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  • #2,401
  • May 14, 2014 4:51pm May 14, 2014 4:51pm
Quoting Phylo
{quote} Don't see any commercial content. Can a FF moderator kindly comment why thread in commercial.
The usual reason appears to be that a broker does not pay sponsorship to FF, seems regardless of broker.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,402
  • May 14, 2014 5:42pm May 14, 2014 5:42pm
Quoting Kofmaster
{quote} If you get stopped out of large spread everytime, i think reducing the leverage is not helping at all... Anyway glad that you said you never see a spread that large on Duka.
Ok, just a difference of opinion there perhaps.
I once left a trade overnight and price came within 0.5 pip of my stop, but my trade stayed in eventually returned a profit.
So I am comfortable that everything is right with this broker - but still keep your eyes open just in case things change.

Quoting Kofmaster
May I query any futher? How long your experience with duka? Largest spread seen? Any Major Problem so far? I've seen so many reviews regarding Duka saying that the slippage is high. I was thinking that maybe the sl they set is too tight, therefore allowing heavy news like NFP stop them out with high slippage. I think there is no wrong trade, only wrong stoploss. Thanks in advance
I think you did not appreciate the part about using the bid or the ask price to trigger your stop, so here is an example:
If you are short, and you set a stop, normally the ask-price is used to trigger the stop. You can choose to use the bid-price to trigger your stop, this has two benefits. First if the spread goes wide your stop automatically needs an extra price movement of half the spread before it triggers although you will pay based on the trip price plus the spread; this also means that your stop is not quite where you think it might be if the spread has become large, but you can set your chart to show either the bid or the ask price. The second benefit is that under normal market conditions the difference between bid and ask is half a pip (on Cable) so that does not make a big difference to the actual price where your stop is set.

Biggest spread I ever saw? I think was on GbpAud at market open on a Sunday (GMT). About 10 or 12 pips, maybe more. Spread never seems to be an issue. Right now the market is dead, Tokyo opens in 90 minutes and the spread on UJ is between 0.5 pip and 0.2 pip. During NFP it is impossible to tell the true spread because price is moving too quickly, I guess about 2 pips on EU if the volume goes crazy, but price is usually moving more than the spread every second during those news events.

How long did I have an account with Duka? I think about 3 years the first time, maybe less. I closed that account when I needed to re-think my trading, and I just used my beer fund with Oanda. Now this April I am back with Duka but this time using a UK based IB - the paperwork is easier because there is so much more Id-checking available in the UK. Never had any problem getting money in or out, I hope this holds true for the IB also.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,403
  • May 14, 2014 7:53pm May 14, 2014 7:53pm
Quoting Phylo
{quote} Max commission = £ 0.08 ($ 0.13 ) per 1 XAUUSD unit per round trip. Portfolio Statement → Position Report → Commission Column {image} Gold CME quotes are to 1 decimal point (1305.6-1305.2 = 4 pips). DukaScopy is quoting to three decimal points (1305.589-1305.331 = 2.58 pips).
Thank you for the information!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,404
  • May 15, 2014 12:13am May 15, 2014 12:13am
Quoting tgdrela1
{quote} Wow.....was this on an ENTRY order or on a SL/TP. If it was on and ENTRY order and you had slippage set to 10, then DC are at fault. With SL and TP that might be a different story. What was your position size?
SL, i was informed slippage setting is only for entry. that's quite useless for my style.
  • #2,405
  • May 15, 2014 6:09am May 15, 2014 6:09am
Quoting Exodus
{quote} Ok, just a difference of opinion there perhaps. I once left a trade overnight and price came within 0.5 pip of my stop, but my trade stayed in eventually returned a profit. So I am comfortable that everything is right with this broker - but still keep your eyes open just in case things change. {quote} I think you did not appreciate the part about using the bid or the ask price to trigger your stop, so here is an example: If you are short, and you set a stop, normally the ask-price is used to trigger the stop. You can choose to use the bid-price...
I really don't know that you can choose to use bid or ask to trigger stop. Is it one of the features in dukascopy platform? Right now Iam using oanda, overall is good just that when news release better Don't trade because gbpaud spread can goes up to 60pips.
Read the entire market, money is made on the main trend not the fluctuation
  • #2,406
  • Edited 3:00pm May 15, 2014 6:12am | Edited 3:00pm
Quoting Kofmaster
{quote} If you get stopped out of large spread everytime, i think reducing the leverage is not helping at all... Anyway glad that you said you never see a spread that large on Duka. May I query any futher? I was thinking that maybe the sl they set is too tight, therefore allowing heavy news like NFP stop them out with high slippage. I think there is no wrong trade, only wrong stoploss. Thanks in advance
Quoting Kofmaster
{quote}How long your experience with duka?
I have been with Dukascopy since June 2, 2012.

