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  • #15,061
  • Aug 26, 2017 9:32am Aug 26, 2017 9:32am
Quoting dukas_trader
{quote} Not taking into account broker, pair, time, trading point, just give the range, how this will be possible to answer then? execution time depends on your broker and the 3 points you dont want to taken in and how you set the order. stop and market orders are filled immedeatly (but you dont know price ofcourse), limit orders depends on volume in market when prices triggers , most of time get many partially fills. or do you speak about execution time until broker response? then this depends from your connection and the difference between your...

> stop and market orders are filled immedeatly
> but you dont know price ofcourse

How these 2 things come together? I see contradiction in this.
  • #15,062
  • Aug 26, 2017 10:45am Aug 26, 2017 10:45am
Quoting Botan626
{quote} > stop and market orders are filled immedeatly > but you dont know price ofcourse How these 2 things come together? I see contradiction in this.
a stop order is filled as market order, after stop price triggered. so both are market orders. a market order is a order, that is filled to what ever price is at the market for your volume at this moment with this broker, whatever price! thats a market order. if you dont want this, use limit orders, if you want a price what is this limit at least. but this will be risky for exiting orders.

if you trade higher volume you get ofcourse a much higher spread and often much higher slippage, in fast moving times very high slippage (bigger news...). just normal, will never change.
  • #15,063
  • Aug 27, 2017 2:18am Aug 27, 2017 2:18am
Quoting dukas_trader
{quote} this sounds ok, but you really did cry often in postings about higher slippage, that was extrem normal sippage for this news and even with your small amounts. try higher amounts like 10-50 million volume per trade in big news, and you will see other slippage. if such slippage can kill a performance, the system need be to corrected. but when you say it now in this way ( certain brokers have less slippage) , its ok. often its the not good brokers with lower slippage, but thats an other story.

Do you know that I have worked for a bank for 9 years? It's another dimension and we didn't have any slippage at all.
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  • #15,064
  • Aug 27, 2017 6:25am Aug 27, 2017 6:25am
Quoting Tony112
{quote} Do you know that I have worked for a bank for 9 years? It's another dimension and we didn't have any slippage at all.
Who was the counterparty?
  • #15,065
  • Edited 7:47am Aug 27, 2017 6:50am | Edited 7:47am
Quoting Tony112
{quote} Do you know that I have worked for a bank for 9 years? It's another dimension and we didn't have any slippage at all.
i worked in a bank, a broker and 3 firm connected to them, sorry for not taking you serios :-).
there is no other dimension you can have ;-). only very very bad experience whatever you try to fake here. for you, low slippage is normal in biggest news, this says me all that your work in bank was in very low level, where it was not important to know how prices are coming together.

dont try to cheat so much. bank have also slippage in big news! try it more serios.

and like you see in your example: working long in a bank help no noway with knowing logic basics, trading long time dont help you too. doing things long time will not help for doing it wrong long time. you need to do it at least correct in this long time or time is not worth to mention.

and by the way: bank trade in extrem high million values, there is a extrem high spread and slippage, thats why iceberg order types are often used to try to avoid it. so your point with no slippage because you was in a bank and there are other dimensions (and the dimensions are there extrem higher, not lower without any slippage) , WOW! better you cant speak to show you are a Poser and are often writing bullshit to misleading people or write to show you are "good" or what ever you want tell, but looks like a big fake and some realy believed you maybe. a bank can as maximum take the counter part of client orders and so reduce cost, but for the own trades of the bank, the same rules will come in like for any market member, only with lower commission. the lowest spread you can get even as privat person by trade with this banking systems, what you dont do! because you are not honest, have to less capital, or there slippage will be high like in most places in big news.

as you speak more and more, more and more fakes come out, crazy.
  • #15,066
  • Edited 11:06pm Aug 27, 2017 8:46pm | Edited 11:06pm
Quoting dukas_trader
{quote} i worked in a bank, a broker and 3 firm connected to them, sorry for not taking you serios :-). there is no other dimension you can have ;-). only very very bad experience whatever you try to fake here. for you, low slippage is normal in biggest news, this says me all that your work in bank was in very low level, where it was not important to know how prices are coming together. dont try to cheat so much. bank have also slippage in big news! try it more serios. and like you see in your example: working long in a bank help no noway with knowing...
Trading with top tier banks provides flash rapid execution even during news events. At the bank I worked at, we distribute bread crumbs to little pigeons.
We have the ability to place orders inside the spread because: WE ARE THE SPREAD.
The big sharks are in the abyss of the ocean... you can only wet your feet on the shore. There is so much you don't know because there is almost always someone above and better than you.


