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  • #3,341
  • Jan 29, 2013 2:40pm Jan 29, 2013 2:40pm
Quoting monocor
What is the min deposit in order to start with zulutrade ??? I asked 3 times and I got 3 different answers $ 200 , $ 500 , $ 300. So, what min I have to deposit in order to try zulu. I spend more than hour in order to get answers and which one is true. Chat is horrible I had to wait 5 min in order to get answer on one question. Like what this means...please 2 min, 5 min after answer, over and over again, horrible.

And How can I get answer about min deposit for zulu????? Probably opening account with Fxcm was mistake
Hi Monocor,

There seems to be some confusion here. To open a Zulutrade account is the minimum is $50. The reps you chatted with might have been referring to amounts you might want to consider depositing based on your trading goals, since the minimum is barely enough for one trade. Here's a report on DailyFX.com based on statistics from tens of thousands of trading accounts that can offer guidance: http://www.dailyfx.com/forex/educati...orex_with.html

Welcome to the forum

Jason
  • #3,342
  • Jan 29, 2013 3:31pm Jan 29, 2013 3:31pm
Thank you Jason, you are first person which gives a reasonable answer. Can you please explain it to me, I am not really understand. I want to deposit $400 just for Zulu in order to try it, is it gonna be enough ?? And how is it works, do they, from zulu, connect account to their program ??? Who is choosing min deposit for zulu is it FXCM call or zulu ?? The Lady from fxcm told me that I gonna use zulu, so they have to decide what is the min deposit and FXCM have noting to do with account, because zulu is gonna be provider, no idea how is it works.
I opened account with FXCM, can you explain how is it works with zulu, I got really confused from those chats.

Thank you !!!
Even though I walk through the darkest valley, I will fear no evil
  • #3,343
  • Jan 30, 2013 5:17pm Jan 30, 2013 5:17pm
Quoting monocor
Thank you Jason, you are first person which gives a reasonable answer. Can you please explain it to me, I am not really understand. I want to deposit $400 just for Zulu in order to try it, is it gonna be enough ?? And how is it works, do they, from zulu, connect account to their program ??? Who is choosing min deposit for zulu is it FXCM call or zulu ?? The Lady from fxcm told me that I gonna use zulu, so they have to decide what is the min deposit and FXCM have noting to do with account, because zulu is gonna be provider, no idea how is it works....
Hi Monocor,

Much will depend on the number of lots and the number of trades that you will have open at one time on your ZuluTrade account.

From the ZuluTrade website: When logged into your account at ZuluTrade, go to your account settings page. From there select the ‘max open lots’ drop down menu’, this allows you the set the number of total lots you wish a provider to have open at any one time, before he can open any more lots. Also, next to each provider's name you have selected, there is a drop down selection called ‘lots’. This pertains to the number of lots to be traded on each individual trade. For example: if you wish each provider to trade with 2 lots per trade, but wish there to be no more than 2 trades open at a time. Then you would set max open lots to 4, and number of lots next to your providers name to 2.

As a general rule of thumb, you probably want to have at least $100 in your account for each 1k microlot you could have open to leave yourself enough usable margin to manage open trades. So with $400 you could have 4 microlots open. That could be 4 trades of 1 microlot each, or 2 trades of 2 microlots each just as an example.

In regards to the account setup, you will receive login details for the platform, after completing the steps on this page. Once your account is open and funded, you will be able to select your system(s) on the ZuluTrade platform to begin placing trades in your account.

Jason
  • #3,344
  • Feb 1, 2013 4:33pm Feb 1, 2013 4:33pm

http://img7.imageshack.us/img7/2576/...rtopforext.png



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  • #3,345
  • Edited 10:43pm Feb 3, 2013 9:56pm | Edited 10:43pm
Quoting Nellycopter
Hi All,
i have read through most pages on here, and thought it may be quicker to just ask the question,
is the one click order /sl/tp small panel on the chart avalable for fxcm MT4 ?
i have seen it everywhere but it seems to be broker dependent ?

regards
Like Jason just posted, most traders using MT4 also have the possibility to add custom scripts. I actually use the ones by FXCM for my trading even if im not always trading on their server, so you get flexibility there also.
If you aim for the stars- but miss, you still get the moon...
  • #3,346
  • Feb 6, 2013 5:34pm Feb 6, 2013 5:34pm
Quoting Jason Rogers
Hi McTrade,

I've asked one of my colleagues who's more familiar with these formulae to take a look at your question. I'll post a response for you as soon as he's finished reviewing your examples.

Jason

Hello Jason,

I´ve waited for your response but heard nothing.

Can you please explain me how the Pivot Points in the Trading Station 2 are calculated?

They seem to be wrong.

