FXCM Discussion | Page 387 | 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

  • #7,721
  • Jun 9, 2015 1:07am Jun 9, 2015 1:07am
Hi Jason,

Does FXCM UK accept SIPP accounts ?
If so, which SIPP providers does FXCM work with ?

Thanks
  • #7,722
  • Jun 9, 2015 1:53am Jun 9, 2015 1:53am
Funny to hear the same complaints over and over about metatrader.

Puzzling to imagine why brokers prefer to spend money on tech support, royalties, etc than compete with metatrader.

FXCM a multimillion dollar company claiming to be the number one in America and still having to depend on those "vodka heads" a** holes coders from Russia.

All FXCM ( or any broker out there) has to do is to design an easy way to code indicators. THAS IT !!

People would flood their virtual gates.

Metatrader still exists, and maybe ONLY still exists because a guy called CODERS GURU once decided to write a decent tutorial on how to code MQL4.

Lots of people learned it and you can find any possible imaginable EA and indicator out there.

Now why brokers don't give some beer and pot to some coder. To code something easy, so people can code their own indicators is beyond me!!!!!
So, you think you have rights? LOL
  • #7,723
  • Jun 9, 2015 6:33am Jun 9, 2015 6:33am
Quoting ForexOracle
Funny to hear the same complaints over and over about metatrader. Puzzling to imagine why brokers prefer to spend money on tech support, royalties, etc than compete with metatrader. FXCM a multimillion dollar company claiming to be the number one in America and still having to depend on those "vodka heads" a** holes coders from Russia. All FXCM ( or any broker out there) has to do is to design an easy way to code indicators. THAS IT !! People would flood their virtual gates. Metatrader still exists, and maybe ONLY still exists because a guy called...
TradingStation II/Marketscope is ok for some users, but no for all of us. There is a big problem in Marketscope: You can't interact with objects in the chart created by its own tools.

You can't write code to perform simple tasks as resize a rectangle or enhance the Andrew's Pitchfork tool.

With annoying limitations like these, it is truly difficult to choose TradingStation II/Marketscope over MT4.

There are things that I like about Marketscope, but at the end I want to have the ability to perform my analysis and then to place my trades without issues and without the need to use other charting software.
  • #7,724
  • Jun 9, 2015 1:00pm Jun 9, 2015 1:00pm
Quoting Jason Rogers
{quote} Hi Hatzius, Did you designate Trade Interceptor as the introducing broker on your account application? If so, then you should be able to contact them for details regarding the security features of their app to decide whether you want to use it for your trading.
Thanks, Jason!
I already have an account with Fxcm and was wondering if using their app, by providing them my full info, will be in conflict with how you guarantee the security of my account.
Quick question: if I don't open a new account through them, will that be free as their demo does? If you don't have time to answer, maybe someone already using them may enlighten me.
  • #7,725
  • Jun 9, 2015 1:11pm Jun 9, 2015 1:11pm
Quoting jsr
{quote} TradingStation II/Marketscope is ok for some users, but no for all of us. There is a big problem in Marketscope: You can't interact with objects in the chart created by its own tools. You can't write code to perform simple tasks as resize a rectangle or enhance the Andrew's Pitchfork tool. With annoying limitations like these, it is truly difficult to choose TradingStation II/Marketscope over MT4. There are things that I like about Marketscope, but at the end I want to have the ability to perform my analysis and then to place my trades without...
I use them both.
When it comes to tradestation mobile, let me tell you that I don't remember a single time where I were able to generate a trade idea based on it. You cannot modify macd, adding more than two indicators makes everything blurry, etc. At least, I'm able to check up on my running positions and get in or out based on tape action (with good latency in my experience). This is another point - improve your mobile platform (everybody has a smartphone).
  • #7,726
  • Edited 2:13pm Jun 9, 2015 2:03pm | Edited 2:13pm
Quoting Mingary
Hi Jason, Does FXCM UK accept SIPP accounts ?
Yes Mingary, the minimum to open a SIPP account is 10k.

Quoting Mingary
If so, which SIPP providers does FXCM work with ? Thanks
If you send me a private message with your contact details, I can send you the SIPP application instructions which includes a list of accepted providers.
  • #7,727
  • Jun 9, 2015 2:32pm Jun 9, 2015 2:32pm
Quoting jsr
{quote} TradingStation II/Marketscope is ok for some users, but no for all of us. There is a big problem in Marketscope: You can't interact with objects in the chart created by its own tools. You can't write code to perform simple tasks as resize a rectangle or enhance the Andrew's Pitchfork tool. With annoying limitations like these, it is truly difficult to choose TradingStation II/Marketscope over MT4. There are things that I like about Marketscope, but at the end I want to have the ability to perform my analysis and then to place my trades without...
Thats what I'm saying. They would have to come up with something relatively easy so most people that want can learn and code.

I learned MQL4 based on coders guru tutorial. I'm not a good coder but I can code pretty much what I need.

FXCM either don't care or didn't get it yet.

