Thread: FXCMs quotAT BESTquot For News

Yep, I understand they imply true market order. . I only wanted to see if anybody has suckered up to it. . I simply cant get it done. . I know or feel they would benefit from me. . Particularly that Ive taken within the last few months from them. .

Originally Posted by ;

we had a discussion about this a while ago: https://www.forexforum.co.za/general...appointed.html

at best is only another phrase for a market order. If you dont know this, the most valuable thing you can for your trading eduion would be to figure it out.

Did this occur a lot longer AFTER the upgrade around 8/10 - 8/11? Thats mainly what im interested in. .

Appears they are forcing individuals to the At Best choice. .

Originally Posted by ;

AT BEST == slide me without a winner

So, easy.

I am testing FXCM about the news spike that the previous 3 months (I have spare autoclicks and all my orders are rejected with a few of the following error messages:

Market Moved
Out of bandwidth
Cannnot Locate quote
Quote Not Found

To be precise I go registered only after the previous 3 months... July 13th, rather than BUY my applications clicked SELL (this is the definition of this news spike trading).

The funny thing is that FXCM advertises themselves as the superior news trading broker, they even enhanced their platform to encourage one click orders (auto clicker applications friendly) but they fail to executed the orders.

Do not waste your time with FXCM if you only exchange the news spike.

Yes, it began happening after the upgrade.

Originally Posted by ;

Can this happen a lot more AFTER the upgrade around 8/10 - 8/11? Thats mainly what im interested in. .

Seems they're forcing people to the At Best option. .

I don't have any expertise with FXCM, but its not a brokers(FXCM or some other firm) job to fill people on news-spikes and cover them free cash. Those news-candles look yummy, but trying to exploit news-spikes with autoclicking is futile. Bellow I attached a screenshot of a bid/ask tick-print of a multibank-platform in the months NFP. Since you may see the prices spiked up 35 pips without a single tick. FXCM simply reflects whats happening in their banking partners quotes. Its not their fault, they cant fill you if there is nothing that they could fill you with.

Originally Posted by ;

I'd like to find poeple's opinions from those that have attempted the AT BEST option on News Trades.
If you've used it, what news occasion did you utilize it and was your fill expected or beyond belief. I havent used it yet, but since they updated their software beginning August, it's been hard to get fills...

Please do share your own experience. .

Thanks ahead of time,
Cheezehead

I did attempt it live once, couple of days after they began this feature.
I did commerce NZD Retail Sales with autoclick, price was at 0.7515 when clicked sell.
Got implemented at 0.7441!!!!
The reduced price on platform was 0.7469.
I did a conversation with them, they did repay me all what I lost.
They stated this was the best available offer at that time!!! and there was no liquidity.... They did apologies, and refund me after 2 days.
Since then I never did attempt it again.

Originally Posted by ;

I don't have any experience with FXCM, but its not a brokers(FXCM or any other firm) job to meet folks on news-spikes and pay them free cash. Those news-candles look yummy, but trying to exploit news-spikes with autoclicking is not useless. Bellow I attached a screenshot of a bid/ask tick-print of a multibank-platform from this months NFP. As you may see the prices spiked up 35 pips without a single tick. FXCM just reflects whats happening in their banking partners quotes. Its not their fault, they cant fill you if there's nothing that they can fill you with.

The pb is not not getting stuffed during news, it's getting full of price that not existed the actual market.

For instance, noone may have entered in a situation inside this 35 pips openings that's evident, but with At best order you'll be able to get fill irrealisticaly @ 100 pips since the order book was empty for instance.

I say irrealisticaly since the counter part probably does not exist anyhow inside the broker possess order book.

It should be interpreted as:

FXCM's'AT BEST' for news = Traders'AT WORSE' for news.

[quote=shrike;1591447]trying to exploit news-spikes with autoclicking is unworthy.

I don't know the above remark. Futile? Really? Well, if earning $1700 on the previous NFP is futile, I will certainly take it. I get loaded on spikes several more times than not, and make far more money doing that than trading after the spike. So I am not sure you have your information right.

Anyhow, no big deal and I love shrike's remarks, but I wanted to give my very own to promote those that are trying to make money on the spikes. It can be done, and there's absolutely nothing wrong with it. Capitalism at it's best...

For what it's worth.

TC, I agree with everything you said. . In reality, the other comment about blowing your account out with news. . It wont happen if you handle it well. . I manage mine. . Just wont let it happen. .

[quote=TC East;1596042]

Originally Posted by ;

trying to exploit news-spikes with autoclicking is futile.

I do not understand the above comment. Futile? Really? Well, when making $1700 on the last NFP is futile, I will certainly take it. I get loaded on spikes many more times than not, and make way more money doing this than trading following the spike. So I am not sure you've got your information right.

Anyhow, no big deal and I love shrike's comments, but I wanted to present my very own to encourage those that are attempting to earn money on the spikes. It can be achieved, and there's absolutely nothing wrong with it. Capitalism at it's best...

For what it is worth.

Hi TC

Really, pleasant to hear of such positive remarks for news trading. Are you using FXCM to produce these profits for spike news trading? In that case, what are you doing please?

Due



[quote=TC East;1596042]

Originally Posted by ;

trying to exploit news-spikes with autoclicking is futile.

I do not know the above comment. Futile? Really? Well, if earning $1700 on the last NFP is futile, I will certainly take it. I get loaded on spikes many more occasions than not, and make far more money doing that than trading following the spike. So I'm not sure that you have your info correct.

Anyhow, no big deal and I appreciate shrike's remarks, but I needed to give my very own to encourage the ones that are trying to earn money on the spikes. It can be done, and there is absolutely nothing wrong with it. Capitalism at it's finest...

For what it's worth.