v8power wrote:aliassmith wrote:dchappy wrote:Hi Alias , a couple questions ,if you don't mind ....you have the atr on your charts, how important do you consider it for your entries & exits ?. Also , have you had any difficulty exiting large positions (20 + ) lots with 1 order . For me ,orders that large seem to cover in pieces ,(5 or less ) at a time .(Maybe it's my broker , or that I'm using market orders ? ) Thx
The atr isn't a big deal. Quick glance to make sure price has been moving enough.
All i can say is big orders take more slippage in relationship to market speed and volume. I've had big orders go all at once and others slip a bunch.
This is one of the reasons for the change in my trading and now entering off of multiple trade entries. It allows me to better control my exits by being able to take profits off when I want/need to or at optimal times. Things like what pair, time of day, actual day and other factors can effect it.
I would love to discuss this topic and more with regarding to size. I have to admit for all the talk about the size of the forex market (trillions) the fact that such small order sizes can slip so much amazes me. I would have thought trading 1,0000 lots at a time would be no problem (its only 10,000 a pip which is nothing compared to trillions). Yes I know it does have a lot to do with brokers and all US brokers suck.
Question Aliass. Have you noticed a decline in overall trade execution from when you were big pippin on MBT to now. I would love to be able to scalp with 50 lot sizes, but the potential slippages puts me off. Also who is your current large account with?
I was thinking about opening a very large account with a US broker and see how I get treated. Does it make a difference when your account is lets say 10 million compared to 1 million? I really want to push the size up this year and take it to the next level.
Not 100% sure about this but ICT says its only 1mil, some brokers now require up to 5 mil to trade direct.
There is no margin given but he said he has up to 5 min to tell them if he accepts their fill price or not.
Try that with fxcm. lol