ok, spent some time with a member this afternoon to do a little layman investigation into the recent builds of Empty4. We all know that the MT5 was somewhat a flop as some functionality was very pro-Broker.... I will not go into this, those who are interested to a google search....
We all love our little Empty4 as it only does what we want it to do.... For a new installation, the broker provides a nice little installer that downloads everything from a server and installs it into a directory of your choice.... This installation comes with a few standard bits & bobs, default EA's, indicators, scripts, templates, profiles, whatever.... But nobody uses that stuff anyway, we add out own Eas, indicators, includes, DLL's - whatever tickles our fancy....
Do this little experiment - download an installer for Empty4 from any of the brokers, and install it to a different directory than your standard destination for the platform, preferably to a different drive (if you have one)....
1. Deselect the "Start the program after successful installation"(!) at beginning of installation!
2. Again, do not start the Empty4
3. Go into the installation directory and basically delete all the files that are installed by standard, not the ones directly below the install directory, only the files in the folders as per image attached. Do not delete the sub-folders either!
4. Now you start the newly installed Empty4, open a new demo account of your choice
5. Go to Options - Trade and deselect the One-Click Trading - see image
6. Restart the new platform
7. Now check the state of One-Click Trading under Options - Trade again - voila.....
For the record: I do not know whether the One-Click Trading function is put in by MQ or not!
Think about the following - MQ has designed a fairly decent piece of financial software (sure it is not perfect but it is free! and very, very customizable, if you CHOOSE to). All of the sudden, some parties in this game figured out how to add stuff to it that you, the user has not control over (see examples given in the links provided in my first post) - so what else is there, that we do not yet know about....
I have no idea who puts what into the installation routine of Empty4, but if 3rd parties have the possibility to mess with financial transaction software that is scary to me..... And I if I were the owner / programmer of Empty4 with all the liabilities this probably entails, I would probably react in a similar manner as MQ obviously has....
And you may now de-install this Empty4 version used for this little test..... Or you can just trust me - I did it for three different brokers who shall remain anonymous, the One-Click Trading does not seem to be calling a specific file the user may delete and I was not able to disable the add-on... it sits embedded in every chart you have opened, all the time.. doing what I wonder? To be quite honest, I wasn't even aware of the existence of this little add-on until today, never used it, never will have any use for it and I for one, dont want it in my Empty4....
Just my 2 pips / Have a great weekend / Mop
PS And I am reasonably sure that MQ will not torpedo their business model so a lot of the stuff flying around will prove to be over-done.... |