The money wasted on metatrader fees and tech support due to bugs would be more than enough to pay a decent coder to design a interface where anybody could write their indicators or EA.

But again I don't think they care. Or it is just plain stupidity.

Based on what happened on the SNB fiasco, you can conclude FXCM's CEO is not the brightest guy around, so I would say they don't do it out of plain dumbness.
So, you think you have rights? LOL
  • #7,728
  • Jun 9, 2015 6:25pm Jun 9, 2015 6:25pm
Quoting ForexOracle
All FXCM ( or any broker out there) has to do is to design an easy way to code indicators. THAS IT !! People would flood their virtual gates. Metatrader still exists, and maybe ONLY still exists because a guy called CODERS GURU once decided to write a decent tutorial on how to code MQL4. Lots of people learned it and you can find any possible imaginable EA and indicator out there. Now why brokers don't give some beer and pot to some coder. To code something easy, so people can code their own indicators is beyond me!!!!!
Different traders have different needs. That's why, in addition to MT4, we provide our clients with other platform options for coding indicators and automated strategies such as Trading Station and NinjaTrader which use the Lua and C# programming languages respectively.

There are even forums like FxProgrammers.com and FxCodeBase.com where programmers share their knowledge about coding for these platforms. Those who require further assistance in writing code can get such help from our Programming Services department: http://bit.ly/1pmnWsB
  • #7,729
  • Jun 9, 2015 6:29pm Jun 9, 2015 6:29pm
Quoting jsr
{quote} TradingStation II/Marketscope is ok for some users, but no for all of us. There is a big problem in Marketscope: You can't interact with objects in the chart created by its own tools. You can't write code to perform simple tasks as resize a rectangle or enhance the Andrew's Pitchfork tool. With annoying limitations like these, it is truly difficult to choose TradingStation II/Marketscope over MT4. There are things that I like about Marketscope, but at the end I want to have the ability to perform my analysis and then to place my trades without...
Quoting ForexOracle
{quote} Thats what I'm saying. They would have to come up with something relatively easy so most people that want can learn and code.
Quoting hatzius
{quote} I use them both. When it comes to tradestation mobile, let me tell you that I don't remember a single time where I were able to generate a trade idea based on it. You cannot modify macd, adding more than two indicators makes everything blurry, etc. At least, I'm able to check up on my running positions and get in or out based on tape action (with good latency in my experience). This is another point - improve your mobile platform (everybody has a smartphone).
Thanks for your feedback regarding Trading Station Desktop and Trading Station Mobile. I've shared it with our software developers.
  • #7,730
  • Jun 9, 2015 7:34pm Jun 9, 2015 7:34pm
Quoting hatzius
{quote} Thanks, Jason! I already have an account with Fxcm and was wondering if using their app, by providing them my full info, will be in conflict with how you guarantee the security of my account. Quick question: if I don't open a new account through them, will that be free as their demo does? If you don't have time to answer, maybe someone already using them may enlighten me.
Hi Hatzius,

I will check with our introducing broker department regarding your question and let you know what they say.
  • #7,731
  • Jun 9, 2015 7:47pm Jun 9, 2015 7:47pm
Quoting Jason Rogers
{quote} {quote} {quote} Thanks for your feedback regarding Trading Station Desktop and Trading Station Mobile. I've shared it with our software developers.

Well, Jason, there is another issue, and it's very important. Marketscope has a limit of 15000 bars per timeframe.

I usually perform analysis in m1 charts and in some pairs I have m1 data available since 2007. Of course, it's mt4 and another broker.

I can't do that with marketscope and FXCM.

I know theree is an API to retrieve historical data and an app (which I now have) that let us download data, but you can't use it in Marketscope.

So, what's the point in having a platform that makes users look for solutions/answers in data from other brokers and software from other providers?
  • #7,732
  • Jun 9, 2015 9:21pm Jun 9, 2015 9:21pm
Quoting Jason Rogers
{quote} Different traders have different needs. That's why, in addition to MT4, we provide our clients with other platform options for coding indicators and automated strategies such as Trading Station and NinjaTrader which use the Lua and C# programming languages respectively. There are even forums like FxProgrammers.com and FxCodeBase.com where programmers share their knowledge about coding for these platforms. Those who require further assistance in writing code can get such help from our Programming Services department: http://bit.ly/1pmnWsB...
LOL !! See how you guys can't get it!!

Metatrader became what it is because a guy called coders guru wrote a understandable tutorial so the regular guy could do it.

The regular guy will not go through a 500 page C# book to learn how to code indicators for your flipping platform.

They need either a simple tutorial as coder guru did.

Or if C# is too complex for a simple tutorial people need a visual interface, or something relatively simple to the lay man to do it.

