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  • #4,241
  • Oct 16, 2020 8:35am Oct 16, 2020 8:35am
Quoting RickM
{quote} Hi Tradista I was trading on M1 around the time of that spike on two other broker platforms. The move took about 0.02 of a second to run 89 pips so it would have been impossible for any platform to close any trades during that split second. I hit close on a Go Markets MT4 server near the bottom when the speed slowed down enough enabling my platform to close a trade that was in profit. Yes, I got luckily from a news spike. So don't blame the server controlling the Trial account, it was a massive surge from the major players closing their...
Understandable, however i thought Demo accounts weren't susceptible to such slippages in order execution, regardless of the LP?
  • #4,242
  • Oct 16, 2020 8:36am Oct 16, 2020 8:36am
Quoting RickM
{quote} Hi Tradista I was trading on M1 around the time of that spike on two other broker platforms. The move took about 0.02 of a second to run 89 pips so it would have been impossible for any platform to close any trades during that split second. I hit close on a Go Markets MT4 server near the bottom when the speed slowed down enough enabling my platform to close a trade that was in profit. Yes, I got luckily from a news spike. So don't blame the server controlling the Trial account, it was a massive surge from the major players closing their...
Thanks for confirming that.
Fair enough then (I still think its too much of a widening though).
  • #4,243
  • Oct 16, 2020 8:42am Oct 16, 2020 8:42am
Quoting RickM
{quote} major players closing their own orders first after Brexit comments were made.
When were the Brexit comments made? There was no mention of that on the news calendars for today.
  • #4,244
  • Oct 16, 2020 8:56am Oct 16, 2020 8:56am
Quoting tradista
{quote} When were the Brexit comments made? There was no mention of that on the news calendars for today.
Yeah, wasn't planned or scheduled... Just the usual random comments from Boris or govt. officials.
  • #4,245
  • Oct 16, 2020 9:17am Oct 16, 2020 9:17am
Quoting Koop
{quote} Understandable, however i thought Demo accounts weren't susceptible to such slippages in order execution, regardless of the LP?
Speed of the move was the issue, no platform can close a order that quick.

Out of interst looking at live platforms I have on my computer, lets see how they performed on that GU spike.

IC Markets MT4 Server 02 - showed 57 pip candle
Axi-Trader MT4 Server 3 - showed a 96 pip candle
Go Markets MT4 Server 01 - showed a 104 pip candle
Pepperstone Server 09 - showed a 97 Pip candle
City Index MT4 Server 01 - showed a 94 pip candle

Gee, IC Markets is looking the winner - perhaps

Another point is the MT4 candle the platforms present to us is one body without gaps, there may be little or no ticks inside the body.

Cheers
Trading thin liquidity at the boundary of the charts
  • #4,246
  • Oct 16, 2020 9:56am Oct 16, 2020 9:56am
Quoting RickM
{quote} Speed of the move was the issue, no platform can close a order that quick. Out of interst looking at live platforms I have on my computer, lets see how they performed on that GU spike. IC Markets MT4 Server 02 - showed 57 pip candle Axi-Trader MT4 Server 3 - showed a 96 pip candle Go Markets MT4 Server 01 - showed a 104 pip candle Pepperstone Server 09 - showed a 97 Pip candle City Index MT4 Server 01 - showed a 94 pip candle Gee, IC Markets is looking the winner - perhaps Another point is the MT4 candle the platforms present to us is one...
ICMarket reached the level of the other Brokers 3 minutes later.
I'm sorry, but I'm afraid not to see real world market data. But internal data.
I'm sorry, but I don't like it.

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I've seen things you people wouldn't believe
  • #4,247
  • Oct 16, 2020 11:00am Oct 16, 2020 11:00am
I believe math ( correct set of parameters) can beat any markets while trading , Looking foward to working with ftmo
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  • #4,248
  • Oct 16, 2020 11:29am Oct 16, 2020 11:29am
Actually, they do you a favor if the trial server has the same market conditions than live servers...if it actually does.
Don't give up on your dreams. Keep sleeping.
  • #4,249
  • Oct 16, 2020 11:39am Oct 16, 2020 11:39am
Quoting RickM
[p]erhaps Another point is the MT4 candle the platforms present to us is one body without gaps, there may be little or no ticks inside the body. Cheers
To your point, take a look at the two charts below.

