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Best FX broker for scalping - pro traders opinion only pls

  • #81
  • Edited 8:15pm Feb 15, 2012 7:53pm | Edited 8:15pm
i dont know how do you calculate it
but 0.31 are never 0.8 pips. ??

You have to take care about
which volume range you are, and volume traded aso..

lets make a example

1000 € account, leverage 100, full margin..

pip value

0.0001 / c. ex. rate, at the moment (1.3037) * national amount 100 000

100 000 Units 0.1 Dukas Lots

pip value 8.0 €

For a round trip at 32 $ per 1 mil $ volume (where i are)
what means 25 € per 0.770 mil volume you have to pay..

A 0.1 lot RT trade would cost 200 000 Units commission what means

25 € / 770k Units * 200K = 6 € commissions

6 € comm with a 45 % IA are

6 /100 * 55 = 3.3 €

So the comms. for 200K Units are 3.3

1 pip is 8.0 € so 3.3 € are

0.41 pip.

plus the average lets say 0.8 spread,
a 1.2 variable

bias downstairs broker. Its all about the amount of §§. And how you trade.

Correct my calculations if im wrong please. Before i change.
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  • #82
  • Feb 15, 2012 8:24pm Feb 15, 2012 8:24pm
Assuming total commission of $31 per $ 1 million traded:

When you go long 100K units of Eur/Usd at 1.3100, you buy 100K EUR and Sell 131K USD.

Pip-value is always $10 per 0.0001 move in price per 100K eur/usd.

Commission for enty is 1.3100 * 31 * 0.1 = $4.06
Same for exit, so thats a total of: 4.06 * 2 = $8.12

Since Pip-value is $10, commissions in pips is 0.812


If you really only pay EUR 3.3 per 100K roundtrip in eur/usd, your commission is substatially less, like $16 per $1 million traded.
  • #83
  • Edited 8:54pm Feb 15, 2012 8:41pm | Edited 8:54pm
again..
Quote
Same for exit, so thats a total of: 4.06 * 2 = $8.12
8.12 $ are 6.12 €

IA rebate 45 %

/100 * 55

3.40 € (4.43 $)

Quote
Since Pip-value is $10, commissions in pips is 0.812
Since pip value is 8 € commissions in pip is 0.42 (with rebate of course)

Quote
your commission is substatially less, like $16 per $1 million traded.
yeah, thats cool, i know..

Isnt it ?

Edit: First time i read about a Introducing Agent i thought it is a scam..
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  • #84
  • Apr 2, 2012 3:18am Apr 2, 2012 3:18am
Great posts, guys, thanks for providing valuable info and keeping this thread alive!
Quant Hedge Fund CEO
  • #85
  • Apr 2, 2012 3:35am Apr 2, 2012 3:35am
Pro scalpers, answer please!!! I want to find really reliable broker for today with a minimum requotes and with a good conditions.Your ideas matter)
very nice, good price..!
  • #86
  • Apr 30, 2015 2:02am Apr 30, 2015 2:02am
Quoting Jose Louis
Pro scalpers, answer please!!! I want to find really reliable broker for today with a minimum requotes and with a good conditions.Your ideas matter)
Pepperstone If you want to use MT4

Dukascopy, not Dukascopy Europe, if you want to use Java
  • #87
  • Apr 30, 2015 2:12am Apr 30, 2015 2:12am
I've been wandering these forums myself looking for answers to finding the right broker. So far I have landed on LMAX. Their webtrader is very fast and responsive, You can use MT4 if you have some EA's and option for using multicharts which I have heard good things of, but not yet tested. UK regulated, fast growing company, I think profitable, not likely to run away with your money.....
I'm running a semi scalping EA on MT4 with LMAX, slippage is more than often positive due to use of limit orders and the nature of how orders are processed. If you are using stop orders you will most likely experience negative slippage.

I also have an account at Tickmill, excellent conditions, but .. Seychelles...
  • #88
  • May 1, 2015 5:03am May 1, 2015 5:03am
Quoting Jose Louis
Pro scalpers, answer please!!! I want to find really reliable broker for today with a minimum requotes and with a good conditions.Your ideas matter)
Re-quotes? I'd rather be afraid of slippage some brokers really abuse with this legal market peculiarity to rob clients. I can recommend to look at Hotforex, but only starting from Premium account (find it much better for scalping, rather than on Micro or others).
  • #89
  • May 1, 2015 5:42am May 1, 2015 5:42am
Quoting Jose Louis
Pro scalpers, answer please!!! I want to find really reliable broker for today with a minimum requotes and with a good conditions.Your ideas matter)
The best broker I have been able to trade with would be icmarkets.com The conditions which they set for scalpers in their ecn accounts is amazing. I would consider trading with that broker and I believe 100 usd is the minimum deposit.
Leading by "Being an example" is hard to find then actual examples.
  • #90
  • May 3, 2015 10:42am May 3, 2015 10:42am
Quoting pd9000
I've been wandering these forums myself looking for answers to finding the right broker. So far I have landed on LMAX. Their webtrader is very fast and responsive, You can use MT4 if you have some EA's and option for using multicharts which I have heard good things of, but not yet tested. UK regulated, fast growing company, I think profitable, not likely to run away with your money..... I'm running a semi scalping EA on MT4 with LMAX, slippage is more than often positive due to use of limit orders and the nature of how orders are processed. If you...
did you applied those semi scalping method on both account. in term of slippage upon stop order, did you suggest to go with instant entry execution then. had read some method to put stop order upon scalp during news release. now I read your post and I'm in doubt. or just both sentence are literally correct, both order type may end up with same slippage.
  • #91
  • May 7, 2015 4:04am May 7, 2015 4:04am
Hi,

I apply same strategy on both accounts. I don't use stop orders, so cannot comment on such slippage. If there is something best described as momentum in the price, and it is statistically significant, you will over time receive negative slippage on stop orders and positive slippage on limit orders, given the order processing method of MT4.
On a more professional platform where your price actually is a part of the spread or in the market, no price will surpass your limit order, and you will have no slippage. On stop orders, it wil always be slippage, dependent on lag.
  • #92
  • May 7, 2015 8:12am May 7, 2015 8:12am
Hello, just a quick tech numbers :
- Real Execution 133 ms on mt4
- Minimal Slippage ( really nobody can control it in real ecn/stp mode )

My VPS its to 23 ms away from NY MT4 Server. ( MSDOS tcping time on image )

hgforex.com

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  • #93
  • Last Post: May 7, 2015 9:12am May 7, 2015 9:12am
Meta won`t to do for scalping.
It is toy.
meta is not possible to entry over 10 positions in 1 second with mouse click.
and meta is not possible close all.
But ctrader is possible.
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