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  • #10,721
  • Sep 8, 2022 1:06am Sep 8, 2022 1:06am
Quoting CableJ
{quote} A trade management EA (Trade panel, Trade Manager, Magic Keys ect.) will save you alot of aggravation & mistakes. Just enter the Cash or % balance/equity risk per trade and let it calculate the correct position size... problem solved.
that's not the problem.
I am doing heavy scalping as i said. for example, first trade i enter position 1.00 lot on us500 and that's $1/pip, second trade i want to enter us30 (now here metatrader by default saves the last lot executed and that would be 1.00), so had to change the lot size frequently as fast as possible or else i would be risking $10/pip.
that's my problem. and it could easily be solved by pro firm by changing contract size.
  • #10,722
  • Sep 8, 2022 1:10am Sep 8, 2022 1:10am
Quoting TrAndy1
{quote} Of course I did not mean 1 order with 1 yard. But say 1000 orders with 10 lots, in what time they can be done with minimal impact but not getting too much variance of different quotes by waiting the 1000 orders are done ? Too make it easier just assume that all orders are done in the London/NY session overlap (3 hours) afternoon.
The art of the trader who wants to trade in large amounts is to massage not rupture the lp's pricing by allowing time (milliseconds) for market maker algos to replenish liquidity at the existing (or nearby) price levels. 5-10 lots every 50-100ms would get the job done.
  • #10,723
  • Sep 8, 2022 1:15am Sep 8, 2022 1:15am
Quoting CableJ
{quote} The art of the trader who wants to trade in large amounts is to massage not rupture the lp's pricing by allowing time (milliseconds) for market maker algos to replenish liquidity at the existing (or nearby) price levels.
Yeah, but just think the daily volume for Spot FX is about 3.3 trillion, and for EURUSD ca. 1 trillion. That means in main trading hours it should be >1.5 yard per minute.
  • #10,724
  • Sep 8, 2022 1:26am Sep 8, 2022 1:26am
Quoting CableJ
{quote} The art of the trader who wants to trade in large amounts is to massage not rupture the lp's pricing by allowing time (milliseconds) for market maker algos to replenish liquidity at the existing (or nearby) price levels. 5-10 lots every 50-100ms would get the job done.
When I see the order book depth of IC Markets (same should be maybe on FTMO/MFF) of any majors FX is that per trader or per account ? Because when it is per account I just could split my order into 20 different accounts to get more filled at once with 1 order, just splitted around more accounts. Do not know how it works here.
  • #10,725
  • Sep 8, 2022 1:33am Sep 8, 2022 1:33am
Quoting TrAndy1
{quote} When I see the order book depth of IC Markets (same should be maybe on FTMO/MFF) of any majors FX is that per trader or per account ? Because when it is per account I just could split my order into 20 different accounts to get more filled at once with 1 order, just splitted around more accounts. Do not know how it works here.
Per trader.... same order across multiple accounts executed @ same time would be competing for the same available liquidity @ price levels.
  • #10,726
  • Edited 2:13am Sep 8, 2022 1:41am | Edited 2:13am
Quoting CableJ
{quote} Per trader.... same order across multiple accounts executed @ same time would be competing for the same available liquidity @ price levels.
Ok, but how would IC markets handle a 200 lot order on major FX when it is copied around 20 (cTrader) accounts, so 4000 lots at once. I mean the maximum deviation from price and fill should be around 1 pip from actual quoting, or? I mean they really can do 5 pips off from actual quoting, causing a spike and then it reverses at once?
  • #10,727
  • Sep 8, 2022 1:58am Sep 8, 2022 1:58am
Quoting Feelas
{quote} that's not the problem. I am doing heavy scalping as i said. for example, first trade i enter position 1.00 lot on us500 and that's $1/pip, second trade i want to enter us30 (now here metatrader by default saves the last lot executed and that would be 1.00), so had to change the lot size frequently as fast as possible or else i would be risking $10/pip. that's my problem. and it could easily be solved by pro firm by changing contract size.
just right click on each chart, hit Alt+B, and open up depth of market menu with lot size, and and tp/sl if desired, and leave it open, entering at will.
You can have several menus for different indices open at once, but you'll have to drag them off their original place or they'll just keep piling up.
  • #10,728
  • Sep 8, 2022 2:40am Sep 8, 2022 2:40am
Quoting Feelas
that's not the problem. I am doing heavy scalping as i said. for example, first trade i enter position 1.00 lot on us500 and that's $1/pip, second trade i want to enter us30 (now here metatrader by default saves the last lot executed and that would be 1.00), so had to change the lot size frequently as fast as possible or else i would be risking $10/pip.
-Have you tried using a trade copier? Not sure if it can be applied to the same account, but with multiple accounts, depending on what you use, you can have trade sizes automatically adjusted.