Here another example, pictures say more than words.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD CAD Weekly Pivot Points.jpg Size: 77 KB
Click to Enlarge Name: USD CAD Daily Chart with Weekly Pivot Points.jpg Size: 142 KB
Click to Enlarge Name: USD CAD MT4 Daily Charts with Weekly Pivot Points.jpg Size: 90 KB
Attached Image
It ain`t no big thing, but it`s growing.
  • #3,347
  • Feb 6, 2013 5:40pm Feb 6, 2013 5:40pm
Here another example of FXCM`s great charting software.

What is this? A candle in the wind???
Attached Image (click to enlarge)
Click to Enlarge Name: USD CAD Weekly Chart.jpg Size: 91 KB
It ain`t no big thing, but it`s growing.
  • #3,348
  • Feb 6, 2013 6:27pm Feb 6, 2013 6:27pm
some time you gotta do it the manual way http://www.pivotpointcalculator.com/
  • #3,349
  • Feb 7, 2013 9:16am Feb 7, 2013 9:16am
Hello Jason,

can you please explain me the following FXCM - Charts?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD CAD.jpg Size: 94 KB
Click to Enlarge Name: USD CAD Weekly Realtime Chart.jpg Size: 87 KB
Click to Enlarge Name: EUR CHF.jpg Size: 93 KB
Click to Enlarge Name: EUR CHF Weekly Realtime Chart.jpg Size: 80 KB
Click to Enlarge Name: USD CHF.jpg Size: 97 KB
Click to Enlarge Name: USD CHF Weekly Realtime Chart.jpg Size: 85 KB
It ain`t no big thing, but it`s growing.
  • #3,350
  • Feb 7, 2013 11:18am Feb 7, 2013 11:18am
Another little issue again???

So, with which charts can I calculate the pivot points manually?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR NZD.jpg Size: 91 KB
Click to Enlarge Name: EUR NZD Weekly Realtime Chart.jpg Size: 81 KB
Click to Enlarge Name: AUD CAD.jpg Size: 99 KB
Click to Enlarge Name: AUD CAD Weekly Realtime Chart.jpg Size: 80 KB
Click to Enlarge Name: GBP JPY.jpg Size: 89 KB
Click to Enlarge Name: GBP JPY Weekly Realtime Chart.jpg Size: 81 KB
It ain`t no big thing, but it`s growing.
  • #3,351
  • Feb 7, 2013 2:29pm Feb 7, 2013 2:29pm
Quoting mctrade
Hello Jason,

I´ve waited for your response but heard nothing.

Can you please explain me how the Pivot Points in the Trading Station 2 are calculated?

They seem to be wrong.

Here another example, pictures say more than words.
Hi McTrade,

I haven't forgotten about you. I forwarded the screenshots of the pivot points on Trading Station that you provided to our developers, and there was an error with the indicator as you mentioned. So far they have fixed the error for all the time frames except the weekly pivots. I notice that your most recent screenshots are of the weekly pivots. Please confirm whether or not you are now seeing the correct levels for the other time frames. The pivot levels on DailyFX.com should be correct: http://www.dailyfx.com/technical_analysis/pivot_points

Thanks again,
Jason
  • #3,352
  • Feb 8, 2013 1:02am Feb 8, 2013 1:02am
Jason,

Does the FXCM micro station allow me to have the vertical lines not go over the candlesticks? I'd like to be able to see the wicks, but they are under the lines. If not, then I think this is a little tweak that I can see no reason against.

Thanks.
Play the players, not the cards.
  • #3,353
  • Feb 8, 2013 4:54am Feb 8, 2013 4:54am
Quoting mctrade
Another little issue again???

So, with which charts can I calculate the pivot points manually?

Fxcm opens later than most, so what your seeing is the gap from the weekend and first hour of trading being missed.

You will find the same on other feeds.

I like FXCM never had an issue with them, if you don't like them stop bashing them, go elsewhere its fairly simple.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #3,354
  • Feb 8, 2013 9:57am Feb 8, 2013 9:57am
Quoting Turveyd
Fxcm opens later than most, so what your seeing is the gap from the weekend and first hour of trading being missed.

You will find the same on other feeds.

I like FXCM never had an issue with them, if you don't like them stop bashing them, go elsewhere its fairly simple.

Hello Turveyd,

I compared some of my Trading Station 2 charts with FXCM`s live charts in the internet.

FXCM`s live charts don`t show these "weekend gaps".

These gaps are only in my Trading Station 2.

Here again some screenshots:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD CAD.jpg Size: 132 KB
Click to Enlarge Name: USD CAD TS 2.jpg Size: 83 KB
Click to Enlarge Name: USD CHF.jpg Size: 123 KB
Click to Enlarge Name: USD CHF TS 2.jpg Size: 87 KB
Click to Enlarge Name: EUR CHF.jpg Size: 118 KB
Click to Enlarge Name: EUR CHF TS 2.jpg Size: 77 KB
It ain`t no big thing, but it`s growing.
  • #3,355
  • Feb 8, 2013 10:17am Feb 8, 2013 10:17am
Quoting GnarlyPips
Jason,

Does the FXCM micro station allow me to have the vertical lines not go over the candlesticks? I'd like to be able to see the wicks, but they are under the lines. If not, then I think this is a little tweak that I can see no reason against.

