I done it a few times.
Best Thread Capital Spreads
I done it a few times.
capitalspreads
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hack
i think if you look back you will find that you had to wait a bit longer than a few seconds/minutes on occasion
simon
i think if you look back you will find that you had to wait a bit longer than a few seconds/minutes on occasion
simon
tar
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Simon if i were you i will leave those so called scalpers to get screwed by the market , just improve your platform and data feed and leave it to the market , and when you do so your volumes will increase and you will increase your clients base , check Oanda for example they don't have dealer acceptance and they accept up to 10 M on a single trade ticket . Just put a size limit ( big trades ) for every market and above that size you can refer the client to a dealer , there is no need to do so with every scalper on your platform , really you are wasting your time and efforts and you are losing volumes and clients .
There's more to it than that. I think my record for wins in a row is about 25, for trades lasting between about 5m and 5h, using only SB charts and tea leaves. I used to make maybe 5 or10 sequential winners quite often, but as that doesn't necessarily translate into maximum overall profit there's not much point in trying.
Apart from luck, the chance of making sequential winners depends mostly on the spread and how close stops can be placed. Incidentally, I don't think I've ever had anything like 25 losers in a row, although I suppose it would theoretically be easier to achieve using the same technique in reverse, as you always start by paying the spread (unless you're a W******s, client, ho, ho).
Come on mate, are you so lazy that you can't even be bothered to google it:
Ex-divs to take 7.65 points off FTSE 100 on Feb 29 | Reuters
Agree with the above. It goes back to my point that it's ludicrous that someone who returns to Capital Spreads after many years is still on dealer acceptance despite the claims by Simon that they have improved their systems.
To Simon,
How much faster can you improve your system to beat the latency, if any? There will come a time when it can't get any faster but still you identify some traders as being faster than the speed of light. Needless to say anyone who returns and still finds himself on dealer acceptance quickly requests a refund, you'd be silly to accept such a handicap. And yes you are turning away many clients when you can't even be certain that these old clients would still be able to make a profit the way they did before. And where would they find the latency again if that was the problem and its been fixed? But then again ..ummm... may be your system is not so secure?
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You just don't seem to get it Simon. You are not allowed to set you own rules, these are defined by the MiFID. You are not allowed to manipulate individual accounts, period. Once again, a casino are not allowed to rig the tables the same goes for you guys. You are allowed to close an account if you are not at ease with a trader, but rig the tables in you favor, and even worse on an individual basis, definitively not.
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When there is a volatile market some SB get nervous, if you trade on the price action "too often" they like to step in and unlawfully manipulate individual accounts with delays, referral to a dealer and such.
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There are a lot of scalpers around both trading the real market and SB. Whether this is a good or bad strategy is another question altogether. Scalpers in general trade on price action and volatility, not on latency.
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http://www.trade2win.com/boards/pla...140296-visualrmm-interactive-new-concept.html
This is what Simon does not seem to see from his vantage point.
They investigate everyone that makes a profit because from a market maker's point on view everyone that makes a profit is suspected of latency trading.
capitalspreads
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gle
As i have already stated your reading of the Mifid rules does not match ours nor do i believe it is how this is viewed by the regulators in the UK. And i can assure you that the Ombudsman here is no friend of ours !
tar/pipstar
if my platform only had a very limited number of markets (like the company you mention) then i would happily just put the whole thing on auto and walk out the door. not only this but, firstly, their spreads are wider than ours and, secondly, (and rather more importantly given MF Global) your money with them is not segregated (as you are trading spot FX which is not a regulated product) and therefore you would also not be insured under FSCS rules either etc (which you are when you trade spread betting or cfds). So if they go bust you would lose all your money.
