I rarely participate on threads here on FF, not worth the cheese in the end, but this is a great thread moodybot so will throw a cat amongst the pigeons.
Algo for sure, although a small % manual participants, mostly retail. Large bank and instit positions cannot simply be dropped into the market, they have to be drip fed in, the best most efficient economic method will be algo regulated.
Some time ago I read an article, maybe here, where a member mentioned an algo farm called 'mother' which very likely fits the program in fx. Way too often you can change a SL during low vol periods and see particular behaviour of price action as a result. Particular price action on entry can also be very obvious, I am not talking about fundamental changing size moves, just reaction to opening a position. It appears to be set up so that larger positions do not cause sharp reactions, maybe they are directed straight into appropriate avenues? Although some times during the Asian session some will not be appropriately redirected.
Honestly if you can't see algo behavior you either haven't been trading fx very long, or you are supporting the system. From London open to US close, the activity I am referring to is hardly noticeable for obvious reasons. The inverse of this is, if a London wants to move a pair they do it during Asian session, and on Mondays as we have seen lately.
This is where I throw the cat in: In the past approx 5-8 years I have noticed demo accounts behaving so much like live accounts, the astute would have also noticed this. I propose 'many' demo accounts now provide liquidity to overall fx markets but orders are not passed through. Some low end brokers may still run local servers for demos.
I look forward to the fireworks.
Algo for sure, although a small % manual participants, mostly retail. Large bank and instit positions cannot simply be dropped into the market, they have to be drip fed in, the best most efficient economic method will be algo regulated.
Some time ago I read an article, maybe here, where a member mentioned an algo farm called 'mother' which very likely fits the program in fx. Way too often you can change a SL during low vol periods and see particular behaviour of price action as a result. Particular price action on entry can also be very obvious, I am not talking about fundamental changing size moves, just reaction to opening a position. It appears to be set up so that larger positions do not cause sharp reactions, maybe they are directed straight into appropriate avenues? Although some times during the Asian session some will not be appropriately redirected.
Honestly if you can't see algo behavior you either haven't been trading fx very long, or you are supporting the system. From London open to US close, the activity I am referring to is hardly noticeable for obvious reasons. The inverse of this is, if a London wants to move a pair they do it during Asian session, and on Mondays as we have seen lately.
This is where I throw the cat in: In the past approx 5-8 years I have noticed demo accounts behaving so much like live accounts, the astute would have also noticed this. I propose 'many' demo accounts now provide liquidity to overall fx markets but orders are not passed through. Some low end brokers may still run local servers for demos.
I look forward to the fireworks.
My comments are not to be taken as trading advice, not a financial advisor
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