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Topic: [ANN] 1Broker.com - Trade forex, indices, stocks and commodities - page 35. (Read 103059 times)

legendary
Activity: 2413
Merit: 1003
two more questions:

1) When I click on "short", the "stop-buy" option is actually a stop-sell isn't it?

2) Let me ask this one with an example:
I am short with 30BTC
current price is 100
I click on buy and set a stop-buy at 102 (30 BTC)
now price passes 102
will this a) open a new position?
or b) close the short?


You are right it's actually a Stop-Sell.

It is useful if you want to short a market once it reaches a price below the current one.
Let's say you think that BTCUSD will fall once the price hits 50$ (but you are not sure if it will hit 50$) you can open a Stop-Sell short position with parameter 50.




question number two?
full member
Activity: 187
Merit: 100
two more questions:

1) When I click on "short", the "stop-buy" option is actually a stop-sell isn't it?

2) Let me ask this one with an example:
I am short with 30BTC
current price is 100
I click on buy and set a stop-buy at 102 (30 BTC)
now price passes 102
will this a) open a new position?
or b) close the short?


You are right it's actually a Stop-Sell.

It is useful if you want to short a market once it reaches a price below the current one.
Let's say you think that BTCUSD will fall once the price hits 50$ (but you are not sure if it will hit 50$) you can open a Stop-Sell short position with parameter 50.
legendary
Activity: 2413
Merit: 1003
two more questions:

1) When I click on "short", the "stop-buy" option is actually a stop-sell isn't it?

2) Let me ask this one with an example:
I am short with 30BTC
current price is 100
I click on buy and set a stop-buy at 102 (30 BTC)
now price passes 102
will this a) open a new position?
or b) close the short?



up
sr. member
Activity: 411
Merit: 250
full member
Activity: 187
Merit: 100
You should clarify the way you are calculating price. As far as I tell, you are picking prices off MtGox, BTC-e and BitStamp, using not average prices
and some constant exchange weight but adjustable weight and Bid or Ask price as it suits you. Price can go down on all 3 exchanges but there is
no movement downward on 1Broker or it is noticably delayed, in a way that if all 3 exchanges go down a lot than you will drop your price eventualy
after 1 minute. Once you do that, it takes 1 Satoshi bought on BTC-e for you to rise your price by up to 0.5 BTC!
I will start with the most important concern. We are using constant weight and always use the bid and ask values . You may ask why I'm not just make the algorithm public: It's because of preventing price manipulation. It almost destroyed us some months ago. Nevertheless, I can disclose the algorithm privately if you want.

You shouldn't use our platform for higher frequency trading. It's not ready for that, yet. The average lifetime of positions is more than 3 days and that's the intentional value.

The way prices on 1Broker change reveals major manipulation.
Your accusation comes out of assumptions. I can only say that we don't manipulate markets. You probably shouldn't use the platform if you completely distrust us.

You might call it "risk management" or whatever but I call it bullshit! Changing spread value on will, without any notice, is another "cool" feature.
Please relax. It is clearly written in our Terms. Currently you should expect a spread of at least 0.5% and up to 1%. (This may changes in the future)


What is the point of showing interest when it calculates only at full hour and only if it suits you?
Calculation happens completely automatically. Obviously we determine the interest rate by weighting long positions against shot positions.
As we don't have thousands of active traders a high volume position can change the whole situation regarding interest rates. This was definitely the case in your example.


To sum up: Please start with small positions to get a feeling of interest rates and our market making. Don't use 1Broker for higher frequency trading on BTCUSD, yet.
legendary
Activity: 2413
Merit: 1003
two more questions:

1) When I click on "short", the "stop-buy" option is actually a stop-sell isn't it?

2) Let me ask this one with an example:
I am short with 30BTC
current price is 100
I click on buy and set a stop-buy at 102 (30 BTC)
now price passes 102
will this a) open a new position?
or b) close the short?
full member
Activity: 187
Merit: 100
Quote
Why isn't 1Broker a registered company?
This has top priority. We are currently working with some lawyers to make this happen.


what about this one?
We evaluated several options and talked to various lawyers. The whole process takes much longer than initially thought. Personally I expect results this summer.

legendary
Activity: 2413
Merit: 1003
Quote
Why isn't 1Broker a registered company?
This has top priority. We are currently working with some lawyers to make this happen.


what about this one?
full member
Activity: 187
Merit: 100
aweseome.   

