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Attachments: LMAX = revolution?!?
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LMAX = revolution?!?

Quoting jayjonbeach
Actually I will take positions and hold them for up to a month if the Daily chart allows for it, so swaps can really add up if not in check.

I've heard you just "sign a paper" sighting religion is the reason why you don't agree to pay interest (no proof?). Also heard these accounts usually just have higher commish so it's just a wash anyway.

I can understand interest being charged on money borrowed, what I wonder is if you are leveraged at a lower rate say 10:1 vs 100:1, then really you are borrowing less and should pay less interest...
Different brøkers use different types of fees to make sure they are not losing out on the swap, some brøkers simply charge you a volume based commission fee each day a trade is rolled over. No, as far as i am aware you don't need any proof that it is against your religion. Best thing is just to speak to the brøker directly about the terms and conditions that apply
Quoting ricko456
Does anyone know if LMAX's MT4 is reliable and are fills accurate or is there slippage due to the banks having to fill everyone at once?
I haven't jumped on them yet due to the 10k min but think the concept is pretty good.
L-Max via Armada is fine, slippage is very little (provided your order size is less than available liquidity) due to their hyper-active tick flow. Over the last 156 pending orders they've filled for me, 57% were filled at order price, and the mean slippage per fill was -0.046 pips on stop orders, and +0.109 pips on limit orders. Maximum slippage on a limit order was + 1.0 pip, max on a stop order was -0.4 pips. Over the past 217 market orders, mean slippage per fill was +0.013 pips, 49% were filled with 0 pips slippage, median market order execution speed has been 141 ms.
Hi Rooicol,

Quoting rooicol
L-Max via Armada is fine, slippage is very little
Your experience seems to be slightly different to Ray Robot II's. See:

http://www.myfxbook.com/members/Trad...ax-live/263355

for his live trading results. Ray trades using pending orders only, and as you can see his worst case slippage on a stop was 6.2 pips.

Cheers,

Jim
Quoting rooicol
L-Max via Armada is fine, slippage is very little (provided your order size is less than available liquidity) due to their hyper-active tick flow. Over the last 156 pending orders they've filled for me, 57% were filled at order price, and the mean slippage per fill was -0.046 pips on stop orders, and +0.109 pips on limit orders. Maximum slippage on a limit order was + 1.0 pip, max on a stop order was -0.4 pips. Over the past 217 market orders, mean slippage per fill was +0.013 pips, 49% were filled with 0 pips slippage, median market order execution...

How do you keep track of all those stats ? Live or demo account for Armada ?

Please, keep doing so and keep us updated
Quoting TradingGurus
Hi Rooicol,



Your experience seems to be slightly different to Ray Robot II's. See:

http://www.myfxbook.com/members/Trad...ax-live/263355

for his live trading results. Ray trades using pending orders only, and as you can see his worse case slippage on a stop was 6.2 pips.

Cheers,

Jim

Where can you find this ?
Quoting rooicol
L-Max via Armada is fine, slippage is very little (provided your order size is less than available liquidity) due to their hyper-active tick flow. Over the last 156 pending orders they've filled for me, 57% were filled at order price, and the mean slippage per fill was -0.046 pips on stop orders, and +0.109 pips on limit orders. Maximum slippage on a limit order was + 1.0 pip, max on a stop order was -0.4 pips. Over the past 217 market orders, mean slippage per fill was +0.013 pips, 49% were filled with 0 pips slippage, median market order execution...
thanks bro for your infor,if i may ask,do u scalp or swing trade? do u think armada is a genuine good & reliable broker for LMAX? any complaints abt the trades's execution so far? do u trade micro or regular standard lots?
Hi Cocoflanel,

Quoting Cocoflanel
Where can you find this ?
You mean how do you navigate around myfxbook?

If so, you need to click on the "History" tab near the bottom. Ray's a stupidly simple "robot". He aims for a 50 pip target, whilst hoping to avoid his 10 pip stops being hit.

P.S. On closer inspection I now see a -25.0 recently. That requires more investigation!
Quoting TradingGurus
Hi Rooicol,



Your experience seems to be slightly different to Ray Robot II's. See:

http://www.myfxbook.com/members/Trad...ax-live/263355

for his live trading results. Ray trades using pending orders only, and as you can see his worst case slippage on a stop was 6.2 pips.

