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FXCM Micro Account Trading Environment Test

  • #21
  • Oct 18, 2009 7:51pm Oct 18, 2009 7:51pm
Quoting PipStar
I see that you have so far been position trading. Since this is an experiment, may be you can test them doing some scalping trades and news trades. I think it will only be fair to test them in different market situations. This will give us all a better idea as to slippage, whether execution is delayed, frozen platform ....etc...etc. Almost every broker gives a good fill when the market is just trickling over but the real test is in momentum markets.
Very true and a good idea. I will do that this this week and report after Friday.and thanks for the positive input.
FF = Forex Faggots
  • #22
  • Oct 24, 2009 12:27pm Oct 24, 2009 12:27pm
So far nothing. Made about 8 trades this week (I am down this week) CurrentBalance= $513.74 StartingBalance=$500.00 . I did not scalp. I need too. This would be a better "stress test" of platform as already stated. No lock ups yet.
FF = Forex Faggots
  • #23
  • Oct 27, 2009 3:03pm Oct 27, 2009 3:03pm
Had some loses. Today Eur/USD shot south. Tried to exit my Long maybe 10 times over 2-3 minutes. Invalid prices due to fast moving market(which it was). I would have made money on my long if I had placed a protective OCO order before I passed out cold on the kitchen floor(again!). Balance now stands at $504.00. Spreads were OK at 1.5 pips for Eur/Usd (average for FXCM Micro). The lost trade was my fault and not the platform. I did notice that in a fast changing market- fills (if any) can be problematic. My work continues.
FF = Forex Faggots
  • #24
  • Oct 27, 2009 4:00pm Oct 27, 2009 4:00pm
With all due respect this is not nearly enough data to come to a satisfying conclusion. Only 1 trade per week? So only 12 or so trades in 3 months? And this is supposed to show us how the platform responds to busy traffic times and slippage? How exactly can it do that with one trade per week? Or even one trade per day for that matter?

You should be BOMBARDING that platform with DOZENS of commands during the busiest session times if your goal is to later tell us how it kept up with slippage and so on. Anything less is a complete waste of your time and ours, and yes, a gigantic free commercial for the broker.
" Average traders look to the left, great traders look to the right."
  • #25
  • Oct 27, 2009 4:32pm Oct 27, 2009 4:32pm
Yes of course-your opinion is the only correct one.
FF = Forex Faggots
  • #26
  • Oct 27, 2009 5:19pm Oct 27, 2009 5:19pm
If you say so.

But I can think of better ways to instill trust than blatant sarcasm. All you've done is prove that you're a shill for this broker. If I were Jason I'd be cringing about now...
" Average traders look to the left, great traders look to the right."
  • #27
  • Oct 27, 2009 5:48pm Oct 27, 2009 5:48pm
Quoting magicchance
If you say so.

But I can think of better ways to instill trust than blatant sarcasm. All you've done is prove that you're a shill for this broker. If I were Jason I'd be cringing about now...
rofl- yes I am Jason's willing dupe. I DO wonder about your ability to "think" though.
FF = Forex Faggots
  • #28
  • Oct 27, 2009 5:54pm Oct 27, 2009 5:54pm
Dude, pile it on all you want, but you are NOT helping your cause and the purpose of this thread.
" Average traders look to the left, great traders look to the right."
  • #29
  • Oct 27, 2009 7:15pm Oct 27, 2009 7:15pm
Quoting magicchance
Dude, pile it on all you want, but you are NOT helping your cause and the purpose of this thread.
lol-and what IS my cause, DUDE? lol
FF = Forex Faggots
  • #30
  • Oct 27, 2009 9:23pm Oct 27, 2009 9:23pm
So the bible's your favorite book, eh? Your version must not include the new testament.
" Average traders look to the left, great traders look to the right."
  • #31
  • Oct 29, 2009 5:02am Oct 29, 2009 5:02am
Hi 8fingers,
I agree with magic chance, the point is to test the platform under every condition. You have been given the money to trade with to test the platform not your strategy.

If it was me I would be over trading to test all conditions even if the account went to zero. Should be nothing to do with profit in this experiment.

Cheers J
  • #32
  • Oct 31, 2009 4:36am Oct 31, 2009 4:36am
We're around 20 days into the test time (over 20%). How many trades have there been?

We need a table or spreadsheet of results that documents statistics like execution time, slippage, number of requotes for each attempted order open or close. i.e. proper scientific quantitative test methodology. These important statistics need to be recorded.

I also agree that there aren't enough trades happening. There should be at least a few trades per day to make the aggregate results statistically significant. Anyone who has studied statistics would understand this fact.

