Live IRA Account #1 (ILQ/MDP/ChannelSurfer) (By forexverified)
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Live IRA Account #1 (ILQ/MDP/ChannelSurfer) Discussion
Sep 02, 2011 at 18:41
1,242 Views
2 Replies
Sep 26, 2011 at 02:05
Hi,
Nice results :)
But i have few questions plz:
1- Isn't ILQ NFA reguilated? how they allow you to trade with FIFO: False?
2- I see that many of your cleints got a bad slippage on 9-21 got a high SL slippage over 21 pips, you and some others got less SL, and the results are vary from account to account, why is that?
2- I have noticed too that you all trade 1.1.6, do you think 1.2 bad?
Thanks
Nice results :)
But i have few questions plz:
1- Isn't ILQ NFA reguilated? how they allow you to trade with FIFO: False?
2- I see that many of your cleints got a bad slippage on 9-21 got a high SL slippage over 21 pips, you and some others got less SL, and the results are vary from account to account, why is that?
2- I have noticed too that you all trade 1.1.6, do you think 1.2 bad?
Thanks
Member Since Sep 02, 2011
25 posts
Sep 26, 2011 at 06:24
Hello BlackCode!
1 - Yes, ILQ is NFA regulated. The FIFO and Hedging rules are enforced in the back-office trading account. It's called 'netting'. The Metatrader 4 software is used as a 'gateway' to the account and has full trading functionality, while allowing us to be FIFO and Hedging compliant.
2 - The results DEFINITELY vary from account-to-account, but they usually move in the same direction. Not sure why the variance yet. We saw differences between accounts from Day #1 so it isn't related to liquidity or the number of accounts trading it. I think it just depends on the exact ticks received by each platform.
Our introducing broker and myself are currently working with ILQ to discover the reasons for the slippage and get it reduced. Slippage was no issue in August and got worse in September.
3 - We continued to trade 1.1.6 while testing 1.2.0. The main difference is that 1.2.0 doesn't trade after gaps, and that's fine, but I wanted to run it for a week or two to make sure it was stable and didn't have 'other issues' before running it on large live accounts. We'll be updating to 1.2.0 this week.
Thanks for the questions!
Scott Wang, FV
1 - Yes, ILQ is NFA regulated. The FIFO and Hedging rules are enforced in the back-office trading account. It's called 'netting'. The Metatrader 4 software is used as a 'gateway' to the account and has full trading functionality, while allowing us to be FIFO and Hedging compliant.
2 - The results DEFINITELY vary from account-to-account, but they usually move in the same direction. Not sure why the variance yet. We saw differences between accounts from Day #1 so it isn't related to liquidity or the number of accounts trading it. I think it just depends on the exact ticks received by each platform.
Our introducing broker and myself are currently working with ILQ to discover the reasons for the slippage and get it reduced. Slippage was no issue in August and got worse in September.
3 - We continued to trade 1.1.6 while testing 1.2.0. The main difference is that 1.2.0 doesn't trade after gaps, and that's fine, but I wanted to run it for a week or two to make sure it was stable and didn't have 'other issues' before running it on large live accounts. We'll be updating to 1.2.0 this week.
Thanks for the questions!
Scott Wang, FV
Adding transparency and quality to the Forex market, one trade at a time.
Aug 26, 2012 at 11:14
Hi Scott,
I have a question,
I saw one of the system you test on ILQ demo profits much more than Pepperstone, ICmarkets, FXopen.
Do you think ILQ demo feed is representative of the real feed, so if I go there, I will get about the same performance?
BTW what is the better way to signup to ILQ to have lowest commission? In your demo account do you use low spread and commission or everything included in the spread?
Thanks!
I have a question,
I saw one of the system you test on ILQ demo profits much more than Pepperstone, ICmarkets, FXopen.
Do you think ILQ demo feed is representative of the real feed, so if I go there, I will get about the same performance?
BTW what is the better way to signup to ILQ to have lowest commission? In your demo account do you use low spread and commission or everything included in the spread?
Thanks!
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