Anyone Trading FAP*** with FXCM , Please Help Urgent

[progressapama]

I am having some problem with Opening trades with FXCM ( 5 Digit broker) due Spreads comparison While Alpari UK works fine. I checked the logs

 

 

2009.04.21 00:03:48 Test-FAP-PRO EURGBP,M15: Current spread = 0.00069, MaxSpread = 0.00050

2009.04.21 00:03:48 Test-FAP-PRO EURGBP,M15: Trade signal is missed due to invalid high spread.

 

 

While the Spreads is 3.2 pips == 0.00032

 

I am suspecting FXCM handles the 5th Digit Differently. I checked the Code but it seems that FXCM is handling it differently . It is Similar to the code below ( just changed the names )

 

string CurrentSymbol;

int Dig1;

double SymbolDecimal;

double MaxSpreadAllowed;

double MaxSpread = 5.0;

 

 

 

int init ()

{

 

CurrentSymbol = Symbol();

 

if (Digits < 4)

{

SymbolDecimal = 0.01;

Dig1 = 2;

}

else

{

SymbolDecimal = 0.0001;

Dig1 = 4;

}

 

 

MaxSpreadAllowed = NormalizeDouble(MaxSpread * SymbolDecimal, Dig1);

 

return(0);

 

}

 

 

 

 

Start()

{

 

 

if ( NormalizeDouble(Ask - Bid, Digits) <= MaxSpreadAllowed)

{

// Open trade

}

 

return(0);

 

}

 

 

The PROBLEM is That is does not Open a TRADE even if the Spreads are LOWER than the MAXIMUM Spreads e.g

 

If the Spread of that Currency Pair at that time is 3.2 Pips == 0.00032 and the Maximum Spread assigned by me is 5 pips == 0.00050 . It will check but Will not open a Trade after going through the process and it will log the above message While i can see that the Spreads are OK. All this occurs during the That defined Trading Session

 

Is there Something i need to Tweak or Change to use it with FXCM . Any Help

 

 

On their Website they say that

 

"Some FAP settings need adjusting when using with brokers quoting with 5 digits: Take Profit = 250 Trailing Stop = 200 Slippage = 30 For brokers using 4-digit price quotes (for example Alpari and InterbankFX) use the default settings provided with Forex Autopilot, or the optimised FAPTS settings. "

 

I am only using the SCALPING PART in this EA

 

does that Mean that i have to change

 

extern int Scalper_SlipageInc = 3;

extern double Scalper_MaxSpread = 5.0;

 

To

 

extern int Scalper_SlipageInc = 30;

extern double Scalper_MaxSpread = 50.0;

 

 

Also Does it mean just to Leave the Code as it is and just adjust the above settings and every thing should be OK

Thank you Very Much

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

Is there anyone with an idea of how to modify settings for FAPTURBO Pro 45 for FXCM or 5-DIGIT BROKERS. i have demo account with Alpari-UK and it works fine but when i try to use it on FXCM Live account it does not OPEN any trades bcos it says the Spreads are too high while i can see that the Spreads are actually Lower than the Maximum Spreads.

 

Are there any Settings i need to Change for a 5-Digit Broker like FXCM

 

Any Help PLEASE PLEASE

[jackdan]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

i quote from their forum, a post from one of their mod's:

"

FAPTurbo is not confused by 5 digit quotes at all-- infact i think the majority of brokers are using them now- and my own account uses 5 digits with no problem.

 

When calculating the number of pips in 5 digit quotes you should always divide by 10 to get a figure like 13.7, not 137 (or disregard the last digit for quick calculations and just pretend there are only 4 digits- not spot on accurate but good enough most of the time).

 

"

 

another one:

 

"There is no need to change your settings.

 

FAP Turbo automatically adjusts itself for 5 digit bokers. The instruction pdf makes this very clear.

 

I use 5 digit brokers without any problems."

[caillie]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

i quote from their forum, a post from one of their mod's:

"

FAPTurbo is not confused by 5 digit quotes at all-- infact i think the majority of brokers are using them now- and my own account uses 5 digits with no problem.

 

When calculating the number of pips in 5 digit quotes you should always divide by 10 to get a figure like 13.7, not 137 (or disregard the last digit for quick calculations and just pretend there are only 4 digits- not spot on accurate but good enough most of the time).

 

"

 

another one:

 

"There is no need to change your settings.

 

FAP Turbo automatically adjusts itself for 5 digit bokers. The instruction pdf makes this very clear.

 

I use 5 digit brokers without any problems."

 

Who are your brokers?