Quoting Kofmaster
{quote} Largest spread seen?
Their largest spread, when all currency pairs are considered, is limited max to 60 pips (4 digits pips) (pair like gbpnzd, eurnzd, more liquid pairs max spread is less), but you have to consider that it might get a little bit bigger, for they can take prices from market depth which could be 1-2 pips worse than best bid/ask you see on the chart. I found this when my stop loss was executed at price that was not on the chart. In essence my stop loss was exactly low on the market, but it was filled at worse price, taken from market depth.

Quoting Kofmaster
{quote} Any Major Problem so far?
It depends what you mean by major problems? Sometimes platform can go offline, does it happen often? no, not often, but it can happen during big moves! Sometimes stop losses not getting filled in time, again, it does not happen often! but it can happen. Slippage on stop losses is always negative, at least I experienced only negative one, and it always present.

Recently my take profit was not triggered, on a fast market I made 30 pips in a matter of seconds, but like I said my take profit was not filled, my stop loss eventually was filled, so instead of making 30 pips I lost some on the trade.

Wrote to support, their reply in essence was: you "made" this money on a fast market, we did not have time to hedge, so you are not getting 30 pips, if you do not like something go trade somewhere else. It was 20k position, however they boast 200 mil one click trading.

Funny thing, it is second time when my take profit was not filled, first time it happened, I had reaction to close manually, so I did not lose most of my profit, wrote to support, and they gave me back difference (1 pip ), but this time they are adamant, however, I do not see how my last case different from previous one, well, instead of 1 pip I claim 30 pips.


Quoting Kofmaster
{quote} I've seen so many reviews regarding Duka saying that the slippage is high.
Like I said before slippage is there, and it can get high when market moves fast, their execution speed is not fastest out there, again it obviously not slowest one, to be objective, but on a fast market it is enogh to get filled with big slippage. Again usually nothing dramatic, if you do not use slippage control and do not deliberatly stay open during big news, if you do, you have to face it, when you make mistake, you will pay stop loss + heavy slippage, if you are right, unfortunatly your take profit is not guaranteed to be filled.

Again in no way I want you to believe that Dukascopy is a bad broker, they have their pros and cons, from my experience I can definitly say one thing, they do not welcome scalpers, especially if you enter market perfectly, that is, when price right away launch in your direction, for, as I understood from support emails, they can not hedge that fast, so they lose some from this kind of trading.

To support this, lately I was trading actively during the day, and I made some 30-40% on my equity during few successfull scalping trades, and what happened was my actions was delayed by their servers few minutes. That is I was getting price feed in my terminal in time, without lag, but they imposed lag on my actions, I wanted to buy gpbusd I guess, so I clicked on ask price, I got pop up message, there is not connection to server, contact support, but I was getting price feed perfectly without delay, so I waited, and saw market would have gone against me had I traded, and in few minutes I saw how my trade was open, well with the lag of few minutes but at a price that was few minutes ago, when I initially wanted to trade. Wrote to support, they replied that they did not spot any issues on the server around this time, however, they wrote, some traders reported the same issues, so they blame global internet hubs, but even if I had internet issues, why would I get price feeds without delay.

to sum it up

pros
tight spreads on majors
max limited spread of 60 (on exotic pairs)
ok execution speed
platform (some do not like, I got used to it, purely for trading, charting a bit laggy, especially when a lot of charts open)
in EU negotiable leverage

cons
not exchange (may not be true ecn as well)
liquidity issues (although they boast they do have one, from my experience they do have liquidity issues)
take profits are not guaranteed to be filled
stop losses may not get filled (but it is negotiable through support, my experince they returned money)
support from jforex platform can be a joke, may ignore your questions for days
platform go offline, freezes, etc (to be objective it is very rare!)
support is slow on making decisions, especially if it is about returning some money, it can literaly take a month
  • #2,407
  • May 16, 2014 2:13am May 16, 2014 2:13am
Thank you for your lengthy and considered reply.

