Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
Free Resources
Register


Results 1 to 2 of 2

Thread: Market range with slippage

  1. 03-30-2010, 06:58 PM #1
    molech2323
    molech2323 is offline Member
    Join Date
    Oct 2009
    Posts
    7

    Market range with slippage

    I have Active trader acc with You and would like to use my soft via fix API connection.
    I have question. ON Your level 2 platform when I do Market orders with slippage are they converted later to Limit orders before execution?

    I would like to have same order type with slippage my FIX api in my soft as on Your Level 2 GUI platform market with slippage . So what orders should I use in Fix soft , Limit orders to imitate market with slippage or market orders with some function for slippage ?

    If You can please help.

    I wait for reply
    Reply With Quote Reply With Quote
  2. 03-31-2010, 10:27 AM #2
    Daniel Alcarraz-Morales
    Daniel Alcarraz-Morales is offline Member
    Join Date
    Jul 2009
    Posts
    210
    Quote Originally Posted by molech2323 View Post
    I have Active trader acc with You and would like to use my soft via fix API connection.
    I have question. ON Your level 2 platform when I do Market orders with slippage are they converted later to Limit orders before execution?

    I would like to have same order type with slippage my FIX api in my soft as on Your Level 2 GUI platform market with slippage . So what orders should I use in Fix soft , Limit orders to imitate market with slippage or market orders with some function for slippage ?

    If You can please help.

    I wait for reply
    If you want to do market orders with slippage on our Active Trader platform, you have to send stoplimit orders with the stop and limit set to prices which reflect the maximum slippage you are willing to tolerate.
    FXCM Programming Services is able to leverage its experience and expertise to help clients implement their automated strategy designs on platforms such as ESignal, TradeStation, MetaTrader, among others, upon request.
    Reply With Quote Reply With Quote
« Previous Thread | Next Thread »

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.