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  • #5,441
  • Nov 16, 2014 8:53am Nov 16, 2014 8:53am
Quoting jmflukeiii
{quote} For example, I trade range bars primarily and would like to enter a sell stop if the current bar closes down. I can't do this now without first calculating the difference between the charted bid and the actual bid. Trading from 3 pip range bars during high activity, I have at best 15 seconds to do this. Further, I'd like to place a stop behind the bar, but then need to calculate where the actual ask is versus the one that is shown, and then hope that the spread of the actual and the spread of the charted prices don't change too much. Yeah,...
Hi Jim.

I am attaching an indicator which may or may not be helpful to you and others. The picture should be helpful in showing what this indicator does.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: bid ask line.gif Size: 38 KB
Attached File(s)
File Type: ex4 Bid Ask Line.ex4   3 KB | 440 downloads
  • #5,442
  • Nov 16, 2014 5:28pm Nov 16, 2014 5:28pm
I tried downloading the free 'DailyFX News' add-on for Trading Station Desktop from fxcmapps.com with no luck. There is no link to download the app on the order summary page. Under the "Unlock Download' portion of that page, it states: "If you supplied a credit card number at the time of purchase, please enter that number below. Otherwise, leave the field empty and simply click "Apply" to view your download links." Its a free app, there was no where to enter a credit card number when I went through placing the order, nor was there any need to because the app is free. I did as the directions said, and left the field empty and clicked "Apply" but no download link appeared...
  • #5,443
  • Nov 17, 2014 2:20am Nov 17, 2014 2:20am
  •  penang
  • | Joined Aug 2009 | Status: Read my lips...Money Management | 15 Posts
Jason, was there an increase in the MMR for the US30, SPX500 and NAS100 over the weekend as they seem to have increased from US$60, US$70 and $$20 to US$110, US$125 and US$30 respectively per 1 unit of the respective index according to the Trading Station platform? Why was there such an almost 100 per cent increase in the MMR which is highly unusual and without prior notice?
  • #5,444
  • Nov 17, 2014 7:37am Nov 17, 2014 7:37am
Quoting 1greyfox
{quote} Hi Jim. I am attaching an indicator which may or may not be helpful to you and others. The picture should be helpful in showing what this indicator does. 1greyfox {image} {file}
Thanks, but in order to forecast the close of the current range bar, an accurate history of price is needed, which is not currently provided.
Small disciplines repeated with consistency lead to great achievements.
  • #5,445
  • Nov 17, 2014 9:48am Nov 17, 2014 9:48am
Hi Jason,


Please also see my question in "FXCM vs IBFX thread". This needs a FIX asap - as at this point when I place a SL/TP order, it propagates FORWARD/BACKWARD on ALL THE ACTIVE ORDERs. THIS IS NOT THE INTENTION OF FIFO RULE AND IT IS DETRIMENTAL TO CLIENTS. FIFO rule intention was only BACKWARDS propagation, not FORWARD.

FXCM placing STOP LOSS/TAKE PROFIT INDISCRIMINATELY -REGARDLESS OF FIFO RULE -BOTH ON MT4 AND TRADE STATION PLATFORMS.

If I add a TP/SL on my first order opened (FI) the subsequent active orders are also automatically affected. THIS IS WRONG, and IT IS NOT THE FIFO RULE. IT IS WAY BEYOUND ITS SCOPE.
your suggestions are unfortunately not feasible. I need to place SL/TP orders directly on the trading platform, without worrying about poor implementation of FIFO rule -again detrimental to clients.

Regards,
Liviu
Once A Trader Always A Trader.
  • #5,446
  • Nov 17, 2014 2:02pm Nov 17, 2014 2:02pm
Quoting 1greyfox
{quote} Hi Jim. I am attaching an indicator which may or may not be helpful to you and others. The picture should be helpful in showing what this indicator does. 1greyfox {image} {file}
Thanks for sharing that indicator, 1greyfox

Quoting jmflukeiii
{quote} Thanks, but in order to forecast the close of the current range bar, an accurate history of price is needed, which is not currently provided.

Hi Jmflukeiii,

Do you do such forecasting manually, or have you automated the calculations? If it's the latter, couldn't you subtract the fixed markup from the MT4 chart prices as part of your calculations to get the raw Bid and Ask for your forecasting? If it's the former, you can get the historical raw Bid and Ask prices in table view of Trading Station charts.
  • #5,447
  • Nov 17, 2014 3:09pm Nov 17, 2014 3:09pm
Quoting Jason Rogers
{quote} Thanks for sharing that indicator, 1greyfox {quote} Hi Jmflukeiii, Do you do such forecasting manually, or have you automated the calculations? If it's the latter, couldn't you subtract the fixed markup from the MT4 chart prices as part of your calculations to get the raw Bid and Ask for your forecasting? If it's the former, you can get the historical raw Bid and Ask prices in table view of Trading Station charts.
Close of range bar (an up close bar) = Low[current bar] + range bar size. I need the low of the current bar therefore to forecast the close.

