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Have you ever earned from a working EA/system for a long time?

  • #21
  • Edited 7:09pm Apr 18, 2019 6:53pm | Edited 7:09pm
Quoting havo
{quote} You still dont have too much experience trading live and it shows..
Lol. Trading live since 2003. Obviously your senses are deceiving you....or you don't have any.

Can you elaborate on your comment?

So, 2 ECN brokers both charging $6 return. One has 0 or near 0 spreads on EUR and low spread on others. The other one has 1-4 pip spreads on EUR and similarly high spreads on others.

So, you choose the high spread broker because it's execution is superior? I don't see how the extra padded spreads makes the execution any better. Short of opening accounts side by side and seeing which broker makes you more money if the exact same trades were applied, how do you know which one is a better executor of orders? Enlighten me with all your live trading experience please.
  • #22
  • Apr 18, 2019 7:17pm Apr 18, 2019 7:17pm
Quoting OutThere
{quote} Lol. Trading live since 2003. Obviously your senses are deceiving you....or you don't have any. Can you elaborate on your comment? So, 2 ECN brokers both charging $6 return. One has 0 or near 0 spreads on EUR and low spread on others. The other one has 1-4 pip spreads on EUR and similarly high spreads on others. So, you choose the high spread broker because his execution is superior? I don't see how the extra padded spreads makes the execution any better. Enlighten ,me with all your live trading experience please.

You are either full of ego and in denial mode (fairly easy to see, tipical in "yet to have success" traders) OR just trolling without a single clue about this subject at all.. and if you really have 16 years and you are living from this 100% with no other income (you should be after such a long time) making those statements about "paying more" with fixed comission vs a variable spread its funny to say the least

Read again carefully this post: https://www.forexfactory.com/showthr...9#post12230839

you will only get it if you have real experience and sucess trading live.. wich i really doubt it
  • #23
  • Apr 18, 2019 7:25pm Apr 18, 2019 7:25pm
Quoting havo
{quote} You are either full of ego and in denial mode (fairly easy to see, tipical in "yet to have success" traders) OR just trolling without a single clue about this subject at all.. and if you really have 16 years and you are living from this 100% with no other income (you should be after such a long time) making those statements about "paying more" with fixed comission vs a variable spread its funny to say the least Read again carefully this post: https://www.forexfactory.com/showthr...9#post12230839 you will only get...
Still waiting for the answer. What broker? ECN/commission with 0 or ECN/commission with 4 pip padded spread?
PS: Fixed commission? Where did u come up with that one?
"full of ego and in denial mode"? Just because I don't want to pay brokers extra money?
  • #24
  • Apr 18, 2019 7:34pm Apr 18, 2019 7:34pm
Quoting OutThere
{quote} Still waiting for the answer. What broker? ECN with 0 or ECN with 4 pip spread? PS: Fixed commission? Where did u come up with that one?
What im using right now? a fixed comission broker with no spread.. and BTW a 4 pip spread its just plain stupid big !! you have any idea how much over you need to it to cover those 4 extra pips that, in lets say the same conditions, i won already in the same trade?? or my TP ACTUALLY GOT HIT? and that 4 pips a trade can turn around and eat that trade you placed and head straight to your SL or simple profit you just gave away because those extra pips?? and mid/long term those "ohh man.. it almost touched my TP but then it reversed" trades will screw your capital??

you know.. like bid/ask and what gets hit when.. i mean im sorry you have 16 years trading, no need to talk about it =)
  • #25
  • Apr 18, 2019 7:42pm Apr 18, 2019 7:42pm
Quoting havo
{quote} What im using right now? a fixed comission broker with no spread.. and BTW a 4 pip spread its just plain stupid big !! you have any idea how much over you need to it to cover those 4 extra pips that, in lets say the same conditions, i won already in the same trade?? or my TP ACTUALLY GOT HIT? and that 4 pips a trade can turn around and eat that trade you placed and head straight to your SL or simple profit you just gave away because those extra pips?? and mid/long term those "ohh man.. it almost touched my TP but then it reversed" trades...
You're so dumb. You just agreed with my point that the broker charging both commission and spread is no good. IDK why you are arguing if you are agreeing with my point. Whatever.
  • #26
  • Apr 18, 2019 7:58pm Apr 18, 2019 7:58pm
Here is part of the response from the broker I dumped last week for having both $6 commission and high spreads up to 4 pips on EUR and 4X spread on all others during the Asian session with no news or events happening:

"We appreciate that our spreads may be a little wider, but I can assure you that we excel in every other area and you are trading on our premium account."

Both you and your buddy Drolph who apparently make so much money that you aren't concerned about costs can go and open accounts there. The guy is desperate. He'd love to fleece show offs like you and your buddy.
  • #27
  • Apr 18, 2019 8:28pm Apr 18, 2019 8:28pm
Quoting OutThere
{quote} You're so dumb. You just agreed with my point that the broker charging both commission and spread is no good. IDK why you are arguing if you are agreeing with my point. Whatever.
Im done with you..

