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Thread: IC Markets Slippage Grey Hairs

  1. #1
    Hi there,

    I am getting gray hairs over IC Markets. I mean really.

    I exchange standard lots and utilize pending orders at levels ().

    I thought IC Markets was suppose to be a direct forward broker and therefore I've been with them some time trading
    an ECN account.

    Everything I see day in and day out is that 90% of the time I get slipped real bad (2-3 pips) and (strange enough) consistently from the
    favor of IC Markets, meaning 90% of my trades I either loose more or gain less than I ought to have.

    I am not speaking about news events, high volatile trading etc.. Just normal markets together with pending orders waiting to be stuffed.

    A rough calculation shows me that I loose around 30 percent of my pips due to IC off me.

    Needless to say, I am looking to modify broker ASAP so if anyone can suggest a reputable ECN broker I am all ears.

    Due

    PC

    / https://www.ghostmail.com

  2. #2
    What's your ping to IC Markets machine, head ~300ms.

    Numberman

  3. #3
    Merely to explain with an example:

    Pending order sell at i.e. 179.80 with TP of 179.74 (6 pips)

    Live facts : Filled short at 179.78 and TP at 179.75. (3 pips)

    So rather than making 6 pips I create 3. = 50 % less.

    In a normal market, no spikes, no spread Growing etc.. Normal problems.

    (And nothing to do with TS EA in case anyone wonders).

    This occurs everyday.

    PC

  4. #4
    Quote Originally Posted by ;
    what's your ping to IC Markets machine, head ~300ms. Numberman
    Ping would just change if he is trading using immediate implementation w/o SL TP . Because if he is doing such as pending order then the petition is saved on server and has nothing to do with ping . Also if he set a SL TP it is also saved on server so Ping has nothing to do with this

  5. #5
    Quote Originally Posted by ;
    quote Ping would just change if he is trading with immediate implementation w/o SL TP . Because if he is doing for example pending order then the request is stored on server and has nothing to do with ping . Also if he set a SL TP it's also stored on server therefore Ping has nothing to do with this
    Thank you for the clarifiion.

    Numberman

  6. #6
    Quote Originally Posted by ;
    quote Ping would only change if he's trading with instant execution w/o SL TP . Because if he's doing for example pending order then the petition is saved on server and has nothing to do with ping . Also if he place a SL TP it's also saved on server so Ping has nothing to do with it
    Thanks - yes I agree this hsould have nothing to do with ping times.

    PC

  7. #7
    Well I watched a member saying coping directly with liquidity supplier is better than retail broker because you'll have lower spreads and ultra fast execution . I am not sure how exactly you can do that or if it is possible but do some study it might be the answer.
    EDIT : Found this link : http://en.tradimo.com/tradipedia/liquidity-provider/

  8. #8
    Another instance a few mins ago:

    SL @ 0.5 pips.

    Stopped out at - 0.5 pips.

    = Missing 0.5 pip rather than gaining 0.5 = Net reduction 1 pip (IC Markets gain 1 pip?! Plus their commisions)

    Dont should be a rocket scientist to begin wondering....

    PC

  9. #9
    Yes I face same problem all the time, I am just giving them some more time or I have no option but to change broker. Seems like they're playing some filthy games.

  10. #10
    Seems like Obama and That I use the same broker

    PC

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