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CoesFX and MT4

  • #61
  • Sep 8, 2006 12:18pm Sep 8, 2006 12:18pm
The recent 196 update wont update.
  • #62
  • Sep 9, 2006 11:45am Sep 9, 2006 11:45am
Quoting BurgerKing
The recent 196 update wont update.
Neither did mine. Grrrr....

It says it is 196, but something is wrong.

I just started using my StrategyBuilderFX version so I can play with the visualization option included with 196 when testing EA's.
  • #63
  • Sep 9, 2006 1:58pm Sep 9, 2006 1:58pm
mine updated OK. But, I don't know whether mine is the SpotTrader one, or just the MT4 from MetaQuotes. I think it's the latter and I'm just using the CoesFX server files.
  • #64
  • Sep 9, 2006 4:16pm Sep 9, 2006 4:16pm
Quoting stockwet
mine updated OK. But, I don't know whether mine is the SpotTrader one, or just the MT4 from MetaQuotes. I think it's the latter and I'm just using the CoesFX server files.
If you have the SpotTrader one, it will say so and be called "SpotTrader". I was wondering whether I could access my account using the StrategyBuilderFX version. Joe sent me the link to the COESFX MT4 platform so I just assumed the account would only operate using it.
  • #65
  • Sep 9, 2006 6:45pm Sep 9, 2006 6:45pm
Yes you can. There's a thread in here called "MetaTrader Server Files". Look for that and it explains how. I've attached the server files here.
Attached File(s)
File Type: zip spotfx.zip   < 1 KB | 256 downloads
  • #66
  • Sep 10, 2006 3:40am Sep 10, 2006 3:40am
can someone tell me what or the spreads like on coesfx/mt4 platofrm
If I Go Broke Trying Then I Will die happy.
  • #67
  • Sep 10, 2006 9:32am Sep 10, 2006 9:32am
Quoting stockwet
Yes you can. There's a thread in here called "MetaTrader Server Files". Look for that and it explains how. I've attached the server files here.
Wonderful, I found it. I had not seen it before. Thanks again.

I am wondering since I signed up via StrategyBuilderFX but ended up under SpotTrader whether I will be benefitting from the $5/trade deal that StrategyBuilderFX has arranged. I will have to contact Joe and find out. It seems some of the people at COESFX are not informed of the arrangement.
  • #68
  • Sep 10, 2006 3:31pm Sep 10, 2006 3:31pm
Quoting forest
Wonderful, I found it. I had not seen it before. Thanks again.

I am wondering since I signed up via StrategyBuilderFX but ended up under SpotTrader whether I will be benefitting from the $5/trade deal that StrategyBuilderFX has arranged. I will have to contact Joe and find out. It seems some of the people at COESFX are not informed of the arrangement.
I asked Joe about that and he told me they would be ending that arrangement with SBFX since it undercuts their own business. I'll ask him again
  • #69
  • Sep 10, 2006 3:36pm Sep 10, 2006 3:36pm
Quoting Moe
can someone tell me what or the spreads like on coesfx/mt4 platofrm
I'm not sure the Gold quote can be traded.
Attached Image
  • #70
  • Sep 11, 2006 2:53am Sep 11, 2006 2:53am
So, I know it is possible to get bad ticks. And demo servers certainly have their fair share of them. But look at this on the spotfx demo. Do you think this is bad ticks, or reflective of the non-dealing nature of their feed? Or is it just business as usual in retail forex?

-CS

http://www.cubesteak.com/images/coesfx-spotfx-pic.gif
Attached Image
  • #71
  • Sep 11, 2006 3:15am Sep 11, 2006 3:15am
Your question was already answered ...

http://www.forexfactory.com/forexfor...3&postcount=55

- stockwet


Quoting cubesteak
So, I know it is possible to get bad ticks. And demo servers certainly have their fair share of them. But look at this on the spotfx demo. Do you think this is bad ticks, or reflective of the non-dealing nature of their feed? Or is it just business as usual in retail forex?

-CS

http://www.cubesteak.com/images/coesfx-spotfx-pic.gif
  • #72
  • Sep 11, 2006 10:40am Sep 11, 2006 10:40am
Quoting stockwet
I asked Joe about that and he told me they would be ending that arrangement with SBFX since it undercuts their own business. I'll ask him again
Hehe, I think the answer is contained within...

http://www.strategybuilderfx.com/sho...215#post170215

oops!:surprised
  • #73
  • Sep 11, 2006 11:46am Sep 11, 2006 11:46am
Just some information I am passing on, having just spoken to Joe at COESFX about a couple of issues.

1:50 leverage on a standard account
1:100 leverage if you don't hold over the weekend. You must sign an agreement stating you will not do so.

If you have a standard account, you can trade minilots through it. However as with any broker accepting less than a full lot (contrary to rumors of interbank accepting minilots), it will be going through a dealing desk and basketed with other orders to create a full lot.

Of note: this mini-lot order is placed via COESFX with a third party. The third party only receives the order, they do not know what your stops are within MT4.

He will be getting back to me in regards to why the MT4 196 update is not showing the visual mode of backtesting.

Still waiting to hear the downside of using this broker. The NFA issue is not significant.
  • #74
  • Sep 11, 2006 4:11pm Sep 11, 2006 4:11pm
It is my guess the 196 is not updating in SpotTrader because they use a whitelable version of MT4 that is special for direct routing to the ECN. Therefore the regular update does not work.

I am not sure of this, but from what I have been reading, that seems like the obvious explaination.
  • #75
  • Sep 11, 2006 8:02pm Sep 11, 2006 8:02pm
Hi there:- Good thread. I picked it up by chance while looking for info on SBFX Dealers. Personally, one of the big issues with this SBFX package is the deceit that is built into it.

