Ecn - page 4

 

and....

...there you have it!

 
Bongo:
Sorry, MT4 and Currenex is not for mini accounts.

The banks will not bader with minis????

Min. open position is over ONE million, 10 lots on 100K.

Then it may be better to go to Dukascopy: 2.5 lots mini and the ability to automate the trading, but maybe it's not a true ECN...

 
Bongo:
Jorgka,

You are totaly wrong.

Our bridge between MT4 and Currenex working perfectly,

no requotes. What you need to adjust EA.

For example:

Sell eurusdc at 1.41632 and close 1 second later at 1.41630.

Profit was only 0.2, no 1 pip. etc.

Bongo

Please see statment.

25178 2007.10.03 16:15 sell 4.30 eurusdc 1.41632 0.00000 0.00000 2007.10.03 16:16 1.41630 0.00 0.00 0.00 8.60

25180 2007.10.03 16:16 sell 4.40 eurusdc 1.41650 0.00000 0.00000 2007.10.03 16:16 1.41640 0.00 0.00 0.00 44.00

25179 2007.10.03 16:15 buy 4.90 eurusdc 1.41640 0.00000 0.00000 2007.10.03 16:16 1.41650 0.00 0.00 0.00 49.00

25177 2007.10.03 16:15 buy 5.00 eurusdc 1.41640 0.00000 0.00000 2007.10.03 16:16 1.41650 0.00 0.00 0.00 50.00

25164 2007.10.03 16:15 buy 5.00 eurusdc 1.41690 0.00000 0.00000 2007.10.03 16:15 1.41650 0.00 0.00 0.00 -200.00

25170 2007.10.03 16:15 sell 4.30 eurusdc 1.41670 0.00000 0.00000 2007.10.03 16:15 1.41669 0.00 0.00 0.00 4.30

25169 2007.10.03 16:15 sell 3.80 eurusdc 1.41680 0.00000 0.00000 2007.10.03 16:15 1.41670 0.00 0.00 0.00 38.00

25167 2007.10.03 16:15 buy 3.60 eurusdc 1.41680 0.00000 0.00000 2007.10.03 16:15 1.41681 0.00 0.00 0.00 3.60

25165 2007.10.03 16:15 sell 3.40 gbpusdc 2.03780 0.00000 0.00000 2007.10.03 16:15 2.03773 0.00 0.00 0.00 23.80

25152 2007.10.03 16:13 sell 4.00 eurusdc 1.41720 0.00000 0.00000 2007.10.03 16:15 1.41700 0.00 0.00 0.00 80.00

25159 2007.10.03 16:14 sell 3.00 eurusdc 1.41730 0.00000 0.00000 2007.10.03 16:15 1.41700 0.00 0.00 0.00 90.00

25156 2007.10.03 16:13 sell 3.00 eurusdc 1.41730 0.00000 0.00000 2007.10.03 16:15 1.41700 0.00 0.00 0.00 90.00

25157 2007.10.03 16:14 sell 3.10 eurusdc 1.41730 0.00000 0.00000 2007.10.03 16:15 1.41700 0.00 0.00 0.00 93.00

25154 2007.10.03 16:13 sell 2.90 eurusdc 1.41730 0.00000 0.00000 2007.10.03 16:15 1.41700 0.00 0.00 0.00 87.00

Bongo, I'm happy to be wrong when I see your statement looking like this. This is the first time ever i'v seen full price display in MT4. now you mention OUR BROKER, are you meaning your part of this project who done the bridge in currenex. Care to share the details of this broker, as I would be most happy trading currenex via MT4, it's a no brainer !!!!! looks like my dream is now reality. EFX Please take note as bongo's bridge looks the goods.

Jorgka

 

Bongo, please clarify the minimum lots of trading. in your statement your trading contracts less than 1 million or 10 lots. I see your statement is trading 3.x, 5.x lots etc. or is this demo account or Live. or did you mean the minmum trading contract is 100,000 or 1 lot ??

Jorgka

 
EFXandy:
...there you have it!

I'm not sure what you mean here... You say EFX Group is an ECN. Are you agreeing that no small investor could participate, even if automated trading were available? You've already stated that very small amounts should be traded to try new ideas, but if ECN's do not permit trading with small amounts, then that's out of the question.

So when your programming effort to permit automated trading is ready, what will be the minimum investment and minimum trade...no mini-accounts? Only trades of 10 lots at a time or more? This discussion has me confused.

 

ECN and minimums, Jimven

Jimven,

We are a true ECN. I think it was Bongo who said that he can only bridge MT4 with ECNs that have a minimum of 1million. I am also confused! We have no such minimums on our system.

As far as minimums on our system, we "technically" have a minimum of micro-minis, which is a 1K lot. Commission for this lot would be $0.05/USD-based pair, or $0.1025/GBP-based pair. Here is a link to an example of how our commissions work. EFX: Experience Forex Freedom I have seen, however, traders use much smaller than micro-minis (100 USD worth w/ commission of $.005, but we do not advertise that-totally unofficial!)

Let's try to see how we can clarify this discussion, not to get passed it, but to fully understand how we can build this bridge. I am assuming if there were another way to auto-trade on an ECN, you would all be open to it....so that is what we are working on now.

Andy

EFX: Experience Forex Freedom

andy@efxgroup.com

 

Syntax question

About scripting language for automatic trading with EFX, how should the syntax of it look like? Is it a C-like programming language? Or Delphi-like?

Jeff

 
 
 
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