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Scalper challenge

  • #41
  • Feb 9, 2011 2:20am Feb 9, 2011 2:20am
Quoting Ipndasno
not true, if you lose 100 pips with a 1 lot and at the end of the day you use a 10 lot to make 10pips to break even....

pips = money its the same thing. But one who focuses on the $ and not the pips will surely have a difficult time trading.

once you can make pips consistently, money follows.
What works for you to get money out of this market is ok. But all i say is pips are not money. It is in the approach. Traders who want to be successful should forget the pips. Btw i am not talking of getting 1 pip with all the leverage you can use. It is impossible here for me to show how to scalp. Anyways I am going back to stanby mode.

Keep up the good work,

Cheers
  • #42
  • Edited 3:09am Feb 9, 2011 2:25am | Edited 3:09am
Quoting Ipndasno
Alpari will requote or be a market maker until you have like 25k. something like that. I tested alpari and closed the account within a few weeks because of the requotes.

all the brokers I've tried are not scalp worthy besides Gomarkets, smarttradefx and dukascopy (Gomarkets: closed account because of CFTC regulations then, I started to test several mt4 brokers until I came across STFX.)

since I'm a scalper at heart, when I was searching for brokers, I was only interested in brokers with EU spread of LESS THAN 2 pips including commission, NON...
Yeah 2 pips hurts, im at 1.6 with Alpari and considering they are not super great thats quite a lot. So whats smarttradefx and dukascopys spread?

Quoting Ipndasno
the data feed is the same.
and 1 pip on EU plus commission is better than most brokers.
OK so 1 for them, thats good if they execute fast. Anyone else who has good experience of Dukascopy?
My signature is: "Classified".
  • #43
  • Feb 9, 2011 2:27am Feb 9, 2011 2:27am
Hey Cube, what broker do you use and do you ever get requoted and what are their spread?
My signature is: "Classified".
  • #44
  • Feb 9, 2011 3:28am Feb 9, 2011 3:28am
to me the most important thing is not to looks how many pips we can make a day,but to look that we dont loose money

like i got into usdjpy short.it went down in new york,i woke up later in sydney and its back up,well fak
im not doing any more long shorts like those
scalping for 3 pips on euro and waiting for a 50 pip in usdjpy
faken hell
im finished with long trades,nothing else than 1m eurusd im going to trade,cant concentrate on too many things
so its best if wwe dont go greedy thinking about the money
start small,then just keep adding trading sizes once u know the reason for the moves,and dont stop following ur rules,because that fuks u up,stick to one system,ironicly or a method,wateva u wanna call it,and deal with it
  • #45
  • Feb 9, 2011 4:00am Feb 9, 2011 4:00am
Quoting Ipndasno
Alpari will requote or be a market maker until you have like 25k. something like that. I tested alpari and closed the account within a few weeks because of the requotes.
Hi Ipndasno

Don't tell this bullsh*t here, please. If you put 25K at your real Alpari account Alpari will grasp it all the same. They are g*ngsters like FXCM but they don't make it so stupid.
  • #46
  • Feb 9, 2011 4:07am Feb 9, 2011 4:07am
Quoting yaed
Hey Cube, what broker do you use and do you ever get requoted and what are their spread?

I can only say sad affairs when I would saying anything about brokers. All are bad, no one is really excellent and I won't use adjective like "good" or "okay" by describing Broker's practice. Might be that Activtrades could be one of the less corrup ones even though they have their tricks to clean up some of your deposits. I have 5 different brokers at the time and I change every half year some of them. Oanda and Activtrades could be some of the uptown if trading Demo Accounts.

