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  • #601
  • Dec 1, 2010 12:57pm Dec 1, 2010 12:57pm
We recently added a corporate blog to FXCM.com and here is the most recent blog post:

By Sameer Bhopale, Chief Marketing Officer, FXCM

Ever since we released No Dealing Desk (NDD) forex execution back in 2007, it’s been a tough concept to visualize. I mean, my trading station doesn’t really look any different on No Dealing Desk. I still click to buy or sell, and it executes quickly. But once I click, where does that order go? Some far-away exotic land? Into the clouds? Where?

To help traders understand their orders, we created a map of No Dealing Desk forex trading execution.

http://media.dailyfx.com/illustratio..._Picture_5.png



I recommend that you take a look at the full map, as it lays out each step in the NDD process. The essential things to note are:

Every single forex trade made with FXCM through the NDD system is offset with a forex market maker, such as a global bank or financial institution. FXCM does not carry your position on its books.

All FXCM’s forex prices come from the best prices offered by these market makers. The price gets a markup from FXCM, and the result is displayed to you. So, when you click on a price to make an order, you are actually clicking on someone else’s price with our set markup on top. FXCM is not making its own forex prices.

FXCM doesn’t make the price, and every single order is offset with a third party market maker. The market makers filling your orders only see orders coming from FXCM. So the people making the prices and providing the execution don’t know who you are, what your trading style or record is, or where your stops are. FXCM automates it all by running everything through our advanced computer systems. This results in execution that is fast, efficient, and fair.


http://www.fxcm.com/fxcm-blog.jsp
  • #602
  • Dec 1, 2010 1:31pm Dec 1, 2010 1:31pm
Here's another custom indicator for the Strategy Trader platform called Equity Plotter. You can find the indicator attached to this post.

The equity plotter will plot the profit/loss from automated strategies for particular currency pairs directly onto the currency pair chart. This becomes useful if you're running strategies on multiple currency pairs. The indicator will allow you to view profit/loss broken down by currency pair to quickly evaluate strategy performance by currency pair. The attached image gives an example of the equity plotter on the AUD/NZD and EUR/GBP pairs running the Grid Strategy. The equity plotter shows that AUD/NZD has an overall loss of $182.70 whereas EUR/GBP has an overall profit of $242.74. Helps you easily compare and identify which pairs have been most profitable.

http://img14.imageshack.us/img14/1736/equityplotter.png

Attached File(s)
File Type: zip EquityPlotter.zip   1 KB | 287 downloads
  • #603
  • Dec 1, 2010 10:05pm Dec 1, 2010 10:05pm
Hi Jason,
Sorry for such a trivial questions. I am learning how CFD numbers are calculated. Please see attached image with questions. I found it was easier with FX :-)


Appreciate your help.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Q.jpg Size: 149 KB
  • #604
  • Dec 2, 2010 9:46am Dec 2, 2010 9:46am
Quoting Imphilomath
Hi Jason,
Sorry for such a trivial questions. I am learning how CFD numbers are calculated. Please see attached image with questions. I found it was easier with FX :-)

Appreciate your help.

cheers
Hi Imphilomath,

Your understanding regarding the spread and pip cost is correct.

For the rollover, it works the same as with the forex transactions. The RollS and RollB in the dealing rates window will display the finance charge for the minimum amount available to trade. So if you're buying XAU/USD the rollover cost is $0.03 for 1. What you should do is multiple the RollB by the amount traded. So if trading 5 XAU/USD, the rollover cost for buying would be 5 X $0.03 = $0.15.

The pip value and rollover information will always be displayed as the value for the minimum position size traded. So even it will not change to the multiple of the amount selected in the drop down box.

I hope that helps. Let me know if anything was unclear.

-Jason


More information on gold trading with FXCM UK can be found here www.fxcm.co.uk/fgold
  • #605
  • Dec 2, 2010 10:20am Dec 2, 2010 10:20am
Michael Wright of DailyFX noted an hour earlier that EUR/USD has started to move higher as it broke above its falling channel on the hourly chart from yesterday. Looks like there could be some slowdown and/or consolidation in the EUR/USD sell-off before tomorrow's NFP number.

http://img444.imageshack.us/img444/3...wright1222.png



I also find the fact that EUR/USD SSI has flipped from net long to net short (although it's a very modest net short positioning).

http://img51.imageshack.us/img51/111...10111604am.png



It looks like the DailyFX+ signals are also sensing a lack of direction at the moment since there are no signals being generated by any of the 6 strategies. Wait and see...

http://img26.imageshack.us/img26/760...als1222010.png

  • #606
  • Dec 2, 2010 1:20pm Dec 2, 2010 1:20pm
Here's another custom indicator for Strategy Trader: Trade Session Indicator.

