osijek1289

If i understand you right if i deposit 5000 i get the NT7 for free ??

Depositing that amount with ampfutures or many other futures brokers (which need to have a datafeed specifically supported by NT), will give you a full and proper datafeed for free essentially. You get to use NT for free, while you are with this brokerage; there is still a license key involved, which only will work for the time you are with the brokerage. Continuing with my example of Ampfutures, they offer free CQG when one opens an account there. (Zenfire is free as well, but has an inactivity charge if you dont trade, of $25 per month). The CQG (or zenfire) feeds are the full capacity feeds, as offered if you were to purchase them (per month) from those providers, where the rate is $75/month and higher. BUT, note than with a futures broker, you only get access to symbols or instruments that they allow you to trade. That's why I said for $2500 one can trade all currency futures (M6E, M6B) and I believe ES and some other indexes. I think their minimum deposit is $5000 to have full access to trade all symbols on their pages. Here are the symbols one can trade there, and, the necessary DAY trading margins - http://www.ampfutures.com/margins_req.html

 

They provide you NT for free (except I think for a 10 cents per trade charge). The free version allows you to open and close trades via the DOM. For an additional $60/month, you can place trades from the chart. This full usage charge is purchased directly from NT, every 3 months. Here are those options: http://www.ninjatrader.com/purchase-lease.php

 

Do note that while this gives you a full copy of NT, you can't chart forex pairs or stock pairs with it, simply because it is not part of that broker's datafeed. But, if you check with a broker like Interactive Brokers and MB Trading, they allow you to trade most instruments. You would have to contact them directly about NT charges or usage, but I believe that last link I provided should cover all the possible ways of using or paying for NT. IMO, $60 per month for the full package is not unreasonable, given or hopefully one is able to make some profits in trading.

yes but only demo tradeding..if you like to trade live you need to purchase nt..

Not true. :) Check http://www.ampfutures.com/ninjatrader_cqg.php . One can use it for free to live trade - and have a full historical and realtime CQG datafeed at no cost. (other than maintaining a account balance) The 100% free version of NT allows you to trade via the DOM, meaning you place buy and sell orders at price levels within the DOM - any and all indicators that work in NT will be fully functional. (As a futures brokerage, you do not have stocks or spot forex access here) Your account balance determines if you can trade mini currency futures ($2500), or all the futures instruments (>$5000). (Mini currency futures essentially mimic the spot forex pairs, which, you could follow on a MT4 demo platform) For an additional $60/month (purchased in 3 month increments), NT allows you to place traders directly from the chart, and use full advanced order management - this is the full and complete version of NT, where you are essentially renting it, at $180 for every 3 months. Frankly, if one is live trading, and cannot justify this small cost, then one should not be live trading. An alternative is to use the free version along side a ~$100/month realtime datafeed. But, if you do that math, having the minimum balance with Amp Futures might be more cost effective.

 

I think the same holds true for some of the spot forex providers listed on NT's web pages. (Interactive Brokers [you can trade stocks with them], MB Trading) http://www.deepdiscounttrading.com/TradingPlatforms.html is an example of another futures broker, where the same free or $60/month charges hold true.

Hi

 

the AlphaTrend Momentum indicators are only running with my 32-bit version not with the 64-bit version. Is there a solution for the 64-bit-version?

 

Thanks

I'm not exactly sure which thread and indi files you've downloaded, but I think the 'repair work' going on around here is usually towards the 32-bit DLL file. FYI, NT requires a separate DLL that is used when the 64-bit NT platform is launched. All providers of indicators supply 2 separate DLLs. And, I don't think the 64-bit DLLs are being "fixed." Kinda of a shame, as, there is no benefit to running anything other than the 64bit version of NT on a 64 bit Windows install, and I'm not sure why anyone would do it, given 4GB RAM (and more) is so incredibly accessible to anyone.

does the JayClusterV5a.X86.dll only with 32bit ? is there a work around for 64bit NT? I tried it and of course it didn't work ... any luck anybody with 64bit?

They're separate DLL's, so it may be that zeraw is only focusing on fixing the 32bit DLL. Bit of a bummer, yeah, as everyone should really be running x64 to access more than 3GB of their RAM - many people have 4GB and 8GB, and probably don't know it's going unused in a x32 system. We can mostly thank Bill and MSFT for that retarded practice of separately pricing x32 and x64.

No broker has any reason to support NT6.5. And since NT controls the datafeed interface, 6.5 is dead.

