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FXCM Discussion

  • #4,101
  • Dec 18, 2013 5:31pm Dec 18, 2013 5:31pm
i use a lot of stop order for my entry still waiting for fxcm to add stop limit orders into there platform, untill then
  • #4,102
  • Dec 19, 2013 1:54pm Dec 19, 2013 1:54pm
Quoting PoundTrader
i use a lot of stop order for my entry still waiting for fxcm to add stop limit orders into there platform, untill then
Hi PT,

Stop limit orders are on my Christmas wish list as well!

Our developers have confirmed for me that we are planning on adding this feature to Trading Station in one of our platform updates scheduled for 2014. Now whether that's earlier in the year or later, I wouldn't be able to say yet, but I'll keep you posted
  • #4,103
  • Dec 20, 2013 9:28am Dec 20, 2013 9:28am
Quoting Jason Rogers
{quote} Hi PT, Stop limit orders are on my Christmas wish list as well! Our developers have confirmed for me that we are planning on adding this feature to Trading Station in one of our platform updates scheduled for 2014. Now whether that's earlier in the year or later, I wouldn't be able to say yet, but I'll keep you posted
the sooner the better, thanks
  • #4,104
  • Edited 11:22am Dec 20, 2013 11:10am | Edited 11:22am
Quoting Jason Rogers
{quote} Yes, 10M (million) in notional trading volume is equivalent to 100 standard (100K) lots, or 1000 mini (10K) lots. If you're trading that volume, shoot me a private message, and I can ask one of our specialists to follow up with you to discuss Active Trader pricing.
Jason,
The TS platform is growing on me. Execution is unbelievably fast. All looks good testing on demo so far. I also learned how to import custom indis into marketscope. It was very easy. Is there a download or display somewhere to look at all spreads for an active trader account? I signed up for an active trader demo, but spreads seem a little high compare to advertised. I looked on your website and spreads for majors we're comparable to dealing desk price that I'm seeing on my TS. Is that normal? Besides that particular concern, good experience so far. Thx

Merry Christmas
  • #4,105
  • Dec 20, 2013 2:47pm Dec 20, 2013 2:47pm
Hi All
Is there a thread that is about the Tradency Mirror trader on FXCM?
  • #4,106
  • Dec 22, 2013 5:15pm Dec 22, 2013 5:15pm
Quoting MKFXTrader
{quote} Jason, The TS platform is growing on me. Execution is unbelievably fast. All looks good testing on demo so far. I also learned how to import custom indis into marketscope. It was very easy. Is there a download or display somewhere to look at all spreads for an active trader account? I signed up for an active trader demo, but spreads seem a little high compare to advertised. I looked on your website and spreads for majors we're comparable to dealing desk price that I'm seeing on my TS. Is that normal? Besides that particular concern, good...
Hi MKFXTrader,

Active Trader accounts use the same No Dealing Desk (NDD) forex execution as our retail NDD accounts, but have a commission instead of the retail pip markup. That means the spreads are always lower than retail NDD accounts and the total transaction cost is about 40% lower. You can get Active Trader pricing on any of the platforms we offer including Trading Station, MT4 and NinjaTrader. To get a free Active Trader demo on one of these platforms, you can email your request to [email protected]

Jason
  • #4,107
  • Dec 22, 2013 5:18pm Dec 22, 2013 5:18pm
Quoting fxarcher
Hi All Is there a thread that is about the Tradency Mirror trader on FXCM?
Hi Fxarcher,

I often discuss the DailyFX strategies available on the Mirror Trader platform in the DailyFX signals thread. Please let me know if you have further questions about the platform.

Jason
  • #4,108
  • Dec 22, 2013 5:22pm Dec 22, 2013 5:22pm
Quoting Jason Rogers
Below are the trading and customer service hours for Christmas and New Years (all times in GMT) Customer Service and Forex Trading Hours {image} CFD Trading Hours {image} {image} Merry Christmas and Happy New Year! Jason
Hi Everyone,

I will be out of the office for the next two weeks and will respond to any questions you post after I return on Monday, January 6th. If you need immediate assistance, please contact our 24-hour live customer support. Our holiday hours are in my post quoted above.

