Profit is where readiness meets Opportunity
Broker Monitoring EA (Spreads, Latency, Slippage Etc) 1 reply
Need Broker: Less Slippage, Tight Spreads 11 replies
IG weekend spreads: have I made a mistake? Spreads 20+! 4 replies
Variable Spreads and Average Spreads 0 replies
slippage, spreads and/or commision effect on profits 10 replies
Quoting FXopportunistDislikedMade my first DATA trade on MB Trading today.
13 pips slippage. The spread widened to 12 on the pound 11 on the Franc and 8 on the euro.
Is this what everyone experienced????Ignored
Quoting FXopportunistDislikedMade my first DATA trade on MB Trading today.
13 pips slippage. The spread widened to 12 on the pound 11 on the Franc and 8 on the euro.
Is this what everyone experienced????
Is this post not ok?
It was moved to classified ads?
Moderator? just an error or deliberate??Ignored
Quoting FXopportunistDislikedMade my first DATA trade on MB Trading today.
13 pips slippage. The spread widened to 12 on the pound 11 on the Franc and 8 on the euro.
Is this what everyone experienced????
Is this post not ok?
It was moved to classified ads?
Moderator? just an error or deliberate??Ignored
Quoting TimeFreedomDislikedFXopportunist,
I feel your pain. I am demo testing MBT and have had this slippage problem twice. Most likely your trading before news release? I news trade and try to get in before the spike, sometimes I do and other times just horrible. I have entered a trade seconds before release and get filled minutes later.
Not sure about MBT for news trading before spike.
TimeFreedomIgnored
Quoting stockwetDislikedWhich announcements did you trade today? I was a tick observer with CoesFX Live on the CAD announcement and then the EURUSD housing starts move. I didn't see any slippage on either of those announcements. I missed the CBI, though.
I'm with FXO. I realize there are a lot of traders saying - "welcome to forex" or "get used to it". But, frankly, I've been trading news for a while and really have not experienced or seen anything like what's happening this month regarding slippage. I do, however, think it's important to recognize that slippage complaints are coming from all over the board. So, it's probably a market phenomenon happening right now and not attributed to a single or small group of brokers. I think it has to do with liquidity drying up this month - making it easier for prices to slip.
Anyway, I have a hunch things will settle down more after labor day and as we move into October. We'll see.Ignored
Quoting mrmikalDislikedI'll admit, there are more complaints this month than in previous months. And I definitely have noticed how much slippage is coming through during news trades...but honestly, regardless of how things were, things change. Perhaps this is more like it will be. Perhaps the brokers, the ECNs everyone wised up a little bit and started slipping a little bit during volume to do whatever it is that they're trying to do (trigger orders, pass through to the banks, etc).
I, personally, will expect this slippage as a more permanent thing. It seems to be way to easy money for the brokers and the banks. Regardless of slippage, the price movement still feels consistent if not a little more "jerky".
Like MoneyMaster likes to say...just adapt, and you'll be fine. Expect the slip and be happy if you don't get it...or just don't trade the news and keep your sanity in tact. Either way, you win.Ignored
Quoting stockwetDisliked
I'm with FXO.Ignored
Quoting mrmikalDislikedI'll admit, there are more complaints this month than in previous months. And I definitely have noticed how much slippage is coming through during news trades...but honestly, regardless of how things were, things change. Perhaps this is more like it will be. Perhaps the brokers, the ECNs everyone wised up a little bit and started slipping a little bit during volume to do whatever it is that they're trying to do (trigger orders, pass through to the banks, etc).
I, personally, will expect this slippage as a more permanent thing. It seems to be way to easy money for the brokers and the banks. Regardless of slippage, the price movement still feels consistent if not a little more "jerky".
Like MoneyMaster likes to say...just adapt, and you'll be fine. Expect the slip and be happy if you don't get it...or just don't trade the news and keep your sanity in tact. Either way, you win.Ignored
Quoting KeysDislikedI don't buy this lack of liquidity arguement. I just don't see how liquidity is drying up all of a sudden. The way I see it there is a vast source of liquidity out there. Probably a lot already being used in forex, but there is a lot more resources being used to finance stocks, mortgages, auto loans, anything you can think of. It's just a matter of the forex market paying for the liquidity they need. If we had to pay an extra 1% on the margin we borrow and discount the margin we lend by 1%, then forex traders could just suck money out of all corners of the economy to be available to trade. There would be capital inflows into providing liquidity for forex traders. I'd rather just pay more interest than deal with these crazy spreads.Ignored
Quoting stockwetDislikedThe liquidity I'm referring to is not a general economic or financial markets liquidity. Remember, as retail traders, we only trade within a microcosm of the broader foreign exchange market. Couple that with the well known fact that every August retail traders, market makers, bank staff and others in Europe and the US vacation, and you run into minor hiccups for retail traders.
Last week, I was watching the level 2 trades coming through on the CoesFX platform. I was surprised to see, prior to some major economic news, that the maximum contract sizes flowing through on GBPUSD was only 30 lots. Anyone else who uses CoesFX or similar ECN's know that multiple bid/offers for a 100 lots is not only common, but frequently the norm.
So, I'm sticking to my comments that reduced liquidity (I don't think I used the phrase that "liquidity has dried up") enables banks to more profitably widen spreads or slip prices without the normal risks associated with those practices in a highly liquid market.
Nevertheless, we can all endlessly debate the causes of what's happening (or what's not happening, for some). So, I'll just get back to my tradingIgnored
Quoting radicalmosesDislikedHi,
Just downloaded the MB trading demo out of curiousity more than anything else. I can see 1pip spreads on tht Eur and Gbp/usd. Sometimes I also see a 0 spread. Is this normal?? Is there some way to exploit this successfuly??
I am interested to know if anyone scalps on this platform.
thanksIgnored