Upgraded MetaTrader 4 Offering From FXCM

Hi Everyone,

FXCM has released a new MT4 platform which is integrated seamlessly into our No Dealing Desk forex execution without the need for a 3rd party bridge. The new integration is designed to provide faster execution, since it doesn't use a 3rd party bridge, while making it an easier platform to use with our No Dealing Desk forex execution since there are no longer any auto account syncs, partial closing is now available, ability to add stop/limit while placing the order, and more.

The new setup can be tested on a demo found through FXCM.com, and live accounts will be transitioned over to the new setup in the weeks ahead. The MT4 platform will need to be re-installed on your computer from FXCM's website in order to ensure you have the newest platform.

We would appreciate any feedback or comments you have about the new setup!

Jason

This sounds interesting but if it is MT4 and it is not a dealing desk doesn't some type of bridge have to be used to connect to the liquidity source? What bridge would u be using now?

   forexproptrader posted:
   This sounds interesting but if it is MT4 and it is not a dealing desk doesn't some type of bridge have to be used to connect to the liquidity source? What bridge would u be using now?

Hi forexproptrader,

FXCM's in-house developers have updated the integration between Metatrader4 and our NDD forex execution that eliminates the need for a 3rd party bridge, so the integration has become seamless and complete within FXCM. Orders are now sent directly to FXCM through our integration which means faster execution.

-Jason

If you're using FXCM's new MT4, you can now use the MT4 username and password to login to the Trading Station Desktop, Trading Station Web, and iPad platforms. The login is backwards compatible with the other platforms so you can login and manually trade.

There are a couple things to keep in mind if using your MT4 account to login to the Trading Station platforms such as:

1. Trailing Stops: If you have a trailing stop on the MT4 platform, it will not appear in the Trading Station platform due to differences in trailing stop logic between the platforms. Trailing stops are still available, but they need to be utilized from the MT4 platform.

2. 'In Pips' Orders: Trading Station allows you to set Stop and Limit orders by distance 'in pips' from the current market price when creating a market order and entry order. MT4 does not support this advanced order type, so the functionality in Trading Station when logging in with your MT4 account is not be available.

3. OCO Orders are not available in Trading Station for MT4 accounts due to limitations within MT4.

Hi everyone,

This week we launched the FXCM App Store, starting out with around 40 apps for MT4 including scripts, Expert Advisors, and stand-alone apps. This is just the beginning, and we plan to release more apps in the coming months for MT4, Trading Station, and possibly other platforms.

Below are 3 apps you can test for free, and there are more on the website. If you have suggestions for additional apps, please do let me know, and I will ask the programming services team if they can be added to the website.




*** DailyFX PLUS Trading Signals—Breakout2 (Expert Advisor)

Those of you that use DailyFX PLUS will likely have heard of Breakout2. You can now automate the strategy to run on MT4 rather than having to visit the website to check for updates and then manually place trades on your platform.

Breakout 2 is one of the six strategies in the “classic” DailyFX signals. It’s designed to perform best in market conditions where price is likely to move through an identified support or resistance level. When this happens, trading volume and price volatility often increase. Breakout2 attempts to capitalize on these increases by recommending to buy or sell in the direction of the breakout. We will likely release more of the DailyFX PLUS strategies for MT4 automation, so stay tuned.

- Click here to download Breakout 2 for FXCM MT4: https://www.fxcmapps.com/metatrader-4/dailyfx-plus-trading-signals-breakout2/




*** Trend Identifier (Indicator)

This indicator is pretty self-explanatory, and it incorporates the Aroon indicator for trend identification. The indicator displays two lines: “Aroon up,” which measures the strength of the uptrend, and “Aroon down,” which measures the strength of the downtrend. Both lines fluctuate between values of zero and 100, with values near zero representing a weak trend and values near 100 representing a strong trend.



- Click here to download Trend Identifier for FXCM MT4: https://www.fxcmapps.com/metatrader-4/trend-identifier/




*** Quick Buy (Script)

This app lets you open trades on MT4 in one click similar to how one-click trading works on the Trading Station desktop platform. You can even pre-set your stop-loss and take-profit levels.