Asking for a broker/prop to change their contract specifications to suit your trading is likely going to be a futile effort.
  • #10,729
  • Sep 8, 2022 3:04am Sep 8, 2022 3:04am
Quoting doyathink
{quote} just right click on each chart, hit Alt+B, and open up depth of market menu with lot size, and and tp/sl if desired, and leave it open, entering at will. You can have several menus for different indices open at once, but you'll have to drag them off their original place or they'll just keep piling up.
it's annoying. but could also be a temporary solution.
  • #10,730
  • Sep 8, 2022 3:07am Sep 8, 2022 3:07am
Quoting Nsak3y
{quote}-Have you tried using a trade copier? Not sure if it can be applied to the same account, but with multiple accounts, depending on what you use, you can have trade sizes automatically adjusted. Asking for a broker/prop to change their contract specifications to suit your trading is likely going to be a futile effort.
As i'm trading just 3pairs, i found a solution by activating oneclictrading button on 3 separated windows tab.
So for now i have my template on 3 different tab.
changing tab not dragging pair is also a temporary solution. but wouldn't help if trading many pairs.
  • #10,731
  • Sep 8, 2022 3:21am Sep 8, 2022 3:21am
With a trade copier, you would also be able to minimize delays better, which is important for scalping. If you ever intend on trading multiple accounts, you would already be set up to handle it.
  • #10,732
  • Sep 8, 2022 9:20am Sep 8, 2022 9:20am
Lagarde has no real plan to resume it in short. Because the projected inflation of 2.3% in 2024 (which is way too low because of second rounds effects on wages for example and of course the war could remain for many years here and thus causing high energy prices). Lagarde cannot say if and how much the actions of ECBs rate hikes are included here or not in those 2.3%. So all in all it does not sound hawkish to me. At a glance with the higher inflation and the only goal to calm down inflation as ECBs mandate, Lagarde is doing not enough. So again dovish. From actual level I can imagine easily EURUSD going down another 1000 pips. But prove me wrong.
  • #10,733
  • Sep 8, 2022 9:20am Sep 8, 2022 9:20am
not every prop firm allows a trade copier. Setting up a personal MAM account and trading a few different accounts may be another way.
LAMM & PAMM probably not useful but alternative ways to place multipole trades from one account
  • #10,734
  • Sep 8, 2022 10:14am Sep 8, 2022 10:14am
Does (MFF) offer BTC trading? If yes whats the trading specification and condition for BTC like. FTMO offers demo trials which makes its very easy to get information related to a trading instrument which is super helpful, looks like (MFF) has no demo trials.
Quantitative Algorithmic King
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  • #10,735
  • Sep 8, 2022 10:26am Sep 8, 2022 10:26am
Quoting NevFX
not every prop firm allows a trade copier.
-The ones that matter do. I think, even TFTP allows it now. But, as I mentioned before, it may or may not be ideal depending on one's needs and preferences.
  • #10,736
  • Sep 8, 2022 10:28am Sep 8, 2022 10:28am
Quoting QuantiForex
Does (MFF) offer BTC trading? If yes whats the trading specification and condition for BTC like. FTMO offers demo trials which makes its very easy to get information related to a trading instrument which is super helpful, looks like (MFF) has no demo trials.
Crypto trading is best done over TFF. They have the best trading conditions on cryptos. I would go here before any other prop firm first. Spreads are outstanding here.
  • #10,737
  • Sep 8, 2022 12:26pm Sep 8, 2022 12:26pm
Quoting TrAndy1
{quote} Crypto trading is best done over TFF. They have the best trading conditions on cryptos. I would go here before any other prop firm first. Spreads are outstanding here.
Thanks
Quantitative Algorithmic King
Angel MichealBot (Old v1) All Time Return: 2,489.8%
  • #10,738
  • Sep 8, 2022 4:45pm Sep 8, 2022 4:45pm
I didn't receive a payout from MFF for a while. Some quick questions:

1. I see that they only have BTC, Lite and ETH. No more USDC like before ?

2. How long do they take to make a crypto payout from the moment they deduct the money from the account (which was fast).

3. I guess that from the moment they deduct the money and balance is back to the initial amount, I can go on trading, right ?

Thanks
  • #10,739
  • Sep 8, 2022 5:29pm Sep 8, 2022 5:29pm
Quoting Capablanca
I didn't receive a payout from MFF for a while. Some quick questions: 1. I see that they only have BTC, Lite and ETH. No more USDC like before ? 2. How long do they take to make a crypto payout from the moment they deduct the money from the account (which was fast). 3. I guess that from the moment they deduct the money and balance is back to the initial amount, I can go on trading, right ? Thanks

I can only answer number 3 as I don't use crypto and thats yes you can.

Crypto payouts historically are slower than deal due to loading and if i recall correctly USDC was removed because their provider kept adding limits and screwing up their outflows so they had to find other providers who potentially dont have it? I guess if you use deel's expensive option for crypto (its expensive) you can get USDC.

I don't think it takes more than 24 hours for payouts and if they have to restock crypto they generally let you know.

Bank wire is always trusty and fast.
  • #10,740
  • Sep 8, 2022 10:38pm Sep 8, 2022 10:38pm
Quoting Capablanca
{quote} Ok, OK, sorry about that. Now I seemed a guy when the bar is about to close. I don't use Paypal either but that's because my account is in EUR and payouts are in USD. They eat too much either in commission or in spread (or both). Deel is really nice because the transfer to Revolut (and Wise) e pretty much immediate. Or receiving in crypto (my preference) which can be transferred (also immediately) either to Coinbase or to Binance for conversion into USD or EUR, hopefully with a small cost if the gas fees are low. Then the transfer...
Hi Capablanca, do you need to create a USD account in Revolut to receive USD from Deel? Or Revolut will receive the USD and automatically convert to EUR, which I assume is your base currency?
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