MT4 and quote differentials | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Need simple indicator to record currency differentials real time in line 0 replies

Interest Rate and interest Rates Differentials 11 replies

Interest Rate Differentials 0 replies

MT4 Mobile Ed., How do you arrange the order of the symbols on the quote board? 1 reply

Profiting from interest rate differentials. 15 replies

MT4 and quote differentials

  • #1
  • First Post: Jan 18, 2007 8:32pm Jan 18, 2007 8:32pm
Just decided to dump my broker of 4 years "GFT" and move on to this free charting software that I have been hearing a lot about on this forum. I have to say this charting software blows away my old brokers charting software. There are some better graphics with GFT but the rest of this package is great!

I have noticed that with all three of my seperate stand alone computers the quotes and charts differ slightly. Has anyone else noticed this? Is this because of the different servers that the system scans for?

I plan on using this software and combing it with "EFX" group. Why in the hell did I stay with a dealer all these years?????

Any comments?
  • #2
  • Jan 18, 2007 9:22pm Jan 18, 2007 9:22pm
  •  tesla
  • | Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
If you're using the same broker's MT4 install on the different computers, I'd expect the #'s to be the same. If you've installed Alpari MT4 on one, NorthFinance on another, then there's going to be a difference in the pricing. Remember, broker's using MetaTrader are still retail shops and the pricing they feed you is their pricing.

Aside from that, I think MetaTrader is pretty wiz-bang cool considering the cost.
  • #3
  • Jan 18, 2007 9:44pm Jan 18, 2007 9:44pm
Thanks for your comments. I did download NorthFinance on one machine and MetaQuotes on the other. I didn't know I was doing this. Can you see any advantages to have one or the other or both?
Do you know how to place an "OCO" order to TP and SL? My first trade and I made money but I couldn't figure this out. I can't belive this is free software!

Thanks

Quoting tesla
If you're using the same broker's MT4 install on the different computers, I'd expect the #'s to be the same. If you've installed Alpari MT4 on one, NorthFinance on another, then there's going to be a difference in the pricing. Remember, broker's using MetaTrader are still retail shops and the pricing they feed you is their pricing.

Aside from that, I think MetaTrader is pretty wiz-bang cool considering the cost.
  • #4
  • Edited 11:33pm Jan 18, 2007 10:51pm | Edited 11:33pm
  •  tesla
  • | Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
Quoting steinitz
Thanks for your comments. I did download NorthFinance on one machine and MetaQuotes on the other. I didn't know I was doing this. Can you see any advantages to have one or the other or both?
I prefer NorthFinance, simply because the daily bars end at 5pm Eastern time (NY market close).

Quoting steinitz
Do you know how to place an "OCO" order to TP and SL? My first trade and I made money but I couldn't figure this out. I can't belive this is free software!
I thought you were going to trade with EFX Group and use MetaTrader for charting. Yes, you can set a take profit and a stoploss on both open positions and pending orders. It's basically OCO but it's on the original position.

http://img441.imageshack.us/img441/8064/ss1wk3.jpg

http://img251.imageshack.us/img251/6677/ss2bs6.jpg
  • #5
  • Last Post: Jan 18, 2007 11:53pm Jan 18, 2007 11:53pm
Thanks Tesla! I saw that on my platform but it wouldn't take my OCO orders. I double checked to make sure the stop and limit were appropriate for the market. I was just curious how the platform works.
Yes I will be using EFX Group and I am excited to switch over. It feels like real trading with the ECN executions.

I love seeing 0-3 PIP spreads with am ok commission. Now I will give myself a fighting chance to scalp! By the way the OCO doesn't look friendly and is not obvious. I prefer the other platform for executions.

If your handle implies "Nicola Tesla" then you rock! He is the man of all time....

Thanks

Quoting tesla
I prefer NorthFinance, simply because the daily bars end at 5pm Eastern time (NY market close).



I thought you were going to trade with EFX Group and use MetaTrader for charting. Yes, you can set a take profit and a stoploss on both open positions and pending orders. It's basically OCO but it's on the original position.

http://img441.imageshack.us/img441/8064/ss1wk3.jpg

http://img251.imageshack.us/img251/6677/ss2bs6.jpg
0 traders viewing now