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LMAX = revolution?!?

  • #281
  • Nov 1, 2011 5:54am Nov 1, 2011 5:54am
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!

Exactly, that is because LMAX works like a regular futures exchange , like the CME , WYSIWYG

This is the only real broker in the spot forex world, all the rest all so called brokers but are in fact market makers , even on the ECN's liquidity providers still can decide if they will fill your order or not...
  • #282
  • Nov 1, 2011 6:21am Nov 1, 2011 6:21am
Quoting fadi66
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 .
I don't mean to be rude but your question doesn't make sense, if you make a profit you get paid, simple?

Are you actually asking 'do they cheat and not allow me to close a profitable position'?

I have never had a problem closing a trade and when I do close manually it is instant, and as stated before I've traded hundreds of times with LMAX so I would say I've got a good grasp of their platform performance.
"I made all my money by selling too soon"
  • #283
  • Nov 1, 2011 6:23am Nov 1, 2011 6:23am
A question about Multicharts as I've never used them, do they allow you to set alarms that can be audible and also sms you?

The only requirement of charting for me is that I can set alarms because I'm not sat at my PC all day. I don't care about any other feature.
"I made all my money by selling too soon"
  • #284
  • Nov 1, 2011 6:38am Nov 1, 2011 6:38am
Quoting Bleek
I don't mean to be rude but your question doesn't make sense, if you make a profit you get paid, simple?

Are you actually asking 'do they cheat and not allow me to close a profitable position'?

I have never had a problem closing a trade and when I do close manually it is instant, and as stated before I've traded hundreds of times with LMAX so I would say I've got a good grasp of their platform performance.
Thanks For Your Post Dude . And Good Luck For YOU .
  • #285
  • Nov 1, 2011 6:43am Nov 1, 2011 6:43am
Bleek, I'll try and answer that, though I haven't used them yet.Looking at my charts, you can, for instance set up a trendline alert to be a sound, visual, or email alert (I don't see any option for SMS).

I'm still pretty hacked off with the data spikes, and had this response from them yesterday:

Thanks for being part of our LMAX MultiCharts beta.

First, in our Production environment these spikes are not visible on the MultiCharts charts. Similarly, in the Demo environment, I am unable to replicate the spikes that you see.

As a beta, I’m sure that you can imagine the issues that we are resolving as we progress towards removing the beta tag. I have come across the data spike problem recently and received one possible solution from MultiCharts which, as I understand, did not resolve the problem for everyone. This involved the Quote Manager and deleting symbols, etc.

Are you seeing the spikes in a Demo or Real environment?

What I have been able to determine through our internal installations, is that if you install the new version over a previous version you can and usually do run into data integrity problems. If you go to your Control Panel/AddRemove Programs and click on MultiCharts LMAX you will get 2 options, Repair and Remove. Choose Remove then reboot your PC and reinstall the latest version (version 7.0.90).

Do let us know if this resolves your problem with the data you see.


Well, I've done everything they suggested, and emailed them back, but it's made no difference, so it may be worth holding back till they fix this before going live with the multicharts.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #286
  • Edited 10:22am Nov 2, 2011 8:17am | Edited 10:22am
Quoting Bleek
A question about Multicharts as I've never used them, do they allow you to set alarms that can be audible and also sms you?

The only requirement of charting for me is that I can set alarms because I'm not sat at my PC all day. I don't care about any other feature.
dunno about that but I am sure there would be a simple indi that you could import using their language editor. Google for it under tradestation also as it uses the same language.


Spikes and gaps not resolved. They tell me the live data has no issues only the demo but if you switch from demo to live and vice versa on the same pc this may muddle things up a bit so prob best to use separate pc's for live/demo. I am going to try a new download: http://static.lmaxtrader.com/downloa...harts-LMAX.exe

UPDATE: Have tried everything and still getting spikes and gaps and this is on my live account.
  • #287
  • Nov 2, 2011 2:02pm Nov 2, 2011 2:02pm
UPDATE: Have tried everything and still getting spikes and gaps and this is on my live account. [/quote]

Hi Porkpie,

I reload my charts and that seems to get rid of the gaps.

I am not sure if it will get rid of your spikes though
  • #288
  • Nov 3, 2011 2:30am Nov 3, 2011 2:30am
I Tried to open Live account But they DID Not Agree !??

Anyone faced this issue ??

Thanks .
  • #289
  • Nov 3, 2011 9:52am Nov 3, 2011 9:52am
No idea, Fadi. I had no problems opening account, as long as you have the relevant experience. Where you are based will affect this.

