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Pepperstone Forex

  • #2,581
  • Apr 27, 2014 5:39am Apr 27, 2014 5:39am
Quoting 4xtom
How to add custom indicators to Pepperstone MT4? I added to the folder MQL4-Indicators, but none of them appear in the Navigator?? Thank you!
With build 600+ of MT4 you might have to recompile them from the MQL4 editor. Do you have the source by chance? If not, can you download a version of them that were compiled on/for build 600?

MetaQuotes really botched the upgrade from 509 to the 600 build series. :/
FXGears.com
  • #2,582
  • Edited 3:13pm Apr 27, 2014 2:19pm | Edited 3:13pm
Recompile with build pre-600, things should be right. No issues here. Why am I even posting. Kindergarten stuff.

FF, or should i say fxcm-factory, changed positions on me beeing allowed to post. Pffff

Oh, maybe i should say thank you FF. F*** you Twee/bud.
Fuck Forex Factory.Wake up people.
  • #2,583
  • May 1, 2014 2:59am May 1, 2014 2:59am
I have been trying out cTrader for a few days, it will take me a while to get used to.

Execution is definitely faster than I was getting on MT4.
I see the spreads are the same but is the commission charged higher?

I was paying 0.46 GBP on a 0.1 position with MT4.
Looks like I am paying 0.70 GBP on a 0.1 position with cTrader
  • #2,584
  • May 1, 2014 8:44am May 1, 2014 8:44am
Quoting normtold
I have been trying out cTrader for a few days, it will take me a while to get used to. Execution is definitely faster than I was getting on MT4. I see the spreads are the same but is the commission charged higher? I was paying 0.46 GBP on a 0.1 position with MT4. Looks like I am paying 0.70 GBP on a 0.1 position with cTrader
I had a conversion with Pepper about this when cTrader was first being released, it was explained to me then that commission is charged differently on cTrader accounts. In MT4, it's charged in fixed units of the account's denomination currency, but in cTrader it's charged in units of the base currency of the pair traded.

(The base currency is the first of the two currencies in a quote pair, so EUR for EUR/USD for example.)

That said, I'll ping my rep at Pepper and see if this is still the case, when it asked, they were still making a lot of changes to the platform before launch.
FXGears.com
  • #2,585
  • May 1, 2014 9:52am May 1, 2014 9:52am
Thank-you for your response Jack.

For your information I opened my account in GBP and the commissions I posted above were for GBP/USD. So unless I misunderstood, the commission is higher.

AUS/USD is 0.46p for a 0.1 position on MT4 and 0.33 base currency on cTrader.

EUR/USD is 0.46p for a 0.1 position on MT4 and 0.56 base currency on cTrader.
  • #2,586
  • May 1, 2014 3:31pm May 1, 2014 3:31pm
Quoting normtold
Thank-you for your response Jack. For your information I opened my account in GBP and the commissions I posted above were for GBP/USD. So unless I misunderstood, the commission is higher. AUS/USD is 0.46p for a 0.1 position on MT4 and 0.33 base currency on cTrader. EUR/USD is 0.46p for a 0.1 position on MT4 and 0.56 base currency on cTrader.
Have you noticed any other differences between Ctrader Demo and live?
Thanks.
FF journal: Peaks and Troffs
  • #2,587
  • May 4, 2014 5:04am May 4, 2014 5:04am
bogus, my MT4 accounts are live and the cTrader account is a demo.

Jack, did your rep get back to you regarding the commission rates?

Everyone who has used MT4 and cTrader, I would love to hear what you believe to be the pros and cons comparing the 2 platforms.
  • #2,588
  • May 7, 2014 12:49am May 7, 2014 12:49am
Quoting normtold
bogus, my MT4 accounts are live and the cTrader account is a demo. Jack, did your rep get back to you regarding the commission rates? Everyone who has used MT4 and cTrader, I would love to hear what you believe to be the pros and cons comparing the 2 platforms.
Yeah, I got it confirmed, quoting from the rep:

Quote
The commission structure is 3.5 commission per 100k in the denominator currency of the pair being traded - each way (entry and exit). Therefore, if you are trading EURUSD on a 0.01 lot contract, it will cost 0.07 EUR to open the trade. As a result it will cost (at an approximate rate of 1.5 EURAUD) 0.105 AUD in commission, which is then rounded to 0.1 AUD in the platform. The commission structure is different from MT4 in that it is not a fixed amount regardless the pair you are trading. The method cTrader uses for commission calculation will occur...

He also noted that this is the way every cTrader broker should work, as it's the say cTrader is designed/structured.
FXGears.com
  • #2,589
  • May 7, 2014 2:09am May 7, 2014 2:09am
Jack, thank-you for going to the trouble of finding out.

It does seem a little complicated to work out compared to MT4 for my tiny brain.

I suppose what is important to consider before changing over platform is that the commission charges are higher on cTrader than on MT4, at least on the pairs I trade, E/U, G/U, A/U and E/J.
  • #2,590
  • May 7, 2014 3:49pm May 7, 2014 3:49pm
AUDUSD should be cheaper by a bit actually. On a USD account that is.
FXGears.com
  • #2,591
  • May 8, 2014 8:27am May 8, 2014 8:27am
My MT4 and cTrader accounts are in GBP. Thanks again.

On another note, did anyone get an MT4 terminal freeze just before the 2:30 P.M ECB press conference/unemployment claims?
Both my Pepperstone live MT4 accounts froze about 6 seconds before the release for 1 minute and 40 seconds.

