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FXCM Discussion

  • #1,181
  • Edited 7:23pm Jun 21, 2010 7:09pm | Edited 7:23pm
Quoting John D
I wonder why the polling for rthe question... "Would You Recommend FXCM?" was closed at the top of the page?


Trade to trade well, no excuses.
JD
hmm...and that polling was before they raised the spread to become the highest of them all, I think that poll is outdated.
http://www.fxintel.com/
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  • #1,182
  • Jun 21, 2010 7:31pm Jun 21, 2010 7:31pm
Hey there Jason Ive been following this trend because a friend of mine recommended me to go with fxcm, but right now am testing the MTS2 and well i posted an order here with tp on 5 pips as you can see in the pic, of course when i put the order the first line draws at the price where your trade will be at 0 and the second line is the limit that is exactly 5 pips from the 0 as you can see on the pic, it had crossed the 5 limit, but the program is telling me that am only +3.2.

Whats going on there??

PS. Am really sorry if this is something that everyone knows but am relatively new to forex.
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  • #1,183
  • Jun 21, 2010 7:50pm Jun 21, 2010 7:50pm
Quoting Midnight05
Hey there Jason Ive been following this trend because a friend of mine recommended me to go with fxcm, but right now am testing the MTS2 and well i posted an order here with tp on 5 pips as you can see in the pic, of course when i put the order the first line draws at the price where your trade will be at...
large spread, and your chart is a bid chart, click on A to make it an Ask chart if you are short the pair, cause you will have to buy at Ask not Bid...a 4 pip spread will kill you in scalping unless you are the best scalper that ever lived
  • #1,184
  • Jun 21, 2010 8:21pm Jun 21, 2010 8:21pm
Quoting wwwin
hmm...and that polling was before they raised the spread to become the highest of them all, I think that poll is outdated.
Thanks Wwwin!


Either that or someone’s afraid the NO response will far exceed the YES.


But what do I know.

JD
It's Easy To Get In;.. It's Hard To Get Out
  • #1,185
  • Edited 8:39pm Jun 21, 2010 8:26pm | Edited 8:39pm
Quoting wwwin
large spread, and your chart is a bid chart, click on A to make it an Ask chart if you are short the pair, cause you will have to buy at Ask not Bid...a 4 pip spread will kill you in scalping unless you are the best scalper that ever lived
Ohh Ok Thnx soo much wwwin, I didnt understood that. Its just I analyze the charts with FXCM MT4 cuz of the indicators I modified, and use the micro platform cuz i like the way it works with oneclick trading, so I never noticed that fact before. Thnx Again!!
  • #1,186
  • Jun 22, 2010 1:34am Jun 22, 2010 1:34am
Quoting BarrySDCA
does not surprise me. We have had this advisory outstanding regarding FXCM issues open since February 23, 2010. Issues were noticed before then.
According to that site, FXCM uses the Boston bridge? Isn't that the one that bucketshops use to scam their clients? It would certainly explain all the problems people are having with the FXCM MT4.
  • #1,187
  • Jun 22, 2010 9:30am Jun 22, 2010 9:30am
Quoting Midnight05
Hey there Jason Ive been following this trend because a friend of mine recommended me to go with fxcm, but right now am testing the MTS2 and well i posted an order here with tp on 5 pips as you can see in the pic, of course when i put the order the first line draws at the price where your trade will be at...

Hi Midnight,

Just remember that for your short positions, the closing order is a buy. Therefore the buy (ask) price needs to reach your limit price, and you can toggle between the bid and ask by clicking on the B & A buttons at the top of the chart as wwwin mentioned. The spread during this time was fluctuating between 2.5 to 3, so the bid price on the chart you are viewing would have had to reach around 0.87720 - 0.87725 depending on the spread at the time.

Feel free to post any questions, regardless of how basic you may think they are . Everyone was new at some point.