If the markup is truly fixed (could you tell us what it is), then I could take the chart-printed low of the bar (bid price), add the markup (as the bid of the raw spread is higher than it) and then add the range bar size to that and then add back in the raw spread to figure out where to place my ask buy-stop. Reverse all for a forecasted down bar close.

EDIT: Looks like 1.1 pips. This is constant?

EDIT 2: This reminds me, do you think MT4 will ever come with a static price ladder? I've never understood why anyone would use a dynamic price ladder; its nearly impossible to place a pending order at the price you want with the ladder jumping around all over the place.
Small disciplines repeated with consistency lead to great achievements.
  • #5,448
  • Nov 17, 2014 3:10pm Nov 17, 2014 3:10pm
Quoting incali
I tried downloading the free 'DailyFX News' add-on for Trading Station Desktop from fxcmapps.com with no luck. There is no link to download the app on the order summary page. Under the "Unlock Download' portion of that page, it states: "If you supplied a credit card number at the time of purchase, please enter that number below. Otherwise, leave the field empty and simply click "Apply" to view your download links." Its a free app, there was no where to enter a credit card number when I went through placing the order, nor was there any need to because...
Hi Incali,

I just tested this myself now and was able to successfully download the free app. No credit card number is required. You should be able to complete the process using just your name, phone and email address as shown below.


1. Click on the Checkout button.

http://i.imgur.com/c28kmsy.png



2. Enter your name, phone and email address. Then click on the Continue button.

http://i.imgur.com/iIxjIYI.png



3. Click on the Send Order button.

http://i.imgur.com/QIZuD7f.png



4. Click on the Download button.

http://i.imgur.com/HE0Byp1.png

  • #5,449
  • Nov 17, 2014 4:12pm Nov 17, 2014 4:12pm
Quoting penang
Jason, was there an increase in the MMR for the US30, SPX500 and NAS100 over the weekend as they seem to have increased from US$60, US$70 and $$20 to US$110, US$125 and US$30 respectively per 1 unit of the respective index according to the Trading Station platform? Why was there such an almost 100 per cent increase in the MMR which is highly unusual and without prior notice?
Hi Penang,

Thanks for your post. This is the first I'm hearing of this MMR (minimum margin requirement) increase myself. I checked with our trading desk to get more details for you. Apparently, this margin increase was mandated by the Investment Industry Regulatory Organization of Canada (IIROC) for immediate implementation. That means only Friedberg Direct (www.fxcm.ca) accounts in Canada were affected. While no emails could be sent out in advance of this IIROC-required change, it's worth noting that trading accounts in Canada are not liquidated immediately if they fall below MMR. You would first receive a warning if your account fell below MMR and would have several days to get your account back above MMR either by adding funds or closing out some positions.
  • #5,450
  • Nov 17, 2014 5:36pm Nov 17, 2014 5:36pm
Quoting Liviu
Hi Jason, Please also see my question in "FXCM vs IBFX thread". This needs a FIX asap - as at this point when I place a SL/TP order, it propagates FORWARD/BACKWARD on ALL THE ACTIVE ORDERs. THIS IS NOT THE INTENTION OF FIFO RULE AND IT IS DETRIMENTAL TO CLIENTS. FIFO rule intention was only BACKWARDS propagation, not FORWARD.
Hi Liviu,

MT4 is a third-party platform, so there are limits to the changes we can make to it to have it comply with that FIFO regulations that apply to traders in the US. That said, there's a free Expert Advisor on FXCMapps.com that will allow you to create multiple stop losses and take profits on your US MT4 account: http://bit.ly/1wXKHsE

Quoting Liviu
FXCM placing STOP LOSS/TAKE PROFIT INDISCRIMINATELY -REGARDLESS OF FIFO RULE -BOTH ON MT4 AND TRADE STATION PLATFORMS.
There seems to be some confusion. Unlike MT4, the Trading Station was developed by FXCM in-house, and it does allow you to set multiple stops and limits for the same currency pair. It sounds like you may have been trying to change the Net Stop and Net Limit. As the names suggest, there is only one Net Stop and one Net Limit for each currency pair. Instead, you can use Simple OCO (One Cancels Other) Orders to create multiple Stop/Limit pairings for each currency pair. Before trying this live, I suggest practicing on a demo account using the following information: http://bit.ly/1u3lze9
  • #5,451
  • Nov 17, 2014 6:00pm Nov 17, 2014 6:00pm
Quoting jmflukeiii
Looks like 1.1 pips. This is constant?
Yes, prior to the introduction of FXCM's new pricing with raw FX spreads and commissions, the markup on the old pricing was fixed (constant). For for EUR/USD it was 1.1 pips. However, each currency pair had its own fixed markup. To determine the fixed markup for a different currency pair, look at the raw Bid and Ask you see in your Market Watch window and compare them to the prices you see on a 1-minute MT4 charts. For example, in the chart below which still shows the old pricing, you can see a spread of 2.2 pips for EUR/USD while the new raw FX spread you can actually trade on is 0 pips. That indicates that the chart Bid and Ask have each had a 1.1 pip markup added.

http://i.imgur.com/YOFxX1G.png

  • #5,452
  • Nov 18, 2014 1:47pm Nov 18, 2014 1:47pm
Jason,

please clarify. why one would need to use OCO, just to take a profit ? never heard of this before.

let's say i have order A buy XY currency filled at Price F1 on date D1.
few days LATER i have order B buy XY currency filled at Price F2 on date D2
let's say i don't place stop loss or take profit values for these orders.

few days later i want to take profit on order A and I place a sell limit for P1.

the problem is that when i input this order P1 automatically inserts for the order B also; this should not happen, and again this is wrong, and the order B should not be automatically linked with order A - unless I place a sell limit P2 with P2 < P1 (which would trigger the FIFO).

however, this is what happens on the web Trade station platform from FXCM, when i try to place orders.

Thank you,
Liviu
Once A Trader Always A Trader.
  • #5,453
  • Nov 18, 2014 1:48pm Nov 18, 2014 1:48pm
also if you don't mind please show a concrete example on trade station web platform.
Once A Trader Always A Trader.
  • #5,454
  • Nov 18, 2014 4:26pm Nov 18, 2014 4:26pm
Hello Jason I want to know why does the FXCM Trading platform Marketscope 2.0 suddenly freeze up around 4:00 pm EST. I have tried to place trades and even close trades around this time and could not because the platform won't let me do anything. Also sometimes the charts are not loading up. Sometimes you have to close the platform two or three times to get them to load.
  • #5,455
  • Nov 19, 2014 3:32am Nov 19, 2014 3:32am
Please help me Jason
Thank you for funding your FXCM account.
Your deposit is being processed and will be available for trading in approximately 1-2 hours. In some cases, delays in processing may occur. If we encounter any problems with this transaction, you will be notified via email.
The details of the transaction appear below:

  1. Order ID: MK0000303092
  2. Date: Wed, Nov 19, 2014 @ 06:11:50 GMT
  3. Pay To: FXCM
  4. Amount: USD 10000.0
  5. Trading Account Currency Denomination*: USD

My account is burning? please deposit now...

Attached Image (click to enlarge)
Click to Enlarge Name: 19-11-2014 16-31-26 PM.jpg Size: 90 KB
  • #5,456
  • Nov 19, 2014 3:56am Nov 19, 2014 3:56am
He said , i deposited 15000 usd in this month ."wrong" FXCm paid me 20.000 usd by visa card so i deposited 20000 usd in this month.
Why i deposit more 10000 usd in this month why fxcm approved transaction? now , my account is burning, i try to deposit more 10000 usd and FXCM approved but pending. Why do that?
Attached Image (click to enlarge)
Click to Enlarge Name: 19-11-2014 16-47-24 PM.jpg Size: 182 KB
  • #5,457
  • Edited 10:29am Nov 19, 2014 9:41am | Edited 10:29am
Quoting HTD-Pro
Please help me Jason Thank you for funding your FXCM account. Your deposit is being processed and will be available for trading in approximately 1-2 hours. In some cases, delays in processing may occur. If we encounter any problems with this transaction, you will be notified via email. The details of the transaction appear below:
Quoting HTD-Pro
He said , i deposited 15000 usd in this month ."wrong" FXCm paid me 20.000 usd by visa card so i deposited 20000 usd in this month. Why i deposit more 10000 usd in this month why fxcm approved transaction? now , my account is burning, i try to deposit more 10000 usd and FXCM approved but pending. Why do that? {image}
Hi HTD-Pro,

