Profit is where readiness meets Opportunity
Broker Monitoring EA (Spreads, Latency, Slippage Etc) 1 reply
Need Broker: Less Slippage, Tight Spreads 11 replies
IG weekend spreads: have I made a mistake? Spreads 20+! 4 replies
Variable Spreads and Average Spreads 0 replies
slippage, spreads and/or commision effect on profits 10 replies
Quoting FXopportunistDislikedWhere can I find this data raging bull??
There is nothing in my Alert screen except for the fast market conditions warning.Ignored
Quoting FXopportunistDislikedThat box was not checked. I have checked it and will keep an eye on it.Ignored
QuoteDislikedAre you with MB?
What caused the disconnects??
Quoting FXopportunistDislikedYou are a handy guy to know ragingbull , have you been statisfied with the consistency of your fills?Ignored
Quoting ragingbull94mtxDislikedYou're right... I don't think that's too much to ask for. I'm still relatively new to this game so I'm not sure if I even know what it is I want from a broker just yet.
Give it time... either MB will meet/exceed your expectations with time, or another broker will come along and offer you what you want. Just out of curiousity, have you tried adjusting the MBTX price vs. speed order entry thingy in the preferences section. My guess is it's more than just a gimmick, but I don't have enough experience with it yet to say anything definitive. That might help with the speed/consistency of your fills.Ignored
Quoting FXopportunistDislikedI saw that little gimmick, I did not touch it. I thought it was kind of funny. you know, like someone would actually want it to be slower
I will ask tech what it actually does and if it should be touched.Ignored
Quoting mrmikalDislikedThere is nothing wrong with what you're seeing. 0 pips are probably closer to 0.5 pips...you're probably not displaying all of the decimals or MBT is just not giving them.
As far as an exploit...what do you want to exploit? you either pay 1 pip and commission or you pay 0 pips and commission. Either way, you have to get the trade to go in your direction before you make any money. Did I miss something?Ignored
Quoting FXopportunistDislikedI find myself wondering what role technology is playing in all of this. The increasing numbers of automated strategies, especially on the commercial level. New order and communication systems connecting the markets. And just general faster access to liquidity than in the past.Ignored
Quoting FXopportunistDislikedDan at MB says that it is a trade off. The faster setting that you choose, the more slippage you are likley to get. He also said that it has a much greater effect on equities when using ISLD or ARCA ECN's. Brian at MB said it only works on Limit orders for Forex. I would need somebody with a real world frame of refernce to tell me what to expect before I mess with it.Ignored
Quoting FXopportunistDislikedStraddled Canadian unemployment today.
was a good solid 40 pip spike
Used Stop Limit orders 15 above and below.
No Fill.
Last heavy spike I tried a Stop Market order and the slippage was 13 pips.
While it is way to early to draw a conclusion, that is what we know so far.Ignored
Quoting bapxyzDislikedI have been doing a little research on the slippage issue and think I can see something. I can't do this while I am trading but have to be on the side because the numbers change so quick. If you go to the Level II screen and watch the orders that are out there at any time you will see that lets say the best bid offer is 1.0001 and there are 60,000 lots offered well when those 60k are eaten up the next offer may be 1.00014. The slip is not that you offered at 1.0001 and did not get filled threw 1.0002, 1.0003. 1.0004 etc. It is that some one or a bunch of some-ones ate up everthing that was available 1.0001 and the next avaiable was 1.00014. You can also tag onto any offer that is out there and track it.
Now in the tradition of "This is no Buy sell....Recommendation" This is not a fact it is only something I have observed.Ignored
Quoting FXopportunistDislikedI have to take the chance to make a very positive post for MB Trading. They have the fastest and best back office I have ever dealt with. When I origionally funded my account. My account was credited by the time I returned home from the bank! I just made my first withdrawl today and it was processed 15 minutes after I sent the fax! Two big thumbs up guys!Ignored
Quoting FXopportunistDislikedHello Bapxyz,
Yes, that is a pretty good description of how trading works at ECNs and centrally cleared exchanges. With that being accepted as fact now we must go further with your thought and ask why some perform better than others. The answer is two fold: 1. How well you can get filled on your order is a function of how many potential takers are exposed to it. In short the size of the liquidity pool. How many members and what size are these members of your ECN? That is the main factor. 2. How good is your brokers software and how well are you represented in the said ECN? How fast does your order get to the potential takers? What priority do the other ECN members give to your borkers orders? That is part two.
How would you ever answer all of that? You probably can't. But, we can talk about our fills so we know who is performing and who is notIgnored