MT4 moves to ECN (2 unique brokers) -
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thread: MT4 moves to ECN (2 unique brokers)

  1. #11
    Junior Member jokiserra0's Avatar
    20
    So is gomarkets of changing to ecn feed, following nearly 1 year?
    Is the spread stable with time?

  2. #12
    arquaart, insightful and thoughtful responses concerning the two MTs. As you seem to be the only one to have really badly tested them equally, you ideas are valuable. It might seem that entire, MT5 has a very long way to go before it could be called a trully deserved successor to the MT4. I would however like to hear your ideas on Hedging-european brokers will keep MT4
    I really don't understand whether European law makers will follow suit... But because most newbies which were once trading with USA brokers and were nedgers, there might be a movement for protection in the European markets too. As poor nedgers rather than only counter tendency traders will proceed there.

    I suppose it all depends upon who is pulling the strings and the reason why they are.

    But if you are considering why JoeyG is asking me questions about why I believe MT5 (hereby renamed MetaSTEALERTrader 5 ) is downgrade from MT4 follow this link - https://www.cliqforex.com/trading-sy...-sterling.html

  3. #13
    Junior Member OxrcttHBG's Avatar
    10
    Insightful and thoughtful answers regarding the two MTs, arquaart. As you seem to be the only one to have really badly tested them equally, you ideas are valuable. It might seem that entire, MT5 has a very long way to go before it could be called a trully deserved successor to the MT4. I would like to hear your ideas on Hedging-european brokers will maintain MT4

  4. #14
    Hey, how's it going nowadays? Seeing MT4 it appears to be ok but seeing MT5. . .well, moving by your other thread, that appears to be a different story! Https://www.cliqforex.com/trading-sy...orrection.html Is there anything positive at all you can tell us about the MetaSTEALERTrader 5 because you call it?
    Yes longer frames (21 in total), market depth analysis (which is strange since banks do not allow other institutions to know what volume they're trading) but it's there (must go on trade number instead of volume which will become increasingly misleading the more people smaller traders become involved), and if you like single position trading it will probably be easier to manage you trades. In other words they have made managment and analysis easier at the cost of trader profitability.

    The reason I ask you is because as I told you before, ACM advised me theys about to include MT4 to their platforms. When I knew MT5 was about to come out I couldn't help but wonder why they didn't go to the shinny new and improved one? Am I correct to understand from your other thread it all has to do with all the possibilities to perform hedging?? Is that correct?
    Cannot really answer why ACM didn't, but it might be since MT5 is just being released, and every new platform has its own bugs.... The same as vista versus XP. Vista had a truck load of bugs when it first came out. MT5 might be the same. Particularly if they have attempted to make it more vista compatible.

    Can you feel that we'll NOT likely to visit European brokers add/upgrade to MT5 due to that?
    Maybe, maybe not. The EURO in 9 decades of actual use is now gone from 4th or 5th most traded currency to the 2nd most. The establishment of the EURO was so that the market would compete with all the might of the USA market. It is 2/3 of the way there in just 9 decades. If a currency is going to be popular, an increase in its own trade ability is essential, hence I couldn't imagine EURO based markets to be keen to do exactly what the US've done. It would eliminate its initial purpose.

    If true then the MT4's times may be coming to a conclusion, I would imagine that all regulatory bodies will eventually fall in line with the NFA, don't you?
    If it is correct that's the case... If it isn't then it isn't the situation...


    If anyone would like to find out why I feel the MT5 (renamed as MetaSTEALERTrader 5 ) is a downgrade from MT4, follow this link https://www.cliqforex.com/trading-sy...inflation.html. You will see why Joey asked questions about MT5 in this post.

  5. #15
    24 hours later and still no feed. I think we play in cyberspace pleasure palour.Its a shame real cash is at stake.

  6. #16
    To me there live feed is untradeable,its just goes to sleep every now and then,support desk says IT issues!!
    Yep, I can't even log in to my account...

    So I do not know where my trades are,

    Don't know where the price is on his or her platform. But they suggest you could open and close the trades via phone. However, where are the trades in relation to the price and what are my indiors telling me?

    In the moment they've wiped all of my trades and just left me with my equilibrium.

    Hmmmmmmmmmm

    Nor do I know what my equity is etc.. .

  7. #17
    To me there live feed is untradeable,its just goes to sleep every now and then,encourage desk says IT issues!!

  8. #18
    Since the oriental session went on, the spreads obtained significantly worse.

    The spreads recorded above, are right but I want to re-emphasis that the spreads were likely to be in the end of the over compared to the lower end.

    Wait for the London and NY sessions to find out if gets any better.

    And yes I watched MBTrading and ATCBrokers. MBTrading and ATCBrokers spreads were substantially better (although they do charge commission). Including $$$ commission MBTrading and ATCBrokers cost, MBTrading and ATCBrokers were still significantly better than Proceed Markets.


    This is what I saw:
    Max spreads I have seen- 2:25pm AEST-
    EURUSD 0-6
    GBPUSD 1-12
    EURCHF 1-9
    EURGBP 0-8
    GBPJPY 3-20
    USDJPY 0-8
    EURJPY 1-13
    AUDUSD 1-8

  9. #19
    Oh Yeah I'm seeing Gomarkets new live spreads- It's nuts!

    I've only had it on a few minutes
    Max spreads I've observed - 2:25pm AEST-
    EURUSD 0-8
    GBPUSD 1-12
    EURCHF 1-10
    EURGBP 0-9
    GBPJPY 1-15
    USDJPY 0-8
    EURJPY 1-14!

    The list goes on- they are all like this and it is not like they simply go up once in a while, I have observed this in minutes a lot of the time they are sitting mid means to the greater end of these ranges above, rarely stays on considerably lower than that which they had to have mended - what a pity.

    Comparatively across precisely the exact same time period MBT actual ECN demo
    EURGBP max is a measly 2.3 pips
    USDJPY 1.5 max!
    GBPJPY max 5.0
    Plus half pip spread of course- still leaves it for dust.

  10. #20
    ECN'Styled' whatever that means does not indie it is an ECN though.
    Why would anybody trade with a broker whose spread on GBPJPY varies between 3 to 20 pips? - way too broad at 20 pips during very quiet times.
    If GoMarkets don't charge a commission then they're earning from the spreads, again not an ECN model.
    This was during the asian session. I only saw 20 pip after and I was watching it just like a hawke for about one hour. It was most common for it to be 8 pip.

    Any ECN with 2/4 Publish place feed is not passing on the specific information that banks / institutions are feeding them. Because banks / inst use 3/5. Hence, as I said these men must be rounding their feeds to ch between a 0 and 2 pip commission for each pair.

    But, unlike other ECN styled brokers (MBTrading and ATC Brokers) they do not charge any based commission. In the long run it works out that GoMarkets are more expensive by about 2 pip per trade during the asian session.

    I am waiting for the London NY sessions, to see whether prices regularly return to 1 pip as promised in prior emails.

    A quote from a GoMarkets previous email
    As a sign of spreads, many majors such as GBPUSD, EURUSD, EURGBP and AUDUSD can offer spreads as low as 1-2 pips, even during the Asian session.

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