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  • #9,301
  • Jul 27, 2016 6:26pm Jul 27, 2016 6:26pm
Quoting nonlinear
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
Quoting Jason Rogers
{quote} Hi NL, You can pull up a tick chart on Trading Station to see our historical spreads. Below you can see EUR/USD spreads widened to 10.2 pips during last Friday's Non Farm Payroll announcement. {image}
Hi NL, as a follow up to our earlier discusion, I thought you'd like to know we recently added a new page to our website with information on FXCM's historical spreads.
  • #9,302
  • Jul 28, 2016 2:49am Jul 28, 2016 2:49am
Quoting Jason Rogers
{quote} Hi Chris, Note that on Trading Station, the daily chart candles begin and end at 5pm New York Time (which currently corresponds to 21:00 UTC). Therefore, the daily high and low for the 25th of July would factor in prices from 5pm on the 24th to 5pm on the 25th New York Time.

Thanks for the reply!
I understand the calculation for the opening prices. And what you explained ist the calculation for the forex market, right?
I am talking about the GER30 CFD. And here I found a discrepancy on the 22nd and 25th of July (the 24th is actually a Sunday). Normally the opening price in the GER30 on the FXCM Trading Station on daily charts is always equal to the 5-minutes-charts, so basically 7:00 a.m. server time (which is UTC +1).
Daily opening = opening of 7:00 a.m. server time (where the prices list for the first time that day)

However, this is not true for the 22nd and 25th of July.
Daily opening of 25th = 10118.85
opening of 7:00 a.m. server time on a 5-minutes-chart = 10157.55

Interestingly this divergence does not occur on a 1-hour-chart compared to daily chart.
May the Pip be with you.
  • #9,303
  • Edited Jul 29, 2016 12:00pm Jul 28, 2016 5:54pm | Edited Jul 29, 2016 12:00pm
Quoting Chris1008
{quote} Thanks for the reply! I understand the calculation for the opening prices. And what you explained ist the calculation for the forex market, right? I am talking about the GER30 CFD.
The 5pm New York Time (21:00 UTC) cutoff does apply to forex because this market trades 24-hours a day. However, it also works for GER30, since trading in this market closes at 19:00 UTC and resumes the next day at 06:00 UTC. It's simply that no hourly candles are displayed between those times.

Quoting Chris1008
And here I found a discrepancy on the 22nd and 25th of July (the 24th is actually a Sunday). Normally the opening price in the GER30 on the FXCM Trading Station on daily charts is always equal to the 5-minutes-charts, so basically 7:00 a.m. server time (which is UTC +1). Daily opening = opening of 7:00 a.m. server time (where the prices list for the first time that day) However, this is not true for the 22nd and 25th of July. Daily opening of 25th = 10118.85 opening of 7:00 a.m. server time on a 5-minutes-chart = 10157.55 Interestingly this divergence...
You are correct about there being a discrepancy. From what I see, it seems like there was a price gap over the weekend, and trading opened for the new week at 10118.85 on the 25th. This is reflected on both the daily chart and hourly chart as you noted. However, the 5-minute chart shows Monday's opening price to be the same as Friday's closing price at 10157.55. Therefore, charts on this time frame are not reflecting the price gap.

I've asked our tech support team to investigate this further for you and will let you know what they tell me.
  • #9,304
  • Jul 28, 2016 10:42pm Jul 28, 2016 10:42pm
Hello Jason. Is it possible for us as EA developers in US accounts to programmatically manage orders with different profit targets on the same symbol? Presumably this is what the https://www.fxcmapps.com/apps/multip...-take-profits/ app is doing but I would rather manage it in my own EA. Is this possible? And if so, what changes are needed to do so? I currently only have a demo account on FXCM but need to be able to do this programmatically to test before opening a live account.

[edit] Modified to reflect this request is for US accounts specifically, and further clarifications.
  • #9,305
  • Jul 29, 2016 2:36pm Jul 29, 2016 2:36pm
Quoting subs
Hello Jason. Is it possible for us as EA developers in US accounts to programmatically manage orders with different profit targets on the same symbol? Presumably this is what the https://www.fxcmapps.com/apps/multip...-take-profits/ app is doing but I would rather manage it in my own EA. Is this possible? And if so, what changes are needed to do so? I currently only have a demo account on FXCM but need to be able to do this programmatically to test before opening a live account. [edit] Modified to reflect this request is for US accounts...
Hi Subs,

First, thanks for clarifying that you have a US account, since the regulations differ.

