Let’s face it, the majority if not all forex brokers that support the MetaTrader 4 platform are pure bucketshops. I have yet to find ONE MT4 broker which offers a true non-dealing desk trading environment. A lot of them claim this, but it is all pure bullshit, if you’ll pardon my french. If they have fixed spreads they CANNOT be a non-dealing desk broker! Any broker that offers fixed spreads by definition can’t be offering a no dealing desk trading platform. Just be aware that when there is a trading desk involved (be it human or computer operated) you are not trading in a true market environment but instead are in a “sandbox” type of trading environment where the broker has full control over your position. So how do you get around this? The solution is simple, use ECN brokers.
The thing is that some of us are somewhat attached to the MetaTrader 4 platform. I personally think it is a pretty neat and functional trading platform. The scripting abilities are excellent, and there are just so many free indicators and expert advisors available for this platform that it has become wildly popular with retail traders. However, most ECN brokers do NOT support the MT4 platform. One of the main reasons is that MT4 server/client software was never meant to operate in an ECN trading environment. Many brokers have tried to adapt it to an pure ECN trading environment and failed. So can we have our cake and eat it too? Yes, you can, but it involves a bit more work.
I’m going to tell you about some possible solutions which you can use to get MT4 to work more or less reasonably well with some ECN brokers. By the use of a specialized API (programming interface) it is possible to setup a virtual bridge between MT4 and the ECN platform. This will give you a more accurate, reliable, and less “doctored” price feed along with SPT (straight pass through) execution so your trades get routed directly into the interbank environment.
So far I know of 3 ways you can get this done:
1 – Some ECN providers offer their own custom API you can use. I only of one ECN broker that offers this solution and they’re called HotspotFX. For more details check out this link:
http://eu.hotspotfx.com/trading-software/connectivity/api-for-metatrader/
2 – You can use commercial software. I scoured the net and forex forums and there just isn’t that much relevant software out there. One that I did come across is called TradeBullet. See their homepage for more details.
3 – The free route – always my favorite. However the disadvantage to this solution is that it may not have all the capabilities or bells and whistles of commercial alternatives. The only free solution that I’ve found is called TWSLink. This solution is free, so no hand holding for you! You’re just going to have to figure out things for yourself using the documentation available. Visit this website for more details:
http://www.trade-commander.org/twslink/twslink.htm
If anyone else knows other solutions please feel free to contact me and I will gladly add it to this article with links to your site(s) and everything.
Until next time, many pips to you all!
Alan
Related posts:
- FXCM Now Offers MetaTrader 4 for Trading
- MB Trading and MetaTrader 4
- Forex Autopilot On MB Trading MT4 Platform
- Advantages of non-dealing desk brokers
- Alpari UK is offering MetaTrader 5 demo accounts
April 23rd, 2008 at 8:44 am
[...] Read the rest of this article at Alan’s Forex Blog….. [...]
April 27th, 2008 at 8:27 pm
Hi Alan,
Very good info. I`ve been shocked.. how a good reputable broker like fxcm will changed their trading platform to MT4.. from your info, Iam planning to test hotspotfx trading platform..
Thanks again..
April 28th, 2008 at 12:16 am
Hi Andy. I’m glad you found my post useful
Also you may wish to check out this post:
http://alansforexblog.com/2008/04/20/proof-that-forex-brokers-cheat-you/
I eventually would like to write an introductory review of HostpotFX so if you don’t mind I’d really appreciate it if you would share your experience with this broker. You can find my e-mail address by clicking on the “About” link at the top of this page.
Cheers,
Alan
November 12th, 2008 at 6:27 pm
Hello,
I just found a “pure ECN MT4″, there: http://www.metaspotfx.com/
Apparently they’re related to Hotspot FX (which were my favs until I discovered metaspot), but the service seems not to be available in the US at the moment (regulation needed?). The solution you mention with Hotspot FX seems unclear to me. I never found a piece of software from them to put somewhere and use MT4. As for the free solution, it looked complicated to me. Anyway, that was just my 2 cents.
November 12th, 2008 at 9:01 pm
Here is another broker that claims to be an “MT4 ECN” broker:
http://www.atcbrokers.com/index_forexpro.htm
Here is another one:
http://www.fastbrokersfx.com/
I think I saw hotspotfx advertising MT4 capability on some google ads a week ago. I’ll post more when and if I find them.
Thanks for sharing Iroquois.
November 21st, 2008 at 7:10 pm
I hear this one works – not a broker, not an ECN, but aggregated DMA.
