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  • #4,721
  • Apr 29, 2014 9:13am Apr 29, 2014 9:13am
Hey Jason, what is going on with the Rolls lately? They have been extraordinarily high especially for some of the liquid pairs like EUR/JPY I am seeing a sell side roll on the EUR/JPY of $28.56 this morning on my active trader account? Can you please clarify?

Thanks
  • #4,722
  • Apr 29, 2014 9:22am Apr 29, 2014 9:22am
Hi Jason

Thanks for your help again.
  • #4,723
  • Apr 29, 2014 9:36am Apr 29, 2014 9:36am
Quoting yazzie
Hey Jason, what is going on with the Rolls lately? They have been extraordinarily high especially for some of the liquid pairs like EUR/JPY I am seeing a sell side roll on the EUR/JPY of $28.56 this morning on my active trader account? Can you please clarify? Thanks
Hi Yazzie, I asked Jason about rolls last week. For EUR/JPY on 29th April, I think it has 4 days swaps because of 1st May holiday for EUR and 2nd May holiday for JPY. But I don't know why EURJPY will have 3 days swaps again on 1st April (Thursday). EURJPY has 4 days swaps already on 29th April.
  • #4,724
  • Edited 12:04pm Apr 29, 2014 11:10am | Edited 12:04pm
Quoting yazzie
Hey Jason, what is going on with the Rolls lately? They have been extraordinarily high especially for some of the liquid pairs like EUR/JPY I am seeing a sell side roll on the EUR/JPY of $28.56 this morning on my active trader account? Can you please clarify? Thanks
Quoting learner001
{quote} Hi Yazzie, I asked Jason about rolls last week. For EUR/JPY on 29th April, I think it has 4 days swaps because of 1st May holiday for EUR and 2nd May holiday for JPY.

Hi Yazzie,

Learner is right about why you see 4 days' worth of rollover interest for EUR/JPY today. It has to do with the Labour Day holiday in Europe on Thursday, May 1st. Furthermore, the end of the month has produced a sharp jump in overnight interbank lending rates (LIBOR) in Euros, which means an increase in the value of 1 day's worth of rollover interest for all Euro-based currency pairs including EUR/JPY.

Quoting learner001
But I don't know why EURJPY will have 3 days swaps again on 1st April (Thursday). EURJPY has 4 days swaps already on 29th April.
Hi Learner,

What you have here is a combination of a European holiday (Labour Day on May 1st) and a couple of Japanese holidays (Children's Day on May 5th and Greenery Day on May 6th) all coming together to impact the rollover interest schedule for EUR/JPY this week.

In a normal week, the rollover sequence on weekdays is 1-1-3-1-1 meaning that each weekday, there is 1 day worth of rollover interest earned or paid on positions that are open at 5pm New York Time, except Wednesday which has 3 days' worth of rollover earned or paid. However, this week, because of the European and Japanese bank holidays, the rollover sequence is 0-4-0-3-0, which there are 4 days' worth of rollover Tuesday and 3 days worth on Thursday, but no rollover on any other days of the week. Note that it still adds up to 7 days' worth of interest for the week as always.

As you can see, keeping track of all the bank holidays around the world and factoring in the two-day settlement period in forex can be tricky. That is why I use the DailyFX Rollover Calendar to check the rollover interest schedule each week for the currencies I trade.
  • #4,725
  • Apr 29, 2014 6:54pm Apr 29, 2014 6:54pm
I am testing FXCM UK Metatrader demo, why time is not London time on Platform ? It is UK demo or they gave me wrong server ?


What time is on Australian platform ?

I prefer GMT+2 time or GMT
  • #4,726
  • Apr 30, 2014 8:31am Apr 30, 2014 8:31am
Thanks Jason. FXCM calendar is very handy. I was very confused when there are too many holidays in the same week.
  • #4,727
  • Apr 30, 2014 11:04am Apr 30, 2014 11:04am
Quoting RabbitWolf
I am testing FXCM UK Metatrader demo, why time is not London time on Platform ? It is UK demo or they gave me wrong server ?
Hi RabbitWolf,

Note that the UK is currently on British Summer Time. That means the time in London is 1 hour ahead of GMT.