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  • #28
  • Apr 18, 2019 8:32pm Apr 18, 2019 8:32pm
Here are 2 side by side comparison of 2 ECN brokers. Broker on the left (beige color) charges $6 return and broker on the right (yellow and green) is a very popular broker which recently apparently raised their commission from $6 to $7.

Broker on the left is claiming that they excel in every other area and their oh so high quality whatever...I assume execution makes it worth paying both high spreads and commission. Some idiots here think you shouldn't worry about cost of trading and it's more important to get quality execution and if you don't agree, you don't know what you are talking about.

I will happily provide the fellow know it all and not cheap traders who want to throw money at the broker on the left with the name of the broker so they can go and pay those handsomely high spreads and feel good about how much they know about trading. Just PM me.
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  • #29
  • Apr 18, 2019 8:39pm Apr 18, 2019 8:39pm
Quoting havo
{quote} Im done with you.. {image}
You agreed that high spread broker charging commission is no good: Quote " BTW a 4 pip spread its just plain stupid big !! you have any idea how much over you need to it to cover those 4 extra pips that, in lets say the same conditions, i won already in the same trade??"

That means by default you agreed with my earlier point. I didn't ask what is the 3rd option of a broker you like. It's irrelevant to the question.

Good riddance. Goodbye.
  • #30
  • Apr 19, 2019 1:50pm Apr 19, 2019 1:50pm
Quoting Drolph
{quote} Always choose commission over spread-markup! Therefor ECN is a must. The broker in this particular example here is Tickmill, but it is not my favorite choice anymore. Things are changing over the years..

If I may ask: why is that ? I was thinking about signing up with tickmill. BUT if you (and I mean YOU) give me some reasons not to I would be grateful. Thanks in advance.
  • #31
  • Apr 19, 2019 1:56pm Apr 19, 2019 1:56pm
I'm sure you're already aware of the IB rebate programs out there either as monthly cash back or direct commission reduction? A 30% discount is becoming a common thing.
  • #32
  • Apr 19, 2019 2:20pm Apr 19, 2019 2:20pm
Quoting NPSystems
I'm sure you're already aware of the IB rebate programs out there either as monthly cash back or direct commission reduction? A 30% discount is becoming a common thing.
I thought about that lol

it is a great opportunity however I'm not sure if spreads are the same for introduced clients.
  • #33
  • Apr 19, 2019 3:21pm Apr 19, 2019 3:21pm
Quoting HeyYou
{quote} If I may ask: why is that ? I was thinking about signing up with tickmill. BUT if you (and I mean YOU) give me some reasons not to I would be grateful. Thanks in advance.
It depends on your expectation and demands. It is not a bad choice to avoid a misconception here. But there are things beyond the visible and based on "specs" comparable parameters when working with a broker.

It is not only slippage on the execution side (a factor btw our friend OutThere totally missed out, but I do not want to teach him anything anymore), but overall customer service, reliability or even the handling of "individual inconveniences". All these factors mostly crystallise when trading long enough with the broker of your choice.

Having the whole package in mind, I have a different number one broker meanwhile although I am still trading with Tickmill as well. There are "better" ones based on my humble opinion - and here I do not mean in terms of costs! More like having a true partner than a service provider.

But do not worry, there are a much worse alternatives out there. Go for it.
  • #34
  • Apr 19, 2019 3:28pm Apr 19, 2019 3:28pm
Ya rolphy, good idea. Keep your thoughts to yourself.
  • #35
  • Apr 20, 2019 2:44am Apr 20, 2019 2:44am
Tried but didn't success for long run. Maybe you can set up a voting for this question.
  • #36
  • Last Post: Edited 10:42am Apr 20, 2019 6:38am | Edited 10:42am
Quoting Drolph
{quote} After you are finished with your conspiracy theory let me answer your initial question. Instead of focussing on your costs, you should concentrate on your strategy. Simple example. Your trade is getting close to your TP. While the raw spread ECN account touches your target it is missed on your spread markup account. From that point on, the trade will move against you until you are not solvent anymore. Let this happen happen only one time and it will cost you more than any cost difference between both models can compensate. So it is all about...
Hey Rolpy boy.
I see you are following my posts on other threads and making snide remarks because your feelings are hurt because I din't worship your oh so valuable advice. Just because you found yourself a grid EA and plugged it in 3 years ago, it don't make you a guru.

Now let's summarize what you were so proudly trying to convey with your reply in the quote above. Quality of execution is important. Yes genius,

Although spreads are a major factor in choosing a broker, they do not represent execution quality, slippage, or any other fees of a broker.

You can find that in the footnote here: https://www.myfxbook.com/en/forex-broker-spreads


And stop stalking me. Next move is to put you on ignore list and if you continue, it's gonna lead to complaints to admin.
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