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Metaquotes Will No Longer Sell its MT4 Trading Platform

  • #61
  • Edited 8:56pm Jan 13, 2018 8:23pm | Edited 8:56pm
Quoting mr.brown
{quote} dream on MT4 created for desk not for STP STP/ECN Desks over MT4 over


What is STP/STP/ECN could someone tell me what these symbol,s stand for please,

as i use mt 4 and i have all way,s believed that my trade,s have been compromised in some way or another and could never work it out until i come to this forum
  • #62
  • Jan 13, 2018 8:52pm Jan 13, 2018 8:52pm
Any suggestions of where I could find proper folks who could have a grid based trading EA converted from MT4 to MT5? Not that i forsee MT4 being dumped immediately but future proofing whatever i have got just in case.
  • #63
  • Jan 13, 2018 8:59pm Jan 13, 2018 8:59pm
Quoting Dingoman-two
{quote} What is STP/STP/ECN could someone tell me what these symbol,s stand for please, as i use mt 4 and i have all way,s believed that my trade,s have been compromised in some way or another and could never work it out until i come to this forum

New to trading you are, learning to use other resources, for information, you must hmmmmmm

http://lmgtfy.com/?q=stp%2Fecn+broker
Learn, a forex trader must, unlearn and relearn he will.
  • #64
  • Edited 10:53pm Jan 13, 2018 10:43pm | Edited 10:53pm
Quoting VEEFX
{quote} Good write-up Alpha. But still, I beg to ask... does MT4 allow the same backend 'abilities' to the broker like MT4 does. if it does not, how do we know for sure it does not. Again, I am not blaming MT4 for my drawdowns as very small portion of my trading journey was mt4 based. Since i learned how to code, I have only lost $200 in last 2 yrs on MT4! It 's all my discoveries of what features are not readily available to the normal user that are exposed only via coding... with that I have a huge problem.
Hah, the scams will continue 100%. Business as usual. For this reason MT already have bad reputation among the professional traders.
I always tell people - if you really want to trade for a living, FORGET ABOUT FOREX AND FUTURES!
Forex/futures = zero sum and pure speculation.

The only place where you can make money consistently is the stock market.
The stock markets create value and economic growth and naturally the prices are always biased to the upside.
Stock trading is all about fundamentals while forex is mostly a guessing game where you try to outsmart randomness. And this is especially true in the current environment with low interest rates.

The only reason why so many people trade forex and not stocks is because the fx market is very accessible and the barrier to entry so low.
To trade stocks efficiently you need a lot more capital. At least 30-40K for a start.
  • #65
  • Jan 14, 2018 12:11am Jan 14, 2018 12:11am
Quoting alphaomega
{quote} Hah, the scams will continue 100%. Business as usual. For this reason MT already have bad reputation among the professional traders. I always tell people - if you really want to trade for a living, FORGET ABOUT FOREX AND FUTURES! Forex/futures = zero sum and pure speculation. The only place where you can make money consistently is the stock market. The stock markets create value and economic growth and naturally the prices are always biased to the upside. Stock trading is all about fundamentals while forex is mostly a guessing game where...
The stock market is huge. What specifically in the stock market is a good trading vehicle ?
  • #66
  • Jan 14, 2018 12:34am Jan 14, 2018 12:34am
Quoting alphaomega
In theory MT5 does have the potential to become the king of all trading platforms. But it's not there yet, and I have my doubts for now. The way I see it, the main idea is that MT5 does not have to be just another trading platform! MT5 have to become the operating system (OS) for traders. Just like we build and install software(apps) on top of Windows, the same way we can build and install specialized trading apps on top of MT. You don't like the standard interface? You need something more advanced? Something special? Fine! Now with mql5 you have...
Though most traders prefer MT4, MT5 will soon dominate the industry, you can imagine the type of strategies you can develop with multi-currrency back testing being done on GPU's...
  • #67
  • Jan 14, 2018 12:36am Jan 14, 2018 12:36am
Quoting Mingary
{quote} The stock market is huge. What specifically in the stock market is a good trading vehicle ?
It depends on your goals!

For example:

If you look for stable low risk return, then you can build diversified portfolio from 10-30 stocks. You invest only in big well established companies which also pay dividends and have growing sales, and positive outlook. The best time to buy such stocks is immediately after financial crisis / economic recession.
When the whole market is down 30-50%, then just buy the best stocks and forget about them for the next 5 years.

If you want higher returns, then you have to take more risk and you have to work harder!
Look for new startups, innovative companies, IPO's. Basically you have to look for the next big thing. Ask yourself, what industry will be the hottest in next 3-5 years? Where we can expect the most growth and new inventions/innovations?

