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kricka
18 Jun 2016, 00:16
The difference between slippage and latency
To narrow it down a little bit more and explaining the difference between slippage and latency.
Latency is the time the signal has to travel to the brokerage server, it is measured in ms ( milliseconds ). When trading from a local computer it can vary from 50-200ms depending on how fast the local internet connection is. The exact latency can be found in the lower right hand corner of cAlgo and cTrader, Server latency. When trading on a VPS server it can go down as low as 1ms depending on how close to the brokerage server the VPS is located.
Slippage on the other hand is the difference of the requested price when the order is reached to the brokerage server and thereafter the price that is actually being filled.
Another important question when it comes to time, is the execution time from the broker when the order arrives to the server. Count on it being around 200-250ms.
So the more ms saved the better for the trader. This includes the hardware used in trading, gaming mouse and keyboard with the fastest response time and a fast CPU, SSD and enough ram memory will certainly help to bring down the overall trading time cycle of an order.
@kricka
kricka
17 Jun 2016, 21:40
Slippage and latency
What you have to do is look at the stop loss and target you have in place on a position and when they are hit, how much they differs from the pips closed on the Bought and Sold cBot. Let's say you have a stop loss on 15 pips on your position and you get stopped out. The pips in loss should be 15 pips on the Bought and Sold cbot, if not the slippage is in your favor or against you.
It all depends on where your algorithm is running. If you run it on your local computer the slippage will be more, if it is run on a VPS it will be more close to the the exact stop loss or target.
Also if you place a market order on you local computer the slippage will be more because of the latency to the brokerage server.
@kricka
kricka
17 Jun 2016, 13:19
Go for a VPS server
one.void,
you should definitely consider a VPS server handling cTrader and all your orders. Everything will run so much smoother than trading from your local computer.
The latency from the VPS server should be around 1-2ms to your brokerage account. I would say a live account with more than $400 funded then a VPS server will practically be free with all the savings in slippage, faster execution and the security of a 100% uptime.
Information link: VPS Server
@kricka
kricka
17 Jun 2016, 11:46
Slippage
I agree that would be very helpful to get that kind of information in the History. To know if there is any slippage you can have a look the Bought and Sold cBot. Very easy to see if the latest closed position has any positive or negative slippage.
Download and information link: Bought and Sold cBot
@kricka
kricka
16 Jun 2016, 15:50
( Updated at: 21 Dec 2023, 09:20 )
The beauty of History
The beauty of retrieving it from the History is that you can know beforehand without making an order. Market Order 3.0 illustrate this. If the parameter setting is in an inactive state, with other words no order will be placed but one get the total risk at hand including the commission, spread, swap and so on, without placing the order.
@kricka
kricka
15 Jun 2016, 19:56
Trailing active
bussyonline4u,
have a look at the Market Order 3.0
When the trailing is active you can see it by the information on the cBot screen itself.
@kricka
kricka
10 Jun 2016, 15:19
Break-even and trailing stop
The Market Order 3.0 cBot has a trailing stop and also move to break-even with additional pips that can be added on to place the stop loss strategically right.
It's free to download and use on both live and demo accounts.
Information and download link: Market Order 3.0
@kricka
kricka
08 Jun 2016, 22:02
Latest filled and closed position
Do not worry about misspelling or writing the wrong words. An edit function though would be most welcome and also spam removal by the moderator to make the forum more readable.
When it comes to listing, the latest filled and closed position may be of interest for you to check into.
Information and download link: Bought and Sold cBot
@kricka
kricka
06 Jun 2016, 13:31
Try using PID
Maybe you could use the PID instead of the label in your case. Retrieve the PID and save it in a variable. That will distinguish it if you have a lot of positions with the same label name.
The Market Order 3.0 uses the label name in search for the position and history information, but if you have several positions with the same label name it will treat all those positions the same. That is why you can't place an order with a label that is already in an open position.
@kricka
kricka
05 Jun 2016, 01:07
Swap information
That is a very interesting question you put forward to the Spotware team to answer to.
To my knowledge it can only be retrieved when the swap is an actuality in a position and is debited on the position. The rate question beforehand would be a big help but I don't think that it's a possibility in the current API.
Market Order 3.0 uses the swap information to give the right correct risk at hand though, but to know the swap beforehand, I would like that too.
@kricka
kricka
03 Jun 2016, 23:49
For free!
Well, my point on this subject is that a lot of excellent programmers comes from India, and Russia. To get their font in the door so to speak they might in the early state give their coding for free. They might be 100% legitimate and just want to do a good job. We should not judge before knowing the facts. Even our site is giving cBots for free and it is for the purpose of knowing we believe in our work and that it will benefit the trader. Feel free to have a look at all our free cBots for download.
@kricka
kricka
02 Jun 2016, 00:10
Trailing stop
I agree with you Zjhehe, trailing stop should be independent of the original stop loss. Market Order 3.0 might be of interest to you to look into.
It is based on a trailing trigger with a distance specified clearly. Also in the cBot there is a breakeven trigger with an addon of additional pips to insure that the stop loss is placed correctly to one's need.
Download and information link: Market Order 3.0
@kricka
kricka
28 May 2016, 23:31
Iaccount information
The information ¨lucian¨ gave is correct. Have a look at Broker 1.0 where this information is used in a cBot.
Download and information link: Broker 1.0
@kricka
kricka
27 May 2016, 23:57
( Updated at: 21 Dec 2023, 09:20 )
Market Order 3.0
Market Order 3.0
Market Order 3.0 cBot is free to download! It can be run on both live and demo accounts without restrictions.
Advanced features are added since version 2.0. Move stop loss to breakeven when in profit, add to breakeven extra pips to ensure the stop loss is positioned strategical right.
Trailing of the position with a predefined distance. Improved position information when the order is filled, are just a few of the enhancement implanted in this new version.
Information and download link: Market Order 3.0
@kricka
kricka
15 Apr 2016, 18:55
( Updated at: 21 Dec 2023, 09:20 )
Market Order 2.0
The Market Order 2.0 cBot will open a market order when stopped.
Market Order cBot is free to download! It can be run on both live and demo accounts without restrictions.
Two new parameters are added since version 1.0. Profit target and stop loss can now be set individually of each other with a choice of pips, percentage or amount of the account balance. Stop loss and target can be set to zero, but then a warning is displayed on the screen. If the stop loss is set to zero, the Risk will display commission plus spread.
Direct download and information link: Market Order 2.0
@kricka
kricka
14 Apr 2016, 18:28
Close Positions cBot
zooz10,
Have a look at the Close Positions 1.0 cBot. It will give control and information before closing positions. Total pips in profit or loss and account P&L are clearly visible before making the a decision to close all positions. It's free to download and use.
Download and information link: Close Positions 1.0
@kricka
kricka
22 Jun 2016, 17:16
Position without a stop loss
Market Order 3.0 do have move to breakeven and add additional pips ( optional ) if you have a desire to do that, so the stop loss can be positioned exactly right.
If your purpose is to not to show the stop loss to the liquid providers you can set it very high like 100-500 pips. A position without a hard stop loss is very risky though because it will practically mean you are risking 100% of your trading account on one trade, unless you hedge the position immediately.
Information link: Market Order 3.0
@kricka