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Safety Net

  • #1
  • First Post: May 4, 2007 12:57am May 4, 2007 12:57am
Have been searching for some programming to warn that open or pending orders exist before exit is allowed in MT4.
Nobody else has probable ever signed into your MT4 based account to find some pending order you forgot about is happily ticking away in the wrong direction. It is not a nice way to start your day.
Have asked several brokers and lots of traders but have not found yet.
  • #2
  • May 4, 2007 2:04am May 4, 2007 2:04am
Couldn't you just check the terminal before exiting the platform?
  • #3
  • May 4, 2007 3:45am May 4, 2007 3:45am
Quoting bapxyz
Have been searching for some programming to warn that open or pending orders exist before exit is allowed in MT4.
Nobody else has probable ever signed into your MT4 based account to find some pending order you forgot about is happily ticking away in the wrong direction. It is not a nice way to start your day.
Have asked several brokers and lots of traders but have not found yet.
You can perform a STOP/LIMIT order; if you get a "Trade Context Busy", then you have a pending order waiting to be executed.

As per my experience with MT4.

I once had an order with a broker; at that particular time, it kept me waiting for many seconds (when usually it executes it in a fraction of a second)... So I cancelled it. About 2 minutes or so had passed, i tried to place a LIMIT SELL and was given that "Trade Context Busy" !

HECK! US GDP News was released many minutes passed! I dont think market is still VOLATILE!

At this moment, I realized that this broker is playing against me. ie, If the price went against me, they can accept the order and surprise me with a huge loss. After my position was clearly LOOSING, they posted it and I was shown -$1200. Luckily, the price went my way afterwards and exited with $150 before it reverses back again. But if I held longer, I could have made $3K on that day though.

I will be closing this account for good. Such a dirty trick is reminiscent of GFT that I so despise to the bone. Dont trade with such cheater Brokers.
  • #4
  • May 4, 2007 7:41am May 4, 2007 7:41am
Thanks BK
Those stories always amaze me. What amazes me is they all don't end with somebody getting the %@%$ kicked out of them. That sounds like it goes beyond tough business to pure robbery.
Anyway that is a good tip on checking.
I am just spoiled because I have another broker that does not offer MT4; yet ( won't mention the name because it might be a violation of a forum rule), and when you sign of there platform if you have Open or Pending orders a message comes up asking you to confirm the sign off.
I guess that's good news, there not all unscrupulous.
  • #5
  • May 4, 2007 8:19am May 4, 2007 8:19am
B,

You have plenty of posts...why would mentioning the broker be against the rules unless it's a forbidden broker? (of which I'm not sure which ones are anymore).

Quoting bapxyz
Thanks BK
Those stories always amaze me. What amazes me is they all don't end with somebody getting the %@%$ kicked out of them. That sounds like it goes beyond tough business to pure robbery.
Anyway that is a good tip on checking.
I am just spoiled because I have another broker that does not offer MT4; yet ( won't mention the name because it might be a violation of a forum rule), and when you sign of there platform if you have Open or Pending orders a message comes up asking you to confirm the sign off.
I guess that's good news, there not all unscrupulous.
  • #6
  • May 4, 2007 10:29am May 4, 2007 10:29am
Quoting mrmikal
B,

You have plenty of posts...why would mentioning the broker be against the rules unless it's a forbidden broker? (of which I'm not sure which ones are anymore).
Exactly
I did not even know there where "forbidden brokers"
But what the heck it's Non-Farm Payroll day anyway full of surprise. The broker that notifies me when I have orders on exit is MBT and I have been very satisfied with there operation.
  • #7
  • Last Post: May 4, 2007 11:30am May 4, 2007 11:30am
Trust me, that broker isn't forbidden.

Quoting bapxyz
Exactly
I did not even know there where "forbidden brokers"
But what the heck it's Non-Farm Payroll day anyway full of surprise. The broker that notifies me when I have orders on exit is MBT and I have been very satisfied with there operation.
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