FXCM Discussion | Page 465 | 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

  • #9,281
  • Jul 21, 2016 1:23pm Jul 21, 2016 1:23pm
Quoting bapakjason
{quote} ​right. so is that 23 lots or 11.5 lots (open and close both counted)?
23 round turn (opened and closed) standard (100k) lots :nerd:
  • #9,282
  • Jul 22, 2016 8:37am Jul 22, 2016 8:37am
Hi Jason,

Can i use Trade Explorer from my FXCM MT4 account, I have tried loading it but the computer just goes into deep thought for hours ...

thanks
  • #9,283
  • Jul 22, 2016 9:23am Jul 22, 2016 9:23am
Quoting NoStopsXXL
Hi Jason, Can i use Trade Explorer from my FXCM MT4 account, I have tried loading it but the computer just goes into deep thought for hours ... thanks
Ignore this, solved the problem, by re-opening in Chrome, ...... problem solved
  • #9,284
  • Jul 22, 2016 9:51am Jul 22, 2016 9:51am
Quoting NoStopsXXL
Hi Jason, Can i use Trade Explorer from my FXCM MT4 account, I have tried loading it but the computer just goes into deep thought for hours ... thanks
Quoting NoStopsXXL
{quote} Ignore this, solved the problem, by re-opening in Chrome, ...... problem solved
Hi NoStopsXXL,

While you may have been able to load some info from your FXCM account, you will find the current version of Trade Explorer only lets you see the past 30 days of trade history. That's because our MT4 servers archive the older trade history to improve performance. The only way to access your trade history older than 30 days is through Trading Station reports (as with all FXCM accounts, your MT4 account login works on Trading Station too).

The good news is Forex Factory is working on a new version of Trade Explorer that will be compatible with Trading Station. That means all FXCM clients regardless of the platform they use to trade (Trading Station, MT4, NinjaTrader, Mirror Trader, ZuluTrade, etc.) will be able to use their Trading Station history to load their account info onto Trade Explorer for analysis. For updates on their progress with the new Trade Explorer, you can contact Forex Factory: http://www.forexfactory.com/contact.php
  • #9,285
  • Jul 25, 2016 10:45am Jul 25, 2016 10:45am
Quoting NoStopsXXL
Hi Jason, Can i use Trade Explorer from my FXCM MT4 account, I have tried loading it but the computer just goes into deep thought for hours ... thanks
Quoting NoStopsXXL
{quote} Ignore this, solved the problem, by re-opening in Chrome, ...... problem solved
Quoting Jason Rogers
{quote} {quote} Hi NoStopsXXL, While you may have been able to load some info from your FXCM account, you will find the current version of Trade Explorer only lets you see the past 30 days of trade history. That's because our MT4 servers archive the older trade history to improve performance. The only way to access your trade history older than 30 days is through Trading Station reports (as with all FXCM accounts, your MT4 account login works on Trading Station too). The good news is Forex Factory is working on a new version of Trade Explorer that...

I forgot to mention in my last post that as an FXCM client you have access to our Trading Analytics: http://taweb.fxcorporate.com/
Attached Image (click to enlarge)
Click to Enlarge Name: SHAUBz3.png Size: 150 KB
  • #9,286
  • Jul 25, 2016 3:14pm Jul 25, 2016 3:14pm
Quoting Phylo
{quote} Does this sound like a request - It's worth noting that to this day, some brokers provide Q1, Q2, Q3 & Q4 slippage stats; stats that are ongoing, current, uptodate - or does it sound like notice of what actually represents transparency and credibilty as apposed to desperate rhetorical spin referencing an outdated study of yesteryear. Slippage stats published Q1, Q2, Q3 & Q4 represents current transparency and credibility. A single outdated slippage study from 2013 - 2014 does not measure up to current transparency and credibilty.
Quoting Jason Rogers
{quote} {quote} You make some great points, Phylo, and I apologize for referring to your comments about wanting access to more slippage stats as a request. In our defense and to your credit, you are the first person ever to ask me about this. Like me, I think everyone else assumed one year of data showing FXCM clients receive positive slippage as frequently as negative slippage was as good as the next. I have conveyed your interest in a new and more comprehensive execution study to the higher ups.
Hi Phylo,

As an update to our earlier discussion, I thought you'd like to know FXCM has updated the execution stats on our website through 31 March 2016: http://bit.ly/21hOZa5

Highlights:

  1. 78.71% of all orders had NO SLIPPAGE.
  2. 12.77% of all orders received positive slippage.
  3. 8.52% of all orders received negative slippage.
  4. 50.02% of all limit and limit entry orders received positive slippage.
  5. 39.9% of all stop and stop entry orders received negative slippage.


