FXCM MT4 Good/Bad vs IBFX? | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

IBFX MT4 Tools- Undock MT4 Charts 58 replies

Bad Tick on FXCM MT4 5m EURUSD chart feed 0 replies

Anybody at all have good experiences with IBFX? 19 replies

Ibfx fxdd fxcm ndd stp? 1 reply

Problem with IBFX MT4 demo charts 8 replies

Attachments: FXCM MT4 Good/Bad vs IBFX?
Exit Attachments

FXCM MT4 Good/Bad vs IBFX?

  • #161
  • Sep 23, 2014 1:46pm Sep 23, 2014 1:46pm
Quoting Jason Rogers
{quote} {quote} As a quick fix, you can log into your FXCM account on your old IBFX MT4 platform by typing the Server number (mt4d06.fxcorporate.com) in the Login window. However, I strongly suggest you install a new copy of the FXCM MT4 platform as soon as possible and begin using your new platform. Then you can transfer your indicators and EAs over to the appropriate new folders: http://download.fxcorporate.com/FXCM-MT4Install.exe
Correction to this earlier post I made

If you have a USD-denominated trading account that was transferred from IBFX to FXCM this past weekend, then the correct server number is mt4r17.fxcorporate.com
  • #162
  • Sep 23, 2014 2:03pm Sep 23, 2014 2:03pm
Quoting Jason Rogers
{quote} Hi Lnefx, We offer two time zone options for our MT4 servers: GMT and GMT+2/3 (AKA New York Close). GMT is an easier time zone to understand for some, while GMT+2/3 allows for New York Close charts with no Sunday candle: http://www.forexfactory.com/showthre...33#post7215433 IBFX accounts denominated in USD were transferred to one of our USD servers set to GMT. IBFX accounts denominated in AUD were transferred to one of our AUD servers set to GMT+2/3 (New York Close)....
Hi Jason!
My transfer was made to USD server but is not GMT time, It is GMT+1, so the H4 candles are differents.
  • #163
  • Sep 23, 2014 2:28pm Sep 23, 2014 2:28pm
Quoting lnefx
What GMT offset is FXCM using for the IBFX accounts that were transferred? I have 2 accounts that were transferred to FXCM. One in USD and the other AUD. The GMT offset on MT4 is different for each account. The USD based account is showing GMT + 1 The AUD based account is showing GMT + 3
Quoting malejandrosf
{quote} Hi Jason! My transfer was made to USD server but is not GMT time, It is GMT+1, so the H4 candles are differents.
Indeed, you are correct, Malejandrosf

Our techs have identified the issue causing this. Unfortunately, they will not be able to implement the fix until this weekend when trading closes. Your server will display charts in GMT starting next week.
  • #164
  • Sep 23, 2014 3:31pm Sep 23, 2014 3:31pm
Quoting Jason Rogers
{quote} {quote} Indeed, you are correct, Malejandrosf Our techs have identified the issue causing this. Unfortunately, they will not be able to implement the fix until this weekend when trading closes. Your server will display charts in GMT starting next week.
Oh, great, Thanks Jason.
  • #165
  • Sep 23, 2014 3:50pm Sep 23, 2014 3:50pm
Quoting malejandrosf
{quote} Oh, great, Thanks Jason.
Thank you, Malejandrosf

Out of curiosity, do you have a preference for GMT or GMT+2/3 as the server time for your MT4 charts? While some people like the simplicity of GMT, others prefer GMT+2/3 because it syncs the daily chart bars with the New York Close at 5pm New York Time.

This question is open to everyone else who's reading this post: Do you prefer GMT or GMT+2/3 (New York Close) as the time zone for your MT4 charts?

