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Platform alternatives to Metatrader

  • #61
  • Mar 13, 2014 6:56am Mar 13, 2014 6:56am
Was hoping someone may be able to help. I have searched the internet high and low with no success. I am looking for a trading platform that allows you to open multiple batches of trades at the same time where you can see the individual net profit or net loss of that particular batch whilst those batches are open. obviously the platform will have an overall net profit taking into consideration all of your batches but I want to be able to see the independent net profit or loss of the different batches separately. The platform would also need the functionality to close an entire batch with very fast execution. A batch could contain up to 10 individual trades. ???
  • #62
  • Mar 13, 2014 9:21pm Mar 13, 2014 9:21pm
MT4 does this.
Search for Basket Trading
" check out The Traders Outpost "
  • #63
  • Mar 14, 2014 6:07pm Mar 14, 2014 6:07pm
Quoting RedLineFred
MT4 does this. Search for Basket Trading
RedLineFred, thanks for responding. Can you tell me if the function or capability for MT4 to do this is built into the platform or do you need an EA.

Cheers
  • #64
  • Mar 18, 2014 8:17am Mar 18, 2014 8:17am
Guys, look at this thread: Coding robots and indicators in C# for no charge (cTrader API)

I'm going to code some robots and indicators for anyone who is interested.
  • #65
  • Mar 18, 2014 10:21pm Mar 18, 2014 10:21pm
Quoting Alex Fly
Guys, look at this thread: Coding robots and indicators in C# for no charge (cTrader API) I'm going to code some robots and indicators for anyone who is interested.
If you are C#-coder then consider Protrader as target platform also. I saw a couple requests to make robots for it. http://www.freelancer.com/projects/C...Protrader.html for example (as far as I know that buyer is still interested).

Here is documentation for C# object model in Protrader: http://kb.protrader.net/index.php?/K...-documentation
  • #66
  • Mar 19, 2014 11:26am Mar 19, 2014 11:26am
Has anyone here worked with FastBroker's Pathfinder platform? Either the platform itself or the Powerscript language? It seems fairly close to cTrader, although at least right now, FastBrokers the only house offering it. I understand v3 will be out 'soon.'
  • #67
  • Mar 22, 2014 1:01am Mar 22, 2014 1:01am
Disclaimer - I have no vested interest in Protrader or PFSoft - other than after 6 months of researching various platforms and brokers I have found PT3 to be the absolute best.

If you think you're being scammed by MT4 and the pyramid scheme of retail brokers to sub-prime brokers etc - you're right. You're Retail Broker will claim to be ECN and STP - which in theory they are, but they are only passing you on to a MM sub-prime broker.

I have been trading LMAX for the last 3 mnths and it is the cleanest price action I've found.

If you're considering moving from MT4 then take a look at PT3, which has an inbuilt MQL converter for MT4 EAs and Indis.
  • #68
  • Apr 18, 2014 4:10am Apr 18, 2014 4:10am
LMAX uses Protrader3? I don't see that on their website.
  • #69
  • Apr 18, 2014 4:47am Apr 18, 2014 4:47am
Quoting Stearno
LMAX uses Protrader3? I don't see that on their website.
Nope. It is just a misunderstanding. LMAX can be used as one of LP of broker with Protrader. Broker FXFINPRO has LMAX as their LP (although they provide Protrader 2 at the moment).
  • #70
  • Apr 18, 2014 6:42pm Apr 18, 2014 6:42pm
Hi Stearno,

Sergey is correct - I have been using FXFinPro on PT2. Unfortunately I would not recommend FXFinPro at this time and will be living them very soon as their support is woeful.

PT3 is an outstanding platform and hopefully it will be offered by retail brokers soon.

I have also been pitching to PFSoft to offer a PT3Pro version via paid subscription with a built-in FIX or .NET bridge capability. So traders can connect to LP's such as LMAX, or big brokers who offer FIX connections, and not be tied to only those brokers who have a PT3 server.

Hopefully PT3 will be available for live trading soon.
  • #71
  • May 29, 2014 5:00am May 29, 2014 5:00am
How can i install algostudio or compile the MQL4 indicator to use in pt2? i fail to add MQL4 files ..
my problem like this...
Attached Image
  • #72
  • Jun 1, 2014 12:17pm Jun 1, 2014 12:17pm
Quoting johnnyleong
How can i install algostudio or compile the MQL4 indicator to use in pt2? i fail to add MQL4 files .. my problem like this... {image}
What is your broker? It seems they turned off algo trading.
  • #73
  • Apr 20, 2017 8:28pm Apr 20, 2017 8:28pm
To look for alternative to MT4 - a wonderful, simple platform - one must be for some reason unhappy with it. What are the reasons for your unhappiness? Once you answer that, we can help you with alternatives. NO software is going to trade for you, even if it was software made with sparkling gold and diamonds. One thing for sure, your trading success has very little to do with your software and even if you found a perfect alternative. Stop wasting time
  • #74
  • Mar 2, 2018 1:17pm Mar 2, 2018 1:17pm
The Winner Mobile Trading Platform in 2017 China Forex Expo 7th




Attached Image (click to enlarge)
Click to Enlarge Name: cTrader - Winner 2018 China Forex Expo 7th.jpg Size: 752 KB




INFO : China Forex Expo
Always looking the GREAT, never left GOOD Point...
  • #75
  • Sep 6, 2018 3:01am Sep 6, 2018 3:01am
Quoting COGnizant
ProTrader looked promising to me but there is definitely not enough brokers offering that platform. Maybe a year from now the ProTrader platform would be a viable option
Sadly still not the case. They do now have their subscription absed platform PTMC that is supported by very few brokers still. Sadly only for Windows wheras I am on a Mac.

