I have been working with the platform provided by ****.com. They have a unique feature which i don`t find with metatrader.
They have a feature that lets you close all the positions for a particular currency pair, in just a couple of clicks!.
They have a trailing stop feature that is easily customizable in a few clicks, for every single order.
But, their indicators are the worst, in a sense that technical traders wouldn`t be able to benefit much, since they are not upto the mark.
Unlike metatrader, they don`t have any quick reference for bar/candle data, which is considered an added advantage for metatrader.
In metatrader platform, everything is more than an advantage to the average trader. When you place the mouse pointer over a candle, you get all the details of that candle.... wow! But, in **** platform, if you place the pointer anywhere on the chart, you just place it... nothing you can get out of it.
Line studies? They`re the worst of their kind for i have suffered badly, trying to connect a high and a low for a fibonacci retracement and it`s like an overlay. But, in metatrader it`s all vector!.
Just imagine a kid trying to draw a sketch of a house for someone
--- That`s how **** platform is.
Just imagine a highly skilled professional architect making arcs and straight lines, bends, curves and producing a magnificent virtual reality version of a house plan...
--- That`s how metatrader platform is.
After all this, i changed my mind... having such good broker providing such superb platform and so many countless things, how foolish i was to have changed broker!.
[mod note: please don't mention other brokers. It gives them pagerank benefits. Post edited.]
meta trader is the best platform, most "custom" indicators work with it and it is simple and complicated at once, even if i use other brokers i use the mt4 for tech.anal.
MoOoDy Wrote:meta trader is the best platform, most "custom" indicators work with it and it is simple and complicated at once, even if i use other brokers i use the mt4 for tech.anal.
lol, i used to do that. But, i found that the candles of either brokers differ to quite an extent!. So, you might consider technical analysis only over weekly/monthly... i think...
FxLoser Wrote:MoOoDy Wrote:meta trader is the best platform, most "custom" indicators work with it and it is simple and complicated at once, even if i use other brokers i use the mt4 for tech.anal.
lol, i used to do that. But, i found that the candles of either brokers differ to quite an extent!. So, you might consider technical analysis only over weekly/monthly... i think...
The reason why the candles can differ is that the prices can come from different sources. Forex isn't a centralised market so one bank can give a vastly different price compared to the next one.
But i think for technical analysis, the metatrader for FxOpen shows perfect candles, that you can support your trading with, i used metatrader for many other brokers and i had variations with the daily pivots, support and resistance, but in meta trader FxOpen it does not differ much from the pivots announced in other websites "Forex related", its not a compliment for FxOpen its just my experience
MoOoDy Wrote:But i think for technical analysis, the metatrader for FxOpen shows perfect candles, that you can support your trading with, i used metatrader for many other brokers and i had variations with the daily pivots, support and resistance, but in meta trader FxOpen it does not differ much from the pivots announced in other websites "Forex related", its not a compliment for FxOpen its just my experience
Fxopen's quotes come from over 300 banks so they should be quite good
RebateFX Wrote:MoOoDy Wrote:But i think for technical analysis, the metatrader for FxOpen shows perfect candles, that you can support your trading with, i used metatrader for many other brokers and i had variations with the daily pivots, support and resistance, but in meta trader FxOpen it does not differ much from the pivots announced in other websites "Forex related", its not a compliment for FxOpen its just my experience
Fxopen's quotes come from over 300 banks so they should be quite good
Wow, how is that?? i thought it is only one provider of the qoute, as it is live qoute, so how does the MT4 give us only one price ?
MoOoDy Wrote:RebateFX Wrote:MoOoDy Wrote:But i think for technical analysis, the metatrader for FxOpen shows perfect candles, that you can support your trading with, i used metatrader for many other brokers and i had variations with the daily pivots, support and resistance, but in meta trader FxOpen it does not differ much from the pivots announced in other websites "Forex related", its not a compliment for FxOpen its just my experience
Fxopen's quotes come from over 300 banks so they should be quite good
Wow, how is that?? i thought it is only one provider of the qoute, as it is live qoute, so how does the MT4 give us only one price ?
May be, it`s just a consolidation of many prices, or may be the most frequent price from all the banks... like a median would be selected ...
FxLoser Wrote:MoOoDy Wrote:RebateFX Wrote:MoOoDy Wrote:But i think for technical analysis, the metatrader for FxOpen shows perfect candles, that you can support your trading with, i used metatrader for many other brokers and i had variations with the daily pivots, support and resistance, but in meta trader FxOpen it does not differ much from the pivots announced in other websites "Forex related", its not a compliment for FxOpen its just my experience
Fxopen's quotes come from over 300 banks so they should be quite good
Wow, how is that?? i thought it is only one provider of the qoute, as it is live qoute, so how does the MT4 give us only one price ?
May be, it`s just a consolidation of many prices, or may be the most frequent price from all the banks... like a median would be selected ...
Thats is the reasonable answer
, but this means that we have the price later than the true, to calculate the median price
FxLoser Wrote:MoOoDy Wrote:RebateFX Wrote:MoOoDy Wrote:But i think for technical analysis, the metatrader for FxOpen shows perfect candles, that you can support your trading with, i used metatrader for many other brokers and i had variations with the daily pivots, support and resistance, but in meta trader FxOpen it does not differ much from the pivots announced in other websites "Forex related", its not a compliment for FxOpen its just my experience
Fxopen's quotes come from over 300 banks so they should be quite good
Wow, how is that?? i thought it is only one provider of the qoute, as it is live qoute, so how does the MT4 give us only one price ?
May be, it`s just a consolidation of many prices, or may be the most frequent price from all the banks... like a median would be selected ...
That's about right. The most common price to deliver the most fills would be the price given I imagine.
MoOoDy Wrote:FxLoser Wrote:MoOoDy Wrote:RebateFX Wrote:MoOoDy Wrote:But i think for technical analysis, the metatrader for FxOpen shows perfect candles, that you can support your trading with, i used metatrader for many other brokers and i had variations with the daily pivots, support and resistance, but in meta trader FxOpen it does not differ much from the pivots announced in other websites "Forex related", its not a compliment for FxOpen its just my experience
Fxopen's quotes come from over 300 banks so they should be quite good
Wow, how is that?? i thought it is only one provider of the qoute, as it is live qoute, so how does the MT4 give us only one price ?
May be, it`s just a consolidation of many prices, or may be the most frequent price from all the banks... like a median would be selected ...
Thats is the reasonable answer , but this means that we have the price later than the true, to calculate the median price
Really, we are talking micro seconds here. On that subject, there are some people with scripts that take advantage of those delays. The broker can detect this so don't buy the script if someone offers to sell it to you. Your profit would get deleted, your deposit returned and you will be told politely to go try it somewhere else