At least the company you mention is regulated by the FSA which is not case for many of those other FX companies operating out of odd jurisdications.
we have to include all these costs within our structure which includes paying our share of FCSC liabilities (almost £500k last year due to the Key Data Systems fiasco) and will probably be the same this year and next due to MF Global.
tar .... oddly enough we are not losing clients or having trouble getting new ones and after seeing the results from one of the Major Retail FX providers lastnight/this morning we seem to be doing better than most.
simon
As i have already stated your reading of the Mifid rules does not match ours nor do i believe it is how this is viewed by the regulators in the UK. And i can assure you that the Ombudsman here is no friend of ours !
tar/pipstar
if my platform only had a very limited number of markets (like the company you mention) then i would happily just put the whole thing on auto and walk out the door. not only this but, firstly, their spreads are wider than ours and, secondly, (and rather more importantly given MF Global) your money with them is not segregated (as you are trading spot FX which is not a regulated product) and therefore you would also not be insured under FSCS rules either etc (which you are when you trade spread betting or cfds). So if they go bust you would lose all your money.
At least the company you mention is regulated by the FSA which is not case for many of those other FX companies operating out of odd jurisdications.
we have to include all these costs within our structure which includes paying our share of FCSC liabilities (almost £500k last year due to the Key Data Systems fiasco) and will probably be the same this year and next due to MF Global.
tar .... oddly enough we are not losing clients or having trouble getting new ones and after seeing the results from one of the Major Retail FX providers lastnight/this morning we seem to be doing better than most.
simon
capitalspreads
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it depends on your definition of 'scalper' . our definition is one who trades on latency.
others use it to describe the type of trader you mention.. commonly also arbitragers are called this... but this is a definition from an ECN platform not a market maker one.
we cetainly do not 'investigate' people who make money.
I also find this whole discussion slightly wierd as, so far as i can see, nobody involved in it is actually experiencing any such problems (unless pipstar is) .
Simon
others use it to describe the type of trader you mention.. commonly also arbitragers are called this... but this is a definition from an ECN platform not a market maker one.
we cetainly do not 'investigate' people who make money.
I also find this whole discussion slightly wierd as, so far as i can see, nobody involved in it is actually experiencing any such problems (unless pipstar is) .
Simon
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There is only one definition on the world "scalper", please look it up in the Webster directory.
You have made up your own definition to suit your own needs.
Scalper - Definition and More from the Free Merriam-Webster Dictionary
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tar
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Only 25 M pounds of FSB clients funds and 16 M pounds for FX clients , are you happy with these numbers Simon ? Do we want to compare these numbers with your competitors ? Maybe you are not losing existing clients but you are losing a big portion of potential clients to your competitors . Oanda has tight spreads like yours and it is regulated by the FSA , any firm authorized by the fsa will be entitled to the FSCS protection , and it is a well capitalized company , more than 150M $ in cash , and more than 200 m $ in clients funds and the daily volume is like 10 B $ , however that's not the point , the point is why CS is so afraid from scalpers , believe me leave it to the market and the market will take back what they took , and lets assume there is a few really successful scalpers , so what ? that's a very small price to pay to earn more business and to attract more clients , just my 2 cents Simon .
Why would anyone want to scalp using a spread betting platform ? - Why not use DMA - You need to be able to trade "at market" when scalping and you need the market depth -- If the SB doesnt want that kind of business why not just go elsewhere ? - why even bother complaining about it ? - unless your edge is purely latency based in which case the SB has the right to take that edge away from you - Not really in the business of defending SB co's but some retail traders expectations are far from reasonable..trade the real market and see what trades you can get done in a fast market.. see what genuine slippage looks like!
I don't think it is possible to trade latency on CS web platform, because it has no integrated chart and it doesn't support auto trading, thus it's impossible to identify (if) any latency either by eyes or by software. Note the CS chart is a separate software its price may not match the price on ticket. It has no program interface thus you can not identify any latency electronically neither.
tar
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agree , that's the point if scalpers will lose eventually or at least 95% so why not allow scalping to your clients , i am talking from a business perspective , that's why i am surprised form CS business model .
Why impossible? With sufficient knowledge and determination you could implement your own auto trading support.
Simon, is it possible for the client to check if the trade will be reffered or not before he actually tries to make a trade? Maybe add some indicator to the ticket so that your intentions to refer trades to a dealer are transparent.
