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  • #841
  • Feb 6, 2011 4:48am Feb 6, 2011 4:48am
Quoting foracy
Maybe it is time for a different hobby!! Or some rehab may be an option
It is just a theory. If you don't like it, don't read it. Don't spoil my joy.
  • #842
  • Feb 6, 2011 4:55am Feb 6, 2011 4:55am
Let's estimate the number of accounts at Dukascopy. I think it is about 19,000. I based my estimates on IB and Tradestation data. Both these brokers are public companies and their headcount and number of accounts data are easily available.

So, Dukascopy has not more than 19,000 clients.Probably less beacuse they are smaller than IB an TS so their operations are less automated therefore one employee can handle less accounts, and their salesmen call you at least 3 times during an account set up procedure so they have lots of time (compared to other brokers).
Attached Image (click to enlarge)
Click to Enlarge Name: Duka number of accounts.jpg Size: 28 KB
  • #843
  • Edited 5:25am Feb 6, 2011 5:06am | Edited 5:25am
a restraining order would be a good idea

reading your stuff explains why 95% + lose in forex.
  • #844
  • Feb 6, 2011 5:33am Feb 6, 2011 5:33am
Quoting foracy
reading your stuff explains why 95% + lose in forex.
Trust me, you still have no idea what I am aiming for.

But, hey! - if you feel insulted by the 'borderline iQ' comment, please accept my sincere apologies. In no way did I want to imply that people without college are morons.
  • #845
  • Feb 7, 2011 6:14am Feb 7, 2011 6:14am
Quoting Karl_Vosp
Trust me, you still have no idea what I am aiming for.

But, hey! - if you feel insulted by the 'borderline iQ' comment, please accept my sincere apologies. In no way did I want to imply that people without college are morons.
if education leads to the ability of analysing like the way you have shown here on this thread, I would rather be a moron.

It takes more than clicking buttons on websites dude. I suggest you actually read the maths books
  • #846
  • Feb 7, 2011 6:22am Feb 7, 2011 6:22am
Hello everyone
I have a question for those of you trading with Dukascopy,

a few day ago, still autotesting on JForex demo, my strategy ended up turning a profitable position into a looser. What happened was that when I sent the position closure request they were in profit but when it actually closed them the profit was gone

So it is happening something that I have never seen in any other broker,
it takes too much time to close my positions.
I had 4 positions, it closed 3 of them almost at the price I requested and the 4th one (on EUR/USD btw) at much different price.

And again my opinion is that it take too much time both on JForex and MT4 to process the requests


Any Idea why is that happening?
Is it because Ducas are using the liquidity of the internal marketplace to close my positions?
Do instant execution possibility exists with Ducascopy?
  • #847
  • Feb 7, 2011 7:05am Feb 7, 2011 7:05am
Quoting realdrago
Hello everyone
I have a question for those of you trading with Dukascopy,

a few day ago, still autotesting on JForex demo, my strategy ended up turning a profitable position into a looser. What happened was that when I sent the position closure request they were in profit but when it actually closed them the profit was gone

So it is happening something that I have never seen in any other broker,
it takes too much time to close my positions.
I had 4 positions, it closed 3 of them almost at the price I requested and the 4th one (on EUR/USD btw)...
I suggest you measure the time (and slippage) between submitting an order and time of executing to see if there are any network latencies or anomalies. This is quite easy to do in jForex. Worth to keep track of this so you get a feel for it.

Also it depends what type of order you use. If you set a TP on an order, if I have to believe the documentation that is supposed to be a limit order and there for should have no difference what so ever (compared to your given price).

I only started using Duka and haven't had this problem as of yet(limited amount of orders though). Do get slippage of up to 1 pip (normally much lower though) using the standard order submission.

I am not sure how much difference you are talking about.
  • #848
  • Feb 7, 2011 11:42pm Feb 7, 2011 11:42pm
Quoting Dukascopy
Hello,

What do you not understand and I will be happy to explain.

Thanks
Dukascopy Bank SA
Dear Dukascopy,

I'm guessing you are an employee of Dukascopy Bank SA as in a prior post you stated you are a representative, if so what is your title please?

If in fact you are an employee or a primary, question if you don’t mind.

Will Dukascopy Bank SA be considered a Futures Commission Merchant (FCM) in the eyes of the U.S. Commodity Futures Trading Commission (CFTC) after the July 2011 deadline?

JD
It's Easy To Get In;.. It's Hard To Get Out
  • #849
  • Feb 8, 2011 7:59am Feb 8, 2011 7:59am
Have any of you used their Bank Guarantee option as trading?

They went so far to tell me that I can keep my money in my own bank account in my own country with a 20% deposit with them.

Has anyone done this with Dukas?
  • #850
  • Feb 8, 2011 8:08am Feb 8, 2011 8:08am
Quoting fly22
Have any of you used their Bank Guarantee option as trading?

They went so far to tell me that I can keep my money in my own bank account in my own country with a 20% deposit with them.