You can see GAPS in the 1 minute Order Flow chart.

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The 1-minute candle chart just shows one complete body.

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #4,250
  • Oct 16, 2020 12:24pm Oct 16, 2020 12:24pm
Quoting Profitsensei
I believe math ( correct set of parameters) can beat any markets while trading , Looking foward to working with ftmo {image}
whit that drawdown now one will work with you
  • #4,251
  • Oct 16, 2020 1:57pm Oct 16, 2020 1:57pm
This is the 1 second chart of that move....

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It's never too late to make a bad trade!
  • #4,252
  • Edited 2:26pm Oct 16, 2020 1:59pm | Edited 2:26pm
Quoting HiddenGap
{quote} To your point, take a look at the two charts below. You can see GAPS in the 1 minute Order Flow chart. {image} The 1-minute candle chart just shows one complete body. {image}
Wow, what kind of tool is that?
  • #4,253
  • Oct 16, 2020 2:22pm Oct 16, 2020 2:22pm
Quoting Profitsensei
I believe math ( correct set of parameters) can beat any markets while trading , Looking foward to working with ftmo {image}
Your DD has no chance with FTMO. It isn't about how many trades you won but how much you are risking on each trade.
  • #4,254
  • Oct 17, 2020 7:32am Oct 17, 2020 7:32am
Quoting tradista
GU today, my stop-loss was triggered roughly 56 pips beyond its price! Even if due to spread widening on volatility spikes it's a really awful execution IMO. From my experience, most brokers would have slipped 10/15 pips at most on this move. {image}
It caught quite a few of us. I think the majority of my post on here show I'm quite risk conscious, so let me show you my week BEFORE that GBP move. And why I had a small issue with it.
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I had to restart my 100k challenge, didn't fail any objectives, just didn't hit 10% for various reasons. Above is just two trades, each 1% risk with a RR slightly over 2:1 making up the +4.6%. The third and fourth days are just 0.01 trades. Friday I see a set up, obviously on a GBP pair, 1% risk, Tp at 2:1 RR, but the news spike causes me to lose $2400. Losing 2.4x my actual calculated risk is annoying but the loss isn't the main thing that bothers me. 1 trade and I earn it right back. And I already see my trade set up for Monday.

What concerns me is if I had 2 trades open I would've failed my challenge on that slippage. My SL was somewhere around 40 pips from my entry and my trade was about +900$ floating. Then it jumped and my trade didn't close to nearly 1.5x the distance of my SL. What was on my mind though, thinking about this very fact, was what Koop mentioned, I quoted it below.

Quoting Koop
{quote} Understandable, however i thought Demo accounts weren't susceptible to such slippages in order execution, regardless of the LP?
They ban pending orders because the spikes allow for an execution of price that is unrealistic, you'd get the exact price that was set up, and as they themselves say, "isn't realistic because of liquidity and slippage that you would experience on a live account, but not experience on the demo", then why is my SL executing 60 pips above my 40 pip SL on a demo? I don't want to call it hypocrisy because they have made a lot of server changes recently. But its 'unrealistic' demo executions when its profit, but mums the word when its losses.

And for those saying "because it was unexpected", we easily get these type of moves on soft data releases, and it wasn't unexpected, I always have my livesquawk on and he was scheduled to speak about two hours after the meeting was over. But none of that should matter when they make rules tailored to a demo not experiencing slippage, but then say "well thats just slippage".

