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  • #8,841
  • Edited 3:39pm Mar 31, 2016 12:33pm | Edited 3:39pm
Quoting spartanforex
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 Spartanforex,

I'm not sure if this DailyFX article is the one you read. In it, currency strategist Ilya Spivak explains what's happening with JPY rollover interest rates:

"In an environment so skewed that overnight rates jump from -0.1 to -2.45 percent in a single day, money-market spreads will widen and obtaining credit to roll over (i.e. refinance) a Yen position is going to prove costly. This means most JPY-exposed traders are in for some near-term pain."
Attached Image (click to enlarge)
Click to Enlarge Name: Yen-Trades-a-Painful-Proposition-as-Japan-Fiscal-Year-End-Looms_body_Picture_5.png Size: 40 KB
  • #8,842
  • Mar 31, 2016 5:34pm Mar 31, 2016 5:34pm
Quoting nonlinear
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...
Hi NL,

You're getting the "failed [Too many requests]" error because your EA attempts to modify the order multiple times per second. The order was opened at 18:15:07.459 and your EA tries to modify it at 18:15:07.537, then at 18:15:07.600 and again at 18:15:07.647, etc. These modification attempts are less than a tenth of a second apart. That's too fast for MT4 even with a VPS. What's the reason your EA modifies orders so soon after they are created?

If your strategy requires the ability to modify orders faster than MT4 can handle, you should consider trading through an FXCM API: http://bit.ly/1UG5kqK
  • #8,843
  • Mar 31, 2016 6:23pm Mar 31, 2016 6:23pm
Hi Jason,

I attached an EA to FXCM MT4, but the Allow auto trading always get unchecked. Even if I manually check it, then after navigate to other profiles, then come back, it got unchecked again.

Do you have any solution for this issue?

Attached Image


thanks,

LR
  • #8,844
  • Edited 7:09pm Mar 31, 2016 6:40pm | Edited 7:09pm
Quoting knockroe
Thank Jason for the detailed response.
It's my pleasure, Knockroe

Quoting knockroe
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?
Unlike with some other MT4 brokers, a Limit order on FXCM's MT4 platform can never be filled at a worse price than you specify. With some other brokers, a Limit order on their MT4 platform could be treated as a Market order when it's triggered and therefore be at risk for negative slippage. At FXCM, Limit orders can never be filled with negative slippage, only positive slippage if it's available.

 

  1. In fact, statistics show that more than half of Limit orders executed through FXCM over a 12-month period benefited from positive slippage. http://bit.ly/1KWaV8g


That said, if your goal is to buy at the market price, then what you want is a Market order, not a Limit order. (Limit orders are for buying below the current market price, or selling above the current market price.) You can limit your negative slippage on a Market order on FXCM's MT4 platform by using the Maximum Deviation feature.

Note, that unlike with some other MT4 brokers, the Max Dev feature on FXCM's MT4 platform only limits your negative slippage, not your positive slippage. If the best price available in the market is worse than your specified Max Dev range for your Market order, then the order will be cancelled, and you will receive an "Off quotes" message to confirm this.

 

  1. This post explains how you can use the Maximum Deviation feature on FXCM's MT4 platform to protect you from negative slippage beyond your specified tolerance while still receiving the full benefits of any positive slippage that's available: http://www.forexfactory.com/showthre...44#post7872944


Quoting knockroe
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 you have an MT4 account with FXCM, then your MT4 login details will also give you Single Sign On access to our Trading Station platforms (Desktop, Mobile and Web) and our Mirror Trader platform (for automated trading).

There is no bridge. That means, if you have a Standard FXCM account, then your MT4 platform links directly to our No Dealing Desk (NDD) forex execution where each of your orders is immediately offset one-for-one with the best prices from competing liquidity providers which include several of the largest banks in the world. We also offer a DD model for Mini accounts (minimum starting balance $50).