There is nothing to stop you from programming your own EA to set multiple profit targets for the same symbol on your FXCM US account. The key is you must send your closing orders in a way that complies with FIFO (first-in, first-out) regulations set by the CFTC. That means, when your profit target is reached, if there are multiple trades open in the same symbol, you must close the one with the oldest order number first. Otherwise, your closing order will get rejected for violating US regulations.
  • #9,306
  • Jul 29, 2016 7:42pm Jul 29, 2016 7:42pm
Thanks much Jason.

Quoting Jason Rogers
{quote}That means, when your profit target is reached, if there are multiple trades open in the same symbol, you must close the one with the oldest order number first. Otherwise, your closing order will get rejected for violating US regulations.
The plan then is to open orders in the order of intended close so I can simply iterate over orders and close the first match with the lowest ticket. Thank you for the quick reply!
  • #9,307
  • Aug 1, 2016 5:45pm Aug 1, 2016 5:45pm
Quoting subs
Thanks much Jason. {quote} The plan then is to open orders in the order of intended close so I can simply iterate over orders and close the first match with the lowest ticket. Thank you for the quick reply!
It's my pleasure, Subs

Quoting subs
The plan then is to open orders in the order of intended close so I can simply iterate over orders and close the first match with the lowest ticket. Thank you for the quick reply!
Your plan seems sound. If you need any help coding your strategy, let me know, and I can put you in touch with our Programming Services.
  • #9,308
  • Aug 3, 2016 7:42am Aug 3, 2016 7:42am
Quoting Jason Rogers
{quote} {quote} Hi NL, as a follow up to our earlier discusion, I thought you'd like to know we recently added a new page to our website with information on FXCM's historical spreads.
Thanks, it would be very helpful to see the maximum spreads, as the average can be deceiving. Something like this: https://www.oanda.com/forex-trading/markets/recent
  • #9,309
  • Aug 3, 2016 12:17pm Aug 3, 2016 12:17pm
Quoting nonlinear
{quote} Thanks, it would be very helpful to see the maximum spreads, as the average can be deceiving.
It's my pleasure, NL, and thank you for the suggestion. I will pass it onto our web developers. For now, you can see the maximum spreads reached during a specific period by using a tick chart as shown in my earlier post: http://www.forexfactory.com/showthre...19#post8852719
  • #9,310
  • Aug 3, 2016 2:45pm Aug 3, 2016 2:45pm
I will be out of the office until Tuesday, August 9th and will respond to your posts and private messages when I return.

For immediate assistance, you can contact our 24-hour live customer support.
  • #9,311
  • Edited Aug 4, 2016 2:00am Aug 3, 2016 2:46pm | Edited Aug 4, 2016 2:00am
Quoting Jason Rogers
It's my pleasure, Phylo! Thanks again for telling us you wanted to see more recent execution stats on our website. It's feedback from clients like you that helps FXCM keep improving.
Happy to be of service.

Here is an improvement FXCM may consider regarding Trading Station.

Trading Station single Stop Loss and Limit covers all Instruments(FX, Indices, Commodities).
Attached Image


Individual Stop loss and Limit covering each Instrument. *

* Instruments selectable from and removable to Instrument Catalog.
Attached Image
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #9,312
  • Aug 5, 2016 4:20am Aug 5, 2016 4:20am
Jason,

Is it possible to display the price and spread in MT4 platform exactly the same as FXCM Trading Station? I notice there are still discrepancies in the prices between the 2 platform. This affect my SL and TP placement.
Take my view with a pinch of salt!
  • #9,313
  • Aug 7, 2016 11:46am Aug 7, 2016 11:46am
Hello Jason,
I can't login FXCM HDD Basic to download data by my real account (trading station account). It shows: " Please check user credentials", but both my user and password are correct.
I can only login HDD Basic via demo account.
  • #9,314
  • Aug 9, 2016 1:51pm Aug 9, 2016 1:51pm
Quoting Phylo
{quote} Happy to be of service. Here is an improvement FXCM may consider regarding Trading Station. Trading Station single Stop Loss and Limit covers all Instruments(FX, Indices, Commodities).{image} Individual Stop loss and Limit covering each Instrument. * * Instruments selectable from and removable to Instrument Catalog. {image}
Thanks for your suggestion, Phylo!

