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Any ECN that supports MT4 ?

  • #41
  • Nov 19, 2007 12:17pm Nov 19, 2007 12:17pm
Hello Groovy,

I tried both the NDD and DD accounts.

I've had to program my strategies to work with the HotspotFX Java API.
It took me about two months, but it has been well worth it.
I didn't have any trouble with their API.

Most of myy strategies require instantaneous execution at the price I specify.
HotspotFX has a fill or cancel type of market order which is fantastic.
It's the fastest execution that I have seen from a forex broker.

The staff are great. There were a few issues, but they were always
resolved quickly. I was supported through the whole process.

Coder
  • #42
  • Nov 20, 2007 3:32am Nov 20, 2007 3:32am
Quoting Coder
Hello Groovy,

I tried both the NDD and DD accounts.

I've had to program my strategies to work with the HotspotFX Java API.
It took me about two months, but it has been well worth it.
I didn't have any trouble with their API.

Most of myy strategies require instantaneous execution at the price I specify.
HotspotFX has a fill or cancel type of market order which is fantastic.
It's the fastest execution that I have seen from a forex broker.

The staff are great. There were a few issues, but they were always
resolved quickly. I was supported through the whole process.

Coder

Coder,

I looked at HotSpot. It imbues trust, whereas forexgen... well, if i don't have this cozy trust feeling for starters, what's gonna come later. Paranoia about inability to withdraw funds, constant slippages, to name a few.

Am much more inclined to follow in your footsteps with HotSpot. I've developed some strategies on MT and one of the much more profitable one is an outright scalper. Was forward-testing it for a few weeks already on Forexgen's Metatrader with quite outstanding results despite multiple slippages (order gets executed but not at the prices you request rather giving you a disadvantage of 3-5 pips, was happening on every 3rd/4th transaction).

Would be great if you could point me in the direction of migrating MQL4 code to their Java API considering i never done Java, only JScript on occasion. Am open to share the strategy all the way down to the MQL code and do the proof of concept together. I have dedicated server 24/7 to run everything and a strong willingness to reprogram this strategy into HSpot Java API.

What say you?

Thanks and laters
Groovy
  • #43
  • Nov 20, 2007 5:56am Nov 20, 2007 5:56am
I've sent you a PM containing my email address.

Coder
  • #44
  • Dec 8, 2007 1:28am Dec 8, 2007 1:28am
No experience yet, BUT

Velocity4x now offers 2 STP (straight through processing) MT4 feeds to banks..... so they say.

Before you cringe w/ Velocity, they say they will be NFA capital compliant by Dec deadline.

The two trypes of STP accounts are "multibank" and "VIP".... multibank is a min account of 10K....

Both use http://www.ctnsystems.com/ as a backend from MT4 server.... floating spreads..... hopefully the REAL DEAL.

Am interested in others experience w/ this..... will be opening an account tenatively before 1 Jan.
  • #45
  • Dec 9, 2007 4:41am Dec 9, 2007 4:41am
see if this help. http://www.tradeviewforex.com
If I Go Broke Trying Then I Will die happy.
  • #46
  • Dec 21, 2007 11:14pm Dec 21, 2007 11:14pm
Hi,
I have built several bridges for our own use.

It can be done. You will need C or Delphi to build machine code level DLL's.

Heres what you must keep in mind..

Bucket shops are TOTALLY different than ECN's.

The biggest diff is how the orders are processed.. When MT4 places an order, it gives each one a ticket number. YOu close orders when you are done with them.. at a profit or loss...

When an order is placed with an ECN, it adds or subtracts from a position. There is no ticket concept with an ECN. Orders arent closed.. You either buy or sell to offset. Profit is more of an average or Basis for all positions being added or subtracted..

So, there is lots of fancy footwork that must go on with the translation.
Therefore, it becomes a very custom situation most times.

Craig
[email protected]
  • #47
  • Dec 22, 2007 11:50am Dec 22, 2007 11:50am
why you look only for metatrader ECN. there are a lot of ECN possibilities like with "interactive brokers" you can trade with API interface over your metatrader platform.

and this was only one example.
  • #48
  • Dec 22, 2007 9:52pm Dec 22, 2007 9:52pm
You are right.. For the most part, I have stand alone apps that talk directly to the ECN..

But,
1. Its nice to integrate an Existing EA.. or
2. Nice to use the charts and idicators in MT4
3. In my case, I like to watch 9 brokers at the same time. A bridge lets me do this at 300 times a a second..



Quoting winwin
why you look only for metatrader ECN. there are a lot of ECN possibilities like with "interactive brokers" you can trade with API interface over your metatrader platform.

and this was only one example.
  • #49
  • Dec 25, 2007 10:17am Dec 25, 2007 10:17am
I've read this thread with interest. Unfortunately, I'm not a programmer, so I need to rely on something someone else has done.

I'm not looking to trade from the charts, but I do want to use MT4 with EFX's prices.

Basically, when I look at my MT4 charts, I want to know that they're showing EFX's prices. I can do the actual trade on the EFX platform, but would love to have the prices on an MT4 chart.

