DislikedHi Jason, about the upcoming lotsize reduction in the CFD section next week I think I found something strange on the MT4 side of FXCM.Ignored
- #4,381
- Mar 3, 2014 11:29am Mar 3, 2014 11:29am
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #4,384
- Edited 3:00pm Mar 3, 2014 2:49pm | Edited 3:00pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #4,385
- Mar 3, 2014 3:37pm Mar 3, 2014 3:37pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
{quote} Jason is there any way you can upload the FXCM USD real Server 03 server file for MT4? or a link to where I can find it.
The server name will be there automatically the next time you log in.
- #4,388
- Mar 5, 2014 11:15am Mar 5, 2014 11:15am
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #4,390
- Mar 5, 2014 2:05pm Mar 5, 2014 2:05pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
Good post
i had two open position on USD/RUB FXCM micro live account (42€ loss, not much , but its micro)
and out of nowhere, with only 1 second, price dropped 50pips , thats about 1,46% drop of currency value. with just one second.
and next second it just jumped back up 50 pips. market was still, no considerable volume was traded. And hit my stop-loss like a sniper exactly 35,500
one pip precision
no news, banks closed in russia, middle of night, there no reason for such large move.
i'm pretty much sure that no one is going short with USD/RUB after recent happenings around there , and only one who is buying roubles is russian central bank.
And no other chart around world show that spike, smells more like price manipulation and stoploss hunting to me.
Anyone with some other broker, has that price spike?
here is chart picture too:
http://www.hot.ee/a7j85//fxcmrub.jpg
and out of nowhere, with only 1 second, price dropped 50pips , thats about 1,46% drop of currency value. with just one second.
and next second it just jumped back up 50 pips. market was still, no considerable volume was traded. And hit my stop-loss like a sniper exactly 35,500
one pip precision
no news, banks closed in russia, middle of night, there no reason for such large move.i'm pretty much sure that no one is going short with USD/RUB after recent happenings around there , and only one who is buying roubles is russian central bank.
And no other chart around world show that spike, smells more like price manipulation and stoploss hunting to me.
Anyone with some other broker, has that price spike?
here is chart picture too:
http://www.hot.ee/a7j85//fxcmrub.jpg
- #4,393
- Edited 3:30pm Mar 5, 2014 3:14pm | Edited 3:30pm
- Joined Mar 2011 | Status: Bullish Behavior | 3,182 Posts
i had two open position on USD/RUB FXCM micro live account (42€ loss, not much , but its micro) and out of nowhere,with only 1 second, price dropped 50pips , thats about 1,46% drop of currency value. with just one second. and next second it just jumped back up 50 pips. market was still, no considerable volume was traded. And hit my stop-loss like a sniper exactly 35,500 one pip precision
There was no spike on my feed on the broker I use, the low for today on my feed is 35.892.
- #4,394
- Mar 5, 2014 3:29pm Mar 5, 2014 3:29pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
i had two open position on USD/RUB FXCM micro live account (42€ loss, not much , but its micro) and out of nowhere, with only 1 second, price dropped 50pips , thats about 1,46% drop of currency value. with just one second. and next second it just jumped back up 50 pips. market was still, no considerable volume was traded. And hit my stop-loss like a sniper exactly 35,500 one pip precision
Can Confirm that the FXCM feed over here shows the spike as well. dat 22.5 pip spread as well...
- #4,395
- Edited Mar 6, 2014 3:35am Mar 5, 2014 4:59pm | Edited Mar 6, 2014 3:35am
{quote} Can Confirm that the FXCM feed over here shows the spike as well. dat 22.5 pip spread as well... {image}
Dukascopy europe's feed dosent show that spike either. 35.892 was the lowest.
so i guess it was only FXCM, surely doesn't feel right.
and if you flip it to ASK side, then it spikes 50 pip opposite direction upwards, so if you have short and long position with 50 pips stop,
both sides would hit stop loss at the same time.
thats insane, there was absolutly no way to win
i wonder how many positions were wiped out
support said that everything worked as it should have and its considered exotic pair and bad stuff may happen sometimes,
as for good faith and one time only, they compensated those two orders to my account.
- #4,397
- Mar 6, 2014 8:09am Mar 6, 2014 8:09am
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #4,398
- Mar 6, 2014 8:28am Mar 6, 2014 8:28am
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
I wouldn't hesitate to post a criticism of FXCM on here so it's only fair I point out that today their trade audit department admitted there had been an error and agreed to reimburse me 102 points on my UK100 trades. Fair play. I also hadn't realised that CFDs went through the Dealing Desk so again impressed - I left GKFX thanks to their DD introducing "additional checks" (translation: Delays via Virtual Dealing Desk) on my scalp trades taking up to 30 seconds to fill trades. The speed of execution is excellent, no problems at all since I started...
FXCM offers clients the choice between NDD and DD forex execution. As you pointed out, CFD prices are derived from the underlying index or spot product. For stock index CFD products such as UK100, the quoted price is based on the relevant futures price minus a commonly used Fair Value*. However, as with our forex execution, FXCM maintains a no re-quote policy for CFD trading.
* Fair Value is a calculation that factors various things that tend to affect the price of a stock index futures contract, such as interest and dividends. A Fair Value Rate adjustment is often applied by many media outlets when quoting market index prices based on futures contracts.
- #4,399
- Mar 6, 2014 9:21am Mar 6, 2014 9:21am
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
- #4,400
- Mar 7, 2014 10:48am Mar 7, 2014 10:48am
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts