manual execution POLL

 
Quote:
 
 
Listen to me boy; all the accounts that have been put on manual 
deserve it, including mine. 
No one can exploit the feed lag for ever. 

Quoting Liquid4x

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Quoting Frank

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PHP Code

 
Quote:
 
 
Listen to me boy; all the accounts that have been put on manual 
deserve it, including mine. 
No one can exploit the feed lag for ever. 

Ignored

Quoting Liquid4x

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Lately I have seen a great number of comments regarding FXCM accounts...
It has come to my attention that quite a few FF members' accounts are on or have been on manual execution.
This anonymous poll will illustrate and help us see how often our accounts are unfairly handicapped.
Any additional comments, stories and/or experience details would be greatly appreciated.
Thank you in advance,
Liquid

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Quoting MoneyMa$ter

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Below is my verbatim communication with FXCM after they refused to execute my order during NFP. First message I received was that the price had moved. Once I passed that hurdle (with precious seconds ticking), their next message was "waiting for dealer approval". At the time, I didn't know what it meant. However, I no longer trade with FXCM since I too was placed on manual execution:


FXCM)5: How can I help you?
You: Tried to get in on this morning's movements after the NFP but the trade wouldn't execute.
FXCM)5: Professional traders do not trade during the NFP news release because execution speed and certainty can not be guaranteed.
You: Actually tried to enter the trade prior to the release. Message I received was the price had changed.
You: Any comments as to how far in advance of the release I should create the order?
FXCM)5: Why would you want to be in the market before the release?
FXCM)5: You can not control your maximum losses when you are in the market when the report is released.
You: I'd want in to capture the move, to ensure I get in the market. So I cannot control my losses with a stop loss order or by canceling the order.
You: That was a question.
FXCM)5: You can not limit your losses with a stop loss, because a stop order is a market order and ther is no guarantee that the market
FXCM)5: does not gap well beyond your stop price resulting in a large loss for you.
FXCM)5: Fixed-rate options trading is a unique online currency option trading product from FXCM. This options system allows traders to profit from a correct market view using exotic options and limiting the risk to the cost of the option only.
FXCM)5: You can learn more at the following link: http://www.forex-options.com/
You: Alright thanks. But overall Evan, that's not good.... the demo account allows such execution just prior to and immediately following an announcement. Stop loss orders execute and, trailing stops, and cancellations. In fact, a rep toldl me execution was better for live accounts because the server was faster.
FXCM)5: Thank you and take care.

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