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FXCM Discussion

  • #1,601
  • Nov 19, 2010 12:15am Nov 19, 2010 12:15am
Hi Jason,

Does FXCM Micro charge an "inactivity fee" if one doesn't trade, let's say, for a month? If it does then how much? Thanks.
  • #1,602
  • Nov 19, 2010 8:00am Nov 19, 2010 8:00am
Quoting skozyuk
I'm testing out some custom EAs using FXCM MT4 demo. How come the order entry TP and SL entry boxes are disabled? If my EA cannot enter TP and SL at the same time order is placed, this is worthless.

Also by not accepting SL at the order entry you are forcing trader to take unprotected position. If the order is executed during high volume, it potentially could be disastrous. Any comments?
Hi skozyuk,

FXCM's MT4 platform is setup with Market Execution, therefore the stop/limit has to be added to the position after the order is executed. Market execution is used (rather than Instant Execution) in order to integrate the platform into our NDD execution. There are multiple discussions on MQL4.com (and I'm sure FF if you search) about programming your EA to make it compatible with market execution (example: http://forum.mql4.com/36116).

For general knowledge, a broker can setup MT4 with either Instant Execution or Market Execution. Instant Execution allows the stop/limit to be attached to the order during creation, but this setup is most often used by market makers. Market Execution requires stops/limits to be added to the order after it has executed, and this setup is most often used by NDD/STP brokers. The functionality was set by Metaquotes and is not something that FXCM can change since we didn't create the platform.

FXCM's Strategy Trader platform does not have this limitation.

-Jason
  • #1,603
  • Nov 19, 2010 8:13am Nov 19, 2010 8:13am
Quoting zonrokoy
Hi Jason,

Does FXCM Micro charge an "inactivity fee" if one doesn't trade, let's say, for a month? If it does then how much? Thanks.
Hi zonrokoy,

FXCM Micro charges no inactivity fees.

-Jason
  • #1,604
  • Nov 21, 2010 12:31am Nov 21, 2010 12:31am
Quoting Jason Rogers
The built-in reports won't combine backtests from multiple currency pairs for portfolio backtesting, but a portfolio backtest EA has been added to the Strategy Trader forum. It can combine multiple backtest for a combined portfolio equity curve.
Can you provide a link to this portfolio backtest EA?

Is it possible to import tick data (as opposed to bar data) into the platform for backtesting purposes?

What are the differences between FXCM Strategy Trader and MultiCharts' MCFX?
  • #1,605
  • Nov 22, 2010 9:09am Nov 22, 2010 9:09am
Quoting Hyper
Can you provide a link to this portfolio backtest EA?

Is it possible to import tick data (as opposed to bar data) into the platform for backtesting purposes?

What are the differences between FXCM Strategy Trader and MultiCharts' MCFX?
Hi Hyper,

Here's the direct link to where you can find the portfolio backtester EA http://forexforums.dailyfx.com/free-...acktester.html .

It is possible to import tick data into the platform. As far as where to get that tick data, I know we originally had plans to make historical tick data available but we ran into logistical problems in making it available. NDD generates about 4 times as many ticks as some dealing desk firms, so you're looking at massive amounts of data that would have to be transmitted.

Strategy Trader can access 500,000 bars of historical data directly from the server which is about a weeks worth of tick data. If you need more historical tick data, the programming services can provide it at a cost, and they will manually upload it to you via ftp server or mail you a usb drive. Again this isn't done to be restrictive but rather because it's a fairly intensive process. Also, there is one minute bar data for many of the pairs going as far back as 2001 http://forexforums.dailyfx.com/free-...tml#post549446. Their email address is [email protected] if you would like to request more information.

MCFX was one of multiple developers that helped work on the Strategy Trader project but I don't have any details on the differences between the two. Strategy Trader was built by FXCM for NDD execution and according to our specifications including open source C# for coding.

-Jason
  • #1,606
  • Edited 2:00pm Nov 22, 2010 12:42pm | Edited 2:00pm
This Thursday Nov. 25, 2010 is the U.S. Thanksgiving Day holiday. Below are important announcements regarding trading hours and rollover.

Forex
There are NO CHANGES to forex trading hours. Forex trading will continue without interruption until the normal close time of 4:00pm ET on Friday. Even though there are no changes to trading hours, please be aware that there may be less liquidity due to the holiday which could affect market volatility and spreads.


