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FXCM Discussion

  • #2,621
  • Feb 19, 2012 12:10am Feb 19, 2012 12:10am
Hi JasonHas the Return values of 0.1 pip Changed from $1.oo to $0.60 and for Standard Lot 1 from $10.00to $ 6.00. I am observing this on Demo Accts of FXCM, Alpari and Trading Point. Have the return been reduced??arasheed
  • #2,622
  • Feb 19, 2012 12:10am Feb 19, 2012 12:10am
Quoting AllenH
Fwiw .... I've been with FXCM Micro for over 2 years & I've never had a problem with their service or the MarketScope trading platform. The spreads are clearly available so I know in advance which price levels will trigger my stops.

AllenH
Completely. I too have been using fxcm for years and can't complain

I think one thing that might be catching people out is if they are selling, and you want to place your stop above the last high or resistance area, you need to put your chart on the ask option instead of the default bid option. If you place it on the bid chart you will get stopped out and price will not have gone that far.
I don't know if it's technically true but its what I've been doing and seems to work. But at the end of the day if you are constantly losing, it's probably not a 3 pip spread that is doing the damage!
  • #2,623
  • Feb 19, 2012 2:39am Feb 19, 2012 2:39am
I have to agree with Fosking
here is some useful information for new traders.
we are buying at the ask price and selling at the bid price.
allways! thats just the way it is.
so if you guys have the ask chart up and buying, going long,
you should not use the ask chart to place stops.
because you will have to sell that position so someone at the bid,
you are allways selling at bid guys, and buying at ask,
so what you should do is this, when you want to go long,
then use the bid chart to place stops, and when you want to go short,
then you must use the ask chart to place stops.
this is only at trading station, in Metatrader it is different because
Metatrader only show the bid chart, so if it's a long position
the stop will be correctly placed based on the chart but not at the short positions because then you must buy it back at ask,
what you must do in this case is to add the spread to your SL,
there is a possibility to add a ask line in MT4 but the chart is still based on the bid price.
if you do not use this you will be stopped out in the wrong places and sometimes it looks like you are stopped out even price is nowhere near your SL, this is because the the ask is allways higher then the bid, so if you place your stop at the bid on a bid chart, before price even comes near to your SL based on the Bid chart, the ask price have already stopped you out on a short position.
Bulls are stupid Animals!especially when Im short!
  • #2,624
  • Feb 20, 2012 1:14pm Feb 20, 2012 1:14pm
MT4 issue, my old MT4 won't log on, so downloaded new version, hassle setting it up but hey but new MT4 Demo just for charts doesn't have Gold which I mainly trade.

Failing to find other MT4 platforms which work on demo let alone 1 with gold.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #2,625
  • Feb 20, 2012 6:06pm Feb 20, 2012 6:06pm
Quoting Turveyd
MT4 issue, my old MT4 won't log on, so downloaded new version, hassle setting it up but hey but new MT4 Demo just for charts doesn't have Gold which I mainly trade.

Failing to find other MT4 platforms which work on demo let alone 1 with gold.
Windsdor Direct...good one
The Market pays you to be disciplined
  • #2,626
  • Feb 21, 2012 8:07am Feb 21, 2012 8:07am
Quoting titanmelvin
Hi Jason, how is FXCM markup calculated? If fixed, please give the markup rate


Fixed rate? For example:
Liquidity provider rate EUR/USD Sell;Buy 1.30000;1.30005 (Spread 0.5 pip)
FXCM marks up 1 pip on each side, EUR/USD becomes Sell;Buy 1.29999;1.30015 (Spread 2.5 pips)

Percentage based? For example:
Liquidity provider rate EUR/USD Sell;Buy 1.30000;1.30005 (Spread 0.5 pip)
FXCM marks up 200% of Spread, EUR/USD becomes Sell;Buy 1.30000;1.30015 (Spread 1.5 pip)

[b]Uncertain, based on FXCM's 'sole discretion'?...
Hi titanmelvin,

The pip mark-up is a fixed amount as per your fixed rate example. The pip mark-ups amounts are not publicly available, but you can compare the regular standard account with the active trader account to get an estimate for the pip mark-ups. Active Trader spreads plus commissions cost should be about a pip lower than the standard account cost.

