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Attachments: LMAX = revolution?!?
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LMAX = revolution?!?

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way, and you can make add ons for it to do pretty much anything, but it doesn't change the fact that the software is outdated and junk.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...

Well, I wouldn't go that far... we won't be seeing the end of MetaQuotes anytime soon. Given the user base that uses it, MT4 will remain an option for traders for a long time coming.

MT5 has some improvements, and I heard a rumor that they are developing MT6 as we speak to be backwards compatible with MQL4 code.

I'm not holding my breath for the next best thing since sliced bread though..
FXGears.com
When you buy a 0.1 EUR/USD position, and half an hour later another 0.1 position, in MT4 those are treated as two individual positions.

The problem with MT5 is this:

In MT5 those two positions get combined into a single 0.2 position. That's a big disadvantage. I hope MT4 stays around as long as possible
Forex is a losers game.
Quoting The Captain
You're welcome! If anyone has any questions regarding Fastbrokers, feel free to ask and I will answer.

Cheers
The Captain, do you know how to set price alert in pathfinder?
and how to show the trading history on the chart in pathfinder?
thank you.
Quoting trader121
When you buy a 0.1 EUR/USD position, and half an hour later another 0.1 position, in MT4 those are treated as two individual positions.

The problem with MT5 is this:

In MT5 those two positions get combined into a single 0.2 position. That's a big disadvantage. I hope MT4 stays around as long as possible

What the [email protected]%k are you on about? It does not matter if your multiple entries get combined into one average price. It is the *same* thing as having separate positions. Do the math.

You shouldn't be in this business if you cannot even figure out such a simple concept.
We're all stories in the end. Just try to make it a good one.
Quoting Jack_Larkin
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
Wow yeah, i forgot that part. thanks for the correction
Be the market
Quoting ramy3
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...)
yeah, i mean the native didn't have DOM. It could be modified just like brigding
Be the market
Quoting mayichina
The Captain, do you know how to set price alert in pathfinder?
and how to show the trading history on the chart in pathfinder?
thank you.
No sorry I don't know how to do either. Go on live chat with them, they will tell you how, or if it is possible.
Cap
Quoting The Captain
No sorry I don't know how to do either. Go on live chat with them, they will tell you how, or if it is possible.
thank you
Quoting Traderji
What the [email protected]%k are you on about? It does not matter if your multiple entries get combined into one average price. It is the *same* thing as having separate positions. Do the math.

You shouldn't be in this business if you cannot even figure out such a simple concept.
What you haven't thought about is the SCOPE of each position - what you are trying to achieve. One positiion may be a small scalp - the second position may be a swing trade. Each position may have a separate sl/tp, comment etc - each position is trying to achieve a different goal.

An aggregate position (MT5), although representing the same basic currency positions - have LOST INFORMATION that then must be tracked within the EA to have the same effect

So, if you want to run separate independent strategies on the same pair you have to do all that work yourself - which means letting go of some creature comforts like hard sl/tp (or not so hard in the case of some MT4 bridge implementations)

People who live in glass houses shouldn't throw stones !
Quoting trader121
When you buy a 0.1 EUR/USD position, and half an hour later another 0.1 position, in MT4 those are treated as two individual positions.

The problem with MT5 is this:

In MT5 those two positions get combined into a single 0.2 position. That's a big disadvantage. I hope MT4 stays around as long as possible
Quoting Traderji
What the [email protected]%k are you on about? It does not matter if your multiple entries get combined into one average price. It is the *same* thing as having separate positions. Do the math.

You shouldn't be in this business if you cannot even figure out such a simple concept.
Quoting ianj1
What you haven't thought about is the SCOPE of each position - what you are trying to achieve. One positiion may be a small scalp - the second position may be a swing trade. Each position may have a separate sl/tp, comment etc - each position is trying to achieve a different goal.

An aggregate position (MT5), although representing the same basic currency positions - have LOST INFORMATION that then must be tracked within the EA to have the same effect

So, if you want to run separate independent strategies on the same pair you have to do all...
Mt4 actually missed the boat when they chose to allow separate order ticket tracking in the terminal. The ONLY reason why average position was not done per same symbol for mt4 is because of the original intent of mt4: for brokers to make their own market. Outside of that, there was no logical reason to allow this that would benefit the trader. You would have a separate account in a tabbed format, use block allocation, or use an indicator/EA to track your net positions. Or you setup a special account that allows hedging. There is rarely a need for a retail trader to use hedging, especially with cash-settled products; that's more for trading physical commodities.