CFD's
Certain CFD products will have modified trading hours due to the holiday. Below is a table and all times are in ET (New York time).

http://img813.imageshack.us/img813/6...10115435am.png



Rollover

Due to bank holidays this week, there will be 4X rollover on Tuesday Nov. 23rd and 0 rollover on Wednesday Nov. 24th. You can find the monthly rollover calendar on DailyFX www.dailyfx.com/frollover. For reference, I have a tutorial for the rollover calendar here http://www.forexfactory.com/showpost...&postcount=566 . Please let me know if you have any questions or if anything is unclear.


Lastly, I will be out of the office starting tomorrow (Tuesday Nov 23rd). Any questions posted after today will be answered on Monday Nov. 29th.

Cheers!

-Jason
  • #1,607
  • Nov 22, 2010 10:40pm Nov 22, 2010 10:40pm
Hi Jason,

Would it be possible that the USD index chart gets added to the FXCM TSII?

Thanks
Enter Signature
  • #1,608
  • Nov 23, 2010 5:28am Nov 23, 2010 5:28am
Alpari’s shareholders have no intention to sell Alpari prior to the planned IPO in 2014. There are no ongoing discussions on this subject despite the huge interest from private equity funds and banks. Alpari is one of the best capitalised FX brokers in the world. Alpari (UK) and Alpari (US) alone have capital approaching $85m, and there is no need for us to be looking for additional liquidity.

Alpari Group is very profitable, and has been growing exponentially from starting as a small FX broker 12 years ago to becoming one of the largest FX brokers in the world with monthly turnover in excess of $145 bn. More than 330,000 clients have opened live accounts with Alpari. We now have over 30 offices in 13 different countries and are servicing more than 150 countries through the London Headquarters of our Global Operations, with further expansion planned.

We have offices in London, New York, Boston, Frankfurt, Shanghai, Mumbai, Dubai, Moscow and other major financial centres worldwide.

We are regulated in 6 countries by the most reputable authorities such as FSA, NFA, BaFin, DED, SEBI.

We are also members of 7 exchanges:

 

  1. DGCX in Dubai
  2. MCX, NSE & USE in India,
  3. MICEX, RTS Stock Exchange and St. Petersburg exchange in Russia.

With regards to alparifx.com, Alpari does not own this domain name. Alpari considers this to be a very serious matter and our legal advisors are currently considering all options.

Alpari

  • #1,609
  • Nov 23, 2010 3:04pm Nov 23, 2010 3:04pm
Hi Jason,

Thanks for adding XAU/USD & XAG/USD to the UK FXCM micro accounts. Any chances for oil too? That will be the icing on the cake.

Also is there an update on the FXCM MTSII? Sorry but the 5m chart is very basic offering compared with what the competition has to offer i.e. SWFX Trader, etc,

Cheers
Nectarios
  • #1,610
  • Edited 10:34pm Nov 23, 2010 4:15pm | Edited 10:34pm
Quoting Alpari UK
More than 330,000 clients have opened live accounts with Alpari.
That's because you play fair. You have good spreads. Much better than FXCM. You compete on the market by offering a quality service.

On the other side there are obviously shitty brokers that offer poor service and outrageous spraeds to clients. These shitty brokers (FXCM) use your name to promote their crappy business.

How pathetic.
  • #1,611
  • Nov 24, 2010 4:54am Nov 24, 2010 4:54am
Quoting Jason Rogers
It is possible to import tick data into the platform. As far as where to get that tick data, I know we originally had plans to make historical tick data available but we ran into logistical problems in making it available. NDD generates about 4 times as many ticks as some dealing desk firms, so you're looking at massive amounts of data that would have to be transmitted.
I already have many GBs of tick data (e.g. over 5GB for EURUSD), so where and how to get it is not a problem. What I want to confirm is that the platform itself can work with large amounts of tick data without issue. Have you guys actually tried importing over 5GB of tick data and ran backtests over it?