- Click here to download Quick Buy for FXCM MT4: https://www.fxcmapps.com/metatrader-4/quick-buy/




All of these apps can be used on FXCM’s MetaTrader 4 platform, so if you’re using our MT4, enjoy! If not, you can register for an FXCM MT4 demo. And again, let me know, if you have suggestions for new Expert Advisors, scripts, etc. Stay tuned for an app that will let you automatically share your trades with your friends on facebook and twitter.


- Jason

Hi everyone,

Those of you who have an MT4 demo with FXCM will be getting an email about this, but I wanted to give everyone on the forum a heads up.

Due to a server upgrade this weekend, all current MT4 demos on the FXCM MT4 platform will expire this coming Sunday, April 15th. Past trading history of those demos will not be saved. Please take appropriate measures to save any necessary data. You can create a new demo after April 15th.

Why is this necessary? FXCM recently rebuilt the backend of our MT4 platform from the ground up. Now our No Dealing Desk forex execution is seamlessly integrated and auto syncs have been eliminated. We have also integrated functionality for MT4 accounts to work with the MT4 mobile and Trading Station mobile platforms. In order or put through the ability for demos to login to Trading Station and the mobile apps, the old demos have to go unfortunately.

I know that this is an inconvenience for everyone using a current MT4 demo with us, but I hope you will like all the new changes that will come with the new demos.

Jason

Just a heads up for everyone.

The following indices will be closed for trading on May 1st due to the holiday in Europe: GER30, FRA40, ITA40, SWE30 and SUI30.

Normal trading hours will resume on May 2nd.

Hi Everyone,

Due to the Golden Week holidays in Japan, all Yen crosses will have 5 days’ worth of rollover interest today except for GBP/JPY which will have 6 days’ worth.

For example, that means if you buy 10k of GBP/JPY and keep the trade open through 5pm New York time today, you will earn $0.66 or 66 cents. On the flip side, if you sell 10k of GBP/JPY and hold that trade open through 5pm, you will pay $1.56. You can always check what amount of rollover you can earn or pay for holding a particular currency pair through 5pm by looking at the RollS and RollB on the Trading Station.



And to keep track of when holidays will affect the number of days of rollover, you can look at the Rollover Calendar at DailyFX.com: www.dailyfx.com/calendar/rollover_calendar

Jason

Hi Everyone,

FXCM will be hosting another currency trading expo in Las Vegas at the Rio on November 2-4, 2012. You can click here for a schedule of all the workshops. Over 30 workshops are currently schedule, and we anticipate adding more in the weeks ahead.

I was there at last year’s expo, and it was great getting to meet many of you. For those who didn’t attend last year, you can click here for videos from last year’s expo. Let me know if you have any questions.


Click here to Sign Up: https://bit.ly/NEnTra

Jason

   jasonrogers posted:
   Hi Everyone,

FXCM will be hosting another currency trading expo in Las Vegas at the Rio on November 2-4, 2012. You can click here for a schedule of all the workshops. Over 30 workshops are currently schedule, and we anticipate adding more in the weeks ahead.

I was there at last year’s expo, and it was great getting to meet many of you. For those who didn’t attend last year, you can click here for videos from last year’s expo. Let me know if you have any questions.


Click here to Sign Up: https://bit.ly/NEnTra

Jason

Hi Everyone,

I have an update on the FXCM Expo to be held in Las Vegas from Friday, November 2nd to Sunday, November 4th. E*TRADE has signed on as the premier sponsor and will be conducting workshops on Stocks, Options and Futures trading.



You can click here for the latest schedule of events: https://www.fxcmexpo.com/schedule/

I will keep you posted as new workshops are added to the lineup. Hope to see you in November!

Jason

Hi Everyone,

For those of you who've asked me about it in the past, I wanted to let you know that we've officially opened beta testing for Ninja Trader. You can sign up by visiting this webpage and clicking on the Ninja Trader section: https://www.fxcm.com/automated-forex-trading.jsp

A form will appear for you to request entry into the beta.

