hey guys,
I am using FXCM and downloaded Metatrader 4. One thing i noticed is the data for back testing is spotty and incomplete. Upon inquiry, the FXCM help told me i needed to pay 500$ to download the data app. Is there a way i can get this back testing data for free? I really don’t want to pay for old information if i can avoid it.
Thanks
Hi Cyris,
If you need FXCM historical data, one alternative to paying $500 for the Historical Data Downloader (HDD) is to fund a live FXCM account with $5000. That way you can get HDD for free.
Trade with a good broker. There are service providers who offer this for free, just google it.
Yes FXCM is clearly a scam. Metaquotes will give you data for free. What do you have to say about this 500$ data scam FXCM rep? I stopped using your company because of this.
[QUOTE=“cyris426;627329”]Yes FXCM is clearly a scam. Metaquotes will give you data for free. What do you have to say about this 500$ data scam FXCM rep? I stopped using your company because of this.[/QUOTE]
They are not. A good company have been with them almost 2 , The reroute prices as well
I know you can give them money, make money, and then get it back. But what about the fee on data? Id like the rep to explain it…
Hi Cyris,
There is a limit to how much price data can be stored on a server.
FXCM makes sufficient data available on our MT4 platform to address the needs of most of our clients. Traders who require even more historical data for back testing can download MetaQuotes data for free as you mentioned.
Though as you already seem to appreciate, there can be additional value in having live executable rates such as we provide through our Historical Data Downloader. HDD allows you to backtest using real prices going back over 10 years.
FXCMapps.com charges a one-time fee for HDD, because there is a cost to us is storing this information which increases each time more new data are added. However, this fee can be waived for clients who deposit at least $5000.
Jason