November 24th, 2008 at 9:20 pm
Alan
Integral offers a bridge from MT4 to the Integral FX Grid. The Integral FX Grid provides multi-bank access for spot, fowards, and swaps. You can find the MT4 Bridge at http://www.integral.com/products/metatrader_4_bridge.htm
November 25th, 2008 at 3:38 am
Yes Jeff I’m aware of your product. Thanks for sharing.
December 4th, 2008 at 8:24 am
Hi Alan,
Thank you for your site and all of the great information. I’m trading with FxPro with a scalping system and so far have had a good week. This is only my first week of live trading, however. Can I beat these guys using a scalping strategy, despite them presumably trading against me? And I assume if I do, my account will be closed. I’m receiving a trade volume rebate and no commissions, so I’m trying to determine if a move to a MT4 ECN price feed broker is warranted.
Thanks again,
Ursala
December 4th, 2008 at 10:51 am
Glad you like my site Ursala
Well, it depends on how much of a scalper your scalping strategy is…lol, that may sound confusing, but what I mean is that it depends on how long you hold on to the position before closing it. Some dealing desk brokers have VERY stringent terms and conditions, and also very strict anti-scalping policies. I’d suggest you check with FxPro and see what their policies are in regards to scalping. Worst case scenario is that they could refuse you as a customer and close your account.
I don’t know whether you can beat them or not, but the deck is heavily stacked against you! The broker controls everything. They could easily mess with your trades by manipulating the price feed to introduce artificial price spikes, and other dirty tricks. For sure they have software that monitors trade execution and closure times in order to hunt down scalpers.
I personally do not recommend most dealing desk brokers for use with extremely short term trading strategies. If you want to do pure and true scalping (as close as possible in the forex world) then the only way to go IMHO is with a PURE ECN broker.
As for whether it’s warranted for you to move on to a MT4 ECN price feed that really depends on your account size and also the size of the lots you trade with. If your technique is successful and consistent and you trade with lots of sufficient size to warrant paying the $15-25 commission most ECN broker charge then I’d say YES it is definitely worth moving to an ECN broker with a MT4 price feed (if you need MT4 that is).
Here is but one broker quickly comes to mind which offers MT4 + ECN price feed:
http://www.fastbrokers.com/index.php?VA001
For non MT4 Dukascopy is also great. HotspotFX is excellent for this as well.
December 4th, 2008 at 7:47 pm
Hi Alan,
Thank you very much for your reply. This is so frustrating that when you find a broker who might not go bankrupt and take your money with them, they cheat and trade against you. I talked to a representative at HotSpotFX and he told me that a live account is available with ATC Brokers with HotSpot’s ECN price feed and the commission is $4 per standard lot.
I’m going to check with Fast Brokers also and thank you for that information. Have a good day.
Best Regards,
Ursala
December 4th, 2008 at 8:02 pm
$4 per standard lot? :O are you sure it isn’t $14? $4 is quite an excellent deal.
Best of luck to you and happy trading.
December 4th, 2008 at 8:30 pm
Yes I did confirm with Alex at HotSpot that an account opened at ATC is charged a commission of $4 per standard lot. I think it probably means $8 round trip.
I also talked to Giovanni at Fast Brokers and he was really helpful and said they have a $15 per round trip commission with a 10k minimum opening amount on the Fast Pro platform.
Best Regards,
Ursala
December 4th, 2008 at 8:55 pm
Thanks Ursala!
Yeah was Giovanni really nice and helpful to me too.
Thanks for visiting my blog and I wish you profitable trading..
Cheer
December 24th, 2008 at 4:05 am
did anyone try metaspotfx ?
December 24th, 2008 at 5:13 am
No, but I heard of it. It appears they offer a STP trading model – not really ECN. I couldn’t also help but notice a lot of grammatical errors on the site. The company claims to be based out of Finland. If anyone has any more info on this broker feel free to post.
December 24th, 2008 at 6:15 pm
Good one! thanks.
December 30th, 2008 at 9:10 pm
demoed them, not impressed
December 31st, 2008 at 4:22 am
Hmm, I see. Thanks for letting us know Darryl. Let us know if you come across any other ECN brokers.
Cheers, and many pips to you in the upcoming year!
