A Complex OCO order allows you to manually 'link' together two or more orders from different currency pairs. You can create a Complex OCO order with the following steps: Create two or more Pending/Entry ordersRight click in the Orders window…
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RSI – “Relative Strength Index” This shows the price strength by comparing upward and downward close-to-close movements. RSI will grade the price movement exhibited between candles for the last N periods. MACD – “Moving average Convergence/Divergence” A trend-following momentum indicator…
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A Simple OCO order allows you to create two 'linked' entry orders in the same currency pair. To create a Simple OCO order, simply follow these instructions: Click on “Trading” -> “Orders” -> “Simple OCO”.Enter your parameters and select “OK” to enter…
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You may choose to use the Multiple Stops and Limits Strategy Application, offered by FXCM Apps, to scale out of an open trade. The Multiple Stops and Limits Strategy can attach up to three stops and three limits to individual…
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MVA – “Simple Moving Average” This moving average gives you the average price for the last N periods. This can show the distance that current price action is away from the average price over those last N periods. EMA –…
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The following indicators can show the trend: HA – “Heikin-Ashi” This indicator helps to identify trends and trend changes more easily. Heiken-Ashi modifies the traditional Japanese Candlestick by sending the open and close values of a trade through a calculation…
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The following indicators are used to view trend strength: ADX – “Average Directional Index” This indicator determines the strength of a prevailing trend. It is important to note it provides a reading for strength of a trend, but does not…
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The example below shows how to calculate the value of 1 Pip for one 10K lot of EUR/USD where the base currency of the account is USD: Start with 10,000. Multiply 10,000 by .0001 since 1/10,000th is a pip for…
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To see the margin requirement for a specific trade, it is best to use Trading Station. Click “Entry” at the top of the platform and adjust the amount (K) to your preferred trade size. The “USD MR” number will display…
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P/L is your Profit or Loss in Pips. Gross P/L is your Profit or Loss in your base currency. Net P/L is your Gross P/L with commissions and interest. Day P/L is your Profit or Loss in your base currency…
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You can place an Entry order with the following steps: Right click on the currency you wish to trade from the Advanced/Simple Dealing Rates windowClick “Create Entry Order”. Set up your trade in the “Create an Entry Order” windowClick “OK” to…
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An "At Market" order is an order type that provides execution certainty. This is because you are not limiting the order to specific prices. Simply, you are requesting to enter the market at the best available price. To place an…
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