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LMAX = revolution?!?

  • #1,301
  • Aug 25, 2012 7:32am Aug 25, 2012 7:32am
Quoting Demos4x
Do you mean 2 times a day?
Yes. But it didn't happened every day.


Sites like

http://www.myfxbook.com/forex-broker-spreads

and

http://www.fxintel.com/live/

are crap and useless. They don't measure every realtime tick-by-tick change.

Quoting Demos4x
But do you know some broker with better spread and with better or similar commissions?
Yes.
Problem is their order execution speed totally sucks.
That's why I mostly trade with aramda right now - but only the 3 pairs where the spread is a bit better than average: EUR/USD, USD/JPY and sometimes USD/CAD.
  • #1,302
  • Aug 26, 2012 5:30pm Aug 26, 2012 5:30pm
The trading day started and I already had 4 disconnects.

22:13:14 - 22:14:14

22:16:51 - 22:18:11

22:25:28 - 22:26:00

22:28:06 - 22:28:38

Armada MT4 Live Server Time

New negative record.
  • #1,303
  • Edited Aug 27, 2012 3:10am Aug 26, 2012 10:37pm | Edited Aug 27, 2012 3:10am
Quoting No-Luck
I compare Armada spreads tick by tick realtime with other live feeds (accounts) from other brokers. Forex is a bit more than EUR/USD.

I can say their spreads (and from LMAX) are just average and definitely not the best in the FX world.
Quoting Demos4x
Being a agressive scalper for me EURUSD is almost all the forex, but I'm starting looking at eurJPY and USDJPY
Just to be clear: I am a scalper and I only trade EURUSD and (to a lesser extent) USDJPY, only during active EURUSD market hours. That's what forex is for me.

If you're like me then this is indeed one of the best offerings you will ever find in terms of spread+commission+slippage.
  • #1,304
  • Aug 26, 2012 10:45pm Aug 26, 2012 10:45pm
Quoting No-Luck
The trading day started and I already had 4 disconnects.

22:13:14 - 22:14:14

22:16:51 - 22:18:11

22:25:28 - 22:26:00

22:28:06 - 22:28:38

Armada MT4 Live Server Time

New negative record.
did u feedback to Armada's support via live chat?
  • #1,305
  • Aug 27, 2012 3:09am Aug 27, 2012 3:09am
Quoting No-Luck
- no 1-click order execution tool
You can use MT4 scripts for that. You can find them easily for free.

Quoting No-Luck
no possibility to place the order between the spread
Incorrect. You can do that.

Quoting No-Luck
- no market depth
That's due to MT4.

Quoting No-Luck
- only MT4 (IMHO MT4 absolutely sucks!!)
Agreed, I've been complaining about this. They're working on a new proprietary platform (with market depth) and a free API. They'll be released sometime within the next months.
  • #1,306
  • Aug 27, 2012 5:40am Aug 27, 2012 5:40am
Quoting Marv
You can use MT4 scripts for that. You can find them easily for free.
Can you suggest one? I tried various one click but It seems some are dubious and the good ones are paid or exclusive to some brokers.

This moment I'm trying Stealth TradeManager but I'm having some problems, have to check it better.
  • #1,307
  • Aug 27, 2012 3:40pm Aug 27, 2012 3:40pm
Quoting Demos4x
Can you suggest one? I tried various one click but It seems some are dubious and the good ones are paid or exclusive to some brokers.

This moment I'm trying Stealth TradeManager but I'm having some problems, have to check it better.
Many people underestimate MT4. MT4 is an excellent platform. It is not a coincidence that MT4 is so widespread across many Brokers.