Jason

Hi Everyone,

FXCM is now offering lower spreads to clients with FXCM Australia and FXCM UK (coming soon to FXCM US). Below are the new spreads for twelve of the most popularly traded currency pairs. You can now pick the execution type that best fits your trading. Choose No Dealing Desk forex execution which we recommend for the best overall trading experience, or the new Dealing Desk execution which provides lower spreads: https://www.fxcm.co.uk/execution-types.jsp



For those whose primary concern is transaction cost, the lower spread option is ideal. These new spreads are available on all our platforms including Trading Station, MetaTrader 4 and NinjaTrader. (Trading Station Demo | MT4 Demo). For a free practice account, click here: https://bit.ly/Rnk8Es

Jason

jasonrogers posted:

   jasonrogers posted:
   Hi Everyone,

FXCM will be hosting another currency trading expo in Las Vegas at the Rio on November 2-4, 2012. You can click here for a schedule of all the workshops. Over 30 workshops are currently schedule, and we anticipate adding more in the weeks ahead.

I was there at last year’s expo, and it was great getting to meet many of you. For those who didn’t attend last year, you can click here for videos from last year’s expo. Let me know if you have any questions.


Click here to Sign Up: https://bit.ly/NEnTra

Jason

Hi Everyone,

I have an update on the FXCM Expo to be held in Las Vegas from Friday, November 2nd to Sunday, November 4th. E*TRADE has signed on as the premier sponsor and will be conducting workshops on Stocks, Options and Futures trading.



You can click here for the latest schedule of events: https://www.fxcmexpo.com/schedule/

I will keep you posted as new workshops are added to the lineup. Hope to see you in November!

Jason

There are only 4 weeks left until the FXCM Expo in Las Vegas to be held November 2-4. In a new addition to the schedule, CNBC TV Show “Money in Motion” contributors Kathy Lien, Boris Schlossberg, Todd Gordon and Amelia Bourdeau will be hosting a special panel to analyze the latest market trends and events and engage the audience on trading sentiment. You can take part in the discussion at the FXCM Expo with these leading experts. Admission is free, but seating is limited. Click here for details on the speakers and on how to register: https://bit.ly/VC62o9

jasonrogers posted:
Hi Everyone,

FXCM is now offering lower spreads to clients with FXCM Australia and FXCM UK (coming soon to FXCM US). Below are the new spreads for twelve of the most popularly traded currency pairs. You can now pick the execution type that best fits your trading. Choose No Dealing Desk forex execution which we recommend for the best overall trading experience, or the new Dealing Desk execution which provides lower spreads: https://www.fxcm.co.uk/execution-types.jsp



For those whose primary concern is transaction cost, the lower spread option is ideal. These new spreads are available on all our platforms including Trading Station, MetaTrader 4 and NinjaTrader. (Trading Station Demo | MT4 Demo). For a free practice account, click here: https://bit.ly/Rnk8Es

Jason

Just an update for those who asked, our new lower spreads are now available through FXCM US: https://bit.ly/PxvBaf

Hi Everyone,

I wanted to tell you about a new contest being sponsored by FXCM. We are challenging software developers to create innovative and engaging apps that will help forex traders. Using FXCM’s ForexConnect API, developers can build apps including games, news alerts, trading functionality, currency converters, educational content, and more. Over $50,000 in prizes will be awarded to the best applications.



Click here for details on the App Challenge: https://bit.ly/Uizxxz

Jason

This Thursday is the Thanksgiving Holiday in the US which will impact the rollover schedule and trading hours for certain CFD products. So please take note:

1. Rollover: The JPY pairs will have 5X rollover and all other pairs will have 4X rollover [U]today[/U] as a result of the holiday. There will be 0 rollover for all pairs tomorrow.

2. Forex Trading: There are no changes to forex trading hours. Trading will continue through Friday as normal and close on Friday at the normal time of approximately 4:55pm ET. Please be aware that liquidity will likely be lower than normal which could impact spreads.

3. CFD Trading: The times listed below show the change to CFD trading instruments in US Eastern Time (GMT -5 hours). (CFD trading is not available to residents of the United States)



Let me know if you have any questions.

Jason

Happy Holidays from FXCM!



Forex Trading Hours and FXCM Customer Service Hours




CFD Trading Hours for Christmas




CFD Trading Hours for New Year's




All times above are in Eastern Standard Time (EST)

Seasons Greetings!

In my last post, I mentioned our holiday trading hours. In addition, it's important to note that with holidays comes holiday rollover. Here's a look at what the rollover interest schedule will be like from now until the end of the year.

December Rollover Calendar



Happy Holidays to Everyone!

Jason