Jason
  • #2,627
  • Feb 21, 2012 8:08am Feb 21, 2012 8:08am
Quoting AllenH
Fwiw .... I've been with FXCM Micro for over 2 years & I've never had a problem with their service or the MarketScope trading platform. The spreads are clearly available so I know in advance which price levels will trigger my stops.

AllenH
Welcome to the FXCM thread Allen!
  • #2,628
  • Feb 21, 2012 8:16am Feb 21, 2012 8:16am
Quoting mima
Jason, kindly can you post your charts of USDOLLAR : weekly and monthly, please?
Hi mima,

A screenshot of the weekly and monthly USDOLLAR chart is attached. The chart data begins on January 1, 2011 since that is the day the index was launched.

Jason
Attached Image (click to enlarge)
Click to Enlarge Name: usdollar weekly & monthly.png Size: 48 KB
  • #2,629
  • Feb 21, 2012 8:42am Feb 21, 2012 8:42am
Quoting arasheed
Hi JasonHas the Return values of 0.1 pip Changed from $1.oo to $0.60 and for Standard Lot 1 from $10.00to $ 6.00. I am observing this on Demo Accts of FXCM, Alpari and Trading Point. Have the return been reduced??arasheed
Hi arasheed,

We have not reduced pip values. Pip values can change for some currency pairs as the exchange rate itself changes. Your profit and loss is always in the second currency in the pair being traded, and then has to be converted back into the denomination of your account. If trading pairs such as EUR/USD, AUD/USD, and GBP/USD in a USD denominated account, your profit/loss is already in USD therefore the pip value will stay constant. If trading a pair such as USD/JPY or GBP/JPY, your profit/loss is in JPY and therefore has to be converted back into USD at the current USD/JPY exchange rate.

The current pip value of USD/JPY for 1 standard lot is $12.54. You get this amount by dividing the profit/loss on a 1 pip movement ¥1000 by the current USD/JPY exchange rate of ¥79.73. If USD/JPY exchange rate increases to 100.00, the pip value will then be $10.00 (¥1000 / ¥100 = 10.00)

A change in pip value from $10 to $6 would be fairly drastic and I suspect you may be using a GBP denominated account rather than a USD denominated account if the pip value is 6 rather than 10. Pip value in a USD denominated account for GBP/USD is $10 for a 100k lot compared to a pip value of roughly £6.33 in a GBP denominated account.

Jason
  • #2,630
  • Feb 21, 2012 9:01am Feb 21, 2012 9:01am
Quoting Turveyd
MT4 issue, my old MT4 won't log on, so downloaded new version, hassle setting it up but hey but new MT4 Demo just for charts doesn't have Gold which I mainly trade.

Failing to find other MT4 platforms which work on demo let alone 1 with gold.
Hi Turveyd,

FXCM's MT4 platform has gold available if you register for the demo through FXCM UK or directly through the MT4 platform. There will be no CFD's if you register for the demo through the US website fxcm.com.

Gold won't appear automatically so you need to add it through the symbols menu. Let me know if you need any help.

Jason
  • #2,631
  • Edited 10:45am Feb 21, 2012 9:26am | Edited 10:45am
Quoting Jason Rogers
Hi Turveyd,

FXCM's MT4 platform has gold available if you register for the demo through FXCM UK or directly through the MT4 platform. There will be no CFD's if you register for the demo through the US website fxcm.com.

Gold won't appear automatically so you need to add it through the symbols menu. Let me know if you need any help.

Jason
Thanks will have a look at entering the symbol searched elsewhere 1 had gold then it vanished!


solution to adding gold is, get the Market watch up, right click that and go Symbol!! All back to normal
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #2,632
  • Feb 21, 2012 3:58pm Feb 21, 2012 3:58pm
Quoting Jason Rogers
Hi mima,

A screenshot of the weekly and monthly USDOLLAR chart is attached...

Jason

Sorry Jason, by default I thought you will post USDOLLAR chart on MT4...
So again please post USDOLLAR weekly and monthly charts on MT4 and with volume. Thank you and I apologise for not being clear what I wanted from you.
The Market pays you to be disciplined
  • #2,633
  • Feb 21, 2012 4:48pm Feb 21, 2012 4:48pm
Quick question Jason, is there any way to export live prices from TS2 for use in Excel or another application such as it can be done in MT4 (DDE)?