The beauty of MT4 is that you can create your own GUI easily to control the platform. In fact, my advice is to always use a custom gui for MT4.
Forex is a losers game.
  • #1,308
  • Aug 27, 2012 4:38pm Aug 27, 2012 4:38pm
Quoting trader121
Many people underestimate MT4. MT4 is an excellent platform.
Do feel free to explain some of the "excellence" of MT4 to the rest of us.
Cap
  • #1,309
  • Aug 27, 2012 5:24pm Aug 27, 2012 5:24pm
Quoting The Captain
Do feel free to explain some of the "excellence" of MT4 to the rest of us.
- Very easy to use
- Standard across multiple brokers
- Contains everything a trader needs
- Built-in DDE Server
- Extremely customizable (custom GUI)
- DLL interaction
- Built-in development environment for scripts and EA's
- Automatic Trading possible
- Stable and Reliable
- Integrated charting
- etc.
- Last but not least: It's free!
Forex is a losers game.
  • #1,310
  • Aug 27, 2012 6:40pm Aug 27, 2012 6:40pm
Quoting trader121
- Very easy to use
- Standard across multiple brokers
- Contains everything a trader needs
- Built-in DDE Server
- Extremely customizable (custom GUI)
- DLL interaction
- Built-in development environment for scripts and EA's
- Automatic Trading possible
- Stable and Reliable
- Integrated charting
- etc.
- Last but not least: It's free!
And so on...
Fuck Forex Factory.Wake up people.
  • #1,311
  • Aug 27, 2012 6:43pm Aug 27, 2012 6:43pm
I might even use it for charts, but it doesn't have detachable windows, and i have more than 1 screen. Another thing it doens't have is quote-windows, or anything i where i can output tabular data.

After using Neoticker (and Sierrachart prior to that) i also fail to see the excellence..
  • #1,312
  • Aug 27, 2012 6:45pm Aug 27, 2012 6:45pm
Quoting trader121
- Very easy to use
- Standard across multiple brokers
- Contains everything a trader needs
- Built-in DDE Server
- Extremely customizable (custom GUI)
- DLL interaction
- Built-in development environment for scripts and EA's
- Automatic Trading possible
- Stable and Reliable
- Integrated charting
- etc.
- Last but not least: It's free!
Something doesn't get popular because of nothing. MT4 has huge benefit.

The biggest lack is that the MT4 is not built for bridging and direct trade. Thus it has to be modified to connect to liquidity provider's pool and didn't have DOM. Something that Boston Tech improving for the MT5.
Be the market
  • #1,313
  • Aug 27, 2012 6:46pm Aug 27, 2012 6:46pm
Quoting shrike
I might even use it for charts, but it doesn't have detachable windows, and i have more than 1 screen. Another thing it doens't have is quote-windows, or anything i where i can output tabular data.

After using Neoticker (and Sierrachart prior to that) i also fail to see the excellence..
Detachable windows:
http://www.forexfactory.com/showthre...52#post5887952 #765

Pretty sure you will find the rest...
Fuck Forex Factory.Wake up people.
  • #1,314
  • Edited 7:52pm Aug 27, 2012 7:11pm | Edited 7:52pm
Quoting alvseek
Something doesn't get popular because of nothing. MT4 has huge benefit.

The biggest lack is that the MT4 is not built for bridging and direct trade. Thus it has to be modified to connect to liquidity provider's pool and didn't have DOM. Something that Boston Tech improving for the MT5.
If you mean them: http://www.bostontechnologies.com/on...ading-app.html
MT4 is included. (Depending on which ecn/stp borker buys into/offers the app...)
Fuck Forex Factory.Wake up people.
  • #1,315
  • Aug 27, 2012 7:16pm Aug 27, 2012 7:16pm
Quoting shrike
I might even use it for charts, but it doesn't have detachable windows, and i have more than 1 screen. Another thing it doens't have is quote-windows, or anything i where i can output tabular data.

After using Neoticker (and Sierrachart prior to that) i also fail to see the excellence..
Ramy already got the detachable window part, the tool he linked to works well.

For a quote table, I'm not sure what you mean exactly but try this:

With MT4 running, press F10. This should open up the "pop-up prices" window, you can set a custom font, and such by right clicking on the new window and going to properties.

Failing that, if you wanted something you can mess with in excel (table data as you said) you can always enable the DDE server from MT4's options and call the bid and ask quote feeds for any currency pair your broker supports right from within excel (where you can make your own currency board, or do whatever you'd like with the real time quote feed.)

