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  • #4,121
  • Jan 6, 2014 3:56pm Jan 6, 2014 3:56pm
Another question:

I just opened an Active Trader demo. I bought 100k AUD/USD which used 2400 margin and no commissions (it actually has to charge comms)

I opened the same position with regular NDD demo account (non-Active Trader) margin was 600.

why?
always draw trendlines
  • #4,122
  • Jan 6, 2014 4:02pm Jan 6, 2014 4:02pm
Quoting jsr
HI Jason. What happened to the data of 29,30 and 31 of december? It is missing in the charts. I'm in a TSII (Marketscope) real account. Is this an error at my side/pc or is it a problem other people is facing too? In demo MT4 data is ok.
Hi Jsr,

This is a display issue on our end affecting the Trading Station platform. The Marketscope charts seem to have been thrown off by the fact that we closed trading in the middle of last week for the New Year's holiday. Our tech team is currently investing this problem. As you mentioned, if the meantime, you can use a demo on our MT4 platform to see charts for those missing days. I apologize for the inconvenience and will post updates as I receive them.

Jason
  • #4,123
  • Jan 6, 2014 4:18pm Jan 6, 2014 4:18pm
Thanks for your reply Jason.
  • #4,124
  • Jan 6, 2014 4:47pm Jan 6, 2014 4:47pm
Quoting tk5
{quote} 1. so, all your NDD accounts are STP/ECN and margins are fixed (as low as 400 for XAU)? trying to understand your NDD accounts and how they are different from Active Trader. 2. what is maximum Leverage for NDD accounts?
All Active Trader accounts use NDD forex execution but with transaction costs (spread + commission) that are about 40% lower than for standard NDD accounts. The available leverage/margin requirements are the same for Active Trader and standard accounts both NDD and DD. By default, FXCM UK accounts have a margin requirement of about 0.5% resulting in a maximum leverage of about 200:1.

However, as you saw with gold, since the margin requirements don't fluctuate day-to-day with price changes, the exact leverage can be slightly higher for some CFDs and slightly lower for others. Our CFD product guide will show you the exact margin requirements for all CFDs which you can then use to calculate the exact leverage available to you based on current prices.
  • #4,125
  • Jan 6, 2014 4:56pm Jan 6, 2014 4:56pm
Quoting tk5
Another question: I just opened an Active Trader demo. I bought 100k AUD/USD which used 2400 margin and no commissions (it actually has to charge comms) I opened the same position with regular NDD demo account (non-Active Trader) margin was 600. why?
It sounds like you registered for an Active Trader demo from our FXCM US website. US accounts have higher margin requirements to comply with CFTC regulations that limit leverage on forex trades to 50:1. I notice that your forum profile mentions that you live in the Solomon Islands. That means you can open an account with FXCM Australia where the margin requirement to trade 100k AUD/USD is only $600. You can sign up for a free Active Trader demo on our FXCM Australia website.
  • #4,126
  • Jan 6, 2014 5:03pm Jan 6, 2014 5:03pm
Quoting Jason Rogers
{quote} It sounds like you registered for an Active Trader demo from our FXCM US website. US accounts have higher margin requirements to comply with CFTC regulations that limit leverage on forex trades to 50:1. I notice that your forum profile mentions that you live in the Solomon Islands. That means you can open an account with FXCM Australia where the margin requirement to trade 100k AUD/USD is only $600. You can sign up for a free Active Trader demo on our FXCM Australia website.

I actually opened with FXCM UK (it maybe US as well, I checked browsing history)
..so 1:200 (all pairs) is max for UK and also for Australia?

