Ib Fx

[puretruth]

Quote from [Proximo]:

My complaint is bids/asks are being pulled as I hit the bid/ask. Happened 6 times today.

You cheating motherfuckers. When I hit the bid/ask it should fill.

I just read that Interactive Bulls... only offers 6 million liquidity on E/U , this is clearly NOT an ECN but IB taking the other side of your trades and that's why you see quotes being pulled

 

[blnbr]

Quote from [Proximo]:

My complaint is bids/asks are being pulled as I hit the bid/ask. Happened 6 times today.

You cheating motherfuckers. When I hit the bid/ask it should fill.

What Forex pair and what time of the day did you make those trades?

 

[DeeDeeTwo]

Quote from [Proximo]:

My complaint is bids/asks are being pulled as I hit the bid/ask. Happened 6 times today.

You cheating motherfuckers. When I hit the bid/ask it should fill.

Do you think anyone cares about your 25K Forex order...
That you try to manually hit a fast moving market with?

Use Limit Orders on IDEALPRO...
And when they execute you will get price improvement 30-40% of the time.

 

[def]

Quote from puretruth:

I just read that Interactive Bulls... only offers 6 million liquidity on E/U , this is clearly NOT an ECN but IB taking the other side of your trades and that's why you see quotes being pulled

If you are going to take a name such as puretruth, you shouldn't spit out pureBS.

Interactive Brokers FX markets and liquidity is provided by numerous major money center banks in addition to clients of IB who can post in between the spread.

 

[pescador]

I trade FX with Interactive Brokers every day.
The liquidity on EUR/USD is around 50 Million on each side practically all the time.

If you want to have instant fills at the best price available, you have to use limit orders,
and you will have to use BookTrader. FXTrader is not good enough.

In BookTrader in order to have guaranteed instant fills with limit orders, you have to click ANYWHERE ABOVE the ASK Price within the BID SIZE column for a long order. It will fill you at the best ASK price, instead of where you clicked.

Do the opposite for short orders.

The reason is, that in fast moving markets if you click exactly on the ASK/BID price, it can happen, that the price had already moved on. By definition, with limit orders you can only get the same or better price than what you clicked. So if the price has already moved on in the same direction, clicking on the ask you will end up having effectively clicked below it, and your order might not get filled.

This sounds complicated, but it is not in practice. Just try BookTrader.