Ceasar2 signal

[WillT]

Hi guys, we've been in contact with Tomas and we've suggested that we setup our own live account and run cTrader to see if this alleviates any problems.

From what I can see the issue lies here:

The signal has a good amount of followers, with a basket of 10+ trades all closing at the same time. So you have X Followers * 10+ trades all trying to close at the same time. In simple terms, the handful of brokers get flooded with requests to close thousands of trades in a single second

Whats the plan?
- We will initially setup a live account using cTrader and upon next basket close we can compare to see if there are any benefits. cTrader does still use the same liqudity providers, however each broker is running a seperate server to run cTrader software so it is possible this is more to do with slow response from the brokers server and not liqudity (I am more inclined to say liquidity as we have seen this before when FX Amp had large number of subscribers)
- We are also going to run some tests on MT4 in the background trying to simulate the signal. This is a lot harder than it soundsd and we might not be able too - as effectively we need a lot of seperate account setup all running the same test signal.
- We will be in contact with IC Markets to see if they can see any delays on their server end at the time of this closure yesterday

Please be aware that we want this to work for both Tomas and his clients - so this is of utmost importance to us. That being said, we must approach this with an open mind. The forex markets are complex, and it is possible that the shear nature of the markets is causing slippage to occur.

I'll keep you all posted.

[WillT]

cTrader CAN multi task so we will be developing the bot to multi task where it can.

The beta version was a copy of the MT4 EA for sanity reasons because we utilise our same infrastructure. However as we progress through builds we are starting to utilise the power of what cTrader is capable of.

[pearcey2]

Hi guys I've had a few people email support regarding this - and at this stage we do believe the market conditions forced bad closures on the trades. I've created a simulation and explained a little about how the copier works - hopefully you find this helpful. I'm frustrated you had poor execution but it looks to be very related to the market

http://www.youtube.com/embed/pFxWtASDODk

Great overview Will.
Does ctrader overcome these issues? I'm guessing if the market takes time to execute the orders it doesn't matter whether it comes from ctrader or mt4?

[Nick]

Thanks Will. It looks like the problem resides with poor MT4 functionality. You'd think it would be easy enough for them to upgrade it to allow simultaneous closing of a basket rather than 'one by one'?

Yes, I agree that it appears to be a result of a number of factors, one being poor MT4 functionality.

We're very close to releasing cTrader as an option for you guys. The live tests we've been running on FX Viper are very promising, so this may help alleviate it in the future.

[WhiteApe]

Thanks Will. It looks like the problem resides with poor MT4 functionality. You'd think it would be easy enough for them to upgrade it to allow simultaneous closing of a basket rather than 'one by one'?

[WillT]

Hi guys I've had a few people email support regarding this - and at this stage we do believe the market conditions forced bad closures on the trades. I've created a simulation and explained a little about how the copier works - hopefully you find this helpful. I'm frustrated you had poor execution but it looks to be very related to the market

http://www.youtube.com/embed/pFxWtASDODk

[Player1]

I hope they are looking at a way to sort out the slippage from the copier.

[WhiteApe]

This signal seems to suffer from very severe slippage at times. There is a theory that the ST copier is partly responsible. Could this be true or is it all down to brokers? Its not just ICM by the looks of it.

[williale2]

yes i did but already answered the question by popping in to the vip club area thanks anyway Okda

[Okda]

you mean the VIP club ?

[williale2]

Would anyone know if this would be one of the free signals you can have with the 10k + account with Axitrader ?

[Okda]

It is indeed
An ea that uses fixed lots, but what is different is that it sometimes enter at the same price or near it more than once

[bismillahwd]

As i know this is a grid.
Pure grid trading


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[WhiteApe]

Yeah I think it's a great signal but even the programmer says to expect a drawdown every 12 months. I plan to make my money and run, depending on market conditions. If there is a drawdown I will jump straight back in. I run at 0.5 risk for now. 2.1. 2 looks great but I prefer to sleep at night.

Sent from Uranus

Its an interesting signal and I am subscribed too. Whether to jump straight back in after the first DD hit is the big question isn't it. If we had more history we could take that into account, but EAs with great long term backtests have been shown to be useless in some cases, so history is of limited value - its like driving your car looking in the rear view mirror. I also remember sPhantom, (which I didn't use myself), which had a great equity curve for nearly a year as I remember and then it blew up two or three times in fairly quick succession.

[Okda]

i have just added this signal to a new account at risk 0.5

Good luck to all of us