Alpari.co.uk Discussion

MythodKid you might have sussed it! Maybe these people that are having problems with alpari are actually with alpari US and are posting in the alpari uk thread...
That would explain the difference in service. Maybe fulltime and others would like to let us know which broker they trade with?


ahmen.

I just noticed ilanr is from isreal and trading with alpari uk??

I have a lot of problem!!!

The worst is not the slippage but the requoting!!!

U can't enter or exit the trade without get requote or invalid price!!

Lubo.

sorry mate I doubt that's the answer...

I traded with Alpari UK and I think many others did to.

Like we said all was well till around this FEB. (in regards to requoting in my case!)

things change you have to change as well no matter how much you liked it.....

Hi guys

I could imagine your pain in requoting your position. I would like to give suggestion by using Hot Key. Me, myself is scalper.

I hope those files are usefull. Thank you


Regards

Sugiyantho
www.ambafx.com

I have live account with alpari uk since beginning of 10/08.
I liked them for the first couple of months but their requotes increase a lot. I have used many mt4 brokers but alpari has the top spot on requotes among all brokers I have used.
With regards to widen spread on EURCHF, Alpari gave me an explaination that the spread is widen is due to low liquidity during asia session. I meant they has low liquidity for nearly two days on that pair ??? (and I didn't see this problem with other brokers) Now the spread is back to normal so it is good (for the time being).
I think I trade a lot (on 5m timeframe 20 to 40 trades per day), widen spread and requote affect my profit a lot (widen spread cost me 20*2 pips more, requote cost me at least 1 pip per trade).
I do hope that Alpari will improve the services because changing broker is the last thing I want to do.

is anyone else getting this connection problem? it keeps re-loading and shutting down.
anyone?

anyone know what's the key difference between Alpari's mt4 platform and other mt4 such as fxcm's , odl's, etc

Is all about how that configure their server and if they use the notorious broker plug-in that slips, freezes and delays orders. Seems that most Market Makers will tweak the setting to their desire to squeeze more profits. IBFX smooths the data like crazy!! (compare their charts/indicators to anyone else and you'll see it) - other brokers do other tricks in addition to padding the Bid/Ask spread. Only people that have worked there can tell you for sure but most MM tweak the setting somewhat. Alpari hates scalpers so they put a 3-5 second order delay other use different tricks.

http://www.forexfactory.com/showthread.php?t=70582

thanks, except the anti-trader function such as Virtual Dealer (which i suppose all of brokers would use such solution )

is there any other special features which is beneficial for traders in each broker's mt4

IE:
alpari quotes "Unique MT4 adds-on (automatic hedging capabilities, floating leverage, 5 decimal places pricing format, faster execution and superior reliability) "
http://www.alpari.co.uk/en/trading_a...dvantages.html

IBFX Forex Trading Tools http://www.ibfx.com/tools/tradingtools.aspx

same here..the new update

Please give details how the hotkey works and how to use it (for us not so bright traders) please Kairen regards Jonmem

lol! my account is now up 16% since i started and have made loads of trades, yet I get a good service. Its amazing....
Apart from this freezing and re-opening business, this is a first.
I think in fact its generally loosers that complain about their brokers.

fulltime basically what your saying is your able to pick tops and bottoms within a few pips, which is why you so desperatly need bang on order execution to the pip and exactly when you want to place it. I think you are asking for a miricle.

Nah, I WISH I could pick that good!!! - You never know when a run will reverse so when my EA signals a trade I need to be in NOW!!!! since the margin of error can be pretty small. works VERY well when the brokers let me in.

fair enough, who is that broker for?
and those are some nice statistics...

also, would your ea say whether GU is going to reverse its up move soon, because im in long atm and its playing ping pong.

