Controversial posts made by Tulefi

I am also testing NYCServers. I am not that keen on ForexVPS, mainly because everyone uses them as they seem to be the free VPS choice for a lot of brokers. I like NYCServers and LiquidityConnect. The speeds are exceptional with LiqC edging it so I am probably going to end up going with LiqC.

On the broker side - there is a lot of noise about execution speeds. My research says the top performers are BlackBull, FP Markets, Pepperstone and IC Markets. Right now I can't really comment as I am only two days in to my fortnight of testing. I can say that I am not testing BlackBull because they want $2,000 deposit to get an account that executes quickly. Over the next few days I am testing all of the others on the exact same set up. FP and IC Markets are on a New York server so I am using a LiqC New York server (0.6ms ping) for these two and the Pepperstone is London so using a LiqC London server for Pepperstone (0.3ms ping).

On the EA programming, I have read that a broker is more likely to fulfil an accepted stop or limit order at the accepted price compared to a market order. This is nuanced and if you are programming your own EA you need to understand all of this really well. For my strategy I could do something like this: when time is 16:45 and price goes up, open a buy. This would be a market order. Another option would be: when price is 16:45 place a pending buy order 0.5 pips above the period open price. Now if in the pending buy box I choose 0.5 pips above the Ask price, this creates a buy stop order. In other words, the broker should convert the order to a trade if the price moves from below to the price. However, if I choose the Bid price, this creates a buy limit order and the broker will only convert the order to a trade if the price moves from above to the price. Similar with sells - if you choose the Bid price for a sell, you get a stop order and Ask gives you a limit order.