ECN brokers provide direct access to the Forex market without using a dealing desk.
When running an Expert Advisor, MetaTrader ECN brokers do not allow trades to be opened with non-zero limits. The takeprofit and the stoploss must be equal to zero or the order will fail to open.
All Expert Advisors created by VTS provide an ECN input parameter.
If the ECN input parameter is set to true:
- All trades are open with zero takeprofit and stoploss values.
- On the next tick, the trade is modified with the user-set takeprofit and stoploss values.