you can have sub accounts for hedging with interactive.

Hedging is really for clueless idiots who have no idea about TRADING PROBABILITIES



eL

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developer of professional quality expert advisors for fully automated trading

Yes, I meant for single accounts, which is all I have. Just feel it's necessary to point out the cons as well as the pros!

Don't agree with your view of hedging though...

omelette,

thx for the information but i don't really understand why should MT4 wait for the bucket broker tick when the only datafeed going into MT4 is the IB feed. maybe this is necessary when using an EA to trade, but i'm thinking more to get the analysis done in MT4 and then manually enter the trades in IB in first step. the next step would then be having an EA doing that for those working with EA's. i'm not referring to scalping here as this is generally not to suggest no matter what platform you use.

tsdpka

I'm sure someone will correct me if I'm wrong (don't think I am though...) but MT's DDE Server function is one way - you cannot use MT as a client to read data , just 'serve' data to other apps. It's just not in Metaquotes interest to allow you to chart/trade with non-MT brokers. This means that the only way to get IB data into MT is via a DLL which is what the API is. While the API has continuous access to IB, every EA/indicator can only 'do work' when MT receives a tick, and as you know, sometimes minutes can go by waiting for a tick - not helpful in general, and especially if you want to scalp!

I should say that I was thinking about historical data when I replied to your original question. You can read price quotes into MT via the API right now, but I'm not sure how you would go about charting it as price-bars, or even if it's possible!

omellete,

very well explained. yes, now i see your point. do you have more information on how to get this API (where to get it, installation instructions etc.) for real time charts in MT4 via IB datafeed? please keep us informing on that topic.

thx a lot
tsdpka

Why not just write or buy a simple charting application ? its far easier, quicker and cheaper than messing about trying to force MT into doing something its designed specifically not to do.

If someone was able to do what you want, and it started to be used widely, I can guarantee you that metatrader would simply change the encryption algorithm that MT uses to process the data feed and your solution would stop working.

Why should MT provide everyone with a free charting application ?

The API is available here - twslink : TWSLink

As I suggested, it may not even be possible to chart IB price-data - there is no problem displaying the data as a moving average, but price bars, maybe...

Just did some checking and there is an EA called 'Custom Period_v1' that updates an offline chart in realtime, so using this technique, it may be possible to chart IB pricedata. Not for the faint-hearted though as you also will have to become very familiar with the 30-40 or so API commands...

when you get to that level why not just use tradestation?

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Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com

There is a spread equivalent to 2.5 pips on Tradestation on mini lots

IB rocks and is amazing .............just 1 pip on gbp/usd
many spreads all day at 0.5 pip

and very liquid

El Cid

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developer of professional quality expert advisors for fully automated trading

the main reason is because MT4 is recently offering analysis functions in many cases either for free or you can have some concepts getting developed as functions at a more or less reasonable price. IB is offering datafeeds for almost all worlwide traded instruments (at least all electronically traded) for a very reasonable monthly fee (something about 10 $). therefore combining the two would be the perfect solution. but let's put your question in an other way. why not having ECN and currenex brokers offering MT4 as a further analysis tool or even execution tool ? it would attract more new customers to them. i've no idea how MT4 is working for brokers and dont know the price structure for them but is it so expensive for them or what else speaks against it ? anyone with more details on pro and contra for brokers offering MT4 frontend tools ?

tsdpka