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Three brokers diffrent spike who's lying?

  • #21
  • Nov 15, 2008 6:26am Nov 15, 2008 6:26am
Quote
You say it's not perfect and with outages and price feeds and it could be the bank.

Feed, actually. Considering that it happened across multiple brokers, what other proof do you need?

Anyway, this is going no where. I try to inject a little common sense into a thread and this is what I get. Irrationality never learns.
  • #22
  • Nov 15, 2008 6:51am Nov 15, 2008 6:51am
Quoting kevinator
For someone with 900+ posts your aren't really that wise.
Why are you insulting someone who is trying to help you?

Quoting kevinator
For good reason we blame the broker, some talk and say the broker manipulates price. I provided proof of this and you make excuses for them.
You think you have proven price manipulation. You haven't. You should use your time more wisely. Look for profit opportunities, not excuses.

Quoting kevinator
Predatory lion brokers praying on antelope traders.
If brokers did deliberately quote off-market prices, they would be easy prey like the antelope who strays from the herd. Adjust your perspective. Be the lion.
  • #23
  • Nov 15, 2008 7:51am Nov 15, 2008 7:51am
Perhaps across multiple brokers but not at 100 pips extreme.That is an absolute account recker.Now because you find ways to dodge it and shuffle around it it's not your problem.Idiocrisy, if you trade forex it's all our problem it's all our issue.You feel powerless thats why you let broker walk all over you.
I don't feel powerless and I don't like a broker I can't trust.I would like all traders to post all screen shots of broker manipulation so we can see how for the lying reaches.Also he needs not help me I know the answer to this problem...they're stop hunting the unsuspecting.
  • #24
  • Nov 15, 2008 8:22am Nov 15, 2008 8:22am
This isn't a 'spike down.' It looks like a totally 100% honest feed to me. The yellow line is what you are claiming to be a spike, at least that is what it looks like to me. This is a screenshot of a IBFX live account.
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  • #25
  • Nov 15, 2008 8:45am Nov 15, 2008 8:45am
Kevinator,

First off, do you know where the prices are coming from? They come from banks who are the true market makers in Forex. Not all the banks are quoting exactly the same at the same time.

If you want a good feed you're going to have to pay for it. eSignal uses GTIS which is an aggregate of 200 banks. Most MT4 brokers are getting their feeds from a few banks. It's like anything else in life, quality costs money.

Secondly, if a price shows up on 3 brokers at the same time, it's a legitimate price. If it's only one broker, then there is a problem. As mentioned, in this case you contact the broker and they'll break the trade. If they don't, run as fast as you can from them.

Thirdly, if a 100 pip move breaks someone's account, then they're a moron. It's the only description that fits the person.

Fourthly, someone dying unexpectedly is a tragedy. Losing money because of stupidity is just stupid.

Fifthly, you have no idea what you're talking about. You're strident tone reveals your reluctance to let go of your ignorance.

Lastly, I'm taking bets that you're going to last less time than the average person does in forex. The only problem is that anyone with an inkling of how to trade wouldn't take the bet.

