FXCM Discussion | Page 101 | Metals Mine

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

FXCM with Sierra Charts - Discussion and alternatives 8 replies

Elliott Waves discussion 4 replies

FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: FXCM Discussion
Exit Attachments

FXCM Discussion

  • #2,001
  • Aug 1, 2011 11:27pm Aug 1, 2011 11:27pm
Quoting Jason Rogers
Hi arasheed,

It is possible, but you will need to install a second instance of MT4 in a new location on your computer.

Whenever you install FXCM's MT4, it will install MT4 in the following location Crogram FilesFXCM MT4 powered by BT. Whenever you install MT4 a second time, create a new folder into which you install MT4. This will allow you to open two separate instances of MT4 to login to two different accounts.

-Jason
It has been my experience that once you install MT4, you do not need to re-install it in the conventional manner - simply by drag & drop, which makes an identical copy, you can clone MT4 as many times as you want. Naturally, Windows automatically adds a numerical name extra to each folder. It is up to you to go in and make a short cut in order to start each program seperately.

For instance, I am currently running 6 x MT4 of the same account, daily charts with strategy 1 with EA, daily charts with strategy 2 with EA, 4 hour chart with EA, 1 hour chart with EA, 15 minutes chart with EA and a general charting set up where it does not affect any of the EA's if I do analysis of different time frames.

Also, I have read recently the recommendation that MT4 is better suited to be installed directly to C: not sure of the technical stuff there, but seems to work OK for me.

The same will work for the same broker and allow you to log into different accounts if you have more than one, eg, live & demo.
OPPORTUNITY IS NOWHERE
  • #2,002
  • Aug 2, 2011 2:24am Aug 2, 2011 2:24am
Mt4 is nicely standalone possible Delphi code just copy your mt4 onto any pc and it will work no install required.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #2,003
  • Aug 2, 2011 3:43am Aug 2, 2011 3:43am
Quoting Turveyd
Mt4 is nicely standalone possible Delphi code just copy your mt4 onto any pc and it will work no install required.
must be an echo in here, thought I just said that
OPPORTUNITY IS NOWHERE
  • #2,004
  • Aug 2, 2011 4:05am Aug 2, 2011 4:05am
Quoting Callisto
must be an echo in here, thought I just said that
Havent got to install it all the run times are in the folder.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #2,005
  • Aug 2, 2011 6:10am Aug 2, 2011 6:10am
Quoting Turveyd
Havent got to install it all the run times are in the folder.
With your word shortage, you didn't explain it very well; I doubt whether any new user of MT4 could decipher what you are talking about, for instance, what is a run time? which folder?
OPPORTUNITY IS NOWHERE
  • #2,006
  • Aug 2, 2011 6:58am Aug 2, 2011 6:58am
Quoting Callisto
With your word shortage, you didn't explain it very well; I doubt whether any new user of MT4 could decipher what you are talking about, for instance, what is a run time? which folder?
The folder your mt4 is installed in.

On phone!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #2,007
  • Edited 4:46am Aug 3, 2011 4:19am | Edited 4:46am
Quoting Callisto
It has been my experience that once you install MT4, you do not need to re-install it in the conventional manner - simply by drag & drop, which makes an identical copy, you can clone MT4 as many times as you want. Naturally, Windows automatically adds a numerical name extra to each folder. It is up to you to go in and make a short cut in order to start each program seperately.

For instance, I am currently running 6 x MT4 of the same account, daily charts with strategy 1 with EA, daily charts with strategy 2 with EA, 4 hour chart with EA, 1 hour...
interesting comment. about running multiple mt4s with the same account #. Is there any stability issues with this?

Also, why would running from C:/metatrader work better than c:/folder1/metatrader
Measure trends automatically with zero lag
  • #2,008
  • Aug 3, 2011 10:37am Aug 3, 2011 10:37am
An update on the upcoming expo in Las Vegas...

Win a Free Trip to the Expo: We're giving away a free trip to the currency trading expo and the prize includes (1) free round-trip ticket and hotel accomodation for a 3 day/ 2 night stay at the Rio. Registration entry along with full contest rules for the contest can be found here http://www.facebook.com/FXCM?sk=app_112813808737465 .


NinjaTrader will be presenting at the expo and hosting a booth. Please stop by if you have any questions about their platform.


