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scooby-doo BOJ JPY pairs trading robot

  • #3,021
  • Nov 22, 2009 11:44am Nov 22, 2009 11:44am
FXOpen look like it has the best spreads

Anyone have experience with them
  • #3,022
  • Nov 22, 2009 11:47am Nov 22, 2009 11:47am
Quoting dryclean
FXOpen look like it has the best spreads

Anyone have experience with them
Do they allow hedging ?
  • #3,023
  • Nov 22, 2009 11:54am Nov 22, 2009 11:54am
Quoting scooby-doo
Do they allow hedging ?
Yes, but its their ECN account and am not sure if that website is making adjustments for the commissions that the ECNs charge.
  • #3,024
  • Nov 22, 2009 12:01pm Nov 22, 2009 12:01pm
Quoting watube
Yes, but its their ECN account and am not sure if that website is making adjustments for the commissions that the ECNs charge.
Is there not a retail broker that has zero spreads on all pairs and just charges a commission or transaction fee ???
  • #3,025
  • Nov 22, 2009 12:04pm Nov 22, 2009 12:04pm
I don't think there is one in the MT4 platform

Hedge doesnt matter to me
I live in the US I'm too stupid to hedge and must be protected by my Govt. Infact they want to reduce the spread to a max of 1-100
  • #3,026
  • Nov 22, 2009 12:11pm Nov 22, 2009 12:11pm
Quoting scooby-doo
Is there not a retail broker that has zero spreads on all pairs and just charges a commission or transaction fee ???
Not to the best of my information. I just copied this over from the FXOpen website
"Commission per 1 million starting from US$35 per side (Depends from the monthly trading volume"

Well, starts from $35 per side. wow. Commissions really do add up. I once had a trading year in which my commissions on ECNs added up to more than $90000, but I still make out Ok so not really complaining. The point is that commission on ECNs do add up and websites like these if they are not adjusting for these commissions are at best misleading.
  • #3,027
  • Nov 22, 2009 12:16pm Nov 22, 2009 12:16pm
Its not Zero spread but pretty competitive and you get market prices and order info...

Prospreads - http://www.prospreads.com/spreads_market_info.html

You trade through a market depth ladder - like TT, and/or can link there data through to Ninja trader

I have some friends who use them with no problems and I have been looking to open an account..

Cheers for all you work here Scoob et All

regards

007


Quoting scooby-doo
Is there not a retail broker that has zero spreads on all pairs and just charges a commission or transaction fee ???
  • #3,028
  • Nov 22, 2009 12:26pm Nov 22, 2009 12:26pm
Quoting watube
Not to the best of my information. I just copied this over from the FXOpen website
"Commission per 1 million starting from US$35 per side (Depends from the monthly trading volume"

Well, starts from $35 per side. wow. Commissions really do add up. I once had a trading year in which my commissions on ECNs added up to more than $90000, but I still make out Ok so not really complaining. The point is that commission on ECNs do add up and websites like these if they are not adjusting for these commissions are at best misleading.
I will try and find out when I get back to London. There probably is a broker that does but you may need 100K or something to open an account with them.

I dont know about these people: http://www.fxclub.com/zero-spread/
  • #3,029
  • Nov 22, 2009 12:29pm Nov 22, 2009 12:29pm
Quoting Jezza
Just for interest, there's a website here that compares live spreads for brokers.
http://www.fxintel.com/live/
That website does not look very comprehensive and some of the information is not accurate, for example MB Trading spreads are generally much lower than shown there. MBT is a NFA Criminal and I don't want to trade with NFA criminals anymore but those spreads are not accurate from my experience with them.