Quoting RabbitWolf
What time is on Australian platform ? I prefer GMT+2 time or GMT
FXCM has several live and demo MT4 servers. All of our AUD, GBP and EUR servers are currently set to GMT. Some of our USD servers are set to GMT, while others are set to GMT+3. The US is currently on Daylight Savings Time, so a server time of GMT+3 is necessary to have New York Close charts. When Daylight Savings Time in the US ends on 2 November, 2014 then the time zone on these servers will be changed to GMT+2 in order to have New York Close charts.

It's worth mentioning that your MT4 login will also work on the Trading Station platform. One advantage of Trading Station is that you can see chart and trade information displayed in the time zone of your choice (even your local time in Lithuania, if that's what you prefer) and still have New York Close charts.
  • #4,728
  • Apr 30, 2014 11:08am Apr 30, 2014 11:08am
Quoting learner001
Thanks Jason. FXCM calendar is very handy. I was very confused when there are too many holidays in the same week.
My pleasure, Learner. I'm glad that's cleared up. Wikipedia has more information on Japan's Golden Week.
  • #4,729
  • Apr 30, 2014 11:16am Apr 30, 2014 11:16am
Quoting Jason Rogers
{quote} Hi RabbitWolf, Note that the UK is currently on British Summer Time. That means the time in London is 1 hour ahead of GMT. {quote}
Thank you, now is clear.
  • #4,730
  • May 1, 2014 9:30am May 1, 2014 9:30am
Quoting Jason Rogers
{quote} Hi RabbitWolf, Note that the UK is currently on British Summer Time. That means the time in London is 1 hour ahead of GMT. {quote} FXCM has several live and demo MT4 servers. All of our AUD, GBP and EUR servers are currently set to GMT. Some of our USD servers are set to GMT, while others are set to GMT+3. The US is currently on Daylight Savings Time, so a server time of GMT+3 is necessary to have New York Close charts. When Daylight Savings Time in the US ends on 2 November, 2014 then the time zone on these servers will be changed to GMT+2...
Hi Jason

I thought most brokers would choose GMT+3 for all servers because there would be 5 full candlesticks for the whole week. Apparently I heard GMT server time would prodcue 5.5 candlesticks and this is hard for analysis. This is because some days are shorter, such as Monday. Is this correct?
  • #4,731
  • May 1, 2014 10:16am May 1, 2014 10:16am
Regarding the new USD/CHN pair spread around 23 and pip cost 0.02 $ and margin required for each 1 Micro lot 20 ........... i think it is really hard to trade this new pair
????
  • #4,732
  • May 2, 2014 12:39am May 2, 2014 12:39am
H Jason

I got below message from FXCM that you're chaging server time in May. I think everything will be GMT+3 soon. Is this correct?

"Great news for Australian MT4 traders! On 9 May 2014, FXCM is upgrading our MT4 server to the New York close charts. By shaving a few hours off the weekly charts, you’ll have five true candles for five trading days."
  • #4,733
  • Edited 4:06pm May 2, 2014 3:19pm | Edited 4:06pm
Quoting learner001
{quote} Hi Jason I thought most brokers would choose GMT+3 for all servers because there would be 5 full candlesticks for the whole week. Apparently I heard GMT server time would prodcue 5.5 candlesticks and this is hard for analysis. This is because some days are shorter, such as Monday. Is this correct?
Hi Learner,

MT4 servers set to GMT+3 will have 5 evenly-sized daily candles representing Monday through Friday. This setup is commonly referred to as New York Close, since each daily candle begins and ends 5pm New York Time to coincide with the close of the New York trading session.

MT4 servers set to GMT will have an additional for Sunday candle that's 3 hours long. FXCM currently offers both time zone options to clients.

