Smart Live Markets - Spread Bet on MT4

[gle101]

Hello
Well Latent prices are prices that basically are out of date. Let me try and explain.

With the best will in the world, from the mighty Citi Bank all the way down to your local green grocer, if they put prices out over the internet then there will be a delay from the price leaving their price engine or distributor to it showing up on your screen, you dealing on it and then it going all the way back to be confirmed.

This usually takes microseconds and all companies do everything they can to make this delay as tiny as possible.

However there are instances, sometimes due to Geography, ie living in New Zealand and dealing with a company in London, or having a poor or slow internet (broadband) connection which cause this microsecond delay to become larger.

Also over big numbers, like Unemployment numbers or retail sales for example, with the massive increase of price updates over a small amount of time this can slow down the speed in which price updates occur, again only fractionally, but it adds up.

Some people do deal when figures come out hoping to catch a move, and there is nothing wrong with that. It is when you are dealing deliberately on a wrong or latent price that there becomes an issue.

What some people try and do is take advantage of this. They may have another price feed from a more local source, or one which is indicative only, but faster. They can compare the two either manually or usually they automate it, and if they see a price discrepancy then they attempt to deal on the wrong price.

Some people call this arbitrage, but it is not really. It is an attempt to deliberately deal on a price that is latent, due to the reasons mentioned above.

This phenomenon does not affect 99% of clients. However there is a small minority who specialise in it, and invariably they get found out, and if that is all they are trying to do then the trading company/brokers do not like it, as the client is not trading or even trying to trade on a correct price.

It is only to be expected that in any industry you will always get people ‘trying it on’ and it is always a battle to distinguish between those and the majority of people who trade normally.

Regards
SLM

If a client price order is sent to your servers, that doesn't reflect the underlaying asset you can re-quote (which you in fact already do). A trader trade on the prices given by the SB (technical price feed error an exception). Of course many SB traders today have a fast external price feed on which they based their decision trading.

 

[gle101]

Hi
I cannot go into too much detail on this case.
We did not introduce delays to this client, merely an extra price check, which is nothing against MiFID as I have mentioned before. We are just as entitled to be protected under MiFID as everyone else. It was put in place to protect all parties.

With regards to your thoughts on SB prices, well I would have thought 1 point on the FTSE,DAX,CAC etc was good, as is 1 pip on EURUSD and 2 on GBPUSD, and remind me of the commission or brokerage you pay + VAT to spread betting companies compared to the market ?? Hmmmm ... oh yes .. Nothing !

It is very easy to pick up on something and point out negative points. I do that myself. But I really do feel people should not assume the worst about people. Some of us genuinely are trying to make things better.

Regards
SLM

Who said anything about being negative, some sour grapes along the way is only healthy.

 

[Ross Spur]

Hi
I cannot go into too much detail on this case.
We did not introduce delays to this client, merely an extra price check, which is nothing against MiFID as I have mentioned before. We are just as entitled to be protected under MiFID as everyone else. It was put in place to protect all parties.

With regards to your thoughts on SB prices, well I would have thought 1 point on the FTSE,DAX,CAC etc was good, as is 1 pip on EURUSD and 2 on GBPUSD, and remind me of the commission or brokerage you pay + VAT to spread betting companies compared to the market ?? Hmmmm ... oh yes .. Nothing !

It is very easy to pick up on something and point out negative points. I do that myself. But I really do feel people should not assume the worst about people. Some of us genuinely are trying to make things better.

Regards
SLM

I wasn't really assuming the worst about anyone or anything. The world of SB has improved greatly in recent years, and SLM with Metatrader is another step forward... 1pt spread on FTSE/DAX and 2pt on WS30 is very good, but not as good as 0.5pt and 1pt.

 

[Black Swan]

Hey Paul

unsubscribed from thread.............................PEACE

So you've 'seen the light' have you, now you've been on a course with..well..LOL.....good luck with that..fly to the light...

 

[francisfinley]

how would i enter a trade in one metatrader and have it replicate/show up in another metatrader?

are there any EA's that do this?

 

[Tenapenny]

how would i enter a trade in one metatrader and have it replicate/show up in another metatrader?

are there any EA's that do this?

