Attachments: Interbank FX. The most reliable MT4 broker around?

Interbank FX. The most reliable MT4 broker around?

#101
Dec 9, 2009 9:01am Dec 9, 2009 9:01am

Abigail
| Joined Jul 2009 | Status: IBFX Representative | 38 Posts

Quoting onu

Disliked

Interbank FX. The most reliable MT4 broker around? Thats the topic!

Did Abigail/ibfx answer to the tester issue?

Ignored

Hi guys,

Sorry for the somewhat late response-- not ignoring you, just been a busy few days, hope you'll forgive me

The backtester is hard coded by MetaQuotes, so it allows for hedging. We are considering a possible intraday hedge solution at Interbank FX, LLC. We are also anticipating allowing customers of IBFX UK to hedge if and when our FSA registration is approved.

We'd love your feedback on the Intraday hedging idea. Please send feedback to [email protected] and either myself or Marilyn will pick that up and respond to you. Thanks!

#102
Dec 9, 2009 9:17am Dec 9, 2009 9:17am

onu
| Joined Feb 2006 | Status: superior senior member | 746 Posts

Quoting Abigail

Disliked

Hi guys,

Sorry for the somewhat late response-- not ignoring you, just been a busy few days, hope you'll forgive me

The backtester is hard coded by MetaQuotes, so it allows for hedging. We are considering a possible intraday hedge solution at Interbank FX, LLC. We are also anticipating allowing customers of IBFX UK to hedge if and when our FSA registration is approved.

We'd love your feedback on the Intraday hedging idea. Please send feedback to [email protected] and either myself...

Ignored

here u go..

thx Abigail!

#103
Dec 10, 2009 6:26pm Dec 10, 2009 6:26pm

hayseed
Joined Nov 2006 | Status: Trader | 4,416 Posts

Quoting Abigail

Disliked

Hi guys,

. We are considering a possible intraday hedge solution at Interbank FX, LLC. !

Ignored

//---
//--- just recieved ->>

Dear Valued Customer,
We will be introducing Intraday Hedging into the demo accounts on Dec 10th, with plans to introduce Intraday Hedging to the live accounts on or around Dec 20th. What this means to your account:
- You will be able to place both long and short orders in the same currency pair during the course of the day.

//-----

just got the mail via platform........ a totaly unexpected but excellent christmas gift..... thank you abby, marilyn , patrick and crew...... happy holidays .......h

to trade and code, keep both simple... no call to impress....h

#104
Dec 11, 2009 9:20am Dec 11, 2009 9:20am

Abigail
| Joined Jul 2009 | Status: IBFX Representative | 38 Posts

Quoting hayseed

Disliked

//---
//--- just recieved ->>

Dear Valued Customer,
We will be introducing Intraday Hedging into the demo accounts on Dec 10th, with plans to introduce Intraday Hedging to the live accounts on or around Dec 20th. What this means to your account:
- You will be able to place both long and short orders in the same currency pair during the course of the day.

//-----

just got the mail via platform........ a totaly unexpected but excellent christmas gift..... thank you abby, marilyn , patrick and crew...... happy holidays...

Ignored

Glad we could bring some holiday cheer

. Hope you have a good one!

#105
Dec 11, 2009 9:35am Dec 11, 2009 9:35am

buddydeh
| Joined Aug 2009 | Status: Trader | 1 Post

Quoting Abigail

Disliked

Hi guys,

Sorry for the somewhat late response-- not ignoring you, just been a busy few days, hope you'll forgive me

The backtester is hard coded by MetaQuotes, so it allows for hedging. We are considering a possible intraday hedge solution at Interbank FX, LLC. We are also anticipating allowing customers of IBFX UK to hedge if and when our FSA registration is approved.

We'd love your feedback on the Intraday hedging idea. Please send feedback to [email protected] and either myself or...

Ignored

This is a very good news...

As IBFX's MT4 has 5 digit, what should I do to change my EA from 4 digit for compatible ?

#106
Dec 18, 2009 10:26am Dec 18, 2009 10:26am

Abigail
| Joined Jul 2009 | Status: IBFX Representative | 38 Posts

Hey guys. Wanted to have you check out a new feature we've added to our Interbank FX performance page: the latest heat map, indicating what percentage of time a currency pair was at a specific spread for the past week. http://www.ibfx.com/dashboard/performance.aspx

Hope you find it helpful

.

Abigail~

#107
Jan 17, 2010 12:48pm Jan 17, 2010 12:48pm

Hyper
| Joined Dec 2008 | Status: Trader | 185 Posts

I'm quite certain now that Interbank FX has the units wrong for execution duration on their performance page. It should be seconds, not milliseconds.

