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Difference between ECN brooker and regular?

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olzonpon
305
olzonpon 2013.06.07 10:59 

Hi wonder if anyone can tell me the difference between ECN broker and a regular broker?

Or are there more types of brokers with the metatrader platform

Sergey Golubev
Moderator
93748
Sergey Golubev 2013.06.07 11:48  
You can read this page https://www.mql5.com/en/forum/9950/page19 (incl the links uploaded on the page).
How to Start with Metatrader 5
How to Start with Metatrader 5
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How to Start with Metatrader 5.
olzonpon
305
olzonpon 2013.06.07 11:50  
newdigital:
You can read this page https://www.mql5.com/en/forum/9950/page19 (incl the links uploaded on the page).
Thanks.!
Tonny Obare
29133
Tonny Obare 2013.06.07 14:14  
regular eats from the spread while ecn from comission.
Bharamappa Gojanur
351
Bharamappa Gojanur 2013.06.07 14:24  
tonny:
regular eats from the spread while ecn from comission.
Simple and accurate.. :) thanks
olzonpon
305
olzonpon 2013.08.06 10:00  

Is an ECN brooker never ever gonna let u put TP/SL,,, so i have to modify the order.?

Or is there any ECN brooker that will let you put in TP/SL??

Sergey Golubev
Moderator
93748
Sergey Golubev 2013.08.06 10:26  
olzonpon:

Is an ECN brooker never ever gonna let u put TP/SL,,, so i have to modify the order.?

Or is there any ECN brooker that will let you put in TP/SL??

In regular broker/account - you can place the trade with simultanious tp/sl (in metatrader). if enc so we are doing it by 2 steps: at first - we are openning the trade, and after that only - we can modify this trade for tp/sl.

In Metatrader - we can easy identify enc/stp - or regular account/broker. if we can not place tp/sl duignt the openning the trade - this is enc account.

Simon Gniadkowski
Moderator
18001
Simon Gniadkowski 2013.08.06 11:43  
olzonpon:

Is an ECN brooker never ever gonna let u put TP/SL,,, so i have to modify the order.?

Or is there any ECN brooker that will let you put in TP/SL??

You could try using a Pending order at/near current price,  it's an option with some ECN "type" Brokers.
Documentation on MQL5: Standard Constants, Enumerations and Structures / Trade Constants / Order Properties
Documentation on MQL5: Standard Constants, Enumerations and Structures / Trade Constants / Order Properties
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Standard Constants, Enumerations and Structures / Trade Constants / Order Properties - Documentation on MQL5
Mirza Baig
2372
Mirza Baig 2013.08.06 16:21  
newdigital:

In regular broker/account - you can place the trade with simultanious tp/sl (in metatrader). if enc so we are doing it by 2 steps: at first - we are openning the trade, and after that only - we can modify this trade for tp/sl.

In Metatrader - we can easy identify enc/stp - or regular account/broker. if we can not place tp/sl duignt the openning the trade - this is enc account.

I think both Regular and ECN provider market execution, not instant. In Instant execution, we can place SL and TP before the trade opens. :)
Documentation on MQL5: Standard Constants, Enumerations and Structures / Environment State / Symbol Properties
Documentation on MQL5: Standard Constants, Enumerations and Structures / Environment State / Symbol Properties
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Standard Constants, Enumerations and Structures / Environment State / Symbol Properties - Documentation on MQL5
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