Dukascopy | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dukascopy Europe vs Dukascopy Bank SA 7 replies

DukasCopy question 68 replies

Swiss Law and Dukascopy.com/Finex.com 21 replies

Trading with Dukascopy 17 replies

Dukascopy Price Feed 4 replies

Attachments: Dukascopy
Exit Attachments

Dukascopy

  • #461
  • Oct 21, 2010 11:33am Oct 21, 2010 11:33am
Quoting Scotty2Cues
Hi,

Placed an order for GBP/USD before data release at 0830 London time today.

Was just before consumer spending release. Market was hovering around 1.58 and I place sell stop order at 1.5785 with slippage of 2 pips and 50 pip SL. Data came out and price sunk to 1.5766. Horror struck as I saw trade was in a loss and getting larger even though price below my order and so should be in profit. By the time I closed price was at 1.57925.

Contacted broker and they have changed it so I was filled at 1.5783 as the stop order changes to a limit order???...

Hey Scotty,

The problem with a sell/buy stop is that as soon as it’s triggered per price it turns into a market order and a market order during high volatility (a news event) is very risky.

I see you noted that your slippage control was set at two pips so by the shear definition of the “slippage control” your trade shouldn’t had happened and that’s why they gave you the slippage price.

Now with a limit or you are saying I what to sell at 1.5785 or anything below and the 2 pip slip doesn’t apply because it’s a limit order. You should know (by now) trading with an ECN during a news event is risky PERIOD.

With news events... If you're going to play you might just pay (the price).

Trade to trade well, no excuses.

JD
It's Easy To Get In;.. It's Hard To Get Out
  • #462
  • Edited 12:05pm Oct 21, 2010 11:48am | Edited 12:05pm
Quoting John D
I see you noted that your slippage control was set at two pips so by the shear definition of the “slippage control” your trade shouldn’t had happened and that’s why they gave you the slippage price.
Yeah so I shouldnt have been filled? I didnt know that stop orders turn into limit orders if they dont get filled. Is that true? If the screen showed me getting filled at 1.5783, I wouldnt have closed.

Thats the first and last time I trade the news...
  • #463
  • Oct 21, 2010 11:51am Oct 21, 2010 11:51am
If a dukas stop+slippage setting is anything like a stop-limit order like on other ecs, it shouldn't fill below limit-price, PERIOD. Its either faulty design or sloppy implementation. The way this works now makes the slippage setting basically useless for stop-orders.
  • #464
  • Oct 21, 2010 12:11pm Oct 21, 2010 12:11pm
Quoting Scotty2Cues
I didnt know that stop orders turn into limit orders if they dont get filled. Is that true?

Thats the first and last time I trade the news...

Don't know. Give your Dukas account manager a call, they're pretty good explaining it all.


JD
It's Easy To Get In;.. It's Hard To Get Out
  • #465
  • Oct 21, 2010 12:17pm Oct 21, 2010 12:17pm
Quoting John D
Don't know. Give your Dukas account manager a call, they're pretty good explaining it all.


JD
Of course. They saying they have changed it so I got filled after the stop order got turned into a limit order, I assume after price sunk to 1.57665.

They add their counterparties have compensated me
  • #466
  • Oct 21, 2010 2:07pm Oct 21, 2010 2:07pm
What you are trying to do is not gonna happen! From what I gather, your plan was to wait for a major news announcement and put a sell stop and a buy stop in and set slippage to 2 therefore getting instant profit? In theory not a bad idea but it just doesn't work that way.
  • #467
  • Oct 21, 2010 3:42pm Oct 21, 2010 3:42pm
Quoting mofuniverse
What you are trying to do is not gonna happen! From what I gather, your plan was to wait for a major news announcement and put a sell stop and a buy stop in and set slippage to 2 therefore getting instant profit? In theory not a bad idea but it just doesn't work that way.
thats not the issue and i didnt put a buy stop in
  • #468
  • Oct 22, 2010 3:50pm Oct 22, 2010 3:50pm
According to Dukas they will be implementing price step of 0.1 pip this weekend to the live trading platform.
  • #469
  • Oct 22, 2010 4:55pm Oct 22, 2010 4:55pm
Evening,

can anyone tell me if any of the dukas platforms (apart form MT4 beta) have the ability to click and drag the SL and TP lines once an order is triggered..

Many thanks

Grant
  • #470
  • Oct 22, 2010 6:52pm Oct 22, 2010 6:52pm
Quoting grant18265
Evening,

can anyone tell me if any of the dukas platforms (apart form MT4 beta) have the ability to click and drag the SL and TP lines once an order is triggered..

Many thanks

Grant
Hi,

Yes the JForex platform has those options.
  • #471
  • Oct 22, 2010 11:35pm Oct 22, 2010 11:35pm
Quoting fxtsun
Hi,

Yes the JForex platform has those options.

many thanks for the answer

Grant
  • #472
  • Oct 23, 2010 8:22am Oct 23, 2010 8:22am
Quoting grant18265
Evening,

can anyone tell me if any of the dukas platforms (apart form MT4 beta) have the ability to click and drag the SL and TP lines once an order is triggered..

Many thanks

Grant
yes, the jForex platform allows you to visually drag the sl/tp directly on the chart (tested on jForex Demo)

Edit: too slow
Patience is key.
  • #473
  • Oct 23, 2010 10:52am Oct 23, 2010 10:52am
the platform is too slow to login contrasted to other brokers.
  • #474
  • Oct 23, 2010 2:50pm Oct 23, 2010 2:50pm
Quoting kendi
the platform is too slow to login contrasted to other brokers.
Then why don't you use fxopen?

They're MT4, but use Dukas' feed.
  • #475
  • Oct 23, 2010 4:27pm Oct 23, 2010 4:27pm
Quoting qwertymyfx
Then why don't you use fxopen?
bcause commissions are much higher , idiot !
  • #476
  • Oct 24, 2010 1:09am Oct 24, 2010 1:09am
Quoting qwertymyfx
Then why don't you use fxopen?

They're MT4, but use Dukas' feed.

I sure someone must have already mentioned this but why don’t you use the FXOpen MT4 charts for your charting (if you need to) and place your trades through Dukas via the JForex plat?


JD
It's Easy To Get In;.. It's Hard To Get Out
  • #477
  • Oct 24, 2010 1:17am Oct 24, 2010 1:17am
Quoting dma
According to Dukas they will be implementing price step of 0.1 pip this weekend to the live trading platform.

Dear Client,

This weekend a platform upgrade will be rolled out. Main change will be the implementation of the decimal pricing starting with the market opening on Sunday 24 October 2010. With the change, the minimum price steps will be 0.1 pip instead of 0.5 pip.

FIX API users as well as clients using automated strategies may need to take this into account.

Best regards,
Dukascopy Bank SA.


Yea baby!
It's Easy To Get In;.. It's Hard To Get Out
  • #478
  • Oct 24, 2010 2:24am Oct 24, 2010 2:24am
Quoting John D
I sure someone must have already mentioned this but why don’t you use the FXOpen MT4 charts for your charting (if you need to) and place your trades through Dukas via the JForex plat?


JD
Ah does that mean the FXOPEN MT4 datafeed is the same as what is shown in the Jforex?

But is there a reason not to use the Dukas MT4 beta for charting rather than using FXOPEN MT4?
  • #479
  • Oct 24, 2010 8:41am Oct 24, 2010 8:41am
Quoting John D
I sure someone must have already mentioned this but why don’t you use the FXOpen MT4 charts for your charting (if you need to) and place your trades through Dukas via the JForex plat?


JD
I think what kendi is referring to about the login being slow is the security pin puzzle game on jforex.

it's a bit silly.

take tradestation for example. they know where you're logging in from and won't allow a different address access without verification. this is much more logical than denying access from a static address without the pin.
  • #480
  • Oct 24, 2010 8:51am Oct 24, 2010 8:51am
Quoting John D
I sure someone must have already mentioned this but why don’t you use the FXOpen MT4 charts for your charting (if you need to) and place your trades through Dukas via the JForex plat?


JD
Yeah sure, you could use fxopen for charting.
Enter Signature
5 traders viewing now