-Jason
  • #1,188
  • Jun 23, 2010 4:14am Jun 23, 2010 4:14am
I created a demo account and downloaded a demo platform. I really like the interface and the simplicity of the platform but I'm afraid to set a live account from what I've read (not only here but on other forums as well).
  • #1,189
  • Jun 23, 2010 9:13am Jun 23, 2010 9:13am
The King of the Micro winners for the month of May have been announced. Here's the announcement along with trading report and survey for the winners on DailyFX http://www.dailyfx.com/forex/fxcm_ne...ng_of_the.html .


Some of you previously asked about the names of the King of the Micro winners. The names are actually listed in the press release updated on DailyFX, something I had overlooked previously.


The King of the Micro contest for July starts June 30th (next Wednesday) at 5:00pm EDT.
  • #1,190
  • Jun 24, 2010 12:31pm Jun 24, 2010 12:31pm
Jason,
i have question regarding the FXCM MT4 platform, dose it use the same price feed as in TS2 or is it a different feed?

are prices on both platforms identical through all market conditions?

many thanks indeed,
Mali
  • #1,191
  • Jun 24, 2010 12:45pm Jun 24, 2010 12:45pm
Quoting mali
Jason,
i have question regarding the FXCM MT4 platform, dose it use the same price feed as in TS2 or is it a different feed?

are prices on both platforms identical through all market conditions?

many thanks indeed,
Mali
Hi Mali,

The spread on the MT4 accounts have a 1/10th of a pip mark-up compared to the FX Trading Station II. Other than that the price feeds are the same.

A benefit of the new Strategy Trader platform is that there will be no 1/10th pip mark-up like on our MT4 offering.

-Jason
  • #1,192
  • Jun 24, 2010 2:05pm Jun 24, 2010 2:05pm
Quoting Jason Rogers
Hi Mali,

The spread on the MT4 accounts have a 1/10th of a pip mark-up compared to the FX Trading Station II. Other than that the price feeds are the same.

A benefit of the new Strategy Trader platform is that there will be no 1/10th pip mark-up like on our MT4 offering.

-Jason
From linked post "Uses C# for coding, easy to hookup and debug in visual studio"

Why would a trader have to debug the software? you should beta test it before it making public to get rid of the bugs yourself.
Also, are you saying that the source code for the software will be available? That is the only way to "hook up and debug in visual studio" or else the executable would have to be decompiled to be able to be "hook up and debug in visual studio". I doubt that a high % of traders have the programming skills and the software to decompile this to hook it up in visual studio.

Also, what is the programming language that the client can use to program EAs or Stratey Testers as you call them , or will client side EAs would not be possible to program?
  • #1,193
  • Jun 24, 2010 2:22pm Jun 24, 2010 2:22pm
Quoting wwwin
From linked post "Uses C# for coding, easy to hookup and debug in visual studio"

Why would a trader have to debug the software? you should beta test it before it making public to get rid of the bugs yourself.

Also, what is the programming language that the client can use to program EAs or Stratey Testers as you call them , or will client side EAs would not be possible to program?
Hi wwwin,

The debugging feature is for traders to debug their strategy code so they fix any errors with their coding.

The platform is currently going through beta testing before public release. Here's where you can sign up to join the beta group http://www.fxcm.com/lp-strategy-trader-beta.html . All feedback about platform bugs are welcome and greatly appreciated. The platform is tentatively scheduled for release within the next two months. Any FX Trading Station II account (with hedging disabled) can login to Strategy Trader. We recommend using it with a demo during beta testing so you can familiarize yourself with the platform, but there's nothing to stop you from logging in with the live account. Hedging has to be disabled because the platform is based on exchange execution, so only long or short a currency pair.

The programming language for the platform is C#. It is not a stripped down version of C# but the whole "kit and caboodle" if you like. Traders will be able to create and share strategies much like they do currently with EA's and custom scripts. Additionally, if you look in the Navigation window on the platform, there's a Marketplace folder which we plan to develop for traders to share their strategies. We're still putting together the nuts and bolts as far as how the Marketplace will work, how to get your strategy included, etc.

-Jason
  • #1,194
  • Jun 24, 2010 2:30pm Jun 24, 2010 2:30pm
Quoting Jason Rogers
Hi wwwin,

The debugging feature is for traders to debug their strategy code so they fix any errors with their coding.

