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  • #9,601
  • Oct 20, 2016 6:33pm Oct 20, 2016 6:33pm
I will be out of the office until Tuesday, October 25th and will respond to your posts and private messages when I return.

For immediate assistance, you can contact our 24-hour live customer support.
  • #9,602
  • Oct 24, 2016 1:42am Oct 24, 2016 1:42am
Quoting Jason Rogers
I will be out of the office until Tuesday, October 25th and will respond to your posts and private messages when I return. For immediate assistance, you can contact our 24-hour live customer support.
Hi Jason,

I would like to know how one could add a 5EMA, shift +3, typical price, to price charts on Marketscope 2 of Trading station platform. I am asking this because the standard EMA indicator on Marketscope 2 is for close price and also no shift. BTW, MT4 allows this feature.

Thanks in advance,

Okoso
  • #9,603
  • Oct 25, 2016 2:19pm Oct 25, 2016 2:19pm
Quoting okoso
{quote} Hi Jason, I would like to know how one could add a 5EMA, shift +3, typical price, to price charts on Marketscope 2 of Trading station platform. I am asking this because the standard EMA indicator on Marketscope 2 is for close price and also no shift. BTW, MT4 allows this feature. Thanks in advance, Okoso
Hi Okoso,

First, in regards to using the typical price as opposed to the close price, you can click on the Data Source tab in the EMA properties window and select Typical under History:

Attached Image


Second, in regards to shifting your EMA line, there is a free indicator you can download for Marketscope called Zero Lag Moving Average.

Attached Image (click to enlarge)
Click to Enlarge Name: Zero-Lag-MA-960x640.jpg Size: 96 KB


Lastly, if there is already an indicator available for MT4 that you prefer, please keep in mind that FXCM also offers the MT4 platform. Furthermore, if you have an MT4 account with us, your login details for that account will still give you access to all three versions of our Trading Station platform and Marketscope charts (Desktop, Web and Mobile)
  • #9,604
  • Edited Oct 26, 2016 6:44am Oct 25, 2016 6:55pm | Edited Oct 26, 2016 6:44am
I don't use Marketscope - the following has tested a solution for EMA 5 shift +3 - verification and comparison *.

1. Put Alligator on the chart.
2. Set >> smoothing = EMA.
3. Set >> jaws and teeth color to chart background color.
4. Set >> Show in background = Yes.

Only the lips (lime) line will be displayed at 5 EMA shift + 3.
Drawing default mode = Midle-to-Middle and should meet requirements of Typical Price.

* Verification and comparison

  1. Put a EMA 5 on chart and set >> Data Source > History = Typical and color to any color other than Alligator lips color.
  2. Change Alligator lips >> Calculation > Alligator Lips shifting period = 0.
  3. The EMA 5 Shift 0 and Alligator Lips at EMA 5 Shift 0 should overlay each other.
  4. Set >> Alligator Lips shifting period back to = 3.

The above proves the two EMAs are consistent and Alligator Lips a true representation of EMA 5 Shift +3.

Comment: No shift feature on MAs - ? ? ?

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  • #9,605
  • Oct 25, 2016 7:25pm Oct 25, 2016 7:25pm
in tradingstation, is there any difference between the net stop and target and setting stop and target along with market entry?
big money makes big moves and then hides during small money chasing.
  • #9,606
  • Oct 26, 2016 5:30pm Oct 26, 2016 5:30pm
Quoting Phylo
I don't use Marketscope - the following has tested a solution for EMA 5 shift +3 - verification and comparison *. 1. Put Alligator on the chart. 2. Set >> smoothing = EMA. 3. Set >> jaws and teeth color to chart background color. 4. Set >> Show in background = Yes. Only the lips (lime) line will be displayed at 5 EMA shift + 3. Drawing default mode = Midle-to-Middle and should meet requirements of Typical Price. * Verification and comparison Put a EMA 5 on chart and set >> Data Source > History = Typical and color to any color other than Alligator...
Thanks for sharing that info, Phylo

While the moving averages that come pre-installed on Trading Station Desktop don't have shift functionality by default, there are moving average indicators with this functionality available for download at FXCMapps.com and FxCodeBase.com such as the Zero Lag Moving Average indicator I mentioned in my previous post.
  • #9,607
  • Oct 26, 2016 5:55pm Oct 26, 2016 5:55pm
Quoting corrman
in tradingstation, is there any difference between the net stop and target and setting stop and target along with market entry?
Hi Corrman,

I notice your forum profile mentions you live in the US. Therefore, the key point to keep in mind is that trade execution on your FXCM US account (as with all US-based trading accounts) is governed by US regulations requiring FIFO (first-in, first-out) execution.

The key difference between setting a Net Stop/Limit and setting Stop/Limit along with your Market/Entry order is that the Net Stop/Limit will apply to all your open trades in a given currency pair if triggered. Even if you open additional trades in the same currency pair after setting your Net Stop/Limit, it will still to all trades in the same pair if triggered.