I'd just use MT4 but there's a difference in pip markup.. plus I'd like to get a feed from Active Trader as well..
FXGears.com
  • #2,634
  • Feb 21, 2012 8:20pm Feb 21, 2012 8:20pm
Jason,
Is Active Trader acc available for TS2?
  • #2,635
  • Feb 22, 2012 6:02am Feb 22, 2012 6:02am
Quoting Jason Rogers
Hi titanmelvin,

The pip mark-up is a fixed amount as per your fixed rate example. The pip mark-ups amounts are not publicly available, but you can compare the regular standard account with the active trader account to get an estimate for the pip mark-ups. Active Trader spreads plus commissions cost should be about a pip lower than the standard account cost.

Jason
Hi Jason,

I'm using FXCM micro UK and only have access to FXCM active trader demo. When comparing the Buy(Ask) tick chart of micro and AT demo, the difference isn't fixed, sometimes the markup is 1.2 pips, 1.4 pips, 1.7 pips, 2.1 pips etc... Btw, I'm not talking about the spread.

Can you do me a favour please? I asked support but did not get a reply! I need USD/JPY tick data XML from 10/31/2011, 01:40 GMT [ 10/30/2011, 21:44 ET ] to 10/31/2011, 01:47 GMT [ 10/30/2011, 21:47 ET ], for both FXCM AT live & micro live.
  • #2,636
  • Feb 22, 2012 8:16am Feb 22, 2012 8:16am
Quoting mima
Sorry Jason, by default I thought you will post USDOLLAR chart on MT4...
So again please post USDOLLAR weekly and monthly charts on MT4 and with volume. Thank you and I apologise for not being clear what I wanted from you.
No worries. Attached is the screenshot from MT4.

Here's the link for the MT4 demo for real-time access to the data http://www.fxcm.co.uk/metatrader.jsp
Attached Image (click to enlarge)
Click to Enlarge Name: usdollar 2-22-2012 11-14-39 AM.png Size: 46 KB
  • #2,637
  • Feb 22, 2012 8:19am Feb 22, 2012 8:19am
Quoting Jack_Larkin
Quick question Jason, is there any way to export live prices from TS2 for use in Excel or another application such as it can be done in MT4 (DDE)?

I'd just use MT4 but there's a difference in pip markup.. plus I'd like to get a feed from Active Trader as well..
Hey Jack,

Yes, there is. FXCodeBase has a DDE application available http://fxcodebase.com/code/viewtopic.php?f=31&t=4159 .

Jason
  • #2,638
  • Feb 22, 2012 8:22am Feb 22, 2012 8:22am
Quoting Julian_Ass
Jason,
Is Active Trader acc available for TS2?
Hi Julian_Ass,

Active Trader can be setup on any of our platforms whether it be TS2, MT4 or the Active Trader platform. The demo is only available publicly on the Active Trader platform, but if you get in contact with the Active Trader team I believe they can create a demo for you on the other platform.

Jason
  • #2,639
  • Feb 22, 2012 8:54am Feb 22, 2012 8:54am
Quoting titanmelvin
Hi Jason,

I'm using FXCM micro UK and only have access to FXCM active trader demo. When comparing the Buy(Ask) tick chart of micro and AT demo, the difference isn't fixed, sometimes the markup is 1.2 pips, 1.4 pips, 1.7 pips, 2.1 pips etc... Btw, I'm not talking about the spread.

Can you do me a favour please? I asked support but did not get a reply! I need USD/JPY tick data XML from 10/31/2011, 01:40 GMT [ 10/30/2011, 21:44 ET ] to 10/31/2011, 01:47 GMT [ 10/30/2011, 21:47 ET ], for both FXCM AT live & micro live.
Hi titanmelvin,

The easiest way to get tick data for the micro account is by using the Marketscope chart inside Trading Station desktop. First, create a chart for the time period you want, then goto the top left of the chart and click on File > Export to Excel. For active trader tick data, you would need to speak with programming services about getting the data and their contact information is [email protected] or by phone 212-897-7660, ext. 702139.

Jason
  • #2,640
  • Feb 22, 2012 9:09am Feb 22, 2012 9:09am
Quoting Jason Rogers
Hey Jack,

Yes, there is. FXCodeBase has a DDE application available http://fxcodebase.com/code/viewtopic.php?f=31&t=4159 .

Jason

fantastic!

Is there any way to get this to work with Active Trader? Since it appears that the extension needs to be installed within the desktop app and last I checked AT was a web platform only.
FXGears.com
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