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MT4 Brokers' Virtual Dealer Plug-In

  • #241
  • Mar 16, 2008 11:29am Mar 16, 2008 11:29am
VCap is an IB for FC Stone. You can get the same deal going directly to FC Stone that VCap would offer, but the commissions would be much cheaper by eliminating the middle man, which in this case is VCap.

Quoting elocdes
Hi,
Apologies if this has been raised here already, and not exactly on the MT topic, but below is a link to explanations of, and d/loads for several broker platforms.

This particular link explains one of the platform's ability to create & "smooth" prices, it also lets the brokers drive prices where they want, and do so for specific clients.

http://www.vcapfutures.com/forex-tra...r-fx/index.asp
. . . . and then click on the "Features" Tab for details.

Some of the "advantages" are:
* ..the TrackWheel will take the clean price and add the Market Maker's defined spread (and possible skew).
* The dealer can stop prices being broadcasted or control prices in manual mode.
* --Tiering takes the core prices---, and adds client specific tiers to these prices.
* "-- a tool for market makers to transmit client specific, tradable prices to different destinations.


Good luck.

Chris
  • #242
  • Mar 18, 2008 2:36am Mar 18, 2008 2:36am
Quoting Gnat
That site is completely biased and not even close to free journalism. Positive reports will be deleted and fake bad ones put in as long as you are not an intimate friend of Mr. Felix Homogratus ($$ will help).
But if you are willing to be a "friend", there are no boundaries to your ranking.
The problem is people on that site call any broker a "scam" if they don't fill them during news.
  • #243
  • Mar 24, 2008 9:53pm Mar 24, 2008 9:53pm
Quite so! The main issue being..., that you will certainly be "broker" if you trade real money on the OTC, non-exchange traded, spot forex market.
  • #244
  • Mar 27, 2008 8:01am Mar 27, 2008 8:01am
It would be interesting to do a list of the Metatrader brokers using this Virtual Dealer Plug in. These brokers can be identified by the 3-4 seconds delay after you click to trade until the time the order gets executed.

So far, I can see this feature with the following brokers:
- IBFX
- FXDD
- Alpari

If anyone has experience with other brokers, please share.
  • #245
  • Mar 27, 2008 8:25am Mar 27, 2008 8:25am
Quoting PipStar
It would be interesting to do a list of the Metatrader brokers using this Virtual Dealer Plug in. These brokers can be identified by the 3-4 seconds delay after you click to trade until the time the order gets executed.

So far, I can see this feature with the following brokers:
- IBFX
- FXDD
- Alpari

If anyone has experience with other brokers, please share.
are you serious? the 3-4 seconds delay criteria you chose is very superficial and not enough to determine whether a broker is using the plugin or not.all this is going to generate is yet another mass wave of paranoia about "evil" brokers because everyone that only has a basic to none knowledge of how the markets work will start "seeing" these delays in order execution and attribute them to the virtual dealer plugin which might i add, nobody seems to know what it really does and it's just pure speculation.

up until now i did not see any clear evidence showing it's bad or good.even if metaquotes removed the threads concerning it, it's still not a clear indication that it does something bad.it could've simply signaled that they're not looking forward to dealing with another mass conspiracy which will not go away no matter what they say.

oversimplifications of the type brokers=bad, traders=good, innocent and taken advantage of are never ok.
  • #246
  • Mar 27, 2008 8:58am Mar 27, 2008 8:58am
I am 90% convinced IBFX uses it, at least during news times. In the past, you would either get filled during news events (usually with slippage), or, you would get requotes. Ever since this plugin came out, I started getting different errors such as "off quotes" during news events.

Either its a coincidence that these changes all happend at the same time, or, they are using the plugin. Plus, they refuse to answer one way or another if they use it so my guess is that they do.
  • #247
  • Mar 27, 2008 10:47am Mar 27, 2008 10:47am
In order to automate their trading function, they have to use something, whatever it is officially called. The question being what is it programmed to do?
  • #248
  • Mar 27, 2008 2:40pm Mar 27, 2008 2:40pm
Quoting phy
In order to automate their trading function, they have to use something, whatever it is officially called. The question being what is it programmed to do?
If they use something like this, and people have just discovered there slipup talking about it, imagine the 500 other things they use we dont know about.
MT4 is good but will never be good without ECN real brokers and real data feeds.
  • #249
  • Mar 27, 2008 4:41pm Mar 27, 2008 4:41pm
should 4x markets be regulated?

Quoting mike43234
If they use something like this, and people have just discovered there slipup talking about it, imagine the 500 other things they use we dont know about.
MT4 is good but will never be good without ECN real brokers and real data feeds.
  • #250
  • Mar 27, 2008 8:53pm Mar 27, 2008 8:53pm
I believe that regulation is essential. Without that, brokers can leave with our money, we don't really have any protection otherwise. I agree that it has some downsides too but this is an insurance to our whole equity compared to otherwise marginal gains.

As forex is so open a market and too international in nature, we need a network of regulatory authorities across various countries (something like interpol system).

If the authority exists, I guess the virtual plug-in kind of stuff may just disappear, requotes can be minimized, scalping will be easier and any broker will not be able to run a mini market among its clients.

