MT 4 EAs don't work says broker
MT3 is unsupported by metaquotes, you won't find a broker that will have it available in a year's time. There is no point trying to code systems for it.
MT3 still viable
You may remember that we were warned not to use MT4 when it was released because of bugs. It is apparent to us that some still exist. We will take a year of trading MT3 if that is all that's left. Where did you get your information about this one year period? Brokers I spoke to today said that sounds like speculation and have no plans to stop offering MT3.
goodgoodgoodgoodgoodgoodgoodgoodgoodgoodgoodgood
We are now concentrating on MQLII for MT3. An EA on an MT4 live Acct w/ FXDD kept trading and losing after it was deleted from our desktop. FXDD couldn't stop it. 2 insiders at InterbankFX sat down with us in person and told us they never say an EA on MT4 that worked. WE ARE WORKING ON AN EA ON MT3 THAT HAS NO INDICATORS AND WORKS ON MARKET MOVEMENT ALONE. DOES ANYONE HAVE MQLII LANGUAGE THAT WILL TRIGGER TRADES ON THE BUY OR ASK AND NOT ON BARS. IN OTHER WORDS, JUST AS A TRADER WOULD PUT A TRADE ON AT THE MARKET IGNORING BARS. THANKS FOR YOUR HELP, LES
What InterbankFX mean is, they have never seen an Expert Advisor that was consistently profitable because, if they do, they mess with the data to STOP it being profitable, so they can keep your deposit to your account without ever having traded it or having it cleared.Remember they were fined for not taking margins out of accounts?Thats because they don't need to because your trades go nowhere they just mess with your trading so you lose and keep your money a 100% risk free income.
What InterbankFX mean is, they have never seen an Expert Advisor that was consistently profitable because, if they do, they mess with the data to STOP it being profitable, so they can keep your deposit to your account without ever having traded it or having it cleared.Remember they were fined for not taking margins out of accounts?Thats because they don't need to because your trades go nowhere they just mess with your trading so you lose and keep your money a 100% risk free income.
so sorry if i'm not following these quite clearly,
is it possible for some broker to 'MESS' with the price feeds in order to make someone EA's to go to their lossing positions?
if this is possible, then i might have thought of Forex as HYIP 
please CMIW
IBFX trading
Over the years we have made many trades with Expert Advisors on MT3 and manual trades on MT3 & MT4 with InterbankFX. All of these trades were opened and closed by us. I know the ower, Todd Crosland, and he does not need to MESS with trades to stay in business. His goal is to be "THE BEST" forex broker. We have never had any problems. Good luck. Sincerely, Les
is interbank messing with our trades
all i can say i s ive been with interbanfx over 3 weeks now. i trade the news with RSS Software trading live off the news. i have not been filled once yet.
supposedly they have a plug-in which restricts news trading and gives requotes all the time.
maybe, maybe not. who knows
I am in a private forum and the EA there is profitable. And it has been for a time...
I want to respect the rules here in tsd...please do not PM...I am not an advertising agent.
My point is that free public Ea's do not work...they are for testing and improving only..I have yet to find one unaltered Ea posted ready-to-go freely and publically...
ES
This is a quote.... not me!
FYI for those interested in fast trigger news trading--from
forexmastermaker:
>>I wanted to let you know what I have found out regarding the recent
execution issues and let you know some of the options available. This is
a fairly long email so I will send out a second part later in the weak
going over some additional options. On to what I have found out.
One of my contacts informed me that Meta Quotes recently released a
plug-in that allows a brokerage firm using MT4 to add an order delay
around specified times. I will give you an example to better explain how
this is used against news trader. Let's assume that there will be an
important piece of data released at 8:30 am eastern. The broker can now
set this plug-in to add a delay to your order between the times 8:28 and
8:32 such that when the order is actually received the price will have
already moved. So when the numbers come in and you execute your order,
this order is held to the side for 4 seconds and then processed. If the
price is different than what you initially clicked, the software will
just give you a re-quote.
Basically, this new plug-in will inhibit news based execution for anyone
using the MT4 platform. If everyone moved to MT3 I would assume they
would see this very quickly and likely make changes for this platform as
well. I am recommending that everyone move there funds from Interbankfx
to another firm unless you are on MT3 already. I have approached IBFX
about this issue and sent them a list of everyone that had contacted me
and the amounts of funds that they were going to lose literally
overnight and they became extremely concerned almost immediately as you
can imagine.
