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Dukascopy Live Account - Don't Post if you haven't traded live with them!

  • #101
  • Oct 8, 2010 4:22am Oct 8, 2010 4:22am
Quoting dma
I thought that is what is confusing you.

This is just how they do it, every day at 21/22 GMT they make your daily statement and all your open positions are shown as if they are closed at the time the calculation is made.
So if at 21/22 gmt you have an open position that has unrealized loss it will be shown at your statement as a daily loss.
But the next day, or as soon as you notice they have done the settlement, check you portfolio statement again and it will be showing you the extra profit, which will balance out the yesterday's loss and will...
Thanks for explaining that for me, that really helped! I have to admit, still a little confusing though as they deduct these unrealized losses from your balance on the portfolio and it seems you can blow up your account without realizing it.

Example, I have an open position for 5 days and the first day it is down 100 pips. Next four days, the pair remains the same, but it sounds like Dukas will record it after 5 days as a 500 pip loss and make your balance reflect that. Did I get that right?

What I am trying to get as, "where" would my real balance be, because on the portfolio statement, they deduct the swaps and commission, so those are real deductions off your balance.
  • #102
  • Oct 8, 2010 9:11am Oct 8, 2010 9:11am
Well I myself do not hold a position that long, so I can not offer you a first hand experience.

But for your example above your portfolio statement would be showing a loss just the first day, and after that since the price stayed the same, your balance would reflect just the swap charges.

The easiest way for you to monitor you balance changes is to have a look on the bottom left corner of your jforex screen where it says equity.

That figure is not 100% because it is not updated in the real time, there is (I do not for sure) a certain delay, but at least for me a meaningless one.
  • #103
  • Oct 8, 2010 10:53am Oct 8, 2010 10:53am
Quoting dma
Well I myself do not hold a position that long, so I can not offer you a first hand experience.

But for your example above your portfolio statement would be showing a loss just the first day, and after that since the price stayed the same, your balance would reflect just the swap charges.

The easiest way for you to monitor you balance changes is to have a look on the bottom left corner of your jforex screen where it says equity.

That figure is not 100% because it is not updated in the real time, there is (I do not for sure) a certain delay, but...
That makes sense to me. They can't just total the same pair everyday and close it out. I will just trade away and look at the portfolio statement at the end just to make sure. Thanks for clarifying this for me as I got confused about it all and it took away my fun to trade.
  • #104
  • Oct 10, 2010 2:25pm Oct 10, 2010 2:25pm
I have been trading with dukascopy live for few months now, with great success.

Only trade euro/dollar, for 15 pips per day.
  • #105
  • Oct 13, 2010 2:52pm Oct 13, 2010 2:52pm
Hi
I'm still at the demoing stage but was thinking of going with Dukascopy as to be honest they seem to have the best reviews on the internet of all the brokers that I have been looking at, they are the one crowd i've heard very little negative about. There seems to be a lot of forms to fill out to get started, I was just wondering if when you want to draw some of your funds down, can you do this through them over the internet (bit like paypal) easily and quickly, just asking as i saw a withrawel form that looked like it had to be filled out, signed and probably posted to switzerland, a bit of a laborious process? if anyone knows how they do it, would apreciate knowing, thanks.
  • #106
  • Oct 13, 2010 3:44pm Oct 13, 2010 3:44pm
If you are in the US, is it true that you can no longer trade with dukas or any non-US bank after July 2011?

In any case, why would anyone not go with MIG who offer 1:500, is a regulated bank and a min deposit of 2000 USD is beyond me.
  • #107
  • Oct 14, 2010 10:25am Oct 14, 2010 10:25am
Quoting rlforex
Hi
I'm still at the demoing stage but was thinking of going with Dukascopy as to be honest they seem to have the best reviews on the internet of all the brokers that I have been looking at, they are the one crowd i've heard very little negative about....
For withdrawal all you do need to is fill withdrawal form, sign it and email a scanned copy. They will wire the funds next day.

That is how it worked for me.
  • #108
  • Nov 1, 2010 9:53pm Nov 1, 2010 9:53pm
Can this be done in JForex? Just using the web platform at the moment.

eg:
EUR/USD

(If EUR/USD=1.3800 buy 10k and (if EUR/USD=1.3820 sell or if EUR/USD=1.3790 sell))

what I was getting at is that the equation only gets sold either at profit or loss based on if a buy of that equation is first initiated?

