how to arbitrage bucketshop shenanigans

disclaimer: this is on demo and probably (maybe?) won't work on live account with same broker - good luck

so i'm sitting here playing with myself looking at a bunch of tick plots and thinking hmmm eurtry looks weird fuzzy where the spread jumps and returns sharply. so i check out usdtry and it jumps too HOWEVER the spread doesn't jump so much - just the price does


so a bunch of limits plus a bunch of minutes and account is up a 60%

and the gravy train continues: account doubled

They all look Fuzzy when i squint my eyes, is there any logic involved here ?

hello frieands

pattern resumed during lunch
account quintupled since this morning
i'm about to become a demo billionaire

how does it work??

the short answer: http://www-bcf.usc.edu/~lharris/Trading/Book/

and the longer answer:

lol, all i see is stop hunts, cascades, standing limits, barrier battles, openings-closings, fixings, expiries, interventions..
and bucketshop shenanigans

account breached $100 thousand, 10x the deposit, in 2 days of active trading.. or actually a total of less than 2h

account reached 300k. it's getting kind of ridiculous.

Interesting experiment - but usually when you win, a bucketshop loses- so they will block your account as soon as you start making profits in this way, and it would be very easy for them to see how you are doing it.

You may also be interested in http://www.telegraph.co.uk/finance/n...ed-700000.html
Even when someone found a way to make money from them they got their money back!! Which is disgraceful really surely the guy should keep the money if he placed normal trades through their system

yup^^ - lol, i wouldn't share it otherwise

(edit: tho having read the article just now - it's a bit different - probably completely legal and doable and enforcable in court for whomever is willing to do the dirty work, tho all this on the big condition that the broker fills the orders in the first place) also i would have to thoroughly read this broker's contract

anyways, just made 500 keys in demo and i'm taking off for the weekend

pls share ur whole strategy.....

It's not a viable live strategy - it's a joke on demo.

What you see here is all there is to it.

If you are determined to replicate it, consider every post and screenshot as a step in the recipe and study the details.
It may seem complicated because I didn't bother to compose sentences and you may have exaggerated it with your expectations.

It is simpler than that.

Yes, those ticks are obviously bad.

I looked at some of my live-captured ticks for USD/TRY from that period, from three different brokers (FXCM, OANDA and Dukascopy), and those spikes are not present:

https://dl.dropboxusercontent.com/u/..._tick_data.png

AlpariUK demo (edit: lol, now that i'm trying to find the specific feed version myself, i can't , might have been fxpro)

ok, found it from Alpari Limited (alpari-forex.com) and registered account as a russian citizen
and now everyone can be a demo billionaire
among a few other redflags, i think it's funny when i make handwavy bullshit matrix references, but if a broker does it, um... yeah