Category archives for Execution

Choosing the best data centre in MT4

Depending on a broker’s MT4 infrastructure it may be possible to connect to your broker from a list of different data centers. This option exists if your broker uses the MetaTrader 4 Data Center component, which connects traders to a broker’s main server via a set of Proxy Servers. This has three notable benefits. The first is that a client connected to a data center closer to the trader than the main MT4 server is likely to have an improved network connection as the data center and the main MT4 server are often cross-connected or connected via the Internet backbone. That means the final part of the data’s journey is often improved when compared to a long distance connection directly to the MT4 server. The second is that the MT4 server becomes more capable of handling more simultaneous users, which can provide more capacity during peak trading times. The final benefit worth mentioning is that the MT4 server has an additional layer of protection and is more resilient to network attacks and hacking.

How to check execution performance

Trade execution can often be critical or at least impact a traders P&L a bit, especially when placing larger orders or trading when the market is choppy such as around news times. To understand execution a bit better we need to break it down and really understand what constitutes good execution and how execution can be poor.

Close-By order closure facility in MT4

Experienced traders may be familiar with the “close by” facility to close orders. However, it is surprising just how many traders are not aware of its existence in MT4. In addition, it is quite interesting to note that a lot of brokers disable this feature as they do not want their clients reducing their trade costs by using the close-by method of order closure.