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FXCM's Suhail Afzal and Brad Gleason - Ask Me Anything (AMA)
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FXCM's Suhail Afzal and Brad Gleason - Ask Me Anything (AMA)

  #81 (permalink)
 Vendor: www.fxcm.com 
Dallas, Texas, USA
 
Futures Experience: Advanced
Platform: Trading Station
Favorite Futures: Forex
 
FXCM Suhail's Avatar
 
Posts: 13 since Mar 2013
Thanks: 3 given, 18 received


Peter View Post
Hi,
I am looking at adding some Forex (and CFD) trading to my trading mix. I do have NT multi-licence, but for the moment my NT is allocated to live trading other brokers. So I am assessing my platform options.
I could get a second NT if I would trade enough Forex volume to warrant that.... or go with MT.
Or alternatively get Sierra for what I am doing now with NT (as I recently got more into market profile stuff I was thinking about changing to a platform with native market profile capabilities) and free-up my existing NT for Forex.

MT appears to be the preferred platform for the Forex devotees, so I want to have a serious look at that. And then compare MT with NT and Sierra.

Anyway:
1. I would like to play around a bit with a Demo account and preferably MT5 to see its capabilities. But I only see the MT4 platform on your site. Does FXCM have MT5 in their offering?
(BTW As I understand it MT4 does not do 8 hour charts... which I need).

2. Then I would at times want to run my NT simultaneously to test this against the MT5 platform.
Can you just connect to the same DEMO or would you need a separate DEMO for this.

Thanks,
Peter

Hi Peter,

FXCM offers NinjaTrader, MT4 and Sierra Charts as options. There hasn't been much demand for MT5 thus far, so we currently don't offer it. However, if you want 8-hour charts on MT4, it's possible with the Custom Time Frames indicator which is free to download at FXCMapps.com

You would need a separate demo to test NinjaTrader and MT4.

If you decide you would like to trade a live account with FXCM using NinjaTrader, you may be interested to know that we have a free software license offer that would allow you to add FXCM as your forex broker on this platform.

For Sierra Charts, we also have a special pricing offer, if you use their charts for your FXCM account.

Suhail

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
 
  #82 (permalink)
Elite Member
Brisbane; Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB/TDA needing new broker
Favorite Futures: Futures, Forex, Stocks
 
Peter's Avatar
 
Posts: 97 since Jun 2009
Thanks: 91 given, 101 received


FXCM Suhail View Post
Hi Peter,

FXCM offers NinjaTrader, MT4 and Sierra Charts as options. There hasn't been much demand for MT5 thus far, so we currently don't offer it. However, if you want 8-hour charts on MT4, it's possible with the Custom Time Frames indicator which is free to download at FXCMapps.com

You would need a separate demo to test NinjaTrader and MT4.

If you decide you would like to trade a live account with FXCM using NinjaTrader, you may be interested to know that we have a free software license offer that would allow you to add FXCM as your forex broker on this platform.

For Sierra Charts, we also have a special pricing offer, if you use their charts for your FXCM account.

Suhail

Thanks,
I'll have to test if that 'Custom Time frames' indicator results in the same experience/charts as MT5.

Anyway, an additional specific question about OCO server side:
NT OCO? webinar says 'yes OCO', later somewhere else it is stated a 'no OCO'?
Sierra OCO yes
MT4 OCO ???
Can you please confirm which platform does ....OCO and stops .....on the FXCM server side.
(important for me as internet here is not as stable as I would like).

 
  #83 (permalink)
 Vendor: www.fxcm.com 
Dallas, Texas, USA
 
Futures Experience: Advanced
Platform: Trading Station
Favorite Futures: Forex
 
FXCM Suhail's Avatar
 
Posts: 13 since Mar 2013
Thanks: 3 given, 18 received



Peter View Post
Thanks,
I'll have to test if that 'Custom Time frames' indicator results in the same experience/charts as MT5.

Anyway, an additional specific question about OCO server side:
NT OCO? webinar says 'yes OCO', later somewhere else it is stated a 'no OCO'?
Sierra OCO yes
MT4 OCO ???
Can you please confirm which platform does ....OCO and stops .....on the FXCM server side.
(important for me as internet here is not as stable as I would like).

Hi Peter,

My previous post was deleted. It had links to some free resources you can use to get the OCO functionality you're after. If I try reposting that information, it may get deleted again. Please email me at safzal@fxcm.com if you would like those details.

Suhail

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread

Last edited by FXCM Suhail; March 20th, 2014 at 02:52 PM.
 
  #84 (permalink)
Elite Member
Brisbane; Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: IB/TDA needing new broker
Favorite Futures: Futures, Forex, Stocks
 
Peter's Avatar
 
Posts: 97 since Jun 2009
Thanks: 91 given, 101 received


FXCM Suhail View Post
Hi Peter,
My previous post was deleted. It had links to some free resources you can use to get the OCO functionality you're after. If I try reposting that information, it may get deleted again. Please email me at safzal@fxcm.com if you would like those details.
Suhail

Sorry Suhail, but I want to politely decline for two reasons... or even three.