now how can we help to move limits up? Smiley
Every new active trader is step forward. Currently it looks like we can raise the limit soon.
sr. member
Activity: 411
Merit: 250
what would be realy awesome..

to put our own stop loss
This is coming in a few days. I promise!

edit: what is the "hidden" stoploss now? when all our deposit is used?
another question:
When most of your margin is lost.

the 100btc limit is for each position
or is total amount to play with  for an acount.?
100 BTC limit is only for the BTCUSD market. Limits are always per market.

another question:
BTC/USD market.. does it close in the weekend? (would be a bit wierd since things happen in weekend too..)
No it stays open of course.

aweseome.   

now how can we help to move limits up? Smiley
full member
Activity: 187
Merit: 100
what would be realy awesome..

to put our own stop loss
This is coming in a few days. I promise!

edit: what is the "hidden" stoploss now? when all our deposit is used?
another question:
When most of your margin is lost.

the 100btc limit is for each position
or is total amount to play with  for an acount.?
100 BTC limit is only for the BTCUSD market. Limits are always per market.

another question:
BTC/USD market.. does it close in the weekend? (would be a bit wierd since things happen in weekend too..)
No it stays open of course.
sr. member
Activity: 411
Merit: 250
what would be realy awesome..

to put our own stop loss

example

go long with 10 btc..  entry price 85
we put our stoploss at 83

price goes up to 90

we move our stop loss at 88

this way we can sleep Smiley

edit: what is the "hidden" stoploss now? when all our deposit is used?
another question:

the 100btc limit is for each position
or is total amount to play with  for an acount.?

another question:
BTC/USD market.. does it close in the weekend? (would be a bit wierd since things happen in weekend too..)
full member
Activity: 187
Merit: 100
Thanks. Will be fixed with next update.
full member
Activity: 187
Merit: 100
The spread on BTC/USD was reduced from 0.8 to 0.5 points.

It's probably a good occasion to thank all people for using 1Broker. When I started this project I never dreamed of handling such volumes. It's a great pleasure to lead this project.

Cheers!
full member
Activity: 187
Merit: 100
hi ,
probably a stupid question.. but  how works this.. 
No this is not a stupid question. You can see CFDs as a bet if the price of X goes up/down which means that CFDs are a form of derivatives. We act as a market maker and take the risk for this bet. Internally this means that we have to do proper risk management which includes hedging, keeping enough reserves and limiting position sizes. The current limit for the BTCUSD contract is 100 BTC.

Wikipedia gives more information: http://en.wikipedia.org/wiki/Contract_for_difference


The fact that one enters or exits the market not at the current price but the next one is pure bullshit. Add to that the fact users can't tell if
prices shown are correct and if timing for price update is correct. There is just too much room for you to manipulate outcome in your favour.
There is no reason to risk our reputation by manipulating such things, but you are right, we should avoid re-quotes. We are currently working on a re-quote free trading interface which should get ready in some weeks.
sr. member
Activity: 411
Merit: 250
hi ,

probably a stupid question.. but  how works this..   are there real btc traded?    how much can i trade there..    I didnt make an acount yet but i dont see volumes or something or an orderbook..

so in case i  go long on a 500btc ..   with 5x leverage..     in case i make a big chunk of profit .. where does the btc or usd come from to pay me the profit?..

as i said.. it might be stupid questions..    i'm not realy familiar with cfd trading..
full member
Activity: 187
Merit: 100
Thanks for your suggestions Bitcoin Megastore.

Alt-coins
Once an alt-coin gains enough traction it could be implemented. Currently only Litecoin is a potential candidate, but don't expect this in the near future.

Google Authenticator
We are not against Google Authenticator and you can expect this feature in the future. But before we start with this we want to make some security-related changes first.

Close position button in the sidebar
Definitely coming soon along with other improvements.

Also please rewrite description for Limit Order.
Will be done with the next update.

Username is not case-sensitive
This is intentional because we think john and John shouldn't be two different accounts.



All your trades are belong to 1trader
I can't follow you.
hero member
Activity: 798
Merit: 531
Crypto is King.
All your trades are belong to 1trader
full member
Activity: 187
Merit: 100
A DDoS attack causes some problems right now. We are working on it.

All Bitcoins are safe. Losses occurred during the outage can be refunded if you contact our support.

Update: Everything is up and running again.
full member
Activity: 187
Merit: 100
The interest we pay / receive when trading BTC/USD, is that based on the rate the moment we opened the position, or does it vary also for already open positions?
The interest varies for open positions too.
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