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Quoting foracy
I use a VPS with a good connection. It ranges between 200 and 1000 ms between order submission and order execution. Sometimes it takes over 2 seconds but this is very rare. Mostly around 500 ms.
Rundtrip is 1 second on average (price needs 500ms to come to you and 500ms to execute your order). From my logic using market orders to go long with price having a bias to go long the 1 sec lag will get you a lot of negative fills. I would say that this is the reason you get mostly negative fills but I can't be sure 100%.

For comparison I have a ~30ms lag. I don't know what's your ping to IB server but it would be a good comparison if you could post the ping and ammount of negative, positive slippage for IB and dukascopy.

Hope my reasoning helped.
Quoting Rikers
Rundtrip is 1 second on average (price needs 500ms to come to you and 500ms to execute your order). From my logic using market orders to go long with price having a bias to go long the 1 sec lag will get you a lot of negative fills. I would say that this is the reason you get mostly negative fills but I can't be sure 100%.

For comparison I have a ~30ms lag. I don't know what's your ping to IB server but it would be a good comparison if you could post the ping and ammount of negative, positive slippage for IB and dukascopy.

Hope my reasoning helped....
Rikers thanks for your response.

I haven't got all the numbers at hand here but it doesn't take 500 ms for pricefeed to deliver the data. That will be more like a factor 10 lower. My measurement of lets say 500 ms is measured from order submission => processing at dukas side (what I reckon takes most time) and confirming execution. Sometimes it takes only 200 ms so it is not the network.

Anyway Interactive brokers technical figures are worse so I do not believe this is the cause. I have 3 theories on the moment.

1 Most of my orders on the moment are small <50000 and because I believe they are internally processing them and they use a safety net. Maybe for larger orders they go straight through to the market place. I 'll have to try that and see if the figures get better. (I don't mind they use bucketshop techniques for small orders as the money market won't take them , I would like to know what the minimum is for STP)
2 On the moment I am using Market Orders (via api) but yet there is a slippage parameter(as in jForex). Are they really market orders or limit orders? I read somewhere that the only way to catch market orders is to use offer/bid side orders (limit). So in another words there is no support for real market orders.Market orders go straight to the top of the order book and catch other market orders and that is what I want.
3 We are getting ripped off (-:
Quoting foracy
...
tnx for response....

you got one thing off... market orders don't go to the order book (bid/offer go), I wouldn't bet on often catching other market orders without collocating your server near dukascopy server. The second point is off. The market orders and bid/offer all work as they should.

STP is for 100k orders+, smaller orders are captured by small number of liquidity providers or aggregated before sending them to other providers (this is from my ac. manager)
Quoting Rikers
tnx for response....

you got one thing off... market orders don't go to the order book (bid/offer go), I wouldn't bet on often catching other market orders without collocating your server near dukascopy server. The second point is off. The market orders and bid/offer all work as they should.

STP is for 100k orders+, smaller orders are captured by small number of liquidity providers or aggregated before sending them to other providers (this is from my ac. manager)
Thanks,

You are right my wording on the market order is not correct however I did mean the same. (meaning it will match a bid or ask on top)

I disagree with catching market orders as I used to get a more balanced slippage when using IB. Even from a pure chance point of view you will catch some positive slips. Don't get me wrong I expect negative slippage especially when market is trending but just not all the time (-:

How do you explain the market order and you can still set a slippage parameter. Isn't this a limit order?

Your last point is very interesting. This process/aggregation could cost some time and therfor increase slippage. They would use some type of algo doing this and therefor a market order is not a market order anymore as their algo will try to make as many orders occur to increase comission. I am sure their algo will try to recapture losses made at any point. If this is true I should see more positive slippage on 100k+ orders.
Quoting foracy
How do you explain the market order and you can still set a slippage parameter. Isn't this a limit order?
Depends at the semantic. I prefer it this way since you don't need to think about price like in the limit order plus you've get the benefit of the slippage. Generally I don't like market orders since they leave you exposed to much on market especially no slippage one.

Anyhow, as long it works...
Quoting foracy
Rikers thanks for your response.

I haven't got all the numbers at hand here but it doesn't take 500 ms for pricefeed to deliver the data. That will be more like a factor 10 lower. My measurement of lets say 500 ms is measured from order submission => processing at dukas side (what I reckon takes most time) and confirming execution. Sometimes it takes only 200 ms so it is not the network.

Anyway Interactive brokers technical figures are worse so I do not believe this is the cause. I have 3 theories on the moment.

