FXCM Discussion | Page 138 | 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

  • #2,741
  • Apr 26, 2012 4:12pm Apr 26, 2012 4:12pm
Quoting Caesar95
Jason,

What time does the daily bar closed on demo server? Was it GMT 0 or GMT +1?
Hi Caesar,

If you are using the MT4 platform, the daily bars close at midnight GMT, and the GMT offset is 0. If you are using the Trading Station, the daily bars close at 5pm New York time. Since the US is currently on Daylight Savings Time that corresponds to 9pm GMT.

Jason
  • #2,742
  • Apr 27, 2012 4:13pm Apr 27, 2012 4:13pm
Why does trading close at 4:55 and not at 4:59?
Also, why does the spread increase by so much just before the close?
AUD/USD changed from 2.7 spread to 11.3 and EUR/AUD went from I think 3.7 to 19.1, this happens every Friday, thanks!
  • #2,743
  • Apr 30, 2012 6:03pm Apr 30, 2012 6:03pm
Just a heads up for everyone.

The following indices will be closed for trading on May 1st due to the holiday in Europe: GER30, FRA40, ITA40, SWE30 and SUI30.

Normal trading hours will resume on May 2nd.
  • #2,744
  • May 1, 2012 9:07am May 1, 2012 9:07am
Quoting Selgin
Why does trading close at 4:55 and not at 4:59?
Also, why does the spread increase by so much just before the close?
AUD/USD changed from 2.7 spread to 11.3 and EUR/AUD went from I think 3.7 to 19.1, this happens every Friday, thanks!
Hi Selgin,

Great questions. The 5pm closing time is actually an approximation. The quoted hours for the Trading Desk are from Sunday 5:15pm ET to Friday at 4:55pm ET. Orders placed prior may be filled until 5:00pm. Also, liquidity at that time can be very thin which is why you can see spreads widen especially on crosses like EUR/AUD. Trading used to close every Friday at 4:00pm ET, but the hours were extended based on requests from our traders.

You can read more about this in the Trading Desk Hours section on this page.

Jason
  • #2,745
  • May 1, 2012 1:11pm May 1, 2012 1:11pm
Hi Everyone,

Due to the Golden Week holidays in Japan, all Yen crosses will have 5 days’ worth of rollover interest today except for GBP/JPY which will have 6 days’ worth.

For example, that means if you buy 10k of GBP/JPY and keep the trade open through 5pm New York time today, you will earn $0.66 or 66 cents. On the flip side, if you sell 10k of GBP/JPY and hold that trade open through 5pm, you will pay $1.56. You can always check what amount of rollover you can earn or pay for holding a particular currency pair through 5pm by looking at the RollS and RollB on the Trading Station.

http://img849.imageshack.us/img849/8...lover2012m.png

And to keep track of when holidays will affect the number of days of rollover, you can look at the Rollover Calendar at DailyFX.com

Jason
  • #2,746
  • May 2, 2012 12:39pm May 2, 2012 12:39pm
FXCM will be offering Copper CFDs soon.

Let's hope they'll add some mores this year.
  • #2,747
  • May 2, 2012 2:41pm May 2, 2012 2:41pm
Segregated Funds -

Does this mean that funds that are not being actively traded are held in a segregated account for the customer AND in the event of bankruptcy of FXCM UK, the client would get ALL of their fund that are held in the segregated account back?

Does FXCM use any of our funds for their own purposes?

Does FXCM trade currency themselves and therefore susceptable to huge losses that may imperil their ability to continue as a company?

Minimum CAD -

I was signing up with a manager for my account meta4 with FXCM UK. I have not yet heard back from them, but according to the money manager, I must deposit $250K CAD if I want my account in CAD and yet the FXCM info on meta4 states 2k min CAD is required for account?

So where does 250K come from?
  • #2,748
  • May 2, 2012 4:30pm May 2, 2012 4:30pm
Jason I am interested in participating in the Ninja Trader FXCM testing but as a Junior member I can't send private messages also will you be offering Mini-Accounts/micro accounts w/ Ninja Trader
  • #2,749
  • Edited 1:31pm May 3, 2012 1:28pm | Edited 1:31pm
Quoting nemo100
Segregated Funds -

Does this mean that funds that are not being actively traded are held in a segregated account for the customer AND in the event of bankruptcy of FXCM UK, the client would get ALL of their fund that are held in the segregated account back?

