Impossible to TP because of spread (workarounds)
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Thread: Impossible to TP because of spread (workarounds)

  1. #1
    Just another pending that got triggered, despite heading 7 pips beyond my TP it didn't got closed (spread counter gave me a whole 35pip disperse, to make things worse, on an ECN commision broker(!) . We all know these situations, despite your efforts disperse may very well kill you.

    Now I tried to configure my EA a bit. For instance to have it place an SL 5 pips away when price is 95% near TP (counted in the initial entry price level).
    Now clearly this doesn't work either as an SL should be x pips away, depending upon current market conditions (in order to 35pip disperse volatility you will not be able to place your SL in current range).

    Anyone got a workaround?

  2. #2
    I noticed I posted this at the conversation. . This is quite platform technician stuff I guess. .

  3. #3
    When you start orders in ECN and you wind up getting profit, there is somebody out there having a loss and they are not liking it. (that is why I state that probability of hitting TP is lower compared to hitting order that raises your possible losses, atleast on my ECN broker)


    It's sort of the same in bucket stores but if there is a sufficient of winners at the bucket shop on each side of your entry and sufficient new offsetting losers arrive in after you input, it will look like the market dismisses your trade. It doesn't - provided that you're coming in assistance push your trade to profit. In ECN the liquidity is more fragmented and there is more likely some competitive HFTs there looking for ways help you lose your cash. If you don't like to compete with the best then perhaps sticking into one of the greatest bucket stores makes for easier trading. I really don't know for certain but I would imagine.

    The critical difference is that in ECN there has have numerous HFTs, experts, hedge funds, large market makers and so forth. Who are you using in bucket shop? Experts, possibly small hedge funds and maybe a lot more dumb retail flow compared to in ECN in which HFT scalp all the flow... The HFTs/short term market makers are probably not as much current as they could eat into bucket shop profits. That's why bucket shop wants to know a little about you once you join, they don't want competing bees there as they are the shark (bucket shop market maker).

    I have not given up on my ECN broker despite losing a crap-ton. Most of the reduction was due to my own mistakes anyway and competing with the very best has allowed me to really hone in on what's going to keep working long term. Problem with bucket shop stuff is you can find all sort of egies that work for a while. I'm just interested in things which keep working and work in each market.

  4. #4
    Quote Originally Posted by ;
    If you start orders in ECN and you end up getting profit, there's somebody out there with a loss and they're not liking it. (that's why I say that probability of hitting TP is lesser than hitting order that increases your potential losses, atleast on my ECN broker) It's sort of the exact same in bucket shops but if there's a enough of losers at the bucket shop on each side of your entry and enough new offsetting losers come in once you input, it is going to look like the market calms your commerce. It will not - provided that losers are coming in help push your...
    What botters me is it is just ECN brokers which use commisions the majority of the time. One will cover a commision for reduced (raw) interbank spreads. . Yet is seems to spike up to a whole 35 pips on some occasions... Anyhow, there are a few creative workarounds that could lower some of their risk here.

  5. #5
    Buy sell and stop stop breakout egies is not works through the news. .

    U won't ever triumph as retail trader. .

    Yet..people still dream to reach the rich. . .lol!

  6. #6
    sToodaxns
    Guest
    Shoot have short positions on GBPNZD with a TP of 2.2865. . Spread blew out bid 2.2856 ask 2.2890 lol mother$@#ers

  7. #7
    Quote Originally Posted by ;
    buy stop and sell stop breakout egies is not works during the news. . U won't ever win as retail trader. . Yet..people still fantasy to attain the wealthy. . .lol!
    I know your fruion but rather discuss solutions rather, spreads are a fact. Its our job to decrease the damage on case disperse situations.

  8. #8
    Quote Originally Posted by ;
    quote I know your fruion but rather discuss solutions instead, spreads are a fact. Its our job to reduce the damage on worst case disperse situations.
    They've been not any solution since the trader increases the spread. .

    The solution that we have is. .

    Gambling!

  9. #9
    Okay I coded a workaround that seems to work so far. Some ideas that I executed. .

    #1 95% near TP fixed SL x above current market price (despite not necessarily able to attain this paramater due to market conditions).
    #2 Trailing TP x pips below/above price. (any little fluctuation towards TP will currently TP Contemplating the bigger timespan(disperse will clearly only be a few moments 35 pips in the worst situation )

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