I hate using Wine to run MT4 and I hate MT4 full stop. Protrader 3 comes native for Mac but virtually no broker supports it. I find that so hard to understand. MT4 (and MT5 as well imho) is still stuck in the stone age. There are far better and more user friendly way to do things nowadays. To me, what I gather from the video's, Protrader 3 looks good, workflow looks great and very usefull, userfriendly options. I use TradingView (another example of a modernized platform, easy to use, great worklflow and interface!) for charting and MT4 (alas) for trading with ICmarkets but would love to use Protrader 3 alongside my Tradingview.

What is holding retail brokers back in moving towards better platforms? (I know better is subjective, but ..)
  • #76
  • Sep 7, 2018 5:01am Sep 7, 2018 5:01am
Quoting Lfo8
What is holding retail brokers back in moving towards better platforms? (I know better is subjective, but ..)
Cost of course (and the vast scam tool-chain that comes along with it, well and infrastructure). You should know that. None of these platforms are for free. I.e. the MetaTrader alone costs brokers (and thus traders) probably hundreds of thousands (if not millions) of dollars per year (depending on size of broker). Any additional platform would come on top of that.. And MT is a must have, for all the new meat that comes in by the day, has heard of this fabulous nebulous platform, and the eas that makes one rich over night..
Return To Disorder
  • #77
  • Oct 4, 2018 8:24pm Oct 4, 2018 8:24pm
Quoting Tsar
Hi Folks, Would you like give INFO & REVIEW for Alternative MetaTrader platform & which the BROKERS whether the Schedule use it or already available, please ? And Directory of Forex Platform in HERE Thank's in Advance... Best Regards, Tsar NOTICE : Please, don't hesitate to provide an option in the POLL Results Because it will a great impact to the Brokers determine their choices with a trace opinion...
I recommend AlgoTerminal and I don't recommend the urge to build your custom solution, because most of the time you'll be dealing with technical issues instead of building and trading an actual Alpha (edge, strategy, whatever you call it). So many people who come from tech just spend too much time with the tech (that is what they know) and not learning the business of trading.

IB is a great choice as they are cheap and technologically very open via their IB API (it is not a REST API though, but this shouldn't matter). If you know a bit of C#, you could try these platforms based on .NET and connect them to IB API:

  1. Ninjatrader 8
  2. Multicharts .NET
  3. AlgoTerminal

There is also a cloud-based solution based on C# called QuantConnect (now they also support coding in Python and F#), which gives you plenty of data to backtest on and allows Live Trading via Interactive Brokers

TradeStation is also a great all-in-one solution (being both a brokerage and platform provider), easy to backtest/optimize/walk-forward (they have their custom programming language called EasyLanguage), good data, but as like Apple, it is a very closed ecosystem and when you get to a point where you want to build sth more complex, you'r gonna start hitting walls of paradise soon. Execution is great and the platform is very stable for Live Trading from my own experience.

So far I have mentioned some ready-to-go solutions that allow you to switch to Live Trading and spare you the troubles of developing your own execution module.
I also recommend to use a platform called Amibroker for lightning fast prototyping and backtesting ideas, the platform is great and powerful (did I mention fast?) but it doesn't have an execution module, so there's that...

Your best bet is probably Python and utilizing a GitHub project to make interacting with the broker simple. I recommend https://github.com/erdewit/ib_insync . If you are looking for less diy solution, try https://www.quantconnect.com.

Well, good luck

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  • #78
  • Oct 16, 2018 4:13pm Oct 16, 2018 4:13pm
Quoting Lfo8
{quote} Sadly still not the case. They do now have their subscription absed platform PTMC that is supported by very few brokers still. Sadly only for Windows wheras I am on a Mac. I hate using Wine to run MT4 and I hate MT4 full stop. Protrader 3 comes native for Mac but virtually no broker supports it. I find that so hard to understand. MT4 (and MT5 as well imho) is still stuck in the stone age. There are far better and more user friendly way to do things nowadays. To me, what I gather from the video's, Protrader 3 looks good, workflow looks great...
So there is absolutely no platform that is Mac-friendly that a broker also supports?

I've tried several methods of accessing Windows on my Mac, with the latest failure being AWS (Amazon Web Services) - I do not recommend. YouTube didn't have any solid recommendations. Now I'm searching forums for a solution.
  • #79
  • Oct 16, 2018 4:26pm Oct 16, 2018 4:26pm
Considering everything as a whole, there's no such better platform than MT4. For one thing, the amount of community support for MT4 EAs and indicators is incredible. There are too many things to list. Long live MetaTrader 4.
  • #80
  • Oct 17, 2018 12:21am Oct 17, 2018 12:21am
Quoting spotrate
Considering everything as a whole, there's no such better platform than MT4. For one thing, the amount of community support for MT4 EAs and indicators is incredible. There are too many things to list. Long live MetaTrader 4.
Would you say the same about the Metatrader 4 app available in the Apple Appstore?
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