Requotes | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Slippage no requotes ? 0 replies

Requotes ----- 3 replies

Brokers and Requotes. 6 replies

REQUOTES explained please 4 replies

Dealing with Requotes in an EA 8 replies

Requotes

  • #1
  • First Post: Nov 6, 2005 12:29am Nov 6, 2005 12:29am
I've opened an account with CMS a number of weeks ago. Since I'm fairly new to Forex, I'd like to get some feedback re. requotes from others here. While I'm happy with CMS overall, I find that requotes take place very often, even when then market isn't trending very hard. There are two audible pings, the first (I assume) when the trade is received on their server and this happens quite quickly (2-5 secs). The second ping which confirms that the actual trade has taken place however often takes 10 secs+. There have even been instances where it took well over half a minute. It's a bit annoying as it takes a chunk out of your trade each time. Is this the experience with other brokers as well?
  • #2
  • Nov 6, 2005 6:06am Nov 6, 2005 6:06am
I am using CMS also in a demo account, but there are no requotes w/the demo version. There is some info. on this subject in the CMS forums. On average, how many pips does a requote cost you? Are you using a CMS trading system? If so, which one?
  • #3
  • Nov 6, 2005 6:07am Nov 6, 2005 6:07am
I am using CMS also in a demo account, but there are no requotes w/the demo version. There is some info. on this subject in the CMS forums. My understanding is that if you increase your traders range, there will be less requotes. On average, how many pips does a requote cost you? Are you using a CMS trading system? If so, which one?
  • #4
  • Nov 6, 2005 7:02am Nov 6, 2005 7:02am
Thanks for suggesting the CMS forum. I'm using VTtrader and this is live trading, not demo. As far as what it's costing, it's way too much to be acceptable in my book. In a fast moving market, things can easily move 5pips+ before the system comes back with a requote so changing the trader's range from the default 0 to a low number wouldn't help much (and changing it to a higher number wouldn't be sound for intraday trading). I'm wondering if people's experience is the same with other brokers?
  • #5
  • Nov 6, 2005 7:12am Nov 6, 2005 7:12am
Quoting bluemeasure
Thanks for suggesting the CMS forum. I'm using VTtrader and this is live trading, not demo. As far as what it's costing, it's way too much to be acceptable in my book. In a fast moving market, things can easily move 5pips+ before the system comes back with a requote so changing the trader's range from the default 0 to a low number wouldn't help much (and changing it to a higher number wouldn't be sound for intraday trading). I'm wondering if people's experience is the same with other brokers?
Find a market maker with STP ( Straight Through Processing). I have accounts with 2 MM's, Oanda & IBFX.
With Oanda, no requotes and I rarely experience slippage. With IBFX I do get requotes.
  • #6
  • Nov 6, 2005 9:37pm Nov 6, 2005 9:37pm
Do any of these brokers with STP offer autotrading? If so, which ones,
and what type of autotrading system is it?
  • #7
  • Nov 7, 2005 3:04pm Nov 7, 2005 3:04pm
Quoting mmills4x
Do any of these brokers with STP offer autotrading? If so, which ones,
and what type of autotrading system is it?
Oanda have an API you can hook into..either java or C++.
IBFX I'd give a big miss.....unreliable....servers down again....
  • #8
  • Nov 7, 2005 3:40pm Nov 7, 2005 3:40pm
Quoting Beachie41
Oanda have an API you can hook into..either java or C++.
IBFX I'd give a big miss.....unreliable....servers down again....
I noticed today a couple of times IBFX was down for a few minutes. I've been with them 1 1/2 months now and I've had no problems. Their platform gives split second fills and very few requotes. Actually I've had a couple of re-quotes that were better prices and benefitied me. Hope it continues.


JohnFX
  • #9
  • Nov 7, 2005 7:59pm Nov 7, 2005 7:59pm
Quoting Beachie41
Find a market maker with STP ( Straight Through Processing). I have accounts with 2 MM's, Oanda & IBFX.
With Oanda, no requotes and I rarely experience slippage. With IBFX I do get requotes.
Oanda has been recommended by a number of people on FF with nothing but good things to say except maybe for the charting. Are you sure that they have no requotes though? I perused their site and didn't come across them specifically saying that. Do you have a link? thanks.
  • #10
  • Nov 7, 2005 8:24pm Nov 7, 2005 8:24pm
Quoting JohnFX
I noticed today a couple of times IBFX was down for a few minutes. I've been with them 1 1/2 months now and I've had no problems. Their platform gives split second fills and very few requotes. Actually I've had a couple of re-quotes that were better prices and benefitied me. Hope it continues.

JohnFX
Was down for 30min this morning. But credit where credit due, they reversed a trade for me that was affected by the downtime...and this was several hours after the fact.
  • #11
  • Last Post: Nov 7, 2005 8:28pm Nov 7, 2005 8:28pm
Quoting bluemeasure
Oanda has been recommended by a number of people on FF with nothing but good things to say except maybe for the charting. Are you sure that they have no requotes though? I perused their site and didn't come across them specifically saying that. Do you have a link? thanks.
There are no requotes. There is no desk, so no human intervention. And I've only ever suffered a few pips slippage, and that was in a fast market. Otherwise totally dependable. eg. There was a bad tick on their servers this morning and they've reversed all trades that were affected. No ifs or buts.
0 traders viewing now