Maybe the test should have instead been given to a high frequency scalper, and/or someone who can program Expert Advisors to trade an automatically record the important statistics.
  • #33
  • Oct 31, 2009 5:07am Oct 31, 2009 5:07am
Quoting 8fingers
Had some loses. Today Eur/USD shot south. Tried to exit my Long maybe 10 times over 2-3 minutes. Invalid prices due to fast moving market(which it was). I would have made money on my long if I had placed a protective OCO order before I passed out cold on the kitchen floor(again!). Balance now stands at $504.00. Spreads were OK at 1.5 pips for Eur/Usd (average for FXCM Micro). The lost trade was my fault and not the platform. I did notice that in a fast changing market- fills (if any) can be problematic. My work continues.
Quoting Hyper
We're around 20 days into the test time (over 20%). How many trades have there been?

We need a table or spreadsheet of results that documents statistics like execution time, slippage, number of requotes for each attempted order open or close. i.e. proper scientific quantitative test methodology. These important statistics need to be recorded.
I prefer to use Real ECN broker to avoid all of this and get what all traders looking for ,Which is
" Fast exection- no requote - nice spreads" I have open an account with one of them so far so cool
  • #34
  • Oct 31, 2009 3:45pm Oct 31, 2009 3:45pm
Don't waste your breath guys, it's only a scam.
" Average traders look to the left, great traders look to the right."
  • #35
  • Nov 1, 2009 9:39am Nov 1, 2009 9:39am
So far, 3 uneventful(no problems with platform or feed) trading weeks gone by. I have not experienced any platform "freezing" at anytime,so far. I actually saw GBP/USD at a negative spread twice. I did notice some Posters have opinions about how I should trade or record experiences. Maybe they should contact JasonRogers and request their own test? This isnt a science experiment using Imperical data. This is ex-client testing their CURRENT Micro account trading environment to compare with past environment. My past experience was not good. No serious complaints with current Micro environment so far. Current balance= $508.67 Startingbalance= $500.00
FF = Forex Faggots
  • #36
  • Nov 8, 2009 9:44am Nov 8, 2009 9:44am
Well I discovered I am not a Scalper. CurrentBalance= $453.00 StartingBalance=$ 500.00 . Very difficult to Enter/Exit trades in a "moving" market. This -IMO - rules out Scalping on a Micro account. Still, all my OCO and Entry orders were honored w/o fail(even in the same conditions that prevented me from Entering/Exit trades manually). I am returning to Daytrading/Position trading from now on. So far, I still like this Micro Account.
FF = Forex Faggots
  • #37
  • Nov 13, 2009 2:20pm Nov 13, 2009 2:20pm
Quoting 8fingers
Very difficult to Enter/Exit trades in a "moving" market. This -IMO - rules out Scalping on a Micro account.
Note for anyone having orders rejected: If the order type is set to Market Range, increasing the pip amount for the Market Range feature can help decrease the number of trade rejections due to price movement. Market range allows you to control the range of prices you are willing to be filled at on a market order. This is similar to the maximum deviation feature in MT4. Or change the order type to At Best and it will go through at the best price available.

-Jason
  • #38
  • Nov 13, 2009 4:15pm Nov 13, 2009 4:15pm
Now all we need is the capability of closing multiple positions simultaneously.

Seriously Jason, thanks for responding to my query over at your forum. I guess I should respond there but I think we get a little more visibility here.

I understand FIFO requirements but I know code could be written into your platform that would allow users to select all open trades and close them in FIFO order. My current workaround is to set a pending counter trade for each open trade (same pair and lot size). Unfortunately this can be a time consuming pain in the butt and a double pain setting OCO stops/limits. Keep in mind I'm talking 10, 20, sometimes 30 concurrently open trades.

Ok, enough whining now. Sorry to jack your thread, fingers. Carry on, buddy.
  • #39
  • Nov 13, 2009 8:54pm Nov 13, 2009 8:54pm
lol-no problem. Does Tradestation2 have the ability (like MT4) to code own users
strategy(like EA's)?If so-where does one go to "learn" this language online? Thanks for the info Jason- I will try the MarketRange setting to see if this helps(although I could really care less now as i wont be scalping anytime soon) And,although I was requoted during fast market, It was only a minor problem as I am a Day/position trader at heart. CurrentBalance $475.00 StartingBalance $500.00 . Still no "real" problems to report. I am, day by day, liking this Micro account more & more-especially for the smaller retail forex investor(like me).
FF = Forex Faggots
  • #40
  • Nov 13, 2009 8:58pm Nov 13, 2009 8:58pm
Quoting 8fingers
lol-no problem. Does Tradestation2 have the ability (like MT4) to code own users
strategy(like EA's)?If so-where does one go to "learn" this language online?
Good question. Custom indis too!
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