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Thx JMKForex...
I DONT KNOW WHAT TO THINK
With Forex.com I have not lost any money in news hours, however... those Gaps, simply I don't like them, since in the demo account in Fxsol those things did not occurred to mepersonally, I Thought that Fxsol was the ideal platform to solve my inconformity,... however, LIVE at Fxsol appears to be different.lt;? Xml:namespace prefix = o ns = urn:schemas-microsoft-comffice
Originally Posted by ;
I signed up with Nexgen Trading who are introcuding brokers to North Finance. Not one issue. On the demo platform and Live, no issues with Buy Stops / Sell Stops, NFP, CPI news releases. When the market is most volatile, their spread increases to maximum of 4 pips (EUR/USD). Under ordinary market conditions it's 2 pip spread. Another reason why there is fewer hassles is since MT4 runs on the regional PC and nominal information is delivered through the wire. If you operate HTML or JAVA, you're pulling/pushing more data - more bandwidth, greater possibility of system freeze, etc..
Only my opinion - use it, do not use.
Men, I believe there is not a single broker which will fill your order at the specific limit or stop price during news occasions....Prices only gap up or down, it is out , you can not play this about since there is a gap in the chart. . .Due into the lack of volume, you can not tell if there were actual trades in between or not, so don't expect exact matches, factor the slippage into your trading egy...
Due,
Nader
narafa you're getting wiser and wiser with the time.And great thing about you is that you share it.
thanks.
He's been smart as heck for as long as ive known him!
They stop will not execute after announcement, even after 15 minute stop will not be Implement
Recommend you close all account Together with forex.com
They downtime Can Be Dreadful
I really don't know if you can blame a Broker when he can't create your Market
order 20 seconds after a significant news announcement. Attempting to place a market order and you get what you get when the middle of a spike. A stop or a limitation ought to be drawn up during a huge move if placed before hand.
Forex.com I really don't like since I had a commerce stopped out below a price I saw on their charts or their display. When I specify a stop at xxx.50 along with the base of any candle is xxx.52, I shouldn't have been stopped. I gave them an opportunity to produce good but they chose not to and they basically told me that they found
xxx.32 come up from one of their feeds that they base their price during that time. I took that as you can't trust the prices you see!!
If you want to see some tight spreads during volitility check out EFX Group, their spreads actually tighten up during news and such. Beyond that it can be a nightmare with their platform. No charts or reports. They are down alot, they have various servers that go offline and it provides you a flashing alarm on the screen. I see the alarm more often then I want to.
I like FXSol's platform and could just begin a live account for trades out news releases. Only bad I've heard from them is high spreads during the news.
Theres always Oanda but I am starting to like the Greater leverage from the others.
Thanks a lot my friend. . .It's always great to Attempt to help so that one can get help from other people when he needs it... Everybody Requires a hand all the time...
Thanks,
Nader
Do not you think you're exaggerating a tiny bit Merlin. . .Maybe I'm getting wiser, but I Am Certain That I Want to be wiser as time passes
Thanks anyway my buddy, in factI oweforexintuitivea lot I owe several members here too far, not to mention the wisest of FF, Fijitrader...
Thank you,
Nader
Narafa nailed this pup. . .dudes. . .honestly. . .news. . .slippage. . .expect it.
FX Sol is not with any problems that are different compared to what others are doing. They are simply wising up. The guideline is, with FX Sol, if you want to prevent the limit premium, then put a commerce 10-15 minutes before the news. The reason they use the limit premium is because they know they can't get your order filled in the event the bank prices jump. Thus, in order to nourish the bank ordersthey want you to put your limits (which become stops) so they can get triggered correctly (rather than shooting directly throughout the limit orders. . .if they do not get traded, they do not earn money).
While it may not look like a wonderful issue to some people, for FX Sol it's a whole range of orders that can get executed.
And YES, less people end up using limits because of this. . .and while this does not seem like a good thing on the exterior, it is really a fantastic preventative measure to stop people from attempting to put limits that can get jumped if the price moves anyhow.
During news releases, particularly the ones that you're referring to (FOMC, CPI and NFP), slippage reigns supreme. . .it's likely to happen. . .period. This should be factored in completely when trading. . .no matter who you exchange.
Even ECNs will suffer from some slippage throughout NFP, so nobody is immune. . .everyone should only understand that the speculative market will simply take it is cash during that time...
during CPI, FOMC and NFP, 10 pips IS a fantastic slippage in my opinion. . .if you exchange 5 lots, sure. . .that's $500. . .but if you KNOW what you are trading, 10 pips should be such a little part of everything you'll produce that day. That type of movement Requires you 50-150 pips in a matter of moments (and that is AFTER slippage!) . . .at 5 lots, you are rollin...$500 is piss in the bucket.
Slippage is a fact of life during news, peeps...
FOREX.com, FX Sol, FXCM any broker. . .they will have different methods of handling the growth in volume.
I always wonder what people are thinking when news releases have posted. . .it just seems we get a lot of complaints about brokers around these times. . .perhaps most of us need to just re-evaluate what we're doing during these releases to assist us move into profit faster.
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