The first platform that manages to get their head out of their butts and come up with something similar will be embraced by the masses and instead of paying fees will collect it, because they will become the next metatrader in terms of acceptance.
So, you think you have rights? LOL
  • #7,733
  • Jun 10, 2015 2:13am Jun 10, 2015 2:13am
Quoting Jason Rogers
{quote} Yes Mingary, the minimum to open a SIPP account is 10k. {quote} If you send me a private message with your contact details, I can send you the SIPP application instructions which includes a list of accepted providers.

ok
  • #7,734
  • Jun 10, 2015 3:51am Jun 10, 2015 3:51am
Just wondering, what happened this week with the price feed?

It's being like this all the time since moonday.

We can say that the spread are not soo competitive right now
Attached Image
  • #7,735
  • Edited 5:34am Jun 10, 2015 4:44am | Edited 5:34am
tunera,

the same problem on my FXCM MT4 since Sunday Opening.

The spread changes quickly between low numbers and high numbers as one can see from tunera's chart.
The spread on TS is o.k., the problem is only on MT4.

Please Jason comment on this.
  • #7,736
  • Jun 10, 2015 7:09am Jun 10, 2015 7:09am
Quoting jogi100
tunera, the same problem on my FXCM MT4 since Sunday Opening. The spread changes quickly between low numbers and high numbers as one can see from tunera's chart. The spread on TS is o.k., the problem is only on MT4. Please Jason comment on this.
yes on ts they looks ok, the problem is that (correct me if i'm wrong) the spread that matter (for execution) is the one of MT4, not of ts.
So, whenever you are buying or sell there is a 50% chances that you are getting filled with the "bad" spread.

I guess it's something that is not going to last forever though, but it's already a few days..
  • #7,737
  • Jun 10, 2015 5:16pm Jun 10, 2015 5:16pm
Quoting jsr
{quote} Well, Jason, there is another issue, and it's very important. Marketscope has a limit of 15000 bars per timeframe. I usually perform analysis in m1 charts and in some pairs I have m1 data available since 2007. Of course, it's mt4 and another broker. I can't do that with marketscope and FXCM. I know theree is an API to retrieve historical data and an app (which I now have) that let us download data, but you can't use it in Marketscope. So, what's the point in having a platform that makes users look for solutions/answers in data from other...
Quoting ForexOracle
{quote} LOL !! See how you guys can't get it!! Metatrader became what it is because a guy called coders guru wrote a understandable tutorial so the regular guy could do it. The regular guy will not go through a 500 page C# book to learn how to code indicators for your flipping platform. They need either a simple tutorial as coder guru did. Or if C# is too complex for a simple tutorial people need a visual interface, or something relatively simple to the lay man to do it. The first platform that manages to get their head out of their butts and come...
Thanks for this additional feedback, guys

Perhaps our developers can increase the maximum number of bars on Marketscope in a future update for those charts. I'll also let them know of your request for some more basic tutorials on writing code for Trading Station beyond what's currently available on sites like FxCodeBase.com and FxProgrammers.com.
  • #7,738
  • Jun 10, 2015 5:24pm Jun 10, 2015 5:24pm
Quoting hatzius
{quote} Thanks, Jason! I already have an account with Fxcm and was wondering if using their app, by providing them my full info, will be in conflict with how you guarantee the security of my account. Quick question: if I don't open a new account through them, will that be free as their demo does? If you don't have time to answer, maybe someone already using them may enlighten me.
Hi Hatzius,

I followed up with our introducing broker department regarding your question about Trade Interceptor. They advised me that while many traders do use their platform to trade FXCM accounts, you are entrusting your account details with a third party whenever you use their platform to access your account. This is something you must take into account when using a third party platform provider. I encourage you to read through their risk disclosures and ask them about what security steps they take to protect your information before deciding whether you want to use their services.

In order to get free access to their platform to trade an FXCM account, you must designate them as your introducing broker on your account application. You would have to ask them directly if they have any other payment options to use their platform on a live account, if you do not wish to have them as your introducing broker.
  • #7,739
  • Edited 9:19am Jun 11, 2015 7:46am | Edited 9:19am
Quoting Jason Rogers
{quote} Hi Hatzius, I followed up with our introducing broker department regarding your question about Trade Interceptor. They advised me that while many traders do use their platform to trade FXCM accounts, you are entrusting your account details with a third party whenever you use their platform to access your account. This is something you must take into account when using a third party platform provider. I encourage you to read through their risk disclosures and ask them about what security steps they take to protect your information before...
Jason what about the mt4 spread problem, it is still dancing up and down (eurusd right now ranging between a 0.3 and 2.5pips spread), did somebody on fxcm noticed this problem?

Edit:
Update: i just found out that by using TS to enter and exit trades the trades are executed at the right bid-ask (the ones of TS), if use mt4 instead the trades are executed at the "crazy" bid-ask prices.
Seems like by using TS to manage the trades is the way to go.
  • #7,740
  • Jun 11, 2015 11:06am Jun 11, 2015 11:06am
Quoting tunera
Seems like by using TS to manage the trades is the way to go.
I'm using an MT4-EA, so this is not a solution for me.

The EA trades also in accordance with the spread.

So Jason when will this problem be solved?
24 traders viewing now