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  • #1,321
  • Aug 29, 2010 8:12pm Aug 29, 2010 8:12pm
Nah, you don't need to be a customer. Been using their demo accounts for months.
  • #1,322
  • Aug 29, 2010 8:12pm Aug 29, 2010 8:12pm
Quoting Forexia
Haha, I think what that newer platform is. I think. Do I have to be an FXCM customer in order to use Marketscope?
No, you don't; I'm with dbFX. You do need to be a customer of a broker that uses their platform, which is a small list... sorry, I don't have an exhaustive list.
  • #1,323
  • Aug 29, 2010 8:33pm Aug 29, 2010 8:33pm
Quoting fxoxford
Jason can you address this issue?
Are you there?

A more concerning issue for me is:

As a US citizen who hold both Standard/micro UK accounts will I be forced to move my accounts back to FXCM US, and the mandatory 10:1 leverage being shoved down our throats by the Dodd-Frank Bill?
  • #1,324
  • Aug 30, 2010 12:13am Aug 30, 2010 12:13am
Quoting Slack
No, you don't; I'm with dbFX. You do need to be a customer of a broker that uses their platform, which is a small list... sorry, I don't have an exhaustive list.
Would I be able to get access to their feed of market stats also? Who would know this exhaustive list?
Make your losses in demo. Earn your profits live.
  • #1,325
  • Edited 2:11am Aug 30, 2010 12:45am | Edited 2:11am
Quoting Forexia
Would I be able to get access to their feed of market stats also? Who would know this exhaustive list?
I'm not sure what you mean by market stats? Do you mean data feed, i.e., price data? If yes, you can only get access by opening a Demo acct, which is good for only 30 days. I just remembered something else. I think (?) they have a $10,000 min to open a live acct., so I'm not sure if this is too high for you. Correction: it is $5,000, not 10.

FXCM has micro accounts, but I have no experience trading with them. dbFX only uses their software, but owns and controls their own data feed.

With what limited knowledge I have, I believe dbFX is the broker who uses this platform and has their own data feed. If I'm correct, that would mean any other broker would just be a middleman between the trader and FXCM. It might be best to go direct if you go this route.
  • #1,326
  • Aug 30, 2010 9:50am Aug 30, 2010 9:50am
Quoting pilotui
The updates look great!

A more concerning issue for me is:

As a US citizen who hold both Standard/micro UK accounts will I be forced to move my accounts back to FXCM US, and the mandatory 10:1 leverage being shoved down our throats by the Dodd-Frank Bill?
Quoting fxoxford
Jason can you address this issue?
Hi pilotui and fxoxford,

We are uncertain about the approach the CFTC will take now that Dodd-Frank has been passed. FXCM has been in constant contact with regulators throughout the legislative process and we are confident the CFTC will issue their final rules in the coming weeks. Charlie Delano, FXCM's Director of Government Affairs, was on Robert Green's conference call webcast a couple weeks ago discussing the regulations, and you can find the podcast recording through Robert Green's site http://www.greencompany.com/Educatio...Meetings.shtml . Charlie gives an overview of the regulatory situation about 22:45 minutes/seconds into the podcast and touches on the issue of US residents trading through non-US entities at 44:20 minutes/seconds into the podcast. Again, the CFTC has not given us any indication at this point on how US residents trading with overseas entities will be affected. In regards to the 10:1 leverage proposal, Charlie says that judging from public reaction and the negative reception from Congress, we're optimistic that the 10:1 leverage will be scaled back.

Once the final rules are released, it will clear up for all of us what the CFTC plans to do. What Charlie discusses in the podcast is the extent to what is known at this point, and FXCM will come out with a formal statement notifying customers of what the rules mean for the future when they are released.