How do you mean? Same broker, different chart or different broker?

 

[francisfinley]

How do you mean? Same broker, different chart or different broker?

different broker.

the myfxbook sucks up what trades have been made in an EA. there must be a way of having orders duplicate into a different broker.

 

[Tenapenny]

different broker.

the myfxbook sucks up what trades have been made in an EA. there must be a way of having orders duplicate into a different broker.

Not sure, but with a different broker I would imagine they have to be managed separately unless someone can come up with a solution. Sorry I can't be of further help.

 

[gle101]

how would i enter a trade in one metatrader and have it replicate/show up in another metatrader?

are there any EA's that do this?

I guess you have to work with computer macros, that will automatically and very fast do the task for you by placing the orders at two independent MT4 brokers.

 

[lovejoy21]

how would i enter a trade in one metatrader and have it replicate/show up in another metatrader?

are there any EA's that do this?

Yes you need 'trace copier' EA. It will copy all trades from one MT4 into another MT4 and then any changes you make on the source are replicated on the 'subscriber' Do a google search and you'll find some. Most likely you'll have to pay for a decent one

 

[Tenapenny]

Yes you need 'trace copier' EA. It will copy all trades from one MT4 into another MT4 and then any changes you make on the source are replicated on the 'subscriber' Do a google search and you'll find some. Most likely you'll have to pay for a decent one

Thanks for that.

 

[swandro]

Forgive me if this has already been mentioned in this thread, but I decided to download and trial the demo and my AVG virus checker reported a Trojan Horse in the MT4 terminal.exe file. I have another copy of MT4 on my machine and that does not report any viruses.

A friend of mine had the same experience. He also ran two other virus checkers against the file, one of which reported a Trojan Horse and the other did not.

I emailed Support and got a quick and friendly response which said, in effect, don't worry, I have AVG at home and it is just fine.

I am quite happy to accept that the virus checkers are reporting a false positive, but my friend is not, so there is at least one potential customer lost to SML.

I would be delighted if SML could confirm in a public forum that (a) yes, their copy of MT4 may be reported as containing a Trojan Horse, and (b) yes, it is an error because there is no Trojan Horse and the software is safe to install.

Anyone else had the same problem?

 

[lovejoy21]

Forgive me if this has already been mentioned in this thread, but I decided to download and trial the demo and my AVG virus checker reported a Trojan Horse in the MT4 terminal.exe file. I have another copy of MT4 on my machine and that does not report any viruses.

A friend of mine had the same experience. He also ran two other virus checkers against the file, one of which reported a Trojan Horse and the other did not.

I emailed Support and got a quick and friendly response which said, in effect, don't worry, I have AVG at home and it is just fine.

I am quite happy to accept that the virus checkers are reporting a false positive, but my friend is not, so there is at least one potential customer lost to SML.

I would be delighted if SML could confirm in a public forum that (a) yes, their copy of MT4 may be reported as containing a Trojan Horse, and (b) yes, it is an error because there is no Trojan Horse and the software is safe to install.

Anyone else had the same problem?

I've had the same poroblem with AVG 2011 on SMlLand other MT4 brokers...personally I think its AVG it's so over protective with anything trading realted that I do, deleted it and now using Norton and that hasn't reported any trojans in the MT4 terminal.exe files.

 

[Tenapenny]

Forgive me if this has already been mentioned in this thread, but I decided to download and trial the demo and my AVG virus checker reported a Trojan Horse in the MT4 terminal.exe file. I have another copy of MT4 on my machine and that does not report any viruses.

A friend of mine had the same experience. He also ran two other virus checkers against the file, one of which reported a Trojan Horse and the other did not.

I emailed Support and got a quick and friendly response which said, in effect, don't worry, I have AVG at home and it is just fine.

I am quite happy to accept that the virus checkers are reporting a false positive, but my friend is not, so there is at least one potential customer lost to SML.

I would be delighted if SML could confirm in a public forum that (a) yes, their copy of MT4 may be reported as containing a Trojan Horse, and (b) yes, it is an error because there is no Trojan Horse and the software is safe to install.

Anyone else had the same problem?

Not had this problem and using F-Secure for my security.