Does FXCM use any of our funds for their own purposes?

Does FXCM trade currency themselves and therefore susceptable to huge losses that may imperil their ability to continue as a company?

Minimum CAD -

I was signing up with a manager for my account meta4 with FXCM UK. I...
Hi Nemo,

Accounts with FXCM UK are segregated in accordance with FSA client money rules. That means, FXCM does not use client funds for our operational expenses, and in the unlikely event of bankruptcy, client funds held in segregated accounts are protected, and cannot be used to benefit other creditors. Furthermore, since FXCM UK is regulated by the FSA, you money is protected by the Financial Services Compensation Scheme for up to £50,000. You can read more about this at the FSCS website.

In regards to your question about CAD accounts, it could be possible that the money manager requires a certain minimum balance in order to manage the account, but it’s hard to say without knowing full details about the money manager. It’s probably best for you to ask the money manager directly to get a specific answer. Keep in mind $2k CAD is the minimum for a self-traded account.

Jason
  • #2,750
  • May 3, 2012 1:33pm May 3, 2012 1:33pm
Quoting waza1960
Jason I am interested in participating in the Ninja Trader FXCM testing but as a Junior member I can't send private messages also will you be offering Mini-Accounts/micro accounts w/ Ninja Trader
Hi Waza,

You can send me an email with your name and contact details to [email protected]

Jason
  • #2,751
  • May 4, 2012 2:18pm May 4, 2012 2:18pm
Hi Everyone,

UK100 will be closed for trading from 07:00 to 20:00 GMT on Monday, May 7th for the bank holiday. All other CFDs, and all currency pairs will have normal trading hours.

Times below are GMT (EDT +4 hours).

http://img11.imageshack.us/img11/204...y2012may04.png

Have a great weekend!

Jason
  • #2,752
  • May 8, 2012 1:58am May 8, 2012 1:58am
Hi Jason,

Are the spreads remain the same in ipad and android tablet?
And, I read a review from the fxcm android tablet site that says fxcm charges .10 cent for every micro lot traded. Is it true?

Thank you.
  • #2,753
  • May 8, 2012 10:16am May 8, 2012 10:16am
Quoting ctleong
Hi Jason,

Are the spreads remain the same in ipad and android tablet?
And, I read a review from the fxcm android tablet site that says fxcm charges .10 cent for every micro lot traded. Is it true?

Thank you.
Hi CT,

The spreads on the Trading Station Tablet apps are the same as on the Trading Station Desktop. If you have a micro account, you will be charged a 10 cent commission per microlot in addition to the spread for trades placed via the tablet or mobile phone apps.

If your micro account has a balance of at least $2000, you can upgrade to a standard account to trade on the tablet and mobile apps commission-free. You will still be able to trade microlots on the standard account. Click here to upgrade your account: http://www.forexmicrolot.com/transfe...t-form-ltd.jsp

Jason
  • #2,754
  • May 8, 2012 11:02am May 8, 2012 11:02am
[quote=Jason Rogers;5627186]Hi Everyone,


Hi Jason

Can Trading Station II be set to G.M.T. ?

Thanks

Stu
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #2,755
  • May 8, 2012 1:56pm May 8, 2012 1:56pm
Quoting Stu Effex
Hi Jason

Can Trading Station II be set to G.M.T. ?

Thanks

Stu
Hi Stu,

Yes, you can set the Trading Station to GMT (Greenwich Mean Time), but it's referred to as UTC (Universal Time, Coordinated) on the platform. On the Menu bar at the top left go to System > Options.

http://img543.imageshack.us/img543/9...e2012may08.png

Then from the Options window click on General Trading on the left-hand side. On the right-hand side you will see "View format of time" which you can change to UTC, and hit OK.

Jason
  • #2,756
  • May 9, 2012 1:31am May 9, 2012 1:31am
Quoting Jason Rogers
Hi Stu,

Yes, you can set the Trading Station to GMT (Greenwich Mean Time), but it's referred to as UTC (Universal Time, Coordinated) on the platform. On the Menu bar at the top left go to System > Options.

http://img543.imageshack.us/img543/9...e2012may08.png

Then from the Options window click on General Trading on the left-hand side. On the right-hand side you will see "View format of time" which you can change to UTC, and hit OK.

