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MT4 Brokers' Virtual Dealer Plug-In

  • #601
  • Nov 11, 2010 10:51am Nov 11, 2010 10:51am
Quoting oakmonster
Since EA code is run client side, how can a broker see the code without hacking into your PC? They can probably work out the strategy, but stealing the actual code falls into conspiracy theory territory

How does your order go from your client machine to their dealing books. And much much more information is also sent along with it.
Know when to hold em, Know when to fold em!
  • #602
  • Feb 26, 2011 10:09pm Feb 26, 2011 10:09pm
Quoting Jason Rogers
All of the FXCM MT4 and standard 10k accounts are straight through processing. The $25k account mentioned was for the active trader platform which shows depth of market. Active trader has the ability to display raw spreads that we receive from the banks without mark up and a commission is charged instead. Register for a demo and you can see the live prices and liquidity.
http://www.forexfactory.com/showpost...&postcount=443


http://www.forexfactory.com/showpost...&postcount=444

This video clip shows the comparison between an fxcm trade station 'instituational ' 25k account price feed with 'raw ' spreads along side an MBT and oanda account price feed.

You can clearly see that both the later are in sync whilst the fxcm price feed lags at least several seconds at a time with a gap in prices of up to 15 pips on occassions.

This occurs several times a day during normal market conditions. When the fxcm price is 'out of sync' they wil not accept any buy or sell orders.

Inserted Video
  • #603
  • Mar 10, 2011 3:14am Mar 10, 2011 3:14am
I guess now we know why they are offering MT4, whata scam
Im with MBT I hope they are not doing it?
I have noticed very slow executions lately
Bulls are stupid Animals!especially when Im short!
  • #604
  • Mar 10, 2011 8:02am Mar 10, 2011 8:02am
Quoting LaughingDicK
http://www.forexfactory.com/showpost...&postcount=443


http://www.forexfactory.com/showpost...&postcount=444

This video clip shows the comparison between an fxcm trade station 'instituational ' 25k account price feed with 'raw ' spreads along side an MBT and oanda account price feed.

You can clearly see that both the later are in sync whilst the fxcm price feed lags at least several seconds at a time with a gap in prices of up to 15 pips on occassions.

This occurs several times a day during...
So you are saying that FXCM has their version of the virtual plug in? They cloam to be STP. What is causing the delay in the video?
  • #605
  • Edited Apr 7, 2011 7:59pm Mar 12, 2011 10:40pm | Edited Apr 7, 2011 7:59pm
Here is a guide from Metaquotes, unbelievable but true
I think I will never use MT4 again
Bulls are stupid Animals!especially when Im short!
  • #606
  • Mar 13, 2011 12:42am Mar 13, 2011 12:42am
It should be a crime to allow use of these practices and such software. No doubt other programs use similar tactics.
My comments are not to be taken as trading advice, not a financial advisor
  • #607
  • Mar 13, 2011 8:49am Mar 13, 2011 8:49am
Quoting wwwin
So you are saying that FXCM has their version of the virtual plug in?
Wouldn't you be surprised if they didn't?
  • #608
  • Mar 14, 2011 8:57pm Mar 14, 2011 8:57pm
If you want to experience this plug in in full flight, just try VantageFX. Requotes, massive delays, cannot cancel orders, wide spreads as a result. Man it's bad.
My comments are not to be taken as trading advice, not a financial advisor
  • #609
  • Mar 14, 2011 9:11pm Mar 14, 2011 9:11pm
Quoting cogs
If you want to experience this plug in in full flight, just try VantageFX. Requotes, massive delays, cannot cancel orders, wide spreads as a result. Man it's bad.
Why not email them and ask them to confirm that they don't use it, see what they say? I've only tried their demo and it seems ok.

murray
  • #610
  • Mar 15, 2011 2:38am Mar 15, 2011 2:38am
Try some regular silver trades.... requote, requote, and you really think they would answer honestly?

Yes sir we have the plugin, oh but no we aren't being dishonest and have our settings especially set so you make money....
My comments are not to be taken as trading advice, not a financial advisor
  • #611
  • Mar 15, 2011 3:21am Mar 15, 2011 3:21am
Quoting cogs
Try some regular silver trades.... requote, requote, and you really think they would answer honestly?

