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"Poll" regarding used broker for audnzd setfile
#1
Hi All!
I am about to create an update of my popular audnzd setfile(s).
I have two questions to you:
1. What broker do you use for audnzd trading?
2. What spread do you expect that your broker provide typically?

Based on your answers I may create a new setfile for sale here in the shop.
The settings will be based on one real broker setting as a base, but of course normally reproducable on many other brokers if the settings are in pair.

For myself I nowadays only work with spread 1.5 as that is what my brokers have as average (max) spread during trading hours.
I would be happy to create setfiles based on just spread 1.5, but I imagine that you may have another situation.
My last setfiles for sale was on spread 3.5 and I am thinking of something in between 1.5 and 3.5.
This actually goes both for Blessing and Evolution setfiles.
I will try to make one working on as wide range spread as possible, but it is not that easy Wink

So please respond here in this thread so that we can see the spectra of broker and spread usage.
After I have got a big list of brokers here I may have a real poll where you can vote on what broker you prefer on a list of max 25, but that is next step after your first answers.
BR
Mathias
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#2
(05-05-2014, 06:37 PM)Mathias Wrote: You are not allowed to view links. Register or Login to view.Hi All!
I am about to create an update of my popular audnzd setfile(s).
My question to you is what spread you wish it should be based on?
For myself I nowadays only work with spread 1.5 as that is what my brokers have as average (max) spread during trading hours.
I would be happy to create setfiles based on just spread 1.5, but I imagine that you may have another situation.
My last setfiles for sale was on spread 3.5 and I am thinking of something in between 1.5 and 3.5.
So please state if you want it based on 1.5, 2.0, 2.5, 3.0, 3.5.
This actually goes both for Blessing and Evolution setfiles.
I will try to make one working on as wide range spread as possible, but it is not that easy Wink
BR
Mathias

An average pip spread of 3.0 would be good in my opinion. Although why not take a poll of broker popularity and base it off what most people who have purchased your setfile are based on?
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#3
(05-05-2014, 07:12 PM)daCoops Wrote: You are not allowed to view links. Register or Login to view.An average pip spread of 3.0 would be good in my opinion. Although why not take a poll of broker popularity and base it off what most people who have purchased your setfile are based on?

Very good point!
I actually tied to make this a poll, but it didn't work...
But now the origin of this thread is updated with more precise questions as a first step.
BR
Mathias

(05-05-2014, 06:37 PM)Mathias Wrote: You are not allowed to view links. Register or Login to view.Hi All!
I am about to create an update of my popular audnzd setfile(s).
I have two questions to you:
1. What broker do you use for audnzd trading?
2. What spread do you expect that your broker provide typically?

Based on your answers I may create a new setfile for sale here in the shop.
The settings will be based on one real broker setting as a base, but of course normally reproducable on many other brokers if the settings are in pair.

For myself I nowadays only work with spread 1.5 as that is what my brokers have as average (max) spread during trading hours.
I would be happy to create setfiles based on just spread 1.5, but I imagine that you may have another situation.
My last setfiles for sale was on spread 3.5 and I am thinking of something in between 1.5 and 3.5.
This actually goes both for Blessing and Evolution setfiles.
I will try to make one working on as wide range spread as possible, but it is not that easy Wink

So please respond here in this thread so that we can see the spectra of broker and spread usage.
After I have got a big list of brokers here I may have a real poll where you can vote on what broker you prefer on a list of max 25, but that is next step after your first answers.
BR
Mathias

1. I use GlobalPrime and ICMarkets
2. Typical spread 1.5 on both brokers
BR
Mathias
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#4
I've purchased your AUDNZD 29 Pip setfile and going good.

1. Pepperstone Razer
2. Avg Spread ~1.8 without commission, ~2.5 - 3pips with comm.
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#5
Hi Mathias

I have the 29pip setfile as well and have accounts with IC Markets and Axitrader. As you say typical spread is around 1.5.

Ian
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#6
1) FXCM Active Trader 2.7 pips no commission --- The best I have seen so far

2) FXCM Standard 3.5 pips no commission

3) IC Markets 1.5 average spread $7 commission per 100k round turn
Time is Money

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#7
MB Trading (US) Lower apread plan with commission: 4.2 - 6.5 pips.

FXCM (US) standard plan - No Commission: 3.9 - 4.4 pips. (0.7 pip markup per trade included in spread)

FXCM (US) with $7 commission per round trip per 100k lot : 2.5- 3.2 pips

Here is an important thing that I figured about commissions & pip markup. If you have very low pip profit per trade then commission & markup eats a larger portion of your profit. For example if level 1 trade scalps 6 pips per trade, than FXCM's 0.7 pip per side eats up to whooping 23% of profits.
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#8
I use IC Markets ECN

thanks
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