manual execution POLL | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NDD execution with no requotes or ECN execution with no requote 30 replies

MT4 Order Type: "Instant Execution" vs "Market Execution" 2 replies

Multi-entry=scalping=manua l execution ? 2 replies

EA execution, same EA on two charts??? 2 replies

Auto order execution for MT4? 1 reply

Attachments: manual execution POLL
Exit Attachments

manual execution POLL

  • #41
  • Jul 6, 2006 5:22pm Jul 6, 2006 5:22pm
No appology needed I just could not see it. And wondered what happened.
thanks Scott


Quoting highway3000
Thanks MrGreen. That was a good idea. I found my other supposed " deleted post " moved to classified ads and the reply to this thread in another place. Sorry members ! ! It was probably my own fault. Should have searched for it first before posting my remarks. My apology SM Jones and Liquid4x.

Highway
  • #42
  • Jul 6, 2006 5:24pm Jul 6, 2006 5:24pm
Who only gave you 2/3 of your money back and did they say why?

Scott
Quoting leonv
hi,
i have the same problem with my current broker, i closed the account but he only gave me 2/3 of my money back, any ideas how to get the rest of the money back? and what is your current broker after you closed the account?
  • #43
  • Jul 6, 2006 5:30pm Jul 6, 2006 5:30pm
company called www.bnbcus.com , they didn't say why yet, i only now found this out after waiting for 2 weeks to get the money back
  • #44
  • Jul 6, 2006 5:36pm Jul 6, 2006 5:36pm
It wasn't because your balance decreased in trading was it?
They only gave you 2/3 of your balance back?
Boy, that is a company to avoid... I wonder what you can do about that...

Good luck and that is too bad... Scott

Quoting leonv
company called www.bnbcus.com , they didn't say why yet, i only now found this out after waiting for 2 weeks to get the money back
  • #45
  • Jul 6, 2006 5:40pm Jul 6, 2006 5:40pm
yep, 2/3 of final balance, i can't trade for 2 weeks already, thanks for your understanding
  • #46
  • Jul 6, 2006 5:42pm Jul 6, 2006 5:42pm
I just did a little background search and they are not registered on NFA or CFTC..
One has to be careful and if going with a broker in the USA (these guys are at 99 Wall Street NY, NY) to make sure they are registered and that customer's funds are held seperate at a national bank anf not mixed with operating accounts...


Quoting smjones
It wasn't because your balance decreased in trading was it?
They only gave you 2/3 of your balance back?
Boy, that is a company to avoid... I wonder what you can do about that...

Good luck and that is too bad... Scott
  • #47
  • Jul 6, 2006 5:46pm Jul 6, 2006 5:46pm
fl_tradin

Please repost your last post I accidently messed it up when your image was too big and messed up the screen size. Please make your image a zip file. thanks Scott sorry for the inconvenience
  • #48
  • Jul 6, 2006 6:08pm Jul 6, 2006 6:08pm
ZedHashPip,

Yes FXCM does throw up a "waiting for dealer" type message when the market is extremely volatile. I was getting this during some NFP action many weeks before I was put on "manual execution". The reason is (as explained to me) that they must make sure they can cover your position when you place the trade at the rate they quote, if the market moves significantly after you place the trade and before they can go to market to match it, they they eat the difference....

Now my opinion is that this is their cost of doing business and if their order/rates system is too slow to keep of with the market, that they should do something about it, not punish their clients. All in all its pretty lame.

Nextly I have not noticed the a difference in "waiting for dealer" messages...as far as i know there is only one message format.

Today i was delayed 45 seconds in closing a position via the close button.

In the mean time the market had move against me in other positions that i wanted to close at about the same time....

When you get waiting for dealer, your entire platform is locked up.... you cannot do anything in tradestation.....

Today I was also requoted a price a few times.... I click buy at 10 on usdcad at some point and 30 seconds later they requote me at 13.... totall BULLS%%%%%. If the rate is on the screen that is what i should be offered.

Their suggestion was to use entry orders....and of course pay the 5 pip extra as the entry order window has a 5 pip built in spread...(i.e. u cannot get right at the market rate)....

I'm becoming increasingly frustrated, this has already cost me several good positions.... I might have to resort to swing style trades on this account only and find another broker....