Thanks,
Jason
  • #166
  • Sep 23, 2014 4:00pm Sep 23, 2014 4:00pm
I would prefer GMT +2/3. I can live with GMT if that is what it ends up being.
Mark ... Everything you have been told is a LIE
  • #167
  • Sep 23, 2014 4:04pm Sep 23, 2014 4:04pm
Quoting Jason Rogers
{quote} Thank you, Malejandrosf Out of curiosity, do you have a preference for GMT or GMT+2/3 as the server time for your MT4 charts? While some people like the simplicity of GMT, others prefer GMT+2/3 because it syncs the daily chart bars with the New York Close at 5pm New York Time. This question is open to everyone else who's reading this post: Do you prefer GMT or GMT+2/3 (New York Close) as the time zone for your MT4 charts? Thanks, Jason
I prefer GMT, I have been trading on GMT for the last 4 years so.
  • #168
  • Sep 23, 2014 4:19pm Sep 23, 2014 4:19pm
IBFX AU had me on GMT time (I think IBFX had everyone on GMT time), and that's what I prefer and that's what I have my indicators based on...
  • #169
  • Sep 23, 2014 4:47pm Sep 23, 2014 4:47pm
GMT +1
"Holy Grail" exists - accepting where is the first step.
  • #170
  • Sep 23, 2014 11:08pm Sep 23, 2014 11:08pm
I prefer GMT.
  • #171
  • Sep 24, 2014 1:18am Sep 24, 2014 1:18am
Quoting Jason Rogers
{quote} others prefer GMT+2/3 because it syncs the daily chart bars with the New York Close at 5pm New York Time. This question is open to everyone else who's reading this post: Do you prefer GMT or GMT+2/3 (New York Close) as the time zone for your MT4 charts? Thanks, Jason
As price is all that matters, I don't really care myself. The shape of a given "bar" on a given TF (except 1H and less) means little to me.

That said, I have to admit I'm confused by the above. Isn't NY time (EST/DST) GMT -4/5 ? Where does GMT+2/3 to "sync with NY Close at 5pm" come from?
Ghost Rider - WWTBMD?
  • #172
  • Sep 24, 2014 2:04am Sep 24, 2014 2:04am
One thing I'd like to know is what the heck is it with all these gaps? Never had them with IBFX. I know they aren't "real" gaps? Just two examples here.

What gives with the data feed FXCM?
Attached Images
Ghost Rider - WWTBMD?
  • #173
  • Sep 24, 2014 7:36am Sep 24, 2014 7:36am
Quoting albchr
One thing I'd like to know is what the heck is it with all these gaps? Never had them with IBFX. I know they aren't "real" gaps? Just two examples here. What gives with the data feed FXCM? {image} {image}
Yea, lovely missing bars. Spent a very very long time on the 24hr chat (type and wait ages) line. Finally said that it has been confirmed that there is a problem but cant be fixed until the weekend. Only applys to the new ex ibfx customers on ...09 server (that comes from that mt4r17.fxcorporate.com:433 server stuff).
Not good enough !
Soooo while waiting (did I say it took a very very long time) I had exported my demo data for the few pairs & minutes I have set up since starting.
After getting the tuff s..t till next week bit and closing chat, I switched back to my live account and imported back in that demo data.
Looks all good. Now just remember not to Refresh any charts as that will bring in the bad data from server ...09 again.

What a cluster !

@Jason Rogers

I am used to the GMT, but was looking forward to having NY based bars to tidy up the extra Sunday little bar. So reckon we should get NY hours and get used to it like a lot of other changes we will have to work around.

Like no News Tab on the fxcm platform. Has been disabled, I assume so they can spruk their dailyfx plus junk with the advertising spliced in as articles.

Can you tell I havent had a good day, did I say it was very very long - Oh yea done that
In case interested dailyfx plus now via Username: trydfx_public Password: Eurusd0914
for what it is worth. (zip to me)

cheers scalpz
Target 2 : Stoploss in the green
  • #174
  • Sep 24, 2014 11:22am Sep 24, 2014 11:22am
Quoting spzd
I would prefer GMT +2/3. I can live with GMT if that is what it ends up being.
Quoting malejandrosf
{quote} I prefer GMT, I have been trading on GMT for the last 4 years so.
Quoting Aad
IBFX AU had me on GMT time (I think IBFX had everyone on GMT time), and that's what I prefer and that's what I have my indicators based on...
Quoting VaBikePacker
GMT +1
Quoting AboFatimah
I prefer GMT.
First, I want to thank all of you for providing your feedback on my question about GMT vs. New York Close!

I also want to make sure you are all aware that FXCM offers you the choice between GMT and New York Close charts on MT4*: http://www.forexfactory.com/showthre...33#post7215433

Quoting albchr
{quote} As price is all that matters, I don't really care myself. The shape of a given "bar" on a given TF (except 1H and less) means little to me. That said, I have to admit I'm confused by the above. Isn't NY time (EST/DST) GMT -4/5 ? Where does GMT+2/3 to "sync with NY Close at 5pm" come from?
Hi Chris,

With MT4 charts, the daily candles (and all shorter time frame candles like 4-hour and 8-hour) begin at midnight server time. An MT4 server time of GMT+2/3 is referred to as "New York Close", because midnight on this server time corresponds to 5pm in New York which marks the close of one 24-hour trading day in the forex market and the start of the next.