Traits of Successful Traders Series: David Rodriguez is hosting a special series of workshops at the expo on Friday September 9th discussing the traits of profitable traders. David has analyzed data from successful trading accounts to create the following workshops:

http://img801.imageshack.us/img801/9...ssfultrade.png



Trading Panel with Steve Nison, Rob Booker, and Jamie Saettele: This special trading panel will be moderated by the host of a certain forex trading TV show that FXCM sponsors on a certain financial TV network. Sorry, can't list names yet, but it's not that hard to figure out from there .

Full expo schedule can be found here: http://www.fxcmexpo.com/schedule/
  • #2,009
  • Edited Aug 4, 2011 1:52am Aug 3, 2011 11:03am | Edited Aug 4, 2011 1:52am
Quoting ybfjax
interesting comment. about running multiple mt4s with the same account #. Is there any stability issues with this?

Also, why would running from C:/metatrader work better than c:/folder1/metatrader
1. Absolutely none, rock solid, MT4 use very little resources (I'm told)

2. Not a computer whiz, again, just what I'm told, no harm trying as MT4 does not depend on any registry to enable it to run, works for me

EDIT:
The broker's software installer will generally give you a choice as to where you wish MT4 to reside. Normally this will be in the Program Files folder on your C drive, however we recommend you install MT4 directly on your PC's "C" drive so that any updates aren't "virtualized" by Windows (particularly Vista and Win 7) into hidden folders, which has the potential to cause problems with program updates.
OPPORTUNITY IS NOWHERE
  • #2,010
  • Edited 4:48am Aug 5, 2011 4:27am | Edited 4:48am
Just got stopped out at a position where price differs from fxcm oanda other brokers by 22pips. maybe other brokers feed soften the spikes or fxcm behaved odd tried to get help but the said it was legitimate you tell me ?
If its how it looke im ok with it but cant find that spike to my position to the exact pip anywhere else. Probably its legitimate but im a paranoid mf. First is FXCM second Interbank last FFs

http://img535.imageshack.us/img535/2415/fxcmx.png

http://img10.imageshack.us/img10/5772/interbankx.png

http://img804.imageshack.us/img804/4118/aggregated.png
Overall im happy with FXCM used them for 2 years, got reimbursed last time
The universe seems neither benign nor hostile, merely indifferent.
  • #2,011
  • Aug 5, 2011 4:47am Aug 5, 2011 4:47am
GO Markets Australia, got all the stops to 1.26, see chart
Attached Image (click to enlarge)
Click to Enlarge Name: spike.gif Size: 31 KB
OPPORTUNITY IS NOWHERE
  • #2,012
  • Aug 5, 2011 4:55am Aug 5, 2011 4:55am
Well i had SL @ 1607 Guess i could of gotten there
The universe seems neither benign nor hostile, merely indifferent.
  • #2,013
  • Edited 5:40am Aug 5, 2011 4:58am | Edited 5:40am
Quoting Callisto
GO Markets Australia, got all the stops to 1.26, see chart
So you saying that crocodile dundee hunted me stop
oh sorry Go markets was a broker
Well yes think I will shop around or boot up my old oanda account tobad ive gotten used to FXCM plattform really liked it
The universe seems neither benign nor hostile, merely indifferent.
  • #2,014
  • Aug 5, 2011 8:40am Aug 5, 2011 8:40am
Quoting Pip_Pirate
If its how it looke im ok with it but cant find that spike to my position to the exact pip anywhere else. Probably its legitimate but im a paranoid mf.
Hi Pip Pirate,

I noticed you are comparing FXCM's chart versus other MT4 charts. The problem with this is that MT4 only displays the bid (sell) price and the Marketscope chart you display is an ask (buy) chart. So this is not a correct representation of where other platforms may have traded considering the spread during this volatile period and your position was a short position. FXCM's marketscope charting has the advantage of being able to switch between bid/ask charts, but this comparison is apples and oranges.

-Jason
  • #2,015
  • Aug 5, 2011 8:48am Aug 5, 2011 8:48am
Dear Jason,

In my opinion, one of the reasons why trader via FXCM don't want to upgrade to standard account, but choosing micro account (as long as their deposit is $10K) is because withdrawal fee tied to account type:

As example:

Standard Account withdrawal fee for International = $40

Micro Account withdrawal fee for International = $15 (first), $25 (second), $35 (third and above) / calendar month

So, does FXCM planning to reduce or waive withdrawal fee for FXCM standard account? Or only impose withdrawal fee after X times of withdrawal per calendar month? Or may be my above fee are wrong, and FXM removed it for standard account long time ago.... http://www.forexfactory.com/images/icons/icon14.gif

