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Off Quotes on MT4 Contest November 15th?

Kemosabe Limited (kemosabeforex)
Nov 15 2012 at 00:15
3 inlägg
Trying to trade and keep getting the message 'Off quotes'.

What should I do now?

thanks

Server : FXCM-USDDemo01


The only indicator of currency direction is Price!
B00Z3R (dcbsod)
Nov 15 2012 at 01:35
9 inlägg
Have the same problem, i hope we have to wait but that is to bad for the contest....

ForexScam
Nov 15 2012 at 03:24
1008 inlägg
I've experienced off quotes with FXCM mt4 On Live Accounts in the past. Sometimes you can't close profitable positions.

I couldn't tell you exactly why this broker has off quotes more than any other broker I've ever used.

Having off quotes, would normally mean the price changed but here's FXCM explanation.

https://forexforums.dailyfx.com/automated-trading-platforms-strategy-trader-mt4-fss/231519-mt4-what-does-error-message-off-quotesa-mean.html

ForexScam
Nov 15 2012 at 03:27
1008 inlägg
Quote from FXCM

''

How do I avoid Off Quotes?

While FXCM continues to make improvements to our MT4 platform, Off Quotes may happen on the MT4 platform in the future due to MT4 technology limitations.

MT4 EA users can avoid Off Quotes if they code their EAs for Strategy Trader - FXCM's automated trading platform built for No Dealing Desk execution. Unlike the MT4 platform, no software bridge or Auto Account Syncs are used. This decreases the time it takes to execute trades and simplifies account management so that you can focus on finding trading opportunities.''


Wow. They blame it on MT4 Technology and suggest to use their proprietary trading platform instead. 😁

B00Z3R (dcbsod)
Nov 15 2012 at 06:00
9 inlägg
this competition is really crappy problem with this technique. We can not even buy or sell, or close positions

Kemosabe Limited (kemosabeforex)
Nov 15 2012 at 10:16
3 inlägg
I closed the FXCM account and quit the contest. This contest and platform stinks! 😂

The only indicator of currency direction is Price!
Dhymas
Nov 15 2012 at 11:18
5 inlägg
SPREAD PARAH! OFF QUOTES MULU!

GAMMA (nimesh)
Nov 15 2012 at 13:34
2 inlägg
Frequency of OFF QUOTES are very high compared to other broker..

Pending orders can be the solution..

B00Z3R (dcbsod)
Nov 15 2012 at 17:45
9 inlägg
I closed my account too. Bad contest for me. I'm really disappointed with FXCM. Good luck.

Ricardo (fotoposter1)
Nov 15 2012 at 17:49
12 inlägg
Terrible the platform, very hard to close a trade. Allways Off Quotes.


B00Z3R (dcbsod)
Nov 15 2012 at 17:53
9 inlägg
That why i closed my account coz i lost all my profitable positions.

Ricardo (fotoposter1)
Nov 15 2012 at 18:34
12 inlägg
15 tries for close a order, Off Quotes.

xgavinc
Nov 15 2012 at 21:56
235 inlägg
Tools -> Options -> Trade [TAB]

Set Deviation by default to 10 pips.

For every loss there should be at least an equal and opposite profit.
Ricardo (fotoposter1)
Nov 16 2012 at 15:21
12 inlägg
I found how close the order fast, with a scrip 'Cutoff', you can download here
https://codebase.mql4.com/5329

Jason Rogers (jasonrogers)
Nov 16 2012 at 20:43
272 inlägg
Hi Everyone,

If you are getting Off-Quote you can increase the max deviation to reduce the likelihood of it appearing. If you receive the Off-Quote message, it means the market price is different from the price you requested in your order. You can enable max deviation and set it to 10 or 20, which indicates 1.0 or 2.0 pips. This gives you flexibility in case the price has moved when the order is submitted for execution.

See xgavinc's post 2 up for instructions on how to set a default max deviation for every order.

And finally, just a reminder that trading closes today at 21:55GMT and will open again on Sunday at 22:15 GMT.

Have a great weekend!

Dhymas
Nov 19 2012 at 07:11
5 inlägg
Jason Rogers (jasonrogers)
Nov 19 2012 at 16:28
272 inlägg
Dhymas posted:
Are you Dealing Desk broker?


Hello Dhymas,

FXCM has both No Dealing Desk and Dealing Desk forex execution. So our traders can choose which they prefer.

We recommend No Dealing Desk forex execution to our clients because it provides our best all around trading experience. For traders whose main concern are spreads, we offer dealing desk execution where the spread is about 1 pip tighter than the NDD execution. There are certain limitations to the dealing desk offering which you can view in the comparison chart here https://www.fxcm.com/advantages/forex-execution/compare-execution-types/

Let me know if you have any questions.

Jason

Ricardo (fotoposter1)
Nov 21 2012 at 00:56
12 inlägg
Hi:

I made the change ( You can enable max deviation and set it to 10 or 20, which indicates 1.0 or 2.0 pips) and continue the same, don´t close the trades Off - Quotes

B00Z3R (dcbsod)
Nov 21 2012 at 01:23
9 inlägg
Really funny contest with many 'Off-quotes'....

metrodream
Nov 21 2012 at 08:20
40 inlägg
same problem here, the only way to avoid it is to use limit orders.

edit: after setting the deviation by default in Tools/Options/Trade to 5 pips it is working as it should...

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