another strange is - on web trading station (Active trader) I couldnt find XAU/USD in list of symbols.
always draw trendlines
  • #4,127
  • Jan 6, 2014 5:05pm Jan 6, 2014 5:05pm
Quoting Jason Rogers
{quote} Hi Tobijohn, The error you described indicates that you're using an old version of the app called "Daily Candles in EST". If you delete that app, you can install the latest version called "New York Close". This app takes into account when the US switches to and from Daylight Savings Time, so you won't see that Saturday candle. ...Jason
Sorry, no luck. I did have the latest installed but went ahead and downloaded and re-installed it. Same problem - there's a Saturday 1/4/14 bar. However FWIW, there are no previous Saturday bars....
  • #4,128
  • Edited Jan 7, 2014 2:39am Jan 6, 2014 11:46pm | Edited Jan 7, 2014 2:39am
Hello,
Could you please shed some light on what appears to be a massive spike, then upwards move in the same bar?
Whereas, some provider's show it and other's don't.
Thanks.
XT-
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XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,129
  • Jan 7, 2014 1:02am Jan 7, 2014 1:02am
Quoting XTrade
called "STOP HUNTING" How silly am I! LOL w a i t i n g.
Perhaps if you go to the news section of this site you will see articles about a sudden drop in Gold.
  • #4,130
  • Jan 7, 2014 2:37am Jan 7, 2014 2:37am
Quoting mitch77
{quote} Perhaps if you go to the news section of this site you will see articles about a sudden drop in Gold.
Yeah, read all that.. It's always after the fact. I checked three 3rd party providers and finally came up with a spike so I am retracting my comments to
FXCM. Except for one.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #4,131
  • Jan 7, 2014 5:09am Jan 7, 2014 5:09am
Quoting Jason Rogers
{quote} Hi Jsr, This is a display issue on our end affecting the Trading Station platform. The Marketscope charts seem to have been thrown off by the fact that we closed trading in the middle of last week for the New Year's holiday. Our tech team is currently investing this problem. As you mentioned, if the meantime, you can use a demo on our MT4 platform to see charts for those missing days. I apologize for the inconvenience and will post updates as I receive them. Jason
Problem is fixed.

Thanks!
  • #4,132
  • Edited 12:49pm Jan 7, 2014 12:36pm | Edited 12:49pm
Quoting tk5
I actually opened with FXCM UK (it maybe US as well, I checked browsing history) ..so 1:200 (all pairs) is max for UK and also for Australia? another strange is - on web trading station (Active trader) I couldnt find XAU/USD in list of symbols.
If your demo account was limited to 50:1 leverage, then you must have set it up on our FXCM US website. Both FXCM UK and FXCM Australia accounts allow approximately 200:1 leverage. The web-based Active Trader platform with market depth will only allow you to trade forex. If you want to trade CFDs for metals, energy or stock indices, then you will have to use our Trading Station platform, which is available in desktop, web and mobile versions.

You can get a free Trading Station demo account with Active Trader pricing and 200:1 leverage on our FXCM Australia website. This demo will allow you to trade forex and CFDs including gold (XAU/USD). NOTE: The demos set up from this link will show you the spreads including our Active Trader mark up, so there is no additional commission on top of the spread you see. That spread would be your only transaction cost for placing a trade. If you would prefer to trade using a spread + commission structure, you can contact email [email protected] to request an Active Trader demo with our raw spreads.
  • #4,133
  • Jan 7, 2014 2:00pm Jan 7, 2014 2:00pm
Quoting tobijohn
{quote} Sorry, no luck. I did have the latest installed but went ahead and downloaded and re-installed it. Same problem - there's a Saturday 1/4/14 bar. However FWIW, there are no previous Saturday bars....
Hi Tobijohn,

I tried replicating the error you described on my own MT4 platform but was unable to do so. Please try the steps below and let me know if that resolves the issue for you.

  1. Go to Tools > History Center
  2. Go to Forex > EURUSD > 1 Hour (H1)
  3. Highlight all data on right-hand side and Delete
  4. Create a new EURUSD 1 Hour chart
  5. Apply the New York Close custom indicator to create a new Daily chart

http://img163.imageshack.us/img163/9941/8yhc.png



Jason
  • #4,134
  • Jan 7, 2014 3:07pm Jan 7, 2014 3:07pm
Quoting XTrade
Hello, Could you please shed some light on what appears to be a massive spike, then upwards move in the same bar? Whereas, some provider's show it and other's don't. Thanks. XT- {image} {image} {image} {image}
Hi XTrade,

The price spike in gold yesterday was confirmed by several news sources including Bloomberg and the Wall Street Journal, but there are different theories about the exact cause: "According to Nanex, a trade of about 4,200 contracts sent February gold tumbling by $30 an ounce on heavy volume at around 10:14 a.m. Eastern and triggered a 10-second trading halt. Prices fell from about $1,245 to around $1,215 an ounce in just moments."

