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MT4 vs cTrader: Which platform would you recommend? 72 replies

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cTrader Platform Brokers?

Quoting jagui
I need to know if this is possible with cTrader. With MT4 I open a position by dropping a script from the navigator to the chart. The point where the script is dropped is the stop loss. The script then open a position, set the stop loss to the dropping point, and calculate position size based on fixed % risk: the bigger is the stop loss, the smaller the position size, so I can risk the same % of account size on each trade. Can the same thing be done in cTrader?
Have you seen any of these tutorial videos?
http://www.youtube.com/user/ctrader/videos
No longer trading forex. Looking for full time job.
For your info:
Quoting cTrader
Dear Traders!

First of all, many thanks to all the FF team for allowing us to post our comments in the non-commercial threads. However, we promised the FF team that we will not promote our platform, and all our comments will be focused around cTrader/cAlgo suite functionality.

Since there was a comment about the dealing desk functionality, I will take opportunity and answer that one specifically:

  1. Broker/Bank cannot accept/reject/requote orders in any shape or form, unlike in the other platform. It's not possible on many levels (technically and philosophically);
  2. All execution is done 100% STP w/o any manual intervention across all brokers that have cTrader. Moreover, once an Order has been executed, its execution price cannot be changed by a Broker (again, unlike the other platform);
  3. cTrader does not require any bridges whatsoever, since we are fully FIX compliant (Spotware/cTrader is a full FIXProtocol.org member).

I have tried to keep answers as neutral as possible and around the functionality only.

Happy trading to all!

No longer trading forex. Looking for full time job.
i'm trading live through cTrader. Feels much like MT4 only runs lighter/faster. Big plus is that you can download the platform onto your computer, access the same platform via web through your browser, and access the light version of the platform on your smartphone. Trading through IC Markets, have no complains.

ps. what I would like to be able to do, is to link charts somehow, so that when I switch from say EUR/USD to GBP/USD on one chart, the others switch for me automatically. Or if it was possible to save profiles like in MT4, would settle for that as well.
Trax Tibidax Tibidox...
Late to the thread... What has ctrader got over mt4? Should I look at this instead?
  • Post #45
  • Quote
  • Edited 12:48am Jul 17, 2013 12:38am | Edited 12:48am
Just received notice that Myfxbook can now support cTrader platform,
http://blog.myfxbook.com/2013/07/16/...elcome-aboard/

Quoting pietro1961
Late to the thread... What has ctrader got over mt4? Should I look at this instead?
MT4 was originally designed for brokers to use like a FREE casino game console to investing clients, where your broker is also the counter-party and trades against your gambling. Brokers can also do a lot of things to your price feed which are now considered illegal and manipulative, using what is called MT4 virtual dealer plug-ins. MT4 also required a bridge to access interbank markets which adds to execution time delay. Here are two threads informing FF members about this MT4 problem:
The Structure of Forex Brokers
MT4 Brokers' Virtual Dealer Plug-In

To repeat the already mentioned advantages of cTrader over MT4 is like promoting for them (and risk getting banned), so it's better to read their website and Youtube videos. The posts in this thread actually answered your questions.
No longer trading forex. Looking for full time job.
Quoting pietro1961
Late to the thread... What has ctrader got over mt4? Should I look at this instead?
Their platform is downloadable as a standalone program, plus you can access it via your browser (web platform) - same features and looks exactly the same as the standalone platform, plus accessible via mobile - looks great on your phone.
And I like the fact that there's is no option for a broker to screw with your trades through this platform.

I can't say it's better than MT4, especially if you're heavy into indicators/custom indicators/ea's and so on. If you're not into indicators too much (they do have lots of standard indies too), you should like cTrader.

Demo trade it for a bit.
Trax Tibidax Tibidox...
mmhhh.....interesting. I should make my acquaintance with this platform.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
Hi guys !

Can the code of MT4 indicator to spilled over into cTrader?
Quoting druster
Hi guys ! Can the code of MT4 indicator to spilled over into cTrader?
cAlgo is in C#

Since cTrader/cAlgo can handle more advanced order types e.g. market orders with a range, limits (market order with a range of zero) it would make for better execution than MT4 for some now redundant MT4 EAs.

I was thinking about copying strategies over to cAlgo from MT4 via http://multiterminal.net/ but cTraders server is in LD5 and my MT4 broker is in NY4.

I'd really like to know if anyone has tried this yet?

I also heard they will convert MQL4 into C#, has anyone done this trough them?
I never traded with this platform...cTrader is suitable only for trading on ECN or not?
very nice, good price..!
Quoting mmaker
{quote} MT4 was never meant for ECN, the bridge made it impossible for clients to receive negative or inverse spreads from the interbank market. But on cTrader there is no such limitations so you can sometimes get negative/inverse spreads. MT4 ECN brokers will claim low spreads from 0pips. But cTrader ECN brokers can claim as low as -0.3pips spread on EURUSD. This is not possible on MT4 with bridge limitation. Many EA traders use MT4 with VPS. But with cTrader it is a PaaS (Platform as a Service). http://www.spotware.com/pdf/Overview.pdf...

Quite the sales pitch. If I didn't already use it I'd consider it after reading your post.
try roboforex they are great
focus while relaxed to see better
Hi there,

I trade with Whichway broker. They offer cTrader. Good for me as they are Australia based, offer AUD account. Very good customer service and platform stability.

Regards,
K.
Quoting orabi
try roboforex they are great
Quoting kermut
Hi there, I trade with Whichway broker. They offer cTrader. Good for me as they are Australia based, offer AUD account. Very good customer service and platform stability. Regards, K.
Can you guys mention the commission structure (per standard lot round trip) when recommending a cTrader broker? Thanks.
No longer trading forex. Looking for full time job.
I haven't used ctrader, but my broker, ThinkForex just announced they are going to be launching it this week, so I thought I'd take a look. Thanks for some of the information above, but I just wanted some extra input... For a manual trader, gong with market trends and VERY basic chart usage, what's the advantage? Am I better with this one or MT4?
Quoting mmaker
{quote} {quote} Can you guys mention the commission structure (per standard lot round trip) when recommending a cTrader broker? Thanks.

Hi mmaker,

The off the cuff rate is $40/M per side. However, it is negotiable based on volume.

Cheers,
K.
Gregosv, I trade with ThinkForex, I have not seen cTrader. Have it been launched? Where it is?
Quoting mmaker
{quote} This is clearly a thread dedicated to ThinkForex mentioning their cTrader. Why are you even asking it here?
I did not see it. Sorry, my good sir. I will not annoy you again...
Quoting mmaker
Just received notice that Myfxbook can now support cTrader platform, http://blog.myfxbook.com/2013/07/16/...elcome-aboard/ {quote}
Very interesting, thanks.

I've been a cTrader user for a little bit now, FxPro, nice platform and they seem to be putting in a lot of development as they update regularly with new added stuff.

Anyone know how to delete a specific object from the objects list?, I mean if you've got 10 horizontal lines on your chart how do you know which is which? I just can't work it out.
IC Markets is one:

http://www.forexfactory.com/showthread.php?t=444532

NOT TO BE TRUSTED
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