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  • #3,481
  • Sep 3, 2021 2:07pm Sep 3, 2021 2:07pm
Quoting Takisd
{quote} Depends on the pair. If you are trading anything but usd/jpy usd/chf eur/usd and gbp/usd and you expect slippage to stay below 1 pip, you are fooling yourself. One way to mitigate it is to chop your order to pieces.
What about USDCAD during the overlap of London and NY?
  • #3,482
  • Sep 3, 2021 2:10pm Sep 3, 2021 2:10pm
Quoting Takisd
{quote} Depends on the pair. If you are trading anything but usd/jpy usd/chf eur/usd and gbp/usd and you expect slippage to stay below 1 pip, you are fooling yourself. One way to mitigate it is to chop your order to pieces.
Fair enough, I don't trade crosses but I do trade the major USD pairs including aud, cad & nzd.
  • #3,483
  • Sep 3, 2021 2:11pm Sep 3, 2021 2:11pm
Quoting EnoFX
{quote} What about USDCAD during the overlap of London and NY?
Fx majors and cross pairs do not have any slippages unless you are buying 1000 lots on one click.
  • #3,484
  • Sep 3, 2021 2:16pm Sep 3, 2021 2:16pm
usd/cad has like 1/50th of the eur/usd liquidity. The FX market is pretty much eur/usd and usd/jpy. To think you can trade giant size on anything thats not those 2 pairs is a mistake unless you are being warehoused (b-booked). And its ok for someone to b-book you as they can clear you differently without it being a negative, but if they aren't clearing their risk at some point the company itself is open to being destroyed.

I have a huge f'ing gripe with these Smart money guys who claim to use stops under 1 pip thinking its an achievable target in this market. Its not and it wouldn't be on a centralized market either because someone will want to eat you.

That being said, you are more likely to have a good fill on exit if you hit market and don't use a stop order especially if you are using metatrader. But violatility will wreck you.
  • #3,485
  • Sep 3, 2021 2:22pm Sep 3, 2021 2:22pm
Quoting sampat
{quote} Congratulations. Not sure NFP helped you much as market didn't even move that much NAS is in same range 50 points up and down. Even DOW didn't crossed daily ATR
Been trading these indices exclusively for the past year and a half. Regardless of which way they move, I’m all over it.

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Trade with confidence, trade without fear.
  • #3,486
  • Sep 3, 2021 2:23pm Sep 3, 2021 2:23pm
Quoting sampat
{quote} Fx majors and cross pairs do not have any slippages unless you are buying 1000 lots on one click.
So you're saying one could fill 100M in CAD/CHF with no slippage... have you ever traded with any size?
  • #3,487
  • Sep 3, 2021 2:40pm Sep 3, 2021 2:40pm
Quoting CableJ
{quote} So you're saying one could fill 100M in CAD/CHF with no slippage... have you ever traded with any size?

Super deep liquidity is about 10 million per click and you will probably see a 0.2-0.5 pip spread difference to the "ECN RETAIL" shops like ICmarkets because their top of the book is 1k not 10mio. To get a 10 mio click its painful and expensive but possible. 100M is possible if the person providing it knows that you're a shit trader upfront.
  • #3,488
  • Sep 3, 2021 3:18pm Sep 3, 2021 3:18pm
Quoting CableJ
{quote} So you're saying one could fill 100M in CAD/CHF with no slippage... have you ever traded with any size?
I am saying you dont have to worry about slippages. Its like penny wise pound foolish. If you have traded long enough you should know risk management. Worry about things you control.
  • #3,489
  • Sep 3, 2021 3:19pm Sep 3, 2021 3:19pm
Quoting Takisd
{quote} Super deep liquidity is about 10 million per click and you will probably see a 0.2-0.5 pip spread difference to the "ECN RETAIL" shops like ICmarkets because their top of the book is 1k not 10mio. To get a 10 mio click its painful and expensive but possible. 100M is possible if the person providing it knows that you're a shit trader upfront.
If i'm understanding you correctly, if the broker or LP is B booking >10M with minimal slippage is possible? I've been slipped on a 3M ticket in USD/JPY... so the other poster saying 100M was possible in crosses with no slippage is news to me.
  • #3,490
  • Sep 3, 2021 4:12pm Sep 3, 2021 4:12pm
Quoting CableJ
{quote} If i'm understanding you correctly, if the broker or LP is B booking >10M with minimal slippage is possible? I've been slipped on a 3M ticket in USD/JPY... so the other poster saying 100M was possible in crosses with no slippage is news to me.

You trade retail, probably at someone using a prime of prime aggregator with 1k clicks. If you find the right broker who knows liquidity, 3m ticket on jpy is a drop in an ocean. 100M is possible but only on a direct stream and only with wider spreads. Likely it won't be a public name LP who is pricing that, but they will pretty much guarantee the fill if they know your flow.

