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FXCM Discussion

  • #1,581
  • Nov 14, 2010 6:25pm Nov 14, 2010 6:25pm
Quoting Karl_Vosp
It is not easy to trust a calendar that starts with Sunday instead of Monday.
Sunday is the first day of every week :S
  • #1,582
  • Nov 14, 2010 7:56pm Nov 14, 2010 7:56pm
Quoting Takisd
Sunday is the first day of every week :S
The international standard ISO 8601 for Representation of dates and times states that Monday is the first day of the week.
  • #1,583
  • Nov 14, 2010 7:58pm Nov 14, 2010 7:58pm
Quoting Adal
Jason,

Any plans from FXCM to support trading from Windows Phone 7 devices?

Note that it's different from the old Windows Mobile.

lol they cant even add usdx, dow, spy, oil, gold and silver to marketscope....you cant expect anything from them.
  • #1,584
  • Nov 14, 2010 11:32pm Nov 14, 2010 11:32pm
Quoting AhmedFX
Is FXCM getting ready to buy up Alpari? Are there discussions underway?

Might be good idea. Alpari has always been a back-of-the-pack broker with its requotes and money laundering problems.
I don't think you know what you are talking about. What money laundering???

Besides look at the attached picture. Taken 2minutes ago from http://mt4spreads.com/
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM vs Alpari.jpg Size: 107 KB
  • #1,585
  • Nov 15, 2010 1:33am Nov 15, 2010 1:33am
last I heard, Alpari was run by the Russian mafia...
  • #1,586
  • Nov 15, 2010 2:10am Nov 15, 2010 2:10am
Quoting Takisd
last I heard, Alpari was run by the Russian mafia...
Last I heard, you were a member of Al-Qaeda...
  • #1,587
  • Nov 15, 2010 2:31am Nov 15, 2010 2:31am
Yes, I am fresh out of Gitmo.... Had to shave the beard too.
  • #1,588
  • Nov 15, 2010 4:50am Nov 15, 2010 4:50am
Quoting mfoste1
lol they cant even add usdx, dow, spy, oil, gold and silver to marketscope....you cant expect anything from them.
The mobile software is not written by them, but by a third party - http://www.marketsimplified.com

And I do have oil, gold, dow and spx in my FXCM trading platform. From your list only usdx is missing. spx is a good replacement for spy. Your probably on FXCM US, not FXCM UK like me.
  • #1,589
  • Nov 15, 2010 9:08am Nov 15, 2010 9:08am
Quoting Hyper
I have some questions about FXCM's Strategy Trader platform.

Can it do portfolio backtesting, i.e. one strategy over multiple symbols in one backtest?
Can it import custom historical tick data?
How far back does the default historical tick data go?
Does it make use of multiple CPU cores during backtests and optimzation?
Hi Hyper,

The built-in reports won't combine backtests from multiple currency pairs for portfolio backtesting, but a portfolio backtest EA has been added to the Strategy Trader forum. It can combine multiple backtest for a combined portfolio equity curve.

Strategy Trader can pull a maximum of 500,000 bars from the server. Additional historical 1 minute bar data is available through the Strategy Trader forum as far back as 2001 for most pairs (historical data). to get the data into Strategy Trader, you'll need to download it to your computer, and then load it into Strategy Trader using the Quote Manager. We have a video on blip.tv detailing 1) how to import 500,000 bars from the server, and 2) how to import additional historical data from the download files (http://blip.tv/file/4004781/).

Strategy Trader makes use of multiple cores during backtesting and optimization. It's a big benefit because it speeds up the backtesting abilities.

-Jason
  • #1,590
  • Nov 15, 2010 9:23am Nov 15, 2010 9:23am
Quoting Adal
Jason,

Any plans from FXCM to support trading from Windows Phone 7 devices?

Note that it's different from the old Windows Mobile.
Hi Adal,

Haven't heard of any plans as of yet. With the release of any new product, it really depends on the popularity of the device. But thanks for putting this on our radar, and the suggestion is duly noted.

-Jason
  • #1,591
  • Nov 16, 2010 3:58am Nov 16, 2010 3:58am
Hi Jason,

Just wondering what the profit or loss per point will be with the minimum position size for the new gold and silver CFDs about to be offered to micro accounts?

Cheers
  • #1,592
  • Nov 16, 2010 10:03am Nov 16, 2010 10:03am
Quoting Azp
Hi Jason,

Just wondering what the profit or loss per point will be with the minimum position size for the new gold and silver CFDs about to be offered to micro accounts?

Cheers
Hi Azp,

The minimum pip value on the micro account for gold (XAU/USD) is $0.01 and for silver (XAG/USD) $0.50.

Gold and silver were added to the FXCM UK micro demos last weekend if you want to test it out, and it's scheduled to be added to FXCM UK live micro accounts this weekend.