My other 3 live accounts with different brokers did not freeze and the internet connection was good as I was able to open webpages during the freeze.
  • #2,592
  • May 8, 2014 4:56pm May 8, 2014 4:56pm
Quoting normtold
My MT4 and cTrader accounts are in GBP. Thanks again. On another note, did anyone get an MT4 terminal freeze just before the 2:30 P.M ECB press conference/unemployment claims? Both my Pepperstone live MT4 accounts froze about 6 seconds before the release for 1 minute and 40 seconds. My other 3 live accounts with different brokers did not freeze and the internet connection was good as I was able to open webpages during the freeze.
Its common with Pepperstone to freeze around the big news, also spread blow outs and slippage!!! that give the whole package and don't give a SH$T!!!
I wasn't watching it last night, but has happened to me a few times before.
  • #2,593
  • May 9, 2014 11:17am May 9, 2014 11:17am
Spreads are set by Pepper's liquidity providers.. and all LPs and banks widen spreads (some more than others) during high volatility news releases. That's the LP's way of managing risk and not getting run over.

Slippage is par for the course during news release too.. if a news release causes the next tick to be printed beyond your stop, that's what triggers your stop and you can only be filled the current market price.. that's just the nature of trading, it would happen in equities or futures just the same if price skipped through a stop order.

I can't speak for the disconnects since I haven't noticed them myself... I think I've had one during a news release in the last few months but I dismissed it as my VPS didn't log any disconnection on its account during the same period (so I figured it was just internet related.)
FXGears.com
  • #2,594
  • May 10, 2014 4:43am May 10, 2014 4:43am
Thanks for the replies.

I do not trade news, it's too hectic for me. The freeze did not cost me anything but it's just annoying that it happens so obviously on my Pepperstone accounts just before big news events.

On average my trades are held for 3 days, if my open trades should move significantly into profit during a news release I take that opportunity to close the trade if the spread has not increased to ridiculous levels like it can on AUD/NZD which I have stopped trading for that reason.

So I assume spreads are the same and widen the same on cTrader as they do on MT4.

Jack, what do you prefer about cTrader?

Personally I like the execution speed but find MT4 much easier on the eye.
  • #2,595
  • May 10, 2014 10:28am May 10, 2014 10:28am
Quoting normtold
Jack, what do you prefer about cTrader? Personally I like the execution speed but find MT4 much easier on the eye.
Execution speed is one factor, though, Pepper's MT4 isn't slow by MT4 standards.

Having cTrader Web being the same as cTrader Desktop is another plus.

I'm currently digging into cAlgo, which shows a lot of promise over MQL4.

I mean, overall MT4 does the job and I can't say that cTrader is night and day better or worse than MT4... but I will say that it's refreshing to use something that's not created by MetaQuotes, as MetaQuotes has made some very annoying decisions and changes to MT4 over the last few years.
FXGears.com
  • #2,596
  • May 10, 2014 8:18pm May 10, 2014 8:18pm
Stumbled upon this:
Pepperstone helps bust NAB and ABS Staff in Insider Trading

Interesting..

I can't see how this guy (the NAB analyst) thought he'd get away with it... not with how he was executing his trades ("microseconds" before each news release and ranking up +$7 million within just a few weeks.)

Good on Pepper for reporting these punks..
FXGears.com
  • #2,597
  • Edited 5:32am May 12, 2014 3:18am | Edited 5:32am
Quoting Jack_Larkin
Stumbled upon this: Pepperstone helps bust NAB and ABS Staff in Insider Trading Interesting.. ..
That was a great read.

I usually use GLOBAL COLLECT BV to deposit money which is free from the UK but Pepperstone are no longer using that service.
I looked at the international bank wire/electronic funds transfer option but on my bank form there is no space to fill in a reference/account number.

Anyone outside Australia used this method to deposit funds? I am just concerned they will reach the recipient bank but there will be no link to my account as I cannot add a reference to the form.

Also when cutting and pasting the BIC/SWIFT code "YESILADA BANK LTD." appears instead of "National Australia Bank". I am unable to change that.
Something funny going on.
  • #2,598
  • May 20, 2014 2:41am May 20, 2014 2:41am
please read this:

http://www.smh.com.au/business/insid...516-38fe1.html

" Most of the alphabet soup of banks touted as liquidity providers by the two forex brokers used by Kamay, Pepperstone Financial and AxiTrader, declined to comment. However, it is believed a legal team at BNP Paribas is still investigating whether it was exposed to one of the trades"

is that mean liquidity not from top bank as propagand?
  • #2,599
  • May 20, 2014 9:14am May 20, 2014 9:14am
Quoting 274275025
please read this: http://www.smh.com.au/business/insid...516-38fe1.html " Most of the alphabet soup of banks touted as liquidity providers by the two forex brokers used by Kamay, Pepperstone Financial and AxiTrader, declined to comment. However, it is believed a legal team at BNP Paribas is still investigating whether it was exposed to one of the trades" is that mean liquidity not from top bank as propagand?
No it does not mean that - why would their liquidity providers comment to the press???

But if the legal team at BNP Paribas are investigating whether they were exposed to one of the trades, this is direct confirmation that BNP Paribas provide liquidity to Pepperstone. Your trades are Pepperstone are definitely sent out to third party liquidity providers.
  • #2,600
  • May 21, 2014 7:07am May 21, 2014 7:07am
One drawback: Demo account gets reset after a month.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
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