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  • #14,301
  • Apr 16, 2015 11:39am Apr 16, 2015 11:39am
Quoting hazza147
{quote} A good video. However, it would seem you had a Buy Stop order at 1.07532 and it was filled at 1.07557 which means you had 2.5 pips of slippage. However, this is less than I would have expected. When I get some free time I'll do the same from my ECN broker account and we can compare results. In an ideal world we could get everybody doing this to compare slippage around big news releases.
Which of course would reveal that the brokers are causing this, and not so much the "market" as it is lead to believe. How ever you are correct, as I had to go back to the video to see that I was filled at 2.5 pips higher (Which of course is slippage) thus proving the point of the fellow trader that slippage is apart of the market. However I will record it with the broker i mentioned before, but I will need 5k in order to get those market conditions.
Imagine the world without the ability of question being asked.
  • #14,302
  • Apr 16, 2015 2:49pm Apr 16, 2015 2:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 33 KB
  • #14,303
  • Apr 16, 2015 5:10pm Apr 16, 2015 5:10pm
slippage depends on many things:

1) broker, obviously if you have a bad broker you'll have bad fills
2) the type of order, pending order should have almost no slippage because they're already on the server and should be executed instantaneously
3) the type of news, for example the CPI won't have as much impact as the NFP, for high impact news the market just moves too fast, and there is no counterpart to your order,i don't really consider that slippage, thats how the market is.
i lose money for a living
  • #14,304
  • Apr 16, 2015 5:17pm Apr 16, 2015 5:17pm
Quoting SaiLyfee
{image}
Looks good!

How did you get that line connecting your entry and exit?

Looks like you also really smooshed the candles together.
Trade at your own risk.
  • #14,305
  • Apr 16, 2015 10:47pm Apr 16, 2015 10:47pm
Quoting HowAreYou
https://youtu.be/J1W1CWRgafg
Really appreciate you posting this video.

A third party company should:

- Open Live Accounts (Mt4 Enabled) with the top 10 Brokers
- Run Idential EA's during Volatiltiy Events (on same internet connection, all major variables controlled)
- Compare/Rank Order Slippage


They say that "sunshine is the best disinfectant." If a 3rd party was publically audit/rank which FxBrokers had the best fills during news events,
(and keep a running tab over time) this would be an excellent public service. I think there is a lot of shady business that goes on and I would love
to shine the light on it. One of those rare moments, like when the South Carolina cop got caught on tape murdering the civilian with 8 shots in the back.


I don't really care about 1.2 pips vs. 1.5 pips during regular trading. But I do care about 2.5 pips versus 30 pips during volatile trading.

So yeah - thanks again for posting that.

- MM
  • #14,306
  • Apr 17, 2015 3:04am Apr 17, 2015 3:04am
Good morning!
What do you think about the GBP makros what will come at 10:30? Will the price move or will it lazy?
There are many wise people, but only a few of them are rich.
  • #14,307
  • Edited 3:46am Apr 17, 2015 3:24am | Edited 3:46am
Quoting HowAreYou
{quote} The straddle method has it's pit fall, especially during high impact news. I personally would use the straddle method+ martingale only with an account of 25k or more, as I would have enough bullets to straddle the market into submission of about 10-20 pips. I'd say most times people try to go for the home run (100+ pips) when you can simply get there slowly.
Martingale is too freaky and I have blown up alot of things before using it...

I have a tale of slippage...traded the aud employment numbers....trades on gbp-aud....I opened 2 orders 2 mins before the news....buy and sell....tp 80 pips....sl 30 pips for both orders. I am trying this as buy stop and sell stop...pending orders are slipped out of the park with my broker. This is Live account. Lucky I am using micro lots...

Those numbers arent clear...stop on losing trade (buy) was 1.92393....actual price closed = 1.91979....wow....you can see by the profit / loss anyway that it is way out....The successful order (sell) was Take profit 1.92823.....acutal = 1.92804. If stop was honoured even within 10 pips or so this trade would have been 40 or so pips green.

Attached Image


Anyway...after that I contacted another broker sure we can use names in here eh? It was fxopen in Australia, pure ecn broker they say....scalping....news trading allowed.....I asked about stop losses during news times....they replied : We cannot guarantee your order....oh well read it for yourself

Unfortunately, we cannot guarantee your fill on any order in an ECN market. We don't B-Book or market make any client or order so slippage is really up to the market and the available orders out there.
News trading is risky for slippage because often, orders are pulled from the market around major news releases until the result is known so orders flood back in. This can cause spread to widen significantly and for BIDS and OFFERS a log way from your price becoming available for fill.
You will not get guaranteed fills on any purely ECN broker.
I hope that helps explain it to you
  • #14,308
  • Apr 17, 2015 3:48am Apr 17, 2015 3:48am
Haha...not a big move... 4$ :-) Pffff, but it's not minus.
There are many wise people, but only a few of them are rich.
  • #14,309
  • Apr 17, 2015 3:59am Apr 17, 2015 3:59am
News - down
GBP - up

