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5 decimal places

  • #1
  • First Post: Oct 19, 2008 6:58pm Oct 19, 2008 6:58pm
Can anyone tell me the benefits, or otherwise, for me when my broker/dealer Alpari goes to 5 decimal places?

Regards,
KeithN
  • #2
  • Oct 20, 2008 3:41pm Oct 20, 2008 3:41pm
Used to 4 decimal places - the extra one takes a bit of getting used too.

Will it impact on indicators or EA's??
  • #3
  • Oct 20, 2008 4:45pm Oct 20, 2008 4:45pm
5 decimal places tend to be a good thing as there are more price points from which to scalp from.

As for all indicators and EAs, you generally need to increase price-based settings (TP, SL, etc) by a factor of 10
  • #4
  • Oct 20, 2008 5:01pm Oct 20, 2008 5:01pm
I am not happy about it. I called and had a cry to te rep.

They are reviewing whether they make it happen on live account or if they offer both to clients. I personaly want to use 4. 5 is a pain in the ass.

I put in my request for it to stay the same or to have a option of 4 or 5
  • #5
  • Oct 20, 2008 8:47pm Oct 20, 2008 8:47pm
Oanda has it also, they call them pipettes, However you can enable or disable them...... I could never seem to get used to them and they don't make any difference to my trading.
Same Whore .... Different Dress
  • #6
  • Oct 22, 2008 6:21pm Oct 22, 2008 6:21pm
you gotta figure that if the broker is getting 5 digit from the bank and showing you 4 digit they are always widening the spread even more. I would take a 5 digit feed any day
  • #7
  • Oct 28, 2008 6:05am Oct 28, 2008 6:05am
I'm trying to trade Alpari demo with this new 3/5-digit arrangement - it's a catastrophy, after a couple of hours my head aches. People keep telling them on their forum that they don't like that - they don't seem to be very impressed. The moment they intruduce this crap to their live platform, I'm leaving this broker, which is a pity - they are good in almost every other respect.
sans peur et sans reproche
  • #8
  • Oct 29, 2008 4:17am Oct 29, 2008 4:17am
I am demoing FXPROMAKER and have found that the 5 decimal setting is screwing the EA up -

This has been a pretty poor call by Alpari - I received no info that that they were going to 5 places
  • #9
  • Oct 29, 2008 5:23am Oct 29, 2008 5:23am
I understand that Alpari are now giving us the option to use 4 or 5 decimal places on our live platforms. However, five are mandatory on the demo platform. Thank you for your responses.

Regards,
KeithN.
  • #10
  • Oct 29, 2008 9:28am Oct 29, 2008 9:28am
Adapt or DIE......... it is just showing you a little deeper level of the price action.
Same Whore .... Different Dress
  • #11
  • Oct 31, 2008 9:53pm Oct 31, 2008 9:53pm
It appears Alpari have a retrospective change of mind. Today received an email from them saying 5 decimal places will be on live accounts from October 19th 2008! Peace be with you!
KeithN
  • #12
  • Last Post: Nov 1, 2008 12:34pm Nov 1, 2008 12:34pm
Quoting KeithN
Can anyone tell me the benefits, or otherwise, for me when my broker/dealer Alpari goes to 5 decimal places?

Regards,
KeithN
It makes precisely no difference, trade cost is still the same.
The breaking of a wave cannot explain the whole sea.
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