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Discussion of the Forex Contest FXCM Forex Contest
forex_trader_143395
Member Since Aug 08, 2013
12 posts
Nov 03, 2014 at 15:09
Well I just tried to sell another 10 lots.. sold 10 and still got 43k margin and 10 lots only covers 8k margin and it doesn't allow me??? Yes my one position is already in profit as well in case you think it was losing.. any ideas???
Member Since Jan 23, 2014
4 posts
Nov 03, 2014 at 15:10
off quotes, off quotes...
one step ahead..
Member Since Jul 27, 2012
28 posts
Nov 03, 2014 at 15:10
adil149 posted:Which is funny seeing as how it's demo and demo is notorious for being deceptively smooth and error free since it's a completely different feed lol
Lots of Off Quotes, thats one reason FXCM is Bullshit !
I haven't gotten any offquotes yet but I am having trouble with opening an order on XAG ... but I just realised the position sizing of XAG is different than currencies which is solely what I'm used to. So that's my bad.
Still getting a "too many requests" error when my scripts run... the order opens but without a TP or SL set. Strange.
Nov 03, 2014 at 15:12
Wow, after a quick chat with some people from FXCM I actually believe they where providing a high quality service. What a joke !
- Average commissions costs
- Low spread, alright, BUT i just got a 10 pips slippage on EURUSD. I don't know FXCM liquidy provider but they can't be premium one.
Having such a gap in price on the EU in 2014 is just unacceptable. I work with several (good) brokers from years now I NEVER had anything like this (at least not on major currencies pairs) and it's actually my first trade on FXCM.
Well thanks, but no thanks.
Goodbye Fxcm,
Nevertheless happy contest to all traders !
Regards
- Average commissions costs
- Low spread, alright, BUT i just got a 10 pips slippage on EURUSD. I don't know FXCM liquidy provider but they can't be premium one.
Having such a gap in price on the EU in 2014 is just unacceptable. I work with several (good) brokers from years now I NEVER had anything like this (at least not on major currencies pairs) and it's actually my first trade on FXCM.
Well thanks, but no thanks.
Goodbye Fxcm,
Nevertheless happy contest to all traders !
Regards
Member Since Nov 02, 2014
1 posts
Nov 03, 2014 at 15:12
hy guys,, please tell me how much maxium lots i can open ??
Member Since Aug 12, 2009
243 posts
Nov 03, 2014 at 15:25
(edited Nov 03, 2014 at 15:28)
@CBfrazier @multipair @koksidziwki @kaliistus
You may get an "off quotes" or "invalid price" message if the order price requested is no longer within your specified Maximum Deviation tolerance. Maximum deviation allows you to limit slippage on a trade, but the smaller maximum deviation is set the more likely the order might be rejected especially if prices are moving quickly.
I would suggest increasing the maximum deviation amount when placing the order. For example increasing the figure to 10 would allow 1 pip deviation. You can set the default max deviation size by navigating to Tools > Options > Trade at the top of the MT4 platform and setting a default amount. Remember that the MT4 platform is displaying amounts in fractional pips, so an amount of 1 would be 0.1 pips. An amount of 10 would be 1.0 pips.
It's worth noting that FXCM's MT4 platform is unique. We have enhanced the functionality of the Maximum Deviation feature of the platform, so that it only limits negative slippage, but not positive slippage. That means regardless of how high or how low you set your Maximum Deviation tolerance, your order will always get filled at the best available price from the liquidity providers and receive the full benefits of any positive slippage that's available.
You may get an "off quotes" or "invalid price" message if the order price requested is no longer within your specified Maximum Deviation tolerance. Maximum deviation allows you to limit slippage on a trade, but the smaller maximum deviation is set the more likely the order might be rejected especially if prices are moving quickly.
I would suggest increasing the maximum deviation amount when placing the order. For example increasing the figure to 10 would allow 1 pip deviation. You can set the default max deviation size by navigating to Tools > Options > Trade at the top of the MT4 platform and setting a default amount. Remember that the MT4 platform is displaying amounts in fractional pips, so an amount of 1 would be 0.1 pips. An amount of 10 would be 1.0 pips.
It's worth noting that FXCM's MT4 platform is unique. We have enhanced the functionality of the Maximum Deviation feature of the platform, so that it only limits negative slippage, but not positive slippage. That means regardless of how high or how low you set your Maximum Deviation tolerance, your order will always get filled at the best available price from the liquidity providers and receive the full benefits of any positive slippage that's available.
Member Since Aug 12, 2009
243 posts
Nov 03, 2014 at 15:57
naturallycurly82 posted:
So has anyone noticed that the currency pairs available for trading are are limited? Most of the majors aren't even available to trade, why in the world not? Is it just me?....
Hi @naturallycurly82
All of the majors are available to trade in the contest demo. The demo contains all 57 currency pairs available in live accounts and 24 CFD products (not available for US residents in a live account). If you're not seeing the entire list, please right click anywhere over the Market Watch window and select 'Show All' to ensure the entire list is being displayed.
Jason
Member Since Aug 12, 2009
243 posts
Nov 03, 2014 at 16:09
Huckleberry posted:
I also cannot place an order on certain things like XAGUSD as it says invalid volume. And I cannot place a trade on any pair by right clicking the market watch window on a pair and clicking new order.
Hi Huckleberry,
What size volume are you trying to trade for XAGUSD?
Jason
Member Since Jul 31, 2009
1418 posts
Nov 03, 2014 at 16:17
Guys, there was a mix-up on our end with the opening time of the contest due to the DST change in the weekend which wasn't accounted for - this has caused the supposedly 1 hour delay.
We apologize for the inconvenience.
In case anyone missed the registration, please send us an email and we'll register you manually.
We apologize for the inconvenience.
In case anyone missed the registration, please send us an email and we'll register you manually.
forex_trader_187695
Member Since Apr 25, 2014
19 posts
Nov 03, 2014 at 20:16
fxdiva posted:
I thought the demo account was supposed to start at $50,000. Mines started at $5,000 and my account is in AUD instead of USD.
Bro, use this Server on your MT4:
FXCM-USDDemo01
Member Since May 04, 2012
2 posts
Nov 03, 2014 at 20:16
now.. can't close order.. even using traling stop.. try.. can't use SL or TP 😇
Solusi Masa Depan Kita
forex_trader_143395
Member Since Aug 08, 2013
12 posts
Nov 03, 2014 at 20:16
Well just got another 5k after playing around but again same problem... still not selling yet plenty of margin.... instead of 10 lots tried 5 and it didn't go through straight way eventually did... then tried another 5 lots with plenty of margin and it rejected it... strange... but its not working wondering if others having same problem??? my 5 lot as well surrendered a few pips just to get it.. and then it was delayed lol
Member Since Sep 25, 2014
12 posts
Nov 03, 2014 at 20:16
I have traded 30 lots of USD/JPY 4 times, if you cannot place order from graph, place it from menubar above.
