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LMAX = revolution?!?

  • #981
  • May 29, 2012 11:28am May 29, 2012 11:28am
Quoting janson
Somewhat OT, but are there any platforms which have this implemented by default at all?
Free ones? Not that I know of, which is weird considering that almost all traders use % and SL based risk control.

I guess that's what happens when you have developers who are not pro-traders themselves.
  • #982
  • May 29, 2012 11:33am May 29, 2012 11:33am
Quoting Marv
Free ones? Not that I know of, which is weird considering that almost all traders use % and SL based risk control.
Weird indeed. Considering any part time developer could write this feature in a day or two. But I'm not asking for that At least give the possibility to write and implement it myself as it could be done in MT4. But no, no one cares. Spoken with duka,mbt...nothing. Complex strategies or API solutions are welcome but nothing for guys like me
  • #983
  • May 29, 2012 12:55pm May 29, 2012 12:55pm
Quoting Marv
That's exactly what I do when I have to deal with MT4. Except I also use a little application I wrote with buttons/parameters for sending orders to MT4 (also shows bid/ask and slippage through DDE connectivity). What it really does is send hotkey strokes to MT4 which trigger the appropriate order scripts that I also wrote. It doesn't have all the necessary scripts though, just the two I use the most to trade, so it's incomplete. But I might finish it and post it if you MT4 guys want.
Marv, that would be great if you could finish it and post it as that will make it much easier to trade using 2% risk and SL for money management whether on MT4 demo or live. Seems similar to this Visual Trading Console & Trade Manager for Metatrader4: http://www.the-forex-strategy.com/in...rading-console

This sort of addition for trading with MT4 is a must. Does the LMAX Web Client have this same ability to automatically calculate the position size based on your stop loss and a percentage (2%) of your core equity (starting balance-amount in open positions)?
  • #984
  • May 29, 2012 1:48pm May 29, 2012 1:48pm
Regarding the management of Armada: I found this: http://investmentwatchblog.com/the-s.../#.T8UY9pFQSAw

Download the document. Page 30.

There must be a good broker. I just want to trade, deposit my money and feel secure. Are the micro futures really the one and only way for traders with less money?

What do you think?

Are here really some people who don't tell f***** Santa Claus stories? Real forex traders who trade more than three years with one broker without any problems?
Requotes may be ok (if not so many). Thank you for your answers.
  • #985
  • May 29, 2012 2:28pm May 29, 2012 2:28pm
Quoting 666
Regarding the management of Armada: I found this: http://investmentwatchblog.com/the-s.../#.T8UY9pFQSAw

Download the document. Page 30.

There must be a good broker. I just want to trade, deposit my money and feel secure. Are the micro futures really the one and only way for traders with less money?

What do you think?

Are here really some people who don't tell f***** Santa Claus stories? Real forex traders who trade more than three years...

That's why i said a few pages back: a broker is a broker... deposit only as little as needed and transfer more on losses and that's why really big brokers like IB are not as bad as they seem with their old tech but transparent filings, decades of operation and high self owned equity.

I have to admit though IB cannot compete with lmax in terms of spreads, execution etc at all though except for liquidity.
  • #986
  • May 29, 2012 2:57pm May 29, 2012 2:57pm
Quoting Marv
Actually I've never been a fan of MT4 for exactly those reasons you stated (which is against the trend here and in every retail forex trading forum, it's refreshing to see someone like you who knows what he's talking about).

It's why I've been nagging Armada to provide an API access and direct access proprietary platform (with a DOM). The latter they said they're working on, and the former at first they said they're working on it and are going to provide it soon, but the last time I spoke to them they just said they're "considering" it and...

Yeah im neither paranoid nor bashing MT. It's just technical facts along with facts of life that no broker will ever do business in your favor otherwise they won't be a broker... As if that was not enough you don't need to give them the perfect tool for overdoing that... People like it though when it sounds all shiny n stuff...
  • #987
  • May 29, 2012 3:09pm May 29, 2012 3:09pm
BTW guys, anyone knows software (hasn't be a free one) with all the MT's bells and whistles i.e. charting,scripting but which will'be robust and provides really fast execution?
  • #988
  • May 29, 2012 3:19pm May 29, 2012 3:19pm
Quoting liopro
BTW guys, anyone knows software (hasn't be a free one) with all the MT's bells and whistles i.e. charting,scripting but which will'be robust and provides really fast execution?
Not a hell of a lot choices u got there. Multicharts, Ninja etc but i don't like any of those. I have gone down the route of coding my own pricefeed backend that i can feed with various datafeeds and a frontend that does only what i need (specific charts, synthetic instruments, custom charting, one click execution of certain instruments in a certain way) but fast and platform independent. e.g. right now i feed jforex + lmax + cqg via api into the backend and execute fx through lmax api, others through IB on the frontend.
  • #989
  • May 29, 2012 3:20pm May 29, 2012 3:20pm
Quoting liopro
BTW guys, anyone knows software (hasn't be a free one) with all the MT's bells and whistles i.e. charting,scripting but which will'be robust and provides really fast execution?
I guess Multicharts or Tradestation are proven quality platforms. Both platforms seem to be relatively easy to program even for people without being a programmer. Mulitcharts even come along with LMAX but as far as I understand LMAX doesn't provide as much historical data to be good enough to do serious backtesting. But you still can buy a full version and use your own data.
Tradestation I think is very interesting since its also free if you trade with them. But it's like buying a pig in a poke because they don't offer a demo nor do they have some live feed where you can follow their spreads. So you really have to open up an account with them to see how their trading conditions really are.

