FXCM Discussion | Page 204 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

FXCM with Sierra Charts - Discussion and alternatives 8 replies

Elliott Waves discussion 4 replies

FXCM gets another CFTC fine, while Drew Niv leaves FXCM UK board 17 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: FXCM Discussion
Exit Attachments

FXCM Discussion

  • #4,061
  • Nov 1, 2013 12:11pm Nov 1, 2013 12:11pm
Quoting saveinves
Hi Jason Can you tell me all FXCM official website for every country?
Hi Saveinves,

You can visit FXCM's Global Portal for information our websites worldwide. FXCM Indonesia is one of our newest websites and is in the process of being added to the Global Portal.
  • #4,062
  • Nov 1, 2013 2:15pm Nov 1, 2013 2:15pm
Quoting RedLineFred
Hi Jason, My question relates to the order execution time we can expect when running an EA. I am only running a demo account presently, and have noticed that the time between sending an order and it being executed can run to several minutes. Is this typical of the demo accounts? What could i expect on a live account? thx Fred
Hi Fred,

Even on a demo, it shouldn't take that long. What you're describing could possibly indicate a tech issue or extreme latency affecting the internet connection between your computer in Australia and our MT4 servers in the US.

Here's another thought: Are you using a broadband connection? I remember when I was in Australia that if I went over my monthly data limit, my connection speed would be "shaped" down to dial-up speeds. If something like that happened to you, then you might not have enough bandwidth for all the price data that is streamed to your platform.

A solution that could help you address any of these potential problems would be to use a Virtual Private Server (VPS). Running MT4 on co-located VPS is like connecting to our servers from a computer that's right next door. The other advantage is that you can run your EA 24 hours a day, even if your own computer is turned off or disconnected from the internet for any reason. A typical VPS will cost you about $30 or $40 per month, but if your FXCM account has a balance of at least $5000, you can get VPS access for free.

Jason

PS: I notice your forum name is RedLineFred. Is that a racing reference? I'll be heading down to Austin in a couple of weeks for the US Grand Prix.
  • #4,063
  • Nov 1, 2013 8:50pm Nov 1, 2013 8:50pm
Hi Jason,

Thanks for getting back to me.

I don't think my issue relates to my internet connection - I have a strong, high bandwidth connection and its working well with other services.

When I look at the journal entries (see attached) you can see that I get a reply from your server that the order has been accepted by the server but then times out.

As an example - see the time stamp 06:03:25, this was received and acknowledged within a few seconds, but then failed to close. Any idea why?

RedLineFred - this was first used on a four wheel drive adventure tour, whenever approaching a tricky obstacle I had a tendency to rev it up, to clear the way. The 50ema tends to also be red on most charts - so it stuck.

cheers, Fred
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM.jpg Size: 602 KB
" check out The Traders Outpost "
  • #4,064
  • Nov 2, 2013 4:52am Nov 2, 2013 4:52am
Hi Jason,

Please I am a prospective client of FXCM and I deal in large volumes. I have been trying to actually find out if I can trade on your FXCMPro platform but it seems none of your sites I visited offers the platform to retail clients. Can you please guide me on how to proceed and may I also know the minimum deposit required to trade on the FXCMPro platform?
If you can, I'd be delighted on leverage information on the said platform. Thank you and have a lovely weekend.
money making
  • #4,065
  • Nov 4, 2013 6:18pm Nov 4, 2013 6:18pm
Quoting RedLineFred
Hi Jason, Thanks for getting back to me. I don't think my issue relates to my internet connection - I have a strong, high bandwidth connection and its working well with other services. When I look at the journal entries (see attached) you can see that I get a reply from your server that the order has been accepted by the server but then times out. As an example - see the time stamp 06:03:25, this was received and acknowledged within a few seconds, but then failed to close. Any idea why? RedLineFred - this was first used on a four wheel drive adventure...
I wish we could change some of the messages the MT4 platform sends, because their wording can be confusing. When the journal on your MT4 demo account says that your "request was accepted by server", what it actually means is that the request has been sent from your terminal. Orders sent from the MT4 platform timeout if no response is received from the server within a few minutes. Your trade journal indicates that several orders sent from your demo account never received a response. Those messages are consistent with a connection problem between your computer and our servers.

It's possible that your connection to other locations is not affected, which is why you can still access other services. I still think VPS would be the best solution to provide a stable, fast connection to our servers and the ability to run your EA non-stop, even when your computer is disconnected from the internet. To confirm this, we could try running a trace route to test the connection between your location and ours. If you'd like to do this, please send me a private message with your contact details and demo login details.