Below are some of my execution statistics over the past week from a demo account at Interbank FX that was made by an Expert Advisor that I programmed.

The ping duration from my terminal to their server is 8ms, so to get Interbank FX's execution duration at their end, deduct 0.008 from the value that you see in the table below.

The average execution duration is 0.274s.

Interbank FX, please stop displaying false information on your web site.

Inserted Code

Time (UTC)              Symbol Open or close Buy or Sell Execution duration (s) Slippage (QCU)
2010-01-12 19:46:03.703 EURUSD open          0           0.282                  0             
2010-01-13 08:12:37.953 EURUSD open          0           0.36                   0.0001        
2010-01-13 12:08:03.937 EURUSD close         0           0.5                    0             
2010-01-13 12:08:18.671 EURUSD open          0           0.265                  0.0001        
2010-01-13 12:08:19.562 EURUSD close         0           0.406                  -0.0001       
2010-01-13 12:08:26.796 EURUSD open          0           0.281                  0             
2010-01-13 18:30:05.468 EURUSD close         0           0.375                  0             
2010-01-13 20:01:59.078 EURUSD open          0           0.5                    0             
2010-01-13 22:26:25.437 EURUSD close         0           0.313                  0.0001        
2010-01-13 23:15:42.390 EURUSD open          0           0.234                  0.0001        
2010-01-13 23:21:20.578 EURUSD close         0           0.282                  0             
2010-01-14 00:31:03.046 EURUSD open          0           0.343                  0.0005        
2010-01-14 12:29:15.296 EURUSD close         0           0.312                  0             
2010-01-14 13:30:56.156 EURUSD close         0           0.469                  0             
2010-01-14 13:31:00.390 EURUSD open          1           0.078                  0             
2010-01-14 13:31:01.328 EURUSD open          1           0.454                  0             
2010-01-14 13:31:12.593 EURUSD close         1           0.125                  0             
2010-01-14 13:31:13.515 EURUSD close         1           0.094                  0             
2010-01-14 13:31:32.968 EURUSD open          0           0.125                  0             
2010-01-14 13:31:38.703 EURUSD close         0           0.079                  0             
2010-01-14 13:39:45.046 EURUSD open          0           0.25                   0.0003        
2010-01-14 13:39:57.640 EURUSD open          0           0.266                  0.0003        
2010-01-14 15:08:21.281 EURUSD close         0           0.5                    0             
2010-01-14 15:08:22.453 EURUSD close         0           0.125                  0             
2010-01-14 16:07:28.109 EURUSD open          1           0.469                  0.0001        
2010-01-14 16:07:30.281 EURUSD open          1           0.11                   0.0001        
2010-01-14 16:07:36.015 EURUSD close         1           0.094                  0             
2010-01-14 16:07:41.687 EURUSD open          1           0.094                  0.0001        
2010-01-14 16:07:52.000 EURUSD close         1           0.109                  0.0001        
2010-01-14 16:08:02.171 EURUSD open          1           0.078                  0.0002        
2010-01-14 16:08:14.593 EURUSD close         1           0.094                  0             
2010-01-14 16:08:23.921 EURUSD close         1           0.297                  0             
2010-01-14 17:31:11.515 EURUSD open          0           0.25                   0.0001        
2010-01-14 17:46:25.890 EURUSD open          0           0.281                  0             
2010-01-14 22:12:42.296 EURUSD close         0           0.39                   0.0003        
2010-01-14 22:34:02.750 EURUSD open          0           0.312                  0.0001        
2010-01-15 00:33:59.296 EURUSD close         0           1.187                  0             
2010-01-15 01:55:05.937 EURUSD open          0           0.266                  0             
2010-01-15 03:41:56.515 EURUSD close         0           0.328                  0             
2010-01-15 05:03:14.750 EURUSD open          0           0.25                   -0.0001       
2010-01-15 05:56:39.328 EURUSD close         0           0.25                   0             
2010-01-15 05:56:49.171 EURUSD open          0           0.093                  0.0002        
2010-01-15 06:03:56.281 EURUSD close         0           0.219                  0             
2010-01-15 07:07:27.890 EURUSD close         0           0.297                  0             
2010-01-15 07:44:24.921 EURUSD open          0           0.234                  0             
2010-01-15 07:44:26.093 EURUSD open          0           0.094                  0.0001        
2010-01-15 08:01:12.703 EURUSD close         0           0.313                  0             
2010-01-15 08:01:13.875 EURUSD close         0           0.25                   0             
2010-01-15 08:01:15.046 EURUSD open          1           0.281                  0             
2010-01-15 08:01:16.218 EURUSD open          1           0.312                  0             
2010-01-15 08:01:17.515 EURUSD close         1           0.109                  0             
2010-01-15 08:01:18.562 EURUSD close         1           0.109                  0             
2010-01-15 09:04:02.750 EURUSD open          1           0.265                  0.0002        
2010-01-15 09:04:03.921 EURUSD open          1           0.125                  0             
2010-01-15 09:04:04.906 EURUSD close         1           0.078                  0             
2010-01-15 09:04:06.078 EURUSD close         1           0.11                   0.0001        
2010-01-15 10:00:25.875 EURUSD open          0           0.39                   0.0001        
2010-01-15 11:00:25.468 EURUSD open          0           0.312                  0             
2010-01-15 12:13:40.671 EURUSD close         0           0.5                    0             
2010-01-15 13:14:25.187 EURUSD open          0           0.281                  0             
2010-01-15 14:02:22.843 EURUSD close         0           0.265                  0             
2010-01-15 19:49:02.109 EURUSD open          0           0.485                  0             
                                                 Average 0.274177419            0.00005

#108
Jan 17, 2010 10:44pm Jan 17, 2010 10:44pm

MaXeY
Joined Mar 2006 | Status: Trader | 985 Posts

can i have this Indicator that show Executions

Quoting Hyper

Disliked

I'm quite certain now that Interbank FX has the units wrong for execution duration on their performance page. It should be seconds, not milliseconds.

Below are some of my execution statistics over the past week from a demo account at Interbank FX that was made by an Expert Advisor that I programmed.

The ping duration from my terminal to their server is 8ms, so to get Interbank FX's execution duration at their end, deduct 0.008 from the value that you see in the table below.

The average execution duration is 0.274s.

[b]Interbank FX, please...

Ignored

Charting Markets into the Future...MǎҖ€¥.

#109
Jan 18, 2010 2:03am Jan 18, 2010 2:03am

PipStar
| Joined Mar 2006 | Status: Trader | 752 Posts

Quoting MaXeY

Disliked

can i have this Indicator that show Executions

Ignored

I'm interested too

#110
Jan 18, 2010 2:49am Jan 18, 2010 2:49am

Chunnel
| Joined Dec 2009 | Status: Trader | 56 Posts

Quoting PipStar

Disliked

I'm interested too

Ignored

I would also like to see the indicator.
Thanks

#111
Jan 18, 2010 4:29am Jan 18, 2010 4:29am

Hyper
| Joined Dec 2008 | Status: Trader | 185 Posts

Here is the essential part of the code that sends the order and records execution statistics:

Inserted Code

   int orderStartPointInTime = GetTickCount();
   Print(StringConcatenate(GetUtcTimeString(), ",Sending order"));
   int ticket = OrderSend(symbol, orderType, tradeSize, openPrice, OpenSlipAllowedInPts, stopLossPrice, 0, OrderComment1, magicNumber, 0);
   double orderExecutionDurationInMs = GetTickCount() - orderStartPointInTime;
  
   if (ticket <= 0) {
      int errorCode = GetLastError();
      Print(StringConcatenate(GetUtcTimeString(), ",Error sending order. (" + errorCode + ": " + ErrorDescription(errorCode) + ")"));
      Print(StringConcatenate(GetUtcTimeString(), ",", symbol, ",", orderType, ",", tradeSize, ",", openPrice, ",", OpenSlipAllowedInPts, ",", stopLossPrice));
   } else {
      if (OrderSelect(ticket, SELECT_BY_TICKET)) {
         switch (orderType) {
            case OP_BUY: double slippageIncurred = OrderOpenPrice() - intendedPrice; string resultString = StringConcatenate(GetUtcTimeString(), ",buy,"); break;
            case OP_SELL: slippageIncurred = intendedPrice - OrderOpenPrice(); resultString = StringConcatenate(GetUtcTimeString(), ",sell,"); break;
         }
         resultString = StringConcatenate(resultString, DoubleToStr(orderExecutionDurationInMs / 1000, 2), "s,", DoubleToStr(intendedPrice, Digits), ",", DoubleToStr(openPrice, Digits), ",", DoubleToStr(OrderOpenPrice(), Digits));
         if (slippageIncurred != 0) resultString = StringConcatenate(resultString, ",", DoubleToStr(slippageIncurred * 10000, 1), "pips");
         Print(resultString);
         FileWrite(csvHandle, GetUtcTimeString(), symbol, "open", orderType, DoubleToStr(orderExecutionDurationInMs / 1000, 3), DoubleToStr(slippageIncurred, Digits));
         FileFlush(csvHandle);
      }
   }

You will need to modify it and add code elsewhere in your own Expert Advisor , e.g. to open a CSV file for writing.