 

Most of the C## is the same for NT7 - if you have proprietary indicators, a programmer could rewrite/update them with minimal expense. Sellers of indicators, if they felt there was a market, developed NT7 version indicators, and zeraw31 may be able to help 'open' them.

Not sure if you're aware ... NT7 (with no ability to place trades from the chart, meaning trades are places via the DOM) - is free (I think there is some 10 cents per side on real trades). There are many brokers that will let you demo/SIM trade for at least 10 days and I have heard 20-30 days in total. You can then say "its not for you" and switch to another futures broker, if you need more time.

I think it would be helpful if folks included whose indicator it is, what it does, and how they know it would be valuable, if it were cracked. I suspect zeraw31 would probably appreciate that too.

 

If nothing else, it might spawn some discussion on a similarly available indicator, or even a better one that is available for free, or, a similar one that has already been cracked; the reality is that there is very little unique about most indicators, and, at the end of the day, traders spend far too much time looking for an indicator that will help them make money, when in fact, the solution to making money lies elsewhere - ask any trader who has made it, and you will usually find that indicator overload was a phase they went through, ultimately dumping most of them. Just sayin'. :)

It can't be made to work with the current versions of NT since they changed the security and authentication used within DLLs at version around 7.0.0.2, and any vendors with DLLs had to rewrite/recompile them for the new standards.

yeah, i found the same thing, with that particular file. I am not sure why. (while other rapidshare downloads tend to be much faster). oh well, eventually, it comes in.

This link works, and the rar is error free. (There is a space showing up in the word 'Market' below - not sure why - eliminate the space)

 

https://[email protected]/files/3338870163/Wyckoff_by_the_Action-Sequence_Method_-_An_Effective_Way_to_Teach_and_Learn_Technical_Market_Analysis_-_Hank_Pruden.rar

Ok guys this is what I can give you ,but I don't have a clue if this is the correct one.

anyway try it and give us the results.

 

http://www.sendspace.com/file/b6sujd

 

egaal

 

Thanks egaal. Unfortunately, it's one of those earlier versions that will not work on current editions of NT7, due to DLL protection changes instigated by Ninj@tr@der. Anyone still straggling with pre NT 7.1000.2 (might have been 7.1000.4) should be able to use this, but, that would then exclude usage of all the other far newer indis, and fine work being undertaken by @zeraw31. :)

Agree, it would be a bit of a find. The one that's out there is for pre-NT 7.00.2: NT changed their DLL authentication after that, and no protected DLLs written for earlier versions remained working on newer versions of NT7.

I was looking for something else, and just came across this on a freebie type page, with some decent indis on it: it basically passes live prices from NT back into a Excel spreadsheet via DDE. I don't think there is a way to export or live display any new or ongoing trades via this simple methodology. But, in theory, if one wrote a NT indicator that monitored for new trades, in theory, it should be possible to somehow hand that off outside of NT via DDE.

 

http://www.volumedigger.com/NinjaTrader/Miscellaneous/NinjaTrader_DDE.aspx

Any idea if this would be via DDE? It's very fast. Seems to be connected directly to some part of NT7

http://www.toolsfortrader.com/Products.html

My guess is it does not work via DLL. I watched the video, and it seems like an OK built piece of code in Ninjascript (C#), but the way it works would be discomforting to me, because of many reasons: it gets it's historical data elsewhere, and then presumably gets the live feed from Dukascopy (which doesn't mean it goes into the historical NT database). If I were trading a real account, I would not at all (technically) feel safe with this approach. Plus, the cost of $500 is unduly high, and, when I see the video describe how to save 46% of Dukascopy commissions by using this outfit as the IB, I worry about the obviousy money-grabbing nature of it all. (There are outfits that openly admit to giving you a Dukascopy commission rebate, like molecule6, which is the highest around I believe) For whatever reason, Dukascopy just doesn't want to introduce other trading tools, other than their j-forex.

 

Not sure of your exact intent with NT and some other broker ... not sure if you know, but there are decent or OK forex brokers that offer spot forex trading, such as PFG Best. I'm not saying they are 100% fantastic as I have heard of issues, but if your goal is to have a NT strategy trade with a spot FX broker, then there are options.

Converting MT4 to C# Ninjascript is not really the focus of this board - it is a heapload of work, and frankly, almost never ever worth it. Besides, one can get almost all futures prices on MT4.

