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Pepperstone Forex

  • #981
  • Aug 26, 2012 11:33pm Aug 26, 2012 11:33pm
Quoting ramy3
All right,

Account switched to Edge, check.
Informed my rebate provider of my switch, check.
A bit better spreads (0.1 - 0.2 avg), check.
Execution flawless so far, check.
Making money through Edge, check.
Bought a new Android phone with unlimited everything plan, check.
Being happy so far, priceless!

Yeah, anyone want to buy a used unlocked HTC pro 2 world phone?

Not digging the Android app very much, though. Well, at least it’s good for backup.

Android Edge server for standard accounts is Pepperstone-live.

Happy...
what's standard like live? same execution as the old standard?

there's no demo option on the standard account page that I can find

https://pepperstone.com/trading-acco...s-standard.php

so I can only go by the old standard account's demo for my impression of it
  • #982
  • Aug 27, 2012 3:31am Aug 27, 2012 3:31am
Hi,

OK pepperstone new edge looks fine but why we still have this dumb stop/limit distance of 2 pips! Why we can't get rid of it?

13
Brokers are angels
  • #983
  • Aug 27, 2012 3:49am Aug 27, 2012 3:49am
Quoting fx13
Hi,

OK pepperstone new edge looks fine but why we still have this dumb stop/limit distance of 2 pips! Why we can't get rid of it?

13
Yes stupid rule and I'm sure they'll have an excuse as well.
They won't do it because if they did you'll be able to lock your trade to break even earlier and they won't be able to take your money.....
Have a nice day
  • #984
  • Aug 27, 2012 3:58am Aug 27, 2012 3:58am
DOM tool does not seem to work at all anymore atm. One click buy/sell & spread view, same deal....

Anyone else experiencing this?
  • #985
  • Aug 27, 2012 6:11am Aug 27, 2012 6:11am
Quoting TradeMonk
what's standard like live? same execution as the old standard?

there's no demo option on the standard account page that I can find

https://pepperstone.com/trading-acco...s-standard.php

so I can only go by the old standard account's demo for my impression of it
Very pleased so far. It’ only been a few days, everything seems tighter and faster. Noticing a difference in execution speed according to one of my EAs. About 100 – 150ms. The ask and the bid lines on the chart reflect the razor account, not sure why yet.
Fuck Forex Factory.Wake up people.
  • #986
  • Edited 6:37am Aug 27, 2012 6:13am | Edited 6:37am
Quoting fx13
Hi,

OK pepperstone new edge looks fine but why we still have this dumb stop/limit distance of 2 pips! Why we can't get rid of it?

13
You could use something like this to circumvent the issue. There will be some slippage though (time for the EA to react).
http://www.forexfactory.com/showthre...00#post2133700 #8
Fuck Forex Factory.Wake up people.
  • #987
  • Aug 27, 2012 6:13am Aug 27, 2012 6:13am
Quoting Robertk
DOM tool does not seem to work at all anymore atm. One click buy/sell & spread view, same deal....

Anyone else experiencing this?
Yeah, would give up on the DOM for now. The DOM is made by these guys if I am not mistaken.
http://www.bostontechnologies.com/on...ading-app.html
Fuck Forex Factory.Wake up people.
  • #988
  • Aug 27, 2012 8:42am Aug 27, 2012 8:42am
Quoting ramy3
You could use something like this to circumvent the issue. There will be some slippage though (time for the EA to react).
http://www.forexfactory.com/showthre...00#post2133700 #8
For me a distance for stop/ limit still point toward a weakness in execution & we still don't have a FULL 100% ECN like back-end. As ECN would allow you to place order within the spread!

Also MT4 limit would offer lower slippage than EA/ Manual execution as it's have server side execution.

Thanks for pointing the EA ;-)

13
Brokers are angels
  • #989
  • Aug 27, 2012 10:22am Aug 27, 2012 10:22am
Quoting Robertk
DOM tool does not seem to work at all anymore atm. One click buy/sell & spread view, same deal....

Anyone else experiencing this?
Mine has been working fine since the update they did.

Have you talked to support chat recently? They have an update for existing installs or you can download the platform fresh from the site and reinstall to get the updated DOM.
FXGears.com
  • #990
  • Aug 27, 2012 12:56pm Aug 27, 2012 12:56pm
Quoting Jack_Larkin
Mine has been working fine since the update they did.

Have you talked to support chat recently? They have an update for existing installs or you can download the platform fresh from the site and reinstall to get the updated DOM.
That information I did not receive from them, thanks for sharing
  • #991
  • Edited Aug 29, 2012 3:55am Aug 28, 2012 3:12pm | Edited Aug 29, 2012 3:55am
Bit suspicious my TP got missed by 0.1 pip on GU while FXCM and Markets are both showing price went a whole pip lower at that specific point. Their price spiked to .158176 which would cover my TP.

