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Thanks. I currently test Alpari's ECN but consider a few other ECN brokers to compare. IB is good indeed, used it, but doesn't suit my current needs. Checked MB platform today, can't say I was impressed, rather a nightmare to trade, short-term at least. :( Checking out Dukascopy platform...

Hello, I am in the search for FX brokers who provide access based on ECN model. I know MB Trading provides trading access to their EXN which is pretty similar. Does anybody has experience trading decent size (1mio+ notional per order) with this company? How good is it's reputation etc. ...

I'm testing Alpari UK ECN for the last week or so. Their DOM constantly shows like 20MM+ depth 6 levels each way (levels are in decimals so it's 0.6 pips distance from the best price)... Not sure how "real" that liquidity is, but certainly looks good.

Yep and same worked even before 2008. :)

I concur. Same patterns show up over and over again, some of them being extremely high probability trades.

Probably, I am not specialist in bots. But market behavior doesn't really change that fast. It certainly changed since 4-5 years ago, but slow enough for us humans to adapt. :)

Well, bots change of course, but certainly not every day. They only change as often as coders change them, right? :p

Sorry that's my poor English grammar. I mean the liquidity which is added by the algos lately is quite cool. :)

It depends on what we call scalping of course. What NoD does I believe has edge, but certainly is not scalable to millions. Agree with you on HFT, pretty stupid to compete with it, but I like the liquidity bots provide in FX last years. :)

Agree, huge money is in the long-term macro trading, not scalping.

Well, tight stops are not the feature of just retail traders, professional scalpers for example also cut losses pretty short. :)

Not bad at all... If you make money you get $2M + profit share. If you lose you still get $2M. I like the deal. :D

Right they may lose opportunity, but basically don't risk anything else. Which looks like a good "free call option" as one person named it in the other thread.

95% failure rate is not bad, it's great! Cause if this business was easy there would be no money to make.

I think retail traders blow up because of taking too much risk pretty often too. Those who use tight stops probably have even smaller chance of blowing up. Maybe fund managers are different that they risk OPM mostly and are willing to risk more for that reason?

I think performance benchmark is quite subjective and depends on your expectations from trading. For me "success" is having a profitable month.

Yea, apparently fund manager mentality is often different from the mentality of a trader trading for him/herself.

Yes I understand. Meant more letting the fund fade by like 50% though. That's quite a hit.

Those funds' drawdowns sound pretty scary. :)

Same in trading. But just like sport coaches, they only pay real attention to those they believe are likely to become stars.