FXCM Discussion | Page 217 | 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

  • #4,321
  • Feb 21, 2014 10:10am Feb 21, 2014 10:10am
Quoting mitch77
{quote} They do! http://www.fxcmstocktrading.com/prem...count-desk.jsp
Thanks, asked jason how to transfer account.
Enter Signature
  • #4,322
  • Feb 21, 2014 10:23am Feb 21, 2014 10:23am
Quoting Jason Rogers
{quote} Hi Venice, sorry not getting back to you sooner. {quote} It's the reverse. You can sell at the bid price and buy at the ask price. MT4 charts show you the bid price, which you can confirm by comparing the price on your charts to the price in the bid column of the Market Watch window. You mentioned that your charts reached a high of 1.37665 at the time in question. Therefore, the reason your limit order to sell at 1.37670 was never reached is because the bid price never went that high. If you ever have a limit order to buy, then that is the...
Hi Jason,

Thanks very much. Having it backwards explains a lot!

FYI: You can, in-fact see the current ask price on the charts with MT4 as well. Right Click > Properties > Common Tab > and tick "Show Ask Line".

Cheers.
  • #4,323
  • Feb 21, 2014 10:56am Feb 21, 2014 10:56am
Quoting johninthai
Ok, jason can somebody contact me then to transfer my account to a stock trading account ?
Hi John, if you send me a private message with your contact details, I have one of my colleagues follow up with you to set this up.
  • #4,324
  • Feb 21, 2014 11:00am Feb 21, 2014 11:00am
Quoting Venice
FYI: You can, in-fact see the current ask price on the charts with MT4 as well. Right Click > Properties > Common Tab > and tick "Show Ask Line". Cheers.
Thanks for the tip!
  • #4,325
  • Feb 21, 2014 12:19pm Feb 21, 2014 12:19pm
Attention Traders in Sydney, Australia

FXCM will be holding a free CFD & FX Boot Camp at the The Menzies Sydney Hotel on Thursday, 27 February from 5:30 to 9 PM.

We will take a look at the recent movement of Gold and the Aussie Dollar and show you how you can continue to take advantage of the opportunities created by all the action. Below is a video from our boot camp in Perth last year.

Inserted Video


Registration is free but space is limited so reserve your seat today!
  • #4,326
  • Feb 23, 2014 11:09am Feb 23, 2014 11:09am
Hi,
anyone having the same problems with the new version of MT4 600 trading with 3 monitors?
Since I have downloaded the new version Build 600 the AMD-Graphic-Card(AMD Control-Center ) don't find 1 of my 3 monitors anymore.
Anyone have some ideas?
Thanks for any info.
Greeds Zack
  • #4,327
  • Feb 24, 2014 8:26am Feb 24, 2014 8:26am
Hi,

I have been in contact with the support team this morning concerning MT4.
My MT4 platform is still build 600, I understand that updates are taking place to build 610, how long should it take to have the update?
I also asked if it was possible to have a copy of a build 509 (to use until a stable build of MT4 is released) but the support do not have any copy.
Any information would be appreciated.
Best,
G
  • #4,328
  • Edited 6:50pm Feb 24, 2014 8:59am | Edited 6:50pm
Quoting I-trade
Hi, I have been in contact with the support team this morning concerning MT4. My MT4 platform is still build 600, I understand that updates are taking place to build 610, how long should it take to have the update? I also asked if it was possible to have a copy of a build 509 (to use until a stable build of MT4 is released) but the support do not have any copy. Any information would be appreciated. Best, G
Hi I-trade,

If you currently have MT4 Build 600 on your computer, it will not automatically update to Build 610 when you launch MT4. However, if you would like to update to Build 610 now, you can download it from our website. The reason we don't have a copy of Build 509 available for download is because the moment you run the MT4 installation file, it automatically checks to see if there is a newer version available from MetaQuotes and updates to that. That means anyone who installs MT4 from our website today will get Build 610.

