I trade with MG since feb of 2003. Till some 2 years ago they had some problems with their platform during very high volatility markets, but they solved them. As all retail brokers, MG is not a platform that suits scalpers.
Which broker(s) are you trading with?
Was the process of obtaining access to the API too difficult? Did the broker required any kind of pre-operational evaluation of your algorithm?
except for opening the account and sending the money, every thing.
An automated trading program should decide about all trading parameters, execute the trades and manage them.
I was, also, about to use their services when this problem happened. Having a better look it seems the FIX protocol engine vendors can do the same job ( http://www.fixprotocol.org/products/ ). Does anybody use any of those engines?
Hi,
Is there anyone here that experienced integration of Metatrader and Currenex, in order to automate trading (feed + order management)? Is the integration Broker dependant?
Luis Guilherme Damiani
May the odds be with you !!
My main bank references are (order of importance to me):
The Bank of New York
Commerzbank
Also for daily basis reading, but for more general economic view:
Morgan Stanley GEF
That's it!
May the odds be with you !!
It seems that will have the new software (not exactly a new version of the trading platform) before the end of November.
See here: http://forum.mql4.com/4081
Sorry, I think they haven't published any information about this new version yet (Lenar told that to me by MSN).
Thanks, but as you said 6 weeks to go yet, thats a lifetime!
Luis Guilherme Damiani
May the odds be with you !!
Interesting... but I just have just known (yesterday) that Metatrader is about to launch a new version in which multiple accounts will be managed with the same expert (that's a conditio sine qua non for me). As a former operating systems programmer and havy C user I really prefer the more...
Very interesting this report, Lenar, thank you.
Specially to show to certain developers that insist in scalping systems, that they are only loosing their time and diluting whatever edge they might have into randomness.
Luis Guilherme Damiani
May the odds be with you !!
Save the world...
One must also get rid of the miths:
1) A good trading system is a simple trading system;
2) Trades must have "Take profit:Stoploss" ratio greater than 2:1 (usually wrongly called risk-reward ratio;