Market-making HFT algorithm - Page 4
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Thread: Market-making HFT algorithm

  1. #31
    JiesnesAxru6
    Guest
    Oh yeah, also in case anyone stumbles on this thread, also gets suckered in by Mr.F-X-C-M's cleverly worded figures, here is one he has neglected to mention;

    in line with this risk disclosure statement on the F-X-C-M site (Q4 2010) it says that just 23 percent of the 18,362 non-discretionary accounts are profitable. Making it the broker with the second worst profitability ratio. That puts them in place number one for getting THE HIGHEST amount of nonprofitable accounts from their top ten U.S CFTC registered RFED's (retail foreign exchange trader )

    77 percent of the 18.362 retail accounts ARE LOSING MONEY. Bad traders? I think not, 43.5% of the biggest broker's (not naming them) 48,866 clients are creating a profit to take an illuion from the surveyed brokers.

    The fact that they troll forums and have an alarm pop-up anytime somebody mentions F-X-C-M at a forum post (actually wonder why it turns into a link immediately?) To do damage control/spread misinformation. Hell, I'm no worker of any broker, I just don't like it when a thread becomes basically hijacked with an ad from a seriously shady broker. One of the only to have a sizable suit filed against them from their retail clients.

    Anyway... as far as HFT, first and pretty much only thing we have to be worried about as retail traders would be slippery spreads.

  2. #32
    JiesnesAxru6
    Guest
    Wow, I do not think anyone really reads their little print, but wow, hope you do not use multiple trades on a pair having an EA which auto-adjusts SL/TP or a trailing stop, see the wording. They say that THEIR mt4, suggesting that they have a modified and distinct version of MT4 compared to other brokers, shifty shifty. I told that rep to never push me and to not hijack threads... He could pay the price now.


    (in their trading risks Foreign Exchange implementation page )

    Net Stops and Limits
    The F-X-C-M MetaTrader 4 platform uses Net Stops and Net Limits. When you have several positions open in the same currency pair, a stop loss (SL) or take profit (TP) acts as a Net Cease or a Net Limit. Changing the stop reduction or take profit price on any individual commerce overrides all existing SL and TP prices at the same currency pair.


    Oh, Oh, Oh, check out this also; (from same webpage )

    A 0.1 pip mark-up is added to disperse for the use of MT4. The 0.1 pip is in addition to the normal mark-up F-X-C-M adds to the spreads it receives from liquidity providers. F-X-C-M MetaTrader 4 allows for order dimensions around 50 million each trade. Traders have the ability to trade incremental dimensions (multiple orders of 50 million to get the same pair). The F-X-C-M MetaTrader 4 Platform doesn't show pip costs.

    In order that they do not show their cost, do not show the mark-up, BUT they charge us an additional 0.1 pip on TOP of the'regular' mark-up only for the privilege of using mt4.

  3. #33
    Hidden fees and fees? I guess they aren't hidden if they are in the PDS fine print

    Hope you chose some time stamp on the PDS, it will probably be updated in 24hrs.

  4. #34
    sorguSicu
    Guest
    Hi Just some thoughts to share.

    For the F broker, I believe it's expensive to trade with them, considering spread and commission (if you use their busy trader).
    If one research more and asks about, it's possible to loe some areas supplying better liquidity with much lower overall commission compared to F broker.
    But that's for the cost side, I think different individuals have different choices, so no comment on this.
    Perhaps some folks like something in F broker
    (personally, I don't find any strength on them however, it even takes them 5 days to draw cash at precisely the same country, which may readily be carried out in hours)

    As for your net sl/tp, I would suggest to think about this in the coding, which means you don't setup sl and tp on the MT4 at all.
    Instead, you monitor orders on your code, and execute sl/tp by your code and the saver info on your computer (rather than replying on their server.)
    MT4 has its poor reputation for its rear door thing, so I think avoiding relying upon the MT4 machine is a better way to go.

    *(1) I believe it may also occur on any other platforms. If a structural broker would like to do so, I think they can attain it.
    *(2) Using self-coded algo to clinic sl/tp or any other things doesn't promise that you wont be robbed by the counterpart, but it just makes things easier to track, so when things fail, you can see that in the very first time.

    Cheers, Wjack

  5. #35
    Ch0c/Wjack07 . . I LOVE your due diligence on this issue. You've been round the block here before... Along with the set-piece responses in the broker in question are entirely predictable, although I have to state better than no reply at all. . LoL.

    Youre Cyniscism is indeed real, so nicely placed.

    Ive traded financial markets for more than 10 decades, and I can tell anyone over age 18,
    the industry has one goal and that is to twist you. I have never had any dealing with the broker in question here.
    Maybe theyre worse or better than the average. One thing I DO KNOW, that IF ANY PART OF THEIR PROFITABILITY CAN BE ENHANCED BY YOUR LOSS They'll EMPLOY EVERY EFFORT, TRICK, TECH-routine to get that extra Buck. Regulation in the FS industry outside fraud, is PATHETIC.
    And 90 percent of these plays go entirely un-noticed and unqualified.

    If you want to create money as a retail trader, you want to comprehend the SELL-SIDE.
    99% of people who get into this business leave poorer. The entire thing is a triumph of Hope over Experience.
    Why would ANYONE make a reasonable decision to risk their hard earned cash in a method thats made to create them loose.
    Cos I can beat the system?? Joke. Can you beat on the system? The chances? yes. But very few do. And ONLY if they understand the system.
    And can become near the true market. Which 99% of retail traders cant.
    And then realise that using retail brokers, after youve been recognized as a winner, they've whole NEW set of tips to twist you even than.

    The definition of a Fair market is one in which EVERYONE has fully clear and equal access to data.
    Retail day traders clearly dont. EndOf. 90% dont even use a SqwalkBox, and most dont even understand the importance of economic news available on the market.

    I stopped even looking atforexforum.co.zafollowing a brief flirtation, since I found the level of misplaced optimism too gloomy to see.
    The FxFSI happen to be staggered EVERYBODY for years. Including industry that is severe. And several retail entities have experienced the credibility or guts to call it like it is.
    It is no accident that the NEW buzz in the general investment industry is TCA. Its not filtered down to retail FX however, but its coming.
    And with it I hope, will come a cleanout of the retail industry. Meanwhile the advice gateways we hope, even FF, continue to rely on earnings from advertising the fundementally tainted retail brokerage industry to finance the site we're communiing on.

    Like I said 99% of retail players wind up poorer.
    Due to my cynicism and sell-side contacts, Ive ended up at the 1%.
    But Hey! Its been the toughest way to earn easy money Ive EVER experienced in my entire life.
    All that said, I DO understand and have cash with a few really clever, low/low-key professionals that have found ways to earn consistent ALPHA
    returns regularly available on the market over 5-8 years.
    AND seen the way their profits have been effected by the market gateway theve used.
    In 1 case the gap between profit results of an easy orderbased algo system, one by means of an Institutional Broker
    and another using a well regarded Retail Broker. . Showing a gap of 50 percent RoI!
    WTF??
    Enough.

    OK Rant over.
    Hope some of it of aid, or at least to earn everybody THINK real careful before they become among those 99%.

    Ed

  6. #36
    kuka1963
    Guest
    I am working on something. If you're willing to code in MT4 for the egy, then lets discuss. I will email you trade announcements of the egy which I am currently trading manually and if you enjoy what you see, I will mail you the simple logic of the egy. My goal is for the EA to have no less than 500 trades weekly,beginning on Monday and closing all places on Friday while maintaining a sensible drawdown then returning the beginning capital to net breakeven at the end of all trades. Buzz me if you're game.

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