many STP brokers are not on that list either and they generally have lower spreads than those shown for FXOpen with avg commission of 0.5 pip.
  • #3,030
  • Nov 22, 2009 12:36pm Nov 22, 2009 12:36pm
Try trading with the big boys, they have their own API programming platform and the spreads are pretty good

http://www.dbfx.com/

  • #3,031
  • Nov 22, 2009 12:48pm Nov 22, 2009 12:48pm
Quoting scooby-doo
Try trading with the big boys, they have their own API programming platform and the spreads are pretty good

http://www.dbfx.com/

I was planning to open an account with CitiFXPro, especially now they have MT4. In fact I have their corporate account application in my inbox but one of the reasons I am still holding of is:

http://www.forexpeacearmy.com/public...w/www.dbfx.com

I read this at FPA about DBFX while doing my due diligence for CitiFXPro. They (DBFX) seem to have lots of complaints about their retail service
  • #3,032
  • Nov 22, 2009 12:48pm Nov 22, 2009 12:48pm
Quoting scooby-doo
Is there not a retail broker that has zero spreads on all pairs and just charges a commission or transaction fee ???
Brocompany with their Broco Investor platform. It is MT4 ECN.
Commission USD5 for one lot.
Pavel
  • #3,033
  • Nov 22, 2009 1:04pm Nov 22, 2009 1:04pm
Quoting maya007
Brocompany with their Broco Investor platform. It is MT4 ECN.
Commission USD5 for one lot.
Jesus. just looked at this website Scoobs said ZERO spreads.

http://www.brocompany.com/trading-pl...ader/forex-bt/
I even see one spread of 200. Did you even look at this site? If this is an ECN, those spreads do not make sense.
  • #3,034
  • Nov 22, 2009 1:09pm Nov 22, 2009 1:09pm
Quoting watube
Jesus. just looked at this website Scoobs said ZERO spreads.

http://www.brocompany.com/trading-pl...ader/forex-bt/
I even see one spread of 200. Did you even look at this site? If this is an ECN, those spreads do not make sense.
Please read carefully before posting this nonsense answers!

Look at Broco Investor - not Broco Trader.
Pavel
  • #3,035
  • Nov 22, 2009 1:24pm Nov 22, 2009 1:24pm
Quoting maya007
Please read carefully before posting this nonsense answers!

Look at Broco Investor - not Broco Trader.
This looks really good, I will find out more about them from my contacts in various trading floors.

The only problem for some will be the leverage of 1:100.

  • #3,036
  • Nov 22, 2009 1:29pm Nov 22, 2009 1:29pm
Quoting maya007
Please read carefully before posting this nonsense answers!

Look at Broco Investor - not Broco Trader.
Broco Investor trading terms

"Spread
floating market spread from 0.1 p."

Copied from the Broco Investor trading terms section.

Cheers.
  • #3,037
  • Edited 2:18pm Nov 22, 2009 2:02pm | Edited 2:18pm
Quoting watube
Broco Investor trading terms

"Spread
floating market spread from 0.1 p."

Copied from the Broco Investor trading terms section.

Cheers.
I'm sorry, you are right. They changed this. When I tried their demo before one or two months back, commission was USD10 with zero spread. Now they lowered commission to a half but add "market spread" - it can be 0,1 pips but possibly more too
So nothing new.

I will look at Broco Trader, if there left some pairs with zero spread...
Pavel
  • #3,038
  • Nov 22, 2009 2:31pm Nov 22, 2009 2:31pm
Quoting maya007
I'm sorry, you are right. They changed this. When I tried their demo before one or two months back, commission was USD10 with zero spread. Now they lowered commission to a half but add "market spread" - it can be 0,1 pips but possibly more too
So nothing new.

I will look at Broco Trader, if there left some pairs with zero spread...
Their spread on XXXJPY pairs look very strange indeed!!!!!!!!!
  • #3,039
  • Nov 22, 2009 3:09pm Nov 22, 2009 3:09pm
Ehup guys. Sorry to be away for so long, but Sunday is a busy teaching day for me.

Latest versions uploaded to post 1.

  • #3,040
  • Nov 22, 2009 3:11pm Nov 22, 2009 3:11pm
Quoting SteveHopwood
Ehup guys. Sorry to be away for so long, but Sunday is a busy teaching day for me.

Latest versions uploaded to post 1.

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