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Please moderate your language.
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I thought I was being cheered, and if I wasn't I'm just laughing now. This is going to be an awesome connector that does things I haven't seen any other connector do. MT4 only submits market trades and that usually involves a lot of slippage. Market trades for TP, SL, pending orders. Since the numbers are known ahead of time, we can do pending orders on the ECN and we will likely eliminate slippage in most situations. That's one feature out of dozens and I probably shouldn't even say that much.
In other words, because MT4 Server is somewhat dumb, Brokers get slippage and they give it to their clients. When a broker honors your SL/TP and pending orders to the pip, I give them respect because they probably didn't get that price on your order. Since this Trading Group is all about Straight Through Processing, I had a ton of slippage on my orders, including my pending order execution. I'm going to fix that There will still be slippage, but I'm only going to allow extra pips in earnings. Positive slip only allowed. To make this work, the strategy for placing orders is actually a lot more complicated than that. I'll laugh a little if another connector tries to do the same thing because it won't work. I'll be a bit sad if they hand that to clients. |
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LinkBack to this Thread: http://www.forex-tsd.com/metatrader-brokers/7009-ecn-trading.html
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