Broker With Currency Indices? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 broker for 8 major currency indices 14 replies

MT4 broker offering DAX, DOW, Oil & Major Indices 18 replies

broker with similar indices offer as igmarket? 2 replies

Broker with 24Hr Indices Stream 3 replies

Futures indices broker on MT4 with 24 hour charts? 4 replies

Attachments: Broker With Currency Indices?
Exit Attachments

Broker With Currency Indices?

  • #1
  • First Post: Sep 16, 2014 9:16am Sep 16, 2014 9:16am
So as of today Liteforex is not providing any of the LFX indexes anymore. My whole strategy was based on these indexes so for me this is just a terrible day.
FXCM is still providing a dollar index, but other currency indexes such as EUR, GBP, AUD are nowhere to be found.

If anyone please can come with a suggestion this is much appreciated. I need these indexes on MT4 because NT does not approve certain indi's I use on those indexes. Thank you.
  • #2
  • Sep 16, 2014 1:26pm Sep 16, 2014 1:26pm
Hi, Robertk ..... my strategy was affected too, by liteforex's decision to remove the indexes coz they don't want traders to use them as guide, i think.

Try GCI MT4, but they don't provide USD index.
STRENGHT IS LIFE ,WEAKNESS IS DEATH - SWAMI VIVEKANANDA
  • #3
  • Sep 16, 2014 3:54pm Sep 16, 2014 3:54pm
Quoting Robertk
So as of today Liteforex is not providing any of the LFX indexes anymore. My whole strategy was based on these indexes so for me this is just a terrible day. FXCM is still providing a dollar index, but other currency indexes such as EUR, GBP, AUD are nowhere to be found. If anyone please can come with a suggestion this is much appreciated. I need these indexes on MT4 because NT does not approve certain indi's I use on those indexes. Thank you.
Hi, Robertk,

Lfx indexes formula is not secret, maybe someone can make these mt4 indicators ?

USDLFX = ((USDCHF * USDJPY * USDCAD) / (EURUSD * GBPUSD * AUDUSD))^(1/7)
EURLFX = USDLFX * EURUSD
GBPLFX = USDLFX * GBPUSD
etc....
  • #4
  • Sep 16, 2014 7:14pm Sep 16, 2014 7:14pm
Same here. Been trading those indices as a strategy element and now they are gone.
So far, i've not seen any other broker carrying those indices. I'm sure there are many others who are in the soup as well and all are looking for the solution.

One way around is to have a very good Broker and to co-ordinate with him in developing these indices from scratch. That's a long shot.
Another way is to use the LFX formula and come up with a price point for each individual index, one by one. In this case, the visuals still go for a toss.

@ RobertK : Hello There. Can you please confirm if the USD index provided by FXCM has the same price data as of LiteForex? Also can you please confirm if Liteforex had given any prior warning for this?

I think we should stick together on this and work out the various ways to counter this situation.

Regards,
There is no such thing as LUCK ! Chance favors the prepared mind.
  • #5
  • Sep 16, 2014 8:59pm Sep 16, 2014 8:59pm
Hi

i think that the solution will be to create an Ea that will create offline charts using the formulas from liteforex.
  • #6
  • Sep 17, 2014 1:00am Sep 17, 2014 1:00am
Yes, this is a sad day for us who have worked endlessly on creating a strategy using these indices. I will stay tuned to this thread for any new info. Likewise, If I come across useful info I will also post here. After four years of theorizing, analyzing, and practicing forex trading there is a little in me that says its time to pack it in! As in the past though, I will continue pursuing this dream of mine.
  • #7
  • Sep 17, 2014 4:55am Sep 17, 2014 4:55am
Quoting McNish
Same here. Been trading those indices as a strategy element and now they are gone. So far, i've not seen any other broker carrying those indices. I'm sure there are many others who are in the soup as well and all are looking for the solution. One way around is to have a very good Broker and to co-ordinate with him in developing these indices from scratch. That's a long shot. Another way is to use the LFX formula and come up with a price point for each individual index, one by one. In this case, the visuals still go for a toss. @ RobertK : Hello...
FXCM uses a different weighting formula. Fact sheet simply states EUR/USD, GBP/USD, AUD/USD, JPY/USD being equally weighted but that's pretty much it.
Personally I think Okday's and kingofmicro's solution would be the most realistic for now although one cannot put indicators on top of the chart/indi in this case.