By contrast, a Stop/Limit order that you set along with your Market/Entry order will appear in your Orders window and will only apply to the amount of currency specified by the order. If you have multiple Stop/Limit orders set along with multiple Market/Entry orders in the same currency pair, then it's important to note that your Stop/Limit orders are not tied to any specific trade. Instead, the first Stop/Limit order to be triggered will apply to the first trade that was opened in that currency pair. This is to comply with FIFO (first-in, first-out) execution rules the US government enforces for all US-based trading accounts regardless of the broker.

(Non-US traders should note that FIFO execution is not a requirement for non-US trading accounts, so FXCM UK and FXCM Australia accounts do not have Net Stop/Limit orders. Instead, then have Stop/Limit orders which are tied to specific trades.)
  • #9,608
  • Oct 27, 2016 8:24am Oct 27, 2016 8:24am
Is there a way to specify size of lots at specific exit points for partial exits? I would rather have the exit set rather than having to click manually on the amount I am exiting when the area is reached, there's just too much lag time in that. Thanks for response.
big money makes big moves and then hides during small money chasing.
  • #9,609
  • Oct 27, 2016 10:37am Oct 27, 2016 10:37am
hey fxcm

i have sub 100k account. do you guys offer rebates for volume? if so, what is it?
  • #9,610
  • Edited 2:14pm Oct 27, 2016 1:22pm | Edited 2:14pm
Quoting corrman
Is there a way to specify size of lots at specific exit points for partial exits? I would rather have the exit set rather than having to click manually on the amount I am exiting when the area is reached, there's just too much lag time in that. Thanks for response.
If speed is critical, you may want to consider switching to either "One-Click" or "Double-Click" trading mode on Trading Station from the default "Click and Confirm". My preference is Double-Click since it may reduce the chances of accidentally placing a trade compared to One-Click.

Attached Image


In this same Trading Settings window, you can specify preset Stop and Limit distances. You can then specify a trade size for each currency pair that will apply for your Double-Click orders and corresponding Stops and Limits in the Advanced Dealing Rates window.

Attached Image


I suggest practicing this on a demo before trading it live.
  • #9,611
  • Oct 27, 2016 2:17pm Oct 27, 2016 2:17pm
Quoting Jason Rogers
{quote} If speed is critical, you may want to consider switching to either "One-Click" or "Double-Click" trading mode on Trading Station from the default "Click and Confirm". My preference is Double-Click since it may reduce the chances of accidentally placing a trade compared to One-Click. {image} In this same Trading Settings window, you can specify preset Stop and Limit distances. You can then specify a trade size for each currency pair that will apply for your Double-Click orders and corresponding Stops and Limits in the Advanced Dealing Rates...
Hello Jason,

Could you please let me know why there is a small offset between the chart ask/bid line prices and the market watch ask/bid prices on any demo or real FXCM MT4 platform?
  • #9,612
  • Oct 27, 2016 2:18pm Oct 27, 2016 2:18pm
Quoting hilmy83
hey fxcm i have sub 100k account. do you guys offer rebates for volume? if so, what is it?
Hi Hilmy,

Instead of a rebate, our Active Trader account can offer you reduced commissions based on your trading volume.
  • #9,613
  • Oct 27, 2016 2:25pm Oct 27, 2016 2:25pm
Quoting alfa99
{quote} Hello Jason, Could you please let me know why there is a small offset between the chart ask/bid line prices and the market watch ask/bid prices on any demo or real FXCM MT4 platform?
Hi Alfa,

FXCM offers traders the choice between two different pricing models: raw FX spreads with commissions for Standard and Active Trader accounts, and all-inclusive spreads with no commissions for Mini accounts.

MT4 servers have a limitation in that they can only display chart prices for one account type (Mini or Standard/Active Trader). Trading Station servers and charts do not have this same limitation. That means regardless of your account type, you can log into our Trading Station platform (or the NinjaTrader platform) and see corresponding prices on the charts.

The charts on some of our MT4 servers are set up to display the raw FX spreads available to Standard accounts, while the charts on other MT4 servers are set up to display the all-inclusive spreads available to Mini accounts. That said, the Bid and Ask prices you see in the Market Watch window of your MT4 platform will always correspond the spreads available for your account type regardless of your the MT4 server to which you're connected.

You can compare the Bid price you see in your Market Watch window to the chart price on your MT4 platform to see if they match. If they don't, live account holders can complete one of the forms below to have their account switched, so it connects to an MT4 server with chart prices corresponding to their account type.

  1. MT4 Chart Update for FXCM US Clients
  2. MT4 Chart Update for FXCM UK Clients

If you would like a demo, please let me know whether you want your MT4 charts to reflect our Mini spreads or our Standard/Active Trader spreads, and I'll set up an account for you on the appropriate MT4 server.

