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FXLQ and Currenex Day Trading Systems

Yesterday we started testing the live executions on our new, customized trading platform (“Currenex Trading System“). The executions (entry and exit orders) occur on one click; which is much faster than the multiple clicking that’s required when day trading on the MetaTrader (MT4) platform. Unfortunately, we missed the action yesterday morning (London Time) due to […]

Ready For The New Year With Currenex Trading System Too

During the weekend, I was informed that we would be ready to continue trading at FXLQ by today. Today I received an email pushing the start date out to January 20th. I’m pretty upset about this, but at least we are making progress on another front… Live Trading with Currenex Trading System We are already […]

FXLQ – Forex Market Still Waiting

Last Thursday, Brian from FXLQ told me that they were going to have MetaTrader technicians from Europe in their offices on December 27th, 28th, and 29th. These specialized tech’s are supposed to install a final upgrade, which will include an upgrade to FXLQ’s MetaTrader server that should eliminate the execution problems we have been experiencing. […]

MT4 Ping Error

We tried trading again (see associated log in a new window) on the MetaTarder 4 day trading software. The MT4 logs show a few sell attempts on 5 lots of EUR/USD (and one 8-lot attempt). All trades were rejected with a “TradeContext: ping error” that took exactly 20 seconds to come up. FXLQ says that […]

We’re Back Trading?

Today was the first day that FXLQ restored the institutional feed on the trading platform. From what Brian McMahon told me, FXLQ has only a few banks making up the feed right now, but will be adding more liquidity providers (banks, etc.) up to January 1st – when the feed will be “complete.” This should […]

Trading Start Date

Our Internet provider experienced an outage and our phones were down for most of the day.Last week FXLQ told me that we might be trading again by Monday (12/11). Yesterday I was told that trading was pushed back to Wednesday (tomorrow) – and I’m afraid that it might be pushed back again to Thursday or […]

A Glimmer of Hope – New Forex Liquidity Deal

After an unbearable, multi-day period of silence, FXLQ spoke… Actually, one of our clients who’s also a trader [you know who you are], took the liberty of contacting FXLQ to express his concerns about the little incident last Wednesday (11/29). Shortly after that, Brian from FXLQ replied via email. He said that FXLQ is in […]

No Action Part II – Still Can’t Trade

It’s difficult just to sit back and watch the forex market move without being able to take advantage of it. The trader just sent me the log of Wednesday’s trades. I want to concentrate on a section of the log that shows 13 straight attempts to get out of a position! (one of the problems […]

No Action – Can’t Trade

Account still disabled. Can’t day trade. Still waiting for FXLQ’s phone call. I will keep you informed regarding the status of this new adventure.

David and Goliath in the Forex Market

You know the story of David and Goliath, right? If you don’t, Google it! Today reminds me of that story. Let me explain… Everything started well. Profits were good, the sun was shinning, the sky was clear, and then…without warning…Goliath reared its ugly head. The account was disabled! Yes; after 10 AM New York time, […]