 

[Smart Live Markets]

Forgive me if this has already been mentioned in this thread, but I decided to download and trial the demo and my AVG virus checker reported a Trojan Horse in the MT4 terminal.exe file. I have another copy of MT4 on my machine and that does not report any viruses.

A friend of mine had the same experience. He also ran two other virus checkers against the file, one of which reported a Trojan Horse and the other did not.

I emailed Support and got a quick and friendly response which said, in effect, don't worry, I have AVG at home and it is just fine.

I am quite happy to accept that the virus checkers are reporting a false positive, but my friend is not, so there is at least one potential customer lost to SML.

I would be delighted if SML could confirm in a public forum that (a) yes, their copy of MT4 may be reported as containing a Trojan Horse, and (b) yes, it is an error because there is no Trojan Horse and the software is safe to install.

Anyone else had the same problem?

Hi
This is not a SLM issue. This is an issue that ALL MT4 providers are having this week for anyone who downloads it and has AVG anti virus software.

I have contacted MetaQuotes and here is their reply :

We contacted AVG about it. You could also contact them by yourself because it's their blunder. Themida is used for the crack defense and debugging of many products. Note, they don't confirm that Themida is a virus on their forum. For example, you can read the following topics:
• http://forums.avg.com/ww-en/avg-free-forum.tpl-lite?sec=thread&act=show&id=58519
• http://forums.avg.com/ww-en/avg-free-forum?sec=thread&act=show&id=58703


Regards
SLM

 

[Trading Gurus]

Hi Swandro,

Forgive me if this has already been mentioned in this thread, but I decided to download and trial the demo and my AVG virus checker reported a Trojan Horse in the MT4 terminal.exe file.

Anyone else had the same problem?

MT5 can also present the same problem with Themida being flagged as a trojan by AVG. You can manually add exceptions in AVG, to prevent MetaTrader (and any other program come to that) being continually reported as a problem.

Jim

 

[Jason101]

Re: Auto Trading -Smart Live Markets -SB

Hi,

Let me start out by saying I know absolutely nothing about MT4 or SLM.

At the moment I SB with IG, GFT, and ETX.

We are expecting a new baby in December and I will not want to trade much, for a few months.

So I thought I could take my time and learn some new skills on MT4. What I would really like to learn would be to be able to design an EA.

So my first question is with SLM can I set up the pc to auto trade, switch off the pc and let it do its own thing without me, automatically buying and selling by taking signals from indicators etc.

Thanks

Jason

 

[swandro]

Hi Swandro,



MT5 can also present the same problem with Themida being flagged as a trojan by AVG. You can manually add exceptions in AVG, to prevent MetaTrader (and any other program come to that) being continually reported as a problem.

Jim

Thanks Jim

Good advice - I will do this.

 

[Smart Live Markets]

Re: Auto Trading -Smart Live Markets -SB

Hi,

Let me start out by saying I know absolutely nothing about MT4 or SLM.

At the moment I SB with IG, GFT, and ETX.

We are expecting a new baby in December and I will not want to trade much, for a few months.

So I thought I could take my time and learn some new skills on MT4. What I would really like to learn would be to be able to design an EA.

So my first question is with SLM can I set up the pc to auto trade, switch off the pc and let it do its own thing without me, automatically buying and selling by taking signals from indicators etc.

Thanks

Jason

Hi Jason

Meta Trader 4 was designed to allow automated trading if you wish. It facilitates EAs and Scripts which you can buy off the shelf or write yourself if you have the know how. You can also get other people to write them for you if you know what you want them to do.

For these to work the PC must be on and MT4 running in the background. So this can either be on your PC or there are places that charge a small monthly fee and will 'host' it for you remotly on their PC, known as VPS.

We hope at some stage to be able to offer that facility as well, but that is not comming very soon.

I hope that helps.

Regards
SLM

 

[Mata Nui]

Hi,
I have not read the entire post so forgive me if it has been answered but: I have used the SLM demo for a while and just opened a live account the only thing that grates on me slightly is the 5th and 3rd decimal place on some fx pairs (3rd on the jpy ones). Its not on all just some which is what i dont get. I dont really see the point of it and all it does is screw up things like the trailing stop and some EAs. Is there any way to remove it?