January 3rd, 2009 at 2:54 am
[...] Originally Posted by hazelj80 what i would suggest to everyone who complains about regular mt4 brokers, it’s already a known thing the ODL hates scalping just as 90% of market makers so yes, they will freeze your acct. me, personally, when i make enough money from more than one scalping EA, i will get a custom mt4 to ecn bridge built, then brokers can’t mess with the spread cause there is no broker in an real ecn stp. you all should think about that one very hard. i’ve seen people on this forum have a custom mt4 to currenex ecn bridge built and they are kickin a s s and taking names! the only way for a mt4 scalping EA is to survive, not through a sorry arse bucket shop. they say and do what the want with spreads, although this is an election yr That’s some good advice, only thing is, with ECN’s you get variable spreads, so most EA would not be reliable. Unless ECN’s operate so efficiently that they consistently maintain 3 pips spreads for the majors. I wouldn’t know, but from comparing brokers, I see that some offer fixed spreads (bucket shops) and some are variable, (ECN’s) I think your idea is good and that’s what I’ll do when I get the required minimum to open an account also. I have provided an article on how to bridge meta trader to an ECN for anyone who may want to look into it further. Connecting MetaTrader 4 to an ECN Broker | Alan’s Forex Blog [...]
January 7th, 2009 at 9:01 am
OK – I’m a little confused, since I don’t think as a U.S. resident that I can get a HotSpotFX account. So, how would one integrate a Dukascopy account with MT4? Is it covered above or am I missing something?
January 7th, 2009 at 9:39 am
Dukascopy offers an API that lets you execute orders and account information off of MT4. But unfortunately there is no easy plug and play system that will let you use Dukascopy with MT4.
In light of that you would need to hire a programmer to integrate MT4 with Dukascopy’s API.
for API details see this link:
http://www.dukascopy.com/swiss/english/forex/int2/?ibref=415
Hope this helps.
January 7th, 2009 at 5:29 pm
Thanks for the info. I also run a software company (not in the Forex space) so we have programmers on staff. It will not be a problem. Is anyone else interested in getting a plug and play solution for this? If so, then does the admin mind if I post a way to contact us about it here?
January 7th, 2009 at 6:56 pm
No I don’t mind, more power to you..if it’s good and it works I’ll even write a post about it. Would you be willing to send me a demo (you can limit any way you want) of the finished product if you decide to code it because I too would be interested in hooking up MT4 to Dukascopy.
January 7th, 2009 at 7:13 pm
OK – great. I’m basically just looking to get MT4 in an environment without a dealing desk. I’m curious what you think about these guys.
…
http://www.investtechfx.com/about-globex.asp
…
In their account info page they claim that they do not have a dealing desk because of the bank they cite in the link above.
January 7th, 2009 at 7:40 pm
stay away from them..they are not really a Canadian brokerage firm…
browse on over to this forum:
http://www.forexautopilotforum.com
and search for Investtechfx as there is a thread somewhere about them…I can’t remember the exact link (it’s a long one)
Marty also have a look at this brokerage firm:
http://www.fastbrokers.com/index.php?VA001
Specifically their MT4 Pro feed (ECN price feed with MT4)
Also ATC Brokers is another broker which will soon offer MT4 + ECN price feed. I can let you know when they get that up and running if you’d like.
January 7th, 2009 at 9:01 pm
Yes, please let me know.
…
To comment on your reply, let me clarify my understanding (in case we are to code a MT4 to ECN bridge). The goal is not just the price feed, but the ability to place, modify and close orders as well, right?
…
That’s what HotSpotFX does. I’m going to call HotSpotFX to see about U.S accounts since they support a full API integration with MT4 now…or do they provide actual MT4 plugins/EAs? Has anyone used this yet?
January 7th, 2009 at 9:12 pm
Also, please take a look at this and tell me your thoughts…
http://www.mbtrading.com/metaTrader4Differences.aspx
January 7th, 2009 at 9:32 pm
Just signed up for a live account with HotSpotFX. No issue for U.S. residents or entities. You even specify MT4 as your trading platform when signing up.
I’ll be running it in demo until they approve the account.
January 7th, 2009 at 9:35 pm
Here’s a good thread on MB. I will likely demo their MT4 beta offering as well.
http://www.forex-tsd.com/metatrader-brokers/17639-mb-trading-metatrader-seeking-beta-testers.html
January 8th, 2009 at 1:14 am
Dang! I did not know about that. Thanks for sharing Marty
I will definitely investigate further.
January 11th, 2009 at 8:53 pm
Finally MB Trading with Meta Trader 4, About time!
