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LMAX = revolution?!?

  • #261
  • Oct 24, 2011 3:12am Oct 24, 2011 3:12am
Quoting Scalperforex
2. You could in effect do the same by switching your positions from long to short to long if at all you can accurately predict such corrections and resumption of trends instead of relying on "hedge/going flat/locking" (call it whatever catches your fancy).
3. It might not be the case with you, but mostly traders resort to "hedging" because they are averse to actually booking their losses and they prefer "locking" their loss by taking a new (contra) opposite side trade and try to recover the loss. At best, it just delays the inevitable booking...
Yes, you could do the same WITHOUT PAYING AN EXTRA SPREAD , but hey if our amigo roughtrader likes giving away money...



"It might not be the case with you, but mostly traders resort to "hedging" because they are averse to actually booking their losses and they prefer "locking" their loss by taking a new (contra) opposite side trade and try to recover the loss. At best, it just delays the inevitable booking of loss or wiping out of the account."



Soooooo TRUE .................
  • #262
  • Oct 24, 2011 4:54pm Oct 24, 2011 4:54pm
Quoting Bleek
I have a Currenex 50k deposit account, in fact I had two at one point, and whilst I really like the feel and features of the feed and platforms offered, for the capital outlay they don't represent value for money.

LMAX is like a stripped down Currenex, it's simple and effective on the surface with what appears to be solid mechanics at it's core. This is my personal experience and I've been with them a year.

People look to the 'Currenex gods' expecting them to be worlds apart from their current Bucket or ECN broker, the fact is unless you're trading...
Better than currenex because it does not have the 'last look' feature currenex has
  • #263
  • Oct 24, 2011 11:26pm Oct 24, 2011 11:26pm
Quoting Scalperforex
All the name-callings is a bit sad to see in a professional forum...

if you are wrong, and the market continues to move up by 1000 pips more instead of moving down 1000 pips, Instead of profiting by (9000+1000) 10,000 pips by sticking to your original plan, you have merely locked-in a profit of 9000 pips and remain flat(square) in your books.


I agree with Coco, the only one who stands to gain is your broker (You would end up paying the spread twice over for 2 sets of orders).
did you guys ever hear of a stoploss?

I agree the name callings is a very poor behaviour
and something we should not use,
we are all grown ups here (I think?)
please excuse me but note that I didn't start it
Bulls are stupid Animals!especially when Im short!
  • #264
  • Oct 25, 2011 2:01am Oct 25, 2011 2:01am
Quoting roughtrader
did you guys ever hear of a stoploss?

I agree the name callings is a very poor behaviour
and something we should not use,
we are all grown ups here (I think?)
please excuse me but note that I didn't start it

Who is name calling here ?
  • #265
  • Edited 1:19pm Oct 26, 2011 11:30am | Edited 1:19pm
Anyone still getting spikes on Multi Charts, seems to be still doing this. Also another issue is you cannot import indicators into the platform, the import studies option isn't active. Apart from this, great charts, I especially like the direct on the chart trading function.

Hedging: The main issue with this is you are having to open two lots of orders thereby paying the broker to re-open your existing position after closing it to hedge with a non hedge broker. This is especially a pain if your first position is a larger lot size than say your scalping positions. So saying that you are flat is right but it misses the point on paying the extra spread (i.e not regarding paying for the extra position but re-opening the old one).
  • #266
  • Oct 26, 2011 11:41am Oct 26, 2011 11:41am
Can someone please write what are the overnight charges for positions at LMAX? Some of you must keep your positions open overnight.
  • #267
  • Oct 26, 2011 1:26pm Oct 26, 2011 1:26pm
Quoting future
Can someone please write what are the overnight charges for positions at LMAX? Some of you must keep your positions open overnight.
see posts from 229
  • #268
  • Oct 26, 2011 1:35pm Oct 26, 2011 1:35pm
I have asked support, and they say they cannot publish roll rates in advance since they are determined by prevailing marketrates during rollover by the prime broker(in LMaxTraders case JPMorgan). IMO they should at least publish yesterdays rates - since they dont change much on a daily basis anyways and people would know what to expect.

They say +-0.3% from wholesale. Oanda's rate have a +-0.25% spread, so i guess slightly worse than them.
  • #269
  • Oct 27, 2011 9:33am Oct 27, 2011 9:33am
Quoting Porkpie
Anyone still getting spikes on Multi Charts, seems to be still doing this.
Yes, porkpie. The spikes are still there, and there are so many spikes and gaps on some charts that it renders them practically useless. Some of the indices that I use for correlation are terrible. Surely they will fix this.