Can't say I've heard of that approach. You can though pull all that information via a basic indicator, via Ninjascript, and then output it in a number of ways, ie., to a text file, to be picked up by whatever is seeking the info, or, one could get fancy and probably pass it via DDE or something similar.

Alpari does not support NT; for a MT4 shop to support NT, is rare. ATC is one of the rare few I have seen, although I'm not sure if they offer spot through Ninjatrader or only futures. http://www.atcbrokers.com/platforms/ninjatrader.php

You're more than likely running Windows 7 and have by default the stoopid UAC feature turned on in Windows. And, if your Mt4 is installed in the usual default path \Program Files , your EAs and indicators don't go in there but elsewhere, like one of the following directories. (Sorry, I dont use Windows 7)

 

C:\Users\<your user name>\AppData\Local\<MT4 directory>\...

C:\Users\<your user name>\AppData\Roaming\<MT4 directory>\...

C:\Users\<your user name>\AppData\LocalLow\<MT4 directory>\...

 

You might want to install MT4 to a directory other than \Program Files, perhaps right into the root drive, into it's own folder, and you can then place EAs and indicators directly into there. Or, disable UAC - google the web on how to do it --- not completely sure if it needs registry editting, but be careful if you undertake those steps.

 

There could be other issues causing you not to see them, but I'd check the above first.

enjoyaol, I think you're right only when a less-popularized and "self-regulated" forex broker is used - that applies to the vast majority of MT4 houses. The Hotforex's, Admirals, Alparis of the world when they take on a $100, $1000 or smallish amount customer deposit, expect that they will get 80% of that money in their pocket, meanwhile speeding the process along with wider spreads and dealing desks.

 

But, the forex market is $4 trillion daily, far more than currency futures. There is huge institutional presence in the market that does not get talked about by the traders on boards like this. And those institutions make money and receive tight largely uniform pricing on their charts. MT4 is an incredibly small and largely meaningless part of the spot forex trading market. Once you get to a true ECN/STP level via your forex broker (MT4 or other platform), there is more than enough liquidity there, and you are trading with largely standardized prices. MT4 is even available via Citibank, a top 5 liquidity provider. Other decent forex paths with incredibly tight spreads are Currenex, Berkley ( http://www.bfl.co.uk/online-trading/forex.html ) Barclays ( http://www.barx.com/fx/index.html ) or other channels that give you access to FXAll, Hotspot and others. Liquidity is really the key - when you have that - prices will be within fractions of pips among all the providers. True, you need $50K+ to access many of these, but there are decent names in the MT4 field that even the playing field a lot in the world of MT4.

 

But, when people choose to trade with brokers in Cyprus, Belize, Mauritius and don't recognize they chose to locate there because the broker can choose to do what he wants, regardless of affiliations and what the customer-broker contract says, well, then it's only the wild west that will save you.

Looks like they use the machine ID thing - there are some detailed instructions under one of the other NT indicator threads - I believe it's been the same instructions to get around that since NT6.5. BUT, it may not work with NT 7.00.4 and higher, especially if there are protected code (and DLLs) used as part of these indicators.

 

Separately, and I am not looking to threadcr@p, but it's sad to see people pay money for those indicators: there is absolutely nothing extraordinary about them, and there are free versions available for most of them, even in the free area of BMT forums. I just took a look through the PDFs on how to 'use' the indicators, and, of course they are extremely cherry picked, with the benefit of hindsight, and lots of wording to explain how it 'should' work. Do bear in mind, what is provided as explanations are fairly basic theory, again, available via any most of the free indicators available elsewhere.

 

And the worst is, they want to charge $499/month for these B.S. indicators. Beware of B.S. outfits like this - this is a complete sham.

 

http://i39.tinypic.com/ws6ao1.png

Interesting product posted by jack33l. I am an extensive NT user, and of a MT4 background, and I have seen no bridge or other way to use MT4 data on a realtime basis in NT. I'd expect no FXDD options. Really, the best option is to set up a trading account with a futures or otherwise broker (PFG?) that supports NT7 - I believe there are options where they will take $500 as a minimum deposit, which should give you realtime datafeed access to most spot and maybe futures symbols.