Kindest regards
FXcube
  • #47
  • Feb 9, 2011 4:11am Feb 9, 2011 4:11am
how about this
instead of going into a challenge we tweet all our live trades with exits,
we can do it really fast on tweet deck tool,adn view other traders live too
im downloading it now,and here it is
http://www.tweetdeck.com/desktop/#

ill be posting all my trades live tomor london and on friday

if u wan to see them adn share ur trades via twitter just follow me and ill follow u

http://twitter.com/#!/draganinfowars
  • #48
  • Feb 9, 2011 4:14am Feb 9, 2011 4:14am
oanda is the worst for scalpers
i tried to exit and the platoform disconnected
averyone with it says that theres about 8 disconnestions per day
man
for me its go and vantage fx,more vantagefx because go gomarkets has slower trades,requote on demo
  • #49
  • Feb 9, 2011 4:21am Feb 9, 2011 4:21am
Quoting dragan53
oanda is the worst for scalpers
i tried to exit and the platoform disconnected
averyone with it says that theres about 8 disconnestions per day
man
for me its go and vantage fx,more vantagefx because go gomarkets has slower trades,requote on demo
You must be joking, i trade with Oanda for 4 Month now and have hardly any disconnects, maybe 2-3 per month.

I think oanda is one of the best for scalping...
Never whishing, always trading.
  • #50
  • Feb 9, 2011 4:25am Feb 9, 2011 4:25am
well i got disconnected in demo
dont know,must be my internet connection
but other people complain too
  • #51
  • Edited 4:52am Feb 9, 2011 4:40am | Edited 4:52am
I take great heed to Cubes opinion because of track record, if you guys dont have any specific reason not to, so should you.

Ok people, brokers aside, lets just suppose we trade Alpari and one or more other if anyone wants that. The broker isnt even the important thing here, its the entry and exit and the logic behind it, and proving that we are trading, because i dont want to have to deal with anyone who cant show that. Now i dont mean everybody needs to be super profitable or anything, a loosing strategy can be reversed and there is often some grain of intelligent ideas in everything.

So just for convinience since i cant see much reason to do differently, ill use demo from Alpari. If anyone else wants to use them, we can use the same account. If other people want to use another broker you should come to terms which one together so there are at least 2+ people using the same account. Thats at least what i think we should do.

And then hwoever think Alpari is OK, at least for demo trades can trade the same account as me and we can allocate a day each to trade.

For an instance person A trades monday next week on Alpari account.
Person B trades tuesday next week on Alpari account
Percon C trades wednesday next week on Alpari account
Person D trades monday on Dukascopy account
Person E trades tuesday on Dukascopy account...

And so on, if we need 3 brokers we add
Person F trades monday on Oanda account
Person G trades tuesday on Oanda account

It can probably be a good thing also if not so many people trade each account, since it means increased chance that some lunatic might get a hold of login info and go bananas on the statistics.

And so on until we feel satisfied. To me it doesnt really matter that much which day of the week i trade, tuesdays are hardest, but i dont mind a challenge and besides last tuesday was my best day in pips ever so i shouldnt complain. So how about that, everyone think that seem reasonable?
My signature is: "Classified".
  • #52
  • Feb 9, 2011 6:38am Feb 9, 2011 6:38am
im not changin from vantage ,im tweeting on twittdeck

follow me
http://twitter.com/#!/draganinfowars

and ill follow u
  • #53
  • Feb 9, 2011 10:21am Feb 9, 2011 10:21am
Quoting Forexcube
Hi Ipndasno

Don't tell this bullsh*t here, please. If you put 25K at your real Alpari account Alpari will grasp it all the same. They are g*ngsters like FXCM but they don't make it so stupid.
lol
http://www.alpari.co.uk/en/trading_a...son_table.html

trading conditions are not good unless you are using their PRO account 20k.
difference is the instant=requotes vs. NDD = no dealing desk. Read their site.

yeah fxcm is shit in 2010 and beyond- I used to use them on their ECN micro accounts before they started to charge STD spreads and increased margin requirements.
  • #54
  • Feb 9, 2011 10:30am Feb 9, 2011 10:30am
Quoting yaed
Hi folks


Two things. Im tired of all the BS and i want to improve. Heres my idea: I open an Alpari demo account, and scalp that for a day, and post my statement for that day. If anyone is interested ill pass on the code and username for that account and that person can scalp it and post the statement. Now everybody into this will have the username and code for it, so everybody will be able to see precisely every trade done by the others.