  • #9,614
  • Oct 30, 2016 9:29pm Oct 30, 2016 9:29pm
Since when did trailing stops stop working in MT4?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,615
  • Edited 11:34am Nov 1, 2016 11:13am | Edited 11:34am
Quoting TooSlow
Since when did trailing stops stop working in MT4?
Hi TooSlow,

I checked with our tech support team and there have been no changes to how trailing stops work on MT4. Nor have I heard anyone else report issues placing trailing stops on MT4 or any of the other platforms FXCM offers.

When was the last time you placed a trailing stop on your MT4 platform successfully?

* If you need to place an order immediately, you can call us anytime 24 hours a day to place your order over the phone with our trading desk. Also, our live customer support team will be happy to walk you through placing a trailing stop order on your platform and help you troubleshoot any issues.
  • #9,616
  • Nov 1, 2016 11:41am Nov 1, 2016 11:41am
Quoting Jason Rogers
{quote} Hi Hilmy, Instead of a rebate, our Active Trader account can offer you reduced commissions based on your trading volume.
So if you have more money you get a better deal? I just don't get this. Wouldn't larger orders give you more risk as a firm?
  • #9,617
  • Nov 1, 2016 2:30pm Nov 1, 2016 2:30pm
Quoting Jason Rogers
{quote} Hi TooSlow, I checked with our tech support team and there have been no changes to how trailing stops work on MT4. Nor have I heard anyone else report issues placing trailing stops on MT4 or any of the other platforms FXCM offers. When was the last time you placed a trailing stop on your MT4 platform successfully? * If you need to place an order immediately, you can call us anytime 24 hours a day to place your order over the phone with our trading desk. Also, our live...
I placed several today.
The other day, I wanted to place a 5 pip trailing stop on a trade that was down a couple of pips.
I didn't want to lose any more but I wanted the stop to move as price moved in my favor.
The platform did not accept the stop loss.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,618
  • Edited 5:05pm Nov 1, 2016 4:14pm | Edited 5:05pm
Quoting Punter447
{quote} So if you have more money you get a better deal? I just don't get this. Wouldn't larger orders give you more risk as a firm?
Welcome to the forum, Punter, and great question! Technically yes, larger orders will mean the firm has a higher level of risk.

That said, it's important to note with the No Dealing Desk (NDD) forex execution we provide to all Active Trader accounts (25k minimum balance) and Standard accounts (5k minimum), FXCM offsets each client order one-for-one with the best prices sourced from multiple liquidity providers. For example, a client placing a 500K EUR/USD buy order will cause the system to first initiate a 500K EUR/USD buy order with the best available ask price quoted from up to 17 competing global banks, financial institutions, prime brokers, and other market makers.

Attached Image (click to enlarge)
Click to Enlarge Name: liquidity-providers-figure-1-desktop.jpg Size: 83 KB


Therefore, larger client orders mean larger offset trades with these liquidity providers.

Attached Image (click to enlarge)
Click to Enlarge Name: liquidity-providers-logo-group-desktop.jpg Size: 145 KB


However, the forex market is generally very liquid, so even a large number of high volume trades can typically be easily absorbed by the market. FXCM is compensated by commissions paid on each trade (proportionate to the size of the trade), so larger client order mean higher revenue for us. Since larger accounts (and the orders placed on these accounts) generate higher revenue, FXCM is willing to offer discounts to for Active Traders.

Going back to your question about risk though, even in the most liquid market, this is something that every broker must actively monitor and evaluate. FXCM has a risk committee whose sole responsibility is to oversee aggregate client positions, alongside market conditions, with the objective of managing the risk of currency exposure. This is the department that is responsible for margin increases around potentially volatile events (the Brexit vote was a recent example) in an effort to protect both our clients and the firm from extreme changes in currency valuations.

FXCM also provides Mini accounts ($50 minimum) with a dealing desk (DD) offering in which we act as the liquidity provider. This execution option is only offered on smaller accounts (20k maximum) to help manage the risk.
  • #9,619
  • Nov 1, 2016 4:19pm Nov 1, 2016 4:19pm
Quoting TooSlow
{quote} I placed several today. The other day, I wanted to place a 5 pip trailing stop on a trade that was down a couple of pips. I didn't want to lose any more but I wanted the stop to move as price moved in my favor. The platform did not accept the stop loss.
Thanks for your reply. I'm glad you were able to place trailing stop orders on your MT4 platform today. Did you receive an error message when you tried unsuccessfully to place trailing stops the other day? If so, what was the message? Also, what is your account type? (Mini, Standard or Active Trader)
  • #9,620
  • Nov 1, 2016 4:42pm Nov 1, 2016 4:42pm
Quoting Jason Rogers
{quote} Thanks for your reply. I'm glad you were able to place trailing stop orders on your MT4 platform today. Did you receive an error message when you tried unsuccessfully to place trailing stops the other day? If so, what was the message? Also, what is your account type? (Mini, Standard or Active Trader)
No error message.
The stop did not "take".
The stop never appeared in the terminal trade tab.
Mini.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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