Re: Meta Trader 4
Hi BS,
FXCM could impliment MT4 in a shot, sure. However, they have decided to create a similar platform themselves. Two observations, 1)would have cost allot more than the license for MT4, in man hours if nothing else 2)Will give them complete control, not restrainable functionality for brokers like MT4, ie, the can screw with their own platform all they like.
This is copied from the FXCM thread:
"Many of you have asked about spreadbetting using the MT4 platform and whether FXCM is working to offer this. While I have seen no definitive plans as of yet, FXCM is developing a new automated trading platform as an alternative to MT4. The new platform is called Strategy Trader, and it is in beta testing at the moment. I think that those of you who have used MT4 will find it very easy to use find your way around Strategy Trader.
See the attached screenshot
Here are some of the highlights for the new platform:
- Tick Charts
- Create any time frame chart
- No bridges
- Advanced backtesting with detailed strategy/trade analysis
- Access to all fxcm order types
- Uses C# for coding, easy to hookup and debug in visual studio
- Over 150 chart indicators, one of the most powerful charting package to be offered by FXCM
The platform is currently in beta testing, and you're welcome to request a demo if you would like to join in on the beta testing:
http://www.fxcm.com/lp-strategy-trader-beta.html
Let me know if you have any questions.
-Jason"
Just think about that for a minute and consider the longevity of this offer/this newish company...Now ask yerself why fxcm havn't done it (and they could, in seconds..)
Just chucking it out there, playing devils advicate i guess. I actually like FXCM and Jason seems like a decent chap, so nothing against them. Just an observation.