To explain, I feel that this package is marketed as a trading platform that will enable the server to discriminate to all clients or individual clients. Without a specific example, I have been using several of the SBFX demo accounts and have been comparing the quotes - not a good argument basis - and slippage and account activity. My impression is that the software will profile you as the client and approach the data feed to you accordingly. i.e. on one account, I was practising a "scalping" technique and it was surpising, how after just a few scalps how the account activity changed. Quotes were delayed - over or under quoted - just for the intent, I felt, to intimidate me into exiting the trade.

Refer to forest's post and link to SBFX and ask yourself the question, Why has coesfx backed out?

I would not recommend this platform to anyone who is serious about investing money through it to a broker. Its OK to play with and thats it.
It is easy to use and therein lies the trap. Users say to themselves, this is user friendly, good charting , etc. They do not see the other end of the equation because they are basically honest and trusting. Thats it!
  • #76
  • Sep 12, 2006 12:48am Sep 12, 2006 12:48am
why would they profile you on a demo?

Quoting Learningboy
Without a specific example, I have been using several of the SBFX demo accounts and have been comparing the quotes - not a good argument basis - and slippage and account activity. My impression is that the software will profile you as the client and approach the data feed to you accordingly.
  • #77
  • Sep 12, 2006 2:27am Sep 12, 2006 2:27am
Hi there ycomp:- The only reason I could think of is that they run the demo as per their real-time traders. It is just built in to their procedure. Incidentally, they also had a habit of knocking one's stops out. To trade with moderate profit I put long stops and watched the action to exit manually. I found that I could enter a trade by waiting for the stop hunt and predicting an entry which almost always guaranteed a "safe" entry if the stop hunting was active. If it wasn't active. I didn't enter. No loss either.

Hope this helps
  • #78
  • Sep 12, 2006 3:02am Sep 12, 2006 3:02am
Quote
why is the MT4 196 update is not showing the visual mode of backtesting.
To see it you have to widen the backtester, otherwise it won't be viewable. The demo has spikes that are not on the live MT4 server (they are working on that) which will kick stops, so it's hard to backtest or forward test it reliably. It has only been running a few weeks, and they are working on the problems.
  • #79
  • Sep 12, 2006 4:27am Sep 12, 2006 4:27am
Quoting Learningboy
Hi there ycomp:- The only reason I could think of is that they run the demo as per their real-time traders. It is just built in to their procedure. Incidentally, they also had a habit of knocking one's stops out. To trade with moderate profit I put long stops and watched the action to exit manually. I found that I could enter a trade by waiting for the stop hunt and predicting an entry which almost always guaranteed a "safe" entry if the stop hunting was active. If it wasn't active. I didn't enter. No loss either.

Hope this helps
Hi Learningboy,

Could you provide some evidence of what you experienced? Perhaps some screenshots or MT4 logs showing the kind of delays you experienced.

Honestly, I think there are a couple of issues at play. First, you're comparing 2 different things. The SBFX package was provided by SBFX, who linked into the CoesFX feed. This forum discusses the in-house integration CoesFX did with MT4. How SBFX setup and managed their server and feeds isn't relevant to the topic at hand. Also, like ycomp, I'm wondering why in the world a broker would target you on a demo account. You have a good theory, but, I don't know that it's realistic. I work with some pretty sophisticated technologies myself and you're introducing artificial intelligence into the mix on a real-time basis. I'm sure we would have heard some rumors about this from somewhere.

It seems to be a common thing these days to bash CoesFX based on rumors about their demise and their NFA switch to SpotFX. What's really interesting is that when you talk to the guys who actually trade LIVE with them, you find a tremendous amount of satisfaction. Look through the FF posts and you'll find that Scott and even Merlin highly recommends CoesFX.

stockwet
  • #80
  • Sep 12, 2006 7:05am Sep 12, 2006 7:05am
There were a couple of recent updates on 09/09/06 regarding COESfx.

I am not allowed to post a link here - PM me if you want to know. There are many more which are mostly negative.

I do not endorse the comments below but reproduce them for your convenience and discussion.

I received a number of fake positive reviews from this company, which shows their very low level of integrity.
Rating: SCAM
Date of Post: 09/09/06
Review: COESfx is blowing smoke op everyone’s “donkey”. With The MT4 they are trying to promote MT4 isn’t even theirs or dose it executes into their ECN!! Not though Mini’s nor normal accounts. I know this because we were asked to evaluate MT4/Coesfx API a couple months back.

In fact it’s imposable to get MT4 API to execute properly into any ECN API; the infrastructures just do not work together. So Knowing to Promote MT4 into ECN especially to IB would be a home run so they came up with another scheme to offer it anyway. What they do is pretty simple yet very convincing.

Thay use a cfgtrader white labeled MT4 (thay admit this with mini’s to throw users off) they run their ECN feeds into the MT4 server (that’s why when comparing COESfx MT4 to CoesFX ECN demo’s they are the same prices) but the execution side ( your trade) is not routed into CoesFX ECN, instead it’s routed to a retail dealing desk cfgtrader who owns the MT4 server.

Now this is not a crime but it’s defiantly misleading, thought we should let all know what you’re getting into, I hate when firms try misleading us. It’s rather simple to verify this; just ask the COESfx rep for a MT4 demo and a corresponding CoesFX in-house platform demo, if MT4 is truly placing orders into CoesFX ECN you will see trades corresponding into their in-house platform, if not the trades are not executing into the ECN their going somewhere else .
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