ETX capital slippage..

pboyles said:
So how much negative slippage in the same period?
Click to expand...
Don't currently know, never really bothered me though, net slippage is all I care about.
Its just to keep tabs so I know where I stand, ultimately, I can't do anything about most of the
root causes anyway, so monitoring the overall impact is all I can do.
random12345 said:
LV that's quite a lot of slippage you're seeing, but it really depends on the size you do and since you trade quite infrequently I guess it's less of a factor - if you were using stop orders, why would latency matter except for where you miss an order on a stop would be trigger submission error?

Or are you saying you don't actually use stop orders? If you just use market orders.. 0.3 is pretty good I'd say!

Positive slippage on fx stops is hella rare as you say since you've requested a fill at a potentially variable price, which will generally be matched within 3-5ms and the current b/a spread prices themselves tend to represent the thinnest liquidity prices by necessity. The prices around the mid will be the quickest absorbed and execution speed is all electronic platforms care about - the deeper liquidity is almost always going to be on prices outside of the spread so matching will mostly shift there. Positive slippage would require a deep sudden move against your entry direction within a sub 8ms time-frame.
Click to expand...
Yes I use market orders, not the solution I really wanted, tried to find a way
to take advantage of MB's limit rebates.
Apart from missed fills, the main issue was coding a routine to
check for limit fill, when missed and still flat, to get current bid / ask and
attempt another limit fill or place market order after 1st limit goes unfilled.
I have conceded defeat on that one for now...

Fill speed with MB may be more the issue than genuine market slippage.
The timestamp resolution on Ninja only resolves down to 1 sec, so any
discrepancy of less than 1 sec is undetectable (bit of a gripe with ninja tick import on timestamps as well).
Having said that, the variance between SIM fill time and live fill time
can be anything from 0 secs to 3 secs.
Typically its 0 or 1 sec.
The ping of 183ms is nearly 2 tenths of a second so its definitely a factor.
MB aren't bad, but for whatever reason, ping or their servers, LMAX
is certainly more responsive in general with faster fill speed as well.
Thats is just using both brokers manual platform execution.

Going off on a tangent...
I did try Multicharts and Sierra so I could automate with LMAX.
Sierra is C++ and I just didn't click with MC, I was expecting the C#
code flow to be the same as Ninja, but despite both being C#, they
vary in how code is addressed and run.
So for the time being, its automation with NT and MB and discretionary with LMAX.
Hoping for LMAX support in Ninja 8...
Shakone said:
Yeah the ping to US shouldn't be the problem unless he leaves the stops on his ninja rather than on their servers. Not unreasonable considering some of the dodgy practices that go on.

MB used to have quite a bit of slippage when I used them, positive and negative. I don't think I've ever had positive slippage on a stop order, or if I have, I didn't notice it.

There was a page I saw online of a programmer who claimed to have produced software so that you could use ninja on LMAX (for a fee of course), but I wasa bit suspicious and so didn't look further into it.
Click to expand...
TBH, I have had a few server dropouts and connection losses with MB.
That isn't host connection, as I keep a separate log and trace file for that.
I can't say if its any worse than other brokers as thus far MB is the only
broker I've used automation with, so I have logs and so forth that you wouldn't
have with discretionary trading.

I did initially ask Ninja and MB if NT stops were server side, was assured they were...
On testing that, it appears they are host side, not a massive problem
as the host has UPS and backup connection.
So ping will be an issue, really this is a prime example of why the HFT outfits
co-locate.

Ninja and LMAX API - yeah he PMed me on NT forum saying he had a solution,
but as he couldn't spell (to be fair english may not have been native language)
I decided not to risk it as its basically an unknown code source handling
financial transactions - f**k that...
iandh2010 said:
Hi Guys,
I am really beginning to see why I have always day or longer term traded on shares rather than FX. If you guys are actually looking at what happens right down to a timeframe of 8ms, I don't know how you can stand the pace........

If I am looking to day trade UK stock on the LSE where I set up my trades the night before using stop orders to enter the trade for me while I'm doing my day job, I need to know that whichever SB company I'm using isn't going to keep widening its spreads as that can trigger my trade on their artificial increase in the buy price and cost me more on the spreads in the process.

