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Lightening FAST MT4 platform needed. Suggestions please.

  • #1
  • First Post: Jan 22, 2009 3:08am Jan 22, 2009 3:08am
Hi

i use mt4 for charts which i use to trade EURUSD with a UK based spreadbet broker.

I currently use ODL & Alpari versions of MT4 charts.

The problem is this -
ODL & alpari prices are slower than my spreadbet brokers prices. I typically therefore exit trades at a non-beneficial price (often 1 pip worse off per round turn), than i would do if i was trading using my brokers prices in the charts (which is not possible in MT4 with my SB broker).

Both these sets of charts (ODL & alpari MT4) tend to lag my brokers price updates by a fraction of a second, which is enough to cause this disadvantage of typically 1 pip per trade.



I recognise that part of this issue is due to trading with a third party broker who do not provide my MT44 chart prices. And that finding one MT4 package that had quicker price updates than one third party broker, may well seem to have slow price updates compared to another third party brokers prices.



But, what i am wanting is to find a LIGHTENING FAST MT4 chart source, specifically, for EURUSD.

Has anyone else done any research into comparing various MT4 demo accounts, against a third party brokers prices, in order to find the MT4 demo accounts that tend to have the quickest/most responsive price updates??

If so, which can you recommend that are better than ODL & alpari??


Thanks in advance for any replies.http://www.forex-tsd.com/images/smil...ular_smile.gif
  • #2
  • Jan 23, 2009 11:59pm Jan 23, 2009 11:59pm
Quoting Fulltime247
get the http://www.atcbrokers.com/index_forexpro.htm or http://www.mbtrading.com/metaTrader4Overview.aspx mt4 demo's - LIVE interbank pricing - VERY fast updates.
------------------------------------------------
yes,perhaps act is the fast one I used!
Have a good day!
  • #3
  • Jan 27, 2009 6:38am Jan 27, 2009 6:38am
Thanks for the suggestions.

i see ATC brokers have the 5th digit. i dont like this as for me it makes the chart & price a lot more slow a process to read & interpret. Like alpari who annoyingly have also added a 5th digit. The 5th digit is good in terms of trading, but bad for chart interpretation IMHO.
  • #4
  • Jan 27, 2009 9:37am Jan 27, 2009 9:37am
Quoting jimbil
Thanks for the suggestions.

i see ATC brokers have the 5th digit. i dont like this as for me it makes the chart & price a lot more slow a process to read & interpret. Like alpari who annoyingly have also added a 5th digit. The 5th digit is good in terms of trading, but bad for chart interpretation IMHO.

Have you considered trying Ikon Royal MT4? They have 4 digit spreads, fast execution, and tight spreads.
  • #5
  • Jan 29, 2009 2:43am Jan 29, 2009 2:43am
Quoting DaleC
Have you considered trying Ikon Royal MT4? They have 4 digit spreads, fast execution, and tight spreads.

Thanks Bud. this one is a speed improvement over ODL
.
  • #6
  • Apr 24, 2009 2:59am Apr 24, 2009 2:59am
Quoting DaleC
Have you considered trying Ikon Royal MT4? They have 4 digit spreads, fast execution, and tight spreads.

The Ikon Royal MT4 platform has definately slowed down over the last few weeks, against my brokers prices. So either my brokers prices are less delayed or ikon royal mt4 has slowed down.

Is anyone aware of an MT4 platform that delivers prices quicker than Ikon Royal MT4?

Many thanks.
  • #7
  • Apr 24, 2009 4:35am Apr 24, 2009 4:35am
Thanks.

the 5th decimal place is a bit of a no no for me. It takes too long to interpret what it means.
  • #8
  • May 1, 2009 4:10am May 1, 2009 4:10am
Quoting jimbil
Thanks.

the 5th decimal place is a bit of a no no for me. It takes too long to interpret what it means.
Well nice to see my status has been reinstated. Apparently you can talk all you want about brokers here, but the second you post a link, look out. "Infractions overload."

Really makes no sense at all. If I'm talking about fxpro, how hard is it to figure out what their website address is anyway? Gee, do you think it might be their name and then "dot com"?? But heaven forbid I actually type that into the post. Do that and you're banned for 2 weeks. Maybe it's just me, but I don't get it.

However, to the moderator's credit, they did reinstate me early once I requested they just do a basic "reality check" of my post, so kudos for that. But it is a strange feeling knowing I have to be extra careful what I type here for fear of the "infraction."

Anyway, my 2 cents...
  • #9
  • Apr 1, 2010 3:30pm Apr 1, 2010 3:30pm
Can anyone recommend an MT4 platform/datafeed that you have found is quick in terms of price updates, compared to slower, more lagging datafeeds that you have compared it to.

