost for Standard over Razor. So if you are trading 1 round lot, and have a profit target of 100 pips (swing or position trading,) the difference is ~0.25% of your total trade... making Standard accounts pretty acceptable for swing trading if you don't care to deal with commissions.

If you're scalping constantly throughout the day, with a very tight profit target, say 5 pips, then the difference starts impact your individual trades quite a bit more and a Razor account could start to make more sense for your style.

In the end it will come down to your trading style, frequency, and personal preference. Both account types are fine.

Also, consider this:

With a commission account, you can find yourself in a position where you're pip positive but net negative, so you'll have to take the cost of your trade into consideration when setting stop and take profit levels...

In some cases, it's better to just have a flat P/L for tax purposes at year's end vs having a fixed cost such as commissions to account for. . . of course this is tax related so it entirely depends on how you file, and where you live, best ask an accountant. I mention it since where I live, personal investment losses can carry forward into future years to offset gains for personal capital gains tax, but fees paid like commissions are hard costs and don't get this 'carried forward' treatment. At the same time, if you are treating your trading as business income (some tax authorities will deem you to be a business if most of your income is from trading and you trade frequently,) then the fees can still be worked into a tax break on the given year as it goes against revenue.. though, again, don't take this as advice, if you're at the point where you need to worry about taxes and trading full time then you should be talking to an accountant experienced with filing taxes for traders in your local country. Personally, I use a CA and he's worth every penny..