Thanks.
Hi GP,

Here's what I do to make the candle wicks easier to see when plotting vertical lines:

http://img820.imageshack.us/img820/4...3february0.png

1. In the Verticle Line Properties window, tick the "Show in background" box.

http://img715.imageshack.us/img715/8...icallinepr.png

2. Also, select a line color and style that will show up well against your candle and chart background colors.

http://img16.imageshack.us/img16/908...lorschemes.png

3. In the chart Options window, go to Color Schemes and select "Light (White)".

Jason
  • #3,356
  • Feb 8, 2013 10:37am Feb 8, 2013 10:37am
Quoting mctrade
Hello Turveyd,

I compared some of my Trading Station 2 charts with FXCM`s live charts in the internet.

FXCM`s live charts don`t show these "weekend gaps".

These gaps are only in my Trading Station 2.

Here again some screenshots:
Hi McTrade,

Thanks for pointing this out. It will be resolved during this weekend's scheduled maintenance, and that in turn should correct the error with the weekly pivot levels you mentioned earlier. Did you get a chance to confirm whether you can now see the correct pivot levels for the other time frames aside from the weekly pivots?

Thanks again, and I apologize for the inconvenience.

Jason
  • #3,357
  • Edited 2:07pm Feb 8, 2013 1:48pm | Edited 2:07pm
Quoting PoundTrader
some time you gotta do it the manual way http://www.pivotpointcalculator.com/

Hello PoundTrader,


thank you for the link to the pivot point calculator.

I have a question to you:

Do you have an idea, which is the correct formula for calculating standard pivot points for the forex markets?

I mean the formula, which most traders use.

In the past I used this pivot point calculator here: http://www.forexticket.co.uk/en/tools/03-01-pivot-point

It calculates the standard pivot points with the following formula:

R3 = H + 2 * ( Pivot - L )

R2 = Pivot + ( H - L )

R1 = ( 2 x Pivot ) - L

Pivot = ( H + L + C ) / 3

S1 = ( 2 x Pivot ) - H

S2 = Pivot - ( H - L )

S3 = L - 2 * ( H - Pivot )

I still have the problem with the support 3 and the resistance 3 levels.Because of that also with the midpoint levels M0 and M5.
The calculator which you posted here calculates the S3 and R3 levels a little different with the formula Pivot Point + Range * 2.
In the options you can change the formula to L - 2 * (High - Pivot Point).

The Daily FX website from FXCM show the S3 and R3 levels calculated with Pivot Point + Range * 2.

Other websites like actionforex.com show the S3 and R3 levels calculated with L - 2 * ( High - Pivot Point ).

I think both formulas are correct, but I don`t know which one I should use in trading.

Which one is most used by traders? Does it matter which Pivot Points I should use?

For example again 2 screenshots:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily FX.jpg Size: 63 KB
Click to Enlarge Name: Action Forex.jpg Size: 155 KB
It ain`t no big thing, but it`s growing.
  • #3,358
  • Feb 8, 2013 4:52pm Feb 8, 2013 4:52pm
Quoting mctrade
Hello PoundTrader,


thank you for the link to the pivot point calculator.

I have a question to you:

Do you have an idea, which is the correct formula for calculating standard pivot points for the forex markets?

I mean the formula, which most traders use.

In the past I used this pivot point calculator here: http://www.forexticket.co.uk/en/tools/03-01-pivot-point

It calculates the standard pivot points with the following formula:

R3 = H + 2 * ( Pivot - L )

R2 = Pivot + ( H - L )...
The link you showed me is accurate, you can use the one i showed you for other reasons like i do, i build a trading system off of it base on price action.
  • #3,359
  • Feb 8, 2013 7:38pm Feb 8, 2013 7:38pm
Just a reminder: HKG33 will be closed for trading on Monday, February 10th through Wednesday, February 12th in observance of the Lunar New Year.

http://img685.imageshack.us/img685/4...ear2013feb.png


Here's wishing you health and prosperity in the Year of the Snake
  • #3,360
  • Feb 11, 2013 9:52am Feb 11, 2013 9:52am
Quoting Jason Rogers
Just a reminder: HKG33 will be closed for trading on Monday, February 10th through Wednesday, February 12th in observance of the Lunar New Year.

http://img685.imageshack.us/img685/4...ear2013feb.png


Here's wishing you health and prosperity in the Year of the Snake
Correction on the dates: HKG33 will be closed for trading until Wednesday, February 13th at 8:15pm New York time.
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