3BlackCrows
Corporal
- Messages
- 83
hi,
i need to know why you discourage trading with MT4?
Hi doorstpng,
The reason why I would discourage its use with MBT is because the quotes displayed on MT4 are different to MBT's quotes.
This is bound to mess up your stoploss boundaries because while you see a certain level where price has travelled on MT4, it is actually different on MBT.
You just risk the chance of getting stopped out more often and may get a valid signal on MT4 only to lose the trade because a chart showing MBT's quotes showed that signal to be false.
The quotes are different by about 2-3 pips sometimes as much as 5 and while that seems small, in actuality it can mean the difference between success and failure.
Hope this halps - Happy Trading!