Good luck, you need it.
  • #26
  • Nov 15, 2008 4:39pm Nov 15, 2008 4:39pm
By the way, back on the pics of the Alpari demo spike that took out the stoploss and half the account on post #12.
That 120 hard SL was there for complete emergency purposes, I had an EA running on the account to stop out the account at 50 pips loss, that was the "hidden" stop. So not over leveraged at all.
The spike happened so fast that the Ea didn't even get a chance to use the 50 pip hidden stop as it virtually just jumped 120 pips in a second taking out the emergency hard stop- In this case not having the hard stop there would have been better- Nothing would have lost.
  • #27
  • Nov 16, 2008 1:14pm Nov 16, 2008 1:14pm
To dopey, first of all I don't usually take seriously people named "dopey" but I will indulge you this time to make you understand the seriousness of this issue.
I trade forex using chart patterns as my main means of technical analysis,I also build trading systems and develop expert advisors.I have traded Esignal-topgun, I know every indicator in the library, I work with programmers to develop trading strategy's.
With that much being said, I know forex...I was testing one of my new EA's across multiple platforms when I caught the error.It was blatent and precise and done in a way that the onlly purpose of the spike was to take out stops.I am trying to get you to see that no matter what the broker has control of the platform and can produce these spikes at will.Only dishonest brokers would go this far.
I am passioinate about htis because I know it is cheating in a classic wayPLEASE SEE "BUCKET SHOP BROKER" AT INVESTOPEDIA. You senior level members on this forum are pure amatuers I bet all your 500 posts are full of hearsay and useless jargon "what'd he say" "really, why's that" nothing of substance.
Bottom line we should demand more from these brokers, they can give accurate feed they chose not to because it's not in thier best interest.The spike in question was 100 pips to long!!That is huge...it can destroy an account that took some trader all month to build and all on a lie as it was not displayed this way on other platforms.
You would have traded that position if you would have been paying attention.After a long buying trend the market retraced as it alway's does only thing is IF YOU WENT LONG ANY WAY UP THE TRAIL WHEN IT RETRACED 100+POINTS ALL POSITIONS WERE TAKEN OUT AND THAT'S A PURE VIIOLATION OF INTEGRITY SEEING AS NO OTHER PLATFORMS REPORT THIS,STEALING YOUR HONESTLY WON LIQUIDITY AND MARGINING YOUR ACCOUNT STUPID!!!
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  • #28
  • Nov 16, 2008 2:31pm Nov 16, 2008 2:31pm
I think we can blame some parents for this occurrence (above)
Measure twice, cut once
  • #29
  • Nov 16, 2008 5:37pm Nov 16, 2008 5:37pm
Quoting kevinator
first of all I don't usually take seriously people named "dopey" but I will indulge you this time to make you understand the seriousness of this issue.
Ha, Yah, because "Kevinator" has such a serious tone.. Reminds me of the Shermanator.
  • #30
  • Nov 17, 2008 3:43am Nov 17, 2008 3:43am
Um, ok.

Quoting kevinator
To dopey, first of all I don't usually take seriously people named "dopey" but I will indulge you this time to make you understand the seriousness of this issue.
I trade forex using chart patterns as my main means of technical analysis,I also build trading systems and develop expert advisors.I have traded Esignal-topgun, I know every indicator in the library, I work with programmers to develop trading strategy's.
With that much being said, I know forex...I was testing one of my new EA's across multiple platforms when I caught the error.It was...
  • #31
  • Nov 17, 2008 8:29am Nov 17, 2008 8:29am
What in the h..l do the last three posts have to do with price manipulation.You 200+posters are straying away from the topic at hand,it doesn't suprise me with your overall lack of understanding.
Im talking about hundreds of thousands of dollars lost per month and retarded shakesphere tells me about cows and sheep, do us all a favor and if you can't come up with a valid point that pertains to a solution to combat the growing problem of price manipulation to protect the individual investor no matter the size of his or her own personal holdings....keep your rainman rhetoric to yourself.
If you have screen shots of such events please post for all to view.Also someone post the alpari spike so I can analyze for future refrence.
How does the general public feel about price manipulation, meaning if you lost money but found the spike to be artificial?
  • #32
  • Nov 17, 2008 10:23am Nov 17, 2008 10:23am
Quote
How does the general public feel about price manipulation, meaning if you lost money but found the spike to be artificial?

Do this... get the broker's number. Call them. Tell them you think the spike is artificial, tell them why (like other brokers don't show it). Most of them will fix the problem and fix your account. So much for "cheating" eh?

If your broker does not, then get another broker. Happy? Why stay w/ a broker you don't trust?

