FX market manipulation – new software unveiled | Forex Factory

FX market manipulation – new software unveiled | Forex Factory

FX market manipulation – new software unveiled

From fx-mm.com

Software AG (Frankfurt TecDAX: SOW) today unveiled the latest addition to its Apama market surveillance solution with alerts to identify FX (foreign exchange) market manipulation and benchmark fixing. Developed in partnership with tier one banks, these new alerts provide compliance and market monitoring personnel with in-depth monitoring of FX trading, to identify benchmark fixing, cross-liquidity venue manipulation and other suspicious behaviour. In addition, it enables trading institutions to customise real-time detection scenarios to meet business specific needs and to evolve surveillance in response to the latest ... (full story)

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Mar 13, 2014 4:17pm

Read again, guys.

This software is for "clients", who want to be sure their "compliance" dept. can ferret out potential problematic trading within the house, and otherwise spot unique "situations" so the house can respond in a "take advantage" way.

There is nothing here being done to prevent the sort of Market Maker price manipulations that the Market Makers regularly engage in to assure their own profits; to deceive and thieve.

Mar 14, 2014 1:46am

Quoting Sassy2010

Disliked

Don't get too excited about all of this. Forex brokers and the liquidity providers work hand in hand, they share in the loot and these latest developments must be taken with a fair amount of salt. The so-called platform upgrades in particular on the MT4 and MT5 platforms are designed to enter your computers, manipulate your indicators in front of your eyes and you can do nothing about it.

They manipulate and control your indicators by inter alia constantly adjusting the scale on the platforms that will affect the accuracy of your indicators...

Ignored

thanks for you advice you said it correct and now will act like you say thank you

Mar 13, 2014 11:12pm

Quoting Squeeze

Disliked

Small traders lose their money because they're shit gamblers.

Ignored

For once I agree with you - not in so stern wording but yes - most retail traders simply lack a serious plan and desire to gain wealth.

Mar 13, 2014 11:15pm

Well they have office in BG and I know 2 of the guys working there - might take them a visit and have a little chat: "Why you bad bad boys are doing software that only pretend to help the poor little trader?!" :-))).

Mar 14, 2014 4:15am

Quoting 111ForexGuru

Disliked

Good stint by the big players to divert attention from their role in manipulation.
However manipulation is an integral part of any trading environment and will always exist no matter what.
Retail Traders need to learn to earn in the presence of such forces of manipulation.

Ignored

Exactly, it's a zero-sum game, there cannot be sanity in the market, someone has to lose for someone else to win.

Mar 13, 2014 4:48pm

Ya think, and in your saner world you honestly think you've more chance of making money?

Quoting Huntpips

Disliked

This is Good news to retail trades, these manipulators will be stopped by all means so that we can have sanity in the market.

Ignored

Mar 13, 2014 4:49pm

Small traders lose their money because they're shit gamblers.

Quoting palinco

Disliked

Good news. Long awaited development. These manipulators have caused small traders to lose many of their accounts, because of the greed of the so called "Big Boys".

Ignored

Mar 14, 2014 4:22am

Big boy? No. The version of manipulation created by the movers and makers benefits traders on the retail side, its miles away from the mischief your broker is up to daily by shaving pips at every opportunity. Without it, high level market control, the markets might be absolutely untradable for retail traders.

Quoting palinco

Disliked

So are you one of the Big Boys?
Apart from gambling the small traders are victims of big boys manipulations.

Ignored

Mar 14, 2014 4:28am

Good advice there for those who don't use a separate charting package. For retail I'd suggest pro real time. Only a few quid a month iirc.

Quoting Sassy2010

Disliked

Don't get too excited about all of this. Forex brokers and the liquidity providers work hand in hand, they share in the loot and these latest developments must be taken with a fair amount of salt. The so-called platform upgrades in particular on the MT4 and MT5 platforms are designed to enter your computers, manipulate your indicators in front of your eyes and you can do nothing about it.

They manipulate and control your indicators by inter alia constantly adjusting the scale on the platforms that will affect the accuracy of your indicators...

Ignored

Mar 14, 2014 6:43am

The majority of traders on FF trade buttons, think 200-300 dollars. They cant afford to trade futures properly, even trading emini is met with puzzled queries.

Quoting ReaM

Disliked

Just trade futures, guys... Currency futures.

Forex brokers cheated me out of thousands. It's absolutely unacceptable to get a fill for a price that never existed in the market.