You won't get that from a broker that has a customer support team and football sponsorships. A few quiet brokers have it because they are pricing for small banks/institutions but they certainly won't be your favorites.
  • #3,491
  • Sep 3, 2021 4:32pm Sep 3, 2021 4:32pm
Quoting Takisd
{quote} You trade retail, probably at someone using a prime of prime aggregator with 1k clicks. If you find the right broker who knows liquidity, 3m ticket on jpy is a drop in an ocean. 100M is possible but only on a direct stream and only with wider spreads. Likely it won't be a public name LP who is pricing that, but they will pretty much guarantee the fill if they know your flow. You won't get that from a broker that has a customer support team and football sponsorships. A few quiet brokers have it because they are pricing for small banks/institutions...
It was a reputable but smaller retail offshore broker. Before US FX regulations hit defcon 3 in 09 in the US, I had access to a tier 2 prime aggregated order book (ebs, hotspot + a couple single banks) when the cost of entry was significantly lower... I wish I could have that setup again without the current >10M asset requirement.
  • #3,492
  • Sep 3, 2021 5:51pm Sep 3, 2021 5:51pm
Quoting QAndy
{quote} Which few quiet brokers ? Could you name a few please ?

I'd rather not as I dont want to promote any broker.
  • #3,493
  • Sep 4, 2021 4:16am Sep 4, 2021 4:16am
MFF is planning for some promotional offer for Labor Day.

Quote from discord channel - "We will be doing something special for Labor Day Monday, so if you were thinking to purchase an evaluation, perhaps hold off until Monday "
Trading is SIMPLE not EASY.
  • #3,494
  • Sep 4, 2021 4:59am Sep 4, 2021 4:59am
Quoting CableJ
{quote} It was a reputable but smaller retail offshore broker. Before US FX regulations hit defcon 3 in 09 in the US, I had access to a tier 2 prime aggregated order book (ebs, hotspot + a couple single banks) when the cost of entry was significantly lower... I wish I could have that setup again without the current >10M asset requirement.
Which broker are you talking about please ?
  • #3,495
  • Sep 4, 2021 8:41am Sep 4, 2021 8:41am
Quoting GK983
I am planning to start an account at Funding Talent, but I saw that many people here use MFF. I read many good things about Funding Talent, but what do you think is better and why? Why do you use the one you chose.
Hello, on FT you are trading on Demo accounts only, so you have no slippage at all, even you do a trade on 10, 30 or 100 lots. The first 10% gain you get 90% profit split. They had some payout issues regarding their new server when they introduced it in July until mid of August. But that problems should be gone or solved now. on MFF you have slippage they tell me. According to Cryptosurf it should be similar to any live account. So if you trade 10 lots you can get 1 pip slippage, and if you try to do 30 lots or even 100 lots at a time you could or should get huge slippage because MFF simulates a live account. On FT there is no such thing, there is zero slippage. That is why FT is still number 1, before MFF, then FTMO. But there are other opinions here. Will see if the payout issues at FT continue or if this issues are history now.
  • #3,496
  • Sep 4, 2021 9:21am Sep 4, 2021 9:21am
Quoting QAndy
{quote} Hello, on FT you are trading on Demo accounts only, so you have no slippage at all, even you do a trade on 10, 30 or 100 lots. The first 10% gain you get 90% profit split. They had some payout issues regarding their new server when they introduced it in July until mid of August. But that problems should be gone or solved now. on MFF you have slippage they tell me. According to Cryptosurf it should be similar to any live account. So if you trade 10 lots you can get 1 pip slippage, and if you try to do 30 lots or even 100 lots at a time you...
Lmao This Guy!
  • #3,497
  • Sep 4, 2021 9:29am Sep 4, 2021 9:29am
Quoting Koop
{quote} Lmao This Guy!
You should be more polite! I have a doctor degree in quantitative trading.
  • #3,498
  • Sep 4, 2021 9:54am Sep 4, 2021 9:54am
Quoting QAndy
{quote} You should be more polite! .
haha does this remind you guys of anyone?
  • #3,499
  • Sep 4, 2021 10:06am Sep 4, 2021 10:06am
Quoting QAndy
{quote} You should be more polite! I have a doctor degree in quantitative trading.
I respect your degree can you now pls open another thread and guide us on how can we use your knowledge in trading and how can your knowledge be helpful to masses for trading. have you created any automated system which makes consistent money.

thank you.
Allergic to bullshitters, never argue with fools
  • #3,500
  • Sep 4, 2021 10:06am Sep 4, 2021 10:06am
Quoting Koop
{quote} haha does this remind you guys of anyone?
Funny how he responded to a (obvious setup) question posted by someone who joined just hours ago today.
Trade with confidence, trade without fear.
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