A more detailed PDF file is included on the webpage, but f you have any follow up questions regarding these data, please let me know.

  • #9,287
  • Jul 27, 2016 10:51am Jul 27, 2016 10:51am
My Expert Advisor tried to open a 2.1 lot buy trade at 06.04.47 this morning (July 27th) at a price of 105.323 (USDJPY). Error off quotes reported.
My expert is programmed to try again after 6 seconds which it did. Again was hit with off quotes.
A third try at 06.05.00 was again refused for off quotes.
Another 5 seconds later the fourth attempt was finally allowed , being 18 seconds after the first try and the price I received was 106.082 which is 76 pips away from the original trade.
Yes I can see it was a large candlestick but 18 seconds without a quote?
Is this normal?
  • #9,288
  • Edited 12:17pm Jul 27, 2016 12:04pm | Edited 12:17pm
Quoting MikeUK
My Expert Advisor tried to open a 2.1 lot buy trade at 06.04.47 this morning (July 27th) at a price of 105.323 (USDJPY). Error off quotes reported. My expert is programmed to try again after 6 seconds which it did. Again was hit with off quotes. A third try at 06.05.00 was again refused for off quotes. Another 5 seconds later the fourth attempt was finally allowed , being 18 seconds after the first try and the price I received was 106.082 which is 76 pips away from the original trade. Yes I can see it was a large candlestick but 18 seconds without...
Hi Mike,

What was your Maximum Deviation setting for this order? If you find you are getting the "Off quotes" message frequently, it could indicate your Maximum Deviation is set too low for the market conditions.

An "Off quotes" message on your MT4 platform doesn't mean there was no quote. It means the price that was available in the market was outside the Maximum Deviation range you specified for your order. Therefore, your order was canceled instead of executing at the available price to prevent you from receiving negative slippage outside your specified tolerance. Slippage is a risk of a trading in any market, with any broker, but FXCM's MT4 platform lets you control how much negative slippage you are willing to accept by adjusting your Maximum Deviation.

For example, suppose your Maximum Deviation is set to 15. That equates to 1.5 pips because each point on Max Dev represents 0.1 pips. With this Max Dev, setting lets suppose you place an order to buy EUR/USD at 1.0990[0]. That means your order can be filled if the available price in the market is 1.0991[5] or lower. If the price available in the market is 1.0991[6] or higher, then your order will be canceled and you will get an "Off quotes" message. This message lets you know your order was canceled because the best price available to fill it would have resulted in negative slippage greater than your specified tolerance of 1.5 pips.

Note that the Maximum Deviation feature on FXCM's MT4 platform only limits your negative slippage, not your positive slippage. Positive slippage is when your order is filled at a better price than you requested. If best price available to filled your order was 1.0988[0] then your order would be executed at this price resulting in 2.0 pips of positive slippage.

My previous post mentions the latest FXCM execution stats regarding positive and negative slippage: http://www.forexfactory.com/showthre...19#post9048719
  • #9,289
  • Jul 27, 2016 12:35pm Jul 27, 2016 12:35pm
I have no setting for slippage or deviation.
Purely a buy now.
Four attempts over 20 seconds and a 76 pip loss fill is not acceptable.
  • #9,290
  • Jul 27, 2016 2:08pm Jul 27, 2016 2:08pm
Quoting MikeUK
I have no setting for slippage or deviation. Purely a buy now. Four attempts over 20 seconds and a 76 pip loss fill is not acceptable.
Unfortunately, there seems to be some confusion. When you say you "have no setting for slippage or deviation", do you mean you unchecked the "Enable maximum deviation from quoted price" box in your Order window?

Attached Image (click to enlarge)
Click to Enlarge Name: maximum deviation 2016 July 27.png Size: 27 KB


If that is the case, please note that leaving that box unchecked is equivalent to having a Maximum Deviation setting of zero pips. That means your orders could only be filled at the exact price you requested. As you noted, the price dropped 76 pips over 20 seconds making it difficult for your orders to get filled without some slippage. However, if your Maximum Deviation settings didn't allow for any negative slippage whatsoever, then your orders would have to be canceled to prevent you from receiving any slippage at all with the price dropping rapidly as you described.
  • #9,291
  • Jul 27, 2016 2:39pm Jul 27, 2016 2:39pm
Yes no slippage setting and default MT4 setting for "enable maximum deviation" is off (unchecked).
So do you recommend setting this at 2 pips say?
  • #9,292
  • Edited 3:42pm Jul 27, 2016 2:54pm | Edited 3:42pm
Quoting MikeUK
Yes no slippage setting and default MT4 setting for "enable maximum deviation" is off (unchecked). So do you recommend setting this at 2 pips say?
There are pros and cons to any Maximum Deviation setting which you as a trader must weigh. A higher Max Dev means fewer orders being canceled due to Off Quotes but potentially more negative slippage. A lower Max Dev means potentially more orders being canceled due to Off Quotes but less negative slippage.

