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FXCM's Strategy Trader

  • #1
  • First Post: Jan 29, 2012 1:18pm Jan 29, 2012 1:18pm
Who here uses strategy trader? I've recently started to learn the programming language, and am looking for any good resources to use. Currently I'm using the tutorial/guide on FXCM's website, and this site: http://www.autoforexer.com/tutorials/strategy_trader/

Does anyone know of any other resources that are useful, or have any pdf's that are helpful?

Thank you.
Get money, don't let money get you. @kauaiforex
  • #2
  • Jan 29, 2012 1:56pm Jan 29, 2012 1:56pm
Hey Rob,

(are you the same Rob from HSM? If so, it's Marty )

Question, what is it about FXCM's platform you like that Metatrader doesn't have?

I only ask since I always believe in starting to learn what's most applicable (across many brokers) first then drill down to proprietary platforms that only apply to a single broker later should that broker offer features that literally 'make or break' the trading system you're working on.

I've been messing around with Strategy Trader for a while now... and it makes some types of coding jobs easier but so far there's nothing that really stands out differently than what MQL4+MT4 can do...
FXGears.com
  • #3
  • Jan 29, 2012 3:01pm Jan 29, 2012 3:01pm
Quoting Jack_Larkin
Hey Rob,

(are you the same Rob from HSM? If so, it's Marty )

Question, what is it about FXCM's platform you like that Metatrader doesn't have?

I only ask since I always believe in starting to learn what's most applicable (across many brokers) first then drill down to proprietary platforms that only apply to a single broker later should that broker offer features that literally 'make or break' the trading system you're working on.

I've been messing around with Strategy Trader for a while now... and it makes some types of coding jobs...
Hey Marty. Yes, it's me. How ya doing?

I like Strategy Trader because it's more aesthetically appealing (stupid reason, I know LOL). It also has some trend line features that i can't find for MT4, like alerts when a trend line is breached, and the ability to auto-trade them. There are some indicators for MT4, but they draw the trend lines for you, and I want to use the ones I draw. For some reason many of the auto-trend line indicators for MT4 don't draw the trend lines I want to use, only look so many bars back, draw trend lines that I find irrelevant, etc. Strategy Trader allows me to utilize MY trend lines with no fuss. I also don't like the clunky feel that MT4 has. This is a bit subjective and hard to describe, but overall I'm just not very satisfied with the general feel of trading through MT4. However, I do like it for charting.
Get money, don't let money get you. @kauaiforex
  • #4
  • Jan 29, 2012 7:03pm Jan 29, 2012 7:03pm
Quoting NoJobRob
Hey Marty. Yes, it's me. How ya doing?

I like Strategy Trader because it's more aesthetically appealing (stupid reason, I know LOL). It also has some trend line features that i can't find for MT4, like alerts when a trend line is breached, and the ability to auto-trade them. There are some indicators for MT4, but they draw the trend lines for you, and I want to use the ones I draw. For some reason many of the auto-trend line indicators for MT4 don't draw the trend lines I want to use, only look so many bars back, draw trend lines that I find...
I'm doing extremely well. Hope you are too I don't frequent HSM anymore since I mainly focus on forex and other places are simply more active forums when it comes to that... plus, my day job now is at an equities firm but I can't hold overnight on my own discretionary risk for the company so even the stock forums at HSM don't match well (they often focus on holding and few people intra-day-trade there.)

LOL.. yeah it doesn't take much to be more aesthetically pleasing than MetaTrader and the MetaEditor.

MQL4 should be able to set an order trigger as you've described with your trendlines.. like, it can plot an intersecting price on the line and it's not hard to tell it to do something should that point be passed by the market. However, yeah, it's not as easily implemented.

Do a quick search for 'trend line breakout trader' and you'll get a few EA's that start the job.. but as you pointed out, they are set to trade as a trendline the EA sets is crossed, not your own hand drawn ones...

Next I'd take the breaking trendline code and simply hook it into "drawn object" by id as set by user. The only problem here is making sure it knows what trend line means sell stop / buy stop, and what one means fading the breakout. Maybe start a thread about it and see if some other coders already have a good way of doing it?


