How do you avoid re-quotes?

Quoting zkudett

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Hi All, I am trying to trade news with high impact on volatility. Do you have any idea how to avoid re-quotes like this: 14:30:18: instant order sell 0.3 USDJPY at 101.561 sl: 0.000 tp: 0.000 14:30:18: request was accepted by server 14:30:19: request in process 14:30:20: requote 101.486 / 101.528 for open sell 0.03 USDJPY at 101.561 sl: 0.000 tp: 0.000 In these cases the broker refuses my trade. I'm at Alpari UK, with Classic account. Thanks, Z

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Quoting cogs

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Pending orders don't make any difference, they just slip you the same amount as a requote. Go ECN, as previously stated. There are some brokers that simply don't requote anymore. Shop around.

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Quoting M.A.C.Doug

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{quote} Although you wont get requoted and your order will be filled, ecn wont prevent slippage. The big difference between ecn and market makers though, is that market maker will make you pay for negative slippage but they will only honor your target keeping any positive slip for themselves. Have a look at my TP orders in my ecn account, that got slipped upto 17 pips in my favour after flash pmi caused a price gap past my pending orders. It was great {image}

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Quoting Forexia

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{quote} Yeah it's the -ve slippages that we worry about and I agree that sometimes you do get +ve slippages from ECN brokers but 17 pips in your favour??? That's HUGE!! Which broker do you use?

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Quoting M.A.C.Doug

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{quote} It was huge. I knew my TP had been hit but didnt understand where all the money came from at first. I was only targeting 5 pips and got between 17 and 22 pips per position. Having said that I would have been screaming blue murder had I been long and copped that slippage on my stops. As a scalper with tight stops I just have to keep a closer eye on the calender and flatten out before releases. I use IC Markets true ecn. Use an IB for discounted commission

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Quoting Forexia

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{quote} Wow 22 pips on a scalp??? Whoa, you must be like jumping through the roof in joy that day. LOL Yes I can see if you had been on the wrong side, you would've been crying though. I used to get +ve slippages with my broker but lately these +ve slippages have since disappeared; I have always been filled right on the 1/100 of the cent. Maybe they've got too many people caught on the wrong side screaming blue murders to them when they got the -ve slippage or maybe they are starting to pocket some of the slippages as they did lower their commissions....

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Quoting Forexia

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They offer two types of ECN accounts: True ECN and cTrader ECN. What's the difference between these two? Thanks p.s. I dunno who's the in the video. sorry.

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Quoting M.A.C.Doug

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{quote} they are both true ecn but one is MT4 and the other uses the ctrader platform. The ctrader account is a superior trading platform and can actually pass on inverse spreads which MT4 is not able to do. The drawback with ctrader is the commission is charged in units of the base currency as opposed to the MT4 account which uses USD as the commission currency. As a scalper I need the lowest possible trading costs, so obviously I trade EUR/USD with the tightest spread. As the commission rate in ctrader is charged per unit of EUR, and the value...

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Quoting Forexia

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{quote} You are kidding me. You get INVERSE spreads from IC Market??? INVERSE SPREAD. That's riskless arbitrage!!! I have NEVER seen those ever in my trading career from any brokers, platforms or what not. No wonder you make so much profit scalping. :-) What's the commission like on cTrader ECN? And yeah links to good IB's would be nice. Thanks so much.

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Quoting M.A.C.Doug

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{quote} Give this guy a try - he goes into bat for you if you have any issues http://icmarkets.com/?camp=1053 Tell him macdoug sent you - If this keeps up Im going to ask him for a rebate on my rebate

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Quoting M.A.C.Doug

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{quote} The standard commission rate for MT4 is $7/rtl. ctrader is comparable except it will cost a couple of bucks more if trading Pound or Euro, or a couple of bucks less if trading AUD or Yen. (roughly, you will have to do your own research to get exact amounts as it depends on what the value of the base currency is at the time) An IB will get you $1.50/rtl to make the commission cost around half a pip per completed trade. Unless you are doing 2000 lots a month, thats the best deal your going to get anywhere unless you go scam bucket shop Give...

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Quoting Forexia

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{quote} Btw, have you ever had any ssues with them charging you hefty bank fees when you deposit or withdraw funds from your account? I found this story from this guy in Vancouver Canada who incured quite large fees when trying to fund his account. Would love to hear your take on this. http://www.forexpeacearmy.com/public....icmarkets.com One thing good though: IC Markets does take Canadian clients.

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Quoting M.A.C.Doug

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{quote} They have over 11 different deposit methods, Im sure one of them will be zero or low cost for you. Im an Aussie so any form of transfer is free for me

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Quoting M.A.C.Doug

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{quote} The standard commission rate for MT4 is $7/rtl. ctrader is comparable except it will cost a couple of bucks more if trading Pound or Euro, or a couple of bucks less if trading AUD or Yen. (roughly, you will have to do your own research to get exact amounts as it depends on what the value of the base currency is at the time) An IB will get you $1.50/rtl to make the commission cost around half a pip per completed trade. Unless you are doing 2000 lots a month, thats the best deal your going to get anywhere unless you go scam bucket shop Give...

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