I have recently found out, that Metatrader ECN is a complete failure:
- Limit Orders don’t reach the ECN network; they are set and withheld from the MT4 server until they are triggered. After they are triggered they become Market orders. Therefore, they do not influence the ECN network, one will not see it in the L2.
- The Bid/Ask prices are received/displayed at the same time. This is impossible in ECN. Bid/Ask price flow are separate entities and cannot be displayed synchronously.
Anyone else has anything to say about this?