Getting Quotes

[CharlieM]

I started trading live (using FXClub's $100) on the RUMUS2 platform this week and I find that getting a quotes takes a long time. I click the Get Quote button then wait almost a minute to get a price. This is not even during a volatile period like a news release. What's going on in the background? Is there someone manually checking orders?

[fxc]

I started trading live (using FXClub's $100) on the RUMUS2 platform this week and I find that getting a quotes takes a long time. I click the Get Quote button then wait almost a minute to get a price. This is not even during a volatile period like a news release. What's going on in the background? Is there someone manually checking orders?

Hello Charlie,
I will contact out tech dept to check what's going on. Could you please send me your account number to peter@fxclub.com

Thank you,
Peter

[CharlieM]

Is anyone else experiencing long delays when requesting a price?

[smitty1946]

Hi,

I also find that quotes take a long time when using IDS or Rumus.
I have a demo account with someone else and the quotes are right there in an instance.

I will not open a real account unless this is fixed.

Smitty

[CharlieM]

If the market is moving that fast (i.e. price moves several pips after you click Get Price) I won't trade. I'd rather miss it then get in an undesirable position. So this delay problem is not much of an issue for me but I find it annoying because I don’t have this problem on my other two live accounts with other brokers.

But just to see, I might try trading NFP on demo.

[CharlieM]

I was watching the EURJPY on Friday looking to get in on a retracement but everytime I tried the Deal window would sit there with the "wheel" turning while on the chart the price is moving like a rocket. By the time a quote is displayed the price had already moved up to 10 pips away from where I wanted to enter. It shouldn't take so long.

It would be nice to be able to just Buy\Sell on the chart at the displayed price and not have to go to Deal and wait for a price.

[lyes]

Did you get some "fix" on this issue ? Because it does sounds like a "requote" to me (eg: the dealing desk), however i do not know the platform very well...so i hope those who knows the platform shall explain.

[ssstump]

I only have a demo account, so my opinion won't count for much, but my 'get quote' takes an average of about 15 seconds and it has been like that since i got the account a week ago. I will wait to see if there is a fix or if this is just the way the site operates. Another site I tried shows the price on a button and when u click it, the deal is done instantly.

I don't understand the 'get quote' anyway. What are the prices shown in the table, if not the current quotes?

I like the software way better on this site tho.

[lyes]

I only have a demo account, so my opinion won't count for much, but my 'get quote' takes an average of about 15 seconds and it has been like that since i got the account a week ago. I will wait to see if there is a fix or if this is just the way the site operates. Another site I tried shows the price on a button and when u click it, the deal is done instantly.

I don't understand the 'get quote' anyway. What are the prices shown in the table, if not the current quotes?

I like the software way better on this site tho.
Usualy ( but i cannot say for this site), when you ask for a quote, it does mean that you show to the dealing desk the desire to buy or sell, then they will provide you a price....usualy not the best one for you since they probably try to add some profit on the top....so you are right, "streaming price system" is a lot better than "ask for a quote", i have also some interest on the platform but cannot find any information about how to develop for it....

[fxc]

Hi everybody!


We always thought that the existing method of quoting is more clear, since in comparison with Instant Execution, with Request Price you can be sure, that you would be able to complete the transaction with the exact price you see on Buy or Sell buttons( You are always receive two-way quote when request). With Instant Execution technology you see the ongoing flow of prices, however, you never know for sure, if you would be able to complete the transaction with the current price, since you can get re-quote messages all the time and would not able to enter or exit the market during the news releases. However, if you are really interested in that technology, our company is now working on programming one and this feature would be available for our clients in nearest future.

[jpat1023]

I think the "Request Price" is a good idea, and I like the fact that you are gauranteed (sp?) the quoted price; BUT, the entire system becomes useless when it takes anything over 5 secs to get a price. I have been using a demo account on rumus for about a day, and it just takes entirely too long to get a price. The market could move 50 pips in the amount of time it takes to get a price! If ya'll found a way to significantly decrease the amount of time it takes to get a quote, you would have a real good thing going here because everything else is pleasing, just takes too long to deal...

edit: Also, getting out of a trade is down right scary!!! Its hard to even get into the market when I know the price may move 50 pips before the damn wheel will quit spinning and I can close the order...

[CharlieM]

Hi everybody!


We always thought that the existing method of quoting is more clear, since in comparison with Instant Execution, with Request Price you can be sure, that you would be able to complete the transaction with the exact price you see on Buy or Sell buttons( You are always receive two-way quote when request). With Instant Execution technology you see the ongoing flow of prices, however, you never know for sure, if you would be able to complete the transaction with the current price, since you can get re-quote messages all the time and would not able to enter or exit the market during the news releases. However, if you are really interested in that technology, our company is now working on programming one and this feature would be available for our clients in nearest future.

Good to hear from you Peter.
I agree with jpat1023. Request Price has it's advantages but why does it take so long to get a price?
I'm trading live so it's even scarier. I was able to take 36 pips from the EURJPY last night but it should have been 50 but I was unable to move my stop fast enough. I should say I could not get a price fast enough.