PS: Interesting story behind your forum name. Thanks for sharing
  • #4,066
  • Nov 4, 2013 6:27pm Nov 4, 2013 6:27pm
Quoting flybiz08
Hi Jason, Please I am a prospective client of FXCM and I deal in large volumes. I have been trying to actually find out if I can trade on your FXCMPro platform but it seems none of your sites I visited offers the platform to retail clients. Can you please guide me on how to proceed and may I also know the minimum deposit required to trade on the FXCMPro platform? If you can, I'd be delighted on leverage information on the said platform. Thank you and have a lovely weekend.
Hi Flybiz,

The reason you weren't able to find information about FXCM Pro on our websites for retail clients is because the platform is designed for institutional clients such as banks and hedge funds. However, our FXCM Pro division would be happy to answer your questions about their services if you contact them directly.

Jason
  • #4,067
  • Nov 5, 2013 1:45am Nov 5, 2013 1:45am
Salutations Jason and Valeria. I just created my first strategy using FX Strategy Wizard. I must say it's a pretty cool program. It definitely makes things a lot easier, and I don't have to bother the folks at fxcodebase as much. LOL Anyway, check out the backtesting results. I wanted to see what my strategy could do with a tiny little micro account.

Attached Image (click to enlarge)
Click to Enlarge Name: My First Strategy.jpg Size: 176 KB


The balance over time makes a nice stair stepping pattern with minimal draw downs between steps, but you'll notice that the equity balance has blow off tops and then falls. I think I can overcome that with regular adult supervision though, since obviously I'll be able to watch for topping and bottoming price structure and choke stops up accordingly. Even with the 500% gain from the beginning of the year, this strategy is conceptually pretty basic, but I think I can do even better by manually applying what I know from my studies and experience, and those things... I haven't a clue how to program. If any astro physicists happen to read this, feel free to shoot me a PM. LOL
Get money, don't let money get you. @kauaiforex
  • #4,068
  • Nov 5, 2013 7:59am Nov 5, 2013 7:59am
Hi Rob,

Total Profit/Loss = Final Balance - Start Balance
  • #4,069
  • Nov 5, 2013 2:58pm Nov 5, 2013 2:58pm
Quoting NoJobRob
Salutations Jason and Valeria. I just created my first strategy using FX Strategy Wizard. I must say it's a pretty cool program. It definitely makes things a lot easier, and I don't have to bother the folks at fxcodebase as much. LOL Anyway, check out the backtesting results. I wanted to see what my strategy could do with a tiny little micro account. {image} The balance over time makes a nice stair stepping pattern with minimal draw downs between steps, but you'll notice that the equity balance has blow off tops and then falls. I think I can overcome...
Hi Rob,

I'm glad to hear you're finding the FX Strategy Wizard on FXCodeBase useful in developing your strategy. One thing I would emphasize is that equity is what matters, not balance. That's because equity takes into account floating profits and losses, while balance does not. Put it this way, I would rather have an equity of 11k with a balance of 10k, than an equity of 10k with a balance of 11k.
  • #4,070
  • Nov 7, 2013 4:42pm Nov 7, 2013 4:42pm
Hi Valeria. I hope you're having a good week. Question: When can we expect a more robust version of Strategy Wizard? It's a very cool program, but it could be even cooler if users could add more optional parameters to their strategies. Right now all that seems to show up (besides indicator parameters) are:

Account
Allowed Side
Allow Multiple Positions
tf

It'd be pretty awesome if Strategy Wizard would (by default) incorporate all the other parameters as well such as:

Trade Amount in Lots
Set Limit Orders
Limit Orders in Pips
Set Stop Orders
Stop Orders in Pips
Trailing Stop Order
Maximum Number of Open Positions

and all the time and alert parameters as well. The more customization allowed the better.

Lastly, do you know of any good resources for quickly learning how and where to insert these functions into strategies? The more idiot-proof, the better.

Thanks for your assistance, and keep up the good work. You guys have done some pretty cool things for MarketScope. It does not go unnoticed or unappreciated, I can assure you.
Get money, don't let money get you. @kauaiforex
  • #4,071
  • Nov 7, 2013 4:54pm Nov 7, 2013 4:54pm
Just to clarify, this is what I mean by allowing more parameters to be customized: Even though you can select some of these while building the strategy, the option to adjust the parameters is not there when you load the strategy. That's what I'm mainly talking about, but would of course like more parameter options to be included in strategies by default.

This is how my strategies are coming out:

Attached Image (click to enlarge)
Click to Enlarge Name: Fewer Parameters.jpg Size: 23 KB




This is how I would like them to come out:

Attached Image (click to enlarge)
Click to Enlarge Name: Many Parameters.jpg Size: 63 KB
Get money, don't let money get you. @kauaiforex
  • #4,072
  • Nov 7, 2013 6:35pm Nov 7, 2013 6:35pm
Below are the holiday trading hours for CFDs in November. Forex trading hours are as normal. Times below are in EST (GMT -5)

http://img35.imageshack.us/img35/6673/uapa.png
  • #4,073
  • Nov 8, 2013 5:54am Nov 8, 2013 5:54am
Hi Rob,

Thank you for the positive feedback I have forwarded your suggestion to the developers.
Almost all requested parameters you can set manually in the Strategy Wizard. If set them by default it can be unnecessary for some strategies.
And not all users may need them.

