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neil

Legendary member
5,167 749
I was asked, "So can you make money on it?"
My reply is on the screenshot (the activity log shows today's attempt at scalping on EUR/USD - posn size average about 1-2 lots).

I think you need $10000 to open an account?
 
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Liquid validity

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I think you need $10000 to open an account?
So you are thinking of switching then?
Me too, porting problems I mentioned in pm aside,
LMAX is a no brainer, spreads 50% better then I get now...
I'm probably going to use NT as a signal generator, until
I get Multicharts sorted, NT add support or I find another way.

Forgot, yeah $10K USD, IB do the same thing as well.
Not a big problem if you are at reasonable size.

Might be more than you need to cover losing trades,
if you have more than a few trades open at a time,
you'd need 10k ish for margin anyway.
 
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Liquid validity

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Hi Liquid Validity,

Thru the standard LMAX web interface, you only have the basic order types: Market, Limit, Stop, and contingent orders like Stop-loss, Take-Profit etc. However I believe you can plug-in front-ends like MultiCharts to give further functionality. Hope that helps.

Cheers.
Already been finding my way around Multicharts for the last few days.
Nice can of worms I opened there, MC.net and Ninja both C#, but both have
a different code flow, but that is nothing to do with LMAX.

I had been hoping to use the standard LMAX platform in the interim.
Looks like I'll have to generate signals in NT, then execute manually
in multi until I get it all sorted.
 
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Liquid validity

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Well done finding that, they use a FIX connection so its not advertised
as a front end on LMAX, going to have a good dig around, saying that
Amibroker should also connect via FIX.

Starting to get p1ssed off with NT's restrictive connection options.
Hoping NT8 will sort that, but with NT you never know, main focus is still
U.S. futures, even coverage for Asian exchanges is patchy...

BTW, found the LMAX platform pdf:
http://www.lmax.com/pdf/Trading-Manual.pdf
 
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Liquid validity

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Cheaper than I expected..., package 5 needed (or trial):
Pricing - Sierra Chart
Sierra is C++ not C#, for me Ami may be better, even though that is C++ as well.
Jeez, I hope NT wake up, loads of platforms are jumping in to support LMAX now.
NT doesn't even have a full blown API FFS...no FIX, only PATS.
 
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Liquid validity

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You can open a standard LMAX account with $1000 minimum. Just go to Alpha Novae - Alpha Novae, automated trading solutions and click on LMAX special offers in top right of website. You trade with LMAX and deal with LMAX direct.
Yeah there are quite a few introducing brokers / white labels now.
Armada etc.
Think I'll open direct with LMAX anyway.

That does look to be the future of LMAX though, introducing broker,
maybe stop taking retail clients direct.
Just hope that doesn't lead to spread markup...
 
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Liquid validity

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Yep, that's what I've been doing recently - using a separate package for charts etc, and inputting orders manually via LMAX's web interface. To be honest it's been fine. I often scale into and out of trades - and LMAX's interface allow's you to have a consolidated and/or detailed trade view. You can then set stops/profit targets for each part of the trade, or the whole lot.
TBH I would leave it like that myself, but I mostly trade automated,
so I've got more of a headache changing over :LOL:

Main problem is current platform Ninja can't connect to LMAX.
So I need to learn, and port code to another platform.
I'd rather keep Ninja, but its looking like I don't have much choice atm.

Most solutions that keep NT are a kludge:- excel bridge,
even thought of sending NT signals to collective2, then using that to trigger MT4 (desperation).
More than likely, NT8 support aside, probably be Amibroker and FIX connection.
 
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cablemonster

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Yeah there are quite a few introducing brokers / white labels now.
Armada etc.
Think I'll open direct with LMAX anyway.

That does look to be the future of LMAX though, introducing broker,
maybe stop taking retail clients direct.
Just hope that doesn't lead to spread markup...

Be careful. Armada are a broker dealer using lmax prices which is v.different. What the majority of people don't realise is that a broker dealer will use language like 'ecn' and straight through processing. In reality you cannot mark up the spread of an ecn and keep it an ecn, its not possible either the order is in the market or not. The link i provided will still see you trading on LMAX not via a broker dealer, just negotiated lower account minimums.
 
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Liquid validity

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Be careful. Armada are a broker dealer using lmax prices which is v.different. What the majority of people don't realise is that a broker dealer will use language like 'ecn' and straight through processing. In reality you cannot mark up the spread of an ecn and keep it an ecn, its not possible either the order is in the market or not. The link i provided will still see you trading on LMAX not via a broker dealer, just negotiated lower account minimums.

True about the ECN markup etc.
Thats partly why certain brokers had their arm twisted by the SEC
to change the public description from ECN to EXN or ECN like...
Those types of places are basically client to client matching on
that particular brokers book.

TBH, I'd prefer to just go direct to LMAX, account min. not a problem.
I'd rather have FCA registration TBH.
 
 
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