Jason
  • #4,329
  • Feb 24, 2014 9:13am Feb 24, 2014 9:13am
Quoting zackery
Hi, anyone having the same problems with the new version of MT4 600 trading with 3 monitors? Since I have downloaded the new version Build 600 the AMD-Graphic-Card(AMD Control-Center ) don't find 1 of my 3 monitors anymore. Anyone have some ideas? Thanks for any info. Greeds Zack
Hi Zack,

While I don't use more than 2 monitors myself, it's possible MetaQuotes addressed the issue you described with newer builds. You might want to try updating to MT4 Build 610 which you can download from our website. Please let us know if the new build solves the problem MT4 is having finding your third monitor. It's possible others have the same question.

Thanks,
Jason
  • #4,330
  • Feb 24, 2014 10:29am Feb 24, 2014 10:29am
Thanks for the tip Jason.

Until now, updates were automatic, does it mean that they are not anymore automatic? Each time we have to download the lastest realease from FXCM?

Thanks,
G
  • #4,331
  • Feb 24, 2014 11:03am Feb 24, 2014 11:03am
Quoting I-trade
Thanks for the tip Jason. Until now, updates were automatic, does it mean that they are not anymore automatic? Each time we have to download the lastest realease from FXCM? Thanks, G
When you launch MT4, the platform automatically connects to MetaQuotes to see if an update to a newer build is required. For example, if you were still on Build 509, you would most likely get prompted to update to the newest build which is currently 610. However, if you're on Build 600, the platform doesn't not automatically ask you to update to a newer build yet. What this means is that the MT4 platform will not always update you to latest build available. An update will occur if MetaQuotes deems that the MT4 build you currently have is too old by comparison. Perhaps, their logic behind this was to keep traders from having to run updates too frequently. Over the past few weeks MetaQuotes has released many new builds from 600 through 610.
  • #4,332
  • Feb 24, 2014 3:13pm Feb 24, 2014 3:13pm
Quoting AndiFX
{quote} Hello Jason and thanks for the reply! I used MT4 before but i chose MT5 because MT4 doesn't have 8HR charts, and i look at 4hr and 8hr charts
Hi Andi,

Thanks for this feedback. You might be interested to know that there's a custom indicator for MT4 called Custom Time Frames available free on FXCMapps.com. Custom Time Frame charts update in real time and can have indicators applied to them, just like the regular MT4 charts.

Jason
  • #4,333
  • Feb 24, 2014 4:55pm Feb 24, 2014 4:55pm
Quoting Naddmer
How about plans to introduce cTrader at FXCM?
Hi Naddmer,

We're always open to new platforms. However, since there's a cost both in time and money associated with linking to any new software, we have to make sure there is sufficient interest from traders. Was there a particular feature that attracted you to cTrader?

You mentioned that you found it tough to automate trades on Trading Station. I would appreciate more feedback from you on this regarding the difficulties you had, so I can share this feedback with our software developers.

In addition to MT4 and Trading Station, FXCM offers other platforms with automation capabilities such as NinjaTrader, MultiCharts, Mirror Trader and ZuluTrade.

Jason
  • #4,334
  • Feb 24, 2014 8:09pm Feb 24, 2014 8:09pm
Hi Jason

Quoting Jason Rogers
{quote} We're always open to new platforms. However, since there's a cost both in time and money associated with linking to any new software, we have to make sure there is sufficient interest from traders. Was there a particular feature that attracted you to cTrader? You mentioned that you found it tough to automate trades on Trading Station. I would appreciate more feedback from you on this regarding the difficulties you had, so I can share this feedback with our software developers. In addition to MT4 and Trading Station, FXCM offers...
In fact it was the possibility to develop in a familiar language - at least to me (c#) - and the detached cAlgo engine which runs separately from the cTrader software which attracted me personally. In this way the trading engine (cAlgo) take way less ressources than a combined Charting/Trading-Engine - which is currently the situation in MT4/4.5/5 and TS-2 as well.

The cTrader charting engine itself reminds a bit to the dying MT4 - but does have some distinctive features which remind to TS2 (e.g. separate chart windows, Tickchart).

