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

Quoting liopro
That's right But still LMAX provides it. Not just IBs. But the strange thing aboput it is that this PrimeXM bridge causes a lot of problems. I've seen gaps and other stuff however pepperstones's MT4 for example works fine. That's weird.
Yes but it has nothing to do with direct lmax access and it is nothing more than MT + another error component aka bridge and still people try to make themselves believe it can compare to direct lmax... All of your errors are bridge / MT problems not lmax feed problems.
Quoting unknown4x
Yes but it has nothing to do with direct lmax access and it is nothing more than MT + another error component aka bridge and still people try to make themselves believe it can compare to direct lmax... All of your errors are bridge / MT problems not lmax feed problems.
Well, I didn't say that But are you sure it's not lmax feed problem? The recent spike was seen on lmax direct as well. For some reason I can't access it. Anyway it's strange that lmax being relatively good and serious broker provides their clients with faulty bridge.
Quoting unknown4x
All of your errors are bridge / MT problems not lmax feed problems.
Not true. The recent spike problem (two pages ago) for instance was an LMAX feed problem.

Of course the direct LMAX access is better than MT4 especially for hardcore scalpers (MT4 is a toy, I've always said that). For regular swing traders though it shouldn't really matter.
Only trading mornings (UK) these days, so nothing to report.
Quoting liopro
Well, I didn't say that But are you sure it's not lmax feed problem? The recent spike was seen on lmax direct as well. For some reason I can't access it. Anyway it's strange that lmax being relatively good and serious broker provides their clients with faulty bridge.
The bridge is just to lure new inexperienced traders in. Nobody with some experience + cash would ever _execute_ through MT if he had the choice.

It provides them with a few small lot counterparties which is what most exchanges grave for to get a piece of the retail market.

I stand by it (as a former bigdata programmer/networking guy) MT is not capable of replicating something like lmax so only use it if you don't have the money. It is still better than all the bucketshops yes.
Quoting Marv
Not true. The recent spike problem (two pages ago) for instance was an LMAX feed problem.

Of course the direct LMAX access is better than MT4 especially for hardcore scalpers (MT4 is a toy, I've always said that). For regular swing traders though it shouldn't really matter.
True. That's why i said keep at least a 2nd proper feed since the lmax feed is ok but nothing to write home about.

I disagree on the 2nd. Over the course of many trades you are definitely giving back pips because of latency, MT problems etc. Why do that if you got a proper tool with direct lmax? (Except for cash problems of course) The problem is smaller like you said for swing traders though.
Quoting Marv
Of course the direct LMAX access is better than MT4 especially for hardcore scalpers (MT4 is a toy, I've always said that). For regular swing traders though it shouldn't really matter.
It's clear that "hardcore scalpers" won't be able to use MT4. No market depth, no DOM, no one click execution etc. But it shouldn't mean that there should be gaps and data problems. As you know even the real ones provide you with MT4. Vcap for example provides you with Integral MT bridge which connects to its FX Grid. And as long as I understand this bridge doesn't cause that many problems. So probably LMAX should have chosen another bridge from the very beginning.
Quoting Marv
I will email their CEO about this soon and I suggest those interested do the same.
Well I did so yesterday; I wondered why they do not provide CFDs and asked about API trading. They pointed out that one can open a LMAX account through them as IB, further this would enable to trade via the venues provided by LMAX (API, MC, web); however all the restrictions apply, except that they can beat down the commission, and also the application process would be less stressful.
Quoting m.m.m.
Well I did so yesterday; I wondered why they do not provide CFDs and asked about API trading. They pointed out that one can open a LMAX account through them as IB, further this would enable to trade via the venues provided by LMAX (API, MC, web); however all the restrictions apply, except they can beat down the commission.
Splendid.

By "restrictions" I'm assuming you mean the leverage etc.? If so I don't really care. I'm just interested in their commission.
Yes, leverage, and the $10k minimum; also as for free API access (250 contracts/month for classic accounts).
Cool, thanks.

Still it would be nicer (and less lazy) if they also provided their own API and DMA Platform, while keeping the MT4 bridge for those interested.
Quoting Marv
Actually I've never been a fan of MT4 for exactly those reasons you stated (which is against the trend here and in every retail forex trading forum, it's refreshing to see someone like you who knows what he's talking about).
I've never been a fan of MT4 either. The truth is these bustards managed to build a toy but this toy has a couple of very useful features for me. I coded a couple of scripts which enable me to execute the trade in one click having lot size and stop loss level and other stuff calculated automatically for me. Can't do that with API because I'm not that good in coding
At the moment Armada is listing standard lmax commissions on their website for direct lmax trading. So i dont entirely see the point of this. Might sign up if they can lower it to $20 and if money sits at lmax. Then again since i already have an account directly at lmax, i probably wont get any IB discounts anymore anyways.
Yes you can get direct lmax access through armada with api etc directly on the lmax servers. Armada acts just as an IB like M6 for Dukas. The requirements don't all apply! The commissions are negotiable and smaller than lmax and the minimum requirement is less too (probably negotiable too).
Quoting unknown4x
Yes you can get direct lmax access through armada with api etc directly on the lmax servers. Armada acts just as an IB like M6 for Dukas. The requirements don't all apply! The commissions are negotiable and smaller than lmax and the minimum requirement is less too (probably negotiable too).
Well in that case they should correct their website, because at the moment it says otherwise.
Quoting liopro
I coded a couple of scripts which enable me to execute the trade in one click having lot size and stop loss level and other stuff calculated automatically for me.
That's exactly what I do when I have to deal with MT4. Except I also use a little application I wrote with buttons/parameters for sending orders to MT4 (also shows bid/ask and slippage through DDE connectivity). What it really does is send hotkey strokes to MT4 which trigger the appropriate order scripts that I also wrote. It doesn't have all the necessary scripts though, just the two I use the most to trade, so it's incomplete. But I might finish it and post it if you MT4 guys want.
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Quoting unknown4x
Yes you can get direct lmax access through armada with api etc directly on the lmax servers. Armada acts just as an IB like M6 for Dukas. The requirements don't all apply! The commissions are negotiable and smaller than lmax and the minimum requirement is less too (probably negotiable too).
That would be even better.
Quoting Marv
That's exactly what I do when I have to deal with MT4. Except I also use a little application I wrote with buttons/parameters for sending orders to MT4 (also shows bid/ask and slippage through DDE connectivity). What it really does is send hotkey strokes to MT4 which trigger the appropriate order scripts that I also wrote. It doesn't have all the necessary scripts though, just the two I use the most to trade, so it's incomplete. But I might finish it and post it if you MT4 guys want.
Looks nice My script calculates lot size based on the high/low of the last bar so all I need to do when I see the buy set-up is two click Ctrl+B+Enter. I'd definitely prefer doing that via API as it's a bulletproof execution but unfortunately I can't code a whole platform in order to be able to send a single order
Indeed, without those helpers mt4 is unmanagable to me;
of course I have created my own interface and posted it of FF, but nobody seems to care; I so suppose because there is no sl or tp to set, since I do not use those
Quoting Marv
That's exactly what I do when I have to deal with MT4. Except I also use a little application I wrote with buttons/parameters for sending orders to MT4 (also shows bid/ask and slippage through DDE connectivity). What it really does is send hotkey strokes to MT4 which trigger the appropriate order scripts that I also wrote. It doesn't have all the necessary scripts though, just the two I use the most to trade, so it's incomplete. But I might finish it and post it if you MT4 guys want.

Having the position size calculated automatically is awesome. Great work!

Somewhat OT, but are there any platforms which have this implemented by default at all?
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