Please advices.
  • #2,016
  • Aug 5, 2011 9:02am Aug 5, 2011 9:02am
Quoting zam4ever
Dear Jason,

In my opinion, one of the reasons why trader via FXCM don't want to upgrade to standard account, but choosing micro account (as long as their deposit is $10K) is because withdrawal fee tied to account type:

As example:

Standard Account withdrawal fee for International = $40

Micro Account withdrawal fee for International = $15 (first), $25 (second), $35 (third and above) / calendar month

So, does FXCM planning to reduce or waive withdrawal fee for FXCM standard account? Or only impose withdrawal fee after X times of withdrawal...
Hi Zam,

You bring up a valid point about the wire fee being higher in the standard 10k account. I don't know of plans to change this, but I will bring this to the attention of our operations team.

There are free options for withdrawing funds from the standard 10k account. If you funded the micro account by debit/credit card, which I believe nearly everyone does, you would be able to withdraw the funds back to your debit/credit card for free when you have a standard 10k account. Paper check is also free when requesting a withdrawal from the standard 10k account.

I appreciate the feedback as always.

-Jason
  • #2,017
  • Aug 5, 2011 9:12am Aug 5, 2011 9:12am
Quoting Jason Rogers
Hi Zam,

You bring up a valid point about the wire fee being higher in the standard 10k account. I don't know of plans to change this, but I will bring this to the attention of our operations team.

There are free options for withdrawing funds from the standard 10k account. If you funded the micro account by debit/credit card, which I believe nearly everyone does, you would be able to withdraw the funds back to your debit/credit card for free when you have a standard 10k account. Paper check is also free when requesting a withdrawal from the...
Yes, please bring above withdrawal fee issue to FXCM management, and propose / suggest to them that standard account should enjoying same fee with micro account, or may be lower than that, or may be free for certain amount of withdrawal per calendar month (like first withdrawal). By giving this advantage, I believe it will attract more traders to upgrade their current micro account (as long as their minimum balance is $2000 and willing to change leverage from 1:400 to 1:200) to standard (10K) account.

I'm agree that withdrawal the same deposit amount back to credit / debit card will enjoying $0 fee, which is the best option for trader, but any excessive amount than deposit via cc/dc will need to withdraw through wire transfer, thus above withdrawal fee will be applied to us.

Paper check, I think it is not chosen option by many of international trader (outside US).

Have a nice weekend and looking forward for above issue feedback.
  • #2,018
  • Aug 5, 2011 9:21am Aug 5, 2011 9:21am
Quoting zam4ever
Paper check, I think it is not chosen option by many of international trader (outside US).

Have a nice weekend and looking forward for above issue feedback.
We could mail a check international, but it could take a while depending on wherever in the world you are located. Better off having it sent to your debit/credit card in my opinion if you have the option available.

Have a great weekend also!
  • #2,019
  • Aug 5, 2011 11:38am Aug 5, 2011 11:38am
If you're trading the CHF/JPY, CHF/SEK, or CHF/NOK, please be advised that the margin requirement for these CHF pairs is changing after the close of trading today due to changes in the value of the Swiss Franc.

2.0% margin requirements for 1K lot sizes will be:
(32 USD) for US Dollar denominated accounts.
(22 EUR) for Euro denominated accounts.
(20 GBP) for Pound denominated accounts.
(32 CAD) for Canadian Dollar denominated accounts.
(36 NZD) for New Zealand denominated accounts.
(2,400 JPY) for Japanese Yen denominated accounts.


0.5% margin requirements for 10K lot sizes will be:
(80 USD) for US Dollar denominated accounts.
(55 EUR) for Euro denominated accounts.
(50 GBP) for Pound denominated accounts.
(80 CAD) for Canadian Dollar denominated accounts.
(90 NZD) for New Zealand denominated accounts.
(6,000 JPY) for Japanese Yen denominated accounts.


Again, this only impacts 3 currency pairs: CHF/JPY, CHF/NOK, and CHF/SEK. Let me know if you have any questions.
  • #2,020
  • Aug 5, 2011 11:43am Aug 5, 2011 11:43am
Quoting Jason Rogers
Again, this only impacts 3 currency pairs: CHF/JPY, CHF/NOK, and CHF/SEK. Let me know if you have any questions.
Sometime, I keep wondering how big percentage of traders trading all these exotic pairs. If not private and confidential, in FXCM database, how much % these pairs traded by FXCM traders, comparing with the other pairs? Also I love to see top twenty most traded pairs traded by FXCM traders (although it is not represent global FX trading).

cheers
9 traders viewing now