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Hello Readers,
Video #1
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The Virtual dealer plugin exists, and nobody can hide that fact.
Still, it is not a plugin that gets installed/bundled with Metatrader platform when brokers buy the system to start a business. It comes at an additional cost of $5,000 I believe and can be installed as a stand-alone plugin to help dealers complete certain tasks.
Please notice that I am not here to defend Metaquotes as I have no interest in doing so. For me Metaquotes is simply a software company that I use.. But as far as being involved in the "kitchen" as the thread author calls it, I really believe that the virtual dealer plugin was not made with the captured usage in mind.
Here is an article by Yevgeny Bardebanov explaining in details what, how and weather this plugin is needed or not at all.
https://support.metaquotes.net/en/articles/142
Yes, it can be used to delay orders execution, that's a fact. But if metaquotes will ask for a professional developer's review about it, I bet the developer will say that the plugin has much more to offer than simply delaying executions. At the end, when a broker wants to hold an order from being executed, they can simply stare a few seconds before clicking the "OK" button in their dealing platform/manager. Why pay the $5,000
ECN + MT4 = Isn't ECN Why you ask?
Lets say your MT4 transformation into an ECN trading platform kinda works (lol), and you are NOT using all the provided beneficial features. But we few problems thou:
1. In MT4 the prices are displayed synchronously. How is this possible in ECN?
2. Limit orders never leave the local server, meaning that they never reach the ECN, until they are filled as market orders. So it kinda looses all point to trade right there, doesn't it?
So as i said before. Enough of this BS