So angry....

I have a screenshot of a STOP ORDER NOT HONORED one day.....

Take a very good look at the close rate, the stop rate, and see how this long position should have been closed!!! This image has ONLY been edited to remove my account number and balances.....

If FXCM continues to enrage me I will not hesitate to file a complaint with the NFA....

Vince

Click on the link to go see the full size version

http://topshelfav.com/pub/fl_tradin/...red%20edit.png


<a_href: ="" http://topshelfav.com/pub/fl_tradin/fxts%20stop%20not%20honored%20edit.png=""></a_href:>
  • #49
  • Jul 6, 2006 6:57pm Jul 6, 2006 6:57pm
does anyone currently use a broker who doesn't do this crap?
  • #50
  • Jul 7, 2006 12:38am Jul 7, 2006 12:38am
Liquid, you have to understand that FXCM is probably the biggest advertiser in online FX dealing. So any site burning them is a bit of a no no for their current or future business. At this very moment i see their advertisement on the top right hand corner. I think this says it all!!!!!

http://www.forexfactory.com/phpads/a...ontenttype=gif

I love the bit where they say " The EURO is EASY to trade" The words EASY and FOREX in the same sentece are an oxymoron. And FXCM is plainly a moron.


Quoting Liquid4x
This thread did not violate forum regulations!

Why are members' replies to this thread being deleted?
Why was the name FXCM deleted from thread title?
Why is Forex Factory covering up FXCM?

C'mon guys, we are only stating facts here!!!
It really isn't our fault that some of these facts aren't positive.
What's the point of starting a thread if you're going to delete its content?
Where's the solidarity and honesty of this forum?
Capital Tool
  • #51
  • Jul 7, 2006 1:24am Jul 7, 2006 1:24am
If you guys researched even just a little you'd find that there are plenty of brokers whose platform do not even have an option for manual execution, where there are no requotes nor any else totalcrap associated with FXCM...with smaller spreads to boot.

Try at least reading the broker ratings at http://www.forexbastards.com/broker_reviews.shtml

You can complain all you want but how long is it going to take you to realize that if your current crap broker's business model is based on screwing the customer then changing that behavior is the last thing they're ever gonna do.

It's ok to be a slow starter but it's not ok to be stupid.
  • #52
  • Jul 7, 2006 1:46am Jul 7, 2006 1:46am
quote:

<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 71675" vAlign=top><TD class=alt1 align=middle width=125>leonv</TD><TD class=alt2>hi,


i have the same problem with my current broker, i closed the account but he only gave me 2/3 of my money back, any ideas how to get the rest of the money back? and what is your current broker after you closed the account?

</TD></TR></TBODY></TABLE>




hi leonv,
it's sad to hear they riped off a 1/3 of your account, maybe you should
consult a lawyer to get your money back.
i am currently at man financial canada, yes i know it's the same bucket
shop like fxcm but i love their trading station ( it's the same that fxcm use)
and i know they will put me on manual execution too some day, but until
that day i'll make good profits with them.
  • #53
  • Jul 7, 2006 5:33am Jul 7, 2006 5:33am
Quoting leonv
does anyone currently use a broker who doesn't do this crap?
Can anyone confirm the following about Ouanda ?

1. No dealing desk
2. Your deposit is held in a seperate account which is not used for the brokers expenses/operation.
3. No slipage /reqoutes nor price freezing ?

Any negative critics? Feedback ?
Thanks
Highway
  • #54
  • Jul 7, 2006 9:40am Jul 7, 2006 9:40am
im one of those victims too..just moments ago i did trade at NFP news.got my trade in exactly at 8:30am EST..but the exit was a nightmare! that "waiting for dealers response" window keep showing up.did close my trade at 2855 for eur/usd but it was only at 8:52am where i was able to close my positing 22mins of waiting..saw my profit slipping away.sucks big time!