Do you understand the principals and mechanism behind market rate availability? Slippage is price unavailability and unavailability means that someone got it before you. Sad hey? Too bad but next time you see a price spike or plummet on your hourly candle chart... remember to scale it back on the tick chart and every little pixel and nano-pixel composing your candle is represented by some else being filled before you Have you ever been on boxing day?
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  • #15,067
  • Edited 10:24am Aug 29, 2017 5:16am | Edited 10:24am
Quoting Tony112
{quote} Trading with top tier banks provides flash rapid execution even during news events. At the bank I worked at, we distribute bread crumbs to little pigeons. We have the ability to place orders inside the spread because: WE ARE THE SPREAD. The big sharks are in the abyss of the ocean... you can only wet your feet on the shore. There is so much you don't know because there is almost always someone above and better than you. Do you understand the principals and mechanism behind market rate availability? Slippage is price unavailability and unavailability...
ok, i dont know where to start with you. i know that trading with top tier has flash execution, i use it every day since many years even in private accounts. but man, you cry about your slippage all the time, and same time you tell me with top tier you dont have any slippage, but you dont use it, come on, i dont know who you are, but honest is not your best description.

i used all what you say in bank and even as private, you dont have no slippage in news. looks like you did not work in bank really, you simple guess and try to fake it. slippage does not mean there is someone getting the orders before you ;-) (best wrong describition i ever heard). slippage means there are (because of uncertainty in market or fast moves and low volume,......) no better ask/bid prices or near no ask/bid prices (in extrem cases no volume) in the market. when news is out, ofcourse most want only get out of orders and other want buy in this direction. so big difference between buyers and sellers. so simple, you have a talent for making easy things complicated.
funny that so many are filled before you, no wonder, you fake big accounts and have small and so bad brokers, ofcourse you are then filled slow and as last. but telling me this same time and you tell also your last text, and you still trade with this crap brokers, sorry, looks stupid or fake.

even as private you can set order between spread, because there is no real spread, from some lp you get this prices from other this.... ofcourse in bank it is more easy, because most near servers and saved commission. looks really for you the big sharks are all around you and you are bitten, you tell me all this and you was unable to change it. really , you write more and more, and with more and more is wrong and looks faked.

i cant teach you reality, if you did not get it learned in your bank. you sound maybe smart with what you write to beginners, but its to easy to see that you dont know what you speak about and put in so many mistakes. very strange. simple use your old bank accounts with your no slippage at all! or you dont have some billions turnover each month? when not, why? why bank dont let you trade with good conditions, because you are to small or you did not use this bank because the no slippage was not this true like talked? slippage is just normal, anyone has this problem, with increasing volume even much much more . because you are so small in volume it looks like you dont know this reality and even dream about, that bank dont have this problems with own trades.

whats an boxing day? (holiday near christmas, the boxing event?...)
  • #15,068
  • Aug 31, 2017 8:57am Aug 31, 2017 8:57am
Quoting Mgm123
{quote} Hi tony i have tried oanda broker and while trading in one of the preferential news so pending orders was set 5 second before news release setting sl to 20 pip the problem is the Position keep losing immediately after it open can't understand why the slippages is law but the trade keep hiting sl while the price did not actual went long and come out as a strong short trade your logic is the same as my logic been it using it for a long

mperiod now and it's perfect the only thing u have to make sure to enter the trade without any surprises...
Waiting for your kindly replay tony
  • #15,069
  • Aug 31, 2017 9:57am Aug 31, 2017 9:57am
Quoting Mgm123
{quote} Hi tony i have tried oanda broker and while trading in one of the preferential news so pending orders was set 5 second before news release setting sl to 20 pip the problem is the Position keep losing immediately after it open can't understand why the slippages is law but the trade keep hiting sl while the price did not actual went long and come out as a strong short trade your logic is the same as my logic been it using it for a long period now and it's perfect the only thing u have to make sure to enter the trade without any surprises like...

