XM | Page 64 | Crypto Craft

Options

Go to
Permalinks
Print Thread
Attachments: XM
Exit Attachments

XM

  • #1,263
  • Oct 30, 2017 11:35am Oct 30, 2017 11:35am
Quoting XM
Dear Botan626, Your language is the least to say un-acceptable. If you cannot understand what I wrote I will let the public decide who is right and who is wrong. I would be more than happy to assist you further but your language is really un-acceptable. Let the rest of the traders here try to explain it to you and hopefully you will understand you are wrong. And for the record on May 13th 2017 you had come back to this exact same forum on this thread -> https://www.forexfactory.com/showthr...50#post9655950 and we had explained...
Dear All Members of this thread,

For all those who follow this thread you will know until now that I have done my very best to help, solve problems, and answer queries of all clients.

A member of this forum under the nickname Botan626 has been very rude today by using abusive language. He has been reported to the Forex Factory admin to deal with.

Now in order to maintain transparency and fairness:

In a nutshelll the abusive member "Botan626" could not understand why XM and all major brokerages open trading 1 hour earlier at the end of DST time in Europe on the evening of the 29th of October and close it 1 hour earlier on the evening of the 3rd of November.

We have tried to explain in a forum above why this happens but instead of appreciating our effort to help he has become abusive and used in-appropriate language.

If anyone has any questions why changes on the trading schedule happen at the end and start of DST at XM as well as all major regulated brokers please feel free to ask questions.

Thank you,
  • #1,264
  • Oct 30, 2017 11:42am Oct 30, 2017 11:42am
Butan was almost turning the thread into a battle ground
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 13.1%
  • #1,267
  • Oct 31, 2017 3:29am Oct 31, 2017 3:29am
Please allow me to try and diffuse the situation regarding the server issue. What Botan626 is saying is in fact true that the aforementioned brokers (Pepperstone, IC Markets etc.) did in fact move their MT4 servers one hour in order to avoid the extra day candle. By doing so, they did NOT delay (hide) trading for 1 hour.
Now, since I live in Greece (time zone is same as XM server), I personally I prefer that XM doesn’t shift their MT4 server for a week, as I care more about my orders reflecting the precise local time that matches the MT4 server.
  • #1,268
  • Oct 31, 2017 3:48am Oct 31, 2017 3:48am
Quoting symona
Please allow me to try and diffuse the situation regarding the server issue. What Botan626 is saying is in fact true that the aforementioned brokers (Pepperstone, IC Markets etc.) did in fact move their MT4 servers one hour in order to avoid the extra day candle. By doing so, they did NOT delay (hide) trading for 1 hour. Now, since I live in Greece (time zone is same as XM server), I personally I prefer that XM doesn’t shift their MT4 server for a week, as I care more about my orders reflecting the precise local time that matches the MT4 server....
Dear Symona,

What is important to understand is that lets say this coming Friday the 3rd of November XM and all major brokerages for example (IG, FXpro, Forex.com UK) will close trading at 23:00 instead of midnight for the reason that there will be no pricing in the market after 23:00, due to the difference in DST which the US has not adapted to yet.

So it would be impossible for any brokerage to leave trading open after 23:00 since there would be no prices to trade on.

For exactly the same reason trading was opened 1 hour earlier this past Sunday the 29th of October. Prices started 1 hour earlier across the market so not opening trading 1 hour earlier would mean hiding 1 hour of trading from clients.

Thank you,
  • #1,269
  • Oct 31, 2017 4:12am Oct 31, 2017 4:12am
Dear XM, the brokers you mentioned have not shifted their servers just like XM. The brokers Botan626 mentioned have moved their servers one hour forward.
Regardless, the issue is the extra day candle not the coverage. All brokers are active at the same time, some move their servers for a week, some do not. Simple...
  • #1,270
  • Oct 31, 2017 4:22am Oct 31, 2017 4:22am
What I see is that any broker that closes one hour later than the other brokers also opens hour later than the others. It's a question of adjustment. IFC opens and closes one or two hours later than some other brokers. It's not a question of hiding price and candle
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 13.1%
  • #1,271
  • Oct 31, 2017 4:25am Oct 31, 2017 4:25am
Exactly. For example, this week’s open XM’s server indicated 11pm whereas Pepperstone indicated 12am.
Both brokers were active at the same exact time.
  • #1,272
  • Oct 31, 2017 4:32am Oct 31, 2017 4:32am
Email from Pepperstone:

On Sunday the 29th of October, Europe will exit daylight savings, followed by the US on Sunday the 5th of November. This means trading hours will change for both weekends. European based markets will open one hour later relative to other markets but will resume its previous trading hours when the US exits daylight savings.

