FXCM Discussion

DCFX.

Jason,

You have done a fabulous job of replying to everyone's question except mine. Mine is the only recent post in this thread showing an actual Feed Choke Taking place right before your eyes and the follow-up "clean-up job" having been performed on the chart after the Feed Choke took place. The clean-up job came when FXCM magically popped in M1 data on the chart that showed no Feed Choke ever having took place after the fact. Therefore, unless you were sitting directly in front of the M1 chart when the Feed Choke actually took place, you would never know that there was a more than 100 pip gap subsequent to a Feed Choke which prevented the Trader from ever engaging the market just before or during the move.

Can I expect an answer anytime soon on my questions about FXCM Feed Choking its own platform just before expected news that has a high probability of moving price significantly?

When you stop and think about it Jason, all of the above questions don't amount to a hill of beans when the Feed is being Choked by FXCM. It does not matter what the spread happens to be during a Feed Choke. It does not matter whether server side trade execution is taking place when the Feed is being Choked. Absolutely, nothing else matters when Feed Choking is taking place, because during the entire time the Feed Choke is in effect, the Trader cannot engage the market on any level at all.

Nothing else trumps a continuously accurate data feed, Jason. Nothing. So, it would seem to me that the most important and most pressing question in this entire thread, no matter what anyone thinks, is the question of an Accurate and Continuous Data Feed. AFTER that question is dealt with, THEN all other questions about the Trading Platform have true meaning, Jason.

Why? Because there is no Trading Platform absent a continuously reliable and accurate data feed, Jason. Logically, this is inescapable. It does not matter what else might be going on. When there is no streaming data coming to the platform because FXCM decides to Choke the Data Feed, then no trading operation can ever be executed by the Trader, ever.

Find anything on earth more important to a trading platform than its accurate and reliable data feed, and I will eat my hat in fully public view right here on ForexFactory. There is nothing more important than the Data Feed, Jason. Nothing.

You can review the relevant posts regarding Feed Choking in these two links within this thread:

http://www.forexfactory.com/showthre...40#post8809440

http://www.forexfactory.com/showthre...87#post8813287

While the vast majority of traders on the forum are here for an actual legitimate discussion, it's unfortunate that some users are here simply to spam and have an agenda. Traders can decide for themselves:


This post will give you an idea of the character of iDoubleStoch (AKA iDouble AKA WaveTop AKA 7thsignaltrader AKA StealthTrader AKA TraderNumber7 AKA Tango 6 Alpha, etc.) http://www.forexfactory.com/showthread.php?p=7670274#post7670274


I have no intention of getting into the low level of discourse that this poster devolves into, and the forums deserve better. I am here to help traders who have questions about FXCM, not users here simply to mislead others.

1. https://www.kreslik.com/forums/theru...ea-askew-t3393
2. http://www.elitetrader.com/et/index....2#post-3584394

Hi Jason, I'm not sure if you can help me but I'll give it a shot. When trying to download applications from the MQL5 Code Base on to the FXCM MT4 terminals located on my computer installation fails. Interestingly, those same applications install without issue for those same accounts whose terminals are located on a VPS. I have a couple of other demo accounts from other brokers. There don't appear to be any issues with them. I'm not sure if this is an FXCM issue, an MT4 issue or otherwise. Have you seen this before? Any assistance would be appreciated. Thank you!

Hi INFJTrader,

When you say "those same applications install without issue for those same accounts whose terminals are located on a VPS", are these FXCM MT4 accounts? If so, that would indicate the error is not with our platform. Perhaps you are installing the files into the wrong folder on your computer but using the correct one on your VPS.

On my computer, I install MT4-related files into this folder and its subfolders: "C:\Program Files (x86)\FXCM MetaTrader 4"

If you require further assistance on this, please email details about the files you are trying to install to techsupport {AT] fxcm <DOT) com and reference your account number(s).

PS: INFJ. Rare indeed.
I'm ENFP. We're a dime a dozen.