Hi Mgm, sorry for the late reply. 50% of the time, you will hit your stop-loss (-20 pip) Let it be.

Jump on to the next trade. Ex: tomorrow set an order 15 seconds before NFP comes out. Stop-loss 20 pips. Let me know what happened
Invest in alarm clocks
  • #15,070
  • Aug 31, 2017 1:29pm Aug 31, 2017 1:29pm
Quoting Tony112
{quote} Hi Mgm, sorry for the late reply. 50% of the time, you will hit your stop-loss (-20 pip) Let it be. Jump on to the next trade. Ex: tomorrow set an order 15 seconds before NFP comes out. Stop-loss 20 pips. Let me know what happened

I will today I traded Canada gdp i took 100 pips it went to 150 how can you know that it will reach 150 pips and not stop at 50 70 then retrace back to the entry price
  • #15,071
  • Aug 31, 2017 8:20pm Aug 31, 2017 8:20pm
Quoting Mgm123
{quote} I will today I traded Canada gdp i took 100 pips it went to 150 how can you know that it will reach 150 pips and not stop at 50 70 then retrace back to the entry price

Congratulations! You can never, never (never) know how far it will go. Set your limit and respect it. If it doesn't get there, there are plenty of other occasions.
Invest in alarm clocks
  • #15,072
  • Sep 1, 2017 3:01am Sep 1, 2017 3:01am
Quoting Tony112
tomorrow set an order 15 seconds before NFP comes out. Stop-loss 20 pips.
Why 15 seconds instead 1 second before?
During these 15 seconds price could change enough to hit your SL and after that go in proper direction.
  • #15,073
  • Sep 1, 2017 6:51am Sep 1, 2017 6:51am
Quoting John.Doe
{quote} Why 15 seconds instead 1 second before? During these 15 seconds price could change enough to hit your SL and after that go in proper direction.

You're right... it's just very difficult for beginners to set up SL in a few seconds if they don't know automatic SL etc....

As long as you don't get taken out before news
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  • #15,074
  • Sep 1, 2017 7:39am Sep 1, 2017 7:39am
Can't win 'em all. What a bad number. Oanda didn't slip me more than two pips on my stop though so that's good.
  • #15,075
  • Edited 2:41pm Sep 1, 2017 9:59am | Edited 2:41pm
Quoting ForexIdiot69
Can't win 'em all. What a bad number. Oanda didn't slip me more than two pips on my stop though so that's good.
sorry to say, but you do it really stupid! its same like tony who has so many problems with understanding the market and writing so many mistakes, even impossible to correct all his mistakes.

when you dont get a slippage (or small) when using your stoploss then simple stop you in and not out, so you have the move often and not the stoploss.

people who call that they have low slippage and dont get this fact are really brainwashed by tony and cant think for their own. extrem hard to see that this still happens and tony has power to misleading people so easy with stupid strategies against usefull.

when you have a 50-50 chance to be in correct in news, whats better then by let you stops out against stop in in both sites? when you get so small slippage? unbelieveable someone cant see this for their own.

sorry to say this, but really its not possible to understand this fact. ok, tony is small no broker cares about him , when he grow he dont will get this small slippage any more.

how small are your trades sizes with this extrem little slippage in biggest news?
  • #15,076
  • Sep 1, 2017 10:03am Sep 1, 2017 10:03am
Quoting dukas_trader
{quote} sorry to say, but you do it really stupid! its same like tony who has so many problems with untderstanding the market. when you dont get a slippage (or small) then simple stop you in, and not out, so you have the move often and not the stoploss. people who call that they have low slippage and dont get this fact are really brainwashed by tony and cant think for their own. extrem hard to see that this still happens and tony has power to misleading people so easy with stupid strategies against usefull.

>>when you dont get a slippage (or small) then simple stop you in, and not out, so you have the move often and not the stoploss.