Attached Image (click to enlarge)
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That said, it's important to understand that retail traders do not trade in the interbank market. By definition, the interbank market is where banks trade with each other, not retail traders. Investopedia defines it as follows:

"The interbank market is the financial system and trading of currencies among banks and financial institutions, excluding retail investors and smaller trading parties." http://www.investopedia.com/terms/i/interbankmarket.asp

Quoting knockroe
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?
While our MT4 platform connects directly to our NDD execution (DD on Mini accounts) without a bridge, if minimizing latency and maximizing execution speed are priorities for you, then you should consider trading through an FXCM API: http://bit.ly/1ng3dM9
  • #8,845
  • Mar 31, 2016 7:00pm Mar 31, 2016 7:00pm
Quoting littleart
Hi Jason, I attached an EA to FXCM MT4, but the Allow auto trading always get unchecked. Even if I manually check it, then after navigate to other profiles, then come back, it got unchecked again. Do you have any solution for this issue? {image} thanks, LR
Yes, make sure the AutoTrading button along the top of your MT4 platform is set to Green, not Red.
  • #8,846
  • Mar 31, 2016 7:53pm Mar 31, 2016 7:53pm
Thanks Jason for your swift reply!

LR
  • #8,847
  • Apr 1, 2016 6:09am Apr 1, 2016 6:09am
I just opened mini MT4 account, surprised to see there isn't any option for selecting servers. When I click on status it only shows option to Login. Is there only one server I can connect to? Even the smallest brokers offer backup server option.
Attached Image
  • #8,848
  • Apr 1, 2016 6:52am Apr 1, 2016 6:52am
Quoting Jason Rogers
{quote} Hi NL, You're getting the "failed [Too many requests]" error because your EA attempts to modify the order multiple times per second. The order was opened at 18:15:07.459 and your EA tries to modify it at 18:15:07.537, then at 18:15:07.600 and again at 18:15:07.647, etc. These modification attempts are less than a tenth of a second apart. That's too fast for MT4 even with a VPS. What's the reason your EA modifies orders so soon after they are created? If your strategy requires the ability to modify orders faster than MT4 can handle, you should...
That is what I suspected, but usually the server accepts these this quickly so I had not seen it previously. Thanks, I will modify the EA to spread out the attempts over half or full second intervals, which should be sufficient for my targets.
  • #8,849
  • Apr 1, 2016 7:16am Apr 1, 2016 7:16am
Quoting Jason Rogers
Aug 28, 2015 The latest I've heard from our programmers is that testing of their MT4 chart solution to display our raw FX spreads is proceeding well and on pace for a late September/October release. I will keep you posted as I receive more info.
Quoting Jason Rogers
{quote} .Oct 2, 2015 ..I know it's been awhile coming, but our solution for your MT4 charts is imminent. Then you will be able to see charts that reflect the raw FX spreads.....
Quoting Jason Rogers
{quote} November 2015 Hi CatMan,.... I ask because the charts on that demo server have already been updated to reflect our raw FX spreads. This is the first step before rolling this (REAL SPREAD LINES) MT4 chart solution out to other servers.
Attached Image


I am sooooo Happy, Happy , Happy .... That FXCM has made the first step of showing REAL SPREAD ON THE CHART MT4 !!!!
Only ... it is 1 APRIL of a year later !
Please Jason friends update us with some new 1 April blabla about showing the real spread on the MT4 chart !
  • #8,850
  • Apr 1, 2016 10:19am Apr 1, 2016 10:19am
Quoting littleart
Thanks Jason for your swift reply! LR
It's my pleasure, LR
  • #8,851
  • Apr 1, 2016 11:32am Apr 1, 2016 11:32am
Quoting Nabz
I just opened mini MT4 account
Hi Nabz,

Welcome to FXCM!

Quoting Nabz
surprised to see there isn't any option for selecting servers. When I click on status it only shows option to Login. Is there only one server I can connect to? Even the smallest brokers offer backup server option. {image}
At present time, FXCM has 20 MT4 servers, not to mention all our Trading Station servers. Even for the smallest brokers with only two servers, it's unlikely their second server functions as a backup for the first. You will find that some accounts are assigned to one server, and different accounts are assigned to the other.