These risks are magnified during news events when prices can change rapidly and the risk of slippage is higher. For this reason, I personally try to avoid trading during news events myself, and use Limit Entry Orders and Stop Entry Orders with Range Entry enabled to open trades: http://www.forexfactory.com/showthre...22#post8552322

That said, if I was a news trader, I would probably set my own Maximum Deviation much higher than 2 pips: at least 10 pips which would equate to 100 points in the Maximum Deviation field of the order window. If that level of Maximum Deviation does not sound appealing to you, then trading during news events may not suit your trading style. It doesn't suit my style; that's for sure.
  • #9,293
  • Jul 27, 2016 3:24pm Jul 27, 2016 3:24pm
Quoting Jason Rogers
Hi Phylo, As an update to our earlier discussion, I thought you'd like to know FXCM has updated the execution stats on our website through 31 March 2016: http://bit.ly/21hOZa5 Highlights: 78.71% of all orders had NO SLIPPAGE.....
Thanks for bringing update to attention.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #9,294
  • Jul 27, 2016 4:56pm Jul 27, 2016 4:56pm
Quoting Phylo
{quote} Thanks for bringing update to attention.
It's my pleasure, Phylo!

Thanks again for telling us you wanted to see more recent execution stats on our website. It's feedback from clients like you that helps FXCM keep improving.
  • #9,295
  • Jul 27, 2016 5:19pm Jul 27, 2016 5:19pm
Hello Jason,

I am using the FXCM trading station on a demo account and I have a question. I don't understand why the prices in GER30 differ from daily basis to 5 minutes chart on 25th of July. Same is true for 22nd. For example on a daily chart the opening prices of GER30 are 10118.85 on the 25th of July, while on a 5 minute chart the opening price at 7 a.m. (UTC+ 01:00) is 10157.55.
Can you explain the divergence, please?
May the Pip be with you.
  • #9,296
  • Jul 27, 2016 5:46pm Jul 27, 2016 5:46pm
Can anyone tell me what happened to the SUI30 and ITA40 and SWE30 CFD's? I can't locate them anywhere on my symbol list.
  • #9,297
  • Jul 27, 2016 5:51pm Jul 27, 2016 5:51pm
Quoting surferncbad
Can anyone tell me what happened to the SUI30 and ITA40 and SWE30 CFD's? I can't locate them anywhere on my symbol list.
Hi Surferncbad, those particular index CFDs were discontinued. Our website has a complete list of the CFD products FXCM offers.
  • #9,298
  • Jul 27, 2016 6:13pm Jul 27, 2016 6:13pm
Quoting Jason Rogers
{quote} Hi Surferncbad, those particular index CFDs were discontinued. Our website has a complete list of the CFD products FXCM offers.
Discontinued by whom? I see plenty of other brokers that still offer these CFD's. Dukaskopy has them. How is it a leading broker like FXCM doesn't? How do we get them back?
  • #9,299
  • Jul 27, 2016 6:20pm Jul 27, 2016 6:20pm
Quoting Chris1008
Hello Jason, I am using the FXCM trading station on a demo account and I have a question. I don't understand why the prices in GER30 differ from daily basis to 5 minutes chart on 25th of July. Same is true for 22nd. For example on a daily chart the opening prices of GER30 are 10118.85 on the 25th of July, while on a 5 minute chart the opening price at 7 a.m. (UTC+ 01:00) is 10157.55. Can you explain the divergence, please?
Hi Chris,

Note that on Trading Station, the daily chart candles begin and end at 5pm New York Time (which currently corresponds to 21:00 UTC). Therefore, the daily high and low for the 25th of July would factor in prices from 5pm on the 24th to 5pm on the 25th New York Time.
  • #9,300
  • Jul 27, 2016 6:22pm Jul 27, 2016 6:22pm
Quoting surferncbad
{quote} Discontinued by whom?
FXCM has discontinued those particular index CFDs, but I'll pass on your feedback about wanting to trade them and let you know if we decide to offer them again.
9 traders viewing now