Yes sir we have the plugin, oh but no we aren't being dishonest and have our settings especially set so you make money....
LoL. Very happy that this thread spotted my eye, I knew for sure that such tactic exist, but didn't think that it is so massive and there is Official plug-in for doing this. What a shame for brokers. Now I know with witch weapon broker fight with me.
  • #612
  • Mar 15, 2011 3:54am Mar 15, 2011 3:54am
Quoting LaughingDicK
http://www.forexfactory.com/showpost...&postcount=443


http://www.forexfactory.com/showpost...&postcount=444

This video clip shows the comparison between an fxcm trade station 'instituational ' 25k account price feed with 'raw ' spreads along side an MBT and oanda account price feed.

You can clearly see that both the later are in sync whilst the fxcm price feed lags at least several seconds at a time with a gap in prices of up to 15 pips on occassions.

This occurs several times a day during...
if you want to check out difference price feed at the same time you can also use tradeinterceptor in the desktop you can see the feed of the broker of
FXCM GFT MBT FXSOL DUKASCOPY in one screen and live trade with FXCM and Duka.
i haven't spotted a wide difference between the FXCM feed and the other , taking in consideration that spreads on eur-usd are 1.8 2.8 an above.
this is my experience in living trading with both duka and fxcm .
  • #613
  • Mar 15, 2011 7:46pm Mar 15, 2011 7:46pm
Quoting Rfbfx
.
i haven't spotted a wide difference between the FXCM feed and the other , .
I also notised this when I tried fxcms demo,
but I thought that was normal because they markup the spread as most brokers do?
but that doesn't explain the spread jump :O
they seem to have much higer prices than other brokers,
maybe they add pips to the bid prise instead of the ask price?
I really don't know if that would make a difference anyhow?
but after seing that plugin Im not supriced much of anything,
Im suprised fxcm and dukas get any customers with that spread, OUCH!!
Bulls are stupid Animals!especially when Im short!
  • #614
  • Mar 15, 2011 8:09pm Mar 15, 2011 8:09pm
Quoting PipStar
Wouldn't you be surprised if they didn't?
Have not thought about it too much...after they raised the spread I stop using them, but I would not put it beyond their capabilities to put it mildly.
  • #615
  • Apr 2, 2011 10:46am Apr 2, 2011 10:46am
Inserted Video


This could be are only tool to fight the Plug-In
  • #616
  • Apr 3, 2011 5:36am Apr 3, 2011 5:36am
Quoting pgiani
http://youtu.be/_RSih-uqKU0?hd=1

This could be are only tool to fight the Plug-In
And I assume this Indicator is instantaneously opening & closing positions every minute or so on a LIVE ACCOUNT just to monitor if broker is indeed screwing the execution speed, increasing spread during opening/closing position, etc?
  • #617
  • Apr 3, 2011 10:39am Apr 3, 2011 10:39am
Quoting pgiani
http://youtu.be/_RSih-uqKU0?hd=1

This could be are only tool to fight the Plug-In
Thanks for sharing,
Bulls are stupid Animals!especially when Im short!
  • #618
  • Apr 3, 2011 11:36am Apr 3, 2011 11:36am
anyway, I think the best way to fight this is to stop using MT4 all together, why are those bastards at Metatrader still in buisiness, lets all go short in their stock
Bulls are stupid Animals!especially when Im short!
  • #619
  • Apr 4, 2011 3:03am Apr 4, 2011 3:03am
Quoting BurgerKing
And I assume this Indicator is instantaneously opening & closing positions every minute or so on a LIVE ACCOUNT just to monitor if broker is indeed screwing the execution speed, increasing spread during opening/closing position, etc?
Dear Burgerking the indicator does not open any trades, it analyzed your or any expert opening/closing trades. It only indicates if the broker is messing with your trades, it does not trade for you.
  • #620
  • Apr 4, 2011 5:02am Apr 4, 2011 5:02am
Quoting roughtrader
anyway, I think the best way to fight this is to stop using MT4 all together, why are those bastards at Metatrader still in buisiness, lets all go short in their stock
It's not just Metatrader. Brokers who use other platforms also have their own version of the virtual dealer plugin.
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