Just trying to figure out if I can run multiple equations like that, that are not dependent on each other, but just dependent within themselves based on if a buy is initiated within each equation or not.
  • #109
  • Edited 11:21am Nov 2, 2010 10:48am | Edited 11:21am
Quoting klrman
(If EUR/USD=1.3800 buy 10k and (if EUR/USD=1.3820 sell or if EUR/USD=1.3790 sell))
What do you exactly mean by "can this be done"? Through an automated strategy or manually? This is either a stop-buy (@1.38, if price currently below) or a limit-buy (@1.38, if price currently above) order with attached take-profit (@1.3820) and stop-loss (@1.3790). So yes, it can be done both ways.
  • #110
  • Nov 7, 2010 12:21pm Nov 7, 2010 12:21pm
Quoting magnumfreak
I have been with them for over a year. I also have some friends who have accounts with them. I haven't noticed and issues with liquidity or order fills whether market or limit orders. I have seen orders get filled immediately up to about 100 standard lots on EU.

I have heard that there is better execution with VIP accounts than with standard retail accounts but I do not have any evidence to support this statement. This is just what I have heard.

Withdrawals are pretty quick and are usually completed with about 48 hours.

Overall, I have no...

Hi magnumfreak, after filled the form and approve by dukascopy how would you withdraw or transfer fund by "bank transfer" or pay/furnishing your account with Visa/Paypal? and they transfer though your visa card? Thx in advance awaiting forward!
  • #111
  • Nov 13, 2010 7:55am Nov 13, 2010 7:55am
Any updates on Dukascopy after they got the Bank license? Is it now a better ECN after they got the license?

By the way, has anybody used Dukascopy for quantitative trading?

Thanks for the inputs. Much appreciated.
  • #112
  • Jul 16, 2012 6:02am Jul 16, 2012 6:02am
Quoting rooicol
Do you think it would be worth while creating a new FF thread for jforex users to share .jfx files? I only have one to contribute my self but so far i haven't found any place sharing/discussing .jfx files and jforex.
Hi, is this idea still valid?
Skype: tlcodelearncircle
  • #113
  • Jun 26, 2014 10:48am Jun 26, 2014 10:48am
Hi!

Does anybody here know of a Gartley patterns indicator for JForex?

Thanks
Best Regards!
  • #114
  • Aug 13, 2014 4:11pm Aug 13, 2014 4:11pm
Evrybody is just looking for low spreads and low commisions...

nobody is asking for fund security... regulations, etc... the most important things.

I'm opening an account just to check it out... but I guess I've already found my broker for life. Interactive Brokers.
  • #115
  • Aug 13, 2014 5:02pm Aug 13, 2014 5:02pm
Quoting Siya
Evrybody is just looking for low spreads and low commisions... nobody is asking for fund security... regulations, etc... the most important things.
Because nobody needs that. Most of the "traders" not reaching level where they need to care about security and regulations.
  • #116
  • Edited 1:49pm Jan 26, 2016 1:29pm | Edited 1:49pm
Quoting Siya
Evrybody is just looking for low spreads and low commisions... nobody is asking for fund security... regulations, etc... the most important things. I'm opening an account just to check it out... but I guess I've already found my broker for life. Interactive Brokers.
Interactive Brokers can and LMAX do not pass ASIC regulations. Those two were my top choice for broker, but impossible to sign up in AU.

Duka was my third choice. I have had no problems.
  • #117
  • Feb 2, 2016 9:28am Feb 2, 2016 9:28am
Hi all,
I have been quiet on this form for many years now, it helped me a lot so it is about time that I started posting...
Have been trading with Dukascopy for over 3 years and while they are not perfect - platform freezing and spread changes during news being my biggest pet peeves (but this seems to be standard with all brokers), they are probably still one of the better ones out there.
Their commissions are quite steep for small accounts and they charge for withdrawals. Those get processed within a couple of days.
The demo platform is good for 2 weeks only but Jforex is quite excellent.
  • #118
  • Last Post: Apr 15, 2016 2:28pm Apr 15, 2016 2:28pm
Interested - http://protrader.org/brokers
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