Tag Archives: metatrader

General Forex

Forex Metatrader Broker

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When you trade in forex online, you need a broker. A few years back you could easily select a broker for you, as there number was limited. With the advancement of internet and exponential growth in the forex traders, more people being traded in this field have seen noticeable growth tin the forex brokerage industry. You have around 25 forex brokers now who provide service to all need of all types of traders they take care of smallest to biggest forex traders.

Remember to exercise caution if you are planning to choose your broker from an online forex broker list. Owing to the highly competitive nature of this business, there are many scam lists which can lead you in the wrong direction and rob you of your hard earned cash.A broker is not required to have membership of multiple regulatory bodies as each of these bodies will help to protect against fraud and manipulative trade practices. A metatrader broker is a Forex broker that supplies the metatrader platform to an individual. Your metatrader broker will be the crutch that you can depend on when you find that your Forex robot just is not enough for you. Yes, the robot will make the process much easier than it would be if you just jumped in and tried to perform trades and exchanges yourself, but sometimes it just is not enough.

It is however important that the Best forex broker that you select is a member of at least one. Always check out the authenticity of the broker or company before making any sort of investment. It is important to take a detailed look into the success graph of the brokerage firm; never believe anybody who promises you millions in a few days. The best way to make money in the forex trade is by being consistent; this is the only lasting and sure-shot way to gain financial success.

Forex Trading Articles

Forex Trading Mt4 – A MetaTrader Tutorial For Back-Testing Forex Trading Systems

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Forex Trading Mt4

MetaTrader 4 is one of the leading Internet forex trading platforms currently available for the individual trader. This article is designed as a tutorial in using the MetaTrader 4 software to back-test an expert advisor or a personal trade plan.

Your first step will be to get the expert advisor software or your personal trade plan loaded into the MetaTrader 4 system. You can consult your expert advisor’s instructions and tutorial on how to do this. Once you have loaded the expert advisor, you then go to the “View” pull down menu at the top of the MetaTrader 4 console. Then click on “Strategy Tester” or hit “Ctrl R” on the keyboard.

After clicking Strategy Tester, a window will appear at the bottom of the MetaTrader 4 console. This is where you will set up your expert advisor. Note that you will need to input your trading parameters into the MetaTrader 4 system before you can back-test your own personal trade plan or strategy. Only expert advisors and trading plans that have been compiled and placed in the /EXPERTS subfolder of your MT4 directory can be tested. Forex Trading Mt4

If you have correctly installed your expert advisor, and/or correctly input your personal parameters for your personal trade plan, you must then select the expert in the “Tester-Expert Advisor” field. At this point, continue by taking the following steps in the “Settings” tab of the “Tester” window where you will:
1. Select the expert advisor and set up its inputs.
2. Select a symbol and period.
3. Select from among the three modeling methods.
4. Set the time range you will want to test, if different from the default. Forex Trading Mt4

Forex Trading Articles

Metatrader Forex Trading System – Forex Trading Essentials

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Metatrader Forex Trading System

If you are an active forex trader and are currently using MetaTrader 4 along with an expert advisor software package, but do not use a dedicated MetaTrader server, then you have probably already encountered problems with data stream disruption impacting your trading. Disruption of data while trading a volatile market where you have open positions can be a nightmare, no matter whether you’re trading manually, or using an automated trading robot. In fact, this is the number one cause for complaints among traders using this type of software. Metatrader Forex Trading System

If the data stream to your MetaTrader 4 terminal is interrupted, then the automated trading software needs to re-evaluate the data from the point of renewal. This can affect the entire automated trading process, leading to results that may be disappointing from software that would otherwise be very profitable.

The solution to this dilemma is to have your automated trading hosted by a dedicated MetaTrader server. Dedicated servers offer constant connectivity and your MetaTrader 4 platform can run much more efficiently, even with multiple expert advisors running.

A dedicated MT4 server is a server computer located in a data center which traders can access online from their own PCs. Also know as Virtual Private Servers or VPSs, you can take advantage of some great features they offer that will enhance your automated forex trading experience considerably.

Some of their advantages include:

– You can safely run your MetaTrader and other automated programs without risk of an Internet outage. Dedicated server providers are normally equipped with back-up power and highly secure locations to ensure that your data remain intact.
– A dedicated server service allows you to back-up and store all of your important files on the server.
– Run server -based software such as Microsoft Exchange without needing to get your own server.
– Take advantage of around-the-clock access and market monitoring capabilities.
– Remote access using Windows Radmin or Remote Desktop Connection means you can take the power of your MetaTrader server with you when you travel. Also, using the same application, you can get together with other traders and trading groups to collaborate and exchange strategies. Metatrader Forex Trading System

Many online forex brokers that support MetaTrader also offer hosting packages, although a number of MetaTrader servers can be found online specializing in forex hosting. Naturally, you’ll be better off knowing what you’ll need in terms of storage and bandwidth before you start shopping.

Several key factors to consider are bandwidth, RAM and storage space, and the more you trade, the more you will probably need. Server services range in price, starting at around $35 per month for a package offered by ForexVPS for 500 GB of bandwidth, 10 GB of storage and 768 MB of RAM. On the higher end, it costs $1,224 per month for 4,000 GB of bandwidth, several Terabytes of storage and 8 GB of RAM.

If you are planning to be very active and run multiple expert advisors, or even an entire trading company, a larger dedicated server package can make sense. Nevertheless, for most beginning and intermediate traders, a mid-sized server is usually sufficient and only runs about $60-$70 a month.

Perhaps the most important feature to look for in a dedicated MetaTrader server service is dependability. Make sure the service you choose is highly-rated by other forex traders since you want your automatic trading systems running smoothly all the time to ensure maximum trade execution performance and profitability. Metatrader Forex Trading System