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  • #6,561
  • Aug 21, 2012 7:49am Aug 21, 2012 7:49am
Quoting deathbait
got stopped out at BE too
Spread was too high for me - I've got to get on to Oanda
  • #6,562
  • Aug 21, 2012 7:54am Aug 21, 2012 7:54am
i switched from gomarkets to pepperstone

you can even get "rakeback" for them.
  • #6,563
  • Aug 21, 2012 8:21am Aug 21, 2012 8:21am
Quoting deathbait
i switched from gomarkets to pepperstone

you can even get "rakeback" for them.
I should do the same, but I'm gonna get on the shafted exchange, as my go account is USD, but my personal bank account is GBP. I asked go if they would transfer direct to pepper but they said they don't allow this.
  • #6,564
  • Aug 21, 2012 8:34am Aug 21, 2012 8:34am
Quoting TheMaxx
I should do the same, but I'm gonna get on the shafted exchange, as my go account is USD, but my personal bank account is GBP. I asked go if they would transfer direct to pepper but they said they don't allow this.

the exchange tax you receive could not be possibly higher than the extra spread you pay twice a day on this strategy alone
  • #6,565
  • Aug 21, 2012 8:44am Aug 21, 2012 8:44am
Quoting deathbait
the exchange tax you receive could not be possibly higher than the extra spread you pay twice a day on this strategy alone
I think you're right. Are the spreads shown here for Pepperstone accurate:
http://www.myfxbook.com/forex-broker-spreads

It's showing the standard account spreads as equal to the razor account spreads.
  • #6,566
  • Aug 21, 2012 10:25am Aug 21, 2012 10:25am
I use the razor account, and I get on average about 0.4-0.7 pips spread.
  • #6,567
  • Aug 21, 2012 10:32am Aug 21, 2012 10:32am
Razor average is 0.38 pips

Quoting deathbait
I use the razor account, and I get on average about 0.4-0.7 pips spread.
  • #6,568
  • Aug 21, 2012 10:43am Aug 21, 2012 10:43am
Thanks I'm in the process of transferring now. I just remembered I have an AUD bank account so that should speed things up a bit. Knowing my luck there will be a 400 pip trade during my transfer process.
  • #6,569
  • Aug 21, 2012 11:14am Aug 21, 2012 11:14am
Tony,

From your post I see you were stumped out a BE. Does this, in reality, mean you took a 0,9 pip loss (spread loss)

Over 50 trades the difference between 0,9 and 0 is huge.

To my mind, BE = enter price + 0,9 pips.

Many thanks.
  • #6,570
  • Aug 22, 2012 1:57am Aug 22, 2012 1:57am
Quoting hazel1919
From your post I see you were stumped out a BE. Does this, in reality, mean you took a 0,9 pip loss (spread loss)
It's my understanding that BE means he has taken no loss.
  • #6,571
  • Aug 22, 2012 2:12am Aug 22, 2012 2:12am
So I guess today we are taken out at -2pips? Short trade entered on the 3:00:25 candle.
  • #6,572
  • Aug 22, 2012 2:18am Aug 22, 2012 2:18am
scorching pain
Attached Image (click to enlarge)
Click to Enlarge Name: 28.jpg Size: 56 KB
Invest in alarm clocks
  • #6,573
  • Aug 22, 2012 2:19am Aug 22, 2012 2:19am
sorry, let me redefine this... scorching pain is losing 200 pips of your account. This, is not scorching pain, it's itching
Invest in alarm clocks
  • #6,574
  • Aug 22, 2012 2:23am Aug 22, 2012 2:23am
Tony, what candle did you enter on? I entered after the 3:00:25 candle since the :25 candle was the first 1pip candle. It seems as though you've entered a few candles before me and am just wondering if I am missing something. Thanks.

Quoting Tony112
scorching pain
  • #6,575
  • Aug 22, 2012 2:31am Aug 22, 2012 2:31am
Quoting TheMaxx
Thanks I'm in the process of transferring now. I just remembered I have an AUD bank account so that should speed things up a bit. Knowing my luck there will be a 400 pip trade during my transfer process.
the current trade does hold potential. For my own sake, I hope you're THAT unlucky=)
  • #6,576
  • Aug 22, 2012 3:15am Aug 22, 2012 3:15am
Quoting deathbait
the current trade does hold potential. For my own sake, I hope you're THAT unlucky=)
I shut down my GOMarkets Live account last night

I started a Pepperstone demo. It got stopped out?
http://www.myfxbook.com/members/themaxx77/cbbp/369323

Quite a bit of slippage too which is a worry.
  • #6,577
  • Aug 22, 2012 3:19am Aug 22, 2012 3:19am
i got kicked out at +2
  • #6,578
  • Aug 22, 2012 7:07am Aug 22, 2012 7:07am
LO: -2
NYO: -2
  • #6,579
  • Aug 22, 2012 9:46am Aug 22, 2012 9:46am
Quoting tropics
Tony, what candle did you enter on? I entered after the 3:00:25 candle since the :25 candle was the first 1pip candle. It seems as though you've entered a few candles before me and am just wondering if I am missing something. Thanks.
Please read Tony's post 6230 again, it's first 1-2 pips (up to you) from the open, not 1 pip (5 sec) candles.
r u ready?
  • #6,580
  • Aug 22, 2012 12:13pm Aug 22, 2012 12:13pm
Thanks for your help. How about the SL? The original post says that the SL can be a max of 2pips. But in the post 6230 he says that it can be a max of 3.2 pips. Now, maybe the first post didn't include the spread, but I've never heard of Tony losing 3.2 pips, it was always either 2pips or less.

"1. first 2 pips of an open
2. max 3.2 pips with spread : initial stop-loss
3. page 1 has it all- no update (don't trade by other examples of the thread, they're too risky)"


Quoting rtrs111
Please read Tony's post 6230 again, it's first 1-2 pips (up to you) from the open, not 1 pip (5 sec) candles.
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