An interview with highbury fx

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Old Dec 8, 2016, 1:29pm   #25
 
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Very good thread gentlemen
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Old Dec 8, 2016, 2:54pm   #26
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Good . Do you have a number for the clients who are profitable for at least 3 years plus ?
i have a report for 2016.

15.2% of clients who placed a trade with us are profitable.
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Old Dec 8, 2016, 3:04pm   #27
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i have a report for 2016.

15.2% of clients who placed a trade with us are profitable.
Thanks , i assume then the number for the 3 years period could be even lower .
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Old Dec 8, 2016, 3:11pm   #28
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Thanks , i assume then the number for the 3 years period could be even lower .
I think RhodyTrader did some figures on all this as part of his phd thesis. Might be worth a search.
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Old Dec 8, 2016, 3:17pm   #29
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I think RhodyTrader did some figures on all this as part of his phd thesis. Might be worth a search.
Ya i know , it was around 0.5% . The problem is he based his research on quarters profitability back to back for atleast 4 qs. You dont have to be profitable every q .
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Old Dec 8, 2016, 3:27pm   #30
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Ok well I have a question.

Do traders who automate fare any better?
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Old Dec 8, 2016, 3:37pm   #31
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Ok well I have a question.

Do traders who automate fare any better?
its a fairly general question so i'll generalise with my answer. I find that the traders that fair best of all are traders that take a position, attach a stop and a limit order and walk away until one of them is triggered. to be more accurate with an answer for automated systems we would need to catogorise them such as scalping systems, intraday systems, high leverage/low leverage, long time frame. They're all so different that you couldn't get an accurate view unless you separated them in to categories.

the trouble with automated strategies is they break. so many of them work away taking a few pips here and a few pips there but once the market spikes or something unusal happens a lot of them break or go haywire. It isn't unusual for us to face a blackbox that is having some reasonable success only for it to go nuts and blow up the accounts. brokers will tend to be patient with these systems for that very reason.

Last edited by counter_violent; Dec 10, 2016 at 3:49pm. Reason: spelling
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Old Dec 8, 2016, 4:04pm   #32
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Hi highbury fx,
Thank you for your insights and for being so candid.

I'm sure you won't comment on anything that you don't want to but, by the same token, I don't want to put you in the position of having to politely abstain from answering or side stepping 'difficult' questions! With this in mind, I'll keep my question very general - feel free to ignore it altogether if you wish . . .

SB firms take the other side of their clients trades - this is well known and accepted. By extension, many people will argue that SB firms actively want/need their clients to lose so that they win. Some folk claim that the SB firm will employ dirty tricks (price spikes, cancelled orders, slippage plus a bit more etc.) to accounts that are consistently profitable. Ultimately, if that doesn't work and the client remains profitable, they will decline that client's business and close the account.

My (general) question is: would you care to comment on any of the above?
Thanks in advance,
Tim.
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