Once Click Trading Level2 Plugin - Reliable?
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Thread: Once Click Trading Level2 Plugin - Reliable?

  1. #1
    I am pretty new to trading (on and off for 3 months) and am really just becoming familiar with MT4.

    My broker offers a one click trading Level2 plug in EA for trading ECN through them that allows a quick way to enter trades and track thickness of market. (See picture)

    This attribute dependable / desireable / reliable to utilize? I have heard rumours that it does nothing more than permit the broker to easily see your TP / SL settings. Additionally, it appears to be fairly taxing on my pc since the chip demand shoots up when I have half a dozen charts open with the plug in running.

    Any ideas would be appreciated.

    pgg

  2. #2

  3. #3
    Quote Originally Posted by ;
    hi, who is your broker?
    Hmm, seems like FXOpen.

  4. #4
    Quote Originally Posted by ;
    I'm pretty new to trading (off and on for 3 weeks ) and am really just becoming familiar with MT4. My broker offers a one click trading Level2 plugin EA for trading ECN through them that allows a fast way to enter transactions and monitor thickness of market. (See picture)image It this attribute reliable / desireable / trustworthy to use? I have heard rumours that it does nothing more than allow the broker to quickly see your TP / SL preferences. Additionally, it appears to be fairly taxing on my computer as the processor demand shoots up when I have half a dozen charts...
    first I would not be concerned about your SL TP, it is not for that at all and unless you are with a dodgy broker they won't give a damn where they're.

    You need to wonder why they offer you a plugin when MT includes a built in thickness of market feature that they might use. They answer is easy the volumes they're showing you must be coming from another source to their price feed....

    I can tell you now that the volumes shown in your picture are incredibly low so the origin probably does not represent the market very well.

    There is not any single volume loion for FX and also the very best source of such info is truly the L2 information of futures.

    In this case I doubt it Will make you anymore or less profitable...

    regards

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