I sometimes find that if I have multicharts open for some time, and it crashes and I have to close and then reopen it, that there are then lots of gaps on the charts once they have reloaded, and clicking CNTL +R (reload chart) doesn't help fill the gaps. It's very frustrating as apart from that I'm very impressed with MC.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #270
  • Oct 27, 2011 10:26am Oct 27, 2011 10:26am
Quoting Trader131
... as apart from that I'm very impressed with MC.
yes, MCharts is the best platform so far. Those over in futures forum are also migrating from NinjaTrader to mc. I hope they'll fix it soon.
I found a penny today. That's +100 pips for me.
  • #271
  • Oct 28, 2011 10:38am Oct 28, 2011 10:38am
Quoting roughtrader
I just wonder who is plain stupid?
don't be such an asshole!


I didnt call you stupid but said "simply stupid flat"

but anyway....
  • #272
  • Oct 28, 2011 10:47am Oct 28, 2011 10:47am
Quoting Trader131
Yes, porkpie. The spikes are still there, and there are so many spikes and gaps on some charts that it renders them practically useless. Some of the indices that I use for correlation are terrible. Surely they will fix this.

I sometimes find that if I have multicharts open for some time, and it crashes and I have to close and then reopen it, that there are then lots of gaps on the charts once they have reloaded, and clicking CNTL +R (reload chart) doesn't help fill the gaps. It's very frustrating as apart from that I'm very impressed with MC....
Just had this from LMAX:

Thank you for being part of our beta release of LMAX MultiCharts. Just so you know, other users have not reported seeing these spikes in our production environment and we are unable to replicate what your seeing in the production environment.

Below is some information that has been recommended as possible solutions to resolve your issue:-

· MultiCharts has a large cache that stores price history on your local machine. When you jump from using the Demo then over to Production and back, the data for the same instrument can get muddled. In most instances, CTRL+R will reload the data and re-populate the correct data.

· If you have been installing new versions or if the CTRL+R doesn’t fix the problem for you then you may have to open your Quote Manager, go to EDIT/Delete Data then EDIT/Clear Cache. Now go back to MultiCharts and reload the data, CTRL+R.

· If this doesn’t fix your problem, then you can open your Quote Manager, right-click on the instrument in question and Delete it. Then, right-click and ADD SYMBOL, FROM DATA SOURCE, LMAX and choose the EURUSD again.

I hope this is useful.
Do let us know if we can be of further assistance.

Will see if it works, let me know how you get on also.
  • #273
  • Oct 28, 2011 3:52pm Oct 28, 2011 3:52pm
Thanks for sharing that, Porkpie. I've just got in and deleted UK 100 from quotemanager, then added it again as described, and it's still rubbish. It seems to be the older data that is corrupt as this weekly chart shows. I'll email them over the weekend so that they don't think it's just you!
Attached Image (click to enlarge)
Click to Enlarge Name: MultiCharts1.png Size: 21 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #274
  • Oct 31, 2011 8:48am Oct 31, 2011 8:48am
What do you guys think about multicharts? Do the fx charts have spikes etc.. too? I'm fed up with the stock java based charting software already and looking for alternatives, I don't want to run some demo mt4 acc for charting anymore. Also, do multicharts allow trailing take profit/stop loss? Thanks.
  • #275
  • Oct 31, 2011 9:08am Oct 31, 2011 9:08am
Jeff, I emailed them about the spikes, and I hope that they will be resolved soon. Spikes are not so bad on FX, but still exist, see below.
Yes, multicharts allows easy use of TP and SL and trailing stops- it's all very customisable.
Attached Image (click to enlarge)
Click to Enlarge Name: MultiCharts2.png Size: 29 KB
There is no top. There are always further heights to reach. Jascha Heifetz
  • #276
  • Oct 31, 2011 9:21am Oct 31, 2011 9:21am
Does LMAX still have maintance hours at night? They used to.
I found a penny today. That's +100 pips for me.
  • #277
  • Oct 31, 2011 9:32am Oct 31, 2011 9:32am
Yes, they go off for 5 minutes at 10.00pm
There is no top. There are always further heights to reach. Jascha Heifetz
  • #278
  • Nov 1, 2011 12:45am Nov 1, 2011 12:45am
Hi :

I just need help regarding news trading with LMAX !!

They let us trade the news with no requote and slippage ?

If anyone tried them already with the news ? And if they pay the profits from news ?

Thanks Guys .

Regards ,

Fadi Safieh .
  • #279
  • Nov 1, 2011 1:47am Nov 1, 2011 1:47am
Yes there are no requotes or slippage with the news, but obviously the quotes will widen. I have never had a problem with fills using LMAX, and there isn't any funny business either WYSIWYG!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #280
  • Nov 1, 2011 4:04am Nov 1, 2011 4:04am
Quoting Trader131
Yes there are no requotes or slippage with the news, but obviously the quotes will widen. I have never had a problem with fills using LMAX, and there isn't any funny business either WYSIWYG!

Thanks For Your Reply .

Guys i will Try the Broker and i will Update you with Live Account what the issues and what is the Good Sides ??

Have a Nice day All , and wish you a Good Day and Lots Of Green PIPS .

Regards , Fadi Safieh .
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