Quoting Jason Rogers
MCFX was one of multiple developers that helped work on the Strategy Trader project but I don't have any details on the differences between the two. Strategy Trader was built by FXCM for NDD execution and according to our specifications including open source C# for coding.
The main disadvantage I see of Strategy Trader is that there is no portfolio backtesting function. MultiCharts has it, however their MCFX edition does not. So I am considering to use MultiCharts instead.
  • #1,612
  • Nov 24, 2010 5:45am Nov 24, 2010 5:45am
Quoting Hyper
So I am considering to use MultiCharts instead.
Good choice,

With MC you will have more broker options.
  • #1,613
  • Nov 28, 2010 2:26pm Nov 28, 2010 2:26pm
why is my chart corrupt?
Attached Image (click to enlarge)
Click to Enlarge Name: eunov29.jpg Size: 140 KB
  • #1,614
  • Nov 29, 2010 8:51am Nov 29, 2010 8:51am
Quoting johninthai
Hi Jason,

Would it be possible that the USD index chart gets added to the FXCM TSII?

Thanks
Hi John,

The USD Index indicator or chart won't be added into TSII in the next update, and I haven't heard of any plans to include it as of yet. Best bet is to add the custom indicator directly into Marketscope using the instructions from this post http://www.forexfactory.com/showthre...90#post4179390 .

-Jason
  • #1,615
  • Nov 29, 2010 9:00am Nov 29, 2010 9:00am
Quoting Nectarios
Hi Jason,

Thanks for adding XAU/USD & XAG/USD to the UK FXCM micro accounts. Any chances for oil too? That will be the icing on the cake.

Also is there an update on the FXCM MTSII? Sorry but the 5m chart is very basic offering compared with what the competition has to offer i.e. SWFX Trader, etc,

Cheers
Nectarios
Hi Nectarios,

Yes, the plan is to add oil and stock indices to the FXCM UK micro accounts as well. The date is not yet determined, but if I had to guess, I would say early 2011.

No updates planned at the moment for the mobile TSII that I know of. I'll check on any progress with updates, and send along your suggestion for more chart time-frames.

-Jason
  • #1,616
  • Nov 30, 2010 7:07am Nov 30, 2010 7:07am
Quoting Jason Rogers
Hi John,

The USD Index indicator or chart won't be added into TSII in the next update, and I haven't heard of any plans to include it as of yet. Best bet is to add the custom indicator directly into Marketscope using the instructions from this post http://www.forexfactory.com/showthre...90#post4179390 .

-Jason
Thanks, will give it a go.
Enter Signature
  • #1,617
  • Nov 30, 2010 10:37pm Nov 30, 2010 10:37pm
Not sure if you want to get into this but I have a question not directly related to the FXCM platform et al.

I have been using ATR to figure my stops. I only trade off of daily charts and I use the much maligned MA cross.

My question is this: using daily charts what multiple of ATR would be acceptable? i have been using straight 1:1 ATR but find I get stopped fairly often. On the other hand if I catch a trend the profits rack up fairly quickly and if you are patient and can endure the draw down you will inevitably catch a trend.

I want to optimize and am thinking 1.5 x ATR for a stop. I use other indicators that are not relevant for this discussion but it is working.

Help if you can.
  • #1,618
  • Dec 1, 2010 9:22am Dec 1, 2010 9:22am
Quoting sloanman
Not sure if you want to get into this but I have a question not directly related to the FXCM platform et al.

I have been using ATR to figure my stops. I only trade off of daily charts and I use the much maligned MA cross.

My question is this: using daily charts what multiple of ATR would be acceptable? i have been using straight 1:1 ATR but find I get stopped fairly often. On the other hand if I catch a trend the profits rack up fairly quickly and if you are patient and can endure the draw down you will inevitably catch a trend.

I want...
Hey Sloanman,

Your observation is spot on in that a tighter stop (lower ATR multiple) means a retracement in the trend is going to knock you out of the trade more often. Finding the optimal ratio is the hard part since setting the multiple too large could also mean you're giving up some of the profit in the event of a reversal in the trend.

My best suggestion is to automate the moving average cross with an ATR stop then run backtest optimization to figure out the optimal ATR multiple. I may be able to get the programming team to set this up on Strategy Trader. You could then plug in your own variables for backtesting. I'll send you a private message on how to go about this.

-Jason
  • #1,619
  • Dec 2, 2010 12:14pm Dec 2, 2010 12:14pm
A momentous day for FXCM! Check out our homepage: http://www.fxcm.com/

Cheers,

Jason
  • #1,620
  • Dec 2, 2010 6:55pm Dec 2, 2010 6:55pm
What I like about FXCM is that I dont have to worry about bs restrictions like not being able to set my tp where I want to; and that the markup is built into the spread so I know when it says I am in profit I am (not having to deduct any commission from "gross" profit)
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