Can we trust market makers (DD)?

Sep 12, 2014
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#1
Can we trust a market maker broker, is there such thing as a good dealing desk?

Or can traders only trust STP brokers?

What are the best STP brokers for HFT trading, low costs and fair trading rules/conditions??
 
Jun 13, 2017
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#2
There are some traders comfortable with how the market makers work. Maybe they are after the bonuses, or maybe not. But market makers are notorious for manipulating orders and I don't want to experience that.
 
Dec 12, 2016
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#5
Many companies have mixed business models
They act as ECN for ECN clients
And as MM for those who trade on cent, standard etc accs
 

gerryg

Active member
Sep 9, 2013
915
8
28
#7
Can we trust a market maker broker, is there such thing as a good dealing desk?

Or can traders only trust STP brokers?

What are the best STP brokers for HFT trading, low costs and fair trading rules/conditions??
Why not? They are same LPs but small. Considering they have many losing traders they can accept winning as well, just make sure your strategy doesn't violate their rules.
 
Aug 6, 2017
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#8
Lol

Why not? They are same LPs but small. Considering they have many losing traders they can accept winning as well, just make sure your strategy doesn't violate their rules.

Sure they can accept winning trades as well, as long as they are their own. :LOL:
 

darktone

Well-known member
Nov 2, 2003
3,917
999
123
#9
Open both a futures and otc acc, trade them with exclusively with limit orders side by side, then you can make your mind up based on your actual experience rather than on someone elses view.
 

gerryg

Active member
Sep 9, 2013
915
8
28
#10
Open both a futures and otc acc, trade them with exclusively with limit orders side by side, then you can make your mind up based on your actual experience rather than on someone elses view.
Yeah sure, better to keep mouth close and spend money for tests and understanding nothing at the end. :LOL:

It takes years to understand pros and cons both. Futures are much complicated, i.e. more data to to analyze, different costs, liquidity.
 

darktone

Well-known member
Nov 2, 2003
3,917
999
123
#11
Yeah sure, better to keep mouth close and spend money for tests and understanding nothing at the end. :LOL:

It takes years to understand pros and cons both. Futures are much complicated, i.e. more data to to analyze, different costs, liquidity.
I dunno about years, but it does take an open mind. When alls said and done, in fast / gaping market, where would you want your limit filled? Dead nuts or + something in your favour? Its not rocket science ;)
 
Likes: wisefoolx

gerryg

Active member
Sep 9, 2013
915
8
28
#12
I dunno about years, but it does take an open mind. When alls said and done, in fast / gaping market, where would you want your limit filled? Dead nuts or + something in your favour? Its not rocket science ;)
Ok looks good lets see how's progressed with your tip :)
 

darktone

Well-known member
Nov 2, 2003
3,917
999
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#13
Ok looks good lets see how's progressed with your tip :)
Well its not a tip as so much as a fact of life. If you compare the tp orders (green column) with the tp fills (red box) youll find many price improvements. Look at the comments section on the right youll find (started/gap) comments also, although the MT4 blotters dont record the numbers for the entries, not that im aware of anyways. All orders are limit orders, going in and coming out.
 

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gerryg

Active member
Sep 9, 2013
915
8
28
#14
Well its not a tip as so much as a fact of life. If you compare the tp orders (green column) with the tp fills (red box) youll find many price improvements. Look at the comments section on the right youll find (started/gap) comments also, although the MT4 blotters dont record the numbers for the entries, not that im aware of anyways. All orders are limit orders, going in and coming out.
Oh this right column looks really good for analysis of platform performance. How can I add this in journal?
 

darktone

Well-known member
Nov 2, 2003
3,917
999
123
#15
Oh this right column looks really good for analysis of platform performance. How can I add this in journal?
open terminal / account history / right click and tick comments.
enjoy :)
EDIT:- if you drag the closed trades onto the chart itll show the entry and exit, can be useful too.
 
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