Anyhoo... back to FXCM's ST... if you got it working, cool. Just wish it didn't limit you to just FXCM. They are a decent broker in general but since I do so much scalping (over 1000 trades this last month) their spreads keep me away from them. Hit me up if you ever get into shorter time frame trading where the spread costs start to matter more.. I know a few ways of getting cheap total costs of trading atop of advertised prices with a few good brokers.
FXGears.com
  • #5
  • Jan 29, 2012 10:29pm Jan 29, 2012 10:29pm
Quoting Jack_Larkin
I'm doing extremely well. Hope you are too I don't frequent HSM anymore since I mainly focus on forex and other places are simply more active forums when it comes to that... plus, my day job now is at an equities firm but I can't hold overnight on my own discretionary risk for the company so even the stock forums at HSM don't match well (they often focus on holding and few people intra-day-trade there.)
Yeah, I really only go there to socialize now in the Cocktail Lounge and P/R section. I've largely outgrown message boards, though I come here often because it is rich in resources, just don't post much.

Quote
MQL4 should be able to set an order trigger as you've described with your trendlines.. like, it can plot an intersecting price on the line and it's not hard to tell it to do something should that point be passed by the market. However, yeah, it's not as easily implemented.

Do a quick search for 'trend line breakout trader' and you'll get a few EA's that start the job.. but as you pointed out, they are set to trade as a trendline the EA sets is crossed, not your own hand drawn ones...

Next I'd take the breaking trendline code and simply hook...

I will look into this, but I don't know MQL4 at all, at least not at this point, but it is on my mile long to-do list. LOL

Quote
Anyhoo... back to FXCM's ST... if you got it working, cool. Just wish it didn't limit you to just FXCM. They are a decent broker in general but since I do so much scalping (over 1000 trades this last month) their spreads keep me away from them. Hit me up if you ever get into shorter time frame trading where the spread costs start to matter more.. I know a few ways of getting cheap total costs of trading atop of advertised prices with a few good brokers.

I'm not much into scalping personally. I like executing off the hourly for longer day trades or swing trades. I've found the hourly works best for me because it's long enough to still paint a clear picture of what the market is doing overall, yet short enough to not bore me to death. My trades are usually for 50 to 100 pips, or more, and sometimes they evolve nicely into longer position trades that I will then manage off the H4 and daily charts.

Anyway, thanks for your input, and I'll see you around. Good to see another familiar face here, figuratively speaking of course. LOL This thread you started looks like a good read too.

http://www.forexfactory.com/showthread.php?t=338283

I'll check it out.
Get money, don't let money get you. @kauaiforex
  • #6
  • Feb 14, 2012 10:09am Feb 14, 2012 10:09am
I'm trying to use this platform for manual trading. I like it more than FXCMs trade station because it's less windows and the manual trading box is easy but does anybody know why I can't go beyond 10 lots when trading? I can't find a setting to change the limit.
  • #7
  • Feb 14, 2012 12:24pm Feb 14, 2012 12:24pm
Quoting gimmegimme
I'm trying to use this platform for manual trading. I like it more than FXCMs trade station because it's less windows and the manual trading box is easy but does anybody know why I can't go beyond 10 lots when trading? I can't find a setting to change the limit.
You want more than 10 standard lots in a single position's opening price?

You're using a demo account, right? If not, I hope you're trading with a large enough account to handle that kinda heat (and with the experience to follow through on it.)

Max order size is usually set to fit their liquidity providers and prevent major slippage in filling your order. That and prevent a client execution error that exposes them to dumb amounts of risk.

If you find that 10 lots per order is a limitation for your needs, talk to the chat support at FXCM to see if they can raise it for your account (I'm not sure if it's possible to set on an account level, but they might be able to.)

If not, and you really want to open 10 lots at a given price... PM me and tell me about your trading style and I can point you in the direction of brokers who can execute much larger order sizes than just 10 lots... depending on your trading style, they could better fit your needs too.. 10 lots on FXCM's spreads is a high cost for short term trading for example.
FXGears.com
  • #8
  • Last Post: Feb 20, 2012 11:04am Feb 20, 2012 11:04am
I have used marketscope for a couple of years and recently got into strategy trader because I'm trying to start automated trading with a vps. Does anyone know where I could have a strategy recoded from lua to fxd to work with strategy trader. Any help would be greatly appreciated.

Best Regards
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