-Jason
  • #1,327
  • Aug 30, 2010 10:04am Aug 30, 2010 10:04am
Quoting Turveyd
Strategy looks interesting, I'd need S10 charts to automate mine, but would this have Tick charts ?? if so could likely work around it
Hi Turveyd,

Strategy Trader has tick charts and second charts. The time frames are fully customizable as well, so you can choose tick chart, 5 tick chart, 320 tick chart, 1 second chart, 30 second chart, you name it. See image below, I outlined in green where to find the time frame options.

http://img833.imageshack.us/img833/6...rticksecon.png


If you don't see the timeframe you want listed, then type it into the field at the top right of the platform that says "Type a symbol/interval" (ie 520 tick, 37 seconds, 19 minutes, etc.)

-Jason
  • #1,328
  • Aug 30, 2010 10:13am Aug 30, 2010 10:13am
Quoting sonicpunk32
I agree.

Finally! Someone made it. Semafors and tick volume on the FXTS2 platform... I never thought I'd see the day. This is awesome.
FXCodeBase.com is a great resource for Marketscope indicators, and if something is missing, I'm sure Nikolay would be interested in hearing suggestions.

Both FXCodeBase and ForexCodeSource.com have the indicator source code in LUA if you want to make modifications. Forex Code Source gives the additional source code in C# if you want to compare LUA vs. C# or modify the indicator for Strategy Trader.

See this page at the top http://www.forexcodesource.com/index...ory:Indicators , you can choose either "Indicator - Lua" or "Indicator - C# - Strategy Trader" depending on the programming language you want to view it in.

-Jason
  • #1,329
  • Aug 30, 2010 10:19am Aug 30, 2010 10:19am
Quoting Jason Rogers
Hi pilotui and fxoxford,

We are uncertain about the approach the CFTC will take now that Dodd-Frank has been passed....
Thank you Jason, very much. It's good know that you guys are fully engaged on this issue!

Cheers

Darren
  • #1,330
  • Aug 30, 2010 10:26am Aug 30, 2010 10:26am
Jason, I only have the dynamic TSL option on the new software, how do I get the "Step" TSL option to show?
  • #1,331
  • Aug 30, 2010 10:28am Aug 30, 2010 10:28am
Quoting kon5t
Jason, I only have the dynamic TSL option on the new software, how do I get the "Step" TSL option to show?

Me Too
  • #1,332
  • Aug 30, 2010 3:04pm Aug 30, 2010 3:04pm
Quoting kon5t
Jason, I only have the dynamic TSL option on the new software, how do I get the "Step" TSL option to show?
Quoting pilotui
Me Too
This should now be fixed. There was a setting that had to be enabled from our side which allows both the step and dynamic trailing stop. If you don't see the option, can you logout/login and it should be there.

Please let me know if you still don't see it after logging out / logging in.

-Jason
  • #1,333
  • Aug 30, 2010 4:06pm Aug 30, 2010 4:06pm
So need to contact fxcm to turn on the option to see them ?
  • #1,334
  • Aug 30, 2010 4:24pm Aug 30, 2010 4:24pm
Quoting MoreYummy
So need to contact fxcm to turn on the option to see them ?
Hi MY,

No need to contact us. The option should automatically be enabled. Below is an image of what the trailing stop should look like. When you first open the Stop Order window it will display "none" for trailing stop. Clicking on the word non will display a menu for Dynamic and Fixed.

http://img827.imageshack.us/img827/9...ngstopmenu.png


If for some reason you still don't see Fixed in the menu, please contact client services so we can investigate.

-Jason
  • #1,335
  • Aug 31, 2010 7:29pm Aug 31, 2010 7:29pm
CFTC's final rules were laid down yesterday. I'm confused here, what will FXCM UK do with their existing, and future, US accounts?
  • #1,336
  • Edited 9:37am Sep 1, 2010 1:33am | Edited 9:37am
Quoting sonicpunk32
CFTC's final rules were laid down yesterday. I'm confused here, what will FXCM UK do with their existing, and future, US accounts?
WHEN will FXCM make a public statement like IBFX's all hope is lost, arse kissing concession to the CFTC?