Ignored

Mar 14, 2014 7:40am

It's no secret just logic. If we accept that circa 92% of FX trading is institutional and that retail is an accident of birth, simply existing in the dead coma trail as the institutions blaze across the skies, then if we alter systemically the methods by which institutions operate it could have/would have a deep and catastrophic affect on retail trading.

Retail doesn't push price up or down to key pivot point levels, retail doesn't create those 'luverly' month long trends on the Aussie or kiwi, take away parts of how the market makers and movers operate and we could have an unplayable game. Think about price zig zagging everywhere in a totally chaotic structure where you couldn't even get a trade on...if you're a successful retail trader you'll be quite happy with the status quo and wouldn't want any systemic changes.

Quoting sliqdaddy91

Disliked

Squeeze can you elaborate on your last point. How do the movers and makers create distinct set ups for retail traders? You and Spread have mentioned this similar point before, but I cannot recall either of you two elaborating on the issue...

It would be greatly appreciated as I'd like to learn why that is...

Thanks

Ignored

Mar 13, 2014 3:44pm

Great to hear somebody on the other side is working so hard for the little guys... Well Done!!!

Mar 14, 2014 6:24am

Just trade futures, guys... Currency futures.

Forex brokers cheated me out of thousands. It's absolutely unacceptable to get a fill for a price that never existed in the market.

Mar 14, 2014 1:10am

Quoting 111ForexGuru

Disliked

Good stint by the big players to divert attention from their role in manipulation.
However manipulation is an integral part of any trading environment and will always exist no matter what.
Retail Traders need to learn to earn in the presence of such forces of manipulation.

Ignored

true

Mar 14, 2014 1:17am

Quoting Huntpips

Disliked

This is Good news to retail trades, these manipulators will be stopped by all means so that we can have sanity in the market.

Ignored

Big players are part of the equation of any market move...

Mar 14, 2014 2:11pm

Quoting vladputin

Disliked

More buyers than sellers and price goes up.

More sellers than buyers and price goes down.

Everything else is nonsense

Ignored

Agree..

Mar 14, 2014 12:58am

Don't get too excited about all of this. Forex brokers and the liquidity providers work hand in hand, they share in the loot and these latest developments must be taken with a fair amount of salt. The so-called platform upgrades in particular on the MT4 and MT5 platforms are designed to enter your computers, manipulate your indicators in front of your eyes and you can do nothing about it.

They manipulate and control your indicators by inter alia constantly adjusting the scale on the platforms that will affect the accuracy of your indicators on your screens. All these indicators that are freely available and even those that you purchase are mostly planted. Forex brokers and liquidity providers are fully aware of the popular indicators that traders use and they know exactly at what time traders will enter the market as per the popular indicators. Their computer programmes monitor and control these indicators, indicators are what they are indicators linked to market manipulation, mostly price related.

Their computer programmes already accommodate these indicators and record the stop losses so entered by traders. The forex brokers and liquidity providers' computer programmes accordingly hunt the stop losses. There is no such thing as a market, it is a rigged gambling programme in which governments and the liquidity providers work hand in hand to cream off from innocent participants through an illicit scheme. They also use the so-called economic announcements released at strategic times to manipulate price movements, all part of the constructed scheme.

No person must trade from a MT4 platform on which they have installed their indicators. Keep your indicators on a separate computer and trade from another computer on which you have not installed your trading indicators and do not use the same account. By entering stop losses and to some extent profit takes you open your hand for their computers to collectively counter your positions.

Forex brokers and liquidity providers have full access to what you are doing, how you are doing it and when you are doing it and they will counter your trades cleaning you out. You do not have the same advantage and/or benefit and are left at their mercy. They apply the doctrine of 'a fool and his money is soon parted' and that there will be thousands more tomorrow - they will clean you out through their stop loss hunting programmes.

No doubt there will be a response to this and the usual denials by brokers and liquidity providers, They are required to identify the forex broker and liquidity provider on whose behalf they will be responding alternatively they will stay under the radar.

Mar 14, 2014 1:22am

Hi Sassy, thanks so much - I have certainly wondered about all you say, despite being fairly new at fx. If I set up 2 accounts, is it ok to do that on a laptop and pc from the same system? ie same wireless, BT line etc. ?

