Live Testing reports - Page 11

Wackena · 12-13-2006, 12:00 AM

Quote:

Originally Posted by daraknor

Based on research, there is a *huge* difference between brokers.
http://www.forex-tsd.com/66483-post666.html IBFX and related brokers (FXLQ, V4X, FXSOL) have a pretty strange erratic signal as well. NF and FXDD have a cleaner signal that is very similar between demo and real accounts.

Some reading material.

I posted these charts on IBFX forum and enquired if this is the expected normal spreads on IBFX accounts and here is Adam's (site administrator) multiple responses.

Wackena

Quote:

Wackena and Everyone ...

Please understand the enormous difference between IBFX and FXDD or others. FXDD has a dealing desk and therefore can offer fixed spreads.
There is nothing else to it ... Do you guys want us to have a dealing desk?

Maybe I should set a poll, maybe we will set ourselves up as a dealing desk because to be honest not having one is causing us more grief ...
_________________
Patrick
Visit my Forex trading blog! && Mistigri

Quote:

By the way with the FOCM announcement the spread widening is no surprise at all ...
_________________
Patrick
Visit my Forex trading blog! && Mistigri

Quote:

One more thing, yes we are working on getting better spreads. I guess it just takes time.
_________________
Patrick
Visit my Forex trading blog! && Mistigri

Quote:

Beating a dead horse...

Here are a couple of links to questions about spreads here on the forum:

http://www.patricknouvion.com/IBFX/viewtopic.php?t=1076

http://www.patricknouvion.com/IBFX/viewtopic.php?t=1037

http://www.patricknouvion.com/IBFX/viewtopic.php?t=1045

http://www.patricknouvion.com/IBFX/viewtopic.php?t=801
_________________
adAM

Shinigami · 12-13-2006, 12:48 AM

Quote:

Originally Posted by bertbin

P5608, Mode 3, Inside settings, FXDD, 4 majors

Only for to day 12 dec :
Closed : +139.96
On fire : +210.26
For an "unstable" version... not bad at all !

Its waiting for you to open a real account to get you a real margin call

bertbin · 12-13-2006, 01:10 AM

Quote:

Originally Posted by Shinigami

Its waiting for you to open a real account to get you a real margin call

Hi Shini
Why you wish me to get a MC ??????
That's my results of the day and nothing more...
If you have bad results it's not MY fault...
We try -both I hope- the best for us...
I wish you lots of pips....
Nothing more...

daraknor · 12-13-2006, 04:14 AM

Quote:

Originally Posted by Wackena

Some reading material.

I posted these charts on IBFX forum and enquired if this is the expected normal spreads on IBFX accounts and here is Adam's (site administrator) multiple responses.

Wackena

Here is a PM I received from a forum member. I don't know if they want to be identified or not so I will leave them anonymous:

Quote:

thanks for the info. very interesting that FXQL is the liquidity provider for those brokers. i interrogated IBFX on what happens to orders. and they said that they don't match any orders internally. so it seems as though FXLQ does all the order matching via their internal pool of liquidity and offsets the residual, then rebates IBFX accordingly. which means IBFX makes the misleading claim of "no dealing desk" on a technicality it's a funny game.

The way I look at it, IBFX has no dealing desk because they outsource it. They let someone else manipulate their prices, and perform marketing with the claim "no dealing desk" which *technically true* in a way - they don't operate one, but FXLQ does.

Of course, these sorts of claims are always better with proof.
http://www.nfa.futures.org/basicnet/...tityid=0196740

daraknor · 12-13-2006, 04:22 AM

I thought the comments about markets moving which require spread increases was funny. I watch the trades between banks, seeing 8000 minilots trade hands every 2-3 seconds is impressive. Seeing the spreads of 0.5-1 pip on every major is also impressive. I'm hoping to funnel the level 1 data into MT4 eventually and run experts on it. If I can't do that, I'll just rewrite the experts in C.

IBFX claiming the market had 10 pip spreads is just ridiculous. The OTC market had 0.5 pips, the broker island of FXLQ, IBFX, FXSOL, V4X (white label) had a 10 pip spread. Their little minimarket is toxic.

Wackena · 12-13-2006, 03:10 PM

1. Timeframe: 15M
2. Broker: FXDD
3. Settings file: Default
4. Account: Demo
5. Version: 5_6_07a
6. Mode: 3

Results from 2006.12.11 to 2006.12.13
Deposit-$3,000
Balance-$3,542
Equity-$3,873
10 wins - 0 loses
8 open trades - Float ($+331)
ROI - 29.1%

Started test midday EST 2006.12.11.

Wackena

CashTiger · 12-13-2006, 05:14 PM

1. Timeframe: 15M
2. Broker: IBFX
3. Settings file: Default
4. Account: LIVE
5. Version: 5_6_07a
6. Mode: 3

EUR/JPY

The second and thirth trade was closed on Entry after the wrong stoploss modify.
See the logfile below.

CashTiger · 12-13-2006, 07:14 PM

Timeframe 15min
v5_6_07a
IBFX Live
Mode 3 default
last 3 days

loss in comparision with wackena´s win on FXDD Demo

see detailed statement below

xrjuviabe · 12-13-2006, 11:32 PM

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Wackena · 12-14-2006, 04:52 PM

1. Timeframe: 15M
2. Broker: FXDD
3. Settings file: Default
4. Account: Demo
5. Version: 5_6_07a
6. Mode: 3

Results from 2006.12.11 to 2006.12.14
Deposit-$3,000
Balance-$3,867
Equity-$3,883
16 wins - 0 loses
5 open trades - Float ($+15)
ROI - 29.4%

Started test midday EST 2006.12.11.

Wackena

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