Wishes for MT5 - page 7
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You always have the "moussa and the elephant" act. Where the elephant is you. Don't rule out a possible depth of knowledge and awareness of your opponent. NFA is a business (and politics) that I am no stranger to.
Everything I write about MT5 is not because I need it, but only out of a sincere desire to improve the whole retail industry in serious directions, rather than tramping around.
First the Boston folks moved the mass retail market away from casino DCs in the direction of marketability via STP execution. Then MT4-ECN took a significant step forward in the industry. Now MT5...
On the other points you haven't answered. Perhaps after discussing them with your collective, you will still find a rational grain in them.
Getch, it seems to me that you haven't quite got used to the fact that there are two bars in the bar - one Ask and the other Bid, that is two curves, close to each other but different. The new five will also have a tester (?) which will do the same. Spread is not a number, but a concept - which means "difference". As for nettrading, I personally do not really understand your claims. Explain again what MT has to do with it. I understand that the type of trading will depend on the broker - the UK has its own laws and the US has its own.
(average spread).(average spread).
There are situations where Avg bars allow for more adequate market analysis than Bid bars:
Now if we look at all three situations for the Avg-bar, we can see that the 1st and 2nd cases are symmetrical and allow for analysis based on the approximate behaviour of the Bid and Ask prices. The 3rd case in general will be in the Avg-bar as if there were no jumps at all. And it is correct, because it is necessary to analyse the prices at the 3rd variant exactly by the average.
One of the hardest things to do is to explain the obvious. I can see that I have explained it badly. But I can't do better yet.
Net trading is not bad if you can reliably account for the structure of an aggregate position. There is no such possibility in MT5. For this reason, it is impossible to work simultaneously with several Expert Advisors (risk diversification by running independent strategies) on the same trading instrument. And you cannot even trade hands on the same symbol as the Expert Advisor.
The type of trading in MT5 will not depend on a broker. It will always be net trading as I wrote above.
On MT4 you have a choice regardless of broker what type of trade to use: net or lot. As it is simply an agreement on the presentation of information. Some companies (not MT4) also provide two types of trading at the same time: netting (for reporting) and lot (for trader) with virtual positions.
Trade, but don't demand deep tick charts (that's what they demand, not the last 1000 ticks).
Not everyone, I, for example, don't require deep tick charts, I really need a couple thousand last ticks. (Provided the imitation-generationof ticks in the tester is realistic, it is enough. But the latter is questionable, because different dealer brokers will have different settings of filters. And strictly speaking, the graphic output for charts is not necessary (but desirable), if only there were a program access.
One of the hardest things to do is to explain obvious things.
That's right, sometimes I think developers snap back because something is obvious to them, and those who don't see the same thing seem to be just stubborn imbeciles. :)
And as a result of "geeks" bewildered - well, why developers do not see the obvious things ...? And even rude ...! :)
Yeah.
Renat, is it possible to include an example of multicurrency indicator (for example an index of some currency) in the standard delivery, in the exemplars?
I admit that I'm just really dumb and I don't see any simple and fast way to synchronize quotes (unsynchronized due to missing null-bars).
It would be good to have a professional solution to analyze. And the indicator itself would be extremely useful - it would be easy and simple to build derivative indicators from it.
SProgrammer, right now the bar in MT5 is represented by OHLC-Bid prices and average spread. This representation has no advantage over an Ask-bar or an Avg-bar.
contains four values for
There are situations where Avg bars allow for more adequate market analysis than Bid bars:
Now if you look at all three situations for the Avg-bar, you can see that the 1st and 2nd cases are symmetrical and allow to analyze on the basis of the approximate behaviour of Bid and Ask prices. The 3rd case in general will be in the Avg-bar as if there were no jumps at all. And it is correct, because it is necessary to analyse the prices at the 3rd variant exactly by the average.
One of the hardest things to do is to explain the obvious. I can see that I have explained it badly. But so far I can't do any better.
Net trading is not bad if you can reliably account for the structure of an aggregate position. There is no such possibility in MT5. For this reason, it is impossible to work simultaneously with several Expert Advisors (risk diversification by running independent strategies) on the same trading instrument. And you cannot even trade hands on the same symbol as the Expert Advisor.
The type of trading in MT5 will not depend on a broker. It will always be net trading as I wrote above.
On MT4 you have a choice regardless of broker what type of trade to use: net or lot. As it is simply an agreement on the presentation of information. Some companies (not MT4) also provide two types of trading at the same time: netting (for reporting) and lot (for trader) with virtual positions.
:)) You're just an inventor and rationalizer!
Next time you're making a new version of your MT, do exactly that.
:)) You're quite the innovator, aren't you?
He's just a piper looking for the truth in a price change of half a pip. And now the spread is not 10 or even 5, but there is already massively less than 2 pips. But apparently it's not enough.
Such brokers are always a bastard (when they are successful on executions), and the developers "do not understand the obvious things". And also the belief that there is a system, where everything is made for him (although he has not found it yet, but he is ready to refer to it).
Renat, is it possible to include an example of multicurrency indicator (e.g. index of some currency) in the standard delivery, in the exemplars?
I admit that I'm just really dumb and do not see a simple and fast way to synchronize quotes (desynchronized due to missing null-bars).
It would be good to have a professional solution to analyze. And the indicator itself would be extremely useful - it would be easy and simple to build derivative indicators from it.
Use CopyXXX functions to access any data of any timeseries (link to documentation).
Renat, you don't know me, yet you are publicly hanging pejorative labels. You have your own view of people, stay with it.
The rest of you, don't fall for the toastiness propaganda. It's not easy to get individual terms from brokers, fighting for a few dollars less commission per million of turnover. Yes, you can say it's not much. But with a turnover of tens of billions a month the amount saved on commission comes out to be substantial. I mean substantial for people in need. Helping children with cancer, including the hopeless.
There's a thick skinned argument here - don't care about trading conditions, the strategy should work under any conditions.... Brokers are not bad, but why pay yours to them? Are you generous? Then perhaps you should channel your generosity in a different direction to the broker?
Spread is just the difference between Best Prices. Conditionality. Spreads on volumes in the tens of mio are not paltry, especially on crosses. But even on relay brokers, making as little as 500 trades a year, you are able to earn 250 extra pips, taking 0.5 pips from each trade. Once again, that's not a little. And for some people it's a lot. You can treat your work with indifference or you can respect it.