Word of caution for all you hard working system ( EA) developers, I’m hearing the new MT5 will allow brokers and MQ to gain access to your EA source code without you knowing.
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DislikedTwo words: Drama Queens.
Real ECN trading gives you one direction, and an averaged price of your order. This will be no different than trading a real market.Ignored
We traders are simply licensees of the platform, editor and language. Therefore what is our legal grounding for owning the indicator if they own the language, the platform and language editor that we are licenced to use.
Why do you think they are using a derivative of C++ instead of C++ itself? Maybe so that can have certain programming rights, we as traders should not nieve to the ways of the MT5 broker / platform developer world.
Rather than rant and rave about it all, I would ask Metaquotes to make a formal legal statement, saying that the above rumour is simply NOT true. Other than that the rumour and your statement are not true unless proven / formally stated by metaquotes to be otherwise.
Disliked1. MT5 will have all new NFA bullshit in it, they have to do it for all their US clients(brokers)Ignored
DislikedHowever, as such i believe that it will be much better and stable piece of code(software) other wise there is no point to change mt4 to mt5.Ignored
DislikedP.S. aquaart - writing in coloured fonts, really looks LIKE SPAMMING. No Offence.Ignored
DislikedThere is no problem having multiple EAs with different strategies or having EA and manual at the same time. It really doesn't change anything. In fact it's slightly more flexible.Ignored
As EAs are highly mechanical I doubt whether the third and fourth points are ever going to be achieved by a single MQL5 programmer (given the length of time before they release MQL6 making MQL5 obsolete if history and present are indicators of the future).
If it does get achieved congrats, however, what this does mean is that no EA will be able to work independently of each other or of the owner.
However, this scenario becomes even more complex / unachievable if the original BUY trade has a t/p before the SELL trades S/L point. Try and put that as a re-entry into the EA, or even your manual trading....
All of this would be the same if you were manually trading along side an EA. (if your EA uses a system different to your manual system on the one instrument)
This complexity is all because MT5 developers appear to be making MT5 as a single position per instrument trading world wide. Why not change it for the rest of the world?
DislikedEverything works exactly the same except there is no hedge and therefore no additional margin and swap costs that hedging introduces. There is no problem having multiple EAs with different strategies or having EA and manual at the same time. It really doesn't change anything. In fact it's slightly more flexible.Ignored
Disliked3 words:u should know. Hope u make it. I will always think of Forex as one gigantic scam until its regulated on central exchange(unlikely though). No ones words or amount of posts will ever change my mind until some regulatory body oversees these "free to f__k everbody at will" Forex Brokers. And ,are u commenting on MY sexual orientation or yours? (BTW I like your website/Blog-just not your undying support of ECN Brokers) I dont believe any Forex Broker is worth the effort.Ignored
DislikedWord of caution for all you hard working system ( EA) developers, I’m hearing the new MT5 will allow brokers and MQ to gain access to your EA source code without you knowing.Ignored
DislikedDamn right I should know. I know a lot of things.
I don't know why you feel the need to defend your sexual orientation. I didn't bring it up. Odd that you feel that way.
I don't have an undying belief in ECN's. It's the only way you can trade 90% of markets anyways. Try trading the futures, stock or band markets any other way. (Bullshit CFD's don't count either.)
All real markets are ECN's. There is no way around it. You HAVE to have a buyer AND seller.
I didn't make the markets, I just make them work for me.
The truth...Ignored
DislikedYes that is very true...
I would like that to be the case... It would change my entire view of the MT5 platform...
Agreed... if the MT5 broker can change the ordering system outside of the USA...
Stopped it, as some people found it offensive. That was not my aim...
It was as you said last... To highlight a few small changes, that I believe can have a significant effect on profitable trading. This includes my trading which is why I made such a noise about it.
The other good points of MT5 would actually make me want to use...Ignored
DislikedNot So fast! As unseal FXCM reps are scuing the facts in their favor. UK an Swiss Land are already gearing up to follow what the US in trading laws. Swiss banks already started rejecting and closing US clients accounts.http://bloomberg.com/apps/news?pid=2...d=a_8VwpO5m0WQ
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