Cheers,

Jim
I'm only trading EURUSD, he is trading GBPUSD, so there will be significant differences for that reason alone. Just briefly manually comparing his stop prices and his order closes prices, it does seem as though he is getting more slippage than me. However that is only over 32 trades, really you need a few hundred during different market conditions to get a good idea of what the mean is
Quoting Cocoflanel
How do you keep track of all those stats ? Live or demo account for Armada ?

Please, keep doing so and keep us updated
Live account. For the SL/TP order numbers you can compare the MT4 order comment, TP/SL price, and the order close price. For the market order execution speed and slippage numbers i use my own scripts
Quoting fxking
thanks bro for your infor,if i may ask,do u scalp or swing trade? do u think armada is a genuine good & reliable broker for LMAX? any complaints abt the trades's execution so far? do u trade micro or regular standard lots?
Scalping, no complaints so far.
Quoting rooicol
Scalping, no complaints so far.
I have no complaints either... Besides I like their customer support, I always get quick responses...

Rooicol, I was going to find scripts that are for Market orders etc... but I saw your post with the scripts that you have created. I will give them a try. As I am a scalper how well do they work in a scalping environment? Any problems using them with the MT4 bridge from Armada? Are the scripts posted at http://www.forexfactory.com/showthread.php?t=337624 the latest updates?

Thanks...
Traderdesk -
Quoting Traderdesk
I have no complaints either... Besides I like their customer support, I always get quick responses...

Rooicol, I was going to find scripts that are for Market orders etc... but I saw your post with the scripts that you have created. I will give them a try. As I am a scalper how well do they work in a scalping environment? Any problems using them with the MT4 bridge from Armada? Are the scripts posted at http://www.forexfactory.com/showthread.php?t=337624 the latest updates?

Thanks...
Hey, yes they work well for scalping, and those are the most up to date version. You may want to remove the second line of code "#property show_inputs" and set your own default inputs in MetaEditor. That way you won't have to enter the values each time, which can be a bit slow for scalping. No problems with Aramda, they've provided a good service so far
Quoting Cocoflanel
How do you keep track of all those stats ? Live or demo account for Armada ?

Please, keep doing so and keep us updated
Also take a look at my thread here
Quoting rooicol
Hey, yes they work well for scalping, and those are the most up to date version. You may want to remove the second line of code "#property show_inputs" and set your own default inputs in MetaEditor. That way you won't have to enter the values each time, which can be a bit slow for scalping. No problems with Aramda, they've provided a good service so far
have u try to do a withdrawal yet,if yes how is it?
Quoting fxking
have u try to do a withdrawal yet,if yes how is it?
No withdrawals so far, i've only had the account a month
Could someone kindly do me a favour please?

I'd like to review the L-Max EURUSD tick log for 26-04-2012. I've asked L-Max directly if they will give it to me, but they say they only give historical data to live clients. Would someone mind to ask for this tick log and upload it here to the thread? Just by sending an email or asking on live chat they should be able to email you a .csv file of the tick log.

Many thanks.
Hi rooicol,

Quoting rooicol
Could someone kindly do me a favour please?
Can you be more specific about the nature of your (assumed on my part) problem? I keep my own logs for my own purposes. I don't pass on data if I've read small print that prohibits it.

Don't you have some sort of a live account with LMAX?

Cheers,

Jim
Quoting TradingGurus
Hi rooicol,



Can you be more specific about the nature of your (assumed on my part) problem? I keep my own logs for my own purposes. I don't pass on data if I've read small print that prohibits it.

Don't you have some sort of a live account with LMAX?

Cheers,

Jim
I don't have a problem, and don't see why you assume it is on your part. I'm not asking for your logs. I'm asking for L-Max tick log. I have a live account with Armada.
Hi rooicol,

Quoting rooicol
I'm not asking for your logs.
I wasn't offering them.

Quote
I have a live account with Armada.

So do I.

Cheers,

Jim
Quoting TradingGurus
Hi rooicol,



I wasn't offering them.



So do I.

Cheers,

Jim
Hi Jim,

If i may ask, how do you keep a log of L-Max's ticks? If you achieve this via Armada MT4's price feed (which i also do), then it is not a complete log of L-Max's price feed. At L-Max's exchange, there can be up to hundred's of ticks in a single second at volatile times, MT4 can only handle a maximum rate of about 10 ticks per second, and so many ticks are not processed by MT4 at these times.
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