Hello, dear blog guests, today we will try to answer the question of what is better than Quik or MetaTrader, since the information may be of interest to both beginners and experienced speculators.
First of all, it is necessary to mention the fact that nowadays, to perform almost any popular task, there are at least two software options that were created by different development teams. This state of affairs creates competition in the market, due to which products from different manufacturers are constantly improved in order to attract new users and not lose existing ones. Currently, there are two main applications used by speculators for trading. These applications are called "Quik" and "MetaTrader". Next, we will try to consider in as much detail as possible the distinctive features of these platforms and understand what specific tasks they are best suited for.
Both applications in question are trading terminals that provide speculators with access to the market. They differ from each other in available functionality and also have different user interfaces. By comparing these characteristics, we will try to answer the question of which of the applications under consideration can be called the best.
Which is better Quik or MetaTrader. Features of MT4
MetaTrader 4 is a trading platform that was released by MetaQuotes Software Corp. The latest update for this trading terminal was released in the spring of 2020. The main purpose of this update was to ensure stable operation of the application on the latest version of the Windows 10 operating system. Considering the platform is extremely popular among both domestic and foreign speculators. Among its main advantages, the following deserve special mention:
- Availability of three transaction execution modes.
- The ability to use six types of orders to earn money (two types of market transactions and four types of pending ones).
- Possibility of using three types of stop orders (Stop-Loss, Take-Profit and Trailing Stop).
- The ability to monitor changes in quotes of the selected asset on nine time intervals.
- The presence of more than fifty built-in tools that can be used to assess the current market situation and determine market entry points.
- Possibility of additional installation into the trading terminal of several thousand trading robots, indicators, scripts, as well as various auxiliary applications that can be found in the official Market.
- Possibility of automatic trading based on signals received from experienced speculators.
- Ease of mastering the available functionality, as well as the availability of specialized tools for optimizing and testing various types of technical tools, as well as creating new ones.
- The described application has versions that can work with operating systems such as Android and iOS. Thanks to this feature, users have the opportunity to trade in the foreign exchange market using a mobile device. The fact that the version of the described application for mobile devices has all the necessary functionality for comfortable trading deserves special mention.
- Availability of an online version of the trading platform that does not require installation. This version of the application is compatible with any operating system.
- The terminal has its own notification system about the appearance of important financial information.
An important distinguishing feature of the described terminal is that the interface is as easy to use and master as possible. The application itself has a window structure familiar to all Windows users. It is thanks to this that beginners spend a minimum amount of time mastering the interface.
Whose orders are visible
So, the histogram displays a set of data on orders from sellers and buyers, but not all of them are decisive for the development of the trading situation.
Thus, limit orders of trading robots are difficult to track on a chart. They are visible not in the order book, but in reporting on executed orders. Monitoring the deal feed gives an idea of the algorithm of their work. The actions of trading robots are characterized by repeatability and fast execution due to the high speed of calculations.
In addition to them, speculative traders operate in the market, seeking to achieve maximum daily turnover. They place a large number of short-term execution orders in one trading session.
Average traders and investors make up the majority of trading participants. This category can be determined by the volume of transactions concluded and the period for placing orders. Such market participants trade according to individual strategies, however, their behavior is predictable.
A fairly powerful market force is market makers. The exchange often takes on this role. It takes care of maintaining the asset at the same price level in order to gain positions. Exchange orders are graphically displayed as two distinct “walls” on the sides of the histogram.
They are formed by groups of similar offers Ask and Bid, placed with the aim of containing price dynamics within an agreed range. Market makers open bilateral orders using special algorithms, the purpose of which is to maintain the liquidity of the asset.
Major players are active and influential market participants.
Quik platform
The described platform was released by ARQA Technologies. Among the main advantages of this platform, it is important to mention the following:
- Possibility of flexible configuration of the trader's workplace.
- Easy to place and delete trade orders.
- The ability to use pending and conditional transactions for trading, which are executed when specified conditions are reached. It is also important to mention the possibility of batch placement of pending transactions.
- Ability to import transactions generated using other applications.
- Access to the exchange order book.
- The ability to change the display of a trading chart for different market parameters, which can be automatically processed using technical tools.
- Access to three types of margin trading (at discounts, with control of the asset price and leverage size, and for an open position).
- The ability to use different schemes for calculating commissions for created transactions, which depends on the current tariff plan.
- Thanks to the modular structure of the described platform, it is possible to create its individual configurations depending on the trading style of the speculator and the tasks that he faces.
- Possibility of expanding the functionality of the trading terminal using server modules and user applications.
- The ability to install the application both on a computer with the Windows operating system and on a web server. If you use a web server, you can access the trading terminal using a device with any operating system.
- The platform supports a number of useful services, such as risk management, trust management, securities basket, etc.
The platform in question allows the speculator to gain access to the following trading platforms:
- Moscow Exchange.
- St. Petersburg Stock Exchange.
- CME exchange platform.
- The LSE and the derivatives market of this exchange.
- Exchange platforms Eurex and Turquoise.
- EBS Spot FX Exchange.
- Trading platforms Thomson Reuters Matching, KASE and
- Ukrainian stock exchange and its derivatives market.
Also, users of this trading terminal get access to a number of information interfaces, such as Bloomberg B-PIPE, MFD-Informer, Interactive Brokers, etc.
To increase the available functionality of the described platform, you can use a number of modules, among which the following deserve special mention:
- Multi-broker service module.
- Application for automatic trading.
- Module for generating cross-rates.
- Application for maintaining archives, etc.
Whose orders are visible
It is very important to understand that not all parts of the price and not everything that “Market Depth” displays is important. Traders just like you place orders there, and therefore you shouldn’t pay attention to them, because 99% of people lose money trading, not earn money.