I just had an nice email from support about multicharts- hopefully the spikes (and gaps) will be resolved soon:

Dear Carl,
I wanted to thank you for your screenshots as well as the continued feedback regarding our beta version of MultiCharts. As a direct result of your feedback we have found some gaps and anomalies in our Market Data for a couple of instruments and are working to resolve this as a highest priority.
I will let you know as soon as we have sorted this out.
Thank you for your e mail earlier,
Kind regards,
Carl
The LMAX trader team

There is no top. There are always further heights to reach. Jascha Heifetz
  • #290
  • Nov 3, 2011 11:58am Nov 3, 2011 11:58am
Quoting Trader131
No idea, Fadi. I had no problems opening account, as long as you have the relevant experience. Where you are based will affect this.

I just had an nice email from support about multicharts- hopefully the spikes (and gaps) will be resolved soon:

Dear Carl,
I wanted to thank you for your screenshots as well as the continued feedback regarding our beta version of MultiCharts. As a direct result of your feedback we have found some gaps and anomalies in our Market Data for a couple of instruments and are...

Yeah I have just had the same email so looks like a resolution is near.
  • #291
  • Nov 4, 2011 2:30am Nov 4, 2011 2:30am
My Last Question Regarding This Broker :

Do they Let you Trade the NEWS ???
  • #292
  • Nov 4, 2011 5:40am Nov 4, 2011 5:40am
That's already been answered.. YES!
There is no top. There are always further heights to reach. Jascha Heifetz
  • #293
  • Nov 4, 2011 6:06am Nov 4, 2011 6:06am
Quoting Trader131
That's already been answered.. YES!
There is No Re quote No Slippage ?!
  • #294
  • Nov 4, 2011 7:56am Nov 4, 2011 7:56am
No, absolutely nothing. They are a breath of fresh air after Alpari.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #295
  • Nov 7, 2011 8:07am Nov 7, 2011 8:07am
I'm getting really P*ssed off with multicharts now. I've stopped using it as the data is so bad. Here is the latest correspondence for anyone interested.

Dear Carl,
This is the first we have heard of freezing screens and will continue to monitor clients for similar experiences. Unfortunately, we have no way of knowing what sort of external factors may be affecting your connection, etc.I’m sure you understand that things like your processor speed, RAM, .NET version, internet speed, etc. can all dramatically affect your MultiCharts experience versus my MultiCharts experience.
The gaps in data that don’t go away with CTRL+R could be related to our recent discovery of some of missing data for a few instruments and we are looking to get that restored as a highest priority.
Thanks for your continued support.
Kind regards,


to which I responded:


OK, things have got so bad with multicharts, that I have stopped using it. This morning on opening MC, I found that the data from between last friday's close and the present was missing, and would not reload (I tried deleting the data and clearing the cache, deleting EUR/USD, and adding it again, and each time I reloaded it, the chart would show the penultimate candle as Friday's close, and then a gap with the current candle being actual time that I had just reloaded. It would not fill the missing data since Friday's close. I've tried rebooting the PC as well, it's the same. I attach a screenshot of EURUSD 15 min to demonstrate this, please look at the right side of the chart, the penultimate candle is friday's close. Every time I reload the chart I lose more data ,as the penultimate candle is always friday's close. I have a pretty good pc (AMD phenom x6 1055t processor, 4 gb corsair dominator ram, radeon hd6850 graphics, ocz vertex 2 ssd, Windows 7 home premium 64 bit), and have no problems with any other software. For the time being, regrettably, I am going back to using Alpari's MT4 with the lmax web platform for execution only, as multicharts, for me is unusable in it's present state.

Carl


Is anyone else out there having similar problems?
There is no top. There are always further heights to reach. Jascha Heifetz
  • #296
  • Nov 7, 2011 4:20pm Nov 7, 2011 4:20pm
Hey Carl, I think I know what's happening. What's your fav. TF? Switch to 1M to see if the spikes are still there. The spikes are caused by having 1 single trade @ a much lower/higher price and that causes the higher TF bar to be wrong. See my attachments.


Quoting Trader131
I'm getting really P*ssed off with multicharts now. I've stopped using it as the data is so bad. Here is the latest correspondence for anyone interested.

