Tag Archives: metatrader

Forex Trading Articles

Mobile Trading With Metatrader

Trading in the financial market has been growing over the years. With its growing popularity, the technology also has evolved. Forex brokers and traders now have a multitude of choices of trading devices or forex trading platforms to choose from. There are now options that allow you to stay connected and managed your trading accounts even while on the move. This is tremendously convenient since it enables you to access your accounts anywhere and anytime without being tied to your desk. You can now manage your accounts from handy devices like cell phones and PDA’s.

One of the ways to stay connected is mobile trading through MetaTrader 4 Mobile. Installing MetaTrader 4 Mobile on your cell phone or PDA terminal lets you access your trade account, control open positions, current quotes. It would also allow you to place, delete and change orders. The MetaTrader 4 Mobile is similar to the full function MetaTrader 4 trading terminal. This means you could engage in forex trading and in trading in other financial markets while on the go.

Here are some of MetaTrader 4 Mobile’s features:

1) Full management of all your trade accounts.

2) You can take it everywhere with you, therefore you can work from any location in the world.

3) It has over 30 technical indicators giving you a chance to undertake technical analysis, view the history of completed trades and more.

4) You can place, change or delete all types of orders.

5) MetaTrader 4 Mobile ensures, you will never miss anything with their alerts system. Therefore, there is no need to constantly check your computer or phone for any changes in the market.

6) It gives you access to financial market news critical to any trade deal.

7) Has VGA mode support. This allows you see a clear view of all information on the PDA (personal digital assistant) display at 640×480.

MetaTrader 4 Mobile offers a hassle free and safe trading right on the palm of your hands. You are guaranteed that the completion of each transaction you make is treated with strict confidentiality and ensure that it is absolutely secure. It also has multi lingual support that allows you to switch between languages. MetaTrader 4 Mobile is great alternative to managing your accounts twenty-four hours a day, the great thing about it is that it allows you to do all this without being tied to your computer.

General Forex

Metatrader Tips – Expert Advisor Optimization

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MetaTrader Tip aE” Expert Advisor Optimization MetaTrader’s Strategy Tester is the one to use to get the most out of your Expert Advisor. You will need to optimize and backtest your strategy using this. Forward testing in a demo account is essential but backtesting allows you to simulate trading over a long period of time in just minutes. And you can find out which settings performed best over a selected historical chart period with optimization feature. Testing thousands of combinations of expert advisor settings to find the most profitable settings for the selected chart, period and date range is what the optimization feature of MetaTrader 4 will allow you. Indicator-based strategies will need to be optimized for maximum profitability. However, almost all EAs will benefit from optimization – even those that trade on tick data, provided you have complete M1 history data. There is no guarantee that these settings will be profitable in the future while the optimizer will return the most profitable settings for the selected date range.

It is important to regularly re-optimize your expert advisor for best results for market conditions change often. The first thing to do is to select from the Expert Advisor drop-down box to optimize your expert advisor. Select the currency pair from the Symbol box and chart period from the Period box. For Model, you’ll generally want to select “Open Prices Only,” unless you are optimizing an EA that runs on tick data. In that case, select “Every Tick.” Check the Use Date option and select a range of dates to optimize for. Lastly, make sure that Optimization is checked. To open your expert advisor settings, click the Expert Properties button. Under the Inputs tab is where you’ll enter the range of values to optimize for. The Start column will be the lowest value for a given setting, while the Stop column will be the highest. The Step column is the amount that the optimizer will “step through” from the Start to the Stop setting. The optimizer will test every combination of values from 20, 40, 60 and so on up to 200. Use a start, step and stop value that is appropriate for the setting you are optimizing. Even values (5, 10, etc.) are good. For that setting to be optimized, the checkbox to the far left must be selected. Any settings that aren’t checked will use the number in the Value column when optimizing. You can adjust the Initial Deposit to something a bit more realistic Under the Testing tab.

Leave the other settings at their defaults. Hit the Start button at the bottom right of the Strategy Tester window when you’re ready to begin optimizing. It can take anywhere from a few minutes to several hours depending on the period, the date range, the testing model and the number of settings to be optimized. Consider shortening the date range, optimizing fewer settings, or using a larger step value if it’s taking too long. Open the Optimization Results tab and double-click the Profit column to sort the results once the optimization is finished. Double-click any of the results to load it into the tester. To backtest with the selected settings, hit the Start button again.

General Forex

Metatrader 4: A Convenient Means to Trade in Forex

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Metatrader 4 is certainly one of the most preferred platforms for forex trading around the world. Ask any expert, and he/she will tell you that it is their choice as well, for the simple reason that it is easy to use and provides a comprehensive view of the global markets. And one of the key tools that has been instrumental in giving this platform its current popular status is the Metatrader Forex Indicator(s). With this tool, you can have the edge of technology on your side to get better trading acumen and drive higher returns on your investments. And of course, another factor that attracts individuals and traders/brokers alike to this tool is the fact that it is free.

