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- Traditio replied Jan 15, 2018
Usually they are written for each platform by in house programmers, but just recently I had a mandate on IB in the US and didn't like their GUI and needed an immediate ready solution, so I used 'trade-commander' which is a specific bridge from MT4 ...
- Traditio replied Jan 15, 2018
Thanks sir. I am not a programmer at all myself, but I work together with some programming brains, ideal world... they know exactly what I don't know and vice versa, the proverbial win/win. I donot think they can reverse engineer a complex ea from ...
- Traditio replied Jan 15, 2018
I used to look down on MT4, being used to the single bank platforms and EBS. Now I think MT4 is cool, because you can trade fast and off charts. Drag and drop scripts for managing 100's of orders quickly. I love it now. In fact I now use special ...
- Traditio replied Jan 15, 2018
Post 117 explains this a bit ... (and good traders/strategies will not be b-booked, only a-booked, sry) The overall key for you is to obfuscate your single strategy/book by spreading its trades over 2 brokers and play with the 'legs' of the strategy ...
- Traditio replied Jan 14, 2018
Indeed, it's just a business model these brokers have, and it is up to us to be aware of it and adapt to and find work arounds. No point blaming them. Better find ways to circumvent their tricks and I prefer to stay inside a strongly regulated ...
- Traditio replied Jan 14, 2018
Fully agree across the board. But donot quit trading after what I mentioned if you love what you do. This has always been going on and if anything, it was worse in the past. Regulators have started to address things so it will improve gradually.
- Traditio replied Jan 14, 2018
The market dynamics and regimes change all the time, no edge is everlasting, it's constant learning and researching and adapting, I still do. As for signal provider platforms... good point. some platforms are very good and trustworthy, some not... . ...
- Traditio replied Jan 14, 2018
I know for 100 pct sure this happens, especially offshore, not as a rule but some. And I have been tipped off by 1 ex employee of a UK STP broker who was doing this. Even an STP broker... not just a market maker, had someone in a dark corner doing ...
- Traditio replied Jan 14, 2018
Yes, I am a big advocate of 1 single central exchange for FX (I think I posted this here a few days ago here), this would instantly eliminate 90 pct of all abuse. Obviously, the brokers don't like me ...
- Traditio replied Jan 14, 2018
I never take the same position with 2 brokers at the same time, only the opposite, to confuse them or at the least, not to give them my trading info. Say I go long with 1 broker same pair, but hedge the risk with the other after a certain profit ...
- Traditio replied Jan 14, 2018
Yes, it is all part of becoming a skilled trader: due diligence on all levels. selecting brokers, and all sorts of 'operational' processes. Stick with very well regulated brokers in the best jurisdictions, FCA regulated by preference. Abuse still ...
- Traditio replied Jan 14, 2018
Hard to explain in 2 minutes. There are different ways of b-booking. As a group (all clients: aggregate positions which are not hedged internally by opposing trades need to be hedged and kept in warehouse or hedged) or as individuals : some clients ...
- Traditio replied Jan 14, 2018
I was a fund trader and prop trader in a top tier bank till very recently. One has to know what goes on. If you are really good as a retail trader and do not want to be b-booked, use at least 2 different brokers to run the same book, so ...
- Traditio replied Jan 14, 2018
By the way, even NDD brokers do this, not only market making desks. MT4 allows extremely easy copying. Can be done by an employee under a fake ID on the many social trading platforms. I am surprised how un-informed so many traders are. I was absent ...
- Traditio replied Jan 14, 2018
If you are really good as a retail trader, the cheating by retail brokers doesn't stop and will take place on a different level: your a-book trades will be copied internally AND sold as a signal without you ever knowing it. They will make money on ...
- Traditio replied Jan 14, 2018
The only way to stop the cheating is when all FX takes place on 1 central exchange. And still that might not be enough.
- Traditio replied Jan 14, 2018
Indeed. The REAL daily overall spot FX turnover is 1.6 Trillion USD, it dropped from 1.9 trillion USD (2013) down to 1.6 Trln (2016), the first contraction since start of surveys... (Geez, I wonder why....) Average RETAIL daily turnover is indeed ...
- Traditio replied Jul 29, 2015
No thanks, very kind, but I figured it out in the meantime thanks to your Quick Steps. Below is the result and this is what suits me best for now. Appreciate the quick and adequate response, thanks.
- Traditio replied Jul 29, 2015
Pleasure, it's an excellent product. I'm chuffed. I was just wondering, and me being an MQL ignoramus... - see my screenshot above in post 403, - I would like to have 9 pairs in each compact Lower window instead of 6. This fills up the empty screen ...
- Traditio replied Jul 23, 2015
Bought a few days ago and subscribed. First and only MT4 thingy that I bought and will ever buy. I don't trade EA's or follow systems, never did, they are all delusional and need tweaking constantly if you happen to produce a nice one. Neither did I ...