[jackdan]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

remember, my post say: quoted from their forum..

 

I personally traded fap on fxopen that is 5 digits without any problems.

 

I read also this about that broker:

Wow HZ... I was just about to contact FXCM myself about the "off quote" these past couple of days. Thanks for posting what you found out. I am live w/ these guys and have had only one trade yesterday and only one today... in fact my journal showed a total of 9 'off quotes' today (Weds). I'm like what the hell is going on... my other two demo accounts (one w/ FXDD and the other Forex.com) had some great trades these last two days. Now I'm not sure what to do. Should I give this broker a little more time this month or switch to a live acct with one of the other two I'm demo-ing with? Forex.com has been the best thus far on demo.

 

I see that FapT Mike's acct on the website had a few good trades these past couple of days (Jan 6 & 7), and they were more than just one trade. Mike if you read this, are you having any problems w/ FXCM with 'off quotes" as well? I wonder how come his acct made more trades than min

[jackdan]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

more of the same:

 

 

* Report this post

* Reply with quote

 

Re: FXCM

 

New postby cd.1963 on 10 Apr 2009 14:56

Hi,

 

I've had a few "Offquotes" and "Locked"; called FXCM and they suggested I turn off the Meta4 Platform and reload it; did that and it cleared the problem for me...

 

They also suggested that I Enable a Maximum Deviation to allow the trade to be processed.

 

I have my maximum deviation from quoted price at 2 pips which I believe is .2 pips because of the 5 digits used by FXCM to allow a little bit of room for the orders to process (this is what we're going to try, only been "Locked" once in hundreds of trades so hope this helps); my other ea only goes for 4 pips take profit, so entering maximum deviation too high would defeat the whole purpose of that trade...

 

cd :)

 

 

Can you have a look to your journal, or expert tag and tell us?

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

more of the same:

 

 

* Report this post

* Reply with quote

 

Re: FXCM

 

New postby cd.1963 on 10 Apr 2009 14:56

Hi,

 

I've had a few "Offquotes" and "Locked"; called FXCM and they suggested I turn off the Meta4 Platform and reload it; did that and it cleared the problem for me...

 

They also suggested that I Enable a Maximum Deviation to allow the trade to be processed.

 

I have my maximum deviation from quoted price at 2 pips which I believe is .2 pips because of the 5 digits used by FXCM to allow a little bit of room for the orders to process (this is what we're going to try, only been "Locked" once in hundreds of trades so hope this helps); my other ea only goes for 4 pips take profit, so entering maximum deviation too high would defeat the whole purpose of that trade...

 

cd :)

 

 

Can you have a look to your journal, or expert tag and tell us?

 

Did you change anything on the Settings. Please can you post your settings FAP**** with FXCM if you don't Mind . i have tried everything it does not seem to open any trade even when the Spreads are way lower than the Maximum Spreads

[jackdan]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

remember, my post say: quoted from their forum..

 

 

I DO NOT TRADE WITH FXCM.... I ONLY COPY AND PASTE FROM THE FAPTURBO FORUM....

 

 

I QUOTE FROM THE FAPTURBO FORUM....

 

 

start instalation from scratch.... everything, metatrader included, and check if updated.... and install the 36c version, NOT V44 and V45, look if v36c trades... not the v44 or v45

 

 

if v36c trades, than you know where the problem is... v36c i all automatic...just need to setup gmtoffset and lrr setting- ell me if v36c trades. . NOT V44 or V45...

 

ok

 

By the way, did i mention NOT to install V44 or V45, but the v36c version??

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

remember, my post say: quoted from their forum..

 

 

I DO NOT TRADE WITH FXCM.... I ONLY COPY AND PASTE FROM THE FAPTURBO FORUM....

 

 

I QUOTE FROM THE FAPTURBO FORUM....

 

 

start instalation from scratch.... everything, metatrader included, and check if updated.... and install the 36c version, NOT V44 and V45, look if v36c trades... not the v44 or v45

 

 

if v36c trades, than you know where the problem is... v36c i all automatic...just need to setup gmtoffset and lrr setting- ell me if v36c trades. . NOT V44 or V45...

 

ok

 

By the way, did i mention NOT to install V44 or V45, but the v36c version??

 

 

I have V44 and v23 and also V45 but i have not started using the V45. I don't have V36. Both V23 and V45 can't seem to Open Orders. According the forum they say that it should be Ok with V45 or V44 is that True

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

I have tried everything to make FApturbo v44 or v45 to trade on FXCM but it does not Open any trades for 5 days even though the Spreads are lower than the Maximum Spreaads during the Fapturbo Trading Session.