At this point they are going to get back to me Monday with more answers
and possibly a solution such as fixing the problem by having their
liquidity providers remove the plug in. However, I am not sure that this
will actually take place and I want to make sure you have all the facts
when making a decision such as moving your account. If you are trading
at another brokerage firm that uses MT4 I would expect they will also
implement this plug-in at some point. The Brokerages below are not
listed in any particular order.
If you want to hold out for a few days, this could be beneficial.
However, I can understand if you do not want to wait. I have put some
deals together with a few more brokerages and will continuing to add
them throughout the week. Below I will give you the additional
information I received from each FCM and the plus and minuses of each.
The First would be FXCM. As you know, I have been very leery of them in
the past; however, there are a number of changes that they have made
that led me to work with them again. The first which is a huge one
considering all of the firms going bankrupt lately is that you can sign
up with a segregated account. This ensures that if they go bankrupt or
are shut down for any reason you get first dibs on your money because
your account is considered as a secured creditors account.
Additionally they have done away with their dealing desk and have gone
to a clean pass through system that deals directly through to the banks.
Now there are pros and cons to this. The obvious good is that they have
every desire for you to be profitable because they make money strictly
on your volume which means that if you lose your account and stop
trading they stop making money. The more money you make the more trades
you make the more money they make. One of the cons to trading with the
banks is that sometimes liquidity gets scarce and this can affect
execution. I have been told that they have around 10 banks and when
comparing the available liquidity to the amount of volume done at
Interbank I believe they can handle a good bit of it. I am sure
everyone will not go to FXCM and if everyone did they definitely could
not handle the volume that is why I am setting up at multiple places. I
have been told that I may be able to get a server set aside that will
give us first
dibs on available liquidity but this is not yet solidified and may not
ever happen simply do to the legal aspects of setting something up. It
will probably depend on the amount of volume we bring as a group.
FXCM has also set their platform up to allow for execution at best price
which means you will always get filled however I don't recommend using
this setting as you may get filled at the end of a move. There is
another setting that will allow you to set a max deviation just like
Metatrader would allow you to do and they have added a One Click feature
as well. If you would like to open an account with them you can follow
this link.
https://secure2.fxcorporate.com/fxtr/?plugin=0&locale=en_US_FOREXMAST...
If you would like to open a segregated account which adds security you
will need to contact me at supp...@tradingliveonthenews.com and I can
get you the proper paperwork.
The next brokerage which has just been brought to my attention by a
small group of traders getting execution is Gain. This is another fairly
large firm however this firm would be better suited for the smaller
traders probably 20 lots and less. I have been led to believe that if
our traders have a problem getting execution that they will make the
necessary changes to ensure that we get execution however just as with
all firms there is a threshold as to what they can execute. I believe
that the best thing to do is to spread out over multiple firms that will
provide decent execution. If you open an account up with them and find
you are having problems contact me and I will have them make the
necessary changes.
Gain also has a one click execution for increased speed and they also
have a setting for max deviation which helps with execution. To open an
account with them use the link below.
https://secure.efxnow.com/NewOLS_FRXC_EN/applyforex.aspx?BC=FRXC&IBC=...
There are several more that I am working with however I am still waiting
to hear from them in regards to the volume that they can handle around
news.<<
by the way,... all the dealers have smoothing software to take out spikes and also slow the trend (you see what they want you to see)...I only know of one dealer who advertises that he does not...
https://www.forex-tsd.com/forum/commercial-talks/5944-first-200-pips-on-me-the-rest-we-will-share
EA
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
We are now concentrating on MQLII for MT3. An EA on an MT4 live Acct w/ FXDD kept trading and losing after it was deleted from our desktop. FXDD couldn't stop it. 2 insiders at InterbankFX sat down with us in person and told us they never say an EA on MT4 that worked. WE ARE WORKING ON AN EA ON MT3 THAT HAS NO INDICATORS AND WORKS ON MARKET MOVEMENT ALONE. DOES ANYONE HAVE MQLII LANGUAGE THAT WILL TRIGGER TRADES ON THE BUY OR ASK AND NOT ON BARS. IN OTHER WORDS, JUST AS A TRADER WOULD PUT A TRADE ON AT THE MARKET IGNORING BARS. THANKS FOR YOUR HELP, LES