Trading software question | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Just a fast question - Need help for an exam trading question 0 replies

Using MAM software question? 0 replies

Software question 1 reply

question about software 2 replies

Forex Analysis Software question 4 replies

Trading software question

  • #1
  • First Post: Nov 9, 2009 9:33am Nov 9, 2009 9:33am
Hi all

I’m new here, but been reading for a while.

My first question is a practical one:

I signed up for a demo account with FXSolutions and installed their trading software (GTS Pro). I notice that this software is in constant communication on the internet, getting price changes etc. (as you would expect)

Now, for technical (IT) reasons that I wont bore you with this is a bit of a problem for me. Ideally, I need software that gets price updates every 5 or 10 minutes as opposed to every 10th of a second (I’m looking at doing end of day trading so I don’t need such immediate updates). Its to do with certain constraints on my internet connection.

Is it possible to get a piece of trading software like this? If not what are my options?

Thanks in advance, please go easy on this noob.
  • #2
  • Nov 9, 2009 11:14am Nov 9, 2009 11:14am
Hi Max and welcome here,
Quote
Now, for technical (IT) reasons that I wont bore you with this is a bit of a problem for me. Ideally, I need software that gets price updates every 5 or 10 minutes as opposed to every 10th of a second (I’m looking at doing end of day trading so I don't need such immediate updates). Its to do with certain constraints on my internet connection.

if you google something like "forex livecharts" "forex charts" etc you will find a couple of browser based charts.

i don't use a chart-software except the of my broker so i cant help u out there.

i like the following link (currency live chart) (its a german site but u don't need to speak german for the charts ^^) (java based)

http://tools.godmode-trader.de/devisentracker/

regards
  • #3
  • Nov 10, 2009 3:35am Nov 10, 2009 3:35am
Thanks for that knoxxxalot

Does anyone know a broker who software allows you to configuar the times when it connects to their servers for price updates?

I'm basically looking for a trading platform that isnt hammering my internet connection several times a second.
  • #4
  • Nov 10, 2009 4:47am Nov 10, 2009 4:47am
Quoting Max Power
Thanks for that knoxxxalot

Does anyone know a broker who software allows you to configuar the times when it connects to their servers for price updates?

I'm basically looking for a trading platform that isnt hammering my internet connection several times a second.
With almost any software (e.g. MT4/MT5) you can connect, download the latest quotes/send your orders and then disconnect. It won't take more than several minutes.
  • #5
  • Nov 10, 2009 8:22am Nov 10, 2009 8:22am
Quoting enivid
With almost any software (e.g. MT4/MT5) you can connect, download the latest quotes/send your orders and then disconnect. It won't take more than several minutes.
Thanks enivid,

Is MT4/MT5 proprietary to a broker or does it work with lots of brokers?
  • #6
  • Nov 10, 2009 10:51am Nov 10, 2009 10:51am
Lots. Maybe hundreds.
  • #7
  • Nov 11, 2009 4:03am Nov 11, 2009 4:03am
I have downloaded and installed metatrader 4 but I;m confuded... how do I use this with, say, fxsolutions or oanda?

I have read here: http://www.forexfactory.com/showthread.php?t=66087 that you need to create a "bridge" and pay $600 a moth to use oandas api?
  • #8
  • Nov 11, 2009 8:03am Nov 11, 2009 8:03am
There are plenty of other brokers besides Oanda and fxsol. Try checking in the "Preferred broker" page here on FF and you will see quite a few that use mt4 (mt5 to my knowledge is only available as beta and mt4 will be around a while yet).
  • #9
  • Last Post: Nov 11, 2009 8:05am Nov 11, 2009 8:05am
You can use MT4 for free with any Forex broker that supports MetaTrader. I guess that if your current broker doesn't offer MT4 you'll either have to use bridge software or don't use MT4 at all.

Quoting Max Power
I have downloaded and installed metatrader 4 but I;m confuded... how do I use this with, say, fxsolutions or oanda?

I have read here: http://www.forexfactory.com/showthread.php?t=66087 that you need to create a "bridge" and pay $600 a moth to use oandas api?
0 traders viewing now