FXLQ’s new MT4 trading system with multi-bank liquidity might be launched by February 1st (in two days). This is what I was told last week. This might improve the quality of execution of our scalping trades significantly.
While we wait for the above to happen, we continue to trade lightly on the existing MetaTrader system. We are still experiencing a lot of problems with “off quotes” and trade rejections (but at least we are trading). The forex market hasn’t been that great in the last few weeks, but the tide changes quickly when it comes to currencies. Wider market moves might just be around the corner.
Day Trading on Currenex
The progress of our Currenex Trading System (CTS) project has slowed down a bit. The CTS platform wasn’t originally designed with charting in mind. We started testing it the minute the order entry functionality was complete. Now we realize that charts would help a great deal. The problem is that there’s no easy solution to chart Currenex price data and programming is involved. We are working on that now and will let you know how that goes.