So which is the best SB company in the UK for me to use?
Click to expand...
I don't know about anyone else but I don't hold trades for a matter of milliseconds :cheesy:
Being serious, what we are discussing is just the time lag between
order trigger and order fill and the various reasons for that.

SB - really I can't personally recommend one as I don't have any recent experience
of slippage, spread widening and so on as SB is not my primary platform,
so I don't have a trade sample to say one way or the other.
I've seen every SB known get slated by some and praised by others on here.
Your own experience is all that matters.
 
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I am still awaiting a response from ETX Capital to state if or not you use the Virtual Dealer plugin to execute trades?

I have been waiting for over a month now, and I have still not heard anything from the company.Poor Customer service in my opinion.
 
macbund said:
I am still awaiting a response from ETX Capital to state if or not you use the Virtual Dealer plugin to execute trades?

I have been waiting for over a month now, and I have still not heard anything from the company.Poor Customer service in my opinion.
Click to expand...

As someone else said, it's not exactly a surprise they won't admit to using something that is designed to fleece the punters. Look what happened to F**M.
 
Liquid validity said:
I don't know about anyone else but I don't hold trades for a matter of milliseconds :cheesy:
Being serious, what we are discussing is just the time lag between
order trigger and order fill and the various reasons for that.

SB - really I can't personally recommend one as I don't have any recent experience
of slippage, spread widening and so on as SB is not my primary platform,
so I don't have a trade sample to say one way or the other.
I've seen every SB known get slated by some and praised by others on here.
Your own experience is all that matters.
Click to expand...


So do you guys all write your own code that runs on your own local PCs and responds in virtually real time (give or take 8ms :) )?

Sounds impressive, I wouldn't know where to start. Is it successful? If you are making a substantial profit out of it I guess it might be worth giving it a go at some stage when I have a bit more time.

Just need to become a bit more profitable so I can give up the day job. That would be the answer to all my problems (y)

Ian
 
iandh2010 said:
So do you guys all write your own code that runs on your own local PCs and responds in virtually real time (give or take 8ms :) )?

Sounds impressive, I wouldn't know where to start. Is it successful? If you are making a substantial profit out of it I guess it might be worth giving it a go at some stage when I have a bit more time.

Just need to become a bit more profitable so I can give up the day job. That would be the answer to all my problems (y)
Click to expand...

Not local PC, local server.
I'm wary of encouraging anyone into automation.
It certainly is not the easy option.
On the face of it things can look that way,
it can be a deep hole even if you get somewhere,
and a bottomless pit if you struggle.

As far as returns go, its no different than discretionary,
in the sense that one persons returns will not necessarily
equate to someone else returns.
Its entirely dependent on you, no matter how you trade :)
 
Hi LV,
When you say local server what do you mean by this? Could you please explain for the uninitiated.

Is this similar to running automated trades on an SB provider's platform like Advantage Trader provided by City Index or are you talking something completely different here?

Ian
 
iandh2010 said:
Hi LV,
When you say local server what do you mean by this? Could you please explain for the uninitiated.

Is this similar to running automated trades on an SB provider's platform like Advantage Trader provided by City Index or are you talking something completely different here?

Ian
Click to expand...

Normally I would be helpful, but personally, I think its something
best left to you.
Honestly I'm trying to help you, truth is most people get nowhere with this stuff.
Those that do could probably beat those returns with discretionary trading (me).
Its a rare few who can generate sizable returns with automation.
Its no easy ride...
Hope you understand where I'm coming from :)
 
iandh2010 said:
So do you guys all write your own code that runs on your own local PCs and responds in virtually real time (give or take 8ms :) )?

Sounds impressive, I wouldn't know where to start. Is it successful? If you are making a substantial profit out of it I guess it might be worth giving it a go at some stage when I have a bit more time.

Just need to become a bit more profitable so I can give up the day job. That would be the answer to all my problems (y)

Ian
Click to expand...

In that particular post we were talking about leaving stop orders with the broker in order to get an edge over market orders sent by retail software - the broker matches in <8ms (normally less than 5) whereas your software needs to see the price move to where it wants, register that, transmit the order and then the broker executes - this can be up to a second or more later and can be many points later if on news.

