It's currently Sunday night UK time, so we've just restarted a variety of flavours of MetaTrader 4 on one of our virtual private servers. They've all automatically updated themselves from version 4.00 build 711 (27 Sep 2014) to the shiny new build 735 (17 Oct 2014), and they've all stopped working! Here's a screenshot showing the symptoms of the problem:
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I don't know about you, but here at the Trading Gurus HQ (TGHQ for short) we've been receiving a veritable blizzard of emails recently saying things like:
Dear Trader,
Please be aware that we have been informed by Meta Quotes that as from Friday 1st August 2014 all clients using a version of MT4 older than Build 600 will not be able to use it, as it will be disabled.
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Ray Robot II and I have just been called a variety of names over on a LinkedIn thread started by Marcos López de Prado and entitled "Pseudo-Mathematics and Financial Charlatanism". As best as I can work out Guy Fleury has suffered a total sense of humour failure, and his view can be summarised as:
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Regular readers of the Trading Gurus blog will know that the Son of Ray the Random Robot™ has been simultaneously spreadbetting a variety of live MetaTrader accounts for nearly two years now. The equity curve for his live GKFX MetaTrader 4 account can be seen to the left of this article.
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Earlier this week LMAX (who have now started to refer to themselves as LMAX Exchange instead of LMAX Trader) quietly started allowing existing customers to trade on their multilateral trading facility using MetaTrader 4, but they're not advertising that fact!
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Ray Robot II™ has now been running his live spread betting test comparing Alpari UK with GKFX for over a month. We're rather obsessive here at the Trading Gurus, and we've noticed a variety of interesting differences between Ray's four experimental accounts during that time. Some observers have however suggested to us that all that matters in a trading account is "the bottom line". Whilst we humbly disagree with that assertion, Ray is nonetheless now proud to announce that there is at last a difference between the bottom line of his Alpari accounts (currently standing at £255.00) and his GKFX accounts (currently standing at £261.00). There are any number of other (less significant?) differences also.
More on Ray Robot Makes More Money Spread Betting with GKFX than with Alpari
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Another day dawns, and all four of Ray Robot's MetaTrader spread betting accounts have suffered another small loss overnight. Another cable short, another -10.0 pips, Ray's bottom line down to £246.00 at both GKFX and Alpari UK. This "false breakout" was however longer lasting than the previous ones. It took 3 hours and 21 minutes on both GKFX and Alpari for Ray's (overly tight?) stops to get taken out this morning.
More on Persistent Patterns in Ray's Spread Betting Live Test
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Ray Robot II™ has been automatically spreadbetting on four different accounts for 3 days now, two of which are live accounts with real money in them, and two of which are solely for demonstration purposes. The trades themselves have been fairly uneventful so far, although I'm sure much more excitement is waiting just around the corner! Today the live and demo accounts at both GKFX and Alpari UK all suffered their third 10 pip loss in a row. They all shorted GBP/USD just below the previous day's low yet again, and they all lost once more. Some sort of a pattern does seem to be developing however. Just like yesterday, it took longer for Ray's stop loss to get taken out at GKFX than it did at Alpari UK. 6 minutes at GKFX versus 5 mins at Alpari UK on this morning's trade.
More on Our MetaTrader 4 Spread Betting Live Test Suffers Some Delays
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We were just gearing ourselves up to gently launch Ray Robot II™ onto an unsuspecting world when Alpari UK announced that they had started offering MetaTrader 4 spread betting accounts. In contrast to some reports elsewhere on the web, here at the Trading Gurus we are well aware that automated spread betting via MT4 has been available for well over a year from another broker – the recently renamed GKFX. We figured we'd kill several birds with one stone by running RR2 in identical fashion on live accounts from both MT4 spread bet brokers. While we're at it we thought we'd also try him out on demo accounts from both brokers, to see if there is any noticeable difference between automated live trading and pretend trading at our small sample of MetaTrader brokers. Whilst we're at that we thought we'd also compare some backtest results with all those forward test results, to see whether that made any difference to the outcome(s).
More on Ray Robot II™ Spread Betting Live Test – Alpari UK versus GKFX
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It's been quite a long wait, but Alpari UK have announced today that they are now the second broker to offer automated spread betting using the MetaTrader 4 platform to UK residents. According to their news release:
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