yah,its only last month i think that window "waiting for dealers response" popped up. i've been with fxcm for 3 years and that was the first time i saw that. i never thought that there's a 3rd party/manual involved.. i assumed its all software..sigggghhh..not good..
  • #55
  • Jul 7, 2006 9:52am Jul 7, 2006 9:52am
Quoting BlewOutMyAccount
im one of those victims too..just moments ago i did trade at NFP news.got my trade in exactly at 8:30am EST..but the exit was a nightmare! that "waiting for dealers response" window keep showing up.did close my trade at 2855 for eur/usd but it was only at 8:52am where i was able to close my positing 22mins of waiting..saw my profit slipping away.sucks big time!

yah,its only last month i think that window "waiting for dealers response" popped up. i've been with fxcm for 3 years and that was the first time i saw that. i never thought that there's a 3rd party/manual involved.. i assumed its all software..sigggghhh..not good..
Guys, this sucks!!

but is this legal ???
I mean, they are honest only when they take your money ??
  • #56
  • Jul 7, 2006 12:03pm Jul 7, 2006 12:03pm
@ fl_tradin

Thanks for the information! I've read a lot of bad things about them in the past. Too bad it's just when this kind of things happen to yourself that you know how muck it $uck$.

I saw the screenshot on the first page of this thread that says "waiting for dealer's approval", but I'm shown the "waiting for dealer's answer" message. Maybe the latter is just a recent improvement of their message service.

When I was losing my money like there is no tomorrow there was no one to help me out or to prevent me to put silly trades. But now that I almost broke even they give me this hogwash. That's the thanks for putting faith in them.

I'm sure it's not only FXCM so I'll have to be carefull when I chose a new broker in the near future. It's just time to move on.
  • #57
  • Jul 7, 2006 12:50pm Jul 7, 2006 12:50pm
Quoting fl_tradin
ZedHashPip,

Yes FXCM does throw up a "waiting for dealer" type message when the market is extremely volatile. I was getting this during some NFP action many weeks before I was put on "manual execution". The reason is (as explained to me) that they must make sure they can cover your position when you place the trade at the rate they quote, if the market moves significantly after you place the trade and before they can go to market to match it, they they eat the difference....

Now my opinion is that this is their cost of doing business and if their order/rates system is too slow to keep of with the market, that they should do something about it, not punish their clients. All in all its pretty lame.

Nextly I have not noticed the a difference in "waiting for dealer" messages...as far as i know there is only one message format.

Today i was delayed 45 seconds in closing a position via the close button.

In the mean time the market had move against me in other positions that i wanted to close at about the same time....

When you get waiting for dealer, your entire platform is locked up.... you cannot do anything in tradestation.....

Today I was also requoted a price a few times.... I click buy at 10 on usdcad at some point and 30 seconds later they requote me at 13.... totall BULLS%%%%%. If the rate is on the screen that is what i should be offered.

Their suggestion was to use entry orders....and of course pay the 5 pip extra as the entry order window has a 5 pip built in spread...(i.e. u cannot get right at the market rate)....

I'm becoming increasingly frustrated, this has already cost me several good positions.... I might have to resort to swing style trades on this account only and find another broker....

So angry....

I have a screenshot of a STOP ORDER NOT HONORED one day.....

Take a very good look at the close rate, the stop rate, and see how this long position should have been closed!!! This image has ONLY been edited to remove my account number and balances.....

If FXCM continues to enrage me I will not hesitate to file a complaint with the NFA....

Vince

Click on the link to go see the full size version

http://topshelfav.com/pub/fl_tradin/...red%20edit.png


<A_HREF: fxts%20stop%20not%20honored%20edit.png="" fl_tradin pub topshelfav.com http: =""></A_HREF:>
Not to give any credit to FXCM, but if you look at any institutional platform during these times the spread widens 20 to 40pips when majority of the time it is 1 to 1.5 pips.

If the banks aren't going to let you do it FXCM deff not. lol

FYI: Not sure how long it will last but you are still able to @ oanda.



turbo
  • #58
  • Jul 7, 2006 2:21pm Jul 7, 2006 2:21pm
Great dialog guys....

Yes I to was given the wait message...but i'm on manual execution anyways... I was unable to make any trades today... it was very upsetting to see the mkt move, to see the data on my Dow Jones news feed (29.00$$ a month from ameritrade and data hits in less than 2 seconds to your screen, this is a GEM of a service....) to know how far the data missed expectations by, to click on the rate around 2799ish (i think) and to get told to wait...

