VT Gaps during NFP | Forex Factory

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VT Gaps during NFP

  • #1
  • First Post: Jun 5, 2006 4:16pm Jun 5, 2006 4:16pm
The VT platform with CMS is showing a large gap just after the NFP
release last Friday. I have seen this happen almost for every NFP since
I started trading almost 1 year ago. Someone suggested to me that
they think it is due to CMS losing data, but I tend to believe this is
being done deliberately by CMS. What comments does anyone have
about this? For anyone else using other brokers, were your charts
gapped as well during the last NFP?
  • #2
  • Jun 5, 2006 6:40pm Jun 5, 2006 6:40pm
it's not gapped on Oanda but it might as well be during the time the price makes a large jump. I think VT chart update every few seconds, so it misses a lot of the action. I'm not very impress with it so far.
  • #3
  • Jun 5, 2006 10:48pm Jun 5, 2006 10:48pm
I closed my account after last friday. I've had it with them. I went long on Cable after the first two spikes (at 7985 I think) order did not go through, As price continue to climb I tried it again, Didn't go again. tried it a third time it showed me "order pending" , finally price peaked out and started to fall again. Called them up, Could not help me said some heavy accented oriental. Tried to remove the order -- did not work. Finally 16 minutes after placing the order, it got removed.

Mind that this is not a "during the news" trade this trade took place after the fact (cable bounces twice in the first 10-15 minutes and i go long or short in whichever direction it breaks out) Well, this happened a couple of times. Once the server doze off at 4 am, no news, nothing, in a middle of a trade. Burned me again.

I moved to Oanda, heard good things about them.
  • #4
  • Jun 5, 2006 10:50pm Jun 5, 2006 10:50pm
I meant to say 8785
  • #5
  • Jun 6, 2006 12:32am Jun 6, 2006 12:32am
Wow diegoeq! You're on live account? That's horrible! I'm having trouble with placing orders on their demo too. Welcome to Oanda ... I like them a lot.
  • #6
  • Jun 6, 2006 7:02am Jun 6, 2006 7:02am
Quoting diegoeg
I closed my account after last friday. I've had it with them. I went long on Cable after the first two spikes (at 7985 I think) order did not go through, As price continue to climb I tried it again, Didn't go again. tried it a third time it showed me "order pending" , finally price peaked out and started to fall again. Called them up, Could not help me said some heavy accented oriental. Tried to remove the order -- did not work. Finally 16 minutes after placing the order, it got removed.

Mind that this is not a "during the news" trade this trade took place after the fact (cable bounces twice in the first 10-15 minutes and i go long or short in whichever direction it breaks out) Well, this happened a couple of times. Once the server doze off at 4 am, no news, nothing, in a middle of a trade. Burned me again.

I moved to Oanda, heard good things about them.
Same thing happened to me last Friday with CMS. I will close my account today
Ekvattiekakkie
  • #7
  • Jun 6, 2006 9:21am Jun 6, 2006 9:21am
Quoting eagle4x
The VT platform with CMS is showing a large gap just after the NFP
release last Friday. I have seen this happen almost for every NFP since
I started trading almost 1 year ago. Someone suggested to me that
they think it is due to CMS losing data, but I tend to believe this is
being done deliberately by CMS. What comments does anyone have
about this? For anyone else using other brokers, were your charts
gapped as well during the last NFP?
I am with FXSol. A sample of the 5 min GBP/USD chart which did not gap during the period concerned.
Attached Image
KISS
  • #8
  • Jun 6, 2006 9:56am Jun 6, 2006 9:56am
I have no real problems with cms at the moment - time will tell!!!!! But I was wondering is CMS the only platform that you can run the vt trading software against - I love the ability to be able to drag stops/limits around ....
  • #9
  • Edited 12:04pm Jun 6, 2006 11:54am | Edited 12:04pm
There are other brokers besides CMS that use the VT package there is a thread somewhere that lists them all. edit: check out this thread http://www.forexfactory.com/forexfor...&highlight=cms
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #10
  • Jun 9, 2006 6:31pm Jun 9, 2006 6:31pm
I sent an e-mail to CMS and asked why their charts are gapped during almost
every NFP. Here is their response:

"During the NFP, unfortunately due to the extreme fast moving market, our demo was not able to update the chart with the latest candle even though the market had touch the price for the gap area of the chart."

I then replied that I have some friends that trade live with CMS and they said their charts are gapped also during NFP. Here is their response:

"It is the same for the live charts for the NFP. Since you have a demo account, therefore I am address your chart as demo. If you have further questions, please contact us again."

I'm not buying it. The screenshot posted by "wee" in post #7 of this thread clearly shows that FXSol charts are not gapped.

Any comments about this appreciated.
  • #11
  • Last Post: Jun 10, 2006 8:48am Jun 10, 2006 8:48am
I finally closed my account with received my check and done...

Thanks to their crappy system I lost a lot of money that I shouldn't have. (I made the right decisions at the right time)I pull the trigger in great entries, and their system would not send the order, would spit an error, sometimes the system totally hung, Sometimes I could not exit my positions. I don't think that they do it on purpose, as I've hears som brokers do, BUT my suggestion STAY THE HELL AWAY FROM THEM!!!!

Been a week with OANDA, and I am in love. The orders go through so fast and so smooth, plus the 1.5 spread on EUR/USD is GREAT!!!! I can scalp like an angry indian, I love it. I am making my money back!!!! OANDA all the way!!!
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