Jason
Hi Jason

Thanks for reply. OK to be more specific I was hoping to synchronize candle open and close as well. Not just displaying GMT. IE: 4Hr Candles Open 2401 hrs GMT Close 0400 hrs gmt, open 0400 hrs GMT close 0800 hrs GMT, Open 0800 hrs GMT Close 1200 hrs GMT. Open 1200hrs Close 1600 hrs GMT.

Thanks

Stu
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #2,757
  • May 9, 2012 12:26pm May 9, 2012 12:26pm
Quoting Stu Effex
Hi Jason

Thanks for reply. OK to be more specific I was hoping to synchronize candle open and close as well. Not just displaying GMT. IE: 4Hr Candles Open 2401 hrs GMT Close 0400 hrs gmt, open 0400 hrs GMT close 0800 hrs GMT, Open 0800 hrs GMT Close 1200 hrs GMT. Open 1200hrs Close 1600 hrs GMT.

Thanks

Stu
Hi Stu,

Thanks for clarifying. Unfortunately, the Trading Station candles will only start counting from the beginning of a new trading day which is 5pm New York time, or 2100 GMT. On a 4-hour chart, the candles will always start at 2100, 0100, 0500, 0900, 1300 and 1700 GMT.

You might like to know that on our MT4 platform the candles start counting from 0000 GMT. If you were to view a 4-hour chart there, you would see the candles start at 0000, 0400, 0800, 1200, 1600 and 2000 GMT. MT4 account logins also work on the Trading Station for those who want to use both platforms.

Jason
  • #2,758
  • May 14, 2012 4:11am May 14, 2012 4:11am
Hi Jason,

I tried to use FXCM MT4 UK to check some historical prices but the prices seem to be from the Metatrader server instead of FXCM server.

Can you please post the USD/JPY 1 minute low price from

10/31/2011, 01:40 GMT - FXCM Trading Station time / 10/30/2011, 21:40 ET - FXCM MT4 time

to

10/31/2011, 01:47 GMT - FXCM Trading Station time / 10/30/2011, 21:47 ET - FXCM MT4 time
  • #2,759
  • May 14, 2012 5:44pm May 14, 2012 5:44pm
Quoting titanmelvin
Hi Jason,

I tried to use FXCM MT4 UK to check some historical prices but the prices seem to be from the Metatrader server instead of FXCM server.

Can you please post the USD/JPY 1 minute low price from

10/31/2011, 01:40 GMT - FXCM Trading Station time / 10/30/2011, 21:40 ET - FXCM MT4 time

to

10/31/2011, 01:47 GMT - FXCM Trading Station time / 10/30/2011, 21:47 ET - FXCM MT4 time
Hi Melvin,

Just to clarify, it's actually the Trading Station that uses Eastern time, while the MT4 platform uses GMT. On a one-minute chart from 01:40 to 01:47 GMT on 10/13/2011, the lowest price occurred during the 01:40 candle. The lowest bid price was 78.369, and the lowest ask price was 78.401. The MT4 charts can only show the bid price.

Were you using this data to backtest a strategy? If so, our Programming Services department has data that can go further back than MT4.

Jason
  • #2,760
  • May 15, 2012 2:05am May 15, 2012 2:05am
Quoting Jason Rogers
Hi Melvin,

Just to clarify, it's actually the Trading Station that uses Eastern time, while the MT4 platform uses GMT. On a one-minute chart from 01:40 to 01:47 GMT on 10/13/2011, the lowest price occurred during the 01:40 candle. The lowest bid price was 78.369, and the lowest ask price was 78.401. The MT4 charts can only show the bid price.

Were you using this data to backtest a strategy? If so, our Programming Services department has data that can go further back than MT4.

Jason
Hi Jason,

Thanks for the info but I wasn't clear enough that I wanted the low for each minute on MT4, for example:

01:40 low is 78.xx
01:41 low is 78.xx
01:47 low is 78.xx

I did contact Programming Services but they replied saying that I needed to make a $5000 deposit to get it for free. Is this a one time deposit or can I make a few deposits amounting to $5000?
11 traders viewing now