Do you even understand what you are saying? Complete gibberish.
  • #15,077
  • Edited 8:04pm Sep 1, 2017 2:35pm | Edited 8:04pm
Quoting Botan626
{quote} >>when you dont get a slippage (or small) then simple stop you in, and not out, so you have the move often and not the stoploss. Do you even understand what you are saying? Complete gibberish.
i helped you already with all your questions before, ask me what you dont understand and i help you again. its easy to understand when you already trade, if you dont unterstand it you dont know whats an stoploss or an stop order. but ask me more exactly what you dont understand, so its more easy to answer. because my sentence was correct and nothing wrong with it.

same example with your last sentence : "How these 2 things come together? I see contradiction in this.". there was also all correct but it was more possible to answer what you did see wrong.
  • #15,078
  • Sep 1, 2017 11:25pm Sep 1, 2017 11:25pm
Dukas I have a small account with Oanda, I am not a big player, I am not using their core pricing. Just a standard US branch account. I only got slipped 2 pips when my stop was hit on NFP today. And that was right when the news hit. Yes. That's two pips. There was slippage. And yet the R:R of Tony's strategy still works out. Most of my winnings have been built on big news. And I am net profitable at this point.

2 pips slippage vs other POS market maker "brokers" slipping people 20,30,40,50+ pips... If you can't process this, then I don't see how you've "made it" in finance.
  • #15,079
  • Edited 8:01am Sep 2, 2017 6:28am | Edited 8:01am
Quoting ForexIdiot69
Dukas I have a small account with Oanda, I am not a big player, I am not using their core pricing. Just a standard US branch account. I only got slipped 2 pips when my stop was hit on NFP today. And that was right when the news hit. Yes. That's two pips. There was slippage. And yet the R:R of Tony's strategy still works out. Most of my winnings have been built on big news. And I am net profitable at this point. 2 pips slippage vs other POS market maker "brokers" slipping people 20,30,40,50+ pips... If you can't process this, then I don't see how...
ok. to say it more clear. tony is only telling very stupid things, because he is only often faking experience. in all his sentences you can see many wrong things and posing.

but to your text: you write you get 2 pip slippage with oanda. ok thats fine because you are small, tony is very small too (only fakes big), so he get often small slippage too by the way.

but now to your wrong part!
i dont tell you your slippage is wrong, i tell you this strategy is wrong, when this small slippage is true!!!! thats a big difference! and tony speakes about big orders, i wrote that for his small orders some little brokers fill slippage maybe ok, because tony is unimportant for this broker because of his small orders and accounts.
if you trade the crazy "tony" strategy , then you put in one order some seconds before the news by luck in one direction and hope you get stoped out with small slippage or are still in and get a much higher win on the end then at minimum 2-3 times the stoploss plus slippage. and by your words it works often with so small slippage.
when all this is true, it would be extrem (!!) better, dont pt in 1 order before the news. simple put in on your stoploss prices from your order you would have placed a stoporder for going in the market. and do so on both sites. so you get the wins always when there was big move (not only when in correct way).

when the stoporder is same place like your stoploss order, you get exactly same fill like with your stoploss order, so 2 pips slippage. its exactly same order type , only stoploss you go out, stoporder you go in, both are market orders after triggering. you have many advantages with this and no disadvantage. why someone (who has so little slippage in news, whats crazy unnormal and he have to learn it that it is, to know reality) would do this stupid other way when there are much better ways same time, and same place and time stoploss or stoporder is filled with all same, only result will be extrem better?

was ist described ok,did you understand all?

by the way, you think oanda is a good broker? then trade your way up to some millions, use some prime brokerage, and we speak again ;-).

and how i have made it? simple learned from beginning, step for step, all the math, all the market structure and knowledge. and over years got the experience. i use simple real trading, avoiding news, i only trade the calculateable things and only possible things that give you a near rising line in your equity curve (so you need big win/drawdown ratio for all your strategies and strategies has not be correlated). i am doing this more then 20 years.
  • #15,080
  • Sep 2, 2017 1:04pm Sep 2, 2017 1:04pm
I can honestly tell you that straddling doesn't work any better. If anything you're better off hedging using two different pairs. And on this last NFP that probably would've been murder. Especially if you were in EURUSD as it had the worst whipsaw.
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