LMAX = revolution?!? | Page 72 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

LMAX and Fastbrokers 20 replies

Anyone with Darwinex or LMAX? I had a little issue with AUDJPY 27 replies

LMAX? Anyone Trade With Them Here? 12 replies

Dukascopy vs LMAX - Has anyone tried either or both? 7 replies

Information about LMAX? 2 replies

Attachments: LMAX = revolution?!?
Exit Attachments

LMAX = revolution?!?

  • #1,421
  • Oct 30, 2012 6:53am Oct 30, 2012 6:53am
Quoting m.m.m.
Via PrimeXM-LiveUK.
Note: This happens at very specific price-points. Turning points, so to speak (i.e. today's happened just shy of R2 of daily PP). They prevented me two times now form taking a trade. Smart.
I mean qhat type of account do you have the classic or the exchange, Because the Classic account its the market maker version, saying that, they have reasons to temper with the connection, but the Exchange account there is no need to do anything like that, if they are doing that in an exchange account something is fishy....

The account types:

http://www.armadamarkets.com/fx-trading/account-types/

Which one do you have?
  • #1,422
  • Oct 30, 2012 7:26am Oct 30, 2012 7:26am
Quoting Demos4x
Which one do you have?
Sorry. "Exchange" (commission based).


Quoting BennyB
I think if you are serious about trading then paying 15 euros monthly for a VPS is not much.
I only trade manually.
  • #1,423
  • Oct 30, 2012 7:40am Oct 30, 2012 7:40am
Quoting m.m.m.
Sorry. "Exchange" (commission based).



I only trade manually.
Anyone else had this problem today?
  • #1,424
  • Oct 30, 2012 7:53am Oct 30, 2012 7:53am
Quoting m.m.m.
At about 10:11-10:13 GMT Armada had again a disconnect (news time - italian bond auction results).
Been with them for about 2 months now and this has happened already several times. Seems they play their games. How I hate this sh*t.
mine's fine. have you tried the backup server when that happen?
Be the market
  • #1,425
  • Oct 30, 2012 8:06am Oct 30, 2012 8:06am
One would not necessarily noticed it, unless one tried interacting with the trade server, i.e. to "ping" it or to trade at that specific price,
which not many would have done, I guess:
Attached Image (click to enlarge)
Click to Enlarge Name: no connection.png Size: 2 KB

(time is GMT+1; and, at time stamp shown, price was already "frozen" for some time)
  • #1,426
  • Oct 30, 2012 8:10am Oct 30, 2012 8:10am
Quoting m.m.m.
One would not necessarily noticed it, unless one tried interacting with the trade server, i.e. to "ping" it or to trade at that specific price,
which not many would have done, I guess.Attachment (time is GMT+1)
i don't know, but i'm always see the connection icon on the right bottom, and it always fine. In which, if the error was like in the image you've attached, MT4 should show 'No Connection' warning on the right bottom.

Have you tried the backup server when that happen?
Be the market
  • #1,427
  • Oct 30, 2012 8:50am Oct 30, 2012 8:50am
Hi everybody,
could someone confirm if it's possible to use "Multicharts DT" version without paying the API fee ?
Thanks in advance and have nice to day.
  • #1,428
  • Oct 31, 2012 6:22am Oct 31, 2012 6:22am
Quoting m.m.m.
At about 10:11-10:13 GMT Armada had again a disconnect (news time - italian bond auction results).
Been with them for about 2 months now and this has happened already several times. Seems they play their games. How I hate this sh*t.

did lmax had at the same time disconnect ?
  • #1,429
  • Nov 5, 2012 12:31pm Nov 5, 2012 12:31pm
Quoting FXrobinson
Who do you think is worth trading?
Directly with LMAX. ICMarkets and FXPro cTrader are the other alternatives now. Armada spreads are crap.
  • #1,430
  • Nov 5, 2012 7:33pm Nov 5, 2012 7:33pm
Quoting No-Luck
Directly with LMAX. ICMarkets and FXPro cTrader are the other alternatives now. Armada spreads are crap.
Hi no-luck,

Have you traded news at LMAX? i'm curious with its slippage...

Thanks
Be the market
  • #1,431
  • Nov 5, 2012 10:05pm Nov 5, 2012 10:05pm
Armada execution report:
looks like now they know i'm trading news. the news slippages become the usual broker slippage, 24 pips!

