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Off Quotes on MT4 Contest November 15th?
Member Since Aug 26, 2010
3 posts
Nov 15, 2012 at 00:15
Trying to trade and keep getting the message "Off quotes".
What should I do now?
thanks
Server : FXCM-USDDemo01
What should I do now?
thanks
Server : FXCM-USDDemo01
The only indicator of currency direction is Price!
forex_trader_32776
Member Since Mar 28, 2011
942 posts
Nov 15, 2012 at 03:24
I've experienced off quotes with FXCM mt4 On Live Accounts in the past. Sometimes you can't close profitable positions.
I couldn't tell you exactly why this broker has off quotes more than any other broker I've ever used.
Having off quotes, would normally mean the price changed but here's FXCM explanation.
http://forexforums.dailyfx.com/automated-trading-platforms-strategy-trader-mt4-fss/231519-mt4-what-does-error-message-off-quotesa-mean.html
I couldn't tell you exactly why this broker has off quotes more than any other broker I've ever used.
Having off quotes, would normally mean the price changed but here's FXCM explanation.
http://forexforums.dailyfx.com/automated-trading-platforms-strategy-trader-mt4-fss/231519-mt4-what-does-error-message-off-quotesa-mean.html
forex_trader_32776
Member Since Mar 28, 2011
942 posts
Nov 15, 2012 at 03:27
Quote from FXCM
""
How do I avoid Off Quotes?
While FXCM continues to make improvements to our MT4 platform, Off Quotes may happen on the MT4 platform in the future due to MT4 technology limitations.
MT4 EA users can avoid Off Quotes if they code their EAs for Strategy Trader - FXCM's automated trading platform built for No Dealing Desk execution. Unlike the MT4 platform, no software bridge or Auto Account Syncs are used. This decreases the time it takes to execute trades and simplifies account management so that you can focus on finding trading opportunities.""
Wow. They blame it on MT4 Technology and suggest to use their proprietary trading platform instead. 😁
""
How do I avoid Off Quotes?
While FXCM continues to make improvements to our MT4 platform, Off Quotes may happen on the MT4 platform in the future due to MT4 technology limitations.
MT4 EA users can avoid Off Quotes if they code their EAs for Strategy Trader - FXCM's automated trading platform built for No Dealing Desk execution. Unlike the MT4 platform, no software bridge or Auto Account Syncs are used. This decreases the time it takes to execute trades and simplifies account management so that you can focus on finding trading opportunities.""
Wow. They blame it on MT4 Technology and suggest to use their proprietary trading platform instead. 😁
Member Since Aug 26, 2010
3 posts
Nov 15, 2012 at 10:16
I closed the FXCM account and quit the contest. This contest and platform stinks! 😂
The only indicator of currency direction is Price!
Member Since Jun 14, 2010
12 posts
Nov 15, 2012 at 17:49
Terrible the platform, very hard to close a trade. Allways Off Quotes.
Member Since Jun 14, 2010
12 posts
Nov 15, 2012 at 18:34
15 tries for close a order, Off Quotes.
Member Since Jun 14, 2010
12 posts
Nov 16, 2012 at 15:21
I found how close the order fast, with a scrip "Cutoff", you can download here
http://codebase.mql4.com/5329
http://codebase.mql4.com/5329
Member Since Aug 12, 2009
243 posts
Nov 16, 2012 at 20:43
Hi Everyone,
If you are getting Off-Quote you can increase the max deviation to reduce the likelihood of it appearing. If you receive the Off-Quote message, it means the market price is different from the price you requested in your order. You can enable max deviation and set it to 10 or 20, which indicates 1.0 or 2.0 pips. This gives you flexibility in case the price has moved when the order is submitted for execution.
See xgavinc's post 2 up for instructions on how to set a default max deviation for every order.
And finally, just a reminder that trading closes today at 21:55GMT and will open again on Sunday at 22:15 GMT.
Have a great weekend!
If you are getting Off-Quote you can increase the max deviation to reduce the likelihood of it appearing. If you receive the Off-Quote message, it means the market price is different from the price you requested in your order. You can enable max deviation and set it to 10 or 20, which indicates 1.0 or 2.0 pips. This gives you flexibility in case the price has moved when the order is submitted for execution.
See xgavinc's post 2 up for instructions on how to set a default max deviation for every order.
And finally, just a reminder that trading closes today at 21:55GMT and will open again on Sunday at 22:15 GMT.
Have a great weekend!
Member Since Aug 12, 2009
243 posts
Nov 19, 2012 at 16:28
Dhymas posted:
Are you Dealing Desk broker?
Hello Dhymas,
FXCM has both No Dealing Desk and Dealing Desk forex execution. So our traders can choose which they prefer.
We recommend No Dealing Desk forex execution to our clients because it provides our best all around trading experience. For traders whose main concern are spreads, we offer dealing desk execution where the spread is about 1 pip tighter than the NDD execution. There are certain limitations to the dealing desk offering which you can view in the comparison chart here http://www.fxcm.com/advantages/forex-execution/compare-execution-types/
Let me know if you have any questions.
Jason
Member Since Jun 14, 2010
12 posts
Nov 21, 2012 at 00:56
Hi:
I made the change ( You can enable max deviation and set it to 10 or 20, which indicates 1.0 or 2.0 pips) and continue the same, don´t close the trades Off - Quotes
I made the change ( You can enable max deviation and set it to 10 or 20, which indicates 1.0 or 2.0 pips) and continue the same, don´t close the trades Off - Quotes
Member Since Sep 17, 2010
40 posts
Nov 21, 2012 at 08:20
(edited Nov 21, 2012 at 08:24)
same problem here, the only way to avoid it is to use limit orders.
edit: after setting the deviation by default in Tools/Options/Trade to 5 pips it is working as it should...
edit: after setting the deviation by default in Tools/Options/Trade to 5 pips it is working as it should...