[fxc]

Hi,
If market can move 50pip up or down in five seconds that mean something happened. Let’s say Non Farm Payrolls data... I can say for sure that nobody will be able to enter or exit market during this news release and its does not matter what type of execution your dealer provides.
So, on Instant Execution technology you can get re-quote again and again, in our system you will wait for actual price. You’ll get fill at the first available price on market.

This is reality.

Anyway, as I already said, we will provide instant execution in the nearest future.


Good Luck to everybody!

[jpat1023]

I did not mention one thing about trying to trade during a news release...I, like many other people, realize trading during news is going to be significantly harder to do, but what about under "normal conditions", it still takes 20-30secs to get a price...and if your trading Eur/Jpy, the market can move quite a bit in 20-30secs...

Anyways, thanks for your input. I'll be live in a couple of days, so we'll see how it goes...

Happy Trading!

[fxc]

Hello jpat1023,

On the real account you are going to receive quotes much faster under normal market condition. On Demo we delay an answer time for your quote request on purpose. The reason for that is to show you that in real life market conditions could cause these delays.

[jpat1023]

Well I guess that is good news.

Thanks Peter.


Justin

[CharlieM]

FYI, at 4:30AM GMT I was getting prices for the EURJPY in under 10 secs.

[lyes]

Hi,
If market can move 50pip up or down in five seconds that mean something happened. Let’s say Non Farm Payrolls data... I can say for sure that nobody will be able to enter or exit market during this news release and its does not matter what type of execution your dealer provides.
So, on Instant Execution technology you can get re-quote again and again, in our system you will wait for actual price. You’ll get fill at the first available price on market.

This is reality.

Anyway, as I already said, we will provide instant execution in the nearest future.


Good Luck to everybody!


I think "instant execution" is better, even if we get re-quote then we can accept or refuse the re-quote (or like others, had an acceptable slippage decided by the user), overall, instant execution should be the way to go....but the quality of the broker services it to give fast and good price, if the downside is to get re-quote on re-quote, then the services is bad, do not forget, if you display a price, we should be able to buy or sell at that price...of course, i am not talking here when the market is volatile like during new...you are perfectly right

[microhard]

deleted. (need more study)

[ssstump]

Thank you for the informative posts. I am just learning about Forex and this information helps me understand more.

[martonbsandor]

Hi everyone,

Of course, this long Get Quote issue is anoying. Ok, i think that might be apropriate to implement in Rumus the possibility to CHOOSE which way you want to open a position. Either to Get an instant price with the possibility to get requoted, or the classic GET Quote way.
And this way everyone has the option to go either way. Some my get lucky to click fast and after 2-3 requote (of course, this means that if is to get a requote, then get it instantly!) to get in to a deal. I had intervals of 30 secs to manage to get in or out of a position (don't want to mention the amount lost because of this). Another probably useful option might be to introduce a "error pip range" or something. One to be able to adjust an acceptable amount of pips from the begining of the transaction. So, in high volatility periods (but not necesarily) one can accept 1-2-3-4-5 pips in detriment of his opening or closing deal. Example: I prepare to make a deal on a significant NEWS. If i have the possibility with this let's call it " pip error margin" of the price then before the event i can set this to lets say 5 pips. This way I acknowledge that I'm agreeing to enter in the market with a price 5 pips worst then i probably get other way, but enter INSTANTLY!
Thank you.

[godswill]

I just started the actual practice of demo forex trading, what can I do from here? I m new and want to learn. thanks

[godswill]

I just started the actual practice of demo forex trading, what can I do from here? I m new and want to learn. thanks

[CharlieM]

I just started the actual practice of demo forex trading, what can I do from here? I m new and want to learn. thanks

If you haven't already go thru the FX Club videos and Primer.
There are many threads here that are very useful.
Good Luck.

[godswill]

I just started the actual practice of demo forex trading, what can I do from here? I m new and want to learn. thanks

[godswill]

thanks, but may I know what the threads are like?

[godswill]

thanks, but may I know what the threads are like?
thanks, but may I know what the threads are like?

[godswill]

please tell me the meaning of threads in forex

[godswill]

please tell me the meaning of threads in forex
please tell me the meaning of threads in forex

[CharlieM]

Sorry, didn't mean to be unclear. What I meant was check out these links (referred to as threads):

http://www.fxclub.com/forum/showthread.php?t=412
http://www.fxclub.com/forum/showthread.php?t=343
http://www.fxclub.com/forum/showthread.php?t=380
http://www.fxclub.com/forum/showthread.php?t=82

You could also do a Search.

[elbarck]

I find it a good feature in Rumus2.... My hands have got burned alot using another Broker Platform,when i choose to close the position in the price i want it closes it at the price the platform choose :( and that was sucks coz in some times i prefer to go away of the market with 1pip only insteed of lose and i found out it closed the position with about 10pips lose :D....

But if some guys want the OLD ONE i think we can take the idea of making it for clients choice....

ABout the guy called #godswill# he is asking help here, could the admin Please remove his posts coz they're not related to the topic we are talking about and he's dispersing us out of our discussion....