I've shared it with our developers and will let you know if we add this feature in a future update to Trading Station.
  • #9,315
  • Aug 9, 2016 2:17pm Aug 9, 2016 2:17pm
Quoting hiepbg
Hello Jason, I can't login FXCM HDD Basic to download data by my real account (trading station account). It shows: " Please check user credentials", but both my user and password are correct. I can only login HDD Basic via demo account.
Hi Hiepbg,

Your real account login details should work for you with all three versions of the Historical Data Downloader including the Basic HDD. If you send me a private message referencing the email address we have on file for your account, I can use that information to check your account settings for you. That said, your demo account login details will give you access to the same data from HDD.
  • #9,316
  • Aug 9, 2016 2:28pm Aug 9, 2016 2:28pm
Quoting anudora
Jason, Is it possible to display the price and spread in MT4 platform exactly the same as FXCM Trading Station?
Yes Anudora

Quoting anudora
I notice there are still discrepancies in the prices between the 2 platform. This affect my SL and TP placement.
If you are using Trading Station, then the spreads you see on your charts will depend on your account type. However, if you are using MT4, then the spreads you see on your charts will depend on the MT4 server to which you are connected. If you complete the form below, we can switch your account to an MT4 server with charts displaying the same spreads you already see on your Trading Station charts.

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

  • #9,317
  • Aug 9, 2016 5:42pm Aug 9, 2016 5:42pm
Quoting Jason Rogers
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: MT4 Chart Update for FXCM UK Clients MT4 Chart Update for FXCM US Clients {quote} Have a great weekend, CatMan! {image}
Jason, am I correct that without filling out this request, then the live tick spreads that I might track through MT4 are different than those used during actual execution of my orders? Thanks.
  • #9,318
  • Aug 10, 2016 9:47am Aug 10, 2016 9:47am
Quoting nonlinear
{quote} Jason, am I correct that without filling out this request, then the live tick spreads that I might track through MT4 are different than those used during actual execution of my orders? Thanks.
It's possible, NL, especially if your account was opened prior to last year. MT4 servers have a limitation in that they can only display chart prices for one account type (Mini or Standard). Trading Station servers and charts do not have this same limitation. That means regardless of your account type, you can log into our Trading Station platform and see corresponding prices on the charts.

The charts on some of our MT4 servers are set up to display the raw FX spreads available to Standard accounts, while the charts on other MT4 servers are set up to display the all-inclusive spreads available to Mini accounts. That said, the Bid and Ask prices you see in the Market Watch window of your MT4 platform will always correspond the spreads available for your account type regardless of your the MT4 server to which you're connected.

You can compare the Bid price you see in your Market Watch window to the chart price on your MT4 platform to see if they match. If not, you can complete the form below to have your account switched, so it connects to an MT4 server with chart prices corresponding to your account type.

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

  • #9,319
  • Edited 11:04am Aug 10, 2016 10:32am | Edited 11:04am
Quoting Jason Rogers
{quote} That said, the Bid and Ask prices you see in the Market Watch window of your MT4 platform will always correspond the spreads available for your account type regardless of your the MT4 server to which you're connected.
Thanks, this is what I needed to know (I have multiple accounts, some standard, some mini, some active, etc -- all are on MT4, with some employing complex algos that are not easily transferable to trading station). Maybe someday, I will will abandon mt4 and use FIX for fills, but I still need a reliable feed for analytic analyses. I am starting to track spreads on live charts, but my recordings will be useless if they do not closely correspond to spreads experienced with live order fills. Out of curiosity, how dramatically different are the peak spreads between std and mini accounts? Is the difference generally fixed, or does it vary during volatile times?
  • #9,320
  • Aug 10, 2016 11:20am Aug 10, 2016 11:20am
Quoting nonlinear
Out of curiosity, how dramatically different are the peak spreads between std and mini accounts? Is the difference generally fixed, or does it vary during volatile times?
I don't have stats for this currently but have put in a request for you. I've already shared your feedback on our new historical spreads page with our web developers, so we'll see if historical data on Mini spreads can also be added to the Standard historical spreads on our site.
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