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Discussion of the Forex Contest FXCM Forex Contest
Členem od Aug 12, 2009
243 příspěvků
Dec 01, 2014 at 21:01
innaig86 posted:
Good, before it didn't close a sell order when it passed the take profit (obv the price rebounded and I lost that).
Now it doesn't open a pending sell order when it hit the open price.
Reliable broker, yep.
innaig86 posted:
Again, TP passed and order still opened.
:facepalm:
Hi Innaig86,
It's possible you're not taking into account the bid-ask spread and/or the difference between our raw FX spreads which you can see in the Market Watch window, and the MT4 chart prices which I explain in my first post on the first page of this discussion thread: http://www.myfxbook.com/community/contests/forex-contest-fxcm/840323,1
If you still have questions about your demo trades, please post the details here.
Thanks,
Jason
Členem od Aug 12, 2009
243 příspěvků
Dec 01, 2014 at 21:10
240Z posted:
thanks for a good contest FXCM
It's our pleasure, 240Z 😄
Thank you for participating!
Členem od May 08, 2013
11 příspěvků
Dec 02, 2014 at 13:27
Thank you Tony
Yes your script gives the same result as the MW prices. I also use an indicator called fxspread which shows the Live MW spread all the time on the chart.
I am still not 100% sure that a typical EA will use the MW values since I have no MQL knowledge. I see several instances where a trade should have closed when the price went well beyond the set TP.
It may be due to slippage or other market variables or EA error!
I am referring to my real account rather than FXCM Demo!
FXCM say they will have this issue sorted very soon anyhow but why are separate price feeds used for the charts in MT4 platform but not in Trade Station?
Brokers with similar low spreads like Pepperstone and ICmarkets do not have this issue on MT4
Yes your script gives the same result as the MW prices. I also use an indicator called fxspread which shows the Live MW spread all the time on the chart.
I am still not 100% sure that a typical EA will use the MW values since I have no MQL knowledge. I see several instances where a trade should have closed when the price went well beyond the set TP.
It may be due to slippage or other market variables or EA error!
I am referring to my real account rather than FXCM Demo!
FXCM say they will have this issue sorted very soon anyhow but why are separate price feeds used for the charts in MT4 platform but not in Trade Station?
Brokers with similar low spreads like Pepperstone and ICmarkets do not have this issue on MT4
amelabs posted:eogorfx posted:
Hi Tony
Please advise how I can know or test which pricing the EA is using.
Maybe it depends on how the EA code is written?
Rimantas at ea-coder.com says that he would not use any EA on a broker who is using different price feeds for the MW and the charts!
Put this code in a script and the drag the script onto your chart
PrintFormat("HEY! bid=%f ask=%f spread=%f",bid,ask,ask-bid);
Then check your log for a message with the word HEY
Členem od Aug 12, 2009
243 příspěvků
Dec 03, 2014 at 23:10
(Upravené Dec 03, 2014 at 23:30)
eogorfx posted:
FXCM say they will have this issue sorted very soon anyhow but why are separate price feeds used for the charts in MT4 platform but not in Trade Station?
While I discuss this in more detail in my first post on the first page of this discussion thread, below is a summary: http://www.myfxbook.com/community/contests/forex-contest/840323,1
The Bid and Ask prices you see in the Market Watch window are the best quotes taken from among 10+ competing liquidity providers on FXCM's No Dealing Desk (NDD) forex execution. Those are the actual quotes available to you to execute your trades on our new pricing. However, unlike Trading Station and NinjaTrader, the MT4 platform has a limitation that allows only one price feed per server to be used on charts. The MT4 charts still show our old pricing, because many clients on these servers have not yet been upgraded to the new pricing.
The transition to our new pricing is being done region by region to ensure we follow regulatory requirements for due notice to traders which vary by regulator, and to ensure an orderly transition within our own system so as not to negatively impact our traders. Unlike the brokers you mentioned, FXCM is regulated on 4 continents with 212,019 retail tradable accounts as of the latest financial data: http://bit.ly/1npdek8
Členem od May 21, 2014
3 příspěvků
Feb 06, 2015 at 16:27
Will there ever be a contest for regular TradingStation / Ninjatrader clients?
Členem od Sep 18, 2013
12 příspěvků
Feb 06, 2015 at 20:24
When can we expect bid and ask line showing actuall price? This year? Spring, summer...? For swing traders is not problem but for scalping having entry lines 2 pips above actual candle is very bad and not accurate to trade... Please do as soon as possible!
