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  • #261
  • Mar 28, 2008 11:40am Mar 28, 2008 11:40am
The house beats some of the traders all of the time and all of the traders some of the time but it can't beat all of the traders all of the time.
  • #262
  • Mar 28, 2008 8:42pm Mar 28, 2008 8:42pm
Quoting Moe
so i guess no traders is making money with retail forex broker, lets see fxcm got 100k clients ibfx got 20k and gain got 50k and there all losers because the broker stop them from making money.
Fact: There is a sucker born every minute, thats why there are so many clients at these firms and the majority of them are just grist for the mill.
How many people still go to the casino even though the majority lose?
- Casino - 99.9% people lose
- Forex - 95% traders lose
So, looking at these numbers, there is a better chance to win in forex
  • #263
  • Mar 28, 2008 11:32pm Mar 28, 2008 11:32pm
Quoting PipStar
Fact: There is a sucker born every minute, thats why there are so many clients at these firms and the majority of them are just grist for the mill.
How many people still go to the casino even though the majority lose?
- Casino - 99.9% people lose
- Forex - 95% traders lose
So, looking at these numbers, there is a better chance to win in forex
i agree, 95% of traders loose, is that a broker problem or trader problem, they come in this business thinking it's easy money.
If I Go Broke Trying Then I Will die happy.
  • #264
  • Mar 29, 2008 9:04pm Mar 29, 2008 9:04pm
Quoting Moe
i agree, 95% of traders loose, is that a broker problem or trader problem, they come in this business thinking it's easy money.
Have you noticed that brokers will do anything in their power to defeat a winning strategy? Even EA's have been known to perform worse at one broker and better with the other. How can that be? So they even try to fool EA's.
Traders have their faults. But you seem to lose sight every time that brokers are aiding, abetting and hoping for traders downfall. Because that's how brokers become profitable. I suppose you will change your mind about them one day when they eventually unfairly take money from you.
  • #265
  • Mar 29, 2008 9:27pm Mar 29, 2008 9:27pm
Refer http://www.ft.com/cms/s/0/cf318dc6-f...077b07658.html - Can this have any impact on spot forex markets?

- Sukhen
  • #266
  • Mar 30, 2008 3:20am Mar 30, 2008 3:20am
Hi all,
Formerly I didn't even care about how the way broker treat our account.
But after I tried several times, now I know that all you guys here talking truth.
Broker did something hidden from us so the results are not satisfactorily.
I had traded the whole last week with the same EA the same setting for 4 accounts, 2 are demo account with standard and mini, and another 2 with real account of the same standard and mini.
But the results are totally different.
The demo one got a lot of profit, and even touching double than my initial balance. Vice versa. My real accounts are both blown up. Especially yesterday, Friday.
So now, I believe that broker did something aftering our stop loss.
I didn't know how do they done but it's true.
Jodie
Jodie Forex at its Best
  • #267
  • Mar 30, 2008 6:17am Mar 30, 2008 6:17am
Oh, s*it. This sound like a legalized criminal. I'm glad that I choose a ECN type of broker... Never had any problems with them.
  • #268
  • Mar 30, 2008 11:39am Mar 30, 2008 11:39am
Quoting PipStar
Have you noticed that brokers will do anything in their power to defeat a winning strategy? Even EA's have been known to perform worse at one broker and better with the other. How can that be? So they even try to fool EA's.
Traders have their faults. But you seem to lose sight every time that brokers are aiding, abetting and hoping for traders downfall. Because that's how brokers become profitable. I suppose you will change your mind about them one day when they eventually unfairly take money from you.
mabe, i been with interbankfx since 2004 on standard account and odl 1 year, and nothing but profit, i live in bahamas and in the u.s.a. off the money i made trading forex, so whatever brokers are doing it has not effected me.
If I Go Broke Trying Then I Will die happy.
  • #269
  • Mar 30, 2008 11:42am Mar 30, 2008 11:42am
Quoting Moe
mabe, i been with interbankfx since 2004 on standard account and odl 1 year, and nothing but profit, i live in bahamas and in the u.s.a. off the money i made trading forex, so whatever brokers are doing it has not effected me.
i also trade with Dukascopy
If I Go Broke Trying Then I Will die happy.
  • #270
  • Mar 30, 2008 5:49pm Mar 30, 2008 5:49pm
Take a look at this folks if you haven't already Market Makers ("might deter some myths about brokers - especially the market makers") good read for all...
  • #271
  • Apr 6, 2008 2:46am Apr 6, 2008 2:46am
Sounds to me like one of the best strategies to fight stop-hunting is to have an AE close positions for you, rather than enter stops manually.

What are the largest slippage pip amounts that you guys have seen?

How about blown account- has anyone actually ended up in a situation where they owed the broker money?

Forexwindo
  • #272
  • Apr 6, 2008 4:09am Apr 6, 2008 4:09am
LCI (London Capital Index) If any heard about these asswipes

Quoting MaXeY
ADD
poltekfx.com
When life gives you lemons, make lemonade
  • #273
  • Apr 6, 2008 4:13am Apr 6, 2008 4:13am
Quoting ForexWindo
Sounds to me like one of the best strategies to fight stop-hunting is to have an AE close positions for you, rather than enter stops manually.

What are the largest slippage pip amounts that you guys have seen?

How about blown account- has anyone actually ended up in a situation where they owed the broker money?

