Scalping with ECN brokers | Forex Factory

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Scalping with ECN brokers

  • #1
  • First Post: Jan 18, 2009 10:16am Jan 18, 2009 10:16am
Hello all!

Maybe somebody have experience with ECN scalping. If yes, I will be pleased to hear some advices how to do it correct.

My main problem is to enter market with exact price(which calculates my expert system, I use automated trading) with a small slippage. My expert system basicly enters market in big volativity, so there are many rejects from my broker(actualy DukasCopy). Problem is that I see prices in glass which are changing acording to my rules(price+slippage), but my broker rejects my orders(price is out of date) anyway.

I use maket orders, then limitbuy and limitsell, but I still get rejects. Maybe ther are some techniques tocorrect scapging with ECN?

Thank You
  • #2
  • Jan 18, 2009 11:25am Jan 18, 2009 11:25am
Hope you don't trade the news

Personally never had any problems with scalping, but i'm not with duka. Why don't you try MB Trading - they now offer Metatrader with their true ECN and STP. They modified mt4 a little, no requotes anymore, no back-office applications etc.

Greetings.
42
  • #3
  • Jan 18, 2009 11:31am Jan 18, 2009 11:31am
Hi! Thanx for reply!

No, I dont trade in news time!
I use to try many MT4 brokers, but whan I start to show constant profit trades, they were cosing my accounts So I deciedet to work with ECN brokers!
  • #4
  • Jan 18, 2009 12:14pm Jan 18, 2009 12:14pm
Hi Raxbat,

please believe not me, but thousands of other traders: MB Trading is a true ECN broker, never been else.
I use them for more than 3 years now (with their platform called Navigator - withour a charting package), and never experienced serious problems.
Order execution is execellent, scalping allowed etc. All a trader needs.
42
  • #5
  • Jan 18, 2009 12:39pm Jan 18, 2009 12:39pm
I have just downloaded Mt4 MB platform! I will test it tomorrow!
But I like DUAKSCOPY very much for their support and taking care of client, dontn know what will be with MB
  • #6
  • Jan 18, 2009 2:01pm Jan 18, 2009 2:01pm
Quoting Raxbat
I have just downloaded Mt4 MB platform! I will test it tomorrow!
But I like DUAKSCOPY very much for their support and taking care of client, dontn know what will be with MB
I don't think MB Trading has MT4 available for live trading yet. Also, check to see if your demo is just a generic Metaquotes demo. I had to go to online chat and specifically request an MT4 demo with MB Trading pricing. They had to give me a different server to use in order to get their pricing and not the generic Metaquotes.

Re. scalping, have you tried using a Currenex broker? There's no such thing as a requote or "reject" in a true interbank trading environment. On Currenex your order either gets filled or it doesn't (i.e. if you click a price as a market order and the market moves too fast, the order will just sit there unfilled.)

Best wishes...
  • #7
  • Jan 18, 2009 4:22pm Jan 18, 2009 4:22pm
You may want to check atc

http://www.atcbrokers.com/index_forexpro.htm as well -

they're an IB for hotspot fx offering the mt4 platform...Im also looking for an mt4 ecn to scalp with an ea and as mbt is still in beta hotspot seems like a good bet imho..

I'm waiting for the demo which btw uses actual real time quotes.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #8
  • Jan 18, 2009 8:26pm Jan 18, 2009 8:26pm
I use MB trading, It is great, and next month they will mt4 pltform availabe with real qoutes.
Losers Complain, Winners Train! Utah
  • #9
  • Jan 21, 2009 8:08am Jan 21, 2009 8:08am
Quoting Mightypip
I use MB trading, It is great, and next month they will mt4 pltform availabe with real qoutes.

realy? if true great!
Have a good day!
  • #10
  • Jan 21, 2009 8:13am Jan 21, 2009 8:13am
I am with a broker who does allow scalping but they are not MT4, however they do have excellent execution and based on my research show the real market, whatever that is. If you want to know more I would be happy to share.
  • #11
  • Jan 21, 2009 8:46am Jan 21, 2009 8:46am
i find MT4 does not work well with scalping as there are latency issues. I use amifx, they dont have a huge pressence but despite that their execution is speed is the best i have seen, sub 5ms per trade. I have tried MB but their platform is not fast enough for my system, plus i find that platform difficult to use.
  • #12
  • Sep 10, 2009 4:09pm Sep 10, 2009 4:09pm
You want a true ECN platform. You dont want any MT4 platform that is going through any type of dealing desk or using any kind of boston technolgies software. I have fell in love the the Currenex ECN for purely scalping (maybe my account size in the past month makes me a little biased).

the only this is it does not come with charts. I use FXCM MT4 for the charting as it seems to be just about on point.

Here is a video of the platform:
Inserted Video
  • #13
  • Sep 10, 2009 4:21pm Sep 10, 2009 4:21pm
Very good platform!! i like it
  • #14
  • Sep 10, 2009 6:38pm Sep 10, 2009 6:38pm
From what I can understand, you must be using a bridge to access dukascopy. Which means yoru execution would be delayed/lagged.

OTher than that, I scalp with limit orders and spot orders and I have never had a problem with dukascopy except a pip or two slippage.
  • #15
  • Sep 10, 2009 9:46pm Sep 10, 2009 9:46pm
Quoting Mightypip
I use MB trading, It is great, and next month they will mt4 pltform availabe with real qoutes.
lol
  • #16
  • Sep 10, 2009 11:34pm Sep 10, 2009 11:34pm
If you're scalping and don't need MT4 - FXDD Currenex PowerTrader is what you need. MBTradings high commision + negative swap will KILL your profits. http://www.fxdd.com/en/forex-trading...er-trader.html
  • #17
  • Oct 3, 2009 12:09pm Oct 3, 2009 12:09pm
MetaTrader 4 is now live with MB trading.
(just an update)
  • #18
  • Oct 4, 2009 12:43pm Oct 4, 2009 12:43pm
For scalping you need a broker who offers to you direct interbank prices without adding subpips or manipulating quotes.
Other important part is the commission.

Last time i checked Duka i don't see them as real ECN cause of price manipulation even though commissions are cheap.

Also MBT isn't woth with scalping.High commissions and spreads compared with real interbank quotes are much wider on most pairs.

For small pocket it's hard to find really untouched interbank quotes with cheap commissions.

Under 25k you should scalp on currency futures.Over 25k you could go with an currenex or hotspot broker.
  • #19
  • Oct 4, 2009 12:54pm Oct 4, 2009 12:54pm
Quoting Mr-Forex
For scalping you need a broker who offers to you direct interbank prices without adding subpips or manipulating quotes.
Other important part is the commission.

Last time i checked Duka i don't see them as real ECN cause of price manipulation even though commissions are cheap.

Also MBT isn't woth with scalping.http://kedaii.com/FS/images/12.gifHigh commissions and spreads compared with real interbank quotes are much wider on most pairs.

For small pocket it's hard to find really untouched interbank quotes with cheap commissions.

Under...
how do you determine about price manipulation on dukas?

what's weird with dukas is,it is the only ECN broker [what they claim] that you can buy and sell at the same time...or the noobs call it hedge...
  • #20
  • Oct 4, 2009 12:57pm Oct 4, 2009 12:57pm
A successful trader on this forum has an interbank feed and pays 20k/month for it.

Quoting Mr-Forex
For small pocket it's hard to find really untouched interbank quotes with cheap commissions.
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