Recent content by max_w

@Ghost_of_Blotto, I'm sending an order to a specific LP. I see an ask price from citi, I send a limit buy at that price and they sit on it. I reduced the time to execute the order to 15 ms and they just got rejected most of the time unless the market moved against me.

@ExperiencedJoe, I'm not looking for the algorithm that will make me a millionaire in a day. I'm in it for the long haul. I basically tried what I could find online as I didn't have an industry guy telling me what to do. So thus far my experience has been by trial and error. You take it for...

I'm leaving the below message for anyone who wants to get into forex high frequency trading. Most liquidity providers have last look provisions. So you ping times don't really make that much of a difference. There are exceptions, but you have to ask. Lps are in business to make money, so they...

The opportunities do exist, but the infrastructure to take advantage of them is prohibitively expensive. Believe it or not there have been some trades that worked, maybe they weren't paying attention or something went wrong on their end. I did buy from one and sell to another. But more often...

I'm not built for manual pattern trading because of the psychological aspect. I tried it and lost a bunch of money. I figured since I'm a programmer and another programmer made it doing this, why not. He had a mentor (big difference). So where do I go from now? I'm looking for a direction that...

Wow you guys are brutal. It is tough hearing how stupid I must have been to think this would work. But it is definitely what I need. The 8 microseconds is really just detecting the opportunity, not to send the order. I did say my ping times are 1 ms. So if you really add it all up, it takes .5...

Hello guys, I've been dabbling in forex trading for about two years now. At this point it isn't a source of income, but I'd like it to be. My current setup is as follows: - Collocated in NY - Connected through primexm to a few banks, currenex and hotspot. - Pursued arbitrage and inverted...

How much is acceptable arbitrage and how would you structure it? Sent you a PM if you prefer to answer that way.

I know this thread is dead. Just wanted to let people know that forex arbitrage is heavily frowned upon. If your broker allows it chances are you are not going to make money doing it because of spreads and trading costs. If you somehow get over that issue and start making money, they will shut...

You are right. That would be the second step after getting the algorithm right.

Thanks m22au. Actually you can buy at 1.06135 (I did it), but the problem is that I was multiplying instead of dividing. I get the loss now.

Say we have these bid/ask rates usd.cad 1.0613 1.06135 eur.cad 1.4418 1.442 eur.usd 1.3586 1.35865 For fast execution you would buy at the ask and sell at the bid. You start with 100K Buy CAD and end up with 106135 Sell CAD for EUR and end up with 73612.8450547926 Buy USD with the...

I looked at Reuters and EBS. Reuters has some requirements that aren't too good for HFT folks. EBS I'm told got rid of 1/10 of a pip pricing. Reuters spreads aren't thin enough for me also. My goal is to go for volume. The whole system is automated and there is no interaction from my end. So...