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Thread: Funyoo: When to use the ECN option?

  1. #1

    Default Funyoo: When to use the ECN option?

    Hi Funyoo.

    I have not reflected over the possibility to set the "ECN" option to True or False until today.

    But what is the difference? I have serached to forum but not seen any explanation on when and why to use it.
    I trade with Alpari on a Micro account and with ACM on a Mini account. Two different brokers... one, as i understand it, is an ECN (Alpari) and the other one is not a ECN. I run the same EA and both with "ECN" set to False and i can't see any differecnce at all.

    Please explain when and why to set this to True.

    Thank You.
    Regards / JoLi

  2. #2
    Administrator funyoo's Avatar
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    Quote Originally Posted by jolimoney View Post
    Hi Funyoo.

    I have not reflected over the possibility to set the "ECN" option to True or False until today.

    But what is the difference? I have serached to forum but not seen any explanation on when and why to use it.
    I trade with Alpari on a Micro account and with ACM on a Mini account. Two different brokers... one, as i understand it, is an ECN (Alpari) and the other one is not a ECN. I run the same EA and both with "ECN" set to False and i can't see any differecnce at all.

    Please explain when and why to set this to True.

    Thank You.
    Hi jolimoney,

    With ECN set to true, the EA will generate the orders without hard SL and TP. Then it will modify them to add the SL/TP.

    With ECN set to false, the EA will directly enter trades with hard stoploss and takeprofit.

  3. #3

    Default

    Quote Originally Posted by funyoo View Post
    Hi jolimoney,

    With ECN set to true, the EA will generate the orders without hard SL and TP. Then it will modify them to add the SL/TP.

    With ECN set to false, the EA will directly enter trades with hard stoploss and takeprofit.
    Thank you for the explanation.
    Regards / JoLi

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alpari, brokers, ecn, funyoo, stoploss

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