D'OH!
Pure Price Action Trading
  • #14,310
  • Apr 17, 2015 8:00am Apr 17, 2015 8:00am
The slipage kill the profit on USD/CAD. Hold the GU for profit...
There are many wise people, but only a few of them are rich.
  • #14,311
  • Apr 17, 2015 8:39am Apr 17, 2015 8:39am
Quoting Naokia980
{quote} It is impossible, cause execution is same for both platform. Maybe ea didnt manage good trade..
Is it so from your own experience? I do not think EA is a problem here, it just placed stop order before the news but then this order was filled 20 pips below.

Quoting HowAreYou
{quote} The slippage isn't MT4, but the broker you are using. You may want to look into ECN brokers to prevent slippage.
Well, at least my broker's MT4 obviously has some problems. There is slippage with MT4, but no slippage with another platform of the same broker. I tried several ECN MT4 brokers and all had substantial slippage during high impact news.

You mentioned broker yadix in other post but it can be dangerous to trade with them, there are several scamreports from clients on forexpeacearmy and few other forums. You can make some money with small slippage and tight spreads during news releases but it is quite possible that this broker will not allow you to withdraw your profits or will worsen the quality of execution.
  • #14,312
  • Apr 17, 2015 10:39am Apr 17, 2015 10:39am
Quoting Talvinen
{quote} Is it so from your own experience? I do not think EA is a problem here, it just placed stop order before the news but then this order was filled 20 pips below. {quote} Well, at least my broker's MT4 obviously has some problems. There is slippage with MT4, but no slippage with another platform of the same broker. I tried several ECN MT4 brokers and all had substantial slippage during high impact news. You mentioned broker yadix in other post but it can be dangerous to trade with them, there are several scamreports from clients on forexpeacearmy...

If you find a good broker, pls. write a post about it.
I made a test with Iron (not good), XM (not good) xtb ( not good) and now, I test the FXTM (not very bad - thi is the best at the moment).

GU - closed, the day is in 3$ porfit... Ridiculous.
There are many wise people, but only a few of them are rich.
  • #14,313
  • Apr 19, 2015 1:40pm Apr 19, 2015 1:40pm
Guys I hope you're doing fine. I'm very busy these days and have found stability in trading mostly the main important event which is NFP.
Invest in alarm clocks
  • #14,314
  • Apr 20, 2015 9:58am Apr 20, 2015 9:58am
Quoting Hops
{quote} If you find a good broker, pls. write a post about it. I made a test with Iron (not good), XM (not good) xtb ( not good) and now, I test the FXTM (not very bad - thi is the best at the moment). GU - closed, the day is in 3$ porfit... Ridiculous.
My broker is Oanda currently. High spreads, but very small slippage. Have you traded NFP or AUD Employment with FXTM? How big was slippage?
  • #14,315
  • Apr 20, 2015 1:38pm Apr 20, 2015 1:38pm
Quoting Talvinen
{quote} My broker is Oanda currently. High spreads, but very small slippage. Have you traded NFP or AUD Employment with FXTM? How big was slippage?
NFP - 12 pip slip.
AUD employment 15-16 pip slip.

Tomorrow we will test the LCG (london capital group).
There are many wise people, but only a few of them are rich.
  • #14,316
  • Apr 21, 2015 7:07am Apr 21, 2015 7:07am
Quoting SaiLyfee
{image}
Was the entry made before the news with the standard 18~ stop loss or after the first pullback? I can see a big movement before the entry.
  • #14,317
  • Apr 21, 2015 2:31pm Apr 21, 2015 2:31pm
@Howareyou , will it be possible for you to do a video of the AUD CPI that will be coming out in some hours?
Had a 25 pip slippage with the last AUD Employment News with my broker, looking for a better alternative
  • #14,318
  • Apr 21, 2015 3:14pm Apr 21, 2015 3:14pm
Quoting iddy
@Howareyou , will it be possible for you to do a video of the AUD CPI that will be coming out in some hours? Had a 25 pip slippage with the last AUD Employment News with my broker, looking for a better alternative
Which broker? Maybe we can create online broker spreedsheet to avoid bad ones.. Who tried Icmarkets?
  • #14,319
  • Apr 21, 2015 6:40pm Apr 21, 2015 6:40pm
Mine was pepperstone
  • #14,320
  • Apr 23, 2015 7:56am Apr 23, 2015 7:56am
No moving for unemployment.

So we test the LCG and there are no slipage (yet).
There are many wise people, but only a few of them are rich.
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