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Replies

ncel01
23 May 2023, 10:58

How can be that a broker is able to circumvent the trading conditions as they are shown and mess with these?

Describing this simply an "issue" is an understatement as this should never be allowed by cTrader. Something that definitely must be clarified by Spotware.

Moreover, "issues" are never in favour of traders.

It is totally unacceptable that traders cannot even trust the trading conditions as they are shown.


@ncel01

ncel01
15 May 2023, 16:19

RE:

Capt.Z-Fort.Builder said:

The human world is already unfair for most ordinary people, I vote NO extending the tiered system to the money world!!

Very clarifying.

Thanks for sharing!


@ncel01

ncel01
15 May 2023, 16:18

RE: RE:

ctid4575606 said:

Hi, thank you for your reply.

I voted for your post, although I am not sure how the features are selected and planned.

ncel01 said:

Hi there,

I have also suggested for this some time ago but, apparently, no one cares:

 

 

Hi,

Based on the votes only, I guess.

I believe that low vote suggestions will never get off the drawing board, no matter how relevant these can be. However I am not completely sure about this.


@ncel01

ncel01
13 May 2023, 00:47 ( Updated at: 13 May 2023, 00:51 )

Hi there,

I have also suggested for this some time ago but, apparently, no one cares:

 


@ncel01

ncel01
12 May 2023, 19:36

Hi heinrich,

No, they are not stored in the server but on the client PC in the environment of the cTrader application.

I see. It makes even more sense.

Anyway, the inputs defined on cTrader are somehow stored and it would be great to have an option to apply these.

However, it was said in the demo video that the final release will have the ability to pass the parameters in a file...

Yes. However, it would be great to also see the option to get these directly from cTrader.

In addition to above, I am also expecting the following:

1. The possibility to check (at a glance), on cTrader, all the cBots running from the the console, so that traders can easily keep control/track on these.

2. That console will be multi instance and that a single instance can have the ability to run multiple cBots within the same account.

3. Last but not least: I really hope that memory usage will remain stable and that it will not rise overtime.

What is bothering me much more is the fact that the cTrader console can be used for live trading ONLY - as I understand it.

I really hope not as this would be too bad to be true.

Why do you need/want to backtest strategies from the console btw?


@ncel01

ncel01
12 May 2023, 10:11

This was a Spotware demonstration of the console, I see.

Apparently it was intended to be released with cTrader 4.2 (Nov 2021), one year and a half ago, but hasn't been released yet. 

I wonder what priority has been given to this..

I'll maybe be able to convert all my cBot code to MT4/5 sooner than this is made available..

60MB: seems to be a lot of memory usage for a simple console. More than the memory used by MT4/5.

Also being limited to the cBot default parameters makes the console useless, from my point of view. Moreover, this doesn't make much sense to me, reason:

Cbot parameters when defined in cTrader remain there even when closing and launching the application again, meaning that these are stored somewhere in the server. So, why not an option to use these values (defined in cTrader user interface) when running the cBots through the console?

Last but not least:

As expected, this video shows that not only with me cTrader gets unresponsive.


@ncel01

ncel01
11 May 2023, 12:41

firemyst,

If you consider this as a bug how would you classify cTrader memory leaks? A detail?

Although it is okay to report any issue (of course), I prefer to focus on cTrader core issues, that's why I said I didn't even consider this to be an issue.

By core issues I mean issues that directly have impact on your trading outcome/results, which is not the case here.


@ncel01

ncel01
11 May 2023, 10:59

firemyst,

I can confirm the same discrepancy between cTrader desktop and cTrader mobile.

However, I don't even consider this to be an issue. In other words, I'd love all the cTrader inconsistencies/"issues" to be like this.

I am much more worried about the fact that cTrader RAM usage doubles each few hours and that I am not able to perform any algorithmic trading. That's is for me an issue, not this matter and, about that, I haven't seen any comments lately.

By looking at many posts here, sometimes I wonder if traders are expecting cTrader to be an effective trading solution or, on the other hand, only a fancy, visually attractive and highly inefficient application.

After all, as desired, you're able to sort all the trades in history, right?

Just keep the filter that suits your needs in cTrader mobile and that's it. In fact, there are only two options to select from: ascending/descending. No need to solve any complex equation to get this done.


@ncel01

ncel01
11 May 2023, 03:13

Hi firemyst,

Yes, it still can make sense.

As far as I can see, there is no mention to ascending/descending in cTrader desktop. This means that, most likely, what you consider to be a descending order has been defined as an ascending order.

This makes sense if the criteria is, for instance, the elapsed time between the closing and current times.


@ncel01

ncel01
10 May 2023, 17:18 ( Updated at: 21 Dec 2023, 09:23 )

RE:

firemyst said:

@Spotware or anyone:

I want to check my most recent trades on the mobile platform. Is there no way to sort the data by any kind of date in descending order so all my latest trades are at the top? I have hundreds of trades across multiple symbols in this list:

Thank you

Hi firemyst,

Did you try the filter (3 dots at the top right corner)?


@ncel01

ncel01
10 May 2023, 14:01

RE: RE:

heinrich.munz said:

ncel01 said:

Dear cTrader team,

Will this be a standalone app or, can it only be launched with cTrader?

Thanks.

Yes it will be stand alone. 
See this demo video of cTrader Console starting at around 29Min, 47 Secs

 

 

Hi heinrich,

Thanks for sharing the video, I'll look into it later.

I really hope it will be standalone!

Does this mean that a console has been already available in the past? I am a bit confused..