I can only speak for FXCM in saying that our prices are based on what we receive from our liquidity providers which include several of the largest banks in the world, and they confirmed the price spike. If you found charts from another source that didn't show the spike, then it's possible their prices don't update in real time to reflect where the market is actually trading.

Jason
  • #4,135
  • Jan 7, 2014 3:18pm Jan 7, 2014 3:18pm
Quoting jsr
{quote} Problem is fixed. Thanks!
Hi Jsr,

I was about to post a follow up for you on the chart issue you mentioned to say just that. Glad to hear the charts are displaying correctly for you now. Sorry again for the inconvenience.

Jason
  • #4,136
  • Jan 7, 2014 5:45pm Jan 7, 2014 5:45pm
Quoting Jason Rogers
{quote} Hi Tobijohn, I tried replicating the error you described on my own MT4 platform but was unable to do so. Please try the steps below and let me know if that resolves the issue for you. Go to Tools > History Center Go to Forex > EURUSD > 1 Hour (H1) Highlight all data on right-hand side and Delete Create a new EURUSD 1 Hour chart Apply the New York Close custom indicator to create a new Daily chart {image} Jason
There's actually twelve folders in the History Center, all containing different pairs. I found EURUSD in Forex11 but there was no data whatsoever in the right pane to delete. Same with the pairs in all the other folders. Maybe I should just rename my FXCM MT4 folder, reinstall and copy over my indicators and templates.....
  • #4,137
  • Jan 7, 2014 7:03pm Jan 7, 2014 7:03pm
Quoting tobijohn
{quote} There's actually twelve folders in the History Center, all containing different pairs. I found EURUSD in Forex11 but there was no data whatsoever in the right pane to delete. Same with the pairs in all the other folders. Maybe I should just rename my FXCM MT4 folder, reinstall and copy over my indicators and templates.....
Did you try double clicking on EURUSD in the History Center to see if that folder would expand to show more data?
  • #4,138
  • Jan 7, 2014 7:11pm Jan 7, 2014 7:11pm
Quoting Jason Rogers
{quote} Did you try double clicking on EURUSD in the History Center to see if that folder would expand to show more data?
Actually, no. But I just did, highlighted and deleted all the 1H data in the right pane, followed your instructions above and I still get that Saturday bar. I'm going to reinstall a fresh copy of MT4 later this week and see if that solves the problem...
  • #4,139
  • Jan 8, 2014 5:49am Jan 8, 2014 5:49am
Hi Jason.

I've noticed that sometimes MT4 shows a gap that is not present in TSII/Marketscope. Why is that? Gaps play an important role in trading.

See this example in XAU/USD.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusd20140108_H1_TSII.png Size: 48 KB
Click to Enlarge Name: xauusd20140108_H1_MT4.png Size: 25 KB
  • #4,140
  • Jan 8, 2014 8:30am Jan 8, 2014 8:30am
Hi Jason thanks for the response.

Spot trading at first glance appeared that I was only finding the spike on a couple MT4 brokers and FXCM.
Yet, I did research a couple more third party providers I trust and did indeed find the spike.
(I didn't find the same spike on CME bar charts, yet perhaps they have been updated now - I'd need to check)

Now in retrospect, after hearing about the "halt" It is obvious the market would get skewed after.

I don't dispute FXCMs providers or feed. It appeared to be just an MT4 stop hunt at first. So I figured I would enquire as many here were wondering why
the data was varied significantly between sources.

Resistance and sell stops were expected at 1250 yet, not a dip to 1215 after, which no doubt triggered stops long and short.

Thanks for the explanation on your end. This does happen from time to time with gold when certain parties see a fit opportunity to push the market around
and wipe out the stops So - I'm sure you can understand peoples' inquires into the matter.

Sincerely,
XT-

Quoting Jason Rogers
{quote} Hi XTrade, The price spike in gold yesterday was confirmed by several news sources including Bloomberg and the Wall Street Journal, but there are different theories about the exact cause: "According to Nanex, a trade of about 4,200 contracts sent February gold tumbling by $30 an ounce on heavy volume at around 10:14 a.m. Eastern and triggered a 10-second...
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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