 

Any help Please. Anyone who trades with FXCM. please can you post your settings that work with FXCM

[sam_konna]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

I have tried everything to make FApturbo v44 or v45 to trade on FXCM but it does not Open any trades for 5 days even though the Spreads are lower than the Maximum Spreaads during the Fapturbo Trading Session.

 

Any help Please. Anyone who trades with FXCM. please can you post your settings that work with FXCM

 

It means FXCM don't allowed FAPTurbo to run at they're platform.

 

Some Crap Broker don't allowed this EA too.

 

Try using another EA like Robominer, etc ...

 

FXCM is not like the old days now since Kathy & Borris leave it those damn companies, better you becarefull for those Broker now (FXCM).

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

I have tried everything to make FApturbo v44 or v45 to trade on FXCM but it does not Open any trades for 5 days even though the Spreads are lower than the Maximum Spreaads during the Fapturbo Trading Session.

 

Any help Please. Anyone who trades with FXCM. please can you post your settings that work with FXCM

 

It means FXCM don't allowed FAPTurbo to run at they're platform.

 

Some Crap Broker don't allowed this EA too.

 

Try using another EA like Robominer, etc ...

 

FXCM is not like the old days now since Kathy & Borris leave it those damn companies, better you becarefull for those Broker now (FXCM).

 

 

They would not know that it is FAPTurbo because i have removed the Order Comment so that the Order is sent without StopLoss or TakeProfit and no Order Comment

and everything is internal. The only thing they would see is a market order and no more information

 

Everything else is being Done internally on my PC ( by the EA) and when the conditions are right it sends the Order. I have also made sure that it is trading a different TIme frame that is Profitable. Remember that once the brokers see a lot of same orders coming in at the same time they will simply raise the Spreads to Counter that. But when you trade during Main Sessions they can't raise the SPreads because they will loose customers in mass and they will not have a reason to say that the liquidity is not available during the Main sessions London, NY and Asian

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

Please anyone out there who trades FAP**** version 44 or 45 with FXCM and has his settings please can you post them. Also if you have made any changes in order for it to work with FXCM. Please list the changes.

 

I have treid everything with FAP***** to Open trades with FXCM for a whole week but nothing. WHile my others accounts with Alpari UK, FXDD, and ODL are Fine and doing Great and Opening Trades.

 

I need Help please guys

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

Hello Guys,

 

Which MT4 brokers is the best for trading FAP*** in USA . I am Thinking of even closing my account with FXCM if i can not get the FAPTurbo working with FXCM.

 

Which are the Best Suggested MT4 Brokers for trading FAP**** . Possibly as you know they have low spreads and are Registered most likely with CFTC and NFA in USA.

 

In General a SAFE Broker who is well established.

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

A quick Question:

 

HOw is FAP**** members forum. I am probably thinking of purchasing a copy just to get to the Members Forum and see if i can get any help but if it is worthless then i won't waste the money.

 

 

Let me know

[progressapama]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

A quick Question:

 

HOw is FAP**** members forum. I am probably thinking of purchasing a copy just to get to the Members Forum and see if i can get any help but if it is worthless then i won't waste the money.

 

 

Let me know

 

Anyone?

[jackdan]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

A quick Question:

 

HOw is FAP**** members forum. I am probably thinking of purchasing a copy just to get to the Members Forum and see if i can get any help but if it is worthless then i won't waste the money.

 

 

Let me know

 

Anyone?

 

 

sorry, i didn't see your question (should have pm me) . well, to be honest, i am really surprised about

how good is fapturbo forum. really nice and helpfull poeple there willing to make it better and better

settings. Actually, the pro version came out from a lot of request on the forum.

 

so, from that point of view, i recommend it!

[DragonTrader]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

Dear progressapama,

I think if you buy FAPT original, in the forum many traders use FXCM too eventhough they are not as much as Alpari. They have good forum so why dont you just post your question there...

I use FXCM for fapt, and it open trades but because this weeks the market is too valatile it got some loss. But my friend use it FAPT at fxcm from december and he said he got about 200-300% profit untill now besides losses in this bad week.

[ross123]

Re: Anyone Trading FAP*** with FXCM , Please Help Urgent

 

I wouldn't bother trading with Fap on FXCM. I did with the original version and did get at first right trades copaired with demo alpari and then suddenly it started to trades the opposit direction in comparison to alpari thus lossing trades. I stopped trading with FXCM. these guys know how to F..k your account using EA's.

Ross.