Forexwindo
MAN, the main problem is the speed of execution and slippage. If you want your EA to close the positions, the execution speed and slippage should be good in order to allow it to close it otherwise it will not close!!!

I experienced a problem with the DEMO account of ODL and FXCH, the EA was able to open positions quickly (since its demo it is quick) but it was not able to close it until 20 minutes later after repeated triggering of the close command!!! If that is demo, can you imagine what live account would be like hahahaahahha

Anyway.... most of us have profitable EA's but really we don't have a chance to profit using them on live accounts because of SPEED OF EXECUTION AND SLIPPAGE...
When life gives you lemons, make lemonade
  • #274
  • Apr 6, 2008 6:06pm Apr 6, 2008 6:06pm
There is an idea that no one has mentioned yet regarding dishonest brokers and poor execution speed and slippage:

USE A LONG TERM STRATEGY THAT DOESN'T RELY ON INSTANT ORDER EXECUTION AND TINY SPREADS TO MAKE A PROFIT.

and regardless of the timeframe your startegy runs on, if the profit margin is so small that a 6-8 pip spread ruins the profit, it's a very weak strategy and you need to spend your time and energy making a better stategy rather than complaining about your broker.

I am soo tired of all the complaining.

thank you.
  • #275
  • Apr 6, 2008 6:11pm Apr 6, 2008 6:11pm
So in short, you are complaining about the complainers?

  • #276
  • Apr 6, 2008 9:41pm Apr 6, 2008 9:41pm
Quoting aicccia
There is an idea that no one has mentioned yet regarding dishonest brokers and poor execution speed and slippage:
USE A LONG TERM STRATEGY THAT DOESN'T RELY ON INSTANT ORDER EXECUTION AND TINY SPREADS TO MAKE A PROFIT.
and regardless of the timeframe your startegy runs on, if the profit margin is so small that a 6-8 pip spread ruins the profit, it's a very weak strategy and you need to spend your time and energy making a better stategy rather than complaining about your broker.
I am soo tired of all the complaining.
thank you.
Well, you always have the option not to read threads like these and you should exercise this option if you are tired of all this.
As for strategies, everyone's got their own. A long term strategy is not necessarily better than a short one. It's not stronger either.
Traders using short term strategies face many challenges which are detailed on this forum in several threads. They have the right to express their views and try to find solutions. Sometimes help in this regard is just here on this forum. And at other times, complaints on this forum could well change broker's attitudes and practices. They sure read what is posted here. But if you can't be bothered by the repetitive problems of short term traders then just ignore.
  • #277
  • Apr 7, 2008 1:34am Apr 7, 2008 1:34am
Quoting aicccia
There is an idea that no one has mentioned yet regarding dishonest brokers and poor execution speed and slippage:

USE A LONG TERM STRATEGY THAT DOESN'T RELY ON INSTANT ORDER EXECUTION AND TINY SPREADS TO MAKE A PROFIT.

and regardless of the timeframe your startegy runs on, if the profit margin is so small that a 6-8 pip spread ruins the profit, it's a very weak strategy and you need to spend your time and energy making a better stategy rather than complaining about your broker.

I am soo tired of all the complaining.

thank you.
Well my short term strategy would give much more profit than any long term strategies but with the slippage and spread manipulation even 2 pips can ruin a trade

So maybe you are right about the long term strategy being some how more robust, but also dont forget to mention that the success rate is much much lower than short term trades.

Anyway, if i had developed a long term strategy i wouldn't use a short term one... but till now i did not find a good long term with a high success rate. i dont have alot of money to risk you know
When life gives you lemons, make lemonade
  • #278
  • Apr 7, 2008 5:22am Apr 7, 2008 5:22am
Quoting micho
So maybe you are right about the long term strategy being some how more robust, but also dont forget to mention that the success rate is much much lower than short term trades.

Anyway, if i had developed a long term strategy i wouldn't use a short term one... but till now i did not find a good long term with a high success rate.
You are 100 per cent right. Well said.

And I would add that I don't need a long term strategy because I already have a successful short term strategy.
  • #279
  • Apr 7, 2008 6:20am Apr 7, 2008 6:20am
Quoting PipStar
You are 100 per cent right. Well said.

And I would add that I don't need a long term strategy because I already have a successful short term strategy.
Well, my strategy works well on the demo account but yet to test it on the live account. If the execution speed is low and there is manipulation in slippage then it would not be a good one. It gives average 500 pips per month (backward tested since 1999) with around 200 trades per month. So suppose 2 pips are lost with each trade due to slippage then I would get 100 pips per month which is noting :S

I am exited to test it especially that I trade in slow markets, if the broker is honest (no manipulation of slippage) it will be fine

By the way I trade GBP/USD (success rate 71%, average profit trade ~13, average losing trade ~-21)

Can you tell me about your trading style??
When life gives you lemons, make lemonade
  • #280
  • May 25, 2008 4:08am May 25, 2008 4:08am
Here's an idea - dunno whether it will work.
Run the ea in a demo on a different broker with similar prices. Program the ea to dump to a file whenever there is a buy or sell signal. On the real acct EA, program to poll for the buy file/ sell file every x ms. Once the file is located execute the trade. This way, they will not know what the ea is doing and they will not discover what your TPs and SLs are. Only problem is there may be some slippage on execution.

just a thought, maybe rubbish
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