Merry Christmas and Happy New Year!

Jason
  • #4,109
  • Dec 29, 2013 11:54am Dec 29, 2013 11:54am
Hi JAson
as you get back kindly explain this
I have fxcm demo and it seems all margins, prices are all fixed there.
Like, 100 oz of gold is always 400 usd despite price changes in market. it seems actually very low.
always draw trendlines
  • #4,110
  • Dec 29, 2013 6:05pm Dec 29, 2013 6:05pm
there stop orders are a killer, i use a lot of stop limit order for entry if these was stop orders for entry i will get slippage on 60% of my trades, not good
  • #4,111
  • Jan 6, 2014 3:56am Jan 6, 2014 3:56am
Haven't checked the other pairs because I don't really follow them but using the FXCM NY Close app, the EURUSD has a daily bar for Saturday, January 4, 2014 that appears to actually be part of the Friday, 1/3/14 daily range (judging by the lows of both). Is there a way this can be corrected? TIA...
  • #4,112
  • Jan 6, 2014 7:40am Jan 6, 2014 7:40am
Hi there.

What happened to our data?

This is Gold.

Snapshots from 2014/01/02 and 2014/01/06.

2013/12/30 and 2013/12/31 data are missing.

Look how this data loss made useless the sliding parallels drawn by hand.


Also, people relying on indicators must be getting false signals.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusd20140102_H4.png Size: 57 KB
Click to Enlarge Name: xauusd20140106_H4.png Size: 50 KB
  • #4,113
  • Jan 6, 2014 8:53am Jan 6, 2014 8:53am
Quoting tk5
Hi JAson as you get back kindly explain this I have fxcm demo and it seems all margins, prices are all fixed there. Like, 100 oz of gold is always 400 usd despite price changes in market. it seems actually very low.
Hi Tk5,

As much as possible, FXCM tries to keep your margin requirements fixed for the sake of simplicity. That means you won't see your margin requirements change day-to-day based on prices changes. However, that's not to say that margin requirements can never change. Should a major change in price require us to update our margin requirements, we will notify traders in advance so you can prepare for such changes. To give you an idea, this usually only happens once or twice a year, if that.

The margin requirements on your FXCM UK demo are exactly the same as you would see on an FXCM UK live account. You are correct that the margin for 100 oz of gold (XAU/USD) is $400, or $4 per ounce, which is the minimum trade size. You can see our margin requirements for trading other metals, and stock indices in our CFD Product Guide.

Jason
  • #4,114
  • Jan 6, 2014 9:59am Jan 6, 2014 9:59am
Quoting PoundTrader
there stop orders are a killer, i use a lot of stop limit order for entry if these was stop orders for entry i will get slippage on 60% of my trades, not good
Hi PT,

As I mentioned in my previous post to you, we are planning on adding stop limit orders as a feature on Trading Station this year. I'll let you know when I have more specifics as to the release date.

In regards to your comment about receiving negative slippage on your stop orders, it's worth noting that limit orders with FXCM receive positive slippage just as frequently, so it works both ways. It's based on the prices we receive from our liquidity providers which include several of the largest banks in the world.

http://img823.imageshack.us/img823/1...agehighlig.jpg


Positive slippage is more likely to occur with limit orders, while negative slippage is more likely to occur with stop orders, because of the momentum in the market by which I mean the direction in which prices are moving when these order types are triggered. Limit orders are triggered as prices are moving in favor of your trade, while stop orders are triggered when prices are moving against your trade.

http://forums.babypips.com/attachmen...4&d=1375317586

  • #4,115
  • Jan 6, 2014 10:44am Jan 6, 2014 10:44am
HI Jason.

What happened to the data of 29,30 and 31 of december? It is missing in the charts.