The trade session indicator will draw a box around the the candlesticks occurring during the relevant major forex trading periods: NY, London, Tokyo & Australia. You can specify the color for each period in the inputs menu. Here's a screenshot of what it looks like on the chart:

http://img18.imageshack.us/img18/418...ndicator12.png


The indicator file is attached to this post for download.
Attached File(s)
File Type: zip Trade_Session_Indicator.zip   2 KB | 299 downloads
  • #607
  • Dec 2, 2010 7:26pm Dec 2, 2010 7:26pm
Quoting Jason Rogers
Hi Imphilomath,

Your understanding regarding the spread and pip cost is correct.

For the rollover, it works the same as with the forex transactions....
Thanks Jason, that helps.
  • #608
  • Dec 2, 2010 11:18pm Dec 2, 2010 11:18pm
Quoting Jason Rogers
Here's another custom indicator for Strategy Trader: Trade Session Indicator.

The trade session indicator will draw a box around the the candlesticks occurring during the relevant major forex trading periods: NY, London, Tokyo & Australia. You can specify the color for each period in the inputs menu. Here's a screenshot of what it looks like on the chart:

http://img18.imageshack.us/img18/418...ndicator12.png


The indicator file is attached to this post for download.
Hi Jason,
I downloaded this .zip file and extracted .fxd from it. When I went to load custom indicator, software did not recognize any of the file ( .zip or .fxd) to load it as custom indicator. Am I doing anything wrong?


cheers
  • #609
  • Dec 3, 2010 9:06am Dec 3, 2010 9:06am
Quoting Imphilomath
Hi Jason,
I downloaded this .zip file and extracted .fxd from it. When I went to load custom indicator, software did not recognize any of the file ( .zip or .fxd) to load it as custom indicator. Am I doing anything wrong?


cheers
The trade session indicator I posted will only work on Strategy Trader http://www.fxcm.com/automated-forex-trading.jsp, so it won't work on the FXTSII. I'll check with the programming team to see if they can create the same indicator for FXTSII. Will add it to this thread if/when available. My guess is about a week if possible.

-Jason
  • #610
  • Dec 3, 2010 9:22am Dec 3, 2010 9:22am
Quoting Imphilomath
Hi Jason,
I downloaded this .zip file and extracted .fxd from it. When I went to load custom indicator, software did not recognize any of the file ( .zip or .fxd) to load it as custom indicator. Am I doing anything wrong?


cheers
I stand corrected!!! FXCodeBase actually created this indicator back in August .

I've attached it to this post in a ZIP file. You will need to unzip it for access to the LUA file which needs to be imported into the FX Trade Station II. There are lots of options for this indicator such as selecting the level of shading for the trading period if any, high/low data for each period, colors, font size, etc. The Sydney hours are also available (not displayed in my screenshot).


http://img258.imageshack.us/img258/4...sionfxtsii.png

Attached File(s)
File Type: zip Trade_Session_Indicator.zip   2 KB | 308 downloads
  • #611
  • Dec 5, 2010 11:57pm Dec 5, 2010 11:57pm
Quoting Jason Rogers
I stand corrected!!!...
Hi Jason,
Sorry that did not work. That .zip did not have any .lua file.

cheers
  • #612
  • Dec 6, 2010 7:50am Dec 6, 2010 7:50am
Quoting Imphilomath
Hi Jason,
Sorry that did not work. That .zip did not have any .lua file.

cheers
Sorry about that. I zipped the file for Strategy Trader instead of the one for Marketscope. Try the new file attached to this post. It contains the correct file for Marketscope.
Attached File(s)
File Type: zip TRADESESSIONS.zip   5 KB | 327 downloads
  • #613
  • Dec 6, 2010 9:38am Dec 6, 2010 9:38am
Couple of things to watch this week:


1. EURUSD

Check out the below 4 hour chart. EUR/USD has been in a downtrend since the beginning of November, and it's now testing the upper channel of that trend.