 

In theory you can import MetaStock format data into NT7 - see here: http://www.ninjatrader.com/support/helpGuides/nt7/index.html?importing.htm . And, if one has TradeStation running, it's data can be sent to or used in NT7 (just am not sure if this is realtime or requires importation and/or clicking). On the possibility of using MT4 data, there are a few indicators written for MT4 that will export MetaStock format data, which in theory you could import into NT7, but that requires clicking/selecting for every import, so, realtime charts of any timeframe are problematic to trade or judge from within NT7. IMHO, even if you get this working, you will get frustrated very quickly.

 

P.S. - You may want to look into Sierra Charts - they are passionate about updating their software and ever growing library of extensive indicators --- cost for package with spot FX data (with a volume feed) is <$20/month I believe. They charge more once you start adding on some of their other indicators, but the charges go up in $5 increments, and remain thoroughly reasonable IMO.

A genuine thanks to Tomislav for sharing multiple versions of this. I've been running v1.47 for the NY session today. Oddly, although lots were set to 0.01, it opened many 0.50 lot trades on EURUSD for the first few hours (on a $5000 demo account). I tried combing through the MQL code and it seems a_lots_4_16 is the variable used to send trades, but due to my limited mql4 savviness, I cannot figure out where the lot size is coming from or how 0.50 was used. It's reverted to 0.01 now, after I tried altering the code - very strange.

 

Regardless, it is definitely martingale, and IMHO not one that has any significant entry logic. Seems it takes both buys and sells as well - this is a sign of no significant logic being used. Thus, any unexpected move will cause significant account damage, especially since the TPs seem to be preset for rather minimal levels, and a quick market move will wipe out many of the past profitable trades.

 

There is a Tickscalper 3.44 that should be around here, that I have had far better results on, as it has significantly more trading logic and entry decision making built into it, which has provided me significant (real) account growth.

 

But a definite thanks to Tomislav for sharing - I've not yet explored the other versions in the zip file.

16.5K for a trading system? 16.5K dollars? This is where clear thinking has to reign through ... hell, surely any PC based trading system if it could produce results, would not be sold for $16.5K? I am not looking to thread****, but really ... for all the effort involved for an individual to earn $16.5K, surely one could invest a lesser amount of time to learn some trading techniques. Bottom line is, if it's too good to be true, it usually is.

MT4 is so popular but guess what.... More traders lose money using MT4 than any other trading method.

 

Hmm. The key here is who falls under the term "traders." Is a trader the guy who saw an ad claiming how easy it was to turn $200 into $350,000 in 6 months? Is a trader a guy who has traded a $1,000,000 demo account by martingaling in and out of positions to make $50,000? Would these "traders" win if their broker gave them Tradestation, NinjaTrader or Investor/RT as the platform they trade on? Probably not.

 

MT4 is cheap to operate (compared to other platforms) and their per transaction cost (buried in every trade) is cheap. Hence, given MT4 is used by the vast majority of those trying to trade for profit, obviously that doesn't happen, and they then lose their money for a long list of reasons.

 

Thats why brokers love to market MT4 to retail, easy to fund your account (credt card), open account in 30mins, ...

Of course you're right. The odds are 90% that these fresh newbie "traders" are going to lose all their money. That's why most (MT4) brokers don't even charge-back the ~3% they loose on the customer's credit card deposit - they know they will get it all back.

 

... trade up to 500X leverage.

 

Yes, another formula for fast track financial account collapse. Given these newbie "traders" don't know how to trade or have any idea what leverage is, this is guaranteed slaughter. If I was immoral and set up a brokerage knowing that 90% of your customer's money will be yours, I too would locate in places like Cyprus, Belize, etc. where the no local citizen is allowed to trade, solely because non-resident customers have no legal rights when they lose their money, or, the brokerage shuts down. BTW, no mainstream brokerage offers 500x leverage because of the major legal implications of doing so.

 

in the end it is just a casino with you trying all kinds of EAs...

 

For most people, absolutely yes. But there are EAs that will work - the secret is applying the right type of EA during the right market conditions. Knowing how to do this is part of that incredibly long road of learning how to trade properly, which most people never get to. And, for the few that do, they don't end up employing EAs, because they have learned how to trade and make money on their own skill. Hence, it's a casino for those that don't yet know how to trade, and cannot escape the market moves and conditions that no EA can ever ever predict.

 

 

can you name one person/bank/financial institution who became extremely rich using automated trading? Only one. Goldman Sachs.

Well, there are many getting rich, but trading in specific ways. High Frequency Trading as an example has made many already privelaged individuals rich. It's a high cost of entry market, and one could say it's the rich getting richer.