Has anyone done this with Dukas?
Maybe you thing "custodian banking service" but money must be in Switzerland bank which you choose, and only for acc above $250 000,- .
http://www.dukascopy.com/swiss/english/forex/custodian/
  • #851
  • Feb 8, 2011 9:50am Feb 8, 2011 9:50am
Quoting realdrago
Hello everyone
I have a question for those of you trading with Dukascopy,

a few day ago, still autotesting on JForex demo, my strategy ended up turning a profitable position into a looser. What happened was that when I sent the position closure request they were in profit but when it actually closed them the profit was gone

So it is happening something that I have never seen in any other broker,
it takes too much time to close my positions.
I had 4 positions, it closed 3 of them almost at the price I requested and the 4th one (on EUR/USD btw)...
Look at my previous entry,
same problem

However, it was not a live account, so I don't know how those guys are doing.
I found a penny today. That's +100 pips for me.
  • #852
  • Edited Feb 9, 2011 1:10am Feb 8, 2011 10:09am | Edited Feb 9, 2011 1:10am
Quoting Deathless
1. Why Dukascopy is not in any profitable/non-profitable traders stats??

2. I watched at "trader of the year" video and I asking question - You do not have better trader than 110%? What are the criteria according to choose "Trader of the year"?
1. These stats are useless. First, because each brokerage uses different internal accounting methods to establish their totals. (and Oanda is using a very different accounting method. It's completely illogical to believe that their percentages would be skewed so far from the mean because they actually have more winning traders) Second, these totals don't break out PAMM accounts or include institutional clients, so the total accounts are not representative.

2. They choose the winner on highest earnings versus highest percentage. It's easy to make 300-400% on a small account. (as a few of the Monthly winners made if you check the stats) If this guy had the largest return last year at Dukas at 110%, hats off to him.

.
  • #853
  • Feb 8, 2011 10:12am Feb 8, 2011 10:12am
Fudomyo,

You are quite right. But...

1 It is hard to believe this would be done by someone who has another job and is not a full time trader.
2 In the video he didn't sound like a very experienced trader. Therefor unlikely he would have an account size that big. I am sure some hardened pro would win this competition or some clever algo trader.
  • #854
  • Feb 8, 2011 10:46am Feb 8, 2011 10:46am
Quoting Fudomyo
I don' know anything about the Yearly winner personally, but if it were me, I'd be pokerfaced too. The easiest way to disarm inquiry is by feigning ignorance.
Good story but you are missing the point.
Lets say he has an account of 250K and had 110% return. You would not be that surprised you won. Why not. Because you wouldn't be able to do it without lots and lots of practice. In other words there would be a build up, you would also not start with 250k. You also wouldn't say something like oh I am a serious trader now, I am on the same level as the people here. You would already know that.

I think that dukascopy is wanting to attract the starting trader by showing joe blogs. However this would not fit in their "open" policy so I am rather confused
  • #855
  • Feb 8, 2011 11:23am Feb 8, 2011 11:23am
anyone trading live with dukascopy could you please give some info on the spreads?

i just opened a demo account and it looks terrible for an ecn account. spread for eur/usd ranges 1.0-1.3 most of the time

is the demo spread the same as in live environment? also do retail accounts and standard accounts get the same feeds?

thanks
  • #856
  • Feb 8, 2011 11:38am Feb 8, 2011 11:38am
I didn't see any posts regarding the mt4 bridge for dukascopy clients offered by http://fairtradingtechnology.com/

I just received an email today and i am in the process of going forward.

anyone currently using this MT4 bridge with Dukascopy on LIVE?
  • #857
  • Feb 8, 2011 12:01pm Feb 8, 2011 12:01pm
Quoting Ipndasno
I didn't see any posts regarding the mt4 bridge for dukascopy clients offered by http://fairtradingtechnology.com/

I just received an email today and i am in the process of going forward.

anyone currently using this MT4 bridge with Dukascopy on LIVE?
I'm processing the APP now. It looks like a 2 week wait for the connection bridge and another small commission to use Mt4. hmmm
  • #858
  • Feb 8, 2011 4:33pm Feb 8, 2011 4:33pm
Quoting richy
i just opened a demo account and it looks terrible for an ecn
Yeah spread is pretty bad - most of the time above 1 pip on EU. Live even worse than on demo. That is, I personally have observed differences between both, with live being worse than demo, though not much..
  • #859
  • Feb 8, 2011 5:01pm Feb 8, 2011 5:01pm
Quoting Deathless
Maybe you thing "custodian banking service" but money must be in Switzerland bank which you choose, and only for acc above $250 000,- .
http://www.dukascopy.com/swiss/english/forex/custodian/

Thats not what they told me on the phone. They said I could have it in my personal bank in Australia. Perhaps they cater to you if you have a little more dinero.
  • #860
  • Feb 8, 2011 5:08pm Feb 8, 2011 5:08pm
Quoting m.m.m.
Yeah spread is pretty bad - most of the time above 1 pip on EU. Live even worse than on demo. That is, I personally have observed differences between both, with live being worse than demo, though not much..
the data feed is the same.
and 1 pip on EU plus commission is better than most brokers.
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