I think we have more organized people on board here who can have much better ideas for a concrete approach.

- Sukhen
  • #251
  • Mar 27, 2008 11:22pm Mar 27, 2008 11:22pm
ADD
poltekfx.com

Quoting PipStar
It would be interesting to do a list of the Metatrader brokers using this Virtual Dealer Plug in. These brokers can be identified by the 3-4 seconds delay after you click to trade until the time the order gets executed.

So far, I can see this feature with the following brokers:
- IBFX
- FXDD
- Alpari

If anyone has experience with other brokers, please share.
Charting Markets into the Future...MǎҖ€¥.
  • #252
  • Mar 28, 2008 3:09am Mar 28, 2008 3:09am
Quoting sukhen
I believe that regulation is essential. Without that, brokers can leave with our money, we don't really have any protection otherwise. I agree that it has some downsides too but this is an insurance to our whole equity compared to otherwise marginal gains.

As forex is so open a market and too international in nature, we need a network of regulatory authorities across various countries (something like interpol system).

If the authority exists, I guess the virtual plug-in kind of stuff may just disappear, requotes can be minimized, scalping will be easier and any broker will not be able to run a mini market among its clients.

I think we have more organized people on board here who can have much better ideas for a concrete approach.

- Sukhen

Scalping will be easier? Insurance to your equity? Oh brother... Please... all amateur traders refrain from making truly irrelevant statements. So the goal of yours is to make scalping easier? Only unsuccessful traders whine about truly trivial stuff as you can all see on these type of forums. You want insurance and scalping easier? What's next? You want all risk removed from this essentially and inherently very risky form of activity that is called currency trading? Insurance to your equity eh? Oh brother!!!
  • #253
  • Edited 4:25am Mar 28, 2008 4:13am | Edited 4:25am
Quoting mill
Scalping will be easier? Insurance to your equity? Oh brother... Please... all amateur traders refrain from making truly irrelevant statements. So the goal of yours is to make scalping easier? Only unsuccessful traders whine about truly trivial stuff as you can all see on these type of forums. You want insurance and scalping easier? What's next? You want all risk removed from this essentially and inherently very risky form of activity that is called currency trading? Insurance to your equity eh? Oh brother!!!
Hello,

First thing is...When Price of currency moves in scalping way...then what is wrong in trading along with market price....
Broker make noise about scalping since they loose by taking opposit pos.
If broker do not take opposit pos and pass direct order to bank and only earn on spread then they allow scalpers.

Scalpers are very smart traders. Understand market perfect, and knows where to enter and exit.

Scalpers takes Big Risk..quick entry and exit. since market moves quick..
and they are Most profitable, since they are smart.
I read in many thread and post as SCALPING is BAD.. but Fact is exact opposit.
When currency makes move of 100pips..it makes UP and down which can generate more pips than 100pips. and That's what Big dog DO.
When you see market generated Long signal...market first goes opposit and clear all stops and buy at better price, and then goes in correct direction. this happend all time, Scalper trade this...they trade as per market price.

Broker don't allow scalping since they don't want you to make profit.
And all brokers which don't allow Scalping are SCAM broker,,they want you to loose.

If you flood there server with continus scalping/changing orders, and overload server, then it's ok if they Stop you from Scalping.

In MT4, you will not able to do one click order.
there is no provision of default SL and TP while taking market order,
when you open new Order window .it Covers 25% of your chart space, so that you will not able to see chart clearly.
you will notice...New Order window size is Fix, and you can not remove unnessary field. this is done for purpose, to create difficulty in taking market orders.
  • #254
  • Mar 28, 2008 9:24am Mar 28, 2008 9:24am
Scalping is a perfectly legitimate trading technique.
Real brokers allow scalping but bucketshops brokers dont allow it.
Bucketshops brokers do a good job in making as if scalping is illegal; in fact they hate any strategy that makes a trader successful as they work behind the scenes to defeat it. One good example is this Virtual Dealer Plug-in which is aimed at defeating anyone trading news.
  • #255
  • Mar 28, 2008 9:51am Mar 28, 2008 9:51am
so i guess no traders is making money with retail forex broker, lets see fxcm got 100k clients ibfx got 20k and gain got 50k and there all losers becuse the broker stop them from making money.
If I Go Broke Trying Then I Will die happy.
  • #256
  • Mar 28, 2008 9:56am Mar 28, 2008 9:56am
Quoting Moe
...there all losers becuse the broker stop them from making money.
No, not all. Only 95%.
  • #257
  • Mar 28, 2008 9:57am Mar 28, 2008 9:57am
Quoting opie999
No, not all. Only 95%.
does that 95% includes you,
If I Go Broke Trying Then I Will die happy.
  • #258
  • Mar 28, 2008 10:01am Mar 28, 2008 10:01am
Lol! Not yet. But some would say it's only a matter of time, eh?
  • #259
  • Mar 28, 2008 10:29am Mar 28, 2008 10:29am
Quoting opie999
Lol! Not yet. But some would say it's only a matter of time, eh?

The house always wins
  • #260
  • Mar 28, 2008 10:40am Mar 28, 2008 10:40am
Quoting FrankTheTank
The house always wins
get out of the house
If I Go Broke Trying Then I Will die happy.
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