Gold-i Quote Checker
- Prevents Clients From Trading On Stale Prices
- Automatically Notifies The Broker Of Stale Prices
- Reduces Risk From B-Booking
- Disables Trading When No Updates To Prices Have Been Received
There is nothing worse for an MT4 broker than clients trading on old, stale prices as they can make unlimited amounts of money with absolutely no risk. The Gold-i Quote Checker protects brokers against this by continually monitoring that rates are being published. It disables trading when no rates have been sent for a configurable period of time. This useful MT4 plug-in emails your support function when rates are enabled/disabled.
Three Different Modes
The QuoteChecker can operate in one of 3 ways:-
Symbols Mode - Each symbol is enabled/disabled independently of the other symbols.
Securities Mode - All symbols in a Security Group are enabled/disabled together.
System Mode - All symbols in the MT4 system are enabled/disabled at the same time.
If a client tries to trade and the Quote Checker has disabled trading, they will receive a message saying “Trading Disabled.”
Multiple Quote Checker Plug-ins
It is possible to run multiple Quote Checker plug-ins simultaneously to enable clients to set different "price/quote timeout" values for different security groups – for example, if a client wants their Forex symbols to have a 120 seconds quote timeout and all their CFD's to timeout at 160 seconds. In this instance, Gold-i would install two QuoteChecker plug-ins with the specified securities in the "Ignore Securities Group" field and then set up the appropriate "Quote Timeout" for each plug-in.