The current solution for you is to create one project with the necessary parameters and save it as a sample for the future using.
For example, you can set a customer parameter "Maximum Number of Open Positions", then in the formula set something like if amount of open positions < Maximum Number of Open Positions, then open a new position.

Maybe in the future version there will be added samples for some types of strategies. it should be discussed with the development team.
  • #4,074
  • Nov 8, 2013 8:35am Nov 8, 2013 8:35am
What I'm confused with FXCM is, why the margin of a lot of EURUSD is $750? It's weird and doesn't connect to the real price.
  • #4,075
  • Nov 8, 2013 11:47am Nov 8, 2013 11:47am
Quoting wqking
What I'm confused with FXCM is, why the margin of a lot of EURUSD is $750? It's weird and doesn't connect to the real price.

Hi Wqking,

Welcome to the forum

Based on your margin question, it sounds like you signed up for a demo account denominated in US Dollars from our FXCM UK website. The default margin settings on FXCM UK accounts require you to set aside approximately 0.5% margin for each trade. Below is a table showing the exact margin requirements for each currency pair:

http://img196.imageshack.us/img196/5166/u71h.png


Note that for accounts denominated in US Dollars, the margin requirement for currency pairs where USD is the base currency (such as USD/JPY) is exactly 0.5% or $5.00 per 1k lot. The margin requirement for currency pairs where USD is not the base currency (such as EUR/USD) is determined by taking a percentage of the notional trade size plus a small cushion. A cushion is added to help alleviate daily/weekly fluctuations. Otherwise, your margin requirement on a trade for EUR/USD would change constantly as the price updates.

The margin requirement for 1k EUR/USD is $7.50 which is why for a 100k position the margin requirement is $750. If you have a Euro-denominated trading account, then the margin requirement for all EUR-based pairs is exactly 0.5% or €5.00 per 1k, as you can see below:

http://img801.imageshack.us/img801/8767/c59k.png



Please let me know if you have any further questions.

Jason
  • #4,076
  • Nov 11, 2013 6:41pm Nov 11, 2013 6:41pm
Since CFD trading isn't available in the US, some of you have asked me how US traders can view charts for stock indices on Marketscope. One option that I've mentioned in the past is to register a demo with FXCM UK that allows you to view charts of CFD products. Another option, if you prefer to view these charts on your live account is to use the SHOWIDX.lua custom indicator from FXCodeBase. This indicator allows you to view the following indices on daily, weekly and monthly charts:

  1. Dow Jones
  2. NASDAQ
  3. S&P 500
  4. FTSE 100
  5. 10 Year bonds
  6. Bel-20
  7. CAC 40

http://img607.imageshack.us/img607/3554/c76q.png

  • #4,077
  • Nov 11, 2013 6:46pm Nov 11, 2013 6:46pm
I keep getting my positions closed and profits / sl removed for no reason !!

Closing account.
  • #4,078
  • Nov 11, 2013 7:00pm Nov 11, 2013 7:00pm
Quoting mm2mm
I keep getting my positions closed and profits / sl removed for no reason !! Closing account.
Your trades would never be closed without reason. If you didn't place an order to close them yourself, then it's possible you had insufficient margin to maintain your open trades. The first step in determining why your positions were closed out is to view your account statement. You can do this by clicking on the Report button at the top of your Trading Station. In the Closed Positions section of the report, look at the Condition column. It will tell you the reason why your trades were closed. If you still have questions, please let me know, or for immediate assistance, you can contact our live customer support team 24 hours a day via phone or online chat.
  • #4,079
  • Nov 12, 2013 7:30am Nov 12, 2013 7:30am
sad to hear big brother doesnt allow its citizens to trade CFD's, the land of the free right ?
anyway any idea if we get to trade the VIX on FXCM anytime soon Jason ?
Enter Signature
  • #4,080
  • Nov 12, 2013 6:07pm Nov 12, 2013 6:07pm
Quoting johninthai
any idea if we get to trade the VIX on FXCM anytime soon Jason ?
While it's not currently possible to trade VIX with FXCM, you can still view it on Trading Station's Marketscope charts using the Yahoo Finance Chart View. This custom chart view from FXCodeBase.com will allow to see charts for any symbol that's available on Yahoo Finance.

http://img4.imageshack.us/img4/858/x4xs.png


For example, you can chart VIX by entering the symbol ^VIX, and you can chart the Dow Jones FXCM Dollar Index by entering the symbol ^USDOLLAR.
15 traders viewing now