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  • #2,101
  • Mar 7, 2013 4:32pm Mar 7, 2013 4:32pm
Quoting ramy3
To be honest, this is how i feel at the moment. Enjoy!!!

ROFLMAO, do we need to call 911 ?
you guys are too funny, in fact this thread is becoming the funniest and maybe the most read.
I express the wish to Twee to label me as a commercial member, nothing to sell but i want to be a clown too.
  • #2,102
  • Edited 4:59pm Mar 7, 2013 4:42pm | Edited 4:59pm
Quoting duxis
ROFLMAO, do we need to call 911 ?
you guys are too funny, in fact this thread is becoming the funniest and maybe the most read.
I express the wish to Twee to label me as a commercial member, nothing to sell but i want to be a clown too.
I apologized at first, thinking you might be slow to understand and was trying to be nice. Will not apologize anymore beyond this point. If the only pleasure you get out of life is saying stupid remarks, well move on. Pretty much ends what I have to say to you. Besides spreading your ridiculous nonsenses find some friends, might help you.

Enjoy your life Duxis.
Fuck Forex Factory.Wake up people.
  • #2,103
  • Mar 7, 2013 5:12pm Mar 7, 2013 5:12pm
Quote
Will not apologize beyond this point


mate, you are too susceptible, where is your sense of humour ?
finally what matters ? your trading results or the frustration engendered by a broken toy ?
I would be agree with you of certain of my character traits, trading since 90's and still alive, in a zero sum game you need to be a predator and a killer, apologies.
  • #2,104
  • Mar 8, 2013 4:04am Mar 8, 2013 4:04am
Nope, not a dream, still a comercial member. man...
Fuck Forex Factory.Wake up people.
  • #2,105
  • Mar 9, 2013 8:45pm Mar 9, 2013 8:45pm
Quoting ramy3
Nope, not a dream, still a comercial member. man...
Same here.

Man is this ever draining. Twee's last email to me didn't shed any more light on the situation, it actually just made me sad to hear his thoughts.

I've been so flustered lately I found myself revenge trading in forex last Friday, making mistakes I haven't made in ages, needlessly burning away a few bucks in the process... trading is so mentally/emotionally connected it's not even funny.

I'm glad I took a few days to think on all this before returning to the thread. No sense in saying anything in anger/frustration I don't fully mean.

I hate dwelling on the negatives, so I'm thinking now about what positives I can make of this. Maybe start up a forum of my own? Try out some coaching services marketed here? Actually promote a broker on ForexFactory instead of just being accused of it (LOL)?

Just playing with ideas right now. Not making any solid plans yet, as I still hold out some hope that saner heads will prevail and all will be restored..eventually.

Til then, as the saying goes: when life gives you lemons...

--

Moving forward, we should treat this thread like it's always been treated, a place to talk about Pepper. Life goes on. This broker still provides a great service to traders here (including myself and Ramy), no sense in everyone suffering. And the thread is still open to the community to use.



P.S: It looks like ForexFactory finally fixed the post preview button on new posts! YAY!
FXGears.com
  • #2,106
  • Mar 9, 2013 11:20pm Mar 9, 2013 11:20pm
Looks like all the good threads on FF are now consigned to the Commercial Content area.

This site is really starting to loose its attraction. For a long while, FF was the only site I checked daily, now I've got a couple of others I run through instead.

Jack, I have loved your detailed knowledge you have provided here, and if you did start your own forum, just let us all know the address.

Peter.
Holy Grail part 1. - Cut loses short.
  • #2,107
  • Mar 10, 2013 5:21am Mar 10, 2013 5:21am
Hello,

I wrote about 2 or 3 posts here but mainly read the whole thread.
I have to say it really pisses me off all this bashing!

I learned so much info from here that helped me understand things better, most from Jack's posts, that actually gave me decent profits till now, including his "so you want to become a proffessional trader" post.

Jack had positive posts about Pepper when everything was good but i remember criticizem when problems showed up.
People here are such in a hurry to bash other's without an evidence, all the informative and helpfull posts a person wrote are set aside to crucify him.

I'm a satisfied Pepperstone client - does that mean they pay me 20$ to say that ??

move on...
  • #2,108
  • Mar 10, 2013 10:20am Mar 10, 2013 10:20am
Quoting Eyal_89
People here are such in a hurry to bash other's without an evidence

for this case a fine thread between suspicion and evidence. Arrived after the facts , i never complained to moderators, i just expressed my sentiment on the board.
Nobody was bannished, you are still in an open space, discussion still opened, and you are crying like sissies by not beeing under the spotlights ?
c'mon guys ! slow down your ego and let it relax.

