FXCM Announcements

Thanks Jason, but a friendly chat and friendly email, and I am back in business!

Now can you tell me how to make profit every day! :53:

Thanks for the update, PT! I’m glad to know that’s sorted.

I’ll have to get back to you on that. Struggling to get on the right side of JPY this week. :30:

I will be out of the office until Tuesday, August 9th and will respond to your posts and private messages when I return.

For immediate assistance, you can contact our 24-hour live customer support.

Hi Jason, not sure if you can assist or advise…I signed up to the FXCM demo mirror trader account however the platform does not seem to operate on Mac OS 10.0.5. Is there software limitations for mirror trading accounts?

Thanks.

Ravs

Hi Ravs,

The Mirror Trader platform is flash-based. It should run on your web browser as long as you have the latest version of Adobe Flash.

If you have the latest version, please let me know more about the error you get on your web browser when you try to log into Mirror Trader.

Attention Trading Station Desktop users: A new update is available for your platform.

This update is not yet automatic when you log into your account, but clients who want to use the latest features now can get the new version today. Simply go to “Help > Software Updates” from the menu bar at the top of your Trading Station and follow the steps to complete the installation.

One of my favorite new features is the Simulation Mode. This allows you to replay market data at real or accelerated speed (for example, 10 times real speed).

The best part is that Simulation Mode is available 24/7 even during weekend maintenance. This is great for traders who like to do their charting, practicing and strategizing over the weekend when trading is closed. Test how well you would have traded key market moves from the past!

In future posts, I willl provide you with more information on other new features available in the latest version of Trading Station Desktop.

Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

Now thats an awesome idea. Great job to all at FXCM. I am sure this will come in very handy when trying to develop new trading strategies.

I do have a question about the web based platform. I was trying to make something out of the same concept as this trading setup linked below where you set 2 of the same moving averages but one is lagged behind a candle. Is there a way to set this up using the web based platform. I was trying to develop a scalping method similar to the method in the link

http://forums.babypips.com/free-forex-trading-systems/80124-ribbon-system.html

Thanks Bob!

Regarding this system, the documentation is 23 pages long. Was there some particular difficulty you ran into when trying to implement it on Trading Station Web?

What I was looking to do is on the first post of that thread. In the post they have 2 6 period moving averages 1 is set to 6-0 which I assume is just a 6 period moving average but the other is set to 6-1 which appears to be a 6 period moving average but it lags current price by 1 period. I could just use a 7 period but it would be off a little for what I was attempting to do. Was going to develop a scalping strategy using a similar concept.

Hi Bobmaninc,
Can you not also use the Alligator indicator on the web-based Trading station as I described in response to your query on the Ribbon thread for the Marketscope platform?

Jason:
The ribbon is formed from a combination of a normal MVA and the same MVA shifted forward +1. It is this “shift” indicator that no longer appears on the Trading Station (although it can still be found as a custom ind). But if it cannot be found then the Alligator indicator contains shift settings and can be adapted to replicate exactly the same result.

In the Ribbon pdf, the ribbon used is based on two 6-period MVA where one is shifted +1 bar. But the same principle can be used with any kind of line, turning it into a ribbon, and for this reason the availability of the “shift” indicator would be useful for both Web and PC versions.

Only a little, I think. It certainly shouldn’t be so different as to make the method unprofitable rather than profitable.

Another possibility might be to try a 6-period [I]exponential[/I] or [I]weighted[/I] MA as the “faster” line and a 6-period [I]simple[/I] MA as the “slower” one. I haven’t actually tried it, but I’d think that would also be pretty similar?

Yeah like I said its not abig deal I can just use a different moving average but was wondering why you cant shift the moving average. I didnt think about the alligator though when the system comes back online tomorrow I will give it a shot and update my desktop version at home so I can use the simulation mode. I am not a scalper so coming up with a scalping method should be interesting lol

Thanks for the clarification and suggestion, Manxx :slight_smile:

Related to Manxx’s suggestion of using a custom indicator, I search on FxCodeBase.com and found a couple of apps you can use to shift indicators including moving averages:

[ul]
[li]FXCodeBase.COM: Forex Chart Indicators and Development • View topic - Shift_I & Shift_O
[/li][li]FXCodeBase.COM: Forex Chart Indicators and Development • View topic - Shifted
[/li][/ul]

I am also following up with our Trading Station developers and will let you know if they respond back with other alternatives for you.

I knew you could do it man never any doubt. I even tried the simulation mode and it works pretty well. I learned the way I have my platform setup is not scalper friendly lol. I also noticed when entering a trade on simulation mode there is no where to place stops or take profits. It could just be the I didnt find it as I didnt spend a lot of time on it but really cool either way. I am sure it will come in handy

Thanks, Jason, for the notice! I tried the Simulator and it is very useful! :slight_smile:

The fact that you can replay actual market movements at fast-forward and then manually pause it to enter and exit trades according to one’s trading strategy, and see the effects on the simulation’s P/L is brilliant! Not only is it great for testing strategies, but it is a superb way of learning to trade “hands-on” - similar to a demo account but with up to 10x the speed, which means one can rerun the same periods over and over whilst optimising a strategy.

…and brilliant that these can be run over the weekend whilst markets are closed and there is time to concentrate of checking and developing one’s strategies - thank you FXCM for this!

It would be nice if FXCM could also offer some better templates for setting up parameters for automated backtesting on the Simulator as well. The available ones at present seem quite basic - or have I simply not found them?

Thank you both for your feedback on the new Simulation Mode on Trading Station! I’m sharing it with our developers and will let you know their response to your comments and questions.

With the recent Trading Station Desktop update, you can now draw arrows on your Marketscope charts.
(To update your platform to the latest version, go to “Help > Software Updates” from the menu bar.)

To create an arrow:

[ol]
[li]Right-click on your chart.
[/li][li]Select Add Tool from the pop-up menu.
[/li][li]Select Arrow Up, Down, Left or Right.
[/li][li]Customize your arrow color and other setings in the Properties window and click OK.
[/li][/ol]

[ul]
[li]You can change the shape of an arrow by first left-clicking on it to select it, and then left-clicking and dragging on one of the 4 points that appears in the outline.
[/li][li]You can modify or delete an arrow by right-clicking on it and selecting Change or Remove from the pop-up menu.
[/li][/ul]

Please let me know if you have any questions or comments on the new features added to Trading Station Desktop.

Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

You can set stops and limits in Simulation Mode just as you can in real time. Since you live in the US, your account must set stops and limits in a FIFO-compliant manner. That means you can net stops and limits (as opposed to attaching stops and limits to individual tickets as you can with FXCM UK accounts) and these will appear in the Orders window.

Hmmm I will try again tomorrow but when I right clicked on my chart selected create market order there was no option for stops on limts. I understand the fifo rule and that would not of made a difference. Might hav been user error so I will check again

Is there a way to get an older version of the Trading Station software? Unfortunately when I updated this morning and opened my charts, the program continually crashed. I found out (or at least it appears) its due to Renko charts. I use that primarily for trading and now am kind of dead in the water.