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currencysecrets/MetaTraderBrokerQuestions.md

Created September 30, 2013 11:14
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Things to TEST and ask your MetaTrader broker about when designing and implementing your MetaTrader system.
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MetaTraderBrokerQuestions.md

Important questions you will need to know the answers to BEFORE operating a LIVE MetaTrader account with your broker.

Price/History

  1. Are ticks mantained throughout the weekend?
  2. Are changes to Daylight Savings made? Which country is followed as the baseline?
  3. What time zone is stamped on price?

Positions/Orders/Trades:

  1. Are integers stored in the OrderMagicNumber maintained?
  2. Are there times throughout the day when trading is suspended? (eg. 5 minutes after 1700 NYEST)
  3. Can I hedge positions? (have one LONG & one SHORT position on the same currency)
  4. What is my brokers policy with maintaining free margin?
  5. What happens when a margin call is made? Are positions fully or partially closed?

Commissions/Swaps:

  1. Is commission charged? If so, is it charged per round turn or per trade?
  2. Are swaps charged/paid? If so, when? Are partial swap charges/payments made if positions are closed prior to swap time?
  3. When are swap values calculated?
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