I just came into the office this morning and your posts are the first ones I'm responding to due to your urgency. However, you should have already received the email our Operations department sent you earlier today explaining why your 10K credit card deposit could not be accepted. For security reasons, there is a limit on credit card deposits of 20K per month, and as you mentioned above, you have already made 15K in deposits by card for November. The fact that you have withdrawn 20K from your account this month does not negate the security reasons for the 20K credit card deposit limit per month. (Speaking of security, please edit your posts above to remove your personal information such as your full name, order numbers, etc. I made a similar request for your security regarding posts you made last week: http://www.forexfactory.com/showthre...95#post7866095)

Below are your options if you want to deposit more funds into your trading account this month:

  1. If you want to deposit 5K or less, then you can do so by credit card and still stay within the 20K per month limit on credit card deposits.
  2. If you want to deposit 10K or more, then it will have to be by bank wire transfer, since that amount would put you over the credit card funding limit for November. Note that for bank wire deposits of 10K or more, FXCM can reimburse you for any wiring fees charged to you by your bank. Simply email a receipt of the transaction to [email protected] and our Operations department will handle it.

  • #5,458
  • Nov 19, 2014 10:41am Nov 19, 2014 10:41am
Quoting Checkz
Hello Jason I want to know why does the FXCM Trading platform Marketscope 2.0 suddenly freeze up around 4:00 pm EST. I have tried to place trades and even close trades around this time and could not because the platform won't let me do anything. Also sometimes the charts are not loading up. Sometimes you have to close the platform two or three times to get them to load.
Hi Checkz,

I would be happy to investigate the problems you've been having but would need some more details first. I've never heard of anyone having difficulty trading around 4pm EST. It's normally a very quiet time in the market. What currency pair(s) were you trading? And what day(s) did you encounter this issue?

Thanks,
Jason
  • #5,459
  • Nov 19, 2014 11:19am Nov 19, 2014 11:19am
Hi Jason,

If FXCM has revenues of about 50,000,000 USD per month on commission and spread,
does the "composite trader" - i.e. the sum of all acounts - make at least this much to cover spread and commission ?
Our composite trader would have to make 50,000,000 per month just to break even, does that really happen?
And if so what is the amount that is actually lost / gained per month in our "composite trader" account ?
  • #5,460
  • Nov 19, 2014 12:34pm Nov 19, 2014 12:34pm
Quoting Liviu
Jason, please clarify. why one would need to use OCO, just to take a profit ? never heard of this before. let's say i have order A buy XY currency filled at Price F1 on date D1. few days LATER i have order B buy XY currency filled at Price F2 on date D2 let's say i don't place stop loss or take profit values for these orders. few days later i want to take profit on order A and I place a sell limit for P1. the problem is that when i input this order P1 automatically inserts for the order B also; this should not happen, and again this is wrong, and...
Quoting Liviu
also if you don't mind please show a concrete example on trade station web platform.
Hi Liviu,

While you may never have used to term OCO (One Cancels Other) in relation to using stop and limit (take profit) orders, the fact is that if your limit (take profit) order for a trade is executed, then you would want the corresponding stop order to be canceled. That means your stop and limit orders have an OCO relationship with each other.

FXCM clients who live outside the US are not restricted by FIFO regulations, so they are allowed to create and modify stops and limits that are tied to a specific trade (order). However, since you live in the US, FIFO regulations prohibit you from setting a stop or limit that's tied to a specific trade (order). As a solution, I will show you how to use the OCO orders on Trading Station to achieve your goal. Please follow the steps below.

1. Set up a demo account to practice using OCO orders: http://bit.ly/1bNl0Pm
2. Log into your demo using Trading Station Web: https://tsweb.fxcorporate.com
3. In the menu bar, go to View and make sure there is a check next to Open Positions.
3. In the Advanced Dealing Rates window, click on the Buy price for EUR/USD.
4. In the Create Market Order window, select and amount of 100K and click OK.
5. Repeat steps 3 and 4 so you can see two EUR/USD tickets in your Open Positions window.

http://i.imgur.com/YhWDvZX.png


6. In the menu bar, go to Trading > Orders > Simple OCO
7. In the Simple OCO window, remove the check where it says Sync Rates.
8. Then make sure both Order 1 and Order 2 are set to Sell.
9. Under Order 1, enter the Rate for your Stop price.
10. Under Order 2, enter the Rate for your Limit price.

http://i.imgur.com/kSZ7D74.png


11. Click OK and you will see your OCO order for EUR/USD in your Orders window.

http://i.imgur.com/pOCmsm2.png

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