I know what you're saying. It's not that. These are installations of various application test versions from the MQL5 Code Base. I get them by opening the FXCM MT4 demo account, going to the Market tab under the Terminal window, signing into my MQL5 Code Base account and downloading (or rather attempting to download) test versions of EAs that can only be used with the Strategy Tester. That's okay. I'm going to double check things and maybe install the terminal from scratch again and do things over. If I continue to have issues I will certainly contact techsupport.

Yeah, I spend way too much time in my head and I'm always on the verge of an existential crisis! I'm okay with that. I actually embrace my idiosyncrasies and will open up to a certain few. You're not a dime a dozen. You're blessed. I admire your passion for life. Anyway, you take care my friend!

Hi Jason,

I found this report FXCM_Operating_Metrics.pdf here: http://bit.ly/ZOCB0Y

However there is no data on customer funds deposited at FXCM
For the same periods, please tell me where I can obtain the following metrics:

1) customer funds (what is the amount in the retail / institutional accounts for the period)
2) New customer funds (what is the amount in retail / institutional NEW accounts - opened during the period)
3) FXCM revenue from customer trading for the period (do not include customer accounts opened during the period)

Thank you for your help in this matter.

Simply

Wednesday is treated as three days: Wed+Sat+Sun
so swap rated is tripled compared to Monday for example.

Now, assume, under any undesirable circumstance, FXCM DD Skyscraper is bombed (some jokes from some criminals like ISIS) and FXCM stopped working for 10 consecutive days. it might be rolled over 10 times at nearest Wed!!

Has there been any discussion on here about range bar charts on marketscope.......I asked FXCM in an email and they sent me back a response to try the download at fxcodebase...I did and even if I have a 5 pip range bar on a 1 minute chart and it doesn't move 5 pips, it will place a bar anyway every minute, plus any indicators you have on there are completely out of whack with the price. I have range bar charts on a FXCM metatrader demo account and they work fine....so I was just wanting to know if anyone here has run into this issue....thank you.

This is a good question. Also, any way to assign hot keys in marketscope for immediate market entry order and close? Thanks! -Jason

Hi Mingary,

Since we are a publicly-traded company, information regarding our financials is more readily available than for many forex brokers which are privately-held companies. The publicly-available data we publish can be found at the Investor Relations link I provided you: http://bit.ly/ZOCB0Y

If you have questions regarding the information on that site, you can reach out to Investor Relations department directly using these details: http://bit.ly/1SEYg7W

All jokes aside, I hope my earlier posts have made it clear to you that FXCM provides traders with genuine No Dealing Desk (NDD) forex execution:

1. http://www.forexfactory.com/showthre...42#post8827742
2. http://www.forexfactory.com/showthre...91#post8827791

Also, in case you're curious, here's the actual info on the building where our headquarters are located in New York: https://en.wikipedia.org/wiki/55_Water_Street

Thanks for your question about range bars, Korndawg

I asked our tech support team about this. They would like to follow up with you and get more details about the problem, so they can provide you with a solution. Please send me a private message with your contact details and the best time to reach you.

Hi Jason,

You can go to System > Shortcuts. Then in the menu that pops up, go to Trading > Create a Market Order.



You can use the Shortcuts menu to assign hot keys of your choice for placing orders and other platform functions.

Thanks. Makes sense in a 'decentralised' marketplace. Now what's all this about a DD skyscraper? LOL

(Just becaouse you're paranoid doesn't mean they're not out to get you...)

hi Jason Is it possible to use a Limit Entry order and a Limit order on Fxcm MT4 platform as it is only shown for Trade Station on your price improvement videos on your YouTube channel?

An excellent question, Knockroe! :nerd:

We take great pride in the quality of our trade execution. A yearlong study of orders placed through FXCM shows our clients received positive slippage (AKA price improvement) as often as they received negative slippage: http://bit.ly/1KWaV8g

1. 76.2% of all orders had NO SLIPPAGE.
2. 13.5% of all orders received positive slippage.
3. 10.2% of all orders received negative slippage.
4. Over 58% of all limit and limit entry orders received positive slippage.
5. 52% of all stop and stop entry orders received negative slippage.