I'm still curious with LMAX news trading. Shouldn't have closed the account back then :/

or maybe i should try fxmtf?
Be the market
  • #1,432
  • Nov 6, 2012 1:19am Nov 6, 2012 1:19am
Quoting No-Luck
Directly with LMAX. ...... Armada spreads are crap.
I have also noticed that Armada have recently (a month or so maybe) started to apply additional spread on many pairs - EUR/USD is identical to LMAX (more or less), GBP/USD, AUD/USD is very similar but the spread has a higher floor on Armada (versus 0 on LMAX) and other pairs now have an additional spread of 0.4-1.4+ pips (varies per pair) on Armada

This was NOT the case when Armada first added the additional liquidity on top of LMAX, if i recollect. Armada is still slightly better when LMAX is real thin around the rollover though - and last time i tried the EUR/USD liquidity was richer for impulse scalping on Armada

Comparisons are live LMAX versus live Armada - i have both
  • #1,433
  • Nov 6, 2012 2:52am Nov 6, 2012 2:52am
So for what i'm seeing here, armada is a market maker in both accounts?
  • #1,434
  • Nov 6, 2012 2:59am Nov 6, 2012 2:59am
Quoting Demos4x
So for what i'm seeing here, armada is a market maker in both accounts?
u sure abt that? i thought that they r not a MM and since they r based at Estonia,does that mean they r less reliable?
  • #1,435
  • Nov 6, 2012 3:31am Nov 6, 2012 3:31am
Quoting fxking
u sure abt that? i thought that they r not a MM and since they r based at Estonia,does that mean they r less reliable?
I'm not sure. I'm not affirming, I am asking.

And just because they are in Estonia doesn't mean anything, the country where the company is rooted isn't a factor. You can have ECN's or market market in England, Spain, France, etc...
  • #1,436
  • Nov 6, 2012 3:38am Nov 6, 2012 3:38am
Quoting Demos4x
So for what i'm seeing here, armada is a market maker in both accounts?
Well, i'm still thinking that armada is not a broker, they're just an introducing broker. Nevertheless, both account is part of market maker of course. They're partnering with citi anyway (largest market maker).

The important thing is how they perform the execution. Ianj1 said Armada is more liquid, though the spreads is worse.

What i'm still curious is the liquidity at news time with LMAX. While i'm confident that it's the same or even worse than Armada, i still want to hear from LMAX live traders.
Be the market
  • #1,437
  • Nov 6, 2012 3:46am Nov 6, 2012 3:46am
You cant judge liquidity from MT4. You know, it lacks a marketdepth display.

As for lmax during news, they have live-prices on their website - you can check that yoursefl.
  • #1,438
  • Nov 6, 2012 4:21am Nov 6, 2012 4:21am
Quoting shrike
You cant judge liquidity from MT4. You know, it lacks a marketdepth display.

As for lmax during news, they have live-prices on their website - you can check that yoursefl.
Hi shrike,

Sorry if my "liquidity" is mistaken with marketdepth. What i mean is more to execution quality in relation of the marketdepth itself, that is, how much slippages you get when you're trading.

Yes of course i could see the depth of market price in the news, but i won't know my real filled stop order price until it's executed (also depend on the lot quantity though)

How bout yours? what kind of slippages do you often get?
Be the market
  • #1,439
  • Nov 6, 2012 4:36am Nov 6, 2012 4:36am
Very little. I don't click into news tho.
  • #1,440
  • Nov 6, 2012 7:50am Nov 6, 2012 7:50am
Quoting shrike
You cant judge liquidity from MT4. You know, it lacks a marketdepth display.

As for lmax during news, they have live-prices on their website - you can check that yourself.
I agree - Even with a level2 GUI you can't really tell visually - as the quote are mirages - they can disappear as quickly as they appear - even as an ECN. You really need to see live execution differences.

I only mention Armada have deeper liquidity because the slippage is greater on LMAX when using impulse like EA's (No.1, SS, MDP etc - i have my own)

I never tried to compare execution in news on either - so cant comment - but i can say the VISIBLE spreads are very keen on LMAX - even very close to news events - again live EXECUTION is what matters

At peak liquidity time, and NOT in an impulse move or news - i would say LMAX slippage is minimal - comparable with the best of the brokers i use (inc Pepper Razor, Armada a couple of market makers, FinFx etc)
2 traders viewing now