NexusFi: Find Your Edge


Home Menu

 





can i use mt4 or 5 with ES,YM , NQ?


Discussion in Platforms and Indicators

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two peglegtrading with 1 posts (0 thanks)
    3. looks_3 shodson with 1 posts (0 thanks)
    4. looks_4 optimus prime with 1 posts (0 thanks)
    1. trending_up 6,212 views
    2. thumb_up 0 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread

can i use mt4 or 5 with ES,YM , NQ?

  #1 (permalink)
 optimus prime 
chandler,arizona,united states of america
 
Experience: Advanced
Platform: ninjatrader
Trading: es
Posts: 7 since Aug 2010
Thanks Given: 1
Thanks Received: 2

Does anyone know if i can use metatrader 4 or 5 with the ES,YM , MQ etc? and can i use zen fire data feed with it?


Thank you

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
What broker to use for trading palladium futures
Commodities
How to apply profiles
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
About a successful futures trader who didnt know anythin …
Psychology and Money Management
MC PL editor upgrade
MultiCharts
 
  #3 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709


Depends on your broker and feed, but it seems like you're better off using another platform for futures trading futures. It looks like you can trade CFD futures, it looks like that's not a good option.

CFD Trading vs Futures

metatrader futures brokers / Forum: Forex Trading with MetaTrader 4

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
peglegtrading
ho chi minh city
 
Posts: 52 since Mar 2011
Thanks Given: 16
Thanks Received: 9

There are two reasons to use CFD's.

1) Tax advantage
2) Undercapitalized

Consider trading CFD's the same as placing a bet with a bookie. Sure most of the time he is going to pay out when you hit your number but there is always the chance that he found a discrepancy in your initial bet ("I thought you said Cincy not Philly, I put you down for 20 large for them to LOSE!")

I have quite a bit of experience with CFD brokers and the only one's that honor their bids are the extremely large brokers who derive most of their income from sports betting not financial markets. The small time shops which use Metatrader are going to screw up your trading so bad if you use any decent size. Fills will get so bad you might have half your profit sucked out of your exit.

To be fair I don't know if it is actually the broker doing this or if they simply cannot honor their quotes because of connectivity issues.

Either way If you have more than 2,000 USD and you want to trade futures, stay away from CFD's.

Reply With Quote




Last Updated on September 24, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts