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Trading Myths and Some Forex Math

  • #301
  • Oct 2, 2018 9:22am Oct 2, 2018 9:22am
Quoting alphadude
{quote} I wonder why CP got tired of you. you are a man full of negative energy; you are draining the swamp.
wow, i helped you with your beginner mistake, and you write this bullshit! simple wow!

maybe you are really extrem unexperienced , possible.
maybe you dont like to see your mistakes and that you dont know really much.
maybe you just try starting ecn and api and have really there no experience and stahtswhy your textes sound so basic in this topic.

really boring to teach you and correct your mistake when you simple say allways " you know all" and wrote mistakes over mistakes! i dont have time to tell you always you are wrong, simple learn this beginner mistake or ask your brokers when you dont believe other people.

so easy mistake, and you play like a child here, for whatever reason. simple learn from this mistake, it can improve your trading.
i dont know if your trade for a living, or simple trade not really, i cant judge you by what you write here as tader or simple writer about trading, .... but at least dont mislead people when you see you are wrong, or when you cant see you are wrong then read about it. we speak about total easy beginner things here, not crazy complicated parts of trading. its limit orders and how they work! this you need to learn correct, or noone believes you are a trader.
  • #302
  • Oct 2, 2018 10:30am Oct 2, 2018 10:30am
Quoting alphadude
{quote} please define slippage for me so i can help answer your question.
"Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed."
  • #303
  • Oct 2, 2018 11:00am Oct 2, 2018 11:00am
Quoting DemoForever
{quote} "Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed."
what about the market price (bid/ask) ?

when the market moves in your favour; in most cases you will not get the better price; instead the order price.

read about FXCM court case and how they caused slippage on client limit orders by not giving them the true market price at the time of execution.

best is to test it yourself. place a limit order and record the bid/ask at the time of execution. try few orders to get statistical significance
  • #304
  • Edited 11:41am Oct 2, 2018 11:24am | Edited 11:41am
Quoting alphadude
{quote} pretty much. it is Tigers eat Dogs situation this is why "last look" festure exists for LPs. they can delay or reject some retail traders' orders based on profitability. if you are profitable trader notice that slippage gets larger after banking some profits over time. this means some LPs have identified you as a toxic flow trader and start rejecting you. but dont worry; regulators have started reviewing the Forex industry. sooner or later the bandits will be outlawed. FXCM was caught red handed doing exactly the above. Their CEO is banned...
This is also the reason why MT4 does not offer tick charts or tick history! This gives the brokers the opportunity to cheat their clients with slippage.
As a client you don't have a way to prove unless you record the ticks in MT4 with your own software.

Today all brokers deploy virtual dealers. These systems are fully automated and very sophisticated. The have all kinds of features. Real time analytics and all that...

The smartest part is the asymmetrical slippage randomizer. This function creates random slippage with preset probability and upper/lower boundary for each order.
The average retail trader cannot detect the scam because sometimes the slippage is positive, other times negative, every time it's different! Sometimes you don't get any slippage. Everything looks normal.

But if you record all deals and all ticks and make your own statistics you will discover that the percentage of negative slippage is always above 55% and the average positive slippage is always smaller than the average negative.
This is very smart way to steal money from the clients!
  • #305
  • Oct 2, 2018 11:33am Oct 2, 2018 11:33am
Quoting alphaomega
{quote} This is also the reason why MT4 does not offer tick charts or tick history! This gives the brokers the opportunity to cheat their clients with slippage. As a client you don't have a way to prove unless you record the ticks in MT4 with your own software. Today all brokers deploy virtual dealers. These systems are fully automated and very sophisticated. The have all kinds of features. Real time analytics and all that... The smartest part is the asymmetrical slippage randomizer. This function creates random slippage with preset probability...
the *actual negative slippage* on limit orders; which is often hidden from customers; becuase they get order price instead of the better market price; is mainly due to the nature of FX market; and in most cases it is NOT the broker's fault.

Forex market in general (most of ECNs and aggregators) does NOT allow "true limit order". They only allow market order.

In other word; as a customer (retail or insto); you are a liquidity taker (not maker). LPs quotes the bid/ask on the ECN; and you take it with market orders.

If you submit a limit order, or a stop order; the ECN software; actually holds the order in their algo; and wait until the market moves to your requested price. Once that condition occur; they send a limit IOC (immediate or cancel) at the requested price. Often the market has alrady moved lower than your price during peak hours. Somtimes you get lucky and get an execution; and sometimes you miss; because market moved up again. Causing you to miss the entry.

in normal markets (like stock market, or Forex with LMAX and the likes); your limit order is placed on the order book; and it will execute; and you will be acting as a liquidity provider; earning your the spread a the time of execution.

Normally traders use limit orders to trade passively and earn the transaction cost as part of the strategy edge.
However in FX; you are better off using market orders if you know how to program yourself. Simply wait till the market reached your desired level; and send a market order; or a limit order with the current market price. You will miss sometimes; but at least you won't get *hidden slippage*.

I personally never place limit or stop orders with the broker. I run them in my software as a stealth. The broker only sees market orders from me. in some strategies I place a stop loss far away from the actual SL that I use; as a safety measure; in case my app goes off the grid.
  • #306
  • Oct 2, 2018 11:44am Oct 2, 2018 11:44am
Quoting alphadude
{quote} what about the market price (bid/ask) ? when the market moves in your favour; in most cases you will not get the better price; instead the order price. read about FXCM court case and how they caused slippage on client limit orders by not giving them the true market price at the time of execution. best is to test it yourself. place a limit order and record the bid/ask at the time of execution. try few orders to get statistical significance
Are you saying FXCM are lying when they tell their customers that there's no negative slippage on limit orders!
  • #307
  • Oct 2, 2018 11:48am Oct 2, 2018 11:48am
Quoting DemoForever
{quote} Are you saying FXCM are lying when they tell their customers that there's no negative slippage on limit orders!
did you heavily drink bear in Yale and did you pass out?

read the papers

They got banned from operating in USA forever!
Their CEOs are banned from directing any company in USA forever
Their internatinal entities are banned from having any US client
...
the list goes on.

my guess they have done more than LIE!!! just like Brett Kavanaugh. They lied under oath, lied under license to opeate forex brokerage, and also se*ually abused customers and their orders.

https://www.zerohedge.com/news/2017-...tly-banned-nfa

https://en.wikipedia.org/wiki/FXCM
  • #308
  • Oct 2, 2018 7:10pm Oct 2, 2018 7:10pm
Quoting alphaomega
{quote} This is also the reason why MT4 does not offer tick charts or tick history! This gives the brokers the opportunity to cheat their clients with slippage. As a client you don't have a way to prove unless you record the ticks in MT4 with your own software. Today all brokers deploy virtual dealers. These systems are fully automated and very sophisticated. The have all kinds of features. Real time analytics and all that... The smartest part is the asymmetrical slippage randomizer. This function creates random slippage with preset probability...
oh man, you crazy little boy. that really hard to see this bullshit now, after i told you , look at exactly this mistake!

i told you exactly why you are wrong when you speak about metatrader and now you even mention metatrader, and you still dont check it,.

learn the basics, now i know you are a big liar about many you speak about and you fake a lot of your experience (noone has this low knowledge about limitorders normally as a trader of live accounts), you even dont know what you speak about when i tell your mistake in detail before you mention metatrader (you really sounded like this beginne rmistakes and it was clear it was this mistake, you did say it was not and now you proof 100% it was this mistake, thats like a big joke!! - so many time lost to teach your your bullshit beginner mistake and you did not even check anything!).

thats a joke that you still write about your mistake , you try to hide you dont know anything, and write total bascis about liquity providers... you dont see what all this is in reality,or?

you are even not smart enough to check, that you cant record it, when metatrader only show you bid /ask for smallest units and all clients, when your order is higher and more people then you trade same time (and how often i allready did say you this fact and taht you will bring this mistake???). maybe this price was used from other clients, maybe you order amount was different.... man you are so extrem low level in trading skill , i would need to begin with you at most bascis level to know you really check what i speak about.

that someone like you so often repeat and repeat this beginner mistake is crazy!

you write "
If you want to be successful in trading; you need to have an open mind; and understand that your knowledge may be limited; or may be wrong.

So before you argue blindly; research the matter first"

but: you are the one who is blind, how can you be sucessfull with total not open minded, with total wrong bacis learned, with no knowledge about good brokers (you fake only lmax has true limit orders...), you even dont know that any retail can be liquity provider..... i dont know where to begin to listen your mistakes... and this only in this posts... unbelieveable fail my friend.

you see yourself , your knowledge is extrem limited, at least learn learn learn!!!! and dont talk about facts you really have no plan about! you really misleading here people and cross facts with other facts with no connection (fxcm courtcase is your evidence ANY broker without lmax is doing exactly this way and prove this with collecting in metattrader because you hjave no plan and are unexperienced??? really??

you should really learn very fast about what is metarader and his parts and what are good brokers (looks like you have big problems here). this would imporve the discussion a lot, and not always neccessary to correct your mistakes.
some bascis what you write are correct , but you mix it with so wrong conclusions from this basics and so wrong facts, thats crazy misleading.
  • #309
  • Edited Oct 3, 2018 4:15am Oct 2, 2018 7:38pm | Edited Oct 3, 2018 4:15am
@Alphadude

I'm sure you know some notorious brokers who gives negative slippage on a limit order.

Please could you provide a real case test for us.
Place a real limit order during FOMC or NFP this Friday.

Any lot size.

Take a full screenshot including your account and broker name.

You have to provide proof for us that limit order does not work as it intended.

Thank you
This is not investment/trading advise. Will not hold accountable for loss
  • #310
  • Edited 1:46am Oct 3, 2018 1:35am | Edited 1:46am
Quoting yousername
@Alphadude I'm sure you know some notorious brokers who gives negative slippage on a limit order. Please you provide a real case test for us. Place a real limit order during FOMC or NFP this Friday. Any lot size. Take a full screenshot including your account and broker name. You have to provide proof for us that limit order does not work as it intended. Thank you
do you want silver or gold spoon? and do you want puddings too?

i have explained how limit order works in Forex. that is more than enough. perhaps you have not understood the point. read again and again

do the experiment yourself. show some hard work.

think about how this information can help you in your trading. then decide a plan of action.

happy trading
  • #311
  • Oct 3, 2018 3:23am Oct 3, 2018 3:23am
Quoting alphadude
{quote} do you want silver or gold spoon? and do you want puddings too? i have explained how limit order works in Forex. that is more than enough. perhaps you have not understood the point. read again and again do the experiment yourself. show some hard work. think about how this information can help you in your trading. then decide a plan of action. happy trading
We are talking about two different things here. We are talking about slippage(not getting filled at the price you asked). You are talking about getting filled at your price when price has already moved passed your entry or not getting filled at all. They are not the same!
  • #312
  • Oct 3, 2018 3:39am Oct 3, 2018 3:39am
Quoting alphadude
{quote} do you want silver or gold spoon? and do you want puddings too? i have explained how limit order works in Forex. that is more than enough. perhaps you have not understood the point. read again and again do the experiment yourself. show some hard work. think about how this information can help you in your trading. then decide a plan of action. happy trading
It tells me you can’t proof it.
I don’t need to proof there’s something wrong with the limit order in my broker that provides MT4 etc.
But you have got something to proof that limit order is the same as market order and has negative slippage

If you are correct, then you can file a complain to FCA and sue them and win... Because it is illegal, just like FXCM’s case....

Don’t you see an opportunity of making money for your self and maybe for your next generations as well? I’m talking about millions of $$$
This is not investment/trading advise. Will not hold accountable for loss
  • #313
  • Oct 3, 2018 6:20am Oct 3, 2018 6:20am
Quoting DemoForever
{quote} We are talking about two different things here. We are talking about slippage(not getting filled at the price you asked). You are talking about getting filled at your price when price has already moved passed your entry or not getting filled at all. They are not the same!
yes; it means you are not getting the better price that the broker promised you. which is *slippage*

"Limit or better" means, your requested limit price, or better if the market is in your favour.

FXCM did exactly that; and they were fined for that; for not giving the positive slippage to the client.

Many forex traders don't realize that the cost they are paying for trading is taking away their edge. The above is just one of those examples.
  • #314
  • Edited 6:34am Oct 3, 2018 6:21am | Edited 6:34am
Quoting yousername
{quote} It tells me you can’t proof it. I don’t need to proof there’s something wrong with the limit order in my broker that provides MT4 etc. But you have got something to proof that limit order is the same as market order and has negative slippage If you are correct, then you can file a complain to FCA and sue them and win... Because it is illegal, just like FXCM’s case.... Don’t you see an opportunity of making money for your self and maybe for your next generations as well? I’m talking about millions of $$$
All your questions above are already answered here:
https://www.forexfactory.com/showthr...9#post11540069

the whole market need to be regulated; and need to be turned to a normal exchange trading. that will guarantee fairness to traders.
  • #315
  • Oct 3, 2018 6:55am Oct 3, 2018 6:55am
"I wonder why CP got tired of you. you are a man full of negative energy; you are draining the swamp. "


alphadude,

he is,

he has SEVERE psychological issues.

Just check his profile.

ALL he is doing is posting HATE SPEECH.

he is a CHEAP TALKER..........................................while my followers start to make PIPS,

this guy tries to attack us, hoping that his PUPPET MASTERS continue to pay him......

FF
www.sme-fx.com
  • #316
  • Oct 3, 2018 6:57am Oct 3, 2018 6:57am
"oh man, you crazy little boy. that really hard to see this bullshit now, after i told you , look at exactly this mistake!"



he continues to

BREACH the FF CoD

EVERYDAY,

this by cursing on other members etc.

MANY reported him, I am confident that FF will do sth. about it sooner or later.

Patience.

FF
www.sme-fx.com
  • #317
  • Oct 3, 2018 7:02am Oct 3, 2018 7:02am
"but: you are the one who is blind, how can you be sucessfull with total not open minded, with total wrong bacis learned, with no knowledge about good brokers (you fake only lmax has true limit orders...), you even dont know that any retail can be liquity provider..... i dont know where to begin to listen your mistakes... and this only in this posts... unbelieveable fail my friend"


LEAVE MEMBERS ALONE,

you TROLL!!!

The only one who has NO CLUE is YOU,

you even believe that there would be a centralized order book for FX.


YOU NEVER EVER comment on ANY LIVE trades or markets,

BECAUSE YOU DO NOT EVEN TRADE,

as you ADMITTED.


So keep quiet.

YOUR SCAM / FRAUD / LIES were EXPOSED.

We are all on your tail. All you do is monitored.

FF will do sth. about that, mark my words.


You should really LEAVE FF...................................you do NOT CONTRIBUTE ANYTHING here whatsoever;

while I EXPOSE the FX MARKET STRUCTURE day-by-day and my followers MAKE PIPS (see my thread, loser!),

you do NOTHING other than posting GARBAGE in BAD ENGLISH.

You wannabe!


All you need is LOVE. You are the ONLY FAIL here, not other members.

You should be ashamed.

THE UNIVERSE SEES IT ALL.
FF
www.sme-fx.com
  • #318
  • Oct 3, 2018 7:05am Oct 3, 2018 7:05am
AntiCre,


the BIGGEST MYTH is SUPPLY and DEMAND.


In FX, it is ALL ABOUT SM ALGO MARKET MANIPULATION!

See here:

https://www.forexfactory.com/showthread.php?t=768090
www.sme-fx.com
  • #319
  • Oct 3, 2018 7:06am Oct 3, 2018 7:06am
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  • #320
  • Oct 3, 2018 7:06am Oct 3, 2018 7:06am
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