Strategy Consulting

As a leader in the retail currency trading markets FXCM Programming Services is able to leverage its experience and expertise to help clients implement their automated strategy designs on platforms such as TradeStation, MetaTrader, and other platforms upon request.

Automated strategies are useful for both seasoned and novice traders alike. Clients often favour trading certain currencies, types of markets, or times of day. An automated strategy allows a program to trade what and when you don’t want to. As an example, if you prefer trading range bound markets, develop a trending strategy to compliment your style. Additions like this can make a traders overall approach more complete.

FXCM’s team of expert programmers can take your trading concepts and implement an automated strategy in the language of your choice, on the platform of your choice. With the assistance of FXCM Programming Services a lack of programming experience is no longer a barrier to the rapid development of your automated strategy.

Consider the following benefits of using automated trading strategies in the FX market:

• Automated strategies lack emotion when trading.
  
  
• Trading using predefined programmed rules allows virtually instant decision making in active markets.
  
  
• Defining set ways to manage money and risk allows a trader to maintain discipline.
  
  
• The 24 hour a day nature and deep liquidity of the FX market lends itself well to technical trading.
  
  
• An automated strategy never sleeps, has to go to work, or needs to step away for lunch. It runs until its turned off.

In order to obtain a strategy consulting quote, please submit your specifications via the RequestFor Quote (RFQ) form. If you have any specific questions or concerns about a consulting project feel free to ask a question via this forum or to contact us at consulting@fxcm.com.

Programming Services,

I have a strategy that I do not want to share with the rest of the world. If you code my strategy, will you keep it private? How will I know this?

Thanks, Carri Trade

Carri Trade

We take our client's intellectual property seriously. The consulting agreement clearly outlines the rights of Programming Services and the client. For clients concerned about confidentiality before they divulge their strategy, we provide a mutual non-disclosure agreement for both the client and us to sign up front.

I have a set of rules that I use to trade, so in a sense I am system trading. The thing is, I want the ability to make the final decision before entering a trade. Is there a way to "grey box" a strategy so that I get signals but have the ability to make the final decision on these signals? I feel like I often miss my best opportunities, and end up getting in on the bad trades of my system.

YES! Deffinitely! One thing that people overlook is the fact that they can use EA's to email themselves alerts. This can even be set up with most phones. That way clients can always be aware of when their signal triggers, then choose whether or not to take that signal. This allows you to manual trade are optimum times without having to stare at your charts 24 hours a day.

Currently I have a strategy I use with another broker. It does not seem to work with FXCM, the logs show it trading lots that are 10 time larger and the stops and limits are 10 times less far away. When I try to trade 2 mini lots it trades 20, and when I try to take 30 pips profit, it takes 3 pips profit. Is my strategy incompatible with FXCM?

Yes, I have seen these issue before. The take profit issue is often caused when strategies are coded in such a manner that do not account for fractional pips. The lot issue is caused when the strategy does not allow for the customization of lot size. Both of these can be quite easy to variablize. Please contact consulting@fxcm.com if you would like Programming Services to add these features to your current strategy.