I know a gay. He made a bridge between Currenex and MT4.
He offered this bridge to MT4 brokers, they tested, they were satisfy
but nobody want to show a bridge to the traders. What is the problem?
Market Maker Brokers want to stay bucket store…anyway????
B.

I heard of things like this, I think I might have one but it was released privately, not to be distributed, highly unstable and closed source. I think he's just placing orders and not reading ticks. Cracking the protocol would be highly useful for MT4, even just sending it a heartbeat every second or 5 seconds would be useful. If I don't get some other resources, I might work on that but it means dsniff, disassembler, memory dumpers, tracers, etc. I estimate 2-4 weeks worth of work to send a heartbeat maybe ticks, but I have been known to get lucky with things like that before. If someone wants to commission this, I know places and people to ask for this kind of work.

First of all Daraknor,

You've basically read my mind and spilled it all out here!

I'm realizing finding the right ECN broker that can satisfy us is a much bigger game.

I've ditched MBtSDK, since all it is just accessing their platform.

I'm currently using Expert Advisort on MT4, I would LOVE TO HAVE IT TRANSLATED TO CONNECT TO ECN.

I'm also looking in to using QuickFIX engine with Ruby. Python is awesome too. I just hate it that many ECN only support java, .NET products.

So far, there is NO plans for any major ECN to form relationship with Metatraders. I've contacted MB TRading, but they gave a bit of ambiguity in their reponse, "perhaps in the future."

I feel ECN is crucial in mimizing risks in my system, since my system scalps like mad across all currencies, low pip spread, immediate execution, liquidity, is crucial.

I've read somewhere about a centralized clearing house for Forex, supported by one of the major American exchanges. I forgot which, but basicall counterparty risk is eliminated. Perhaps useful for huge lot orders. And as a scalper, trading 1 lot isn't going nowhere.

anways, daraknor, I would love to speak with you on IM or something like that. Could you share your experience with QuickFIX as well? I'm currently running windows, and is there a way to get it working Ruby? I heard some people on windows use python/ruby wrapper.

Cheers,

jjk2

Hi Daraknor,

You're right there are several ways to get the quotes into this bunch of modules/scripts > txt files, mysql, postgresql, beancounter, metastock but to populate these files or db there is no code around yet... should be done with FIX API implementation...

Also there is no real trade management implemented to really put orders and manage them with the broker...

There seem to be alot of optimization possible to get these scripts to execute faster which is actually crucial in ECN trading ....

And last but not least there is quite some work to do to handle ECN BID/ASK,BID Volume, ASK Volume tick quotes... and to chart or adapt indicators for that....

So I tried out all the other free linux proggies from the links page of Technical Analysis Library and Software .... some in python, some in java, etc... just to figure out there is none of them doing what I really am looking for...

I even rechecked all windows charting apps to find out that all they need to chart something is :
-Tick date : where the best resolution is ONE second == 1'000 milliseconds !!!
-Ask or bid : not both...anyway who cares when the spread is fixed ???
-Volume : <NULL>

Wow, no volume ? what no volume in forex ? the 1.5 trillion dollars a day market ? I remember my math teacher saying 249.495x0.0 = 0.0000 so if there's no volume traded why does the price change ???

Why are there soooo many charting apps just getting rid of this information for forex but have means to track volume in stocks, futures, etc...

This just can't be I thought, I have the volume info, it's real money changing hands... not tick volume, lot volume or whatever number an unknown random
function returns....

Even if the info I have does not represent the whole forex market or doesn't even scale down to a microscopic part of it...

I have this info and it's just ticking in front of my eyes and I can trade this quote right here right now...

So there was no way I would just throw away this info, remembering that knowledge is power !!! and I had to find out how to use it to my benefits...

Until I just discovered this guys blog ... just plain crazy charts and analysis stuff about bid,ask volume and new ways to chart this ...

I just had a short look but it was obvious that this was the little dreamtool I was dreaming to program and there's no way mt would handle this...

Check for yourselves Hartle & Flow

Just handing that out plain for the people interested... If there's some feedback we can make more chapters out of this... searching a little I found a downloadable version not even bothering for my email and details... gonna be checking this for the next days/weeks

To be continued....

I'm doing some work with the Python wrapper to QuickFIX right now. MBTrading sends their quotes through a separate protocol, and uses FIX 4.4 for orders.

We might be starting some work between another MT4 execution group and myself to reverse engineer the MT4 protocol. Interested parties please IM me. We will be using packet sniffers and acting as a proxy server. All other methods of connecting EA with other brokers just get messy.

Even after exposing the protocol of MT4, we wouldn't be able to make MT4 directly compatible with an ECN so my primary goal right now is to make the python server that can talk to ECN.

In order to get MT4 capabilities on ECN as people have requested (rather than use my custom platform exclusively) I have been looking into the MT4 protocol. I posted some entry level discussion stuff and packet dumps in the Elite section.

PM me if interested, read the Elite thread first if you have access.

It is a pity that you have sent it to the paid place. Although I am interested an perhaps helpful I will not join you there.

__________________
Lot of pips in black.
Searching for professional MetaTrader programming service? Try http://www.mqlservice.net

I'm just not sure how much to say publicly. I'll PM you the contents of my post there.

bgcfx.com says:

We are in the middle of developing this very platform.
Our Currenex liquidity will be put into the MT4 platform to enable our
customers the benefits of very tight pricing and the functionality of
MT4.


BGC FX
FX Liquidity
BGC Partners
19th Floor
One Churchill Place
London E14 5RD

are u their customer?any comment about them?

__________________
~~Keep The Faith~~