I have a dream...edit/close orders from your phone.

*Maybe more difficult if you dont have e-mail to SMS service.

Scenario:

*Ringtone Plays. Oh why, its a message from your trading platform running at home.

[from [email protected]]]
[to [email protected]]
[GBP/JPY: Long 50000 @ 224.24 . PnL: +150 pips. ]

w00t! Now all you need to do is move stop-loss to break even!

BUT !

You can't! You are sitting on a crapper with no computers to be seen for miles! Oh noes!


That is until you whip out your phone and send a email to ur computer!

[to: [email protected]]
[from: [email protected] ]

with shaking fingers, you type

[GBP/JPY. SET SL(+50) ]


Your computer receives email. Prewritten program deciphers msg, moves stop loss to break even on your platform.


Now you might wonder, "why bother, write a script that moves stops to break even.

The point of this scenario is that you have full discretion, at your finger tips.
The focus is on communication b/t ur phone and ur trading platform without expensive costs. (in my case, 15 cent sto receive msg, and 15 cents to send msg to computer)

Anyway, maybe this kind of service can be a reality in the future.

I guess it is possible to implement.

You would need

- program to receive, decipher, and send instructions to your broker's API.

and for Oanda, you could do without API, by using a collection of prerecorded macro functions.

What about the mobile platforms? VT Trader can be used from almost any recent phone with wap, and if you have blackberry or win mobile device, you can use the GFT platform or MT4 Mobile that look very nice in the screenshots.

I don't have tried any, but maybe you can give them a try, the Internet service might not be as cheap as one sms, but I think is more reliable, I've sent and received a lot of sms delayed, I don't know if its an issue only with my provider or if this happens anywhere, then imagine you must act quickly, and the sms arrives 1 hour late

You should post this in the metatrader section where this could be looked at.

Since MT4 only has a sendmail function and can't read mail, you would need to build a windows app that would read the email, decipher the message and store it as a text file. Then read it in via mt4 and execute the command. Mt4 has functions for reading text files. The only thing is that they must be stored in the experts/files folder.

I wish I had the time to work on this for you but I am building a black box system that interfaces with Interactive Brokers right now and just don't have time.