brendansvest
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Thats a no then?
montmorencyt2w
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I guess you are a biggish client of theirs then if you are on beer-swigging terms with them
A Dashing Blade
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Not at all, auto-trading is one of the things I'm professionally involved in + always prefer to initially meet peeps face to face rather than email to establish credability.I guess you are a biggish client of theirs then if you are on beer-swigging terms with them
montmorencyt2w
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I see. Sounds like a good principle.
mrosbiston
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any verdict on pro-spreads spot fx?? looking to open an account for scalping with them and interested in any feedback.
Vaco
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Very new to the whole idea of charts not provided by the broker and cant seem to be able to find the info I want,
Do you have to pay for the data feed from esignal or does it plug into the data you get from prospreads?
Can it be set up so that your buy/sell orders appear on the chart as they do in mt4?
Is it difficult to set up the connection between broker and charting package?
Thanks
A Dashing Blade
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Yes, ESignal with Eurex feed costs me roughly £100pcm
No, I use ESignal as an independent charting tool
Ninja Trader's prolly the best (read simplest) at connecting to brokers + has very good charting capability. Played around with it a bit but I found it's API (Application Program Interface - if you want to go down the totally programmed route then this is the bit of it's program that your program talks to iyswim) pretty rubbish and support laughable. You still need to pay for a data feed tho', I simply told it to tak my ESignal feed.
Jack Hughes
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Why oh why did ProSpreads(FuturesBetting) do away with the NinjaTrader compatibility??
That's what I wondered, especially as they don't seem to have anything as a replacement.
I think they may be putting their efforts into getting automated features on their platform.
The reason they did away with Ninja is (since they haven't denied it here) is that there were issues between Ninja and PS at the API level. PS didn't have a huge amount of clients using this combo, and rather than put the effort in to fix these problems I think they decided that a better use of their time would be pushing the new branding with their existing platform. A real shame IMO. Their official line however is that Ninja IT weren't very helpful. See pages 5-9 of this thread for more info.
Yes - the NT API essentially doesn't really work with Prospreads - cash and position are continually incorrect and the stops and limits don't seem to work at all. I spent some time trying to arbitrage between the NT and Prospreads help desks - it didn't take long for me to decide that life was just too short... (both were very courteous but I just didn't get the impression they had the energy to get it fixed).
Graphing in NT worked initially then completely packed up one day and I never got it to work again. I'm therefore using CityIndex graphing until another solution comes along (not sure PS graphing will help when it arrives as you have a different 'connection' to their platform when using NT).
Having said that the bit that *does* work is market orders/filling - so that's what I'm currently using with my automated trader. I've heard that PS are prepping their own API which would be great - seems a bit of a waste to pay for NT when all it's doing is passing through PLACE instructions.
I understand that v7.0 of NT will lose the Prospreads interface so I'll be staying on 6.5 until the PS API becomes available.
Graphing in NT worked initially then completely packed up one day and I never got it to work again. I'm therefore using CityIndex graphing until another solution comes along (not sure PS graphing will help when it arrives as you have a different 'connection' to their platform when using NT).
Having said that the bit that *does* work is market orders/filling - so that's what I'm currently using with my automated trader. I've heard that PS are prepping their own API which would be great - seems a bit of a waste to pay for NT when all it's doing is passing through PLACE instructions.
I understand that v7.0 of NT will lose the Prospreads interface so I'll be staying on 6.5 until the PS API becomes available.
be careful with live account for spot FX (with CURRENEX) trading. It is NOT fully working yet. And the worst of all, if you log out from the platform/disconnect/reboot, all your OCO orders are pulled! That put you at hopeless risk. Be careful! You are warned.
To be honest, the spot FX module (the CURRENEX) has not reached a release candidate stage, actually it is not even beta. I don't mean bug free, I mean it is not yet fully functional. It shouldn't have been put on live platform at the moment. Traders could lose hard earned cash easily. There is no up to date docs explaining what is working what is not.
They are trying to get it working but no ETA for now. I am a swing trader, normally hold FX positions from a few hours to a couple of days. For now the support is not 24/7 therefore things could go terribly wrong over night with the premature module. They said they could have 24/7 support at some point.
They are trying to get it working but no ETA for now. I am a swing trader, normally hold FX positions from a few hours to a couple of days. For now the support is not 24/7 therefore things could go terribly wrong over night with the premature module. They said they could have 24/7 support at some point.
That's quite worrying. I remember when I joined, the documentation was very sparse. My impression was that years ago, some IT team had set up a highly effective core system which forms the basis for PS's system. They then were not in business for a few years, and they relaunched without that original IT team, and just hoped for the best with the system.
I may have it wrong, but what you say just reinforces the view.
fast trader7
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hello
NFP today,
Just be extra careful. I expect the number to be better than expected and the market
will shoot up.
Just my thoughts
NFP today,
Just be extra careful. I expect the number to be better than expected and the market
will shoot up.
Just my thoughts
Jack Hughes
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Hope you didn't act on them!
Hi, Can anyone who uses prospreads let me know how the spreads actually work. For example, on the platform, is the commission (which you pay for both ways) included in the spread shown on the ladder.
Example
EURUSD is showing up now as 1.4960.5 and 1.4961.7 which is a 1.2 spread, but does this include the extra 0.5 commission which is charged both ways and would effectively bring the spread up to 2.2?
Any help with this would be grand.
Thanks.
Example
EURUSD is showing up now as 1.4960.5 and 1.4961.7 which is a 1.2 spread, but does this include the extra 0.5 commission which is charged both ways and would effectively bring the spread up to 2.2?
Any help with this would be grand.
Thanks.
I believe the answer is no, so for the example you quote the actual spread is 2.2
If you have a demo account try a buy immediately followed by a sell during a quiet market moment and you should see from the change in the demo account balance what the effective spread was.
The spread table on their site is misleading because (as you point out) their add-on is charged on both the buy side and the sell side (so their real spread add-on is double what the table implies).
(I'm not a customer so this answer may not be definitive).