USDX

[SAJ8Q]

Hi,

I have been following ICT tutorials and am now in a position where I want to demo trade. I downloaded MT4 from both alpari and forex.com but found that they do not support USDX charts. I would be very grateful if someone could advise?

Regards,
SAJ8

 

[thegogetter]

SAJ8Q,

Use MT4 from Forex Ltd for USDX as used by ICT: http://www.forexltd.co.uk/trade/mt4

A few of his followers also use the US Dollar Index as provided by FXCM.

The make up of USDX and US Dollar Index is different.
Here's a relevant info from another post in this forum:

FXCM USDOLLAR: http://en.wikipedia.org/wiki/Dow_Jones_FXCM_Dollar_Index
25% - Euro
25% - Pound
25% - Yen
25% - Aussie


USDX: http://en.wikipedia.org/wiki/U.S._Dollar_Index

Euro (EUR), 57.6%
Japanese yen (JPY) 13.6%
Pound sterling (GBP), 11.9%
Canadian dollar (CAD), 9.1%
Swedish krona (SEK), 4.2%
Swiss franc (CHF) 3.6%


USDX is actually a future's contract itself, though rather lightly traded. The 57.6% Euro weighting is due to the combination of all of the Euro countries from when the Index was first created.

 

[Computater707]

ICT uses FX Ltd from UK as his reference for USDX a USD account will include it. Some of the Aussies here use a FXCM AUD demo which includes USDOLLAR.

 

[SAJ8Q]

Thanks. I will give FX Ltd a go and will keep you posted.

 

[sqa]

ICT uses FX Ltd from UK as his reference for USDX a USD account will include it. Some of the Aussies here use a FXCM AUD demo which includes USDOLLAR.

What he said. Though USDOLLAR is a chart of FXCM's own creation.

USDX is just the Cash Chart for the Future's contract. There are a few places with the Future's contract data as well. All work roughly the same.

 

[Ganza]

so what is the USD Index that widely used by traders? from FXCM?