But alas - the cTrader company seems to have some "issues". Layed off about a half of their development team just a week ago.
I would like to see first if they can get their act together.

On TS2-automation: I could not get the hang to .LUA - but I did not try too hard. Asides from that the TS2 does halso have the infamous habit of updating live environments without any chance to postpone the update which introduces hefty technical operational risks into automated trading.

Attached Image


So TS2 is a no go for me in automated trading as well.

Will get to the ForexConnect API as soon as I find some time. This approach seems to be a "toughy" too but it has the chance to separate the trading engine and the charting engine.
  • #4,335
  • Feb 24, 2014 8:30pm Feb 24, 2014 8:30pm
XAUUSD on FXCM 2nite again...
Demo:
Attached Image (click to enlarge)
Click to Enlarge Name: Auswahl_141.png Size: 11 KB


Live (MT4)
Attached Image (click to enlarge)
Click to Enlarge Name: Auswahl_142.png Size: 17 KB


Live (TS2 on M1)
Attached Image (click to enlarge)
Click to Enlarge Name: Auswahl_144.png Size: 9 KB


and other sources of XAUUSD data
Goldprice.org
Attached Image (click to enlarge)
Click to Enlarge Name: Auswahl_140.png Size: 9 KB


If at least the data on Demo and Live were consistent.
And if I only had gotten the entry for LONG 100 oz @1328

The difference on Demo and Live is the most annoying thing on that.
  • #4,336
  • Feb 25, 2014 4:42am Feb 25, 2014 4:42am
Thanks for your help Jason.
:-)
G
  • #4,337
  • Feb 26, 2014 5:00am Feb 26, 2014 5:00am
Jason do you have a comment on this?

Source (www.ft.com)
FCA fines FXCM £4m for keeping clients' profits
28 minutes ago
Are UK regulators getting serious about protecting people who may be getting ripped off in over-the-counter foreign exchange dealings?

Judging by the size of Wednesday's fine against FXCM, a relatively well-known operator in the market, the scrutiny is ramping up.

The Financial Conduct Authority, the UK's main markets watchdog, has levied a £4m fine on FXCM for withholding as much as £6m in profits that should have been passed on to its customers.

FXCM placed over the counter foreign exchange trades known as rolling spot forex contracts on behalf of retail clients, which were then executed by another part of the FXCM Group, the FCA said.

Over a near four-year period between 2006 and 2010, the company kept the profits from favourable market movements between the time of order and the time of execution between the two units, while any losses were passed on to clients in full – a practice known as "asymmetric price slippage", the regulator said.

Said Tracey McDermott, the FCA's director of enforcement:

Not only did FXCM UK fail to treat its customers fairly or correctly apply our rules, I am particularly disappointed that it was not transparent in its dealings with the FCA.

We expect all firms to put customers at the heart of their business, and we have taken action to ensure clients of FXCM UK will get redress.
As part of the penalty, FXCM will have to repay customers as much as $9.8m owed. The FCA will reclaim what's left after 15 months.
  • #4,338
  • Feb 26, 2014 5:11am Feb 26, 2014 5:11am
Was not expecting such thing from fxcm uk
GBP/USD
  • #4,339
  • Feb 26, 2014 5:25am Feb 26, 2014 5:25am
Quoting deepak925
Was not expecting such thing from fxcm uk
They've done it before.
  • #4,340
  • Feb 26, 2014 5:45am Feb 26, 2014 5:45am
Quoting TranceTrader
Jason do you have a comment on this? Source (www.ft.com) FCA fines FXCM £4m for keeping clients' profits 28 minutes ago Are UK regulators getting serious about protecting people who may be getting ripped off in over-the-counter foreign exchange dealings? Judging by the size of Wednesday's fine against FXCM, a relatively well-known operator in the market, the scrutiny is ramping up. The Financial Conduct Authority, the UK's main markets watchdog, has levied a £4m fine on FXCM for withholding as much as £6m in profits...
same stuff the u.s. regualator's fine them for back around the same time frame
12 traders viewing now