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Thread: 4 digit vs 5 digit broker

  1. #1

    Default 4 digit vs 5 digit broker

    hi guys, does it really matter if using a 4 digit or 5 digit broker??

    does the spread really is tighter with a 5 digit broker compared to 4 digit?

    other than the spread, what are the benefits?

  2. #2
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    I think all brokers willl eventually become 5 digits anyhow and probably even as time goes by 6.

    Brokers that use 5 digits are usually ECN which generally means that there spreads are tighter, a lot of 4 digit brokers have fixed spreads.

    Using and ECN broker is good for tigher spreads however the spreads are not fixed and change quite a lot, if you use a fixed spread broker you always know what your spread is but generally they are a little wider.

    I now prefer to use 5 digit broker on ECN feed, i have found the scalpers seen to work better especially since the spreads are some what tighter.

    Of course I am talking from personal experiance here!

    Quote Originally Posted by dennerle View Post
    hi guys, does it really matter if using a 4 digit or 5 digit broker??

    does the spread really is tighter with a 5 digit broker compared to 4 digit?

    other than the spread, what are the benefits?
    Last edited by wannaberich; 07-21-2009 at 04:21.

  3. #3

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    Quote Originally Posted by wannaberich View Post
    I think all brokers willl eventually become 5 digits anyhow and probably even as time goes by 6.

    Brokers that use 5 digits are usually ECN which generally means that there spreads are tighter, a lot of 4 digit brokers have fixed spreads.

    Using and ECN broker is good for tigher spreads however the spreads are not fixed and change quite a lot, if you use a fixed spread broker you always know what your spread is but generally they are a little wider.

    I now prefer to use 5 digit broker on ECN feed, i have found the scalpers seen to work better especially since the spreads are some what tighter.

    Of course I am talking from personal experiance here!
    what do you mean by scalpers?

  4. #4
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    robots like fapturbo and megadroid for example the popular ones, however there are many more i was just using them as an example!

    Quote Originally Posted by dennerle View Post
    what do you mean by scalpers?

  5. #5
    Junior Member
    Join Date
    Jun 2009
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    hello all

    Can I help you change the below code to trade gold.
    This is the section code of ea use to trade fx..but i want to change it to use to trade gold.Thanks a lot....



    int init()
    {
    digits=Digits;
    point=GetPoints();
    /*if(Comments)Comment("\nLoading...");*/
    return(0);
    }

    //|---------x digits broker

    double GetPoints()
    {
    if(Digits==3 || Digits==5)point=Point*10;
    else point=Point;
    return(point);
    }

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broker, brokers, change, ecn, gold, robots, spread, time

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