1 Most of my orders on the...
they stated that in the contract btw , when they convert to DD on small orders
Quoting seawinde
they stated that in the contract btw , when they convert to DD on small orders
This would be more than fair. I should see less slippage when I increase size. I am not convinced this is going to happen but I 'll wait and see
Quoting Karl_Vosp
I will be visiting Switzerland in a few weeks. Is it possible to fund my account held in Dukascopy by paying in cash? Does Dukascopy have a cashier desk at which I can pay in some money?
Dukascopy Bank SA does not have a cashier desk at the moment and consequently only accepts wire transfers, bank guarantees and deposits with Partner custodian banks. As far as cash is concerned, deposits might be possible with Partner custodian banks.

Best Regards
Dukascopy Bank SA
Quoting foracy
Rikers thanks for your response.

I haven't got all the numbers at hand here but it doesn't take 500 ms for pricefeed to deliver the data. That will be more like a factor 10 lower. My measurement of lets say 500 ms is measured from order submission => processing at dukas side (what I reckon takes most time) and confirming execution. Sometimes it takes only 200 ms so it is not the network.

Anyway Interactive brokers technical figures are worse so I do not believe this is the cause. I have 3 theories on the moment.

1 Most of my orders on the...
it may really be your latency. i am located in austria, so geographically very close to the dukascopy servers. ping times to the live server are ~35ms. i trade small positions atm (~10k units) and i get slipped very rarely. max slippage i experienced is about 1.5 pips in the less liquid pairs and 1 in the majors. i have not timed the complete round trip time (with processing time included). personally i am very satisfied with the execution speed
Patience is key.
Quoting Dukascopy
Dukascopy Bank SA does not have a cashier desk at the moment and consequently only accepts wire transfers, bank guarantees and deposits with Partner custodian banks. As far as cash is concerned, deposits might be possible with Partner custodian banks.
Thanks
Quoting Scotty2Cues
thx,

when i place a buy limit order say, i have the option of TP which I would like to do if I go out. But I need the condition that the TP is only executed after my buy limit is activated

Say price is at 1.50 an I place buy limit at 1.00 and TP at 2.00 and I have to leave my computer. If price reaches 2.00 before it reaches 1.00 then my "TP" order is activated and I obv dont want my TP order activated first.

My IA has a program but think they require my Login to code it. Is it safe to give them my login?
This is the standard functionality - when you are placing entry order you can link to this order take profit and/or stop loss order which will become active only after execution of the entry order.
If the take profit order is linked to entry limit, such order will be displayed on the platform as IFD TP (if done take profit order).
Please find in the attachment two illustrations.

Best Regards
Dukascopy Bank SA
Attached Image (click to enlarge)
Click to Enlarge Name: How it is dispayed.JPG Size: 21 KB
Attached Image
Quoting John D
Wow that’s profound! Your first comment on FF and you’re backing an organization you know nothing of. Hmm… But, you’ve been trading from the age of 18 and you’re 25. Thank you for your wisdom.

Guess it’s time for another ad from the Dukascopy.

Where are you Dukas? How about answering some past informative questions, Dukas?

JD
my age is almost 27 and not 25 . do u want microscopic glasses ?

i'm here and ready for your question . remove bad nose glasses ! and replace with microscopic kind .
Hello. Anyone here using Introducing agent? Spread will be the same as on acc without IA? And anyone using molecule6? paying as they promissed (45%)? thanx
Uh Oh!!! Forex Magnates

I closed my account with CitiFx to go with Dukascopy... Hopefully we'll get an official statement telling their plans for existing US clients!!
Quoting Scotty2Cues
thx,

when i place a buy limit order say, i have the option of TP which I would like to do if I go out. But I need the condition that the TP is only executed after my buy limit is activated

Say price is at 1.50 an I place buy limit at 1.00 and TP at 2.00 and I have to leave my computer. If price reaches 2.00 before it reaches 1.00 then my "TP" order is activated and I obv dont want my TP order activated first.

My IA has a program but think they require my Login to code it. Is it safe to give them my login?
why don't you just use a buystop order?
I think that would solve your problem
Bulls are stupid Animals!especially when Im short!
been with dukas for a while now, can say that they are safe and almost 99% clean, issues do get responded to quickly and support level is strong.

if you got serious account and want good execution try dukas.
I'm only demoing with them and have to say that their customer support impressively responsive and attentive
Have using dukascopy for a while. They are very good till now.
dukacopy is a great broker, shame they don't offer mt4.

but they supply fxopen with their feed so you can use their mt4.
Quoting fxvoilaaa
dukacopy is a great broker, shame they don't offer mt4.

but they supply fxopen with their feed so you can use their mt4.
The main problem is FXOPEN had many issues around & don't have same regulation as DUKASCOPY ( were often accused of scamming customers & moving profits from accounts, modifying leverage without prior notice).

And seem dukascopy as a strategic move won't offer MT4 to try to develop a community around their own trading language & Jforex platform.

Would be happy too to see a Dukascopy MT4!

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