January 12th, 2009 at 12:19 am
Definitely! I was going to make a post about that but lately I’ve been a bit lazy lol…must be a long lasting hangover form the holiday season parties
…
January 13th, 2009 at 3:14 pm
Would be interested in hearing from anyone able to make a reliable mt4 to Dukascopy bridge.
Marty could i have your contact details please for when you eventually make one. At the moment fastbrokers and ATCbrokers look appealing but dukascopy has twice the liquidity levels of hotspotfx so thats why im interested in them, their platform is nice also.
cheers
Ryan
January 16th, 2009 at 6:13 pm
Marty, would also be interested in any developments with a MT4 to Dukascopy bridge. Let me know how to get in contact with you.
Thanks,
Scott
January 31st, 2009 at 2:56 am
check this website http://www.bostontechnologies.com/ they offer a bridge to not only currenex but others as well.
They charge $7500 to set it up plus starting from $1500 per month.
January 31st, 2009 at 5:36 am
Peter that solution is mainly targeted at brokers if I’m not mistaken. So basically it’s mainly if you want to bridge the MetaTrader SERVER with an ECN backend platform. That also explains the high cost…
January 31st, 2009 at 8:59 am
Hi Alan
I was quoted $7500 to set up a bridge plus $1500 per month to have metatrader connected via a bridge to hotspot and I am definately not a broker. Naturally I told them thanks but no thanks.
February 2nd, 2009 at 7:40 pm
Oh I see. Ouch! That is freaking expensive just for a simple MT4 to ECN bridge. I suggest you wait until ATC Brokers and MB Trading get their MT4 platforms ready for prime time.
February 6th, 2009 at 11:13 pm
Dear Alan,
Varengold Bank FX offers this type of execution you mentioned in the article. Market order only with a variable spread.
February 7th, 2009 at 2:35 am
I found out about an other metatrader broker called BroCo who use MT4 connected to Currenex. They are brokers based in St Petersburg, Russia. Would you trust your money with them?
February 7th, 2009 at 7:39 pm
Personally I would not. I don’t know about the rest of you folks, but I heard way to many scam stories to trust any company based our of Russia – same goes for many of the non OECD countries or former eastern soviet block countries.
February 8th, 2009 at 6:46 pm
Mbtrading MT4 is very buggy with v v big spikes. Not really reliable. Those spikes have long tails tat stretches over 800 pips
February 9th, 2009 at 1:25 am
Hmm, yes you’re right. I too found this out, but we must keep in mind that their mt4 platform is still in the beta stages, so it’s a bit premature to judge it.
February 10th, 2009 at 11:00 am
Francisco, I missed your comment. So Varengold offers STP execution is what you’re saying, right?
February 14th, 2009 at 3:12 am
What about these guys?
http://www.swissfxbroker.ch/index.html/metatrader.htm
February 15th, 2009 at 9:34 pm
Hi Alan,
I just found these guys and will let you know how I get on – http://www.metaspotfx.com
February 17th, 2009 at 7:54 am
Hi,
Does anyone know about http://www.brocompany.com/?
it used to be water house capital…
if you do, please share your experiences in live account.
many thanks
February 17th, 2009 at 5:53 pm
Hmm, Russian broker…not sure I’m entirely comfortable with that – no offence to my Russian visitors, but I’ve seen so many scam originating from that country that it’s hard to put any more trust in an online venture based out of the Russian Federation.
March 15th, 2009 at 8:44 pm
hey there, a few questions i wanted to ask, i hope someone there can help.
1.Will all these ECN brokers offer the same spreads? if not who is the lowest with best execution?
2. What are your recommendations for a broker that can best handle an account size of USD 250,000 up to USD 1,000,000(i need security)
3. I see dukascopy handle large accounts, are they recommended for large accounts or do you know some else?
4. I heard from someone that Canadian companies have up to USD 1,000,000 security against bankruptcy of the broker, is this true?
5. With these ECN brokers where are the funds held, are they segregated accounts or what?
by the way the site is awesome, keep the good work. Love to hear your answers to my questions!
goodluck traders
March 15th, 2009 at 8:45 pm
sorry, also out of the good ECN brokers who offers the best commissions?
March 16th, 2009 at 6:37 pm
1) No it is not very likely that they’ll have the same spread. You know to be honest I haven’t looked too deeply into the spread. All ECN brokers have spreads that vary quite wildly so it’s quite tedious to analyze them over long periods of time.