http://img697.imageshack.us/img697/3...1262010102.png


The medium/high importance economic events seem to be skewed toward the Euro-Zone with the most important US events taking place on Friday. Here's the DailyFX calendar filtered for medium/high important events for the Euro-Zone and US.

http://img530.imageshack.us/img530/4...2620101036.png




2. Gold (XAU/USD)

Gold is currently trading around $1,416, approaching the record high levels set in early November.

http://img442.imageshack.us/img442/1...e126201010.png


The weekly gold forecast fromDailyFX says there could be a test of the record-high level:

...the bullion may push higher over the following week as investors look for an alternative to the reserve currency. The precious metal could certainly make another run at the record high of $1424/oz next week as the bearish sentiment underlying the greenback resurfaces, but a shift in market sentiment could lead gold to consolidate as the fundamental outlook for the world economy remains clouded with uncertainties. http://www.dailyfx.com/forex/fundame...US_Dollar.html



Gold trading is available through FXCM UK: http://www.fxcm.co.uk/gold.jsp (not available for US residents).
  • #614
  • Dec 7, 2010 3:06am Dec 7, 2010 3:06am
Quoting Jason Rogers
Thanks for being patient! I'm looking forward to adding this to Strategy Trader for testing myself.
Jason, any news regarding implementing breakout2 signals into Strategy trader platform?
  • #615
  • Edited 8:47am Dec 7, 2010 8:34am | Edited 8:47am
Quoting pipwarrior
Jason, any news regarding implementing breakout2 signals into Strategy trader platform?
Hey pipwarrior,

Not yet, but I'll let you know as soon as there are new developments to share!

Edit: In the past I've been forthcoming with things we are working on in terms of product enhancements and new releases. I have to be more cautious about what I mention in terms of future releases now that we're a publicly traded company, and I can't disclose material information on the forum before a public announcement is made. I'm going to check with our legal department about what level of information I can share with you about this in terms of when we can expect a release.

-Jason
  • #616
  • Dec 7, 2010 8:59am Dec 7, 2010 8:59am
The Bank of Canada interest rate announcement was this morning and rates were kept the same at 1.00%. If you take a look at USD/CAD trend over the past two years, the trend has been down, but 1.0000 has been formidable resistance.

http://img580.imageshack.us/img580/4...01095113am.png


This mornings SSI positioning shows that traders are fading the move towards parity in attempt to play off of this support. There were 6.97 long positions for every short position as of the last reading on DailyFX+ this morning:

http://img411.imageshack.us/img411/9...01091510am.png


As a contrarian indicator, SSI is signalling a possible further drop in USD/CAD. 3 of the 6 DailyFX+ trading signals are currently giving a bearish signal with only Breakout2 giving the green light to enter now.

http://img574.imageshack.us/img574/6...2720109575.png

  • #617
  • Dec 7, 2010 9:30am Dec 7, 2010 9:30am
Quoting pipwarrior
Jason, any news regarding implementing breakout2 signals into Strategy trader platform?
Ok, I got some clarification on what I'm allowed to discuss, and I'm happy to say I can talk about our progress on automating the trading signals.

The trading signals are being tested internally at the moment. I received a copy and have run into some bugs myself so it's not quite ready to be released. I imagine we'll be testing for at least a couple of weeks to a month working out any bugs in the code.

-Jason
  • #618
  • Dec 7, 2010 1:07pm Dec 7, 2010 1:07pm
Quoting Jason Rogers
Ok, I got some clarification on what I'm allowed to discuss, and I'm happy to say I can talk about our progress on automating the trading signals.

The trading signals are being tested internally at the moment. I received a copy and have run into some bugs myself so it's not quite ready to be released. I imagine we'll be testing for at least a couple of weeks to a month working out any bugs in the code.

-Jason
Jason, I'll buy you a beer when I see you next time for this news. mabye a case!

Please let me know when is out!

if you need a hand, on testing let me know.
  • #619
  • Dec 8, 2010 8:45am Dec 8, 2010 8:45am
http://i55.tinypic.com/1z1zspg.png
  • #620
  • Dec 8, 2010 8:47am Dec 8, 2010 8:47am
Quoting pipwarrior
Jason, I'll buy you a beer when I see you next time for this news. mabye a case!

Please let me know when is out!
lol, DEAL!
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