Trading in ms is the realm of HFTs only. There is a forum for HFT developers that I used to be a member of, but it's way out there... I can't actually remember the damn URL, it is not very intuitive. Will try harder to dig it out if you're REALLY interested.
 
Hi LV and Random,
While looking for another SB to replace the one I have been experiencing widening spreads with, I came across the Advantage Trader platform offered by City Index. I have now downloaded this and I am evaluating it currently. It does seem to be reasonably sophisticated (well to my eyes and knowledge & experience level anyway) but I noticed it offered automatic trading provided that my PC remained connected to the CI server. It also allows writing own functions etc.

My instant thoughts were - If you can automate these things then why aren't we all relaxing on a beach in the Bahamas sipping Pina Coladas.....

I also thought this must be a recipe for everything to go down the toilet as soon as Mark Carney sneezes! So same as usual but 1000 times faster!:)

Ian
 
Still no response from ETX if to if they use the VIRTUAL DEALER PLUGIN to execute trades???

Please reply ETX to as of not you use it.

Thanks
 
Strange that I only can buy??

Well - this is my first post in this forum...

I am trading a small account on ETX platform, actually trying TRO's "Never lose again" strategy- it seems working quite well -

but hey, when the setup is perfect on my 5M EurUsd chart for a short position- the ETX platform shows it friendly face - and are not willing to let me push the sell button to go short.

In fact it is okay to buy, the "Buy" button is active, but not the "Sell" button - Strange!!!

It is a Danish Etx account so the name for "Buy and Sell" is "Koeb and Saelg" The "Sell" Button i suposed to be shining red when active, just beside the Blue Buy button.

Any advise?

2804itt.jpg


I am really new in this trading game - but after a few month of studying the hole subject about trading, it seems that the "succesfull" daytraders are using more specialised systems like Metatrader 4 (that I now have downloaded) or other software like Ninjatrader etc etc, You name it...

Will the same thing occour if I start trading Forex and Index with MT4 and Mbtrading as broker??

Thanks for any advice - and thanks for a great forum with so many good threads

Sorry for my poor English...
 
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they are all nearly the same
and are n't in the game to make us all rich

Google "virtual dealer plug in"

they would nt be called Broke (rs) otherwise
 
Pjort said:
In fact it is okay to buy, the "Buy" button is active, but not the "Sell" button - Strange!!!
Click to expand...
Hi Pjort,
Welcome to the site.

I can't tell you why the sell button isn't active. That said, there's likely to be a perfectly reasonable explanation. I suggest you attach the chart to an e-mail to their customer services department and ask them. Let us know what they say!
Tim.
 
Pjort said:
Well - this is my first post in this forum...

I am trading a small account on ETX platform, actually trying TRO's "Never lose again" strategy- it seems working quite well -

but hey, when the setup is perfect on my 5M EurUsd chart for a short position- the ETX platform shows it friendly face - and are not willing to let me push the sell button to go short.

In fact it is okay to buy, the "Buy" button is active, but not the "Sell" button - Strange!!!

It is a Danish Etx account so the name for "Buy and Sell" is "Koeb and Saelg" The "Sell" Button i suposed to be shining red when active, just beside the Blue Buy button.

Any advise?

2804itt.jpg


I am really new in this trading game - but after a few month of studying the hole subject about trading, it seems that the "succesfull" daytraders are using more specialised systems like Metatrader 4 (that I now have downloaded) or other software like Ninjatrader etc etc, You name it...

Will the same thing occour if I start trading Forex and Index with MT4 and Mbtrading as broker??

Thanks for any advice - and thanks for a great forum with so many good threads

Sorry for my poor English...
Click to expand...
Isn't there a ruling on short selling in Denmark? That may account for the issue
 
malaguti said:
Isn't there a ruling on short selling in Denmark? That may account for the issue
Click to expand...


Tnx for reply on the sell trouble at ETX...

Well, the rule about illegal short selling was regarding shorting Banks stocks,,,
Today it isnt illegal to short sell at all in Denmark...

I have wrote to the helpdesk of Etx, but no reply yet...
 
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