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  • #41
  • Apr 21, 2016 8:39am Apr 21, 2016 8:39am
I have been using Vipro Markets over 2 months already. I think their overall trading cost commission+spread is one of the lowest. So far my strategies are working well. I have not experienced much slippage because I am trading with EA and using VPS. I noticed that some of my trades also have positive slippage. I wonder what is the net amount over long term? (positive and negative slippage)
  • #42
  • Apr 21, 2016 11:03am Apr 21, 2016 11:03am
Assuming you are using STOP orders - it will be negative over the long term without any doubt.
Using LIMIT Orders instead, it will be slightly less negative.
  • #43
  • Apr 22, 2016 2:24am Apr 22, 2016 2:24am
Quoting Trung
I have been using Vipro Markets over 2 months already. I think their overall trading cost commission+spread is one of the lowest. So far my strategies are working well. I have not experienced much slippage because I am trading with EA and using VPS. I noticed that some of my trades also have positive slippage. I wonder what is the net amount over long term? (positive and negative slippage)
I have never seen a broker whose positive slippage is higher than negative slippage. I guess this is how the market works.
  • #44
  • Apr 22, 2016 3:56am Apr 22, 2016 3:56am
I would like to hear your experience with their spreads and commission structure are like.Anyone experienced slippage problems in live account?
  • #45
  • Apr 23, 2016 4:50pm Apr 23, 2016 4:50pm
Quoting Drolph
Assuming you are using STOP orders - it will be negative over the long term without any doubt. Using LIMIT Orders instead, it will be slightly less negative.
Don't see a difference between STOP and Limit orders in this sense. Both are just pending orders, which are effective for S/R and breakouts trading. Could you explain why limit orders have less chance to get filled with negative slippage?
  • #46
  • Apr 23, 2016 5:28pm Apr 23, 2016 5:28pm
Quoting leebsurag
{quote} Don't see a difference between STOP and Limit orders in this sense. Both are just pending orders, which are effective for S/R and breakouts trading. Could you explain why limit orders have less chance to get filled with negative slippage?
Are both pending orders but are different like night and day.
  • #47
  • Apr 24, 2016 10:14am Apr 24, 2016 10:14am
Quoting leebsurag
{quote} Don't see a difference between STOP and Limit orders in this sense. Both are just pending orders, which are effective for S/R and breakouts trading. Could you explain why limit orders have less chance to get filled with negative slippage?
Basically it is pretty simple to explain: STOP orders are always executed within direction of the current market movement. LIMIT orders instead are executed against the momentum. Taking order execution speed and available prices into account you get the mentioned differences.
  • #48
  • Apr 25, 2016 12:44am Apr 25, 2016 12:44am
Quoting Drolph
{quote} Basically it is pretty simple to explain: STOP orders are always executed within direction of the current market movement. LIMIT orders instead are executed against the momentum. Taking order execution speed and available prices into account you get the mentioned differences.
in Limit orders "bounce" which is triggered by positioning of other traders can be also called a momentum just in opposite direction. But yes probably in stop orders slippage is bigger, didn't tracked this as only occasionally use pending orders
  • #49
  • Apr 25, 2016 1:01am Apr 25, 2016 1:01am
Quoting leebsurag
{quote} Don't see a difference between STOP and Limit orders in this sense. Both are just pending orders, which are effective for S/R and breakouts trading. Could you explain why limit orders have less chance to get filled with negative slippage?
Actually a limit or resting order cannot see negative slippage by definition as you are telling the executing party you want to be filled at that price or better. If that price (or a better price) is not available the order is canceled either as a FOK or IOC limit order. A stop order on the other hand is a market order; meaning you are filled at the best price available, which is not necessarily the price you asked for or a better price.

If your broker is pushing negative slippage on 'limit' orders then they are not offering true limits but rather triggering IOC or FOK market orders when your price is hit.
Kevin Murcko | CEO at FXPIG
  • #50
  • Apr 25, 2016 1:44am Apr 25, 2016 1:44am
For Rtm (no need to appreciate my skill with paint. )
Attached Image (click to enlarge)
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  • #51
  • Apr 25, 2016 2:48am Apr 25, 2016 2:48am
Quoting darksorrow
For Rtm (no need to appreciate my skill with paint. ) {image}
I don't get the message, pls help me:
you are showing spread widening during heavy news, right?

did you look at the vola? Here's a picture of another reputable brokers spread situation from the last days during noticeable news.. even 13 pips (130 points)..
Attached Image (click to enlarge)
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  • #52
  • Apr 25, 2016 6:50pm Apr 25, 2016 6:50pm
Quoting darksorrow
For Rtm (no need to appreciate my skill with paint. ) {image}
same with me , i do not got what you mean, do you wanna show how much the spread widen?
or your order not executed?
  • #53
  • Apr 28, 2016 2:09am Apr 28, 2016 2:09am
Sorry for the delayed reply.

@Drolph I was replying to another user on another thread. You can check it here http://www.forexfactory.com/showthre...210008&page=46

@available They offer superior spread and execution. Check the images with this post.

Anyways, done with this broker. I am going to quit tomorrow & try MY LUCK on another broker.

BTW, if anyone have experience with any broker (It does not matter if they are bucket shops. Must pay if I make profit.) who does not have such superior execution & spread then please share your experience.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZD - 1.jpg Size: 318 KB
  • #54
  • Apr 28, 2016 3:17am Apr 28, 2016 3:17am
@darksorrow:

You complained about the spread while the big news was announced? Today was the cash rate day for NZD and you attempted to trade the 1 minute chart during the announcement? And there was a CPI news for AUD yesterday.

You shouldnt look for a new broker but a nearby casino IMO.
  • #55
  • Apr 29, 2016 7:43pm Apr 29, 2016 7:43pm
widening spreads are common practices for ECN or any floating spreads broker
i can recommend you many fixed spreads brokers, but i cant tell you are they allow their clients to trade the news with big lot ,or are they really fixed spreads broker.
however, NZDUSD rose 100.0 pips, i do not think 20.0 spreads are matter
  • #56
  • Apr 30, 2016 4:18pm Apr 30, 2016 4:18pm
I would like to know the opinion from traders using this broker. Their conditions seem to be very good.
  • #57
  • May 1, 2016 1:18am May 1, 2016 1:18am
Quoting Patas
I would like to know the opinion from traders using this broker
only 2 weeks but so far so good in term of spreads,slippage and order execution. (i am a scalper avoiding news)
  • #58
  • May 2, 2016 12:11pm May 2, 2016 12:11pm
Quoting duxis
{quote} only 2 weeks but so far so good in term of spreads,slippage and order execution. (i am a scalper avoiding news)
I wonder how they tolerate ultra-scalping EA (<2s open-close)??
Just bought new EA and want to go to live testing right away without messing up on demo.
Please share your HF scalping experience with this broker, thanks.
  • #59
  • May 3, 2016 12:05am May 3, 2016 12:05am
Quote
I wonder how they tolerate ultra-scalping EA (<2s open-close)??

You need big brokers with large volume to prevent slippage for this sort of scalping.
  • #60
  • May 3, 2016 12:12am May 3, 2016 12:12am
The question is not about tolerating scalping. It is about the performance on the long run.

Their slippage is higher than average on the one hand, but their cost and spreads are lower on the other hand. So a general answer is tricky.
Diversify by choosing several brokers and compare for a while. That is what i am doing with them at the moment.
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