2) I’d say either MB Trading or Dukascopy is your best bet. But for such large account perhaps Dukascopy may be your best bet due to the incredible level of liquidity they can provide. For accounts over 250,000 your account will be held in a secure Swiss bank. Commission is 10-18 per mio.
http://www.dukascopy.com/swiss/english/forex/forex_trading_accounts/?ibref=415
see the above link for the VIP interbank account or to open a demo account this link:
http://www.dukascopy.com/ibentry.php?ibref=415
Make sure you go for the Swiss bank custodian program as it allows you to park the money in a safe and reputable Swiss bank while still trading with Dukascopy, thus eliminating your exposure to broker failure/bankruptcy or something of that sort.
See this link for details:
http://www.dukascopy.com/swiss/english/forex/custodian/?ibref=415
4) I’m not sure about that, I’d have to look into it some more. Honestly I don’t think Canada has too many popular forex brokers. I heard of Questrade and some other ones, but haven’t done much research into this matter. I typically stick to US, UK, and Swiss brokers only.
5) Typically it sits in the BROKERS bank account unless of course the broker offer segregated accounts. If you’re paranoid about account safety I would highly recommend the Swiss Bank Custodian Program that Dukascopy offers…wish I had the cash to get in on this..maybe someday..lol
Once again see this link:
http://www.dukascopy.com/swiss/english/forex/custodian/?ibref=415
In the end I think you’ve got to choose between MB Trading and Dukascopy. MB Trading is more expensive than Dukascopy from what I know ($10 per 10,000 traded), so because of that reason and because Dukascopy offers segregated accounts (with a swiss bank) I’d recommend them over MB Trading in your case.
I hope I have answered your questions, and I thank you for visiting my blog and I’m glad you like it. I wish you the best and if you have any other questions feel free to contact me here:
alan at alansforexblog.com
March 17th, 2009 at 8:46 pm
Alan,
What a great blog, thanks! I’ve been reading through this thread, and, based on what was available when the thread started and what is available now, what do you see as the best/truest and safest MT4 with real ECN for modest (10K) live accounts? Thanks for your input.
March 18th, 2009 at 1:22 am
Glad you like my blog
…
In that case I’d say MB Trading. They have a very high (I think 4 star our of 5 or something like that) rating from Barron’s Magazine.
March 18th, 2009 at 7:11 pm
MB Trading says they do not offer MT4 for live trading since its still in beta
March 18th, 2009 at 11:45 pm
I know…they will release it to the public soon though.
April 4th, 2009 at 5:49 am
Good blog, with very helpful info on brokers and where the land mines are buried.. nice work. when I have something to contribute, I’ll certainly come back.
Tz
May 11th, 2009 at 11:35 pm
I already have this bridge to mt4 and I am now offering it to brokers and bank. If you are either a broker of bank please contact me.
June 4th, 2009 at 4:18 am
OHH This is good for me. Thank ^_^ I really do appreciate your time on putting this up
July 12th, 2009 at 12:14 am
MB Trading now offers MT4 (also demo).
Check it out. Works nicely. True ECN.
July 12th, 2009 at 5:59 am
Yeah I know about that. But I’m not sure if they’re accepting live clients on the mt4 platform..I’ll checkout their site since I haven’t done so in a while…
July 15th, 2009 at 7:36 pm
Thanks for all the help here. I have been struggling for days reading reviews, etc. trying to find a FX Broker that will not rob you blind. I came to the conclusion that MB Trading (2k account) would be best before finding your blog. I’m now confident to trade with them.
July 15th, 2009 at 8:59 pm
You’re welcome NG! Good luck with your trading!
NG, don’t forget to stop by my Forex Nirvana forum
http://www.forexnirvana.com
August 5th, 2009 at 7:37 am
Thanks for the information. I never really thought about the part about fixed spreads. I agree though. If a broker offers fixed spreads then they cannot be a non-dealing desk broker. I trade with IBFX and they advertise as having no dealing desk. They also do not have fixed spreads. I have never had any problems with them yet as far as trading goes. Anyone else have any experience with them?
August 5th, 2009 at 10:30 am
Martin, I have an IBFX account but I no longer actively trade on it. However when I did actively trade on this account I haven’t had any broker related issues at all. When I lost trades it was entirely my fault. The only thing is that while I haven’t caught IBFX messing about with my account/positions I still do not believe the claim that they have no dealing desk. I’ve read somewhere on the net that they outsource their dealing desk to a third party and thus they can legally claim to have “no dealing desk” of their own.
September 3rd, 2009 at 5:06 am
Hi Alan very insightful blog. I am pretty new to forex trading and have been using a Market maker; needless to say i have my fair share of frustrations.
