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nddtrader New (ECN) MT4 Trading Platform? 10-29-2007, 11:39 AM
personkid KArl 11-02-2007, 09:26 AM
maxvre What ever became of this? I would like to try it too. Please let me know if its still available for testing. TKS :cool: 03-07-2008, 03:02 AM
ahmedazizelias Hello, Yes, me too. Please. I want to try it out and I wish to find trusted a nondealing desk MT4 broker. 03-30-2008, 05:43 AM
zak_fx why MT4? 04-08-2008, 08:56 PM
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Old 10-29-2007, 11:39 AM
nddtrader's Avatar
nddtrader nddtrader is offline
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Join Date: Jul 2006
Location: Los Angeles
Posts: 118
Default New (ECN) MT4 Trading Platform?
I received the following email a week or so ago and after considerable thought decided to post the invitation on the forum because I think it might be of interest to those who are currently using MT4. If you are interested in participating in an examination and evaluation of the platform, please email me and I'll send along the information you need to get in contact with the developer. The company is only looking for a dozen participants so when that number is met, I will post a note that the need has been filled.

I am the Marketing Director for an on-line Forex trading company that is relatively unknown in the U.S. but quite popular in the Asia Pacific region. We currently run MT4 with spreads that does run through a dealing desk. I am sending this directly to you as I do not want this posted on a general blog.

I am quite familiar with your blog and respect your unabashed opinions. For quite some time I have specifically followed the blogs of traders (in NDD and other blogs) that have discussed and negated the possibility of MT4 with direct feed trading without a dealing desk. It is exactly because of this market potential that we spent extraordinary time and money to develop an MT4 platform with direct feeds that does not go through a dealing desk.

While there is no way for you to confirm this other than accepting my word for now, I would appreciate if you would entertain that I am being truthful. Let me tell you what the platform cannot do. Our MT4 with direct feeds cannot show market depth, so it is not a pure ECN. What this platform does do however, is show the best price available from multiple banks and leading financial institutions (from 1/10 pip upwards) which can be traded and executed. The fee structure will be commission based, exactly like ECN's.

I would like to know if you and several of your trading colleagues would test our Beta version of MT4 with direct feed and provide us with direct feedback, not to be published on your blog. We are not ready to release this to the public and would prefer to go to the mouth of the lion (a compliment) to provide feedback before doing so.

If interested, please drop me an email at nondealingdesktrader@yahoo.com or post a private message to me via the forum.

Thanks.
__________________
The Forex Non-Dealing Desk Trader
Last edited by nddtrader : 10-31-2007 at 05:34 AM.

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I'd recommend learning both types of trading approaches: technical and fundamental. That said, technical analysis is probably the most commonly-used technique.  Technical analysis focuses on currency price movements in the market youre trading; it ignores fundamental factors, or news happenings.

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