The platform is currently going through beta testing before public release. Here's where you can sign up to join the beta group http://www.fxcm.com/lp-strategy-trader-beta.html . All feedback about platform bugs are welcome and greatly appreciated. The platform is tentatively scheduled for release within the next two months. Any FX Trading Station II account (with hedging disabled) can login to Strategy Trader....
OK, got it, thanks, so the Strategy Advisors are also programmed in C#. Are there built in technical indicators as in MQL to easily use in Advisors, such as these
http://docs.mql4.com/indicators

to be easily used in EAs or would these have to be programmed from scratch in C#
  • #1,195
  • Jun 24, 2010 2:53pm Jun 24, 2010 2:53pm
Quoting wwwin
OK, got it, thanks, so the Strategy Advisors are also programmed in C#.
Exactly!

Quote
Are there built in technical indicators as in MQL to easily use in Advisors, such as these
http://docs.mql4.com/indicators

to be easily used in EAs or would these have to be programmed from scratch in C#

This is one of the last major things we're working on to have ready for the full launch. The release of Strategy Trader will coincide with the launch of a new programming wiki website. The wiki will have all of this information to help you with programming your strategy.

There are 155 indicators and 50 pre-loaded strategy advisors included with the platform. If you see an indicator missing you would like added, let me know and we can see about having it added. Ichimoku is one that we need to add.
  • #1,196
  • Jun 24, 2010 3:42pm Jun 24, 2010 3:42pm
Quote
Any FX Trading Station II account (with hedging disabled) can login to Strategy Trader.

any chance to test it with "hedging enabled" ? (FXCM UK or FXCM FR)
  • #1,197
  • Jun 24, 2010 3:42pm Jun 24, 2010 3:42pm
FYI...I'm out of the office tomorrow, and will answer any questions when I return on Monday.

Cheers!

Jason
  • #1,198
  • Jun 24, 2010 3:49pm Jun 24, 2010 3:49pm
Quoting duxis
any chance to test it with "hedging enabled" ? (FXCM UK or FXCM FR)
Ok, one more post before leaving

You could use an FXCM UK or FXCM FR account, but hedging would have to be disabled first through www.myfxcm.com .

If you try to login with a hedging enabled account, an error message will pop up. We're not able to modify this due to the platform using exchange execution. Exchange execution makes the platform compatible for possible use with futures and equities trading.
  • #1,199
  • Jun 29, 2010 9:21am Jun 29, 2010 9:21am
Announcements for this week:

Strategy Trader:
Q&A Webinar scheduled for July 1st @ 2pm EDT (6pm GMT). Webinar can be accessed 5 minutes before the start time by clicking here .


DailyFX News Coverage:
Here's the schedule for this week's live trading webinars from DailyFX:

 

  1. Tue (Jun 29th, 10:00 EST) – US Consumer Confidence (JUN) with David Song
  2. Wed (Jun 30th, 19:50 EST) – Japanese Tankan Index (2Q) with Ilya Spivak
  3. Thu (Jul 1st, 10:00 EST) – ISM Manufacturing (JUN) with David Rodriguez
  4. Fri (Jul 2nd, 8:30 EST) – US Change in NFPs (JUN) with John Kicklighter



US July 4 Holiday Trading Hours:

For forex....The US July 4 holiday will not impact forex trading hours this weekend. Forex trading will close on Friday at 4:00pm EDT and open on Sunday at 5:15pm EDT. However, the holiday may impact overall trading volume and market volatility, especially considering Friday is NFP.

For CFD's...trading will be closed for the following CFD products on Monday July 5th during the following hours:
US30, SPX500, and NAS100 trading is closed from 11:30am until 6:00pm EDT. USOil and UKOil trading is closed from 1:15pm until 6:00pm EDT.

You will be able to modify stops and limits on CFD's during these periods.


Rollover
Today's rollover for CAD and HKD pairs is 5 times normal amounts. There will be no rollover for CAD and HKD pairs on Wednesday (June 30).

  • #1,200
  • Jun 30, 2010 5:11am Jun 30, 2010 5:11am
How do we know when our Micro accounts at FXCM are NDD?
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