Quoting learner001
H Jason I got below message from FXCM that you're chaging server time in May. I think everything will be GMT+3 soon. Is this correct? "Great news for Australian MT4 traders! On 9 May 2014, FXCM is upgrading our MT4 server to the New York close charts. By shaving a few hours off the weekly charts, you’ll have five true candles for five trading days."
Based on the feedback we received from our Australian clients, FXCM has decided to switch our AUD-denominated MT4 servers from GMT to GMT+3 in order to have New York Close charts on these servers. This change will be made on the weekend of May 9th to give traders time to update the GMT offset on their EAs/indicators if necessary.
  • #4,734
  • May 4, 2014 8:31am May 4, 2014 8:31am
Thank you again Jason
  • #4,735
  • May 4, 2014 8:46am May 4, 2014 8:46am
Thank you again Jason
  • #4,736
  • May 6, 2014 6:03pm May 6, 2014 6:03pm
Quoting wael shami
Regarding the new USD/CHN pair spread around 23 and pip cost 0.02 $ and margin required for each 1 Micro lot 20 ........... i think it is really hard to trade this new pair
If you're a scalper, then I agree with you that USD/CNH might not be the ideal pair to trade. It's important to keep in mind that despite the size of the Chinese economy the yuan is still considered an emerging market currency. That is why its margin requirements are higher than for major currencies. Also, the spread is not so bad when you consider the pip cost.

The spread is typically between 20 and 25 pips, but you have to divide that by 6.2 to make a fair comparison with major currency pairs. That's because the value of a pip for USD/CNH is only about 1.6 cents compared to 10 cents for EUR/USD. That comes out to between 30 and 40 cents in spread costs for a 1k micro lot trade on USD/CNH (the minimum trade size) or $30 to $40 for a standard lot.
  • #4,737
  • May 6, 2014 6:14pm May 6, 2014 6:14pm
I've Been an FXCM Active Trader client for close to 2 years and just want to say that I experienced some very nice positive slippage on 2 trades that I was in and had take profit limits set on. This was last Friday during the NFP release. I see so many bashing FXCM and other brokers for the negative slippage just thought I'd chime in when it goes your way big time. Oh, and even though I had nice profit limits on both trades, they each closed for an additional 25+ pips more to my favor.
  • #4,738
  • May 6, 2014 10:31pm May 6, 2014 10:31pm
FXCM update mt4 to build646, brings a lot of trouble, when i change the chart timeframe, face icon in the top right corner become cry from smile, even resetup in "tool" , and so again and again. MT4 got worse and worse. It dont have any hope.
  • #4,739
  • May 8, 2014 5:29pm May 8, 2014 5:29pm
Quoting lghr
FXCM update mt4 to build646, brings a lot of trouble, when i change the chart timeframe, face icon in the top right corner become cry from smile, even resetup in "tool" , and so again and again. MT4 got worse and worse. It dont have any hope.
Hi Lghr,

Sorry to hear you're having these problems with MT4 build 646. My platform is still on build 625, so it hasn't automatically updated yet. Try the following:

Go to Tools > Options > Expert Advisors and uncheck "Disable automated trading when the charts symbol or period has been changed"

Please let me know if that works.
  • #4,740
  • May 11, 2014 8:19am May 11, 2014 8:19am
Quoting Jason Rogers
{quote} Hi Lghr, Sorry to hear you're having these problems with MT4 build 646. My platform is still on build 625, so it hasn't automatically updated yet. Try the following: Go to Tools > Options > Expert Advisors and uncheck "Disable automated trading when the charts symbol or period has been changed" Please let me know if that works.
Hi Jason,


Metaquotes is getting more and more worrysome.

I had my B509 on my live environment locked by revoking the ownership and privileges on the MetaQuotes Folder so that a separate account is neccessary to reinstate them thus halting the update process.

This worked fine until today!

After a maintenance restart of the B509 on my live account there is:

a) A running B646 on my LIVE(!!!) Environment.
b) Ownership and privileges restored on the MetaQuotes Folder.
c) A hell of a lot DLL based EAs not working any longer in the LIVE
d) A B625 in TEST which refuses to get upgraded to B646

Can you explain to me why the Demo (aka TEST) gets a newer version after the live (aka PROD) environment?

Does FXCM expect their users to betatest on a live environment?

Ok - this lifts the stresslevels and learning curves to unknown levels - point taken - but it is way beyond best IT practises.

Especially the privilege escalation of the application is by its very definition the behavior of a trojan or a virus and not of an application which is used for financial services.

</rant>
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