I'm fairly new to trading (on and off for 3 months) and am really just getting comfortable with MT4.
My broker offers a "one click trading Level2 plugin" EA for trading ECN through them that allows a quick way to enter trades and monitor "depth of market". (See picture)
It this feature reliable / desireable / trustworthy to use? I've heard rumours that it does nothing more than allow the broker to easily see your TP / SL settings. It also seems to be pretty taxing on my computer as the processor demand shoots up when I have half a dozen charts open with the plug in running.
Any thoughts would be appreciated.
pgg
My broker offers a "one click trading Level2 plugin" EA for trading ECN through them that allows a quick way to enter trades and monitor "depth of market". (See picture)
Attached Image
It this feature reliable / desireable / trustworthy to use? I've heard rumours that it does nothing more than allow the broker to easily see your TP / SL settings. It also seems to be pretty taxing on my computer as the processor demand shoots up when I have half a dozen charts open with the plug in running.
Any thoughts would be appreciated.
pgg