Here is my situation. I want to build a scalping EA. I haven't coded it yet, as I want to make sure the platform I code it in is compatible with the broker I use.
Here is what I need:
1. ECN or straight through process since I'm scalping and don't want to get shut down for doing so.
2. Ability to build an EA onto their platform. I want to be able to do it for free. The only other automated trading packages I've seen, such as NinjaTrader, cost around $1K and I don't think they're worth it if I can do the same on MT4. Do I have any ECN broker options with MT4 compatibility?
3. Low spreads on 1-3 currencies. I am not going to be trading every currency under the sun. I might be fine with implementing the system on just one currency. The system will produce enough signals. So perhaps there is a broker who is famous for having ridiculously low actual spreads on a single currency? I would love to implement the system on 2-3 currencies pairs depending on correlation, but if I need to alter the system to a point where I think the spread affects the performance I won't bother.
4. Low initial deposit of $1K or less. I don't believe in back testing, or forward testing on a demo account. I am willing to throw $1k at my system to see if it works. I believe it will, but only real world trading will tell depending on the slippage and re-quoting the broker gives me.
Those are the requirements for now. If there is a large broker that can accommodate this I would obviously prefer them to the small time buckets.
Any suggestions?
Here is what I need:
1. ECN or straight through process since I'm scalping and don't want to get shut down for doing so.
2. Ability to build an EA onto their platform. I want to be able to do it for free. The only other automated trading packages I've seen, such as NinjaTrader, cost around $1K and I don't think they're worth it if I can do the same on MT4. Do I have any ECN broker options with MT4 compatibility?
3. Low spreads on 1-3 currencies. I am not going to be trading every currency under the sun. I might be fine with implementing the system on just one currency. The system will produce enough signals. So perhaps there is a broker who is famous for having ridiculously low actual spreads on a single currency? I would love to implement the system on 2-3 currencies pairs depending on correlation, but if I need to alter the system to a point where I think the spread affects the performance I won't bother.
4. Low initial deposit of $1K or less. I don't believe in back testing, or forward testing on a demo account. I am willing to throw $1k at my system to see if it works. I believe it will, but only real world trading will tell depending on the slippage and re-quoting the broker gives me.
Those are the requirements for now. If there is a large broker that can accommodate this I would obviously prefer them to the small time buckets.
Any suggestions?