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  • #11,361
  • Mar 23, 2014 9:08pm Mar 23, 2014 9:08pm
Quoting nitecop
{quote} Tony can you please tell what kinda of Stop loss slippage you get with oanda? if it's acceptable, I'm switching tmr!
Gosh NC, think is time to bid adieu to Duka!
  • #11,362
  • Mar 23, 2014 9:09pm Mar 23, 2014 9:09pm
Took a revenge sell on Aud/Cad...
  • #11,363
  • Mar 23, 2014 9:11pm Mar 23, 2014 9:11pm
Quoting Wigglesworth
{quote} Gosh NC, think is time to bid adieu to Duka!

I know right! there is no way i can survive with a broker with a slow execution rate (in trading terms) when pros are doing it below 5ms while duka is 580 ms!!! maybe i'll have a chance with well regulated market maker until i have capital for a prime broker btw i also found out LMAX is restricted for canadians! bah humbug!
  • #11,364
  • Mar 23, 2014 9:14pm Mar 23, 2014 9:14pm
Quoting nitecop
{quote} I know right! there is no way i can survive with a broker with a slow execution rate (in trading terms) when pros are doing it below 5ms while duka is 580 ms!!! maybe i'll have a chance with well regulated market maker until i have capital for a prime broker btw i also found out LMAX is restricted for canadians! bah humbug!
You gotta be able to somewhat trust your broker and they breached your trust it and are doing nothing to gain it back...That's not a good relationship!!
  • #11,365
  • Mar 23, 2014 9:17pm Mar 23, 2014 9:17pm
Quoting Wigglesworth
{quote} You gotta be able to somewhat trust your broker and they breached your trust it and are doing nothing to gain it back...That's not a good relationship!!

I think i can trust them in terms of not stealing, but I dont think i can trust them to execute my stop loss in time i.e. being profitable for news trading. They have great platform, regulation and data feed but order execution is way more important to me.. and i feel the only way to use duka is if you are a swing or position trader.
  • #11,366
  • Mar 23, 2014 9:22pm Mar 23, 2014 9:22pm
Quoting NikolasII
As they say ...good start is half job done Clean shoot ,s/l at break even took 50% position with 35 pips in plus rest of it gonna see if this baby will be willing to go up more. {image}
Hi Nikolas

Did placed a buy market order 2 mins before the news or how did you played this to escape the slippage?
  • #11,367
  • Mar 23, 2014 9:23pm Mar 23, 2014 9:23pm
Quoting nitecop
{quote} Tony can you please tell what kinda of Stop loss slippage you get with oanda? if it's acceptable, I'm switching tmr!
0 pips slippage. Except you get spreads of 20 pips... if you enter before news you get - 10 pips on a 20 pip spread. I don't know if you follow me...
Invest in alarm clocks
  • #11,368
  • Mar 23, 2014 9:25pm Mar 23, 2014 9:25pm
Quoting Tony112
{quote} 0 pips slippage. Except you get spreads of 20 pips... if you enter before news you get - 10 pips on a 20 pip spread. I don't know if you follow me...

so before news spread is 10 and during it's 20? and wow really ZERO slippage?!?!
  • #11,369
  • Mar 23, 2014 9:27pm Mar 23, 2014 9:27pm
I also took some profit and set rest to BE.

haha.. took some profit to cover last week losing trades.
Attached Image
  • #11,370
  • Mar 23, 2014 9:30pm Mar 23, 2014 9:30pm
Quoting Tony112
{quote} 0 pips slippage. Except you get spreads of 20 pips... if you enter before news you get - 10 pips on a 20 pip spread. I don't know if you follow me...
Hi Tony,

Did you placed a buy market order on EurAud 2 mins before news as in page 1 for this trade?
And from your experience what impacts does this scenario have on your account, placing a buy order and the pair moved south (instead of your anticipated north) after the news release. or do you re-enter?
Have you tried out placing a straddle buy on a single pair e.g AUD by buying EURAUD and AUDUSD, if the news moved north or south (without whipsaw ) one will be a loss and the other a profit?
  • #11,371
  • Mar 23, 2014 9:39pm Mar 23, 2014 9:39pm
Quoting iddy
{quote} Hi Tony, Did you placed a buy market order on EurAud 2 mins before news as in page 1 for this trade? And from your experience what impacts does this scenario have on your account, placing a buy order and the pair moved south (instead of your anticipated north) after the news release. or do you re-enter? Have you tried out placing a straddle buy on a single pair e.g AUD by buying EURAUD and AUDUSD, if the news moved north or south (without whipsaw ) one will be a loss and the other a profit?

I keep it simple .... I buy with a tight SL
Invest in alarm clocks
  • #11,372
  • Mar 23, 2014 9:39pm Mar 23, 2014 9:39pm
Quoting iddy
{quote} Hi Nikolas Did placed a buy market order 2 mins before the news or how did you played this to escape the slippage?
Hey Iddy!

I went long about minute before the news,stop loss was 16pips.the spread 20-10 seconds before the news reached 7pips instead of usual 4. after that I was more focus to get my s/l to b/e so didn't notice how much larger it got.
  • #11,373
  • Mar 23, 2014 9:54pm Mar 23, 2014 9:54pm
Thanks Tony and Nikolas,sounds like been in the trade before the news release is the long term approach to profitability. I currently set pending orders with some gaps above the news hoping to join the big move as it progress during the news minutes but the constant slippage has proved that strategy to be unwise and unprofitable. i will now ditch that for buy order before the news.
  • #11,374
  • Mar 23, 2014 10:04pm Mar 23, 2014 10:04pm
Quoting NikolasII
{quote} Hey Iddy! I went long about minute before the news,stop loss was 16pips.the spread 20-10 seconds before the news reached 7pips instead of usual 4. after that I was more focus to get my s/l to b/e so didn't notice how much larger it got.

nikolas do you trade with oanda as well? I'm curious about your slippage as well
  • #11,375
  • Mar 23, 2014 10:17pm Mar 23, 2014 10:17pm
Quoting nitecop
{quote} nikolas do you trade with oanda as well? I'm curious about your slippage as well

No, I'm with IBFX(you can see from my screenshot pics)
I'm a newbie by many standards,but been for a few years with them,my past trades were position type(week long),so in the beginning I didn't care about the slips and spreads during volatile hours. Trading news since FebruaryI(when I found this thread),so far,so good.
The only minus that I can see is that they do not offer smaller than 1 min time frame charts.
I see Tony has a 5 second - sniper precision strike LOL!
  • #11,376
  • Mar 23, 2014 10:48pm Mar 23, 2014 10:48pm
Don't forget - an upcoming French and German Flash News for Reuters subscribers will be given 2 minutes before public release!
  • #11,377
  • Mar 24, 2014 2:27am Mar 24, 2014 2:27am
Well done to those who made pippage this morning, I decided not to trade it for some or other reason, don't I feel like a tit??

French flash coming up, who else is going in on this?

Cheers

H

  • #11,378
  • Mar 24, 2014 2:53am Mar 24, 2014 2:53am
Quoting HannesJoub
Well done to those who made pippage this morning, I decided not to trade it for some or other reason, don't I feel like a tit?? French flash coming up, who else is going in on this? Cheers H
Hi H

I am in...

any suggestions on the pair to trade?
  • #11,379
  • Mar 24, 2014 2:57am Mar 24, 2014 2:57am
Whilst not a recommendation, I am looking at EURAUD purely because of the ADR...

H

  • #11,380
  • Mar 24, 2014 3:01am Mar 24, 2014 3:01am
Slipped by about 20 pips on my EA long
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