Also in mt4 commisions are seen as withdrawals. Talk with metaquotes about charging commisions in trade itself at the entry not as losing trade (withdrawal)...it gives fake statistic.. I tried to talk about that with FXCM support several times without success.
I hope here i will get some +++ from other FXCM users noticing that aswell.
Regards
Also in mt4 commisions are seen as withdrawals. Talk with metaquotes about charging commisions in trade itself at the entry not as losing trade (withdrawal)...it gives fake statistic.. I tried to talk about that with FXCM support several times without success.
I hope here i will get some +++ from other FXCM users noticing that aswell.
Regards
Honest and Caring Trading Community
Členem od Jan 05, 2016
2 příspěvků
Jun 25, 2016 at 20:09
MarjanRijavec posted:
When can we expect bid and ask line showing actuall price? This year? Spring, summer...? For swing traders is not problem but for scalping having entry lines 2 pips above actual candle is very bad and not accurate to trade... Please do as soon as possible!
Also in mt4 commisions are seen as withdrawals. Talk with metaquotes about charging commisions in trade itself at the entry not as losing trade (withdrawal)...it gives fake statistic.. I tried to talk about that with FXCM support several times without success.
I hope here i will get some +++ from other FXCM users noticing that aswell.
Regards
Členem od Jan 05, 2016
2 příspěvků
Jun 26, 2016 at 06:44
No matter I'll be THERE!!!!😎
Členem od Jul 01, 2012
6 příspěvků
Jun 26, 2016 at 07:27
Edwardm posted:MarjanRijavec posted:
When can we expect bid and ask line showing actuall price? This year? Spring, summer...? For swing traders is not problem but for scalping having entry lines 2 pips above actual candle is very bad and not accurate to trade... Please do as soon as possible!
Also in mt4 commisions are seen as withdrawals. Talk with metaquotes about charging commisions in trade itself at the entry not as losing trade (withdrawal)...it gives fake statistic.. I tried to talk about that with FXCM support several times without success.
I hope here i will get some +++ from other FXCM users noticing that aswell.
Regards
Hi Edwardm
This issue has been corrected several mths ago. You need to contact FXCM support & ask them to email you the link to fill the form to have your acct switched to server Real09 I just had my acct switched & the Bid & Ask is now correct!
Členem od Nov 30, 2013
5 příspěvků
Jun 26, 2016 at 14:35
Did this contest start already? Any requirement to participate?
Členem od Aug 12, 2009
243 příspěvků
Jul 01, 2016 at 21:21
jamesu posted:
Did this contest start already? Any requirement to participate?
@jamesu the last FXCM contest here on Myfxbook was Nov-Dec 2014.
Členem od Aug 12, 2009
243 příspěvků
Jul 01, 2016 at 21:32
MarjanRijavec posted:
When can we expect bid and ask line showing actuall price? This year? Spring, summer...? For swing traders is not problem but for scalping having entry lines 2 pips above actual candle is very bad and not accurate to trade... Please do as soon as possible!
Also in mt4 commisions are seen as withdrawals. Talk with metaquotes about charging commisions in trade itself at the entry not as losing trade (withdrawal)...it gives fake statistic.. I tried to talk about that with FXCM support several times without success.
I hope here i will get some +++ from other FXCM users noticing that aswell.
Regards
TheGMan posted:
Hi Edwardm
This issue has been corrected several mths ago. You need to contact FXCM support & ask them to email you the link to fill the form to have your acct switched to server Real09 I just had my acct switched & the Bid & Ask is now correct!
@Edwardm as TheGMan said, FXCM implemented a solution for MT4 charts.
If you are using Trading Station, then the spreads you see on your charts will depend on your account type: Mini or Standard. 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. While the charts on some of our MT4 servers reflect the raw FX spreads available to Standard accounts, the FX charts on our other MT4 servers reflect the all-inclusive spreads (with no separate commissions) available to Mini accounts.
If you complete the form below, we can switch your Standard account to an MT4 server with charts displaying the raw FX spreads available to you for trading.
* MT4 Chart Update for FXCM US Clients: http://bit.ly/1LRbVWu
* MT4 Chart Update for FXCM UK Clients: http://bit.ly/1QQIviY
*Komerční použití a spam nebudou tolerovány a mohou vést ke zrušení účtu.
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