As you can see from the stats above, positive slippage occurs most frequently with limit and limit entry orders. This is due to the momentum of price movement when such order types are triggered. You'll be happy to know that these order types are available on all the trading platforms FXCM offers including MT4: http://bit.ly/1SyasIl

1. For the Limit Entry order to buy on Trading Station, the MT4 counterpart is the Buy Limit order.
2. For the Limit Entry order to sell on Trading STation, the MT4 counterpart is the Sell Limit order.
3. For the Limit order to close a position on Trading Station, the MT4 counterpart is the Take Profit order.

To create a Buy Limit order for EUR/USD at 1.13000, right-click on EUR/USD in the Market Watch window and select "New Order". In the example below, I have set at Take Profit order at 1.14000.

In addition, FXCM provides you with unique tools to help you minimize your negative slippage and still receive the full benefits of any positive slippage that's available in the market.

1. Market Range (AKA Maximum Deviation* on our MT4 platform) lets you specify how much negative slippage you are willing to accept on a Market order. If you set a Market Range of 2, then 2 pips is the most negative slippage you could get on the order. Otherwise it will be canceled to protect you from unwanted negative slippage. However, you could still receive 3 pips or even more positive slippage on the order, if a better price is available in the market.
2. Range Entry works like Market Range but for Entry orders (both Stop and Limit) and is only available on our Trading Station platform (not MT4). In this earlier post, I show an example of how to use the Range Entry feature: http://www.forexfactory.com/showthre...22#post8552322

* Many MT4 brokers do not support the Maximum Deviation feature at all. Some brokers that do offer Max Dev use it to limit both your positive slippage and your negative slippage equally. By contrast, FXCM enhanced the Max Dev functionality of our MT4 platform to limit only negative slippage. That means, you can still receive the full benefits of any positive slippage that's available in the market when you use the Max Dev feature to minimize your negative slippage with FXCM.

Thank Jason for the detailed response.

If I set the open buy limit price to to differ from market price by 0 pips then the order will not be filled at a higher price than the specified price?
Is this value in pips or points. e.g. If I set it to 1 will it not fill if the smallest possible adverse price movement of 0.1 pip or 1 pip (10 points) on 5 digit pairs occurs when it tries to fill my order?

I would like to know if and how MT4 and Trade station are linked on your systems. When I use MT4 are my orders sent directly to the interbank market from your MT4 servers or are they routed or bridged in some way via FXCM's Trade Station. If this is the case is there added latency in the execution times and a higher probability of errors occurring in fill prices and closing slip etc?

did anyone else have a huge roll over charge today ? it was on Usd/jpy, this has to be some kind of error on my account i had months worth of rollover charges for a position held 1 day.


just seen an article. the fiscal year ended today in japan the normal .1 rate is/was 2.45% and fxcm wednesday x3. great i love paying 75 times the normal rate on a position for a day.

Hi Jason, Please see the below from a log file. Fortunately, the trade did not go against me, but I want to avoid these situations. What might cause the below and how can I further avoid this from happening again (running on beeks vps provided by fxcm). Thanks.

0 18:15:03.965 'x': instant order buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000
0 18:15:07.459 'x': order was opened : #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000
0 18:15:07.459 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.537 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.537 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.600 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.600 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.647 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.647 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.725 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.725 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.771 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.771 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.818 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.818 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.865 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.865 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.912 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.912 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:07.959 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:07.959 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:08.005 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:08.005 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000
1 18:15:08.052 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.75995 tp: 0.00000 failed [Too many requests]
0 18:15:08.239 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.287 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.287 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.333 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.333 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.380 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.380 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.427 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.427 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.474 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.474 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.520 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.520 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.583 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.583 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.630 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.630 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.676 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.676 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.723 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 18:15:08.723 'x': modify order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745
1 18:15:08.770 'x': modification of order #10486556 buy 1.85 AUDUSD at 0.76345 sl: 0.00000 tp: 0.00000 -> sl: 0.00000 tp: 0.76745 failed [Too many requests]
0 19:47:28.812 'x': login on FXCM-USDReal09 through External (ping: 1.72 ms)