Dear Carl,
[color=black]This is the first we have heard of freezing screens and will continue to monitor clients for similar experiences. Unfortunately, we have no way of knowing what sort of external factors may be affecting your connection, etc.I’m sure you understand that things like your processor speed, RAM, .NET version, internet speed, etc. can all dramatically affect...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.JPG Size: 168 KB
Click to Enlarge Name: 1.JPG Size: 165 KB
  • #297
  • Nov 8, 2011 1:32am Nov 8, 2011 1:32am
Thanks for the reply, Jeff. But I'm having problems with multicharts beta- it looks like you're using LMAX webtrader, so I think you have a different problem, and mine is more an issue of missing data, not corrupted data.

I think it's a problem with their data feed, and the way multicharts loads the data. In case it's something wrong with my PC, I've reinstalled windows and put everything back on again (don't you just hate doing that!), but now I have a nice clean pc, I'm loathe to install multicharts again. I think I'll wait till next week. Here's the latest email from lmax:

Dear Carl,
Thank you for raising the issue.
Once again, we would like to apologise for any inconveniences caused. LMAX Multicharts being a Beta version does sometimes experience irregularities. We are aware that this time it is the issue with our historical data, and we expect the problem to be dealt with this weekend.
If you have any further questions, please do not hesitate to email us back or call us on 0333 700 1000. Our Helpdesk team is available between 07:00 and 21:30, Monday to Friday.
Kind regards,
Lina

The LMAX trader team
There is no top. There are always further heights to reach. Jascha Heifetz
  • #298
  • Nov 8, 2011 4:10am Nov 8, 2011 4:10am
Quoting fadi66
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 .
Have never traded with LMAX but I can tell you with 100% cirtainty that if you want to trade high impact news events you will get slippage at some point and it will probably be sooner rather than later. It is just how the market works (how any market works). If your stop loss is triggered and there is noone willing to take the opposite side of the trade at the current market price then you will be filled at the next available point where someone is willing to take the opposite side. This may be 1, 2, 10 or 100+ pips away from your intended execution price. Same with your market orders. The only way around it is to use limit orders with specified bounds, but then you run the risk of not getting filled and the market running away from you so fast that you end up losing a shit load more than you intended. If you really want to trade news then you have to accept that you will be slipped or requoted from time to time (sometimes by huge amounts) and adjust your risk accordingly or one bad slip may blow your entire account.

And this does not just apply to LMAX, this applies to any broker. If there is no market then there is no market, simple as that. You should abandon your search for this magical broker that is going to provide a market just for you even though they have no market to offset there risk in because you just ain't going to find one. And if you do, I can garentee you will be paying for it in other ways and were better off going with a reputable broker that provides a real and fair market and accept that you will be slipped sometimes.

Do a bit of research into the structure of the spot forex market and you will see what I am on about.

ps trader131 tells you that no, you will never get any requotes or slippage, but I think he is dead wrong. He just hasn't experienced any yet.
  • #299
  • Nov 8, 2011 4:30am Nov 8, 2011 4:30am
Quoting Agro
Have never traded with LMAX but I can tell you with 100% cirtainty that if you want to trade high impact news events you will get slippage at some point and it will probably be sooner rather than later. It is just how the market works (how any market works). If your stop loss is triggered and there is noone willing to take the opposite side of the trade at the current market price then you will be filled at the next available point where someone is willing to take the opposite side. This may be 1, 2, 10 or 100+ pips away from your intended execution...


This is called natural slippage like you will experience in any regulated market, not slippage caused by the crooked market makers to make more money from your losses so nothing wrong with this...



Do they have any plans to introduce Metatrader ?
  • #300
  • Nov 8, 2011 4:49am Nov 8, 2011 4:49am
Quoting Cocoflanel
This is called natural slippage like you will experience in any regulated market, not slippage caused by the crooked market makers to make more money from your losses so nothing wrong with this...



Do they have any plans to introduce Metatrader ?
Hey mate

Yeah, but it is slippage nonetheless and will effect your account negatively most of the time (you can have positive slippage, which can be a pleasent surprise). And this 'natural slippage' can be much more violent than most expect, especially during high impact news announcements (sometimes 100s of pips, although that is extremely rare). I am just trying to get Fadi66 to understand that if he wants to trade news then he must be prepared for slippage. I can just see him now (on the back of Trader131's advice that with LMAX he will get no slippage at news times) rushing in with 50:1 leveraged market orders and tight stops at NFP time, copping a 50 pip slip and turning around and saying 'hey, I thought there was no slippage at LMAX during the news'. Just trying to save him from a scenario like that.
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