My comments are not to be taken as trading advice, not a financial advisor
- | Commercial Member | Joined Dec 2010 | 1,135 Posts
No longer trading forex. Looking for full time job.
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QuoteDislikedfoul play at every corner?
QuoteDislikedthey act sometimes like a market maker?
DislikedFXOjafar seems to be trying to please the traders so I will do some testing over there as well as Pepper.Ignored
Disliked{quote} Expected results even if you tested on FXOpen AU or Global Prime. Vendors selling these software tried to play on people's perception of the unscrupulous broker who are out to scam your money. Maybe that "spread spike on trade fills" is a technicality of market order execution and latency in reporting the actual fill. What is your opinion of funding currency? If USD is going to lose value over time, what do you think if I should fund my accounts in AUD or SGD?Ignored
DislikedI have total confidence in the software and have seen the results are accurate. What the data from the brokers can't show is the spread prior to and after the trade fill which Gaurdian measures. I have posted the same anomaly but better illustrated in graphical form, on some other postings here on FF using 4xSentinel, just that I used Gaurdian fin this instance. In all, they are only minor spread jumps, I just have to send a big thanks to the creators of this type of software as it assists in keep the brokers honest, and as I have said before brokers...Ignored
QuoteDislikedWhat I don't get is your comment about the insto's being baddies and moving the market to take out retail's stops. Why would they give 2c about a few micro lots?
QuoteDislikedand If your theory has some merit why wouldn't you do as they do and go for stops?
QuoteDislikedlastly, when do you trade? if you're getting spread spikes at two different brokers then I dount we're getting the whole story..
QuoteDislikedWhat did Pepperstone say? I assume you complained?
Disliked{quote} I can't move the market as they do, I am small fish. Stop runs occur all the time and if you think they are fiction you really need to get involved with how the fx market really works. Fundamentals drive it, but there is flexibility within the intended range. {quote}Ignored
Disliked{quote}I trade any time, as I should with brokers advertising 'tight spreads' etc. etc.{quote}Ignored
QuoteDislikedI was implying you should trade the stop runs with the instos as opposed to writing about them in a forum. I imagine that would take some skill beyond that of a commercial EA though...
QuoteDislikedI guess this is secret squirrel stuff so no one in the forum can see how, when and why you're trading to understand the 'foul play' with the trades with ICM and Pepperstone.
QuoteDislikedwith the above in mind, can you explain how the above information can assist in a better deal for a retail trader?
Disliked{quote}Mate you are bright enough to type on a forum, you are really delving into troll territory now, I'm not wasting any more time with this. I am sure it has helped others who are bright enough to use the info however they see fit.Ignored
Disliked{quote} No, I am not going to complain about that spike with pepperstone (such a small move), I am well aware such moves can happen, but to a lesser extent now days.Ignored
Disliked{quote} I believe that trading ECN and ECN like environments is quite different from market maker environments. For example, fxpro usually don't have spread bigger then 8 pips on GBPJPY at news, while maintaining general spread for this pair at 4.2. Pepperstone's spread is arround 1.6 generally (+ commission), but on news it can spike 25 pips and more. So first thing you need to do when trading ECN is to increase SL and trade longer time frames. Scalping on ECN will bring you many surprises.Ignored