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roko
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Postby roko » Wed May 21, 2008 7:35 pm

TheRumpledOne wrote:On an ECN, you order stays there until either someone else on the ECN hits your order OR a bank hits your order.

You do NOT always have to wait for the bid/ask to move to your price to be filled.



Understood.

Thanks, TRO.

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chris_phs
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Postby chris_phs » Sat Oct 25, 2008 11:37 pm

Is it possible to use MT4 through EFX? If so, how?

Thanks.

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TheRumpledOne
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Postby TheRumpledOne » Sun Oct 26, 2008 12:22 am

Not at the moment.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

chris_phs
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Postby chris_phs » Sun Oct 26, 2008 3:07 am

Do you have info suggesting they will in the future? Do you not use MT4 then I assume?

Thanks.

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Postby chris_phs » Sun Oct 26, 2008 3:41 am

EFX looks like the perfect option for me given the cost effectiveness mentioned above, and they even recommend my IRA custodian Entrust Admin Inc, however the non support of MT4 is the deal breaker [-(. I'm just too married to MT4 after months of demo trading, having indicators and scripts built around my strategy, etc.

If anyone has a suggestion or way around this hurdle, please post it here.

TIA.

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TheRumpledOne
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Postby TheRumpledOne » Sun Oct 26, 2008 5:37 am

MB Trading has MT4 in it's future.

I have 3 live feeds, one being MT4.

But I trade on MB Trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

roko
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Postby roko » Sun Oct 26, 2008 4:40 pm

chris_phs wrote:EFX looks like the perfect option for me given the cost effectiveness mentioned above, and they even recommend my IRA custodian Entrust Admin Inc, however the non support of MT4 is the deal breaker [-(. I'm just too married to MT4 after months of demo trading, having indicators and scripts built around my strategy, etc.

If anyone has a suggestion or way around this hurdle, please post it here.

TIA.


Hi chris

Have you watched the MTXtreme information?

FXDD MTXtreme

roko

chris_phs
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Postby chris_phs » Sun Oct 26, 2008 9:19 pm

Interesting, I'll have to check it out. What is your experience with FXDD on all other fronts, such as fills, timely withdrawals, financials, etc, etc?

And thanks for the heads up!

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Postby chris_phs » Sun Oct 26, 2008 9:36 pm

I downloaded MTExtreme. Two issues that I found just on the surface:

1. Minimum 1 lot trades
2. They are currently quoting 4 - 6 pips on EURUSD and it's Sunday

roko
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Postby roko » Sun Oct 26, 2008 10:37 pm

I have a normal account with FXDD, not MTXtreme. As I understand, it is the first service without desk that permit the use of Metatrader. I guess you have to practice some weeks in order to get a complete idea of that service via MT4.

Really I don't like the brokers of MT4. I used Oanda and that broker was good for me. FXDD is my first experience with a MT4 broker, and just a pair of months. I use the MT4 and that was the reason of my decision. You know EA's or indicators...

My perception is that any, any broker, works against us, the traders. In my opinion one of the main tasks of a trader is to include strategies that get away the possibilities to catch our exits against us. And inside the strategies we have to include the correct broker for us. If you will trade in news, you will need a broker that dont open the spreads during the news. If you will trade in normal hours, you will need the smaller spreads you will be able to find, without requoting...

I guess you will find others users of MTXtrem in TSD forum, take a look there.... and later tell us your experience with that service.

I hope you will find my comments useful.

Cheers.

gus

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