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Author Topic: FXPig  (Read 166052 times)

Offline Kevin @ FXPIG

  • Kevin Murcko
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Re: FXPig
« Reply #45 on: May 18, 2012, 11:50:24 AM »
I should have some more information here shortly.

Coincidentally our DOOR System traded the same spike and we were filled on 35lots on one single fill. Now being a limit order there was no slippage, but seeing as there also was no partial fill shows me there was some liquidity there, not to mention as well that any and all 'MDP' like systems would have been trying to get filled on that candle....this tells me that liquidity may have been thin, especially at the bottom of the spike.

As I mentioned before worldwide FX liquidity is down MoM, QoQ, and YoY....and this also plays a big role.

Seeing no slippage on a spike like the one shown in your screen shot leads me to believe that the broker may be sending trades through as instant execution in the first few minutes of the Asian Session due to their LPs being offline for roll-over.

Cheers,
« Last Edit: May 18, 2012, 11:52:35 AM by Kevin @ FXPIG »
skype. fxpig.kevin

Offline Far East Man

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Re: FXPig
« Reply #46 on: May 18, 2012, 01:07:44 PM »
I know nothing about DOOR, but according to your comments, all the MDP-like systems are competing for getting fills even during FOMC moments which makes harder for one of FXPIG traders to get filled, while it's much easier for other shallower LPs to provide better fills?

I can understand your assumption about the spike shown in my pic, but the same reasoning applies to the slippages happened during FOMC?

Offline Kevin @ FXPIG

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Re: FXPig
« Reply #47 on: May 18, 2012, 06:18:51 PM »
Not exactly...

Let's say broker A is connected to a very large ECN and broker B is connected to a smaller aggregation of Liquidity Providers.

Broker A has 100 million in top of book liquidity on the EU, BUT they have 10,000 active traders in their ECN.

Broker B has 20 million in top of book liquidity on the EU, BUT they only have 1,000 active traders using their aggregated liquidity stream.

In this scenario a client trading using a system that tried to execute on price spikes (a very common type of EA used by 1,000's of traders) may get filled at a better rate on Broker B as the competition to be filled is 10x less.

This is just one possible scenario, and it may not be the case here.

As I said before, no slippage on an Asian price spike of 30+ pips on a market order means instant execution is ON, and the broker is placing you on a b-book, either internally or externally as their LPs are not yet pricing due to roll-over. This is quite common as most LPs do not price for the first 2 to 15 minutes of the daily trading window which starts at 10PM GMT or 5PM EST.

Cheers,
skype. fxpig.kevin

Offline Far East Man

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Re: FXPig
« Reply #48 on: May 18, 2012, 09:07:30 PM »
Thank you for your explanation, Kevin.

I got some other trades about an hour ago and this time slippages occurred on other brokers, too. Both slippages were positive to me.

I think it's quite hard to tell what's going on each broker. I can at least see that you are not doing any manipulation and your open attitude is helpful to me. Those slippages probably are natural incidents. I learned a thing. ECN with deeper liquidity is not always suitable for an extreme scalper, but I can also say it's not always bad as slippages can occur on each side.
« Last Edit: May 18, 2012, 09:18:17 PM by Far East Man »

Offline Kevin @ FXPIG

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Re: FXPig
« Reply #49 on: May 18, 2012, 09:37:53 PM »

Overtime I think you would see an overall positive effect slippage wise, though on occasion you may see negative slippage. Using limit orders instead of market orders with your EA would guarantee no negative slippage at all.

More liquidity, more tiers, are both pros when it comes to a large ECN and the heavier competition is a con, however seeing as you are getting 100% real STP executions the slippage effect should be at the very least nullified over time.

I am still waiting for the results of our detailed investigation into your original 2 tickets, but as soon as I have the information I will post it here.

Cheers,
skype. fxpig.kevin

Offline Far East Man

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Re: FXPig
« Reply #50 on: May 19, 2012, 11:25:20 AM »

Overtime I think you would see an overall positive effect slippage wise, though on occasion you may see negative slippage. Using limit orders instead of market orders with your EA would guarantee no negative slippage at all.

More liquidity, more tiers, are both pros when it comes to a large ECN and the heavier competition is a con, however seeing as you are getting 100% real STP executions the slippage effect should be at the very least nullified over time.

I think you are right, Kevin. I believe those slippages will be nullified or could work in a positive manner as I see I'm rather getting positive slippages than negative ones so far. So I'll stop paying too much attention to it. The important thing for me is overall profitability, not one or two trades. Slippage is one of factors. As long as a broker is a fair player I have nothing to complain.
« Last Edit: May 19, 2012, 11:28:40 AM by Far East Man »

Offline Millennium

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Re: FXPig
« Reply #51 on: May 25, 2012, 03:29:02 AM »
Howdy,

Well for those of you reading this thread....I'd have this much to say about FXPIG.