Mar 14, 2014 3:00am

Quoting sailorbob

Disliked

Hi Sassy, thanks so much - I have certainly wondered about all you say, despite being fairly new at fx. If I set up 2 accounts, is it ok to do that on a laptop and pc from the same system? ie same wireless, BT line etc. ?

Ignored

You can use the same connection as long as it is two different accounts, open a separate account in a different name with the minimum amount but don't trade on the account.

Mar 13, 2014 2:55pm

This is Good news to retail trades, these manipulators will be stopped by all means so that we can have sanity in the market.

Mar 13, 2014 4:40pm

Execution of big institutional orders at WM/R fixing is different world and I cant see how small retail traders because of that at 4PM GMT blowing their accounts

Mar 13, 2014 8:22pm

Quoting Squeeze

Disliked

Small traders lose their money because they're shit gamblers.

Ignored

So are you one of the Big Boys?
Apart from gambling the small traders are victims of big boys manipulations.

Mar 13, 2014 10:01pm

Good stint by the big players to divert attention from their role in manipulation.
However manipulation is an integral part of any trading environment and will always exist no matter what.
Retail Traders need to learn to earn in the presence of such forces of manipulation.

Mar 14, 2014 1:44am

Quoting Huntpips

Disliked

This is Good news to retail trades, these manipulators will be stopped by all means so that we can have sanity in the market.

Ignored

Way off the mark bud, this is so we can oversee our departments, as that's we're told me must do by the regulators.

Dr John Bates, CTO Intelligent Business Operations & Big Data, Software AG, said:
"Like chasing a Ferrari on a bicycle"
From a guy who designed the software, that you think is going to save you, from the big scary banks around the world coniving and trying to get your tuppence.

Market Makers are liquidity providers, Their business model is a simple and effective one.
Accumulation of orders, Manipulation, Profit release.
Once you can accept these phases and understand them, you will be a better trader.
Sassy 2010 gets close, and a few other incisive comments as well.

This is their business, you don't get to walk into the shop and walk out without paying anywhere else, why do you think it should be any different in Fx.
You are invited to join the profit release phase, as this is what they plan. Retail traders are not the target, brokers need retail traders, MM don't. 90% is institutional money.

If you ever get stopped out. Don't bitch about it, My old boss used to say.
"Think of it as the price you paid for your education, if you don't learn, you won't earn"
Have a nice day, and a nicer weekend if 1.3788 is done before Lunch :-)

Mar 14, 2014 7:23am

Quoting Squeeze

Disliked

Big boy? No. The version of manipulation created by the movers and makers benefits traders on the retail side, its miles away from the mischief your broker is up to daily by shaving pips at every opportunity. Without it, high level market control, the markets might be absolutely untradable for retail traders.

Ignored

Squeeze can you elaborate on your last point. How do the movers and makers create distinct set ups for retail traders? You and Spread have mentioned this similar point before, but I cannot recall either of you two elaborating on the issue...

It would be greatly appreciated as I'd like to learn why that is...

Thanks

Jun 13, 2014 3:43am

I have read studies on market manipulation.
some is bs
some is real.
we don't see the entire picture.
we don't see when a country floods the market over a period of 5 days.
we don't see when a Swiss hedge fund buys gold for 12 million CHF.
we don't see when a bunch of Chinese mi/billionaires decide to splurge on commodities.
we don't see when insiders know the next US Fed decision, by hunch or educated guess.
my point is that we only know our perspective and the sources we have access to.
that might make 5 to 20 % of the overall picture.
how much more is there out there that we have no clue about and that influences fx rates?
that might be up to 95 % of the rest.
and then s**t happens and we say 'oh the market is manipulated..'
if we had access to all the information, at every second, we would not say that.
but then, we would most likely suffer from extreme sensory overload.

Mar 14, 2014 1:12am

Quoting Squeeze

Disliked

Small traders lose their money because they're shit gamblers.

Ignored

agreed..

Mar 13, 2014 3:02pm

Good news. Long awaited development. These manipulators have caused small traders to lose many of their accounts, because of the greed of the so called "Big Boys".

Mar 14, 2014 8:15am

More buyers than sellers and price goes up.

More sellers than buyers and price goes down.

Everything else is nonsense

Trader#719D

Mar 13, 2014 5:38pm

charts tell you what the market is doing especially the big money. If you are not making money you do not know how to read the charts. Has nothing to do with manipulation

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Mar 13, 2014 2:47pm
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