ECN (Electronic Communications Network) is an order processing system that excludes conflicts of interest between a broker and clients. Due to Forex market being largely unregulated with no Central Exchange, trading is performed in an OTC (Over the Counter) market. ECN technology provides direct access to the Forex Interbank market, where orders of traders can be offset one against another, making it possible to trade directly with other retail market participants. In order to provide execution at the best price, the system automatically allocates all buy/sell orders to the counterpart orders with matching parameters. With STP technology (Straight-Through Processing), all orders are transferred directly to the liquidity providers and can be seen on the platform by other traders. Thus, trading with use of ECN/STP technology is performed in such a way that all orders are placed in the common liquidity pool, which allows selecting orders of the matching instrument, price and volume for automatic ultra-fast execution.
STP Account provides advantages of trading with access to the real market. On STP account, broker’s commission is included into the spread (unlike ECN commission, which is separate from the spread). Spreads on STP account are floating according to the current balance of buy and sell orders placed in the ECN pool. Orders of each client are executed by matching them with other orders available on the market, which means commission is charged only for using broker’s liquidity. For both ECN and STP accounts, a wide range of financial instruments is available without any restrictions on strategies you may want to apply, including scalping and algo-trading. There are no restrictions on Pending, Stop Loss or Take Profit orders either: you are free to place such orders just a couple of pips away from the current market price or even within the spread.
One Click Trading is a very important and useful tool developed on the basis of Level2 application. One Click Trading makes it very easy to monitor the markets and react to the market changes on time. One click is enough to catch the best price and make a beneficial trade.
To install OCTL2P you should download setup file to your computer and run it to start the installation. Click Next in the installation dialog box. Before installing OCTL2P we suggest you close all running applications including MT4 terminals.
Read the license agreement, select the check box I accept the agreement and click Next to proceed.
Indicate directory where you previously installed MetaTrader 4. To start the installation click Install.
When the installation process is finished, the Next button will be activated.
Click Finish to close the installation dialog box. Activate Launch MT terminal option if you want MT4 launched after you click Finish.
Before you activate OCTL2P, please, check the settings: launch the MT4 trading platform, from main menu choose Tools → Options, in the opened window select the Expert Advisors tab and switch on the Allow automated trading and Allow DLL imports options and click OK.
To activate the Expert Advisor in the Navigator window, click Expert Advisors. Installed EA should be seen in the list. Double-click on OneClickTradingLevel2 or simply drag and drop it onto the chart. Click OK.
If the EA is activated successfully, a smiley will be seen in the top right corner of the chart.
Metatrader 4 is a modern and easy-to-use trading platform for online trading. It ensures round-the-clock access to financial markets and market information as well as quick order execution. With Metatrader 4 traders may take advantage of using Expert Advisors, Indicators and develop their own trading strategies.
To install Trading platform ForexEE MT4 you should download setup file to your computer and run it to start the installation. Click Next in the installation dialog box.
Read the license agreement, select the check box Yes, I agree with all terms of this license agreement and click Next to proceed.
Please indicate installation directory for MetaTrader4 and choose name for Start Menu folder Start → All Programs. We recommend using the default installation settings. Also select a relative check box if you want to Create a desktop shortcut, Оpen MQL5.community website or Launch program after successful installation. Click Next.
Now the program is downloading all necessary files from our server and installing them on your PC. Click Finish when installation is complete. Congratulations! MT4 has been successfully installed on your computer.