They are the best broker I've ever had the privilege to work with, and I believe the fact that you DO see positive slippages is reflective of them being an "honest" broker versus the majority that will take the positive for themselves while letting you cop every pip of negative slip.

I know I copped a heap of slippage lately........positive slippage !!! 3 pips in some cases and even on small lot sizes  :-*

This could be the real and simple measure of just how honest a broker you are dealing with - do you get positive slippage on your broker or not ? You can work out the rest for yourself.

Cheers, Adam :)

Offline JonnoB

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Re: FXPig
« Reply #52 on: May 25, 2012, 03:44:31 AM »
I must say that I now have a lot more respect for Kevin and FxPig. I used to have an account there, but when I found out about FxHOY I ran for the hills. To Kevin's credit he hasn't hidden from it, but addressed it honestly. I have also found a number of his posts very helpful.

I have had my best MDP executions times at FxPIG. 13% in 2 week.

Offline Kevin @ FXPIG

  • Kevin Murcko
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Re: FXPig
« Reply #53 on: May 25, 2012, 04:01:50 AM »

Much appreciated guys...

Cheers,
skype. fxpig.kevin

Offline crashev

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Re: FXPig
« Reply #54 on: May 25, 2012, 10:41:03 AM »
I must say that I now have a lot more respect for Kevin and FxPig. I used to have an account there, but when I found out about FxHOY I ran for the hills. To Kevin's credit he hasn't hidden from it, but addressed it honestly. I have also found a number of his posts very helpful.

I have had my best MDP executions times at FxPIG. 13% in 2 week.

What is FxHOY ?

Offline JonnoB

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Re: FXPig
« Reply #55 on: May 25, 2012, 11:10:10 AM »
I must say that I now have a lot more respect for Kevin and FxPig. I used to have an account there, but when I found out about FxHOY I ran for the hills. To Kevin's credit he hasn't hidden from it, but addressed it honestly. I have also found a number of his posts very helpful.

I have had my best MDP executions times at FxPIG. 13% in 2 week.

What is FxHOY ?

A high risk managed account.
http://blog.fxpig.com/?p=151

Offline Kevin @ FXPIG

  • Kevin Murcko
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Re: FXPig
« Reply #56 on: May 25, 2012, 07:48:58 PM »

Quote
What is FxHOY ?

The correct question is what 'was' FXHOY.

As stated above it was a high risk manually traded managed account I ran in 2009. The link above explains it in much more detail.

Cheers,
skype. fxpig.kevin

Offline sponn

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Re: FXPig
« Reply #57 on: May 26, 2012, 08:35:43 PM »
Just want to say that FxPig is really top service. Very good spreads, small commision, great liquidity, really awesome support (Sylvain and Kevin probalby works 25h/day).


The only one problem is the smallest lot size for ecn account (0.1 - I know that every ecn has got it) and to small laverage for DMA accounts (here it is 0.01 lot size but only 1:200 laverage). But it's only from Forex Envy point of view ;) ;) ;)


Offline Zuttasoxx

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Re: FXPig
« Reply #58 on: May 27, 2012, 09:21:30 AM »
Just want to say that FxPig is really top service. Very good spreads, small commision, great liquidity, really awesome support (Sylvain and Kevin probalby works 25h/day).


The only one problem is the smallest lot size for ecn account (0.1 - I know that every ecn has got it) and to small laverage for DMA accounts (here it is 0.01 lot size but only 1:200 laverage). But it's only from Forex Envy point of view ;) ;) ;)

Unless you have 30k, it's not advisable to trade envy in these accounts probably.. FxPig is top notch that is true.

Word is out that they are getting a MT server @ equinix NY for the ecn accounts. Close to most of the LP and if you have beeks of CNS vps you will be on net with them.
Furthermore EUR and other currencies is in their business plan. It is said to be around beginning of 2013. They are always trying to improve themselfs.

Offline kaltrax

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Re: FXPig
« Reply #59 on: May 27, 2012, 09:34:31 AM »
Really FXPig will make a big jump ahead when connect ONNET until now his Dallas datacenter  only make it possible a low latency whith his cloud solution a bit expensive.

But now his good results are because they are not flooded whith a MT4 retails traders behind maybe his future NY connection they downgrade his quality.. IMO
"Let us strive to be more parents of our destiny than children of our past". Miguel de Unamuno.

"Size matters...."

 

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