The reason many traders like New York Close is because it means that every week you are looking at 5 daily candles, each of which is 24 hours in length. This allows you to make an apples to apples comparison when using indicators on your charts such as the 50-day moving average, because each daily candle represents the same amount of time.

With charts that are not set to the New York Close, you will have 6 uneven daily candles per week. The Sunday candle might only be 2 hours long, while the Friday candle is 22 hours long, with the other 4 candles being 24 hours long. This can throw off the signals from indicators such as the 50-day moving average which work on the assumption that each daily candle should be given the same weight.

You all have been so kind in sharing your opinions, so I will chime in as well. My personal preference is to have my MT4 charts set to the New York Close (server time GMT+2/3). I like having 5 even daily candles per week with no Sunday candle. Then I use the free Local Time Frames app on FXCMapps.com to display my local time on the MT4 charts: http://www.fxcmapps.com/metatrader-4...0000000MusRAAS

http://fxcmapps.com/wp-content/uploa...screenshot.jpg


* Note that Trading Station charts have always been set to New York Close. Unlike with the MT4 platform, Trading Station allows you to display the time zone of your choice, and the daily candles will still begin and end at 5pm New York time. Your FXCM MT4 account login will allow you to log into Trading Station as well.
  • #175
  • Sep 24, 2014 11:47am Sep 24, 2014 11:47am
I recognize my input may be construed as GMT +1, I mean that if this is a vote, you can add mine as for GMT.

Isn't NY GMT -4/5?
"Holy Grail" exists - accepting where is the first step.
  • #176
  • Edited 12:24pm Sep 24, 2014 12:01pm | Edited 12:24pm
Quoting VaBikePacker
I recognize my input may be construed as GMT +1, I mean that if this is a vote, you can add mine as for GMT.
Thanks for this clarification, VaBikePacker

For now FXCM will continue to offer MT4 traders the choice between GMT and New York Close charts, because (as you can see from this discussion) opinion is divided over these two options: http://www.forexfactory.com/showthre...33#post7215433


Quoting VaBikePacker
Isn't NY GMT -4/5?
With MT4 charts, the daily candles (and all shorter time frame candles like 4-hour and 8-hour) begin at midnight server time. An MT4 server time of GMT+2/3 is referred to as "New York Close", because midnight on this server time corresponds to 5pm in New York which marks the close of one 24-hour trading day in the forex market and the start of the next. My previous post includes more information about this.
  • #177
  • Sep 24, 2014 12:46pm Sep 24, 2014 12:46pm
Quoting Jason Rogers
I like having 5 even daily candles per week with no Sunday candle. Then I use the free Local Time Frames app on FXCMapps.com to display my local time on the MT4 charts: http://www.fxcmapps.com/metatrader-4...0000000MusRAAS {image} * Note that Trading Station charts have always been set to New York Close.
That's neat. As a former IBFX customer, I start liking FXCM. Thanks for the tips, Jason.
  • #178
  • Sep 24, 2014 2:18pm Sep 24, 2014 2:18pm
Some data problems here too. The data shows "October" data to the left of "September" data with a large gap. Is this some predictive software that's telling me where price will be next month? :-)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4-1.png Size: 30 KB
Click to Enlarge Name: USDJPYH4-1.png Size: 33 KB
  • #179
  • Sep 24, 2014 2:39pm Sep 24, 2014 2:39pm
Quoting albchr
One thing I'd like to know is what the heck is it with all these gaps?
Quoting scalpz
{quote} Yea, lovely missing bars.
Quoting srt
Some data problems here too.
Thanks for reporting these chart issues. I'm sharing the information you provided with our techs so they can investigate this further.

Just to confirm, are all three of you are on the FXCM-USDReal09 server? That's our newest MT4 server that was set up to host the USD-denominated accounts FXCM acquired from IBFX this past weekend.

Also, could you try logging into a demo account on your MT4 platform to see if it has the same chart issues? If you do not have an MT4 demo with us currently, you can set one up by going to File > Open an Account on your platform.
  • #180
  • Sep 24, 2014 2:44pm Sep 24, 2014 2:44pm
Quoting Jason Rogers
{quote} {quote} {quote} Thanks for reporting these chart issues. I'm sharing the information you provided with our techs so they can investigate this further. Just to confirm, are all three of you are on the FXCM-USDReal09 server? That's our newest MT4 server that was set up to host the USD-denominated accounts FXCM acquired from IBFX this past weekend. Also, could you try logging into a demo account on your MT4 platform to see if it has the same chart issues? If you do not have an MT4 demo with us currently, you can set...
Correct
1 trader viewing now