Quoting dns_di
.... To support this, lately I was trading actively during the day, and I made some 30-40% on my equity during few successfull scalping trades, and what happened was my actions was delayed by their servers few minutes. That is I was getting price feed in my terminal in time, without lag, but they imposed lag on my actions, I wanted to buy gpbusd I guess, so I clicked on ask price, I got pop up message, there is not connection to server, contact support, but I was getting price feed perfectly without delay, so I waited, and saw market would have...
This is the first direct instance of dubious behaviour that I have encountered with Duka, and it calls into question the whole claim of being an ECN. Maybe they did not claim that, and it is just self delusion on my part.

Thank you for the 'heads up', I shall be watching my IB-connected account carefully.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,408
  • May 16, 2014 2:36am May 16, 2014 2:36am
Quoting Kofmaster
{quote} I really don't know that you can choose to use bid or ask to trigger stop. Is it one of the features in dukascopy platform? Right now Iam using oanda, overall is good just that when news release better Don't trade because gbpaud spread can goes up to 60pips.
Yes it is a feature of Dukascopy platform. There may be other brokers or platforms which offer the same facility, it is after all just a way of making a decision.

I also have Oanda account, as I wrote above. Their execution seems Ok to me but I do not try to scalp with Oanda.
My definition of scalping = manual trades open for between 5 seconds and 10 minutes.

You could try LMAX. Their trading rules are the same as Oanda but the execution seems fast and spreads tighter. I ran a live account with LMAX for 4 months this year and withdrew my money because I wanted hedging if I wish to use it. Also I did not like their charts, but the platform runs on Java and I was impressed with the general response.

There is nothing wrong with Oanda, IMHO, and you could stay with them unless you have a particular reason for wanting to move on.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,409
  • May 22, 2014 8:49pm May 22, 2014 8:49pm
The stoploss doesn't really bother me as I consider myself as swing trader( Although I'm quite specific about my entry) but 1 thing does bother me as I only found out now that The leverage reduction in weekend. I'm a swing trader and if I see a trend in my favor I will keep add positions. Isn't it ridiculous that you have all the trades in winning position but when it comes to weekends the reduction in leverage forces you to close or partially hedge the position for you?

Here is my question :

1) Does anyone ever have problem with the leverage reduction in weekend ? whether you are a swing trader like me or intraday trader who holds trades over weekend sometimes
2) Anyone ever managed to waived such a policy?
Read the entire market, money is made on the main trend not the fluctuation
  • #2,410
  • May 28, 2014 3:46am May 28, 2014 3:46am
Hello,

Where can I find JForex custom indicators? I remember the other day there was a public forum in Dukascopy sharing ideas and information of JForex custom indicators, however I cannot find it anymore.
In addition, default ADX in JForex looks somewhat different from the ADX in MT4. Period and other settings are the same but its visual display is different. Have anyone found this?

Thanks.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,411
  • May 28, 2014 12:57pm May 28, 2014 12:57pm
Hello all,
had an interview with Dukascopy TV in the morning on EUR/CAD. If you are interested, I am copying and pasting the content here.

In this section I run the "Key Concepts to Correct Trading Behavior - by FibStalker" and you can find me there.


EUR/CAD forecast for 1 month, 3 months and 12 months, May 27 2014 today I analyzed the EUR/CAD forex pair and I came with the following projections (forecasts) for 1 month, 3 months and 12 months. Hereunder are my forecasts for the EUR/CAD.
- 1 month: 1.4650
- 3 months: 1.42-1.41
- 12 months: back to 1.50 area (after a move into the 1.3850 lows)

Hereunder is the rationale for this analysis.....
EUR/CAD forecast morning interview with Dukascopy TV, May 28 2014

Dear Traders,
yesterday I have published a forecast for 1 month, 3 months and 12 months on the EUR/CAD.