#112
Jan 18, 2010 4:39am Jan 18, 2010 4:39am

Hyper
| Joined Dec 2008 | Status: Trader | 185 Posts

Attached is Interbank FX's execution duration column graph over the first week of January. How realistic is an execution duration of 868 microseconds, when the average that I got over the past week was 274 milliseconds (or if you account for ping duration, 266ms)?

Interbank FX are either mathematically incompetent (don't know the correct units of measurement to use) or are deceptive. Either one are undesirable. It has been this way since they first published performance statistics on their web site, which makes it even worse whichever of the two cases are true. To think that these guys are handling your money could be worrying.

Attached Image

#113
Jan 18, 2010 4:52am Jan 18, 2010 4:52am

Hyper
| Joined Dec 2008 | Status: Trader | 185 Posts

Everyone should be recording execution statistics by using code like what I posted above. Brokers make money from our ignorance e.g. by slipping our orders. If you don't record statistics then you would not know that your order was slipped and by how much.

So, we should all record statistics and share in this forum who the worst brokers are. Interbank FX are not bad with execution compared with other brokers. The main problem I raised here was not that their execution was bad, but that they show false information on their web site.

#114
Jan 18, 2010 4:56am Jan 18, 2010 4:56am

webforex
| Joined Sep 2008 | Status: Trader | 137 Posts

are you talking about false info on their website or false info on their MT4 trader ??

#115
Jan 18, 2010 5:09am Jan 18, 2010 5:09am

Hyper
| Joined Dec 2008 | Status: Trader | 185 Posts

I'm talking about this page: http://www.ibfx.com/Trade/Performance.aspx

#116
Jan 18, 2010 9:05am Jan 18, 2010 9:05am

hayseed
Joined Nov 2006 | Status: Trader | 4,416 Posts

hey hyper..... quite possibly i could be wrong here, if so, i applogize upfront......

i don't think the 2 tickcounts your using have anything to do with the order being sent between them....

so there is no way you could derive order execution time by knowing the time lapse between the 2 tickcounts.....

i'm not sure there is a way someone could accurately determine the execution time by using any function metatrader..... and as mentioned before, your definition of execution time might be different than ibfx's.......h

to trade and code, keep both simple... no call to impress....h

#117
Jan 18, 2010 9:32am Jan 18, 2010 9:32am

Hyper
| Joined Dec 2008 | Status: Trader | 185 Posts

hayseed, you are wrong, and I accept your apology. Read this: GetTickCount
It seems like a misnomer, as it has nothing to do with received data ticks from the MetaTrader server.
But when you see that there is a Windows function called GetTickCount that does the same thing, it's obvious that MetaQuotes simply reused the name, as the MQL GetTickCount() probably calls the Windows GetTickCount(): GetTickCount Function

#118
Jan 18, 2010 9:39am Jan 18, 2010 9:39am

hayseed
Joined Nov 2006 | Status: Trader | 4,416 Posts

hey hyper..... i'm aware of what gettickcount is......

what do you think the relationship of the time lapse between ticks has to do with your order.....

are you completely sure you understand the true purpose of GetTickCount()......h

to trade and code, keep both simple... no call to impress....h

#119
Jan 18, 2010 9:48am Jan 18, 2010 9:48am

magnumfreak
Joined Nov 2007 | Status: Trying manual mode again | 2,210 Posts

Quoting Hyper

Disliked

I'm quite certain now that Interbank FX has the units wrong for execution duration on their performance page. It should be seconds, not milliseconds.

Below are some of my execution statistics over the past week from a demo account at Interbank FX that was made by an Expert Advisor that I programmed.

The ping duration from my terminal to their server is 8ms, so to get Interbank FX's execution duration at their end, deduct 0.008 from the value that you see in the table below.

The average execution duration is 0.274s.

[b]Interbank FX, please...

Ignored

unless you compare to a live account your data is invalid as is your accusation.

#120
Jan 18, 2010 9:55am Jan 18, 2010 9:55am

Hyper
| Joined Dec 2008 | Status: Trader | 185 Posts

Quoting hayseed

Disliked

are you completely sure you understand the true purpose of GetTickCount()......h

Ignored

Yes, it is used as a timer.

It is NOT the time lapse between received data ticks. The word "tick" relates to CPU ticks of your terminal computer.

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