Ninjatrader is probably also a good tool, but not for me as I just have very basic knowledge in programming.
  • #990
  • May 29, 2012 4:16pm May 29, 2012 4:16pm
And what do you think about FastBroker's PathFinder? Is it any good?
  • #991
  • May 29, 2012 7:06pm May 29, 2012 7:06pm
Quoting global3
Does the LMAX Web Client have this same ability to automatically calculate the position size based on your stop loss and a percentage (2%) of your core equity (starting balance-amount in open positions)?
I don't know as I only used it once and can't remember (I used their API more). I bet it doesn't.

Quoting liopro
BTW guys, anyone knows software (hasn't be a free one) with all the MT's bells and whistles i.e. charting,scripting but which will'be robust and provides really fast execution?
I used Ninjatrader in the past, I like it. Multicharts should also do (though I prefer NT). There are a couple other popular ones that are not bad either. My charting is very basic these days though, so I ditched all of that stuff. TA is not worth paying for if you ask me but I digress.

Unless you're into automated trading, you can still just use MT4 for charting and their direct platform for orders, or have a freelancer write you a little custom order entry application connected to their API.

Quoting liopro
And what do you think about FastBroker's PathFinder? Is it any good?
Good DOM, bad charting (at the time I tried it, they do update it). But that's just me, it's better if you try it yourself. It's another option to consider before going for paid solutions.
  • #992
  • May 29, 2012 9:23pm May 29, 2012 9:23pm
Quoting liopro
BTW guys, anyone knows software (hasn't be a free one) with all the MT's bells and whistles i.e. charting,scripting but which will'be robust and provides really fast execution?
Like the other posters above, originally i would have recommended MultiCharts, and I still do. But there is an alternative that I think FXCM and more brokers will start white labeling: http://m4demo.com/

Their c# version of their platform TradeScript language is supposed to be identical to metatrader 4 mql4, but you may need to do slight modifications to make the code completely compatible. This is a tool to help with the conversion http://antlr.org/ .

M4 might actually be a better alternative if the broker is willing to support their own platform. Otherwise, you'd need to purchase your own copy. Of course, MultiCharts, NT, etc already ready for the consumer out of the box; at worst, outside of porting over your indicators/experts from other languages, you'd only need to create one bridge or a couple of bridges to hook up with broker's API. There is already a bridge for multicharts to MBTrading and FXCM (i think) and a few futures brokers; enough for you to get started.
Measure trends automatically with zero lag
  • #993
  • Edited 4:31am May 30, 2012 4:09am | Edited 4:31am
Quoting m.m.m.
Not good.
Ok, using them solely as an introducing broker to open a LMAX account would thereafter put them much out of the way, with funds being with LMAX, right?
Not with their MT4 accounts..

P.S. looks like Armada lowered their commission to $20 for direct lmax trading now.
  • #994
  • Edited 6:18am May 30, 2012 4:31am | Edited 6:18am
If you get 500:1 leverage, you can stick $100 in your Armada account and control approx 5 mini lots (50k) of currency. Hog heaven for the scalper. If anything happens to the broker, if you cannot get your money returned etc. Lots of ifs and you stand to lose only $100. This is peanuts and as we all know even the biggest are not immune to collapse.
  • #995
  • May 30, 2012 6:55am May 30, 2012 6:55am
Quoting derwisch
Mulitcharts even come along with LMAX but as far as I understand LMAX doesn't provide as much historical data to be good enough to do serious backtesting. But you still can buy a full version and use your own data..
I have to correct myself since I have asked LMAX support about this today. The LMAX Multitrader is not limited to their data. Here is a quote from the email I got:
Quote
Our historical data runs back to 2010 August, and it is currently available for all types of accounts and for MultiCharts. You are also free to purchase your own data and import it into LMAX MultiCharts, if you wish to have a longer historical data.
Good deal imo if you trade >250 contracts/month.
  • #996
  • May 30, 2012 7:06am May 30, 2012 7:06am
Talking of multicharts- is anyone using it now- I got fed up with the bad historical data (lots of spikes) and found the charts really slow to update when you changed timeframe, but this was a few months ago whilst it was in it's infancy, and I'd be interested to know if it's much better now?
There is no top. There are always further heights to reach. Jascha Heifetz
  • #997
  • May 30, 2012 7:21am May 30, 2012 7:21am
Quoting Trader131
Talking of multicharts- is anyone using it now- I got fed up with the bad historical data (lots of spikes) and found the charts really slow to update when you changed timeframe, but this was a few months ago whilst it was in it's infancy, and I'd be interested to know if it's much better now?
No problems with tick based charts but minute I've had problems with. I use lmax in conjunction with MBT UK data and it's almost exactly the same as lmax and also very reliable min data for eur/usd.
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  • #998
  • May 30, 2012 7:29am May 30, 2012 7:29am
Thanks for that, JFK - I remember you saying that before. I don't use tick charts. Does anyone else, have any feedback with the minute charts regarding spikes and speed of updating them? MT4 for all it's faults at least updates the charts quickly. I'm using their basic web platform still with mt4 just for charts.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #999
  • May 30, 2012 7:35am May 30, 2012 7:35am
No problem. Here are the two for comparison. It's easy to get the MB feed for free and use the two together.
Attached Image (click to enlarge)
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  • #1,000
  • May 30, 2012 7:49am May 30, 2012 7:49am
Interesting posts. Just to get this right. There are spikes in the historic data. But just in the minute chart. Does the live data get drawn correctly?

@Trader131
Do you mean that just switching between the charts is slow or that there is a lag between pricefeed and priceupdate on the chart? What order excution from MC...fast or slow?
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