The representative recommended I use entry orders.... well hello I tried to place an entry order today and was informed the tightest i could get to the rate was around 3200 euro!!! So, no market orders, manual execution, and no entry orders... WTF an I to do????

As we speak I am moving funds back over to my old broker so that i can at least trade some... I used to use CMSFX, but they had massive problems back in december and november, like system outtages for 30m at a time, unable to even call in a trade because they could not see your accounts... its was a mess. But I've been using their charts and trading with 10k size there just to play around with it over the past 3 months and lo and behold they DID NOT go down today or at all in the past few months... Since i already have an account there its the easiest thing for me to do until i resolve to eliminate this fxcm problem....

I've known quite a few people with fxcm over the years and there definitely seems to be a growing problem over the past few months! I dont know what is happening internally over there but I remember in January and February of 2006 this kind of crap NEVER happened. It was one of the awe inspireing things about moving to fxcm from my old broker...no outtages....

I am not going to sit here and say that now that i'm turning a profit they are cutting me off.... cause it seems like a large large majority of users are reporting issues with fxcm on high volatility days......

I MUST ASK : look on the bottom of your trade station and please respond to which mini server you are on.... I am on MINIREAL5 and I am wondering if this problem is localized to that server/trading desk....

It is a common knowledge that fxcm's rates will lag behind others in new events... if fxcm has a problem with their systems and its causing massive slippage on their end of the trade.... then maybe by locking us out they prevent massive losses on their end..... Bull#### anyways, like i said thats their problem if it is the case and the cost of doing business for them....

As far as other brokers are concerned I have see a bunch of recommendations for Onanda but I'm warry as those might be biased recommendations.... Plus I do not have the time to really go thru learning a new platform... I just need to trade and get to work

As for turbos comment about the institutional platforms... I am demoing one right now called PropFX ..... but here is the catch.... they are a subsidiary of FXCM... the platform is based on currenex which is a massive intra bank system. You get quotes from 10 banks or more aggregated on one screen, with level 2 type depth etc etc... THERE IS NO DEALING DESK all of your trades are with REAL BANKS.... I have been assured that this is the place to go where NO ONE can intervene with your trades.

Today while watching fxcm choke.... propfx was up the whole time trading... at one point the spreads were at wide at 9 pips on euro and normally as tight at 2 pips but this wide 9 pips was within like 30 seconds after the news hit. You could litterally see the banks fall off the bid and ask as they tried to absoreb the data and be able to requote streaming prices.

I never saw a spread 40 pips wide...and todays news event should have been the worst it gets after all it was nfp.... so i'm thinking of going with the propfx/currenex system the only problem for some is minimum trade size is 50k and deposits 10k. This is a bank to bank ecn network there for when you make a trade, it is final....fxcm cannot intervene is any way at all....no dealing desk.... etc etc... I hope this is the cure to my problems.....

good luck
Vince
  • #59
  • Jul 7, 2006 2:22pm Jul 7, 2006 2:22pm
Quoting ZedHashPip
@ fl_tradin

Thanks for the information! I've read a lot of bad things about them in the past. Too bad it's just when this kind of things happen to yourself that you know how muck it $uck$.

I saw the screenshot on the first page of this thread that says "waiting for dealer's approval", but I'm shown the "waiting for dealer's answer" message. Maybe the latter is just a recent improvement of their message service.

When I was losing my money like there is no tomorrow there was no one to help me out or to prevent me to put silly trades. But now that I almost broke even they give me this hogwash. That's the thanks for putting faith in them.

I'm sure it's not only FXCM so I'll have to be carefull when I chose a new broker in the near future. It's just time to move on.
Similar pratices are happening with many other brokers. Maybe a bit too over done in this case. I wonder if it happens more with MT4 brokers. One thing I know is that the time needed to close a trade and open another is much longer with MT4. Anyone noticed that ?

Highway
  • #60
  • Jul 7, 2006 6:29pm Jul 7, 2006 6:29pm
Quoting fl_tradin
I MUST ASK : look on the bottom of your trade station and please respond to which mini server you are on.... I am on MINIREAL5 and I am wondering if this problem is localized to that server/trading desk....
mine is MINIREAL2
0 traders viewing now