Recent content by quatron

Nice, I love this kind of manipulation. 1. You included only one side of retail level comms which is 2.3 - 2.5 per side so cost of trade for CL is just under $15. 2. You picked one of the worst FX brokers in regards to execution. I guess you might as well find a broker charging $30 for your CL...

You're right, I should have said make more with market-maker until you are noticed and get switched to STP if successful. At least you get that holiday period ;) Most trades are not successful as we know so market-maker will be ok with them.

On your last question - the banks taking the trade is not the same situation. The advantage of this is that that generally there is no conflict of interest as banks are not seeing who is trading and how much equity a trader has. Some wholesale dealers require a broker to tag each trade so they...

The way brokers use the word interbank is misleading. Interbank is the platforms where banks and big institutions trade. Minimum trade size there is usually $1M. Retail brokers are not using those platforms as they need to trade small size to be able to STP customer trades. So they use banks...

The conflict of interest is a very good point. However, as I outlined above most brokers run a hybrid model. It works this way. A broker is a counterparty until they noticed that a client knows what they are doing. At this moment the client is switched from a "counterparty" pool to "STP" pool...

There are independents making a living trading with market making shops as well, not sure what was your point. By real market I mean something like futures or equities. Where you can see what's bid and offered and where other participants traded. Where you can see your own trade on the tape...

Guys, let's be honest. There's no real market in FX. There's only a counterparty or marketmaker. Be it your bucket-shop broker, a regulated broker like Oanda or their liquidity provider. There's someone that takes another side of your trade. And they are doing it for a reason - because they win...

How come futures currencies are more efficient? E.g. BP6 - a full pip spread + $5 comms per lot rt versus GBPUSD is from 0-0.2 pip spread + $7 comms. So that's $15 per lot vs $7-$9 per lot. Can you give an example of a comparable positions in FX and CL and show how CL is more effective? I doubt...

It may be even worse. In FX average transaction cost would be $30-50 per million (for major pairs). If you take CL your cost is more than $100 ($5 comms + $10 spread per lot * 8 lots per mil roundtrip).

There's a reason why they chose to report quarterly numbers. The percentage of profitable accounts falls exponentially with time. If you look daily that would be close to 50/50, quarterly 45/55 and yearly that would be 20/80.

What's so special about NY close in FX? The way I see it this is the time when liquidity dries up, banks disconnect and go offline for their EOD, currency futures are closed, the market is manipulated by dodgy players precisely because there's almost no liquidity.

Promotions. A broker offering a deposit bonus to everyone = scam

You don't need a dedicated server if you are going to trade with IB. Just rent any vps in NY. E.g. DigitalOcean for $10/month is good enough and pings IB trading and market data servers in 1ms.

I did not run those tests myself I just took the numbers from their site. I was looking for a ballpark number before doing my own testing. Looks like Redis stores data as strings so you will need to parse data anyway to get ints/doubles. How fast is your Redis? How do you store data? Do you use...

I believe OP does not use REST to fetch tick by tick but rather download a flat file for a day from the server that keeps those files in memory. This way it will certainly outperform Redis. And I guess he already made his decision.