pipstream

Re: now 10K USD account at Dukascopy Hi dznmrd, Thanks for your feedback. Yes, it's a though job to find a REALLY good broker and I believe it is impossible to find one that has no drawbacks at all, therefore the best we can do is find one that best fit our particular case and needs. For instance, I need MT4 + ECN + hedging + non-FIFO capability, therefore my consideration for FXopen. But I'm very much aware of their reputation. When I included them in my short list, it was only for their MT4 ECN/bridge version connected to Dukascopy (not their micro/regular MT4 accounts which are obviously going through a dealing desk). Even so, I would probably open an account with Dukascopy and simply use FXopen MT4 ECN/bridge demo feed to make my trades and copy them directly to Dukascopy. BTW, about FXDD; I've been a client of them for the last 3 years and for me they are also a bucketshop. (I'm talking about their regular MT4 platform, can't say for their other platforms) They have cheated me MANY times of profits by freezing & disconnecting their platform, widening their spreads (which are supposed to be fixed) and many other dirty tricks (always when I was in profit btw). They also purposely increase their EURGBP spread in the Asian session to 5~8 pips to stop the FAPTurbo traders (before FAPturbo, their EURGBP spread was only 3pips!). I could go on and on about them... I know they also offer ECN/CurreneX version but because of my experience with them, I’m not interested X-( FXCM, Alpari, FXPro, I’ve heard good and bad things about them and will keep researching them. MBtrading has a very good reputation except for their relatively high commission and the fact that they must now follow new NFA anti-hedge/fifo rules, therefore they’re out. CMS, I don’t know about them and I will start researching them. Thanks for the suggestion. I’m also tempted by a CurreneX broker (except FXDD :berbusa: )

Re: now 10K USD account at Dukascopy I haven't decided yet. It's a tough choice (and a potentially expensive one). One thing is for sure; from now on I want to trade with a "real" broker, one that doesn't trade against its clients and /or plays tricks with the price feed, so no more dealing desk/market-maker for me! I'm currently looking at Dukascopy/FXOpen, ATC/FXCM, FXcbs, and a few others supposedly "true ECN" like TadawulFX (that one is doubtful; fixed spreads=conflic of interest). The only good thing is that from my location I get very low latency (<50ms) to all of these brokers so execution can be really fast IF the broker doesn't fool around with the trading process (like so many market-maker do with MT4 and the famous Boston Technology Dealer Plug-in) One question I have for you regarding your live Dukascopy account: while you are probably not a News trader so you may not have done this often (if ever), have you ever tried to open a position right after a big News release (i.e. NFP) when the prices are moving really fast? Any problems getting filled? I’m asking because if Dukascopy can cope with those kind of market conditions, then it’s a really good sign of their reliability.

Re: now 10K USD account at Dukascopy Thanks for the info dinj :) I'm very tempted to open an account with them. The only real drawback I see is they don't offer MT4 directly (through FXopen yes, but with FXopen reputation I think I will stay away from them)

Re: now 10K USD account at Dukascopy finimej, Thanks for the info on FXopen. And to think I was considering opening an account with them instead of Dukascopy...hmmm... I guess if I ever go the Dukascopy route, I will use your suggestion and run my indics/EAs on FXopen MT4 ECN demo and "copy" these trades to Dukascopy.

Re: now 10K USD account at Dukascopy finimej, I forgot to ask; you said that Dukascopy execution is so fast that it's a pleasure to scalp with them. Have you experienced any partial fills and/or slippage in fast markets? (i.e. at news time) One of the reasons it's almost impossible to do efficient scalps on MT4 is because of those damn requotes MT4 brokers almost always do. I hope Dukascopy doesn't have anything similar to that!? i.e. what are the worst trading conditions that you have experienced with them? Thanks, pipstream

Re: now 10K USD account at Dukascopy finimej , Thanks for sharing your system and suggestions regarding FXopen/Dukascopy & Fapturbo. I downloaded FXopen mt4 ecn demo and indeed, apart for a slight delay in execution time, it matches perfectly with Dukascopy demo. I beleive the slight delay is perfectly normal considering the network delays between Dukascopy & FXopen, on top of processing delays for the jforex api to mt4 bridge. The delay is about 1/2 sec, not enough to be impratical to trade, but still there will be cases where we could loose a few pips because of the delay. I beleive that transcoding the MT4 indicator to Java and trade directly on Dukascopy would be preferable but of course, it takes time to do the conversion, let alone to learn a new programming language...