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Currenex news trading

  • #1
  • First Post: Apr 4, 2008 2:14am Apr 4, 2008 2:14am
Hi,

Does anyone trade economic reports via a Currenex broker? What are the slippage and fills like? Can you make money with them?

I ask, as i thinking of making the step up, and not sure if its worth it or not.

PM me if you want to talk privately.
Forex rules
  • #2
  • Apr 9, 2008 8:14pm Apr 9, 2008 8:14pm
last year i did this on currenex bgcfx, widen spread and unfilled
  • #3
  • Apr 10, 2008 2:55am Apr 10, 2008 2:55am
Did you use limit or mkt orders?
Forex rules
  • #4
  • Apr 10, 2008 4:02am Apr 10, 2008 4:02am
hi,

i've used both of them, i use autoclicker program that click buy or sell button on currenex.
click buy/sell means mkt orders was 90% unfilled
then i setup 2 window, set the price 20 pips away from current price and set my autoclicker to set either sell or buy limit button. and usually i got bad fill and sometimes didnt get filled while price moved like a jetplane.

but that was last year.
  • #5
  • Apr 10, 2008 6:00am Apr 10, 2008 6:00am
Quoting white_tiger
hi,

i've used both of them, i use autoclicker program that click buy or sell button on currenex.
click buy/sell means mkt orders was 90% unfilled
then i setup 2 window, set the price 20 pips away from current price and set my autoclicker to set either sell or buy limit button. and usually i got bad fill and sometimes didnt get filled while price moved like a jetplane.

but that was last year.
Which autoclicker were you using?
  • #6
  • Apr 10, 2008 12:08pm Apr 10, 2008 12:08pm
Depends on the currenex broker. You need to find a broker that uses currenex's multi bank feed and I dont think many use the feed. ADMD might be your best choice. PFG's currenex feed is garbage and same with FXCM's. Bottom line most banks pull bids and offers around news and widen prices making it very hard to get a good fill.
  • #7
  • Apr 10, 2008 4:30pm Apr 10, 2008 4:30pm
Quoting fxtrader42
ADMD might be your best choice.
Have you tried them out yet? If so, how goes it so far?
  • #8
  • Apr 10, 2008 9:43pm Apr 10, 2008 9:43pm
Quote
Which autoclicker were you using?
secret blah blah
  • #9
  • Edited 5:10am Apr 11, 2008 2:48am | Edited 5:10am
I was thinking of using a broker with lots of more liquidity providers. But hardly seems worth it if you get slipped or not filled. Or am i wrong here?

White tiger, do you trade news with currenex anymore? How many millions were you trying to trade?
Forex rules
  • #10
  • Apr 11, 2008 3:58am Apr 11, 2008 3:58am
Quoting dsb104
I was thinking of using a broker with lots of more liquidity providers. But hardly seems worth it if you get slipped or not filled. Or am i wrong here?
these days bro it hard as hell to trade news with any broker, market maker or ecn unless your in before or right after the release, you should start thinking about day trading or swing trading and mabe scalping.
If I Go Broke Trying Then I Will die happy.
  • #11
  • Apr 11, 2008 5:02am Apr 11, 2008 5:02am
Quoting white_tiger
secret blah blah
I can see you're a very helpful individual.
  • #12
  • Apr 11, 2008 7:35am Apr 11, 2008 7:35am
Quote
these days bro it hard as hell to trade news with any broker, market maker or ecn unless your in before or right after the release, you should start thinking about day trading or swing trading and mabe scalping.
true, thats why i quit using autoclicker or such...
no fill + big spread = quit
  • #13
  • Apr 11, 2008 8:10am Apr 11, 2008 8:10am
There's in the market

SNW, RSS, MUSE, TNT, etc......

Quoting white_tiger
secret blah blah
Charting Markets into the Future...MǎҖ€¥.
  • #14
  • Apr 11, 2008 9:05am Apr 11, 2008 9:05am
Quoting MaXeY
There's in the market

SNW, RSS, MUSE, TNT, etc......
I hear very few get filled these days using these autoclicks.
Some of the traders who post their results for the autoclick services and claim to get filled, I wonder if they use real accounts. And the providers of these autoclicks, why dont they open dozens of accounts and make millions if they can get filled?
  • #15
  • Apr 11, 2008 9:31am Apr 11, 2008 9:31am
@pipstar
and somebody blame the broker because of it
  • #16
  • Apr 11, 2008 7:52pm Apr 11, 2008 7:52pm
Most of theses Trades are demo accounts to show up they awesome.

but in the real fills can be like 10%.

Quoting PipStar
I hear very few get filled these days using these autoclicks.
Some of the traders who post their results for the autoclick services and claim to get filled, I wonder if they use real accounts. And the providers of these autoclicks, why dont they open dozens of accounts and make millions if they can get filled?
Charting Markets into the Future...MǎҖ€¥.
  • #17
  • Apr 12, 2008 4:11am Apr 12, 2008 4:11am
Never heard of TNT autoclick, who are they (pm me).

So currenex hit & miss really?

Can get slipped on retail, so why move up?
Forex rules
  • #18
  • Apr 12, 2008 10:33am Apr 12, 2008 10:33am
Quoting MaXeY
Most of theses Trades are demo accounts to show up they awesome.

but in the real fills can be like 10%.
10%?? So like, what's the point of trading the news anymore?
  • #19
  • Apr 12, 2008 12:53pm Apr 12, 2008 12:53pm
The amount of people still trying to spike trade the news sickens me. Spike trading died out a long time ago.


When a major news announcement comes out the liquidity drops and spreads widen(sometimes significantly). Getting in immediately the moment the news gets released is insane as there is usually a spike to adjust for all the orders rushing in the market in those few seconds as traders need to adjust to the change in "fundamental value."

If your trading the news you need to decide If your going to place a trade before or after the news comes out. The prices that spike traders try to enter at just don't exist. Placing a trade before a news release is just gambling as you don't know how the report is going to come out.

That leaves only one option, to place a trade after the news comes out......
Private message me for a link to my order flow website.
  • #20
  • Apr 13, 2008 8:07am Apr 13, 2008 8:07am
Its a gamble any way you look at it. Spike trading was fun while it lasted but I agree its time to move on.
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