Those are broker stats from a service that allows others to autotrade the signals. I use a MT4 ECN with FXDD MTxtreme account to send trade signals to the master server. (I'd rather use MBTrading but they're not up 24/7 while still in beta) - My EA would do a BUY on GU (I only trade EURUSD) but its actually nearing a transition point where it could switch to selling. Its really a pretty dumb brute force EA that ALWAYS buys in the trend direction. Just sticking with the trend provides about a 20% edge. (Las Vegas makes BILLIONS with a less than 1% edge) - That's all I need to profit.

oh rite. well looks like ur ea wud have made a good move. Im personally still in the buy, funny enough im lookin to sell, but a little higher. see how she goes, atm she has turned around.

Come on Fry for Petes sake, how can this be a fact, "it is losers that complain" is anything but a fact. I am pretty disappointed you would suggest such a thing and state it as a fact. If you read the posts, a lot of people, including the one from the guy above and myself, are successful traders.

Here is a fact: If you have a trade that is in profit and you cannot close due to re quotes, and all you see is the price continually slipping away from you, not being able to get out on a profit trade that is NOT a loser.
But you will soon become one if that keeps happening.

I am a successful trader and have been for a while. I do not intend to change that which is why I will stop using Alpari. If I have to cut a losing trade I do, if I have to cut a broker I have been with for years I will, its about winning. And every pip DOES count. Continual requotes and slippage is not anything that can be supported.

Everyone has different approaches to trading, maybe you trade small amounts, maybe it isn't your full time bread and butter but look at it this way, how would you like it if you woke up and found you couldn't get out your front door one day, late for work your boss says no paycheck, next day your car keys have gone etc etc by the end of the week you have no food and no money.

The point is you need to know where you are and rely on things being in place. The final straw for me was yesterday, I could not exit my profitable trade, as a last resort had to turn on a breakeven EA to prevent a winner becoming a loss. In 4 mins it dropped 26 pips (EUR/JPY), instead of a tidy profit at anything > 22 pips I got 1. Thats bad news if you earn your money trading.

I'm looking at 2 options at the moment, 1 is IG Index, mixed reviews but I will open an account anyway and continue to chart via metatrader. Def going to open a ECN NTD broker but unsure which yet.

PG

well summed up PGtips. Reliability and being able to trade at a price you click on are key.

well not being able to exit a profitable trade is very bad i agree. I wasnt implying that its a fact loosing traders complain about their broker, but it seems to be what usually happens. Basically being frustrated with the broker or believing they have slipped prices to hit your stop loss. But theres been a couple of times where price has been like a couple of pips from hitting my stop loss and they turn around without hitting. But you would have thought if they do this kind of thing then they would have slipped the price in thier favour.
I think its probably dependant on your strategy, but im more of a swing trader and take the occasional scalp, so I know that most of my trades are never going to be near the top or bottom of a turning point so if I have missed an entry I just wait a little while for it to come back down to where I want to get in, or set a pending order. Sometimes I end up getting a better entry.
Im sorry I really cant see what the problem with slippage is unless its like 10 pips plus. The problem with not being able to exit a winning position is very bad though that is most deffinatly not acceptable.
For people to say that getting in exactly when u want at the exact price you require just says to me that you are inpatient.

Once my connection issue was sorted the 2 trades I have taken I had NO slippage and near instant execution. I think last week was a bad week due to them changing of the servers. Have any of you guys made any trades so far this week and had the same problems?

Hi fry,

Price being very close to hitting my stop and then reversing has also happened to me many times, but I don't think individual trades are too significant (perhaps those of someone trading very large volumes are, that I don't know). If there is stop hunting going on by the broker I'd imagine they would want to focus on regions where there are large clusters of stops, so that with a spike they can run a whole lot of stops from different people and collect a tidy profit. Hunting the stops of single traders is probably not worth the effort, even if it can easily be automated. It just gets the broker a bad reputation very soon.

That is by itself a good reason to place your stop on a not-too-obvious spot and perhaps give it a few more pips of room to separate yourself from other traders. But you probably know that already.