While your login details work on one specific server, FXCM gives you Single Sign On access to our MT4 platform, our Trading Station platforms (Desktop, Mobile and Web) and our Mirror Trader platform (for automated trading). You can use any combination of these platforms to execute trades on your account with us.
  • #8,852
  • Apr 1, 2016 12:58pm Apr 1, 2016 12:58pm
Our MT4 chart solution has already been implemented. That means whether you have a Mini or Standard account, you can now trade your USD-denominated trading account with MT4 charts that reflect the spreads available to you. If you complete the form below, your MT4 account can be set up with the appropriate charts:

 

  1. MT4 Chart Update for FXCM UK Clients
  2. MT4 Chart Update for FXCM US Clients


Quoting CatMan
I am sooooo Happy, Happy , Happy

Have a great weekend, CatMan!

Attached Image
  • #8,853
  • Apr 1, 2016 1:00pm Apr 1, 2016 1:00pm
Quoting Jason Rogers
{quote} Hi Nabz, Welcome to FXCM! {quote} At present time, FXCM has 20 MT4 servers, not to mention all our Trading Station servers. Even for the smallest brokers with only two servers, it's unlikely their second server functions as a backup for the first. You will find that some accounts are assigned to one server, and different accounts are assigned to the other. While your login details work on one specific server, FXCM gives you Single Sign On access to our MT4 platform, our Trading Station platforms (Desktop, Mobile and Web) and our Mirror...
Thanks . I was actually talking about selection of servers I can connect to after I've logged in to MT4 main server. Like on my account at Fxpro, I have a lot of server options to choose from as shown in attachment. When I face problem connecting to one I choose a different one with low ping and most of the times the problem goes away.
Attached Image
  • #8,854
  • Apr 1, 2016 1:35pm Apr 1, 2016 1:35pm
Quoting Nabz
When I face problem connecting to one I choose a different one with low ping and most of the times the problem goes away. {image}
Interesting. How often do you face problems connecting to their servers?
  • #8,855
  • Apr 1, 2016 2:49pm Apr 1, 2016 2:49pm
Quoting Jason Rogers
{quote} Interesting. How often do you face problems connecting to their servers?
Rarely. Mostly it automatically changes server when there is problem connecting.
  • #8,856
  • Apr 2, 2016 1:31am Apr 2, 2016 1:31am
Speaking of servers and such like, any idea why most of these are not available?

I only just opened this demo account on the 28th March to test out MT Predictor trading platform.

I realize some broker demo will expire at the end of the month but it was okay until close of trade on Friday 1st April.

And their website advise that demo will expire after 30 days.

I would try to open another demo but not much point if it won't connect.

Thanks, John
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #8,857
  • Apr 2, 2016 3:37am Apr 2, 2016 3:37am
THANK YOU

Demo registration is currently down for scheduled maintenance.

Your demo login credentials will be emailed to you upon completion of scheduled weekend maintenance.
It takes a lot for me to IGNORE you, but you can try.
  • #8,858
  • Apr 2, 2016 7:27am Apr 2, 2016 7:27am
When FXCM will allow funding by Skrill or Neteller? I would immediately open an account if available these payment systems
  • #8,859
  • Apr 4, 2016 7:41am Apr 4, 2016 7:41am
Hi Jason, I am trying to find fxcm's live peak spreads on majors during past news events. Is this accessible through one of the fxcm platforms or the website (e.g., something similar to oanda, see https://www.oanda.com/forex-trading/markets/recent)? Thanks.
  • #8,860
  • Apr 4, 2016 1:07pm Apr 4, 2016 1:07pm
Quoting Nabz
{quote} Rarely. Mostly it automatically changes server when there is problem connecting.
You'd have to confirm this with your other broker, but it seems like there is actually only one server your account can access, and the different locations refer to places where that server is mirrored. However, your forum profile mentions you live in Pakistan which is not close to any of the mirrors.

If your goal is the reduce the latency between your MT4 terminal and server, one solution is to run your terminal on a virtual private server (VPS) that is co-located with your trading server. There are many third party options you can find on the internet, and a couple are mentioned on our website: http://bit.ly/1NXBycE

Using a VPS has the added advantage of allowing you to keep your platform running 24 hours a day, even if your own computer is turned off or disconnected from the internet, which is great for EAs.
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