How can you not make money with LMAX ?

DowJones

Experienced member
1,073 391
For those interested in currency trading (not giving money to FX bucket-shops) I'd STRONGLY suggest looking at LMAX. Have recently switched to it and am VERY happy. Will post some screenshots later if people are interested - bit busy scalping right now...
 

DowJones

Experienced member
1,073 391
Screenshot as requested... found the platform to be clean and efficient.

lmax1.jpg
 
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DowJones

Experienced member
1,073 391
Hi traderjoe,
MetaTrader is basically a front-end, LMAX is an MTF (Multilateral Trading Facility - our equivalent of an ECN) - so not really a fair comparison. Whilst I find the MetaTrader charts to be ok (some of the programming features are quite nice), I don't, and wouldn't, trade via MetaTrader.
With LMAX you have institutional level trading - VERY low spreads, great execution, no re-quotes, and good platform stability. It was these latter features that attracted me when I was told about LMAX. I've used many brokers and platforms over the years, across several markets, and frankly most of the retail stuff out there isn't worth bothering with. LMAX is different - I was very impressed.
Hope this helps.
 

DowJones

Experienced member
1,073 391
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).
 

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neil

Legendary member
5,167 747
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?
 
L

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.
 

DowJones

Experienced member
1,073 391
Hi Neil, yes that's my understanding.
 

DowJones

Experienced member
1,073 391
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.
 
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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.
 
L

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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