-Jason
  • #1,593
  • Nov 16, 2010 3:50pm Nov 16, 2010 3:50pm
Thanks Jason, very helpful! I'll go check it out on demo.
  • #1,594
  • Nov 16, 2010 5:14pm Nov 16, 2010 5:14pm
Quoting Adal
The mobile software is not written by them, but by a third party - http://www.marketsimplified.com

And I do have oil, gold, dow and spx in my FXCM trading platform. From your list only usdx is missing. spx is a good replacement for spy. Your probably on FXCM US, not FXCM UK like me.


my point exactly Adal....FXCM is based in NY, so why can't they make these instruments available to US clients for charting right on marketscope so I can utilize marketscope's diverse array of tools? it certainly makes one wonder why they are not on marketscope already....
  • #1,595
  • Nov 17, 2010 8:45am Nov 17, 2010 8:45am
Quoting mfoste1
my point exactly Adal....FXCM is based in NY, so why can't they make these instruments available to US clients for charting right on marketscope so I can utilize marketscope's diverse array of tools? it certainly makes one wonder why they are not on marketscope already....
The reason it's not on Marketscope already is because Marketscope can only display charts for symbols in the dealing rates window. Notice if you remove a currency pair from the dealing rates window it no longer appears in the symbol list in Marketscope. And the dealing rates window can only display tradeable products. Because US residents cannot trade the CFD products, they cannot be placed in the dealing rates window and therefore don't have the option to display in Marketscope unfortunately.

The same is true of MT4.

Maybe this will change in the future as I agree it would be useful. The alternative is to have an FXCM UK demo account, access the web based Powercharts or NetDania charts, or use Strategy Trader which can be used to import 3rd party data feeds.

-Jason
  • #1,596
  • Nov 17, 2010 9:15am Nov 17, 2010 9:15am
Quoting Adal
From your list only usdx is missing.
FXCodeBase has a custom indicator for Marketscope that mimics the USD Index. It is attached to this post in ZIP file. Full technical details can be found on the FXCodeBase website here http://www.fxcodebase.com/code/viewt...t=dollar+index

A very important note from FXCodeBase:

"Please, note, that you must be subscribed for all instruments required to calculation: EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/SEK and USD/CHF. If at least one of the instruments is not subscribed, the indicator fails!"


So USD/SEK has to be added to the dealing rates window for this indicator to work since it is pulling data from the dealing rates window currency pairs. The indicator does a pretty good job of tracking the index. See below the screenshot I took comparing the indicator on my Marketscope hourly chart to the USD Index chart from NetDania's website.

http://img703.imageshack.us/img703/7...arketscope.png


Couple more things to note about this indicator. It's an indicator, so you have to add to an existing chart. Notice in my screenshot I added it to the GBP/USD 60 minute chart. The indicator will be really small when you first add it, so I would recommend expanding the indicator window like I did in my screenshot. The indicator will reflect the time period which the chart is set to (i.e. viewing a 60 minute gbp/usd chart will display 60 minute USDX candles). If you need help adding custom indicators to Marketscope, you can find a guide here http://www.forexfactory.com/showthre...37#post4176837 .

-Jason
Attached File(s)
File Type: zip USDX.zip   2 KB | 431 downloads
  • #1,597
  • Nov 17, 2010 5:55pm Nov 17, 2010 5:55pm
Has FXCM any plans to reduce the spread for EUR/USD , average of 2.6 is too much . 2 would be acceptable.
  • #1,598
  • Nov 18, 2010 9:19am Nov 18, 2010 9:19am
Quoting Eren10
Has FXCM any plans to reduce the spread for EUR/USD , average of 2.6 is too much . 2 would be acceptable.
Hi Eren,

Thanks for the post. The spreads will vary throughout the day depending on the best bid/ask price being streamed to us from the banks. It's not uncommon to see spreads widen somewhat as we approach the holidays or if market volatility picks up. However, I will relay your feedback to our management team and will let you know if there are any changes.

-Jason
  • #1,599
  • Nov 18, 2010 11:11am Nov 18, 2010 11:11am
Hi all,

I've gone through the thread and saw some request for calculating the pips gain/loss from each trade in the FXCM Excel trade report (produced through the TS II interface), so I thought I might help. I do this check regularly and this is my solution.

I have attached such an FXCM Excel trade report with only one of my trades, where I add two columns at the end. The first one calculates the pip fraction (0.01 for JPY pairs and 0.0001 for other pairs), and the second calculates the pips won or lost for this trade.

Since the Excel that FXTS II produces has TWO lines for each trade, I am putting a zero (0) in both columns in the first line of the trade. The results I want are in the second line of the trade.

You can copy and paste the formula in your own Excel report. Copy and paste cells N13:O15 from the attached file to your Excel FXCM report (make sure you copy formulas as well, this happens by default). Then select cells N14:O15 (2columns+2rows, without the header row). Finally drag the fill cross (bottom right of the selection) down to the final trade row in your report. This will provide a pip calculation for every trade that you took, regardless of currency and regardless of short or long trade.

Cell references above might vary, this was written from the Excel I downloaded.

Hope this helps, until FXCM decides to include the pip won/lost report for each trade. It is a very useful calculation to judge our overall performance, taking out the factor of lot size for each trade.

Christos
Attached File(s)
File Type: xls fxcm_report_pip_calculation.xls   31 KB | 414 downloads
  • #1,600
  • Nov 18, 2010 5:18pm Nov 18, 2010 5:18pm
I'm testing out some custom EAs using FXCM MT4 demo. How come the order entry TP and SL entry boxes are disabled? If my EA cannot enter TP and SL at the same time order is placed, this is worthless.

Also by not accepting SL at the order entry you are forcing trader to take unprotected position. If the order is executed during high volume, it potentially could be disastrous. Any comments?
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