@bigsteely101, thanks. If any of you find a solution somewhere please share it over here.
  • #8
  • Sep 17, 2014 7:13am Sep 17, 2014 7:13am
Same problem here. Hope we will find a solution soon.
  • #9
  • Sep 17, 2014 4:35pm Sep 17, 2014 4:35pm
Quoting McNish
Can you please confirm if the USD index provided by FXCM has the same price data
Quoting Robertk
{quote} FXCM uses a different weighting formula. Fact sheet simply states EUR/USD, GBP/USD, AUD/USD, JPY/USD being equally weighted but that's pretty much it.
The USDOLLAR instrument on the FXCM platform is the Dow Jones FXCM Dollar Index, while USDX is the ICE Dollar Index. A Robert mentioned, USDOLLAR is equally weighted against the Euro, Japanese Yen, British Pound, and Australian Dollar. USDX, reflecting its inception in 1973, is very heavy in European currencies, with a 58.6% weighting in the Euro alone, and a total 78.3% weighting in European currencies.

http://img203.imageshack.us/img203/5959/usdx.png


While you can trade USDOLLAR with FXCM, it's also possible to chart USDX on the FXCM platform if you download the free custom indicator for the ICE Dollar Index. (shown above)
  • #10
  • Sep 17, 2014 7:45pm Sep 17, 2014 7:45pm
Quoting Jason Rogers
{quote} {quote} The USDOLLAR instrument on the FXCM platform is the Dow Jones FXCM Dollar Index, while USDX is the ICE Dollar Index. A Robert mentioned, USDOLLAR is equally weighted against the Euro, Japanese Yen, British Pound, and Australian Dollar. USDX, reflecting its inception in 1973, is very heavy in European currencies, with a 58.6% weighting in the Euro alone, and a total 78.3% weighting in European currencies. {image} While you can trade USDOLLAR with FXCM, it's also possible to chart USDX on...
Hi Fxcm Man J
Thank you for information. You right, USDX 78.3% European currencies.Therefore, we dont trade Usdx. WE LOVE LFX J
Why ? Because, LFX instruments are transparent and calculated.

You say, Dow Jones FXCM Dollar Index is built by equal weighting the following currency pairs: EUR/USD, GBP/USD, USD/JPY and AUD/USD.
Bla, bla, blaaa… Okey ! Show us, how calculated your $ index ? Why don’t I calculate your $ index ? Is it Coca Cola ? J

I’m looking now, USDLFX 1,7947 and EURLFX 2,3072. Let’s together calculate EURUSD;

EURUSD : EURLFX / USDLFX
2,3072 / 1,7947 = 1,28556304674876

Is it right ? Right ! Also not 5 digit, full 14 digit.
This method can calculate all major and crosses pairs ( jpy & usd not including. but jpy & usd transparent and calculated )

Well ! How can I trade your $ index ? How it Works stand-alone ?
Do you have aud, nzd, chf, cad, gbp, jpy, eur index ? J
  • #11
  • Sep 18, 2014 8:05am Sep 18, 2014 8:05am
Quoting kingofmicro
{quote} Hi Fxcm Man J Thank you for information. You right, USDX 78.3% European currencies.Therefore, we dont trade Usdx. WE LOVE LFX J Why ? Because, LFX instruments are transparent and calculated. You say, Dow Jones FXCM Dollar Index is built by equal weighting the following currency pairs: EUR/USD, GBP/USD, USD/JPY and AUD/USD. Bla, bla, blaaa… Okey ! Show us, how calculated your $ index ? Why don’t I calculate your $ index ? Is it Coca Cola ? J I’m looking now, USDLFX 1,7947 and EURLFX 2,3072. Let’s together calculate EURUSD; EURUSD : EURLFX...
Exactly my thought. What kingofmicro described helps tremendously in calculating values for each currency pair by checking the different indexes. One cannot do that at FXCM's dollar index/ICE because there is no formula given/no solid counterpart. Thank you for taking your time and informing us by the way.
  • #12
  • Sep 18, 2014 10:08am Sep 18, 2014 10:08am
Quoting kingofmicro
You say, Dow Jones FXCM Dollar Index is built by equal weighting the following currency pairs: EUR/USD, GBP/USD, USD/JPY and AUD/USD. Bla, bla, blaaa… Okey ! Show us, how calculated your $ index ?
Quoting Robertk
{quote} Exactly my thought. What kingofmicro described helps tremendously in calculating values for each currency pair by checking the different indexes. One cannot do that at FXCM's dollar index/ICE because there is no formula given/no solid counterpart. Thank you for taking your time and informing us by the way.
This PDF includes details on how the Dow Jones FXCM Dollar Index (ticker: USDOLLAR) formula is calculated: http://www.djindexes.com/mdsidx/down...ethodology.pdf