The Metatrader 4 indicator gives you its main benefit in the form of delivering the latest news in real-time updates on your computer screen. And even though they may or may not have any impact on the current trade, you would at least stay updated on the recent developments in the market, and would not have to look for another source like the television or internet sites that are sure to disrupt your attention while you are trading. Further, there are also a wide range of currencies that you can trade via this platform, and also leverage the data provided from the charts that give information regarding the history as well as the current status.

This would help you take better decisions and invest in the right place via Metatrader 4. And if you think that too much of information is going to be confusing, rest assured that it’s going to remain as user-friendly as ever, since everything is going to be organized and placed in manner that is easy to read and comprehend. In the end, I would just say that the Metatrader 4 forex indicator is a great tool to help you invest properly in foreign exchange, and must be tried at least once.

General Forex

Metatrader Tutorial: How to Use Forex Robots

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If you have recently purchased or are planning to purchase a forex robot (also known as an Expert Advisor), then this could well be the smartest step you would be taking to maximize your wealth. However, the basic problem that many individuals face is due to the fact that they are not technically well-versed with the technology that runs behind this tool. And this is why I present to you a Metatrader tutorial that can give you a better insight into the same. Once you have procured the forex robot, your next step should be to find a broker who supports Metatrader 4.

This can be done very conveniently via the popular search engines (Google, Bing, Yahoo), and once you have the broker’s Metatrader 4 platform installed on your system, find the .ex4 file that was given to you when you purchased the forex robot. The best thing to do now would be to save this on your desktop, since that is always a more convenient option. However, don’t try to open the same since you would always get an error message. Next step in this Metatrader tutorial would be to go to the experts folder for the broker’s account on your Metatrader 4. For this, you need to double click on the ‘My Computer’ icon, and then again double click on the C:/ button. Double click on ‘Program Files’ and navigate to the Metatrader 4 broker’s account. Double click here once more, and open the experts folder by double clicking on it. Once this is done, you need to drag and drop the .ex4 file here. Then, close all the running applications and start the Metatrader 4, and you will see the forex robot in the experts tab, ready for use. So that’s it! A step by step Metatrader tutorial for you to install and use a forex robot on your Metatrader 4 platform.

General Forex

Learn The World’s Number One Forex Trading Podium: Metatrader 4

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Nearly all brokers offer this platform to their patrons, in addition to their own problem contaminated and feature missing programs they developed causing clients to just about lose funds by the time they gain knowledge of how to utilize it. Mastering metatrader is a essential do opening on training accounts to shun losing funds in the actual account. Key running directions that can hardly go over a page can hoard you a fortune in possible losses due to need of acquaintance of this software.

Each Forex dealer must have his own type of MT4 dealing platform so it will reproduce the broker convention in respect to hedging and margin procedure. Most attention should be paid to the Mt4 platform summary line, It provides a trader an idea of what is going on on the account as: Balance means account balance including recent proceeds, but hovering profit/loss not incorporated, Equity means same balance but after hanging profit/loss integrated, Margin means the amount of your deposit laid out for your open positions, FREE MARGIN is the amount of shelter against the market and the amount of your Equity that is not used yet, and also not been consumed by your losing orders, When you run out of FREE Margin, one or more of your bigger positions will be closed resulting on harsh loss ! To avoid margin calls do not use more 10% of your purchasing strength and you should be able to endure normal market state of affairs, If market is very capricious use only 5% of your Free margin.

Before you run out of Free Margin you have the choice to slam positions with smallest amount losses to Free Margin, After you run out of FREE margin most losing trades will be closed in order to free margin in the account. Many apprentice clients start via this software by opening a Forex trade without any idea on how to close the trade. I have seen this occurrence, There is a push button to open a deal but there is no button to close the trade, because once the trade is listed in the terminal window it can be twice clicked to show the close trade knob. If you choose Mt4 platform as your trading software of choice you should do some research on Forex brokers, download to your computer their Metatrader platforms and try it on virtual accounts.

After practicing for few months you should have an idea of the better brokers so it would be time to check out one of these brokers on a undersized real account, followed by a comparison between the demo and real accounts of this broker, pay attention to requote requests and times you get busy trade context errors and no connection errors. Begin your ordinary Forex account with the broker who’s virtual account mimics the live account finest. stay away from brokers who have big differences between demo and live accounts. No matter how a decent trader you become, practicing in virtual accounts should be uninterrupted to master Currencyy trading. The Metatrader 4 at present stands at release 4 build 224 with updates coming infrequently from your broker, Version 5 should become available later this annual and is expected to be more than just a revise, it is going to be a whopping makeover.