 

I honestly don't know to what extent Goldman is using HFT, but they likely don't make prominent use of any automated trading simply because it can't easily be built. Major brokerage houses have tried - and spent millions in actual projects - and they have largely failed. Hence, they still employ in-house traders.

 

Goldman has unquestionably hoarded immense riches at the expense of others, by using a wide array of tricks and lies that nobody wants to admit to. It's unlikely it would ever catch up to them or any of the other similar investment banks, because, as bad as what they do or did is, undoing it is virtually impossible, and, would IMHO plunge the planet into economic collapse beyond anyone's imagination. That doesn't right or condone their manipulation, it's just the way it is. If you're in the dark on what's been going on for the past few years, you should be able to find avenues to get a free copy/download of An Inside Job (http://www.imdb.com/title/tt1645089/)

 

But, I assure you there are traders who have and are making it. They may have started in MT4, and of that small lot that succeed, very few remain using MT4, for a variety of reasons. If you have doubt about being able to make it, there's some very interesting examples and intelligent discussion here, one of the best forums around: http://www.bigmiketrading.com/psychology-money-management/3649-primary-source-income-how-many-have-made.html

I dont know about you, but I depend on the graphics for the game. You have tried to excuse both Fxpro and Metatrader. For me there is no excuse. If there are issues then we the traders must know about and not discover it.

 

fibo2618, Of course graphics and chart layout is a huge part of it. Do remember that the data is pushed to MT4 by your broker; MT4 will plot whatever is pushed into it (or not plot what it does not have). I have absolutely no interest in making excuses. I am trying to explain to you what is occuring, and what the likely reasons are. There's a difference. I could care less about excusing any company. But it's important to understand where the data comes from, and who is behind the data that is being pushed into MT4. If your interest is to understand, then read on. If you want to build conspiracy theories, and declare the entire industry and world of trading a scam, then there's not much I can do to help promote rational thought.

 

After all is our money that is in the game. And let's say that that kind of issues are very profitable for the brokers.

 

Of course it's our money - that's all the more reason to understand how things work. You don't buy any car without knowing how to drive, and you don't blame the car if you end up driving on the wrong side of the road, plow it off a bridge, confuse the gas and brake pedals, or plow it into a lake expecting it to float like a boat. It requires some knowledge and skill - the more the better. Trading any instrument, and doing so through a MT4 broker or another piece of charting software requires the same approach. On brokers, of course they need to make money. Many will try to dupe and trick you. Using the car example, it's just as easy to get duped: do you need factory rustproofing on your new car purchased from a dealer for $2,000 if a more qualitative aftermarket one is available for $800? Who's to blame if you find out afterwards? Are all the options on your fully loaded car really worth what you are being charged? Do you understand that options on a car (better stereo, leather, floor mats, sunroof, steel rims, etc.) are where a disproportionate amount of profits for the manufacturer and dealer come from? Similarly, you need to understand how the brokerage industry works.

 

And I dont know exactly who is the fault on this case, if from the broker or the platform. I have checked the FXpro web platform and the same graphic on the real account is correct, what makes me think that could be again a problem with metatrader, metaquotes or whatever.

 

I don't get the sense that you checked some of the things I suggested in my previous post. Understanding how MT4 works - and the data that is being pushed to you is important. You seem to be guessing or maybe just want to blame everyone - that's fine, but if you're going to post it, you should be able to defend it. On your broker, you need to have a reasonable track record of trust in the broker you have selected. Frankly, FxPro is not one I would ever recommend to anyone: they are Cyprus based for a reason, as are a hugely disproportionate many other brokers. Alpari is not one I respect, because of the huge amount of pricing, spread and reliability games they play. More about that later.

 

Now for the trendlines.

Just look for the examples that I have recorded just now on the GPBUSD on metatrader (Alpari) and Prorealtime and Dukascopy.

Is the trendline broken yet? According to Metatrader, yes.

But the other 2 platforms are telling: NO!

Now, don't you think this deserve some attention? Is Metatrader reliable? I don't think so.

 

Hmm. You say Metatrader is not reliable. Metatrader built the product to display the data that is pushed to it. In this case, Alpari pushed the data to Metatrader. But, what kind of data did it push? How reliable is it overall? Is it complete? Where does the data come from?

 

Here's the problem with your Alpari chart. (And yes, prorealtime and Dukas are more correct.) Here's a copy of your Alpari GBPUSD M15 chart, where I have annotated the problematic candle, where you have drawn your trendline - note it's high is probably more than 10 pips less than what the actual price did.