In order to align with the rest of the financial world (FIX protocol, exchange traded products, etc), they had to do averaging of positions on the client side. So now with mt5 the trader avoids paying two commissions and two spreads. Of course the broker wouldn't mind you hedging part or all of your own positions.....after all, you take on the risk that is normally reserved for them Plus the double commissions/spreads.

mt4 will be around for a while due to its popularity and will be offered alongside mt5. Kind of like WinXP. Microsoft is still supporting it despite having several newer operating systems. They were supposed to stop years ago, but kept extending the support because of the worldwide popularity. Just like any other technology, eventually you do have to end the support. Mt4 will be around for another 5 years at least, even after mt5 picks up steam.
Measure trends automatically with zero lag
Quoting ianj1
What you haven't thought about is the SCOPE of each position - what you are trying to achieve. One positiion may be a small scalp - the second position may be a swing trade. Each position may have a separate sl/tp, comment etc - each position is trying to achieve a different goal.

An aggregate position (MT5), although representing the same basic currency positions - have LOST INFORMATION that then must be tracked within the EA to have the same effect

So, if you want to run separate independent strategies on the same pair you have to do all...

If you want to close some of your position for a scalp pips and let the rest ride, just use limit orders with the quantity specified.

There is no information lost if you have an average entry. Seriously just *DO THE F*%KING MATH* you morons. Go through all the scenarios you can think of and compare averaged to separate. It makes no difference. Whatever you think you can do with separate entries you can do with an averaged entry.
We're all stories in the end. Just try to make it a good one.
Quoting Traderji
If you want to close some of your position for a scalp pips and let the rest ride, just use limit orders with the quantity specified.

There is no information lost if you have an average entry. Seriously just *DO THE F*%KING MATH* you morons. Go through all the scenarios you can think of and compare averaged to separate. It makes no difference. Whatever you think you can do with separate entries you can do with an averaged entry.
Whose the moron? - if you read what i posted i said you LOSE information - i didn't say anything about hedging/commission/spreads at all and i didn't say anything about a 1:1 relationship between physical and logical positions. Mt5 or any other platform could EASILY have kept the Mt4 based multiple logical positions and mapped onto an single position model using limit orders - instead you have to do it all yourself (multiple accounts and all that c*) . Yes MT4 maps into a physical position model on the broker in reality incurring additional charges - but that's not what the original posting or my response said - it stated that multiple logical positions would be missed

So read the f* answer you moron before using big words like FIX and trying to look BIG
Quoting ianj1
Whose the moron? - if you read what i posted i said you LOSE information - i didn't say anything about hedging/commission/spreads at all and i didn't say anything about a 1:1 relationship between physical and logical positions. Mt5 or any other platform could EASILY have kept the Mt4 based multiple logical positions and mapped onto an single position model using limit orders - instead you have to do it all yourself (multiple accounts and all that c*) . Yes MT4 maps into a physical position model on the broker in reality incurring additional charges...


Sigh... the lunatics have taken over the asylum.
We're all stories in the end. Just try to make it a good one.
Please Guys, keep this Thread Clean and on Topic!

Thank You
Quoting No-Luck
I have a live account with Armada.
Thank you a lot. This is quite detailed. Still, about the spreads, part say they're very tight, others - spreads are bad. I'm a bit confused?
Since Armada now pipes in their own LPs atop of LMAX, I think it's time people moved talk about them over to their own thread.
FXGears.com
Well it got moved to the evaluation forum and will probably stay there forever. I give up. You can all stay here. lol
Quoting Marv
Well it got moved to the evaluation forum and will probably stay there forever. I give up. You can all stay here. lol
Email Twee, explain that you want to get a thread for Armada so people will stop talking about them in the LMAX thread, he'll sort it out.
FXGears.com
The post was a bit enthusiastic - it could be mistaken for an ad
And since Armada elected not to buy a ff banner..
Quoting shrike
And since Armada elected not to buy a ff banner..
lol yeah. The thread would have probably stayed if it were about MBTrading or some other FF sponsor, even if the OP had a low postcount.

Commercial agendas everywhere I guess.

Quoting Jack_Larkin
Email Twee, explain that you want to get a thread for Armada so people will stop talking about them in the LMAX thread, he'll sort it out.
I think I better let it go. Somebody else can do it if they want to.
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