For example, read the last thread UMOFX by Asiadev, no evidence but for me an obvious fact that he use FF to promote his bucketshop (Ikofx scam), it's my sentiment, and with JL "ghettoized" i don't understand why this thread still in "broker area".
  • #2,109
  • Mar 10, 2013 11:35am Mar 10, 2013 11:35am
Jack

Since I can't PM you on here, I've just dropped you an email at [email protected]
  • #2,110
  • Mar 10, 2013 11:55am Mar 10, 2013 11:55am
what do you guys get from here as a commercial members ... does it pay good?
let the chart to be your chauffeur ... -Forexmnstr-
  • #2,111
  • Mar 11, 2013 12:03pm Mar 11, 2013 12:03pm
hi, please as Pepperstone is a ECN broker

WHY Razor ECN acounts didn't allow me to but stopLose or TakeProfit as near as at lest 0 pip, Like all other broker ?

WHY Pepperstone require at least 20 pip (5digit) to pend order or put SL or TP ? THIS IS A LOT ..
  • #2,112
  • Mar 11, 2013 12:47pm Mar 11, 2013 12:47pm
Quoting IAEBusiness
hi, please as Pepperstone is a ECN broker

WHY Razor ECN acounts didn't allow me to but stopLose or TakeProfit as near as at lest 0 pip, Like all other broker ?

WHY Pepperstone require at least 20 pip (5digit) to pend order or put SL or TP ? THIS IS A LOT ..
The why I am not sure - If I recall, to overcome the server's BIG hit on resources on fast scalpers that used 0 stop-loss distance.
Regarding 20 pips, it's a BUG in metatrader, is 20 points, with 5 digits, is 2 pips.

Best
Diogo
  • #2,113
  • Mar 11, 2013 1:30pm Mar 11, 2013 1:30pm
Quoting diogo
The why I am not sure - If I recall, to overcome the server's BIG hit on resources on fast scalpers that used 0 stop-loss distance.
Regarding 20 pips, it's a BUG in metatrader, is 20 points, with 5 digits, is 2 pips.

Best
Diogo
So, what is it mean that they are ECN broker ?
and so, the scalpers whose hunt for 1-2 pip Pepperstone is not their place
  • #2,114
  • Mar 11, 2013 1:52pm Mar 11, 2013 1:52pm
Quoting IAEBusiness
So, what is it mean that they are ECN broker ?
This one is better for Jack - I guess he already elaborated on this before, please check thread history.

Quoting IAEBusiness
and so, the scalpers whose hunt for 1-2 pip Pepperstone is not their place
I used MDP (fast scalper) for quite a while on Pepperstone and it worked fine - I am not sure if I understand your claim that "is not their place".

Best regards
Diogo
  • #2,115
  • Mar 11, 2013 2:28pm Mar 11, 2013 2:28pm
Quoting IAEBusiness
and so, the scalpers whose hunt for 1-2 pip Pepperstone is not their place
I brought this up with Pepper rather recently, since I noticed it was one of the differences Pepper had over other brokers.

The response I got back said that they looked at this a long while ago when they were first setting things up and found that MT4 Server gets hit hard by users who use trailing stops that follow a pipette or two behind the market quote and this causes a lot of server load which can affect other people's trades. They would rather annoy a few ultra aggressive tick scalpers with the 2 pip stop limit than make execution suck for manual traders.

However, since I brought it up, and it was a long while ago since they last visited the issue, my rep said he was going to bring this up with the team and see if it can be lowered or removed (say, if there's a new way to handle the trailers.) They referenced a 1 pip limit which is what FinFX uses now on their server.

So really, it sounds like a task to compensate for shortcomings in MT4 (I'll say it again, the more and more I learn about MT4 Server as a platform the more I think it needs to be brought out behind the water shed and put to rest.)

Personally, I wasn't 100% on this answer from my rep since in my mind any trailing stop will cause the same amount of order updates, be it 2 pips away or less... but I suppose there's EAs and users that focus specifically on ultra tight trailing stops and making them available would have them pile in causing all sorts of toxic order flow. (I don't know if you've been reading around, but a few brokers, Australian based even, that are known for providing 0 pip stop levels have been having tonnes of problems with slippage lately, especially when handling orders in faster moving markets.) In the end, this is where having optics inside a broker and how their server handles order flow would would help answer what the difference is... and that I don't have.