I still use IKON ROYAL MT4, but it is slower than both my brokers prices, lagging them by a fraction of a second, most of the time.

Thanks.
  • #10
  • Edited Apr 2, 2010 2:15am Apr 1, 2010 11:41pm | Edited Apr 2, 2010 2:15am
Hard to answer question. The fastest feeds are ECN and almost everyone has converted to 5 digit. Off the top of my head I'd suggest: PFGBest, FXDD MXtreme
  • #11
  • Apr 2, 2010 2:40am Apr 2, 2010 2:40am
you should really try trading slower timeframes if some milli seconds are influencing your trading. Alternatively always enter/exit with pending orders. This is also good for maintaining a normal blood pressure and reducing the risk of heart attacks.
  • #12
  • Apr 3, 2010 7:13am Apr 3, 2010 7:13am
Quoting 7bit
you should really try trading slower timeframes if some milli seconds are influencing your trading. Alternatively always enter/exit with pending orders. This is also good for maintaining a normal blood pressure and reducing the risk of heart attacks.
Hi 7bit

Timeframe has nothing to do with it.

I trade off 4 hour charts & am not a scalper.

But even if i traded off daily or weekly charts, i would want to eliminate lag.

Timeframe isnt relevant. Whatever timeframe charts you are looking at to base your trading decisions on, you should still be trading live prices, in the moment. And if there is lag from your tradeable prices to your charts - you will on occasions get well & truly screwed! This is what i want to eliminate. I want to feel confident that the solidity of my entries & exits will not be comprimised by lag - leading to a situation where i should have made 30 pips, but came out with 23, or should have lost 15 pips but lost 25 - its ridiculous & unnacceptable.

Cheers.
  • #13
  • Apr 3, 2010 7:17am Apr 3, 2010 7:17am
Quoting Aja
Hard to answer question. The fastest feeds are ECN and almost everyone has converted to 5 digit. Off the top of my head I'd suggest: PFGBest, FXDD MXtreme
Thanks Aja

yes most seem to be runnig on 5 digits now - which is a good thing - but i dont want to see the 5th digit on the chart - as it slows down my though process etc.

I told MT4 to include a tick box to enable/disable the 5th digit in charts - which would be simple to do - but theyu havent done it yet . Perhaps it needs all of us, that feel the same way, to email Metatrader en mass about this issue.
  • #14
  • Apr 14, 2010 8:11am Apr 14, 2010 8:11am
that 5th digit "feature" is there to make it easier for the broker to take your money, much like almost all the indicators. mt4 & mt5 are designed for the brokers benefit, i.e. to take money from traders (remember that this is a non-ecn, dealer desk platform) - the user friendly aspect of mt4 is just honey in the trap.

mt5 has even more insidious "features" than mt4 as well as the 5th decimal.

the 5th digit screws up the thought process and makes the mouse too slow to use.

no one needs 5 digits. if you think you do, then you are trying to make decisions with random data. i'd say that even the 4th digit is random. and what dealer desk mt4 broker allows scalping anyway?

work the larger time frames 4-hours and above with pending orders, forget fine tuning, and stay away from live trading with any metatrader broker; that platform is only good for demo trading and for brokers.
realize the universe is one thing, and attach it to your body
  • #15
  • Apr 14, 2010 4:35pm Apr 14, 2010 4:35pm
Quoting buddhi
that 5th digit "feature" is there to make it easier for the broker to take your money, much like almost all the indicators....
This post made me LOL...

The 5th digit is because of the large number of persons trading inside a 1 pip spread. Most of these are institutions taking advantage of price inefficiencies. Quotes are given in this form by liquidity providers, and always have been Brokers just used to round it off in order to benefit from the difference between A and B and to compensate for lag time.

Now with advanced infrastructure of most established brokers, the 5 digits have been introduced to replicate prices by liquidity providers (even if your order isn't going to them).
  • #16
  • Last Post: Apr 30, 2010 8:57am Apr 30, 2010 8:57am
Quoting Takisd
This post made me LOL...

The 5th digit is because of the large number of persons trading inside a 1 pip spread. Most of these are institutions taking advantage of price inefficiencies. Quotes are given in this form by liquidity providers, and always have been Brokers just used to round it off in order to benefit from the difference between A and B and to compensate for lag time.
I agree with it completely.

However MT5 could have option to reduce 5 digits into lets say 3. If someone is trading on bigger timescale or within days not minutes rounding on 3 digits on screen could be easier for traders.
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