Please say never...(now would be a good William Wallace Braveheart speech man)
  • #1,337
  • Sep 1, 2010 2:30pm Sep 1, 2010 2:30pm
Quoting sonicpunk32
CFTC's final rules were laid down yesterday. I'm confused here, what will FXCM UK do with their existing, and future, US accounts?
Sonicpunk and pilotui,

Thanks for your patience in us getting a response back to you.

There have been conflicting interpretations on what will happen to US residents trading with non-US brokers, which is why we are requesting more clarification from the NFA/CFTC. It is our goal to make sure the information we release is in line with the NFA/CFTC rules before making a formal statement.

Once we have further clarification, I will notify you immediately via the forum, and you can also email me at [email protected] to receive immediate notification by email as well.

-Jason
  • #1,338
  • Sep 1, 2010 2:48pm Sep 1, 2010 2:48pm
Quoting Jason Rogers
Sonicpunk and pilotui,

Thanks for your patience in us getting a response back to you....
Well it should be good news for US citizens with UK accounts because there is NOTHING in the CFTC rules that has anything to do with overseas accounts. It only deals with US accounts.
  • #1,339
  • Sep 1, 2010 3:50pm Sep 1, 2010 3:50pm
Please see FXCM's formal statement below. More information will be released as we receive clarification from the NFA and CFTC:


The U.S. Commodity and Futures Trading Commission (CFTC) recently announced final rules regarding off-exchange retail forex trading which will take effect October 18th 2010, and FXCM would like to address some questions concerning the new rules.

FXCM has reviewed the new rules and has already been in correspondence with both the CFTC and the NFA in order to obtain interpretive guidance on some of the provisions. Our goal is to provide our clients and the forex community with clear and correct information as to how accounts with FXCM LLC will be impacted. At present, we are still awaiting clarification regarding a particular a provision of the Dodd-Frank financial reform statute enacted on July 21, 2010 and the impact it could have on certain accounts held at overseas affiliates.

However, below is the information we can share.

1.Leverage will be reduced as of October 18, 2010

Starting October 18, 2010, the maximum leverage available with FXCM LLC for trading will be 50:1 for major currency pairs and 20:1 for non-major currency pairs.

We believe that the reduction in leverage is a reasonable compromise from the initial CFTC proposal of 10:1 leverage. FXCM does believe lower leverage will be to the benefit of traders as higher leverage can often times result in a few losing trades offsetting many winning trades. FXCM has already implemented 50:1 as the default margin setting on FXCM LLC standard accounts, although traders still have the option to change margin levels upon request to 100:1 leverage with FXCM LLC. As of Oct 18th 2010, FXCM will comply with the new maximum leverage requirements.

Please note: The change in maximum leverage allowed only pertains to accounts held with the FXCM LLC (U.S.) entity.

2.As of October 18, 2010 all referring brokers introducing business to registered FCMs or Retail Foreign Exchange Dealers will be required to formally register with the CFTC as introducing brokers and become NFA members.

In anticipation of this rule, FXCM has already initiated procedures to be in compliance as of October 18th. At present, all Introducing Brokers to FXCM LLC are either registered with the CFTC as IBs or pending registration.

FXCM will continue to follow up with the CFTC and NFA regarding developments related to the implementation of the CFTC’s new rules and provide you with advance notice of future changes.

If you have any additional questions, please do not hesitate to contact FXCM client services staff 24 hours a day.
  • #1,340
  • Sep 3, 2010 12:54pm Sep 3, 2010 12:54pm
US Labor Day Holiday & Trading Hours

Monday September 6th is the US Labor Day holiday. Forex trading hours will remain the same despite the holiday, opening at the regular time of 5:15pm ET on Sunday.

For traders with FXCM UK and FXCM Australia, trading hours for some CFD* products will be modified due to the holiday. Here's the list of CFD products affected along with the corresponding change in trading hours:

•US 30, SPX 500 and NAS 100 (US indices) will close at 11:30 AM EST and re-open at 6 PM EST.
•US Oil will close at 1:15 PM EST and re-open at 6 PM EST.
•UK Oil will close at 1:30 PM EST and re-open at 8 PM EST.


*CFD trading not available for US residents
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