As for your question on ECNs in general, yes I have posted a few times in this thread (and others) about the differences between ECNs and what ECN even means despite what some brokers like to spin in their marketing terms. I'll quote it.
FXGears.com
  • #2,116
  • Mar 11, 2013 2:30pm Mar 11, 2013 2:30pm
Quoting Jack_Larkin
As for your question on ECNs in general, yes I have posted a few times in this thread (and others) about the differences between ECNs and what ECN even means despite what some brokers like to spin in their marketing terms. I'll quote it.

*below*

Quoting Jack_Larkin
ECN only means an electronic communications network, which Pepper built out to interconnect with the banks and liquidity providers they work with. This "true" business is a really horrible marketing term that some other brokers fling around to differentiate themselves. ("Horrible" in the sense that it has confused traders or even caused some to go on a near crusade online against other brokers all based on this marketing spin.)

ECNs can have different features between them: Some will offer liquidity participation, some will be liquidity taking only, some will have different classes of participants, some will be built on an exchange model, others on dark pools and liquidity providers.. etc... all are valid.

Heck, if you really want to bend your brain, would you believe that there's an equity ECN that doesn't even apply FIFO on their orderbook? I kid you not, PHLX (Philadelphia Exchange) handling Nasdaq or NYSE listed stocks takes any liquidity removing order and pieces it out evenly across their order book instead of giving it all to the first person in line (so long as it's all at the same price of course.) Guess what? Still a valid "ECN"... getting a little off topic, but just illustrating my point.

Pepper's setup takes the raw quotes direct from their liquidity providers and banks, across the network they built out to facilitate this, and passes the quotes on (with no changes) to their clients. When a client places a trade, they act in the agency model to handle the trade, making a commission for passing on the trade back over their network to the LPs/banks. To make sure these banks and liquidity providers can't target specific clients, Pepper does all this dealing direct with the LPs/banks on your behalf, so all the institutions ever see is Pepper making the trade, allowing you to remain anonymous and free from institutions up the food chain messing with you. This is the ECN that Pepper provides, different from some other ECNs, different features, different specifications.. some feature limitations thanks to the platform (Metatrader 4) and some perks thanks to their specific agreements with their partner LPs.
I will add that this is how I see it, coming from the equity world where ECNs take up all shapes and sizes. Based on an article I read about the prevalence of dark pools in forex, and how they hook into ECN models that aren't exchange based (liquidity taking only,) and a few well crafted questions around the industry, Pepper's trading environment fits their use of the term "ECN" just fine.
FXGears.com
  • #2,117
  • Mar 11, 2013 5:56pm Mar 11, 2013 5:56pm
thanks diogo
i think you understand me fine.

thanks Jack

but i think that if they removed this limitation it will be nice but let's talk about at minimum make it 1 pip and it also will be great
i hope they fulfill this at near time, and i will wait for sound they announce this.

and thanks for your clarifying about ECN

thanks all
  • #2,118
  • Mar 12, 2013 3:41am Mar 12, 2013 3:41am
BTW there is a new MT4 build 482, I don't think Pepperstone offers it yet but it does look like it will have an interesting feature that should have been implemented years ago. Full change log here http://forum.mql4.com/54431

Terminal: Increased the number of allowed parallel trading operations for MQL4 programs - up to 8 parallel trade requests are allowed now. This ensures uninterrupted simultaneous trading of several scripts or Expert Advisors - it means that it is almost impossible to receive "Trade context is busy" error code in normal conditions.

Also it now supports one click trading out of the box:

Terminal: Added one click trading panel.
  • #2,119
  • Mar 12, 2013 7:21am Mar 12, 2013 7:21am
Quoting ramy3
Think Bogus asked you a question about proof and/or wrong doing. Besides me helping and sharing EAs and indis. Waiting for reply.
Very funny!
Let it turn and find your entry.
  • #2,120
  • Edited 9:44am Mar 12, 2013 9:19am | Edited 9:44am
Quoting Primi
[...]
Terminal: Increased the number of allowed parallel trading operations for MQL4 programs - up to 8 parallel trade requests are allowed now. This ensures uninterrupted simultaneous trading of several scripts or Expert Advisors - it means that it is almost impossible to receive "Trade context is busy" error code in normal conditions.
[...]
Wait, what? *blinks* ..I'm dreaming right? This is a dream and I'm about to wake up?

Seriously, that's awesome. I might actually have something positive to say about MetaQuotes for a change if they keep breathing new life into MT4 like this.

I don't know about you, but I'll sure be asking when we see this build pushed out to us. I read about the one-click-trader part on a news site but missed the multi-order-processing bit.


Edit: Upon review, it's still good, but not as good as I first thought. Just able to manage up to 8 orders in process at once. The app remains unthreaded even in order execution.
FXGears.com
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