Quoting kingofmicro
Do you have aud, nzd, chf, cad, gbp, jpy, eur index ? J
There is a Dow Jones FXCM Yen Index (ticker: DJFXJPY) but it's not tradable like USDOLLAR.

In addition to USDOLLAR, FXCM offers a variety of currency baskets on Mirror Trader, including USD, EUR, GBP, AUD and JPY, as well as baskets designed to take advantage of interest rate differentials: http://www.fxcm.com/uk/platforms/mir...0000000MusRAAS
  • #13
  • Sep 18, 2014 12:09pm Sep 18, 2014 12:09pm
Iron FX have all major currency indexes, USD,GBP,EUR,JPY,AUD and UCF
  • #14
  • Sep 18, 2014 4:21pm Sep 18, 2014 4:21pm
Quoting Nednones
Iron FX have all major currency indexes, USD,GBP,EUR,JPY,AUD and UCF
I openend a demo account with them after reading your post. However their index charts look totally different from the Liteforex index charts.
I compared them to forexticket.com and they are not the same. I made some screenshots for you too see the difference.

EUR from forexticket.com:

http://f.666kb.com/i/crxi2rwp6e71ocjq3.jpg

EURLFX from liteforex:

http://f.666kb.com/i/crxi2yctujam6ua1f.gif

EUR from IronFX:

http://f.666kb.com/i/crxi32s0h4zu5y24z.gif

Same with USD:

Forexticket.com:

http://f.666kb.com/i/crxi5zip48vmazscz.gif

Liteforex:

http://f.666kb.com/i/crxi59xx3n9hw22c3.gif

IronFX:

http://f.666kb.com/i/crxi52xg0iw7n8x1v.gif
  • #15
  • Sep 18, 2014 4:25pm Sep 18, 2014 4:25pm
And CHF from forexticket.com:

http://666kb.com/i/crxi9wq66hhwitsgv.jpg

CHFLFX from liteforex:

http://666kb.com/i/crxiaaqpa92axh843.gif

CHF from IronFX:

http://666kb.com/i/crxiaf6ldwkjn4383.gif
  • #16
  • Sep 21, 2014 11:54pm Sep 21, 2014 11:54pm
Woohoo, I just wanted to let you know that the Liteforex feed seems to be back up and running.
  • #17
  • Sep 29, 2014 9:41am Sep 29, 2014 9:41am
FXtradeweb also has Currency Indices on there website - http://www.fxtradeweb.com/Basket-Live-Eur.html

They have all the majors as well as a few others - Volatility Index, Commodity Index, Metals Index etc...

Its a pretty useful tool as you can also overlay any FX pair against an Index & track correlations and performance

The cross overs are good for trade confirmations and signals!

All the calculations and Index weightings are listed on the page for those who want to drill down into the maths
Attached Image (click to enlarge)
Click to Enlarge Name: FXbaskets.jpg Size: 177 KB
  • #18
  • Feb 24, 2015 2:26am Feb 24, 2015 2:26am
Liteforex are still providing the quotes for currency indices just that clients can't trade them anymore.
Pips Collector EA, No Martingale, No Grid
  • #19
  • May 13, 2015 12:26pm May 13, 2015 12:26pm
This one allows you to trade the usdx and the eurx! http://forexltd.co.uk
  • #20
  • May 24, 2015 6:24am May 24, 2015 6:24am
Quoting kingofmicro
{quote} Hi, Robertk, Lfx indexes formula is not secret, maybe someone can make these mt4 indicators ? USDLFX = ((USDCHF * USDJPY * USDCAD) / (EURUSD * GBPUSD * AUDUSD))^(1/7) EURLFX = USDLFX * EURUSD GBPLFX = USDLFX * GBPUSD etc....





this ever got accomplished
0 traders viewing now