And if you want to learn how to get rich quickly - send me PM!
  • #68
  • Edited 12:52am Jan 14, 2018 12:41am | Edited 12:52am
Courtesy of dailyfx.com ...
Attached Image (click to enlarge)
Click to Enlarge Name: 700F3D26-7E44-4603-AC63-EF1C4E7C4489.jpeg Size: 82 KB

(from left to right): investing —> trading ...
Market is not random but unpredictable
  • #69
  • Jan 14, 2018 2:53am Jan 14, 2018 2:53am
Quoting tylerbose
I consider anyone with over $10k trading Forex to be mentally deficient. the lack of regulations is comical, most brokers will be your counter part, some are even open about being market makers like Oanda for example. pretty much like a casino except that brokers have more control over the game. you may pass under the radar for small profits, but after a certain limit, you'll start to notice some shady stuff going on. I do not recommend forex to anyone with a serious capital, i'll be moving to Futures as soon as i have enough money for it.
Hi tylerbose,
may I ask you: What are the possibilites for brokers to trade against you?!
Or anyone know in which way they are doing so?!
Check page 1 for all infos...
  • #70
  • Edited 3:57am Jan 14, 2018 3:34am | Edited 3:57am
Quoting grandaevus
Metaquotes Will No Longer Sell its MT4 Trading Platform https://www.financemagnates.com/fore...ding-platform/ https://www.leaprate.com/forex/platf...form-licenses/
As humans, the most important skill is adapting to whatever condition reality takes you to, and this is more so important to firms who offers services to customers to exist, so I believe as time goes on all forex brokers would shift to new or competitive trading platform.
  • #71
  • Jan 14, 2018 3:56am Jan 14, 2018 3:56am
Quoting AndrewBa-
{quote} Hi tylerbose, may I ask you: What are the possibilites for brokers to trade against you?! Or anyone know in which way they are doing so?!
Basically forex trading is a counter party business with way too many participants. The odds are stacked against retail traders but that's not to say a retail trader can't succeed. So knowing such an information would nearly be impossible for retail traders, we just have to do our best to grow both in knowledge and capital. Bless
  • #72
  • Jan 14, 2018 4:04am Jan 14, 2018 4:04am
Quoting 4for4
Courtesy of dailyfx.com ... {image} (from left to right): investing —> trading ...
Sure global foreign exchange is that large but do you really believe this is what you see on your MT4 terminal?

Retail forex is ridiculously SMALL and heavily manipulated.
  • #73
  • Jan 14, 2018 4:33am Jan 14, 2018 4:33am
Quoting Dingoman-two
{quote} What is STP/STP/ECN could someone tell me what these symbol,s stand for please, as i use mt 4 and i have all way,s believed that my trade,s have been compromised in some way or another and could never work it out until i come to this forum
You don't know this terminology yet. Better start and learn well. You can visit www.babypips.com

https://www.investopedia.com/terms/s...precessing.asp
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #74
  • Jan 14, 2018 4:38am Jan 14, 2018 4:38am
Quoting Mingary
{quote} Sure global foreign exchange is that large but do you really believe this is what you see on your MT4 terminal? Retail forex is ridiculously SMALL and heavily manipulated.
Never use the long-term “buy and hold” investing technique when trading ... Always have predefined SL and TP before opening any trade ...
Winning retail forex is accomplished when we could accumulate profits periodically, not hoping for windfall profits from time to time ...
And just like other things in life, there are always two-sides to a coin ... “manipulation” can be used to our advantage too ... we can’t blame it if our methodology/strategy can’t handle that ...
Market is not random but unpredictable
  • #75
  • Jan 14, 2018 4:49am Jan 14, 2018 4:49am
Whether stock or Forex, if want to make a living out of any depends on your mindset. If you believe you cannot nothing in this universe can help you. While some are doing great in Forex, others are similarly great in Stock.
Can you handle incessant gaps in Stock???
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 9.2%
  • #76
  • Jan 14, 2018 5:00am Jan 14, 2018 5:00am
Quoting Dingoman-two
What is STP/STP/ECN could someone tell me what these symbol,s stand for please, as i use mt 4 and i have all way,s believed that my trade,s have been compromised in some way or another and could never work it out until i come to this forum
See this, and also lower portion of the three pages here, here and here.
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Attached Image
  • #77
  • Jan 14, 2018 5:06am Jan 14, 2018 5:06am
Quoting Pip-Miner
{quote} please do so , i design my strategies around broker technology reverse engineering.. Why not post it here..
if u read it, u might stop trading. one thing I can say, VDP can do anything

so its important to work w decent broker
WaBaS Where are Buyers and Sellers
  • #78
  • Jan 14, 2018 5:12am Jan 14, 2018 5:12am
Quoting Dingoman-two
{quote} What is STP/STP/ECN could someone tell me what these symbol,s stand for please, as i use mt 4 and i have all way,s believed that my trade,s have been compromised in some way or another and could never work it out until i come to this forum
ok lets work on this.
what do u think, do u think broker cheat on u?
if yes, how do u think this happens?
WaBaS Where are Buyers and Sellers
  • #79
  • Jan 14, 2018 5:15am Jan 14, 2018 5:15am
Quoting Pip-Miner
{quote} please do so , i design my strategies around broker technology reverse engineering.. Why not post it here..
there is no reverse eng for that. believe me
Attached Image (click to enlarge)
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WaBaS Where are Buyers and Sellers
  • #80
  • Jan 14, 2018 5:39am Jan 14, 2018 5:39am
Quoting 4for4
{quote} Never use the long-term “buy and hold” investing technique when trading ... Always have predefined SL and TP before opening any trade ... Winning retail forex is accomplished when we could accumulate profits periodically, not hoping for windfall profits from time to time ... And just like other things in life, there are always two-sides to a coin ... “manipulation” can be used to our advantage too ... we can’t blame it if our methodology/strategy can’t handle that ...
I am saying that the forex industry propaganda machine is always spewing out the same misinformation to entice the gullible and the greedy to lose all their money in the forex.
In this case, spot retail forex IS NOT a US 5 trillion a day market.
On a good day it's barely the size of the commodities futures market (200 billion max)
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