For those who are using FX VPS, NYC location close to the Exchange...
What is the latency in milliseconds (ms) do you get when you open your GP Empty4?
Reason I ask this is: Currently I'm using a VPS with latency of <1ms
This is important because a few ms longer can affect where you are in the order book and when your orders get filled because we have to line up to get our orders filled - it can mean the difference between closing your winning trades with slippage because you weren't fast enough get out (and if you haven't set any stop orders to to take profit)... if you set stopless orders the criminal brokers may stop hunt you and then move in a direction, a bit of cat and mouse.
Every millisecond and cents count in trading... it all adds up.
In the Futures market you can see Level 2 order book, see supply and demand and etc... if FX trading on the live market we only get volume activity in Empty4 and you'll have to combine it with price action to discern sentiment of the market. - side note
Aim:
- low spread and low commission with Global Prime
- good spec for fast EA execution.
- minimal latency <1 ms, close to the exchange with direct connection, get orders filled quicker.
I may set up a trial with FX VPS to check it out...
Peter