 

http://i40.tinypic.com/wtt16c.png

 

Here's another MT4 chart, also of GBPUSD M15, but with a datafeed from Citibank, a MT4 platform I trust. (Citibank is BTW one of the top 5 liquidity providers for forex in the world - more on this later).

 

http://i40.tinypic.com/23o9y0.png

 

Hopefully you realize that one candle is what controls the angle of your trendline. If Alpari did not push the data to Metatrader, your chart will be wrong. But that doesn't mean it's Metatrader's fault. Note on my (MT4) Citibank datafeed how different the price spikes and candles are. This is especially important given the relatively tight price ranges in play during one of the most illiquid trading times of the year.

 

A few words on liquidity. It's of paramount importance in determining what type of chart is plotted for you, excruciatingly important to give you accurate entries where you want them and without slippage. Dukascopy claims to have feeds out to multiple major liquidity providers - this is a very good thing. If their platform is built properly - and is to benefit the customer - they should be able to secure you a better price entry than what you asked for. This is the certainly the case with my Citibank MT4 platform: if price starts moving quickly, or there is a lack of bids, I receive better than expected entries and profits, because they have deep liquidity. I would recommend everyone find out who their MT4 brokers provider is, ie., which bank. If they won't tell you (ie., they will say "that is confidential"), you should become extremely concerned and suspicious. They don't have to tell you, but, the fact they do not is cause for alarm IMHO. You will find that most small brokers do not tell you who they clear through; it tends to go hand in hand with them operating in questionable locations like Cyprus, Belize, etc. If you want to learn more about liquidity - and tons more about the global forex industry, you should read this: http://en.wikipedia.org/wiki/Forex BTW, a decent way to guage your MT4 broker's liquidity is to check volume. An indicator like bettervolume for MT4 will display tick volume on the y-scale; I have seen smallish MT4 brokers (ie., Russian based) display volume levels that are hundreds of times less than what Citibank will display. These volumes are just a guide - they don't excuse or prevent tinkering with the spread, or price spikes, as is evident Alpari does, via the next set of bullets.

 

IMHO, Alpari should not be used as a broker for many reasons. Here are just a few:

 

1. First, they open Sunday 1 hour after the intermarket and any reputable broker opens. They open 6pm NY time Sunday - a proper broker should open 5pm NY time. The fact they open 1 hour later means less candles on your H1, M30, M15s charts and so on. Thus, you get improper charting, which has nothing to do with MT4. The charts will be wrong because Alpari did not push all the data to you.
    
   
2. Alpari plays major games with the spread and thus PA. They choose to fix the spreads, but they have many different spreads for the same pair. Yet, their liquidity provider gives them the one price, but they choose to increase spreads based on the type of account you have, partially based on the amount of money you put on deposit. There are other hokey conditions, depending on where you live. Check here. http://www.alpari.co.uk/en/forex-trading/spreads-and-margins.html . And yet, they advertise all this as features that are somehow better for the trader! Meanwhile, the reality is if you have a $500 account, they will give you a wider spread, meaning they choose to make more money off you. Unreal. And meanwhile, they are increasing the buy and sell rates in their favour. This is a scam.
    
   
3. They seem to have data drop outs. If MT4 does not get the price data correctly and completely, your charts will be wrong. Period. This seems to happen frequently.
    
   
4. And, your Alpari chart demonstrates they are controlling price spikes in their favour, thus again, you are not seeing the true market price. This is either due to poor liquidity providers, where Alpari pads the price. In addition to not getting proper price entries and exits, and thus causing financial harm to the account holder, the charts are also improperly drawn. Let's discuss this next.
   

 

I know this is a long response, but stuff like this cannot be simplified. The bottom line is that your MT4 charts are bad and incorrect because the brokers are pushing bad and incomplete data to your MT4 platform. Period. Hence, the broker is the problem - their marketing will paint a completely different picture. If you choose to believe the warped language they use to market and showcase themselves - without doing any homework and understanding how the systems work - then you are going to be on the losing side, and they will eventually screw you one way or another.

 

P.S. - You should read the customer agreement you signed with your MT4 broker. I have read many of them: it is shocking how many will give you no guarantees that your trade is going out to the intermarket/banks - this means they match it in house, and, also can trade against you, regardless of what their "feel good" web pages state.