Now let's take a closer look at who we will be dealing with when viewing the “Market Depth” chart:
- Trading robots . Limit orders of these robots are quite difficult to notice in the “Market Depth” and the order book, but they can be very clearly tracked in the book of executed orders. They are distinguished by their speed of execution and, as a rule, constantly repeated actions.
- Speculators . As a rule, these are traders who strive for high intraday turnover, scalpers and others.
- Average traders and investors . This is the largest part of people trading on the stock exchange. This is you and me.
- Market makers . Currently, the exchange itself is engaged in similar activities; it maintains an asset at a particular price in order to gain positions. You can find her orders by a large accumulation of orders on both sides, i.e. there are large “walls” for buying and selling that hold back the price.
- Big players . These are the guys we need to keep an eye on. They are the ones who influence the price the most. They can be found at high prices at a certain price range.
Comparison of Quik and MetaTrader
When comparing the interfaces of the trading platforms described, it is quite difficult to make an unambiguous conclusion about which one is more convenient. At the same time, practice shows that a beginner will need significantly less time to master the MT4 interface.
At the same time, it is important to mention the fact that the Quik platform provides the ability to change the interface without any restrictions, which is a definite plus for experienced speculators. With some experience, the Quik platform interface can be changed in such a way as to make the trading process as comfortable as possible. The MT4 platform, unfortunately, does not have such capabilities.
When comparing the assets available for earning money, the clear leader is the Quik platform. Special mention should be made of the fact that while in MT4 speculators only have access to CFDs on shares, users of the Quik platform have the opportunity not only to trade shares, but also to receive dividends from purchased securities.
In terms of the number of available tools for assessing the market situation, MT4 is the clear leader. This platform is initially equipped with a large number of different trading instruments. It is also important to mention the fact that due to the fact that a fairly simple MQL programming language is used to write tools for MT4, on the Internet you can find a huge number of indicators and advisors created by users. It is difficult to say which of the described platforms is better; for this reason, beginners are advised to try both trading terminals and decide which one suits them best.
What to look for
It is important to understand not only what market depth is in quick, but also how to use it in your trading strategy. Given the wide variety of forces operating in the market, you need to pay attention first of all to global trends. The actions of influential players determine the development of the bidding situation. A significant indicator is the placement of large limit orders. They set the direction of price dynamics and predetermine its likely rebounds and breakouts.
Impact on the market
For now, we can say that trading on the dark side reduces the impact on the market, but it is very unlikely that they will reduce it to zero. Liquidity that crosses when there is a transaction, in particular, from somewhere - and at least some of this can come from the public market, like an automated broker's system intercepting market bound orders and instead crossing them with the buyer/seller. This disappearance of the opposite side of liquidity as it trades with the buyer/seller and leaves the market will lead to exposure. In addition, it slows down the movement of the market in a direction favorable to the buyer/seller and its speed in an unfavorable direction. For the market, the impact of hidden liquidity is greatest when all government liquidity has a chance to cross with the user and least when the user can only cross with other hidden liquidity that is not present in the market. In other words, the user has a trade-off: reduce the execution speed by crossing with only dark liquidity, or increase it and increase its impact on the market.
Independent dark pools Dark pools / Dark Pool
- Instinet
- Liquidnet
- NYFIX Millennium
- Posit/MatchNow from Investment Technology Group (ITG)
- Pulse Trading BlockCross
- RiverCross
- SmartPool
- TORA Crosspoint
- ETF One
Broker-dealers that have dark pools
- Barclays Capital - LX Liquidity Cross
- BNP Paribas - BNP Paribas Internal eXchange (BIX)
- BNY ConvergEx Group (an affiliate of Bank of New York Mellon)
- Cantor Fitzgerald - Aqua Securities
- Citi - Citi Match, Citi Cross
- Credit Agricole Cheuvreux - BLINK
- Credit Suisse - CrossFinder
- Fidelity Capital Markets
- GETCO - GETMatched
- Goldman Sachs SIGMA X
- Knight Capital Group - Knight Link, Knight Match
- Deutsche Bank Global Markets - DBA (Europe), SuperX ATS (US)
- Merrill Lynch - Instinct-X
- Morgan Stanley - NightVision
- Nomura - Nomura NX
- UBS Investment Bank - UBS ATS, UBS MTF, UBS PIN
- Societe Generale - ALPHA Y
- Bloomberg Tradebook (an affiliate of Bloomberg LP)
- Daiwa - DRECT
Important: Infographic: Who will make money from the Twitter IPO
Consortium
- BIDS Trading - BIDS ATS
- LeveL ATS
Exchange owned dark pools
- International Securities Exchange
- NYSE Euronext
- BATS Trading
- Direct Edge
- Swiss Block
Other
- Chi-X
- Turquoise
What to look for
First of all, you need to look at large limit orders. As we remember, it is thanks to them that the price moves or rebounds.
The second thing to look for is duplicate orders. Often, when there is insufficient volume on the OTC or other problems, large dealers are forced to buy or sell an asset on the exchange. But due to their massive amount of assets, they cannot carry out the entire transaction at once, as this will greatly affect the value of the coin. In connection with this, they are forced to conduct transactions in small batches using a special algorithm that repeats the purchase or sale of an asset under certain conditions, for example, every 5 minutes he buys 30 lots or every touch at a price of 9500 he buys 20 coins. There are different algorithms and you will have to find them yourself.
Thirdly, you need to be able to filter out false indicators in the order book. There are cases when the “Market Depth” chart looks like this:
In this case, any inexperienced trader will immediately say that you need to buy an asset, but this may not be true, since large players whose orders we are trying to catch can deliberately mislead average traders and investors in order to take more from them parts asset Market makers can do the same. Therefore, we never look only at the depth chart, but look at the whole picture: market depth, executed orders, order book.