Might be bad luck because this didn't occur before but I will watch it more often in the future..

http://i49.tinypic.com/hv1ixk.jpg
  • #992
  • Edited 3:55pm Aug 28, 2012 3:37pm | Edited 3:55pm
Quoting Robertk
Bit suspicious my TP got missed by 0.1 pip on GU while FXCM and Markets are both showing price went a whole pip lower at that specific point. Their price peaked at .158176 which would cover my TP.

Might be bad luck because this didn't occur before but I will watch it more often in the future..
Given it's the ask price that triggers your TP (you were short), looking at FXCM's feed they still wouldn't have triggered it.

In fact, you would have done worse (~2 pips worse) with FXCM's low ask price at that time:

http://i.imgur.com/BbRRw.png

Above is a MarketScope chart on FXCM's feed set to plot the ask price (not the bid.)

Remember:

When looking at other broker's feeds, if their spread is wider, their bars will stretch longer by about the difference (or more if they raise spreads during volatile times.)

And, when you're long, the bid price is what you execute on to get out of a trade. When you're short, it's the ask price you want to watch. MT4 paints off just the bid price, so keep that in mind.


I think you just had shitty luck. It happens. Put another way, your call on the TP pretty much pegged it's short term move within a pipette.. that's nearly like covering on the absolute low tick, a hard thing to do.
FXGears.com
  • #993
  • Aug 28, 2012 3:56pm Aug 28, 2012 3:56pm
Oh, and price came back down to the same area.. not quite your TP but are you covering now?
FXGears.com
  • #994
  • Edited 4:16pm Aug 28, 2012 4:02pm | Edited 4:16pm
Man, who's this Jack dude, and where does he get all his info? Pretty scary if you ask me. Some 'sorta' machine? lol

I just had to post this.

Thank you for all your "pro bono" work here, it's appriciated.
Fuck Forex Factory.Wake up people.
  • #995
  • Aug 28, 2012 4:17pm Aug 28, 2012 4:17pm
Quoting ramy3
Man, who's this Jack dude, and where does he get all his info? Pretty scary if you ask me. Some 'sorta' machine? lol

I just had to post this.

Thank you for all your "pro bono" work here, it's appriciated.
lol.. I live and breath this stuff *beep*
FXGears.com
  • #996
  • Aug 28, 2012 4:25pm Aug 28, 2012 4:25pm
Quoting Jack_Larkin
lol.. I live and breath this stuff *beep*
Wish you great success in your trading endeavor. *beep*

Night all! Hope you all had a great trading day.
Fuck Forex Factory.Wake up people.
  • #997
  • Aug 28, 2012 4:53pm Aug 28, 2012 4:53pm
Jack, thanks again for all this information you are giving. The spread apparently would not cover my TP in that case. I should have known this. Markets has a 3 pip fixed spread and that might have been the reason for their stretched bars at that time.

For the new interested people into Pepperstone, this was just a mistake on my side and had nothing to do with them manipulating price.
Closed out this trade for 3 pips profit. Was calling it a day. ( daily target was reached )
  • #998
  • Aug 28, 2012 5:19pm Aug 28, 2012 5:19pm
Quoting Robertk
Jack, thanks again for all this information you are giving. The spread on GU was about 1.0 at that time so it would not cover my TP in that case.
I should have known this.

For the new interested people into Pepperstone, this was just a mistake on my side and had nothing to do with them manipulating price.
No worries, glad I could help.

Stuff like this gets everyone..
FXGears.com
  • #999
  • Aug 28, 2012 5:43pm Aug 28, 2012 5:43pm
Quoting billv
Yes stupid rule and I'm sure they'll have an excuse as well.
They won't do it because if they did you'll be able to lock your trade to break even earlier and they won't be able to take your money.....
BE is valid IF you don't have slippage while here razor accounts face slippage in execution! Of course you could even face price improvement but I still love to place limits within the spread like MBT allow to & that's fair. Why we can't do that? While we know that stops/ limits are not garateed & we face slippage like in an ECN ?

13
Brokers are angels
  • #1,000
  • Aug 28, 2012 5:45pm Aug 28, 2012 5:45pm
Quoting Robertk
Bit suspicious my TP got missed by 0.1 pip on GU while FXCM and Markets are both showing price went a whole pip lower at that specific point. Their price spiked to .158176 which would cover my TP.

Might be bad luck because this didn't occur before but I will watch it more often in the future..
Did it spike to 1.58183 for you guys as well? I am just curious since I'm still a new customer to them.

http://i49.tinypic.com/hv1ixk.jpg
Pepperstone had always better execution than FXCM! & as jack said all in bid/ask game.

13
Brokers are angels
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