Trading hours for most symbols will remain unaffected by the US daylight savings change. However, MT4 server time will be adjusted from GMT+3 to GMT+2.

While the MT4 server time will remain the same for currency and commodity markets, the hours may change relative to other time zones, as not all regions will move back by one hour.
  • #1,273
  • Oct 31, 2017 4:35am Oct 31, 2017 4:35am
Quoting symona
Exactly. For example, this week’s open XM’s server indicated 11pm whereas Pepperstone indicated 12am. Both brokers were active at the same exact time.
Yea. It has nothing to do with cheating. For example I see trade setup and wish to enter on Tickmill, Fxopen, I could do it in them one/hours earlier than IFC. It means i have to wait late in the night before I can place the order on IFC. Not cheating
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 13.1%
  • #1,274
  • Oct 31, 2017 4:51am Oct 31, 2017 4:51am
Quoting 9jatrader
{quote} Yea. It has nothing to do with cheating. For example I see trade setup and wish to enter on Tickmill, Fxopen, I could do it in them one/hours earlier than IFC. It means i have to wait late in the night before I can place the order on IFC. Not cheating
Dear 9jatrader and Symona,

Thank you for helping out here and thanks for your all input.

The only comment I would like to make is that adjusting a company server time in order to save the hassle of adjusting to the changes in DST is not something viable since the history of:

a) Systems Interconnection
b) Deposits and Withdrawals History
c) Open Trades
d) Closed Trades

Would all be affected and would show entries with same times but different time zones.

The only comment I have based upon 9jatrader comment: When I said "cheating" what I meant is that if we kept trading closed for 1 hour last Sunday the 29th of October in order to avoid getting the extra day of candles it would be like hiding 1 hour of trading from clients hence I used the word cheating.

Thank you again for your help in explaining this to all members.
  • #1,275
  • Oct 31, 2017 5:04am Oct 31, 2017 5:04am
Quoting XM
{quote} Dear 9jatrader and Symona, Thank you for helping out here and thanks for your all input. The only comment I would like to make is that adjusting a company server time in order to save the hassle of adjusting to the changes in DST is not something viable since the history of: a) Systems Interconnection b) Deposits and Withdrawals History c) Open Trades d) Closed Trades Would all be affected and would show entries with same times but different time zones. The only comment I have based upon 9jatrader comment: When I said "cheating" what I meant...
Thank you too. Hope it's over now and we move on
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 13.1%
  • #1,276
  • Edited 4:35pm Nov 7, 2017 4:16pm | Edited 4:35pm
what is your kind opinion about this one?
no spike in the dukascopy chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 34.png Size: 33 KB
Click to Enlarge Name: titled.png Size: 77 KB
Click to Enlarge Name: zzz.png Size: 20 KB
don't predict direction, but dance with flow of water
  • #1,277
  • Nov 8, 2017 9:35am Nov 8, 2017 9:35am
Quoting priceaction1
what is your kind opinion about this one? no spike in the dukascopy chart. {image} {image} {image}
Dear priceaction1,

I have escalated this to the MT4 technicians and I will revert with my findings as soon as possible.

Thanks,
  • #1,278
  • Nov 8, 2017 9:40am Nov 8, 2017 9:40am
Quoting priceaction1
what is your kind opinion about this one? no spike in the dukascopy chart. {image} {image} {image}
just run brother. it is only solution
  • #1,279
  • Nov 10, 2017 12:47am Nov 10, 2017 12:47am
Dear XM,

May i know how to calculate rollover charges for US30cash?

On 9/11/2017... my account was deducted USD223.10

On 10/11/2017... my account was deducted USD96.40

I opened 10.0 lots of US30cash... and my account is swap free.
  • #1,280
  • Nov 10, 2017 1:57am Nov 10, 2017 1:57am
Quoting XM
{quote} Dear priceaction1, I have escalated this to the MT4 technicians and I will revert with my findings as soon as possible. Thanks,
hope you will reply soon.
don't predict direction, but dance with flow of water
1 trader viewing now