1. I think the futures.io (formerly BMT) site is all about 'paying forward', sharing information publicly and openly with the intention of helping others. With good karma one day you might get something back ......but it 'paying forward' is not about financial return or marketing.
Mailing you directly is something that I regard as undermining the intent of this site.

2. I don't know why BigMike deemed your post as breaching the rules, but I can't imagine the reason was that you straightforwardly answered my questions.
It should not be too hard to formulate answers as simple facts without marketing.

3. I have bad experiences sharing my details with companies.... too often they are used for follow-up marketing.

Anyway, I infer from your answers that OCO is not implemented natively.
But there are add-ons that might unlock such capabilities.

 
  #85 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,357 given, 83,238 received

Post was deleted for some promotional language like "free".

I believe FXCM to be the good guys in the world of forex, otherwise they would not be a site sponsor.

I think you may have jumped to wrong conclusion @Peter.

Sent from my LG Optimus G Pro

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  #86 (permalink)
 Vendor: www.fxcm.com 
Dallas, Texas, USA
 
Futures Experience: Advanced
Platform: Trading Station
Favorite Futures: Forex
 
FXCM Suhail's Avatar
 
Posts: 13 since Mar 2013
Thanks: 3 given, 18 received


Peter View Post
Anyway, I infer from your answers that OCO is not implemented natively.
But there are add-ons that might unlock such capabilities.

Server-side OCO order functionality comes built into FXCM's Trading Station platform but is not available by default with either NinjaTrader or MT4.

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
The following user says Thank You to FXCM Suhail for this post:
 
  #87 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,357 given, 83,238 received

@artemiso, why delete your message? I am interested in the answer and more info.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #88 (permalink)
 Vendor: www.fxcm.com 
Dallas, Texas, USA
 
Futures Experience: Advanced
Platform: Trading Station
Favorite Futures: Forex
 
FXCM Suhail's Avatar
 
Posts: 13 since Mar 2013
Thanks: 3 given, 18 received

CFD Trading Hours for End of Daylight Savings Time in Europe

Just a notice for all CFD traders

Daylight Savings Time will end in Europe on Sunday, October 26th. That means the trading hours for CFDs that follow European market times will shift by one hour starting next week. I've highlighted the changes below in yellow.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Note that Daylight Savings Time does not end in the US until Sunday, November 2nd. That means I will post another update next week that will include further changes to the trading hours of CFDs that follow US market times.

If you have any questions about the products or services provided by FXCM, please send me a Private Message or use the BMT "Ask Me Anything" thread
The following user says Thank You to FXCM Suhail for this post:
 
  #89 (permalink)
Elite Member
London, England
 
Futures Experience: Beginner
Platform: NT, TOS, MT4
Broker/Data: TOS, CQG (NT), FXCM
Favorite Futures: ES, 6E
 
chr1s's Avatar
 
Posts: 439 since Sep 2014
Thanks: 1,673 given, 651 received

Spread betting on Ninja Trader 7

Hi Suhail,

I was browsing FXCM website, which is obsolete in some areas especially when it comes to UK spread betting. After 2 independent conversations with your consultants I had 2 different answers about spread betting account and Ninja Trader platform. As I said some information is not updated so on some pages it says it's not available and when one tries to open an account this option is available.

So my question would be is spread betting available on NT7?

An excerpt from the conversation:

Quoting 
chris: as far as I know you do not provide spread betting for NT7 platform
chris: NT7 is only available through CFD
chris: is that correct?
FXCM - xxx: I'll check for you. However please note that spread betting and cfd are not mutually exclusive. even spread betting accounts trade non-fx products as CFDs. at FXCM spread-betting simply means tax-free status and does not affect how your trades work
chris: yup that's what I got confused because it does not say in FAQ for spread betting one can use NT7
chris: by the way I do not require NT7 license (got my own)
FXCM - xxx: Okay. I'm double checking with operations, in our notes it says it now works also on spread betting accounts but I will double check
chris: great, please double check and thanks in advance
FXCM - xxx: Thanks Chris! They confirmed that you can indeed have a spread bet account on NinjaTrader

Also pricing mode hasn't changed for SB accounts:

Quoting 
FXCM - xxx: spread betting accounts are on the previous pricing structure like all accounts were previously, spread with a markup added. the new structure of low spread plus commission is not available for spread bet accounts

Can you please confirm that is the case and what are current spreads and session times please?

Thank you,
Chris

Consistency over time
 
  #90 (permalink)
Elite Member
Pittsburgh, PA
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: Forex
 
Posts: 6 since Sep 2012
Thanks: 6 given, 3 received

HDD timezone question


Hello,

I have the FXCM Historical Data Downloader and have a quick question regarding the UTC offset. If I want to download a year's worth of 1M data in EST format, do I need to split it into three downloads to handle daylight savings time? Or is there an easier approach?

For example, for 2014,
-- Jan 1st through Mar 8th is non-dst and as such would have a utc offset of -5.
-- Mar 9th through Nov 1st is dst and should use an offset of -4, and
-- Nov 2nd through Dec 31 is non-dst so back to utc -5.

Its an important question for me since I generate daily bars using EST 5pm as the boundary.

If you could let me know if the above is the correct approach I would appreciate it.

Thanks,
bp


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