There isn't jack squat you can do about "price manipulation" if and where it exists. So quit whining and just pick a better broker.
  • #33
  • Nov 17, 2008 11:16am Nov 17, 2008 11:16am
it really doesn't matter....this is the nature of OTC...there is no central price, and especially with retail fx brokers, there will be large discrepancies in prices between brokers....another reason why they ban you from trading news, because there is huge opportunity for arbitrage.
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  • #34
  • Nov 17, 2008 9:09pm Nov 17, 2008 9:09pm
jjk2,I know spread is fixed and over the counter is somewhat questionable.I'll tell you last year I would have expected this but since then there has been large strides taken to legitimize the OTC forex.With the scandle of REFCO and brokers like saxobank sending emails discouraging news trading, but since then there has been substantialy more regulations and oversight with to the point of more brokers encouraging "trade your own style" whether that is news(non farm,retail sales,ect) or ea or scalping, even without using tricks like spread widening and the like.
So when something like 100points on a spike happens it sends a bad message that tricks of old are still lightly practiced.I am not as tolerant because I have high expectations of the firm I choose to deposit my hard earned money.I expect them to deposit and withdraw my money fast and efficiently,I also expecct them togive me a decent spread and absolutly not manipulate the data!
When after I have made a deposit and are trading with them and they violate one of my simple standards which they have agreed to...we have a problem.I demand fair treatment and will not be taken advantage of no matter who the company is and you are foolish if you let them rob you without repraisel or say "well this happens alot..no sweat".There are larger regulatory bodies out there to voice your concerns and get swift action.
Again someone post screen shots of broker discrepencies for all to analyze.
Regards
  • #35
  • Edited 11:32pm Nov 17, 2008 10:59pm | Edited 11:32pm
Quoting kevinator
What in the h..l do the last three posts have to do with price manipulation.You 200+posters are straying away from the topic at hand,it doesn't suprise me with your overall lack of understanding.
Wrong again, pal. We do understand exactly what's happening. Brokers control their own feed so they show you what they want. There are always discrepancies in price between brokers and the banks. If YOU had any knowledge, then you would know this. And if you had any brains, you wouldn't trade with a broker that consistently has large deviations from the price.

Quoting kevinator
Im talking about hundreds of thousands of dollars lost per month

By whom? You? If so, then you're responsible for any loss you incur, even if the broker is robbing you. You know the saying, fool me once shame on you, fool me twice, shame on me. If it isn't you losing hundreds of thousands of dollars per month, what the hell do you care about other people's accounts?

Quoting kevinator
and retarded shakesphere tells me about cows and sheep,
It seems to me you fit the quote quite well.


Quoting kevinator
How does the general public feel about price manipulation, meaning if you lost money but found the spike to be artificial?
They love it. They're dancing in the streets every time it happens. Exactly how many stupid statements and questions are you capable of producing on a daily basis?

It doesn't matter how pissed off you get. You can scream and rant about this on all the forums you want, but it's a waste of your time and energy. It's amusing to me to see people like you have cyber apoplectic fits. You should be directing your energy towards something constructive if you've been robbed by your broker. But ranting and raving about something that us "200+posters" have known about for quite some time does nothing but show your relative inexperience, regardless of your claims.

And the point remains that anyone who has their account seriously damaged by a 100 point spike is an idiot and deserves what they get.
  • #36
  • Nov 17, 2008 11:17pm Nov 17, 2008 11:17pm
Hey Dopey... Somebody has to be in that other 50% that you've mentioned before.
  • #37
  • Nov 18, 2008 7:50am Nov 18, 2008 7:50am
wow i dont agree with a lot of people but Dopey just hit the nail on the Fing head
  • #38
  • Nov 18, 2008 4:47pm Nov 18, 2008 4:47pm
There are many factors here that should be analyzed on the spot. If the spike is artificial and not just an error on the system, isn’t it supposed to be reported to the NFA or the regulatory entity in charge?.
  • #39
  • Nov 18, 2008 4:53pm Nov 18, 2008 4:53pm
Quoting Niandra_lade
I just went to the Tradeview website as I am looking for a new broker.

I saw their spreads, and ran for my life.


12 pips on AUDUSD
5 pips on EURUSD



Thats what it says on the Quote board on the left anyway.
I am not quite sure but I believe their spreads are calculated based depending on the pair and the volatility of the market. You will also be affected by this depending on the time frame you are trading on. I just saw on another thread something I am going to implement, it is a spread filter, it helps you to avoid trades with high spreads.
  • #40
  • Nov 18, 2008 6:01pm Nov 18, 2008 6:01pm
Quoting Ritpip
I am not quite sure but I believe their spreads are calculated based depending on the pair and the volatility of the market. You will also be affected by this depending on the time frame you are trading on. I just saw on another thread something I am going to implement, it is a spread filter, it helps you to avoid trades with high spreads.
spreads IMO generally arent calculated by anything other than bids and offers, however, i know banks have algos in place that help them figure out what kind of spread is acceptable based on lots of different factors biggest being VAR
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