FXCM Discussion

Hi Jason. Can you talk more about the REST API, is it a new thing? It says it is in testing phase?
I can find the following links about it
https://github.com/FXCMAPI/FXCM-API-Offerings
https://fxcmapi.github.io/rest-api-docs/#
https://github.com/FXCMAPI/rest-api-docs <-- Is this section supposed to be visible to the public?

But nothing is mentioned on the official site, only API's listed are ForexConnect (lua, java), IndicoreSDK (lua), FIX, and QuantConnect (c#, python, web based)

Do you require special privileges to use the REST API? A minimal account size like with FIX? (5k). I know I had to ask FXCM support to enable my account to connect using ForexConnect at first as I was getting a ZDas exception error.

I am very interested in it as it use Python, which is my main language of choice, and I will try follow the examples to get live price data feed to my sample app, create a strategy, and execute trades.

I was told there is a python wrapper being made for ForexConnect too

Also, have you heard of the other tools available by guys at Gehtsoft (fxcodebase.com) such as StrategyRunner, IndicatorRunner, ConsoleOptimiser, ConsoleBacktester that come with the SDK and others like the Price Downloader, Live tick data export to csv, DDE quotes in Excel, FX Strategy Wizard, etc...? I wish all these things were listed in one place somewhere as it took a while to gather what is what and where it comes from. Appreciate your response regarding the REST API, and whether you'd recommend it to run fully algorithmic trading setup 24/5 mainly for scalping

Hello PoundPotamus,

Our REST API is still under development, which is why it is not on our official website, but I will let you know as soon as we make an announcement about the official release. Since we have a few clients already trying it out, the information you found is available to the public

Any demo account can access the REST API. As of now, requirements for live accounts have not been decided yet.

I am not aware of any official wrappers for ForexConnect in Python but you can find a few unofficial ones on GitHub.

Jason

Worth just pointing out to people that for FXCM UK users, they need to update their personal information on the account with citzenship ID numbers before the end of December 2017 or the accounts will be frozen.

I was shocked that FXCM was banned last Feb. 2017. This made me mad because I love it. Shame on you!

Jason @Jason*Rogers, what is the difference between the FXCM-MT4-2.0xxx servers and the FXCM-EUR servers on MT4?
Eg FXCM-EURReal01 vs FXCM-MT4-2.0-EURReal01

Thanks

Platform question to FXCM spokesperson (Jason).

Is it possible to sync the MT4 platform and Marketscope so they both show the same price ?
Also is MT4 showing by default Ask or Bid price?
and is it possible to switch between the two on your MT4 platform as you can on marketscope?

Thanks

Is something wrong with the FXCM Platform?

https://www.leaprate.com/forex/broke...-leverage-cap/

https://www.financemagnates.com/fore...s-restrictive/

Tis the season

Normally, the forex market trades 24 hours a day, 5 days a week without interruption even during major holidays around the world, and FXCM provides live customer support 24 hours a day even on weekends and holidays.

However, Christmas and New Years are the two exceptions. Here is a link to FXCM's holiday hours for trading and customer support during these holidays.

I’ll be out of the office until January 3rd and will respond to any posts or private messages when I return.

Happy Holidays!

Jason

Logged in and very surprised to see rollover fees from fxcm
Another daylight robbery

Hi Jason!
If i have two accounts: one is small and the other is a big one. How can i manage to set a trade in one of them and that the same trade be executed in the other one but with different lot size.
Regards!

Hello fredz85,

There is no difference between the two as both will connect you to the same server.

Jason

Hello Robgsxr,

MT4 and Trading Station 2 show the same bid prices. MT4 shows you bid prices, however you can see the current ask price by going to Tools > Options > Chart, then select show ask line.

If you want to see historical ask prices, then you will need to use Trading Station 2.

Jason

Hi ngson,

Welcome back and Happy New Year. I understand rollover rates are very important to you as you made a very similar post last year during the New Year’s holiday. There are 2 reasons why rollover was higher during the end of year holidays.

1) Interbank borrowing rates tend to shift further away from central rates during holiday periods. FXCM rollover is calculated using real interbank borrowing rates, which historically tend to shift further away from central rates during holiday periods.

2) There is no rollover on a holiday when banks are closed. Typically, holiday rollover happens if either of the currencies in the pair has a major holiday. To account for the Christmas and New Year’s holidays, Wednesday, Dec. 20, 2017 (accounting for Christmas and for Boxing Day on certain pairs) and Wednesday, Dec. 27, 2017 (accounting for New Year’s Day) incurred higher than the normal Wednesday rollover. Keep in mind Wednesday’s are always 3x normal rollover due to the need to account for weekend rollover.

FXCM notified clients of the likelihood of upcoming increases in rollover, via an email sent to all our clients and a link to the following article at the top of our website during the entire holiday period.

https://www.fxcm.news/learn/freshman...pected-higher/

Jason

Hello Socramalb,

We cannot connect two existing accounts. However, you can link an existing account to new account. Once you have your new account, you will see both accounts in Trading Station 2 and have the ability to execute the same trade with varying lot sizes. Please follow the instructions below to add an account:

1) Log into MyFXCM.com with your account number
2) Go to ‘Account Settings’
3) Click ‘Add New Account’
4) On the ‘Add New Account’ screen, click “Please create a new account with same login information”
5) At the bottom of the screen, you can enter the amount you would like to have transferred into this new account. If you transfer all of it your old account will close itself.
6) Please allow 2-3 business days to have your new account processed. Check your email periodically for updates.


Jason

Thanks,
I found the ask price box in the tools window but the chart still only displays bid price.
Is switching to ask price on MT4 supposed to show the chart printing the ask price as it does in Trading station 2 ?
If yes this is not happening. I have switched to ask price and restarted the platform and still it displays only bid.
As an example on TS 2.0 I am currently watching aud/jpy at 88.044 and MT4 set to ask showing 88.027 which is the bid price on my TS 2.0
Any further instruction ?

Free Forex Tick Data

Hi Everyone. Wanted to let you know that FXCM has made available our repository of tick data dating back to January 4, 2015 for the top 21 currency pairs. The tick data aggregates the best bid/offer from FXCM's multiple liquidity providers.

Details and instructions on how to access the data can be found on our GitHub page https://github.com/FXCMAPI/FXCMTickData

Let me know if you have any questions.

-Jason

Risk Disclaimer: Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits.

Thanx for the reply Jason.
I got it.
Now, could you please explain to me how can I set the lot ratio between my two accounts?

Thanx again.

Tried to open demo on FXCM, but their platform so different. I don't know why