I'm in a TSII (Marketscope) real account.

Is this an error at my side/pc or is it a problem other people is facing too?

In demo MT4 data is ok.
  • #4,116
  • Jan 6, 2014 11:50am Jan 6, 2014 11:50am
XAU/USD m30 Chart, 30 days data range and H4 chart, 30 days data range.

They are different.

In m1-m30 charts all data is there.

In H1 charts an larger TFS , Dec 29,30 and 31 data is missing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusd20140106_m30_30days.png Size: 65 KB
Click to Enlarge Name: xauusd20140106_H4_30days.png Size: 61 KB
  • #4,117
  • Jan 6, 2014 12:57pm Jan 6, 2014 12:57pm
Quoting Jason Rogers
{quote} Hi Tk5, As much as possible, FXCM tries to keep your margin requirements fixed for the sake of simplicity. That means you won't see your margin requirements change day-to-day based on prices changes. However, that's not to say that margin requirements can never change. Should a major change in price require us to update our margin requirements, we will notify traders in advance so you can prepare for such changes. To give you an idea, this usually only happens once or twice a year, if that. The margin requirements on your FXCM UK demo are...
so in this case when margins are fixed - what kind of account is this: instant market execution market maker? I mean his fixed margin utilization for all pairs affect type of market access and exeuction (STp/ECN etc)?
always draw trendlines
  • #4,118
  • Jan 6, 2014 1:02pm Jan 6, 2014 1:02pm
Quoting tobijohn
Haven't checked the other pairs because I don't really follow them but using the FXCM NY Close app, the EURUSD has a daily bar for Saturday, January 4, 2014 that appears to actually be part of the Friday, 1/3/14 daily range (judging by the lows of both). Is there a way this can be corrected? TIA...
Hi Tobijohn,

The error you described indicates that you're using an old version of the app called "Daily Candles in EST". If you delete that app, you can install the latest version called "New York Close". This app takes into account when the US switches to and from Daylight Savings Time, so you won't see that Saturday candle.

You'll be interested to know that thanks to feedback we have received from clients such as yourself, we have decided to change the time zone on our MT4 servers so that the daily candles begin and end at 5 PM New York time to coincide with the New York Close. That way there are exactly 5 daily candles each week of 24 hours in length. To phase in these changes, we have started by updating the time zone on some of our MT4 demo servers to test that everything works smoothly, before we proceed with updating our live MT4 servers.

In the meantime, clients who wish to have charts with a New York Close on their live MT4 charts will have to use the free New York Close indicator from FXCMapps.com that I mentioned above.

Note that on Trading Station, both live and demo accounts have always had daily candles begin and end at 5 PM New York time to coincide with the New York Close. However, the server times are not set to GMT+2. That is because Trading Station was designed in-house by FXCM developers and has greater flexibility with time zones than MT4. Regardless of the time zone you choose to display on your Trading Station charts, the daily candles will always begin and end at 5 PM New York time.

Please let me know if you have any more questions about this.

Jason
  • #4,119
  • Jan 6, 2014 1:08pm Jan 6, 2014 1:08pm
Quoting tk5
{quote} so in this case when margins are fixed - what kind of account is this: instant market execution market maker? I mean his fixed margin utilization for all pairs affect type of market access and exeuction (STp/ECN etc)?
FXCM offers clients the choice between two types of forex execution: No Dealing Desk (NDD) and Dealing Desk. The margin requirements are the same for both execution options.
  • #4,120
  • Jan 6, 2014 1:27pm Jan 6, 2014 1:27pm
Quoting Jason Rogers
{quote} FXCM offers clients the choice between two types of forex execution: No Dealing Desk (NDD) and Dealing Desk. The margin requirements are the same for both execution options.
1. so, all your NDD accounts are STP/ECN and margins are fixed (as low as 400 for XAU)?

trying to understand your NDD accounts and how they are different from Active Trader.

2. what is maximum Leverage for NDD accounts?
always draw trendlines
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