What do i mean by "scalp"? Well a pretty general definition: short timeframe, relatively small TP and SL....
I haven't read the whole thread but do you understand what you're up against trying to 'scalp' ?
Do you understand the edge the spread gives your broker when applied to scalping ?
To scalp you really shouldn't place market orders or you'll be up against at least a 30% edge and I doubt you'll be able to overcome that.
I doubt there's a scalper alive that can win in the longrun using a live MT4 account. The operative word being 'longrun' (and 'live' of course).

I wish you the best but my best advice would be to ditch MT4 if you really want to scalp. Using a DOM is a must, and stop limits imo....
He was looking for the card so high and wild hed never need to deal another
  • #55
  • Feb 9, 2011 11:01am Feb 9, 2011 11:01am
spreads on EU:

STFX- average 1.8-2.0 - no commission with $5k accounts
Duka- average 1.0 + commission
vantage- average 1.7 no commission
Go - 1.5-1.8 no commission

Dukascopy now offers Metatrader through http://fairtradingtechnology.com/
I'm demoing now- They also have a trading contest.
  • #56
  • Feb 9, 2011 11:03am Feb 9, 2011 11:03am
Quoting Ipndasno
spreads on EU:

STFX- average 1.8-2.0 - no commission with $5k accounts
Duka- average 1.0 + commission
vantage- average 1.7 no commission
Go - 1.5-1.8 no commission

Dukascopy now offers Metatrader through http://fairtradingtechnology.com/
I'm demoing now- They also have a trading contest.
Oanda 0.9 - 1.2 - no commission
Never whishing, always trading.
  • #57
  • Feb 9, 2011 11:07am Feb 9, 2011 11:07am
Quoting dr_who
I doubt there's a scalper alive that can win in the longrun using a live MT4 account. The operative word being 'longrun' (and 'live' of course).

.
I use both Dukascopy Jforex and STFX Mt4 for scalping-short term trading on LIVE accounts.

Long run - currently 8 Months full time. It's not that long, but it is long enough to display consistency and that scalping can be done

I don't see any problem scalping for years to come.
- Limited market exposure
- Price action only- no indicators
- earn money through Rebates =)


Scalping just has a Bad reputation
  • #58
  • Feb 9, 2011 12:32pm Feb 9, 2011 12:32pm
dukascopy lol,i wouldnt trust those guys they are liers
beljevina asked them a questing about volume,they lied about it
i dont think thats the first thing they lied about
and the one pip spread thats if u have like 10k deposited
and gomarkets doesnt have smaller spread than vantage its pretty much the same
its usually around 1.5 not 1.7
for high volume traders the best scalp broker is mb 1/10 a pip ,now who can beat that no one,with $3 commission on 100k lot
ecn
  • #59
  • Feb 9, 2011 12:49pm Feb 9, 2011 12:49pm
Quoting dragan53
dukascopy lol,i wouldnt trust those guys they are liers
beljevina asked them a questing about volume,they lied about it
i dont think thats the first thing they lied about
and the one pip spread thats if u have like 10k deposited
and gomarkets doesnt have smaller spread than vantage its pretty much the same
its usually around 1.5 not 1.7
for high volume traders the best scalp broker is mb 1/10 a pip ,now who can beat that no one,with $3 commission on 100k lot
ecn
dude.. MB sucks. 3$ per 100k... do you have any idea how badly you are getting raped?? I bet you don't.

Furthermore, scalping in general is IMHO a shit strategy unless you can get some insanely tight pricing, like .4-.6 pip on EU with under 15$ per million on CNX or another trusted institutional platform, this means you need a good tier 2 prime broker. I went through my scalping phase until I realized. But hey, to each there own....
  • #60
  • Feb 9, 2011 1:31pm Feb 9, 2011 1:31pm
Quoting Monroe
dude.. MB sucks. 3$ per 100k... do you have any idea how badly you are getting raped?? I bet you don't.
If you take market prices anywhere you're getting raped.
Since MBT started 'pay for limits' I haven't paid any commission and have ended each day with a credit rather than a debit.
He was looking for the card so high and wild hed never need to deal another
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