Is there enough liquidity to scalp 100 lots on 1 min chart? | Forex Factory

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Is there enough liquidity to scalp 100 lots on 1 min chart?

  • #1
  • First Post: Mar 26, 2010 4:19pm Mar 26, 2010 4:19pm
Hi,

Is there enough liquidity to scalp 100 lots on 1 min chart?

How fast can a buy or sell order of 100 lots be filled?
  • #2
  • Mar 26, 2010 9:27pm Mar 26, 2010 9:27pm
Quoting mindreality
Hi,

Is there enough liquidity to scalp 100 lots on 1 min chart?

How fast can a buy or sell order of 100 lots be filled?

depends on your ccy pair and depends on your broker.

private banking platforms will sometimes allow instant execution of 10mio, chf or usd (~100lots depending on base ccy)
  • #3
  • Mar 26, 2010 11:27pm Mar 26, 2010 11:27pm
Hi,

What if I am using Eur/Usd and STP Broker with Deutsche Bank as Liquidity Provider?
  • #4
  • Mar 27, 2010 12:22am Mar 27, 2010 12:22am
If you were trading just 10 lots you would know the answer to this question. Until 10... 100 is irrelevant.
  • #5
  • Mar 27, 2010 12:32am Mar 27, 2010 12:32am
Is there anyone who scalps 100 lots on the one minute chart? If so, which broker do you use?
  • #6
  • Mar 27, 2010 12:55am Mar 27, 2010 12:55am
I'm far from being there, but I've read from other fellow traders at Oanda (where maximum lot size per trade is 100 = $10M) that the execution time is about the same as on smaller positions (provided the connection status is fully green), either scalping manually or through automated API.

The maximum I've traded in the past was 25 lots on a MT4 platform, with no significant delay in execution compared to smaller sizes. However, I wouldn't recommend MT4 for extreme short term scalping as its delays are usually much greater and you might have requotes.
  • #7
  • Mar 27, 2010 3:05am Mar 27, 2010 3:05am
Quoting mindreality
Is there anyone who scalps 100 lots on the one minute chart? If so, which broker do you use?
I have been scalping using 200 lots daily on M1 chart. but...on a micro account
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #8
  • Mar 27, 2010 4:06am Mar 27, 2010 4:06am
Quoting mindreality
Hi,

Is there enough liquidity to scalp 100 lots on 1 min chart?

How fast can a buy or sell order of 100 lots be filled?
yes.

very.
Economists have forecast 9 out of the last 5 recessions
  • #9
  • Mar 27, 2010 6:38am Mar 27, 2010 6:38am
What if you have $ 10K account ,you opened a trade with 100 lots with no SL ,and suddenly the power went out from your router.
  • #10
  • Mar 27, 2010 7:08am Mar 27, 2010 7:08am
Quoting Brb-Fraudin
What if you have $ 10K account ,you opened a trade with 100 lots with no SL ,and suddenly the power went out from your router.
Why would you do that?
  • #11
  • Mar 27, 2010 9:08am Mar 27, 2010 9:08am
Quoting doblece
I'm far from being there, but I've read from other fellow traders at Oanda (where maximum lot size per trade is 100 = $10M) that the execution time is about the same as on smaller positions (provided the connection status is fully green), either scalping manually or through automated API.

The maximum I've traded in the past was 25 lots on a MT4 platform, with no significant delay in execution compared to smaller sizes. However, I wouldn't recommend MT4 for extreme short term scalping as its delays are usually much greater and you might have requotes....
What other platform would you recommend for extreme short term scalping? Can it be used on all brokers? Will it do fine with an MT4 bridge/converter for an EA?
  • #12
  • Mar 27, 2010 11:52am Mar 27, 2010 11:52am
Quoting Brb-Fraudin
What if you have $ 10K account ,you opened a trade with 100 lots with no SL ,and suddenly the power went out from your router.
No broker offers 1000:1 leverage...
  • #13
  • Mar 27, 2010 12:01pm Mar 27, 2010 12:01pm
Quoting mindreality
What other platform would you recommend for extreme short term scalping? Can it be used on all brokers? Will it do fine with an MT4 bridge/converter for an EA?
Not all brokers allow extreme scalping. In fact, very few of them do.

I haven't worked with other platforms on live accounts so I couldn't recommend any other by now. I never tried myself the bridge/converter option but you might ask on the programming forum as to its actual effectivity.
  • #14
  • Mar 27, 2010 1:13pm Mar 27, 2010 1:13pm
What if.... I had been born the son of Bill Gates and I wouldn't have to worry about this @#$@..

"What if"
  • #15
  • Mar 27, 2010 1:59pm Mar 27, 2010 1:59pm
Quoting doblece
Not all brokers allow extreme scalping. In fact, very few of them do.

I haven't worked with other platforms on live accounts so I couldn't recommend any other by now. I never tried myself the bridge/converter option but you might ask on the programming forum as to its actual effectivity.
So you have been using metatrader only all along to trade 25 lots right? Or did you use anything else?
  • #16
  • Mar 27, 2010 5:59pm Mar 27, 2010 5:59pm
Quoting Deusomega
What if.... I had been born the son of Bill Gates and I wouldn't have to worry about this @#$@..

"What if"
The best post on the thread.

Odds are you arent even close to trading 100 (standard lots, nano is another story altogether) so why even worry about the "what ifs"?

And, if in the SLIM chance you have the ability to trade 100 lots why on earth would you not be interviewing potential brokers yourself. Granted, youll have to take what they say with a grain of salt as well but I think the info would be much more reliable coming from them and not some anonymous person on a public forum that likely does not have the ability to trade 100 lots.
  • #17
  • Mar 27, 2010 11:51pm Mar 27, 2010 11:51pm
I have $100k to $200k USD real money which I can use to trade with.

With a margin of 1:100, I can trade 100 lots.

I have been scalping the 1 min chart successfully with 100 lots on demo.

I wonder if it would work on a live account.

It has already been working fine with 1 lot per trade on a live account, and I see people have been able to trade up to 20 lots. I am thinking of scaling up to 100 lots per trade.

I know that there are many scalpers around, and I am looking to see if there is someone who scalps on the one minute chart with 100 lots per trade, and whether the order can be successfully filled in reasonable timing for the scalping strategy to work.
  • #18
  • Mar 28, 2010 12:14am Mar 28, 2010 12:14am
Quoting mindreality
I have $100k to $200k USD real money which I can use to trade with.

With a margin of 1:100, I can trade 100 lots.

I have been scalping the 1 min chart successfully with 100 lots on demo.

I wonder if it would work on a live account.

It has already been working fine with 1 lot per trade on a live account, and I see people have been able to trade up to 20 lots. I am thinking of scaling up to 100 lots per trade.

I know that there are many scalpers around, and I am looking to see if there is someone who scalps on the one minute chart with 100...
OMG... Have you thought that you may lose all your money in 1 single trade?
Have you thought about comissions / spreads? Only for open a trade of 100 lots you are losing 5k.
Have you heard about slippage and SL hunting?

I hope that you don't really need that money for living or you're kidding us...
  • #19
  • Mar 28, 2010 12:30am Mar 28, 2010 12:30am
That $100k to $200k is only a portion of my fortune. I have more than that to live on.

Besides, I intend to start small and gradually increase my lots to 100 per trade. I would have to be doing fine with 30 lots before I even go to 100. I have already tested this system with spreads.

Each trade, I would only lose maximum up to $10k to $15k because of margin call. And I would already have exited with less than $3k or $1k loss if I need to. Each trade, I can potentially make between $1k to $10k, with extremely high chance of winning, so it is a winning system.

Of course I know about slippage, and I am just wondering if anyone has traded 100 lots on 1 min chart with success.

And Stop loss hunting is practically a myth:
http://ezinearticles.com/?Stop-Hunti...yth&id=3268961 Stop Hunting Forex Brokers Myth

And there is also no stop loss hunting when you are not trading against your broker, such as when using an ECN.
  • #20
  • Mar 28, 2010 2:06am Mar 28, 2010 2:06am
Indeed, only on MT4 by now.


Quoting mindreality
Each trade, I would only lose maximum up to $10k to $15k because of margin call.
... or you could be left with less that those amounts, depending on your broker's margin call policies (some cut at 100% margin left... others allow the margin left to go negative down to 10% for an initial partial call, closing all remaining losses at 5% margin left!

Although stop hunt might be a myth, there is the invariable wave-like behaviour of currency pairs. If you're scalping on a 1 minute chart with high leverage (taking full advantage of the 100:1 or even 50:1 if placing 100 lots on a $100K or $200K capital) you can't afford to let price go much distance against your entry, as the average scope is neither that much before a due retrace (unless on news spikes or exceptional moments). Additionally, you would need very low spreads, as on 100 lots you're already down at the entry those $1000 or $3000 where you eventually plan to exit...

And have a very fast finger besides the fast execution
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