Can we trust market makers (DD)?

[Alifx]

Can we trust a market maker broker, is there such thing as a good dealing desk?

Or can traders only trust STP brokers?

What are the best STP brokers for HFT trading, low costs and fair trading rules/conditions??

 

[Forextraderr]

There are some traders comfortable with how the market makers work. Maybe they are after the bonuses, or maybe not. But market makers are notorious for manipulating orders and I don't want to experience that.

 

[wisefoolx]

An oxymoron surely ? LOL

 

[Forextraderr]

Hahaha right.

 

[Winherd]

Many companies have mixed business models
They act as ECN for ECN clients
And as MM for those who trade on cent, standard etc accs

 

[wisefoolx]

Isn't an ECN an MM system in disguise ?

 

[gerryg]

Can we trust a market maker broker, is there such thing as a good dealing desk?

Or can traders only trust STP brokers?

What are the best STP brokers for HFT trading, low costs and fair trading rules/conditions??

Why not? They are same LPs but small. Considering they have many losing traders they can accept winning as well, just make sure your strategy doesn't violate their rules.

 

[wisefoolx]

Lol

Why not? They are same LPs but small. Considering they have many losing traders they can accept winning as well, just make sure your strategy doesn't violate their rules.

Sure they can accept winning trades as well, as long as they are their own.

 

[darktone]

Open both a futures and otc acc, trade them with exclusively with limit orders side by side, then you can make your mind up based on your actual experience rather than on someone elses view.

 

[gerryg]

Open both a futures and otc acc, trade them with exclusively with limit orders side by side, then you can make your mind up based on your actual experience rather than on someone elses view.

Yeah sure, better to keep mouth close and spend money for tests and understanding nothing at the end.

It takes years to understand pros and cons both. Futures are much complicated, i.e. more data to to analyze, different costs, liquidity.

 

[darktone]

Yeah sure, better to keep mouth close and spend money for tests and understanding nothing at the end.

It takes years to understand pros and cons both. Futures are much complicated, i.e. more data to to analyze, different costs, liquidity.

I dunno about years, but it does take an open mind. When alls said and done, in fast / gaping market, where would you want your limit filled? Dead nuts or + something in your favour? Its not rocket science

 

[gerryg]

I dunno about years, but it does take an open mind. When alls said and done, in fast / gaping market, where would you want your limit filled? Dead nuts or + something in your favour? Its not rocket science

Ok looks good lets see how's progressed with your tip

 

[darktone]

Ok looks good lets see how's progressed with your tip

Well its not a tip as so much as a fact of life. If you compare the tp orders (green column) with the tp fills (red box) youll find many price improvements. Look at the comments section on the right youll find (started/gap) comments also, although the MT4 blotters dont record the numbers for the entries, not that im aware of anyways. All orders are limit orders, going in and coming out.

 

[gerryg]

Well its not a tip as so much as a fact of life. If you compare the tp orders (green column) with the tp fills (red box) youll find many price improvements. Look at the comments section on the right youll find (started/gap) comments also, although the MT4 blotters dont record the numbers for the entries, not that im aware of anyways. All orders are limit orders, going in and coming out.

Oh this right column looks really good for analysis of platform performance. How can I add this in journal?

 

[darktone]

Oh this right column looks really good for analysis of platform performance. How can I add this in journal?

open terminal / account history / right click and tick comments.
enjoy
EDIT:- if you drag the closed trades onto the chart itll show the entry and exit, can be useful too.

 

[parthaab]

Can we trust a market maker broker, is there such thing as a good dealing desk?

You can trust them if you are one of the 90% that loses money trading.

If you are a winner, google for 'non dealing desk'.

Btw, this is such an important topic, that the mods should consider making it 'stick'.
The Conflict of Interest is so glaring.

 

[wisefoolx]

You can trust them if you are one of the 90% that loses money trading.

If you are a winner, google for 'non dealing desk'.

Btw, this is such an important topic, that the mods should consider making it 'stick'.
The Conflict of Interest is so glaring.

 

[gerryg]

Every time this topic is discussed the conclusion is that low-capitalized traders won't ever get access to interbank market due to low commissions generated for a broker. Still there are these useless talks.
You can be consistently profitable with market maker, till your profits don't hit their pocket. If you make 10K monthly you are certainly not a friend to this broker as they pay this from others' losses.

 

[parthaab]

Every time this topic is discussed the conclusion is that low-capitalized traders won't ever get access to interbank market due to low commissions generated for a broker. Still there are these useless talks.
You can be consistently profitable with market maker, till your profits don't hit their pocket. If you make 10K monthly you are certainly not a friend to this broker as they pay this from others' losses.

True.

It is such an important issue, and yet it takes such a long time for a newbie to the forum to understand how the brokers work!

Wish the mods make a sticky for this issue, which affects short term traders ( which is almost all of us on trade2win )

 

[EnlightenedJoe]

True.

It is such an important issue, and yet it takes such a long time for a newbie to the forum to understand how the brokers work!

Wish the mods make a sticky for this issue, which affects short term traders ( which is almost all of us on trade2win )

Nonsense.