This would likely cost money, not make money. Having an MT4 distribution would mean being a customer of metaquotes (not 100%sure about that yet). However, that may not be correct. Some brokers become metaquotes customers to have their programmers install a full implementation of the mt4 software from the client terminal to the server side(typically employed by bucketshops). This doesn't rule out ECN brokers from using metatrader, MT4 can handle the variable spreads, but it is mainly customized for dealing desk brokers. However, a person proficient in VC++ and using the MT4 APIs can provide link between the two. Here is the main scoop on these two pages: http://www.metaquotes.net/forum/2861/
Supposedly some ECN are doing this, but they are hard to find. Questionable. The fact is that it is possible, the APIs are available, but nobody has done it yet, not in the TRO fashion at least. Meaning coding it up and putting it out there for the average trader to find. (there are lots of people looking)
How much development support would mbt/EFX provide? I don't know. But it's a little like Apple choosing cingular as their only Iphone service provider. People who use the TRO_MT4 package will be using EFX. This includes new traders who find and use your software for the first time, and old traders switching from TS or Esignal. This is an incentive for them to cooperate.
I don't know much about coding, but here is some info on the APIs.
http://www.metaquotes.net/metatraderapi/
edit:
another interesting link: http://www.ztradefx.com/MetaTraderBridges.php
look at this
* The client makes a trade. (Inherent in the trade is a commission charged by the brokerage.)
* The trade is sent to the Mt4 server for routing (as usual).
* Rather than using the human dealer the Mt4 server routes the trade to the bridge, and the bridge re-routes the trade directly to the bank of the brokerage's choice.
* Now the bank has the option of accepting or rejecting the trade. The bank will also charge a commission, but the bank assumes all the risk.
* The bridge routes the trade result to the Mt4 server with the bank's answer.
* The Mt4 server sends the "accept" or "reject" message to the client.
META TRADER 4 THREAD NOW ON KRESLIK.COM
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TRO SAK MULTI PAIR
TRO SAK MULTI PAIR displays the status of three user selected external indicators on multiple currency pairs.
Latest mods include:
* Added an alert for when price ends in 00.
* 4 indicator levels.
Note: The meters in the upper right of the chart are NOT part of TRO SAK MULTI PAIR.
The _sak zip file is the TEMPLATE.
TRO SAK MULTI PAIR displays the status of three user selected external indicators on multiple currency pairs.
Latest mods include:
* Added an alert for when price ends in 00.
* 4 indicator levels.
Note: The meters in the upper right of the chart are NOT part of TRO SAK MULTI PAIR.
The _sak zip file is the TEMPLATE.
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- _sak.zip
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- TRO_SAK_MultiPair.zip
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Updates attached.
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- 20080105pt.zip
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More updates.
I loaded a couple of templates in the zip file... YOU HAVE TO SAVE THEM TO THE METATRADER TEMPLATE FOLDER AND NOT THE ONE IN THE EXPERT FOLDER!!
I loaded a couple of templates in the zip file... YOU HAVE TO SAVE THEM TO THE METATRADER TEMPLATE FOLDER AND NOT THE ONE IN THE EXPERT FOLDER!!
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http://www.incrediblecharts.com/technic ... trends.htm
Ranging Markets
A secondary reaction may take the form of a ?line? which may endure for several weeks. Price fluctuates within a narrow range of about five per cent.
Breakouts from a range can occur in either direction.
* Advances above the upper limit of the line signal accumulation and higher prices;
* Declines below the lower limit indicate distribution and lower prices;
* Volume is used to confirm price breakouts.
Ranging Markets
A secondary reaction may take the form of a ?line? which may endure for several weeks. Price fluctuates within a narrow range of about five per cent.
Breakouts from a range can occur in either direction.
* Advances above the upper limit of the line signal accumulation and higher prices;
* Declines below the lower limit indicate distribution and lower prices;
* Volume is used to confirm price breakouts.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Latest version attached.
I attached my template file. LOAD THE FILE IN THE TEMPLATES FOLDER IN THE METATRADER FOLDER.... DO NOT LOAD IT IN THE TEMPLATES FOLDER IN THE INDICATORS FOLDER!!
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- _BZ_everyhour_G.ex4
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- _TRO_SAK_MultiPair.mq4
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- _TRO_SAK_MultiPair.ex4
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- buyzone.tpl
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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