Could you point me to a few reputable DMA or ECN brokers with low commission charges? I don’t need them to have MT4 i am fine using their platform.
thanks in advance!
September 3rd, 2009 at 6:57 am
Sure no problem. See this link:
http://alansforexblog.com/forex-brokers/
Look for the ECN brokers section. Another one that I heard good things about is ATC brokers. I’ve yet to add it to my list though as I lack first hand experience with it.
Btw, I invite you over to my forex nirvana forum. See the ECN brokers section to see what other people have to say about various ECN brokers.
http://www.forexnirvana.com
September 20th, 2009 at 9:52 pm
nice info about ecn forex brokers
thank you
September 23rd, 2009 at 11:17 am
MT4 JForex Clients Bridge – is simple plug-in for Dukascopy JForex platform. It allows to transfer trade signals from Metatrader platform to JForex receive notifications from MetaTrader log file and execute transferred trade signals.
https://sourceforge.net/projects/mt4dukabridge/
September 23rd, 2009 at 4:51 pm
Thanks a million for sharing that Cedric! I’m going to play around with it and write a “how-to” guide for it soon.
September 28th, 2009 at 9:59 pm
is the data feed you use for MT4 going to play a role in getting the right signals that gets transferred to Dukascopy.
I mean how would you make sure the price data on MT4 and Dukascopy are the same.
euro/usd 1.4652 on MT4 = euro/usd 1.4652 on Dukascopy when the signals are generated on MT4.
September 28th, 2009 at 11:44 pm
Well, if you don’t trust the price feed you can always run Dukascopy’s JForex Platform side-by-side (to the MT4) to confirm.
October 2nd, 2009 at 8:30 am
Forget Dukascopy…MB Trading finally turned on MT4 today…problem solved.
October 2nd, 2009 at 9:33 am
Sweet stuff…this is what I’ve been waiting for umm for a LONG time..:))
Now I must quickly open a live account and also get the word out.
October 2nd, 2009 at 11:25 am
blogged about it here:
http://alansforexblog.com/2009/10/02/mb-trading-metatrader-4-platform-is-now-live/
March 12th, 2010 at 5:41 pm
I use the bridge Metatrader to Dukascopy and is also working fine. But i really wait till they will have real Metatrader, i hope they will get it fast, will make it little more easy. At least they have Metatrader demoaccount, so i have about the same prices like dukascopy real account to copy trades. Against MB i like Dukascopy more, because you have often bether spreads and less commission. Ofcourse opening an account with Dukascopy is very usefull with an Introducing Agent (for example “Molecule6.com” thats paying back 45 % of Commission payment) to get a big part of your commission back and get many helping hints. Thats a lot of money you save every month.
March 18th, 2010 at 1:59 am
Soon we will be posting on our site the brokers who use our MT4 ECN bridge and mam.
May 19th, 2010 at 12:05 pm
Since the last post related above, I was wondering if anybody foud a RELIABLE way to convert MQL indicators into Java language to use them on the Dukascopy platform. It’s really needed because Duakscopy has just informed me they didn’t plan to set up their MT4 platform live in a near future (too many technical problems and too many complaints from beta users).
I know Dukascopy provides on their website a list of programmers supposed to be able to complete the job but Dukascopy does not endorse that list. So I thought maybe somebody here could recommend a programmer in particular or any other cost-efficient way around…? Thank you.
May 20th, 2010 at 12:33 pm
To follow up with yesterday’s post, I contacted programmers listed on the Dukascopy website. In my particular case, I have 5 indicators to be converted. Quotes I got from those programmers range from 200 euros up to US$ 1,000 to complete the same job!!! Who’s fooling me here?
May 24th, 2010 at 12:42 am
whoa! Fred that’s pretty crazy. Try to post up your request on the forex nirvana forum’s “hire a coder” section…
http://www.forexnirvana.com
just a suggestion..
or you can try some of those freelance coding websites?
August 8th, 2010 at 11:49 pm
Great post Alan.. Interesting that I applied EAs to brokers like FXCM, CMS and Gomarkets and they perform dismally in fact totally differently where the EAs rarely trade. Begs the question, me thinks theres some filtration of data going on to avoid being labelled as a broker that constantly requotes. Ive been in a situation where i cant get out of trades manually bc requotes. The thing also is the bridge has to be reasonably fast .. ive had situations where there are substantial delays so when the profitable position is closed ..the resultant trade ended up in loss!