In summary, the loss, while annoying, especially for me cause I think thats a lot % wise to risk on one trade. I'm already over it, I'll just make it back Monday. But I would've found this whole situation a lot more concerning had it caused me to fail the MDL objective. I just don't think you can have it both ways.
The best strategy is a profitable one.
  • #4,255
  • Oct 17, 2020 9:04am Oct 17, 2020 9:04am
Quoting Tomas-ftmo
Hi Skyf, Please understand that you might not be only one with the same idea for a weekend trade. Suddenly instead of the position of 0.5 lot held through the weekend, we could be 100 lots (or 1000, 5000, etc.) in a trade which could gap 2 or more percent against us. For many traders, the gambling side of trading is quite attractive especially as it is not their capital at the line and we often see positions of dozens of lots even on FTMO Accounts. The risk just isn’t worth it for us.
Nice to have a good reply like yours.
.
To help most of us who need this, Ftmo can make a condition such as maximum lots to hold over weekend.
Without despair & distraught, focus on Patience to FRESH MOTiVES.
  • #4,256
  • Oct 17, 2020 9:09am Oct 17, 2020 9:09am
Quoting AnRan
{quote} It caught quite a few of us. I think the majority of my post on here show I'm quite risk conscious, so let me show you my week BEFORE that GBP move. And why I had a small issue with it. {image} I had to restart my 100k challenge, didn't fail any objectives, just didn't hit 10% for various reasons. Above is just two trades, each 1% risk with a RR slightly over 2:1 making up the +4.6%. The third and fourth days are just 0.01 trades. Friday I see a set up, obviously on a GBP pair, 1% risk, Tp at 2:1 RR, but the news spike causes me to lose...
You're totally right. It shouldn't be that way...

Quoting Tomas-ftmo
Hello Everyone, We hope you noticed a significant improvement in our infrastructure during the past weeks. We haven’t registered any major issues on any of our platforms and the delays of MetriXes are becoming rare as well. We also just rolled out 22/5 Live Chat (Chat is now available from 03:00 to 01:00 CEST) so people the trading peak times are covered now. Due to the system not allowing finishing chats that are in a queue while turning off the new incoming chats, it is possible that someone waiting in a queue prior to 01:00 will get cut off at...
... so it should be clarified.
  • #4,257
  • Oct 17, 2020 11:54am Oct 17, 2020 11:54am
Quoting AnRan
{quote} It caught quite a few of us. I think the majority of my post on here show I'm quite risk conscious, so let me show you my week BEFORE that GBP move. And why I had a small issue with it. {image} I had to restart my 100k challenge, didn't fail any objectives, just didn't hit 10% for various reasons. Above is just two trades, each 1% risk with a RR slightly over 2:1 making up the +4.6%. The third and fourth days are just 0.01 trades. Friday I see a set up, obviously on a GBP pair, 1% risk, Tp at 2:1 RR, but the news spike causes me to lose...
Totally agree, it's a serious cause for concern. Imagine having almost 50 pips lesser slippage on my live account than FTMO's demo around the time, doesn't make sense.
I can only imagine the volatility and consequential slippage effects of the random US elections poll rumours and news that are bound to pop up consistently through out November

FTMO!! Get rid of LMAX.. even though i don't know why it should even matter since it's "demo".
  • #4,258
  • Oct 17, 2020 12:09pm Oct 17, 2020 12:09pm
Quoting AnRan
{quote} It caught quite a few of us. I think the majority of my post on here show I'm quite risk conscious, so let me show you my week BEFORE that GBP move. And why I had a small issue with it. {image} I had to restart my 100k challenge, didn't fail any objectives, just didn't hit 10% for various reasons. Above is just two trades, each 1% risk with a RR slightly over 2:1 making up the +4.6%. The third and fourth days are just 0.01 trades. Friday I see a set up, obviously on a GBP pair, 1% risk, Tp at 2:1 RR, but the news spike causes me to lose...
I do not think this is peculiar to FTMO, I had the same experience with Hot Forex and I contacted them on it but their reply was that the sudden price fall on Cable could not give room for my SL and the trade has to be closed at available price.
  • #4,259
  • Oct 17, 2020 12:16pm Oct 17, 2020 12:16pm
Quoting AnRan
{quote} ...But its 'unrealistic' demo executions when its profit, but mums the word when its losses.... I would've found this whole situation a lot more concerning had it caused me to fail the MDL objective. I just don't think you can have it both ways.
I get what you're saying, agree totally, failing a challenge due to a large slippage from an event that's not even in the calendar would be quite frustrating. Not sure if that could be handled fairly by FTMO or I guess it's just part of doing this business. Makes you think of how to overcome that potential risk in your trading plan.
May I ask what live squawk service are you using ?
  • #4,260
  • Oct 17, 2020 12:20pm Oct 17, 2020 12:20pm
Quoting paxilein
This is the 1 second chart of that move.... {image}
thanks for the chart, so there was indeed a gap within those 6 seconds that probably jumped over a ton of stops also, but not mine
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