I gave the following projections (forecasts) for 1 month, 3 months and 12 months.
- 1 month: 1.465
- 3 months: 1.42-1.41
- 12 months: back to 1.50 area (after a move into the 1.385 lows)

In the morning I have recorded an interview with DukasCopy TV on the same forecast.
You can find the original video hereunder too, enjoy:

Inserted Video


Have a great day
Regards,,,
http://elitefive.files.wordpress.com...lker.png?w=500 Giuseppe, ~the FibStalker
"markets traded by programs/HFT offer a significant trading edge..."
  • #2,412
  • May 28, 2014 4:44pm May 28, 2014 4:44pm
Quoting heispark
Hello, Where can I find JForex custom indicators? I remember the other day there was a public forum in Dukascopy sharing ideas and information of JForex custom indicators, however I cannot find it anymore. In addition, default ADX in JForex looks somewhat different from the ADX in MT4. Period and other settings are the same but its visual display is different. Have anyone found this? Thanks.
If you find above please post.
Only place I have found is Jforex Store: Indicators, Strategies, Scripts etc., - http://www.dukascopy.com/jstore/#. Select free to display only free. Somewhat limited.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #2,413
  • May 28, 2014 7:26pm May 28, 2014 7:26pm
Quoting Phylo
{quote} If you find above please post. Only place I have found is Jforex Store: Indicators, Strategies, Scripts etc., - http://www.dukascopy.com/jstore/#. Select free to display only free. Somewhat limited.
Thanks!
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,414
  • May 28, 2014 11:24pm May 28, 2014 11:24pm
Just FYI. I found ADX indicator in JForex is original Wilder's version, while MT4's is modified one. MT5 provides both versions.
For details:
http://www.mql5.com/en/forum/1568
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,415
  • Jun 25, 2014 10:55am Jun 25, 2014 10:55am
Well this is highly frustrating.
TP at 101.813, candle-wick top at 101.813, position still open!
I am just considering whether to moan about this.....
Attached Image (click to enlarge)
Click to Enlarge Name: 20140625_UJ_miss.jpg Size: 199 KB
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,416
  • Jun 25, 2014 11:15am Jun 25, 2014 11:15am
That happened to me, too, once. In the log it said that the counterparty refused the trade (or something like this).

LE: „Order has been rejected by interbank party. System will resubmit this order.”

Check activity log.
  • #2,417
  • Jun 25, 2014 11:31am Jun 25, 2014 11:31am
Quoting Exodus
Well this is highly frustrating. TP at 101.813, candle-wick top at 101.813, position still open! I am just considering whether to moan about this..... {image}
For closing your trade at TP,you must have BID price at 101.813 (if you are at buy position),but candle values at OHLC (open-high-low-close) show you highest level or ASK price...you missed your TP just for spreed...

However,20 GBP is still good trade... :-)
  • #2,418
  • Jun 25, 2014 11:45am Jun 25, 2014 11:45am
It actually shows the highest bid. He's long and he has BID chart on screen.
  • #2,419
  • Jun 25, 2014 12:22pm Jun 25, 2014 12:22pm
Ok, 8 bars later we are closed @ TP, and yes the log says something about 'Order has been rejected by interbank party'.

Quoting Pokrajac
{quote} For closing your trade at TP,you must have BID price at 101.813 (if you are at buy position),but candle values at OHLC (open-high-low-close) show you highest level or ASK price...you missed your TP just for spreed... However,20 GBP is still good trade... :-)
The chart shows bid values, as pointed out by Pollux. I switched it over to the Ask price and all the values went up by 0.2~0.3 pip.
Thanks for the comment, eventual close was about £24.

The market has been really hard to milk this week, a bit like blowing into your own sail......
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #2,420
  • Jun 25, 2014 12:38pm Jun 25, 2014 12:38pm
Quoting Exodus
Ok, 8 bars later we are closed @ TP, and yes the log says something about 'Order has been rejected by interbank party'. {quote} The chart shows bid values, as pointed out by Pollux. I switched it over to the Ask price and all the values went up by 0.2~0.3 pip. Thanks for the comment, eventual close was about £24. The market has been really hard to milk this week, a bit like blowing into your own sail......
Great...good luck in future!!!!
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