I won't pretend that MT4 is awesome... it definitely has it's shortcomings, but quite a bit of what the average trader wants can be found either built-in or as an add-on for the platform.
FXGears.com
  • #1,316
  • Aug 27, 2012 7:19pm Aug 27, 2012 7:19pm
Quoting alvseek
Something doesn't get popular because of nothing. MT4 has huge benefit.

The biggest lack is that the MT4 is not built for bridging and direct trade. Thus it has to be modified to connect to liquidity provider's pool and didn't have DOM. Something that Boston Tech improving for the MT5.
MetaQuotes makes MetaTrader 4/5..

Boston Technologies is a 3rd party services company that supports brokers and setups MetaTrader Server for people. They also do plugins for MT.

Just being exact
FXGears.com
  • #1,317
  • Edited 7:44pm Aug 27, 2012 7:24pm | Edited 7:44pm
Quoting Jack_Larkin
I won't pretend that MT4 is awesome... it definitely has it's shortcomings, but quite a bit of what the average trader wants can be found either built-in or as an add-on for the platform.
lol, thks. average, pffff. Doing pretty good here.
Fuck Forex Factory.Wake up people.
  • #1,318
  • Aug 27, 2012 7:40pm Aug 27, 2012 7:40pm
Quoting ramy3
lol, thks. average, pffff. Doing pretty good here.
lol... Well, how about 'majority' then?

It does its job well enough, that's for sure, and I'm happy with it for my own trading if that makes you feel better.

At the end of the day, MetaQuotes started designing and planning MT4 about 10 years ago now. Since then, we've come a long way and could make better use of modern hardware (like better memory utilization, multi-threaded processors, 64bit optimization, etc..)

Like I said, it still works, and clearly it's a good choice to get comfortable with since so many brokers use it.
FXGears.com
  • #1,319
  • Aug 27, 2012 7:51pm Aug 27, 2012 7:51pm
Quoting Jack_Larkin
I won't pretend that MT4 is awesome... it definitely has it's shortcomings, but quite a bit of what the average trader wants can be found either built-in or as an add-on for the platform.
Jack has hit the nail on the head. MT4 was released ~8 years ago, and since then it has barely changed-No new features. It's execution time is painfully slow (compare it to any broker who offers API) and we all know what types of brokers Metaquotes designed this software for...

Yes, 7 years later it can be manipulated every which way, and you can make add ons for it to do pretty much anything, but it doesn't change the fact that the software is outdated and junk. If I want one-click trading (might as well be a necessity), I have to add some script designed by a broker that covers up half the chart.. If I want to detach the windows to fit my multiple monitors I have to install something else. Draw a trendline and connect it perfectly to highs or lows on a daily chart, then change the time frame to 1 or 5 minute and look at those same highs or lows. You'd think in 7 years they would have figured out how to code a trendline properly.

A lot of the most popular brokers right now are currently in the works to develop their own software, and in my opinion this is the beginning of the end for Metaquotes. This is of course unless they pull something magical out of their ass that isn't MT5.

I'm not saying you can't make money with it, and I know many people who make far more than I do using it, but it is 2012, don't tell me this is the best we have got.
Cap
  • #1,320
  • Edited 8:17pm Aug 27, 2012 7:59pm | Edited 8:17pm
Quoting The Captain
Jack has hit the nail on the head. MT4 was released ~8 years ago, and since then it has barely changed-No new features. It's execution time is painfully slow (compare it to any broker who offers API) and we all know what types of brokers Metaquotes designed this software for...

Yes, 7 years later it can be manipulated every which way, and you can make add ons for it to do pretty much anything, but it doesn't change the fact that the software is outdated and junk. If I want one-click trading (might as well be a necessity), I have to add some...
Lol,yeah,

Like the 'ass' part.

For me, it suites my needs. And, I do not really care about learning anything new in regards to a trading platform and coding. I am all set and happy.

But, you do have some good points.
Fuck Forex Factory.Wake up people.
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