@ncel01

ncel01
10 May 2023, 13:57

RE:

Spotware said:

Dear ncel01,

We will publish more information on the release of the feature.

Best Regards,

cTrader Team

Dear Spotware team,

At that time I'll be already aware of this, I guess.

I really need this feature to be able to smoothly run cBots with a minimum memory usage, which will not be possible if this comes attached to cTrader and not as a standalone app.

When is this expected to be released?

Thank you!


@ncel01

ncel01
09 May 2023, 18:28

Dear cTrader team,

Will this be a standalone app or, can it only be launched with cTrader?

Thanks.


@ncel01

ncel01
18 Apr 2023, 10:34 ( Updated at: 18 Apr 2023, 10:35 )

Hi M0glix,

No worries! It looks like we are tuned on this, after all.

In fact, none of these 2 conditions/restrictions make any sense from traders' point of view.


@ncel01

ncel01
18 Apr 2023, 00:22

Hi ttargueta,

The reason why there is no reply from Spotware on this topic is simple:

Not even the most brilliant mind "in the house" will be able to argue on this in a way that is compliant with the so famous motto "Traders First".

As simple as that.


@ncel01

ncel01
17 Apr 2023, 23:30 ( Updated at: 17 Apr 2023, 23:48 )

M0glix,

"At least 1 deal executed within the last 72 hours"

Does this make sense, really? Or, instead, it is just not relevant according to your trading style?

"1 deal executed within the last 72 hours" restriction should be sufficient enough to filter out the serious and active Strategies.

Having executed, at least 1 deal within the last 72 hours, is condition enough for a strategy to be considered serious. The same as saying that every active strategy is a serious strategy.

Is this the logic behind your statement?

Just to clarify.


@ncel01

ncel01
17 Apr 2023, 20:34 ( Updated at: 18 Apr 2023, 00:26 )

Hi Panagiotis,

Could you please be more pragmatic?

I am yet to know what conditions, apart from being paid, are imposed by Spotware to accept brokers as clients.

I put my brain to work first.

It's curious how some brains can get to work on this while Spotware does not.

I am also of the opinion that traders should not rely on any third parties. However, unlike you, I am also of the the opinion that a "third party" which is in fact an intermediary (Spotware), must also act responsibly and put in place mitigation plans to prevent any possible connection between harmful brokers and cTrader users.

Not considering that a broker must be, at least, regulated, as a necessary condition to accept it as a client, is a very negligent/careless way to conduct such a business.

If this is asking too much from Spotware, there is nothing else to be expected, I am afraid.

This is clear as water to me and to 99.9% of the cTrader users, I believe.

It is not new that finance is, by default, not a very reliable business. So, I assume that Spotware is not expecting cTrader users confidence on its business to be boosted when adopting such a policy.

Regarding your example(s):

I imagine that the companies you mentioned do not officially sign any contracts to get fake accounts created. On the other hand, I can be almost sure that these companies appy contingency plans to prevent/mitigate these kind of situations.

Amazon: you will get refunded (Guarantee Protection).

Moreover, none of these companies directly operate in the finance sector so, let's not compare what is not comparable by default.

Have a nice day you too!


@ncel01

ncel01
14 Apr 2023, 09:15 ( Updated at: 21 Dec 2023, 09:23 )

RE:

Daniele Franzosi said:

Hi,

It seems that  calculation of margin used in backtesting has some issue. Have a look below with an account with 1:100 leverage.

I got an open position with a volume of 95K€ and margin used is 950€.... margin used should be €95 instead.

Regards

Hi Daniele,

Why €95?

95K/100 = 950 and not 95.


@ncel01

ncel01
13 Apr 2023, 16:00

Hi nishamsehgal33,

I don't have any kind of influence within Spotware, nor Spotware have any kind of influence on me.

I use this forum with same purpose as any other trader. The only difference is that, unlike most of the users, I always like to be clarified on inconsistent/contradictory matters instead of letting them go unnoticed.


@ncel01

ncel01
13 Apr 2023, 15:39

RE:

PanagiotisChar said:

What is the conclusion after all?

Spotware should not take any actions on assessing brokers and mitigating the risk before accepting these as clients because that would be an issue. Is it?

The conclusion is that no matter what actions Spotware takes, there is nothing that can prevent brokers from misbehaving, so traders have the primary responsibility of choosing with whom to cooperate and send their money to.

The paradox for me is that we live in an era where well respected banks, regulated by central banks, collapse in one night but traders somehow expect that a software vendor should protect from all dangers and provide them 100% security of their funds. 

Panagiotis,

I am happy that you see the perfection on everything that comes from Spotware.

While this discussion is clearly being extrapolated, I am still wondering what conditions, other than being paid, are imposed by Spotware to accept brokers as clients.

Apparently traders cannot even be confident that all the cTrader brokers are regulated. Maybe this follows the logic "No matter what actions Spotware takes".

The obvious :

Like in any business/industry the risk must always be mitigated at the source (upstream), meaning that, as a primary action, Spotware must perform the due scrutiny to not welcome any potential harmful brokers as clients. No one needs to be an expert in management to know this. Furthermore, as you may know, it is Spotware that makes brokers available to the traders and not the opposite.

Even though it can be convenient, it is for sure not very ethical to accept brokers without any condition other than being paid, while only blaming traders when these get assaulted within Spotware's own "house".

The real paradox is to adopt the motto "Traders First" while conducting such a careless policy, among many other, and still victimize.

Although this can be hard for you to hear/accept, the evidence speaks for itself.

Maybe, after all, this is only part of the motto.


@ncel01