So, has anyone got a plugin, or something similar, to allow EFX prices to display on MT4 charts?
  • #50
  • Dec 25, 2007 10:29am Dec 25, 2007 10:29am
Quoting In2Blues
I've read this thread with interest. Unfortunately, I'm not a programmer, so I need to rely on something someone else has done.

I'm not looking to trade from the charts, but I do want to use MT4 with EFX's prices.

Basically, when I look at my MT4 charts, I want to know that they're showing EFX's prices. I can do the actual trade on the EFX platform, but would love to have the prices on an MT4 chart.

So, has anyone got a plugin, or something similar, to allow EFX prices to display on MT4 charts?
It could be done in a few ways..

1. you could have a EA/DLL that talks to an EFX application, which in turn sends back the EFX prices to the EA.

2. You could use the Server/HUB model. This would have an application that sits between EFX and MT4. It watches the prices and signals, and dispatches the trade.


In your case, Idea 1 would be simpler and work fine.
Ive done both.
  • #51
  • Dec 25, 2007 9:52pm Dec 25, 2007 9:52pm
Quoting Ghamm
It could be done in a few ways..

1. you could have a EA/DLL that talks to an EFX application, which in turn sends back the EFX prices to the EA.

2. You could use the Server/HUB model. This would have an application that sits between EFX and MT4. It watches the prices and signals, and dispatches the trade.


In your case, Idea 1 would be simpler and work fine.
Ive done both.

Thanks, Ghamm. From what I've read so far, the DLL would be best. Like I said, I don't want to trade from the MT4 charts, I just want a chart that shows EFX's prices. I don't use EA's, either, so there's no issue there.

Now, where can I get a DLL that will work like this? I'm not a programmer and have no idea how to go about making one.
  • #52
  • Dec 26, 2007 10:25am Dec 26, 2007 10:25am
Quoting In2Blues
Thanks, Ghamm. From what I've read so far, the DLL would be best. Like I said, I don't want to trade from the MT4 charts, I just want a chart that shows EFX's prices. I don't use EA's, either, so there's no issue there.

Now, where can I get a DLL that will work like this? I'm not a programmer and have no idea how to go about making one.
I dont know of anything out of the box. it would have to be written for your needs. Out stuff is very custom. Even though I have most of it written , It would still take me about 4 hours to get what you need. I dont have a lot of time right now.
  • #53
  • Dec 26, 2007 5:49pm Dec 26, 2007 5:49pm
you can program you own API using program.
read this and some teaching courses in APi usage (ofcourse depends of API and broker, the example is for ib):
http://www.interactivebrokers.com/en...&ib_entity=llc
start reading beginner guide and so on.
  • #54
  • Dec 26, 2007 9:49pm Dec 26, 2007 9:49pm
Ghamm: Thanks for the info.

winwin: I appreciate the effort but, like I said, I'm not a programmer. I wouldn't have any idea where to start, what the syntax would be, etc.
  • #55
  • Dec 27, 2007 10:53am Dec 27, 2007 10:53am
Quoting In2Blues
Ghamm: Thanks for the info.

winwin: I appreciate the effort but, like I said, I'm not a programmer. I wouldn't have any idea where to start, what the syntax would be, etc.
Interactive is one.. Some others are Gain (forex.com) and MBtrading.
We've messed with all of those. You could hire a programmer for not too much money. Prob about 5 hours would do it..
  • #56
  • Dec 27, 2007 11:21am Dec 27, 2007 11:21am
Quoting Ghamm
Interactive is one.. Some others are Gain (forex.com) and MBtrading.
We've messed with all of those. You could hire a programmer for not too much money. Prob about 5 hours would do it..
Thanks. I'll check out MB Trading, as I'm specifically interested in EFX through MT4.
  • #57
  • Dec 27, 2007 6:26pm Dec 27, 2007 6:26pm
Quoting In2Blues
Thanks. I'll check out MB Trading, as I'm specifically interested in EFX through MT4.
EFX is an Introducing Broker for MBTrading. EFX specializes in Forex..
Even indicates this at the bottom of their web site..
  • #58
  • Dec 27, 2007 10:39pm Dec 27, 2007 10:39pm
Quoting Ghamm
EFX is an Introducing Broker for MBTrading. EFX specializes in Forex..
Even indicates this at the bottom of their web site..
Yes, I know, but I didn't think EFX had anything on their site about connecting to other software. I was going through MBT because you specifically mentioned them.

However, I see that EFX does have something there, so I'll try them first.
  • #59
  • Dec 27, 2007 10:44pm Dec 27, 2007 10:44pm
Beware of daily blackouts.... these last @15 minutes.... last I checked, entering or exiting positions is impossible then, even if you call the dealing desk!
  • #60
  • Dec 28, 2007 12:10pm Dec 28, 2007 12:10pm
Quoting In2Blues
Yes, I know, but I didn't think EFX had anything on their site about connecting to other software. I was going through MBT because you specifically mentioned them.

However, I see that EFX does have something there, so I'll try them first.
When you open an account with EFX, you are opening an account with MBtrading... The App is 100% MBtrading..

If you want to use the API, simply write your app.. Test it on a demo name and pass from EFX. When you get your account live, then use that name/pass.

The forum for API support is pretty good.


Also, as been mentioned.. The server goes down at around midnight every day. Its a pain the (*^&
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