Metatrader is the most popular platform used by forex traders today. It can also be used by those that are involved in other equity markets namely futures and CFD. This platform us designed to provide brokerage services to the user. MT4 or Metatrader 4 is currently free of charge and this is why a lot of forex traders take this opportunity to utilize the said platform.

Forex Metatrader has plenty of indicators built within the system. Also, you get to develop your own trading strategies with the Metatrader. Many traders consider this platform as the best one out there due to the fact that it has several features that really help in every trader’s activities. You can test your strategies here once you have coded it in the Expert Advisor, which is on the historical data of the platform. For instance, in simulated testing, you can make sure that your trades are being performed well because of they are vividly displayed on the charts and are provided with testing reports.

What is great about Metatrader is that you do not have to be an expert just to access the platform. It is user friendly and can be very versatile and flexible. You can use it no matter what your trading style is and whatever ready made forex software you will use while trading in this financial market. This platform also allows you to analyze quotes and even make trades even if you are not present during the transaction.

You can find and download from the Internet the Expert Advisors, indicators, scripts, libraries and other things that you can use in the MT4 platform, which are all readily available for the forex traders. The other software that you can use, if not available on the Internet can be bought or are available from professional Metatrader programmers.

MQL4 or the MetaQuotes language 4 is the built in language used when you will develop trading strategies for the system. If you understand C++, you will be able to use this effectively. This language permits the trader to create automated programs, which is often the Expert Advisors. You can now trade automatically with the help of your trading system.

Another advantage that you will like is that you can trade almost anytime you want wherever you may be. This is because you can now trade with just your mobile phone you’re your Personal digital Assistant (PDA). Make sure you are connected to the Internet via GPRS or WAP so that you can access your trades without interruption. This mobile trading is comparable to the typical trading terminal using computers. They have the same features and capabilities and thus, you get the same efficiency level even when you are not in your office or at home.

Metatrader 4 has indeed revolutionized the way traders deal with the forex market. We all know how risky it is when you are involved with this equity market. Therefore, you have to be prepared and with the help of the forex Metatrader, there is no doubt that you will increase gains while reducing your losses.

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One of the best ways for a trader to make profits daily is to make use of a good trading platform. Ever since Metatrader has arrived, it opened a lot of possibilities for a day trader to earn money in every transaction he makes. This is the greatest trading software ever made which serves as a platform for traders and investors. With this program, you are connected to the Internet during the trading process and thus, you will never miss every pip placement.

Oftentimes dubbed as the trading robot, Metatrader scans the market constantly so that a trader will be able to make the right decisions that will lead to making money. Now, based on the predefined rules, the system will then execute the transaction on behalf of the day trader. Therefore, it is easy to conclude that this system is important to the trader especially when he wants to make the most out of his trading deals.

With an uptime of one percent, the system will provide all the potential functions that are required in helping the user grasp just what forex is all about. You do not have to be an experienced trader to use the platform. With its very friendly user interface, even a beginner will understand the whole system in a matter of minutes. This is an intuitive system and you can choose between PDA and desktop versions. Your broker can offer you with the Metatrader data, which is a real time data that pertain to the charting software as well as the other related facets such as screenshots.

Metatrader is not only used in forex trading but also in futures and CFD markets. There are probably over a thousand brokerage units around the globe that make use of this platform when they are trading. The trading interface grants sharp technical analysis along with the expert opinions that are quite useful for the trader himself. Apart from this, you can make your own trading strategy and you can expect that you will do well with it because there is a program that will guide you during the process of the development.

If you download Metatrader, you will know that this system will make it easier for you when you perform the trade particularly if you have assigned a set of predefined rules that will define what the system should do. Now, the process will not be on your hands alone and this is especially helpful since there are times when you may experience inconsistency in the emotional behavior.

Metatrader is a complete system which includes all the important components including Market Analysis, which determines what currency you should buy and what you should sell, Position Sizing, which states how much you should spend and sell and Entry, which tells you when you should make the purchase or the selling. Also included in the platform are the Stop feature, which tells you when it is time for you to get out of the current losing position and Exit, which states when you should escape on the winning position.

Traders like you love the idea of having an automated system that will help them perform the trades and in making decisions. Thus, quite a number of people are always going for the system since this is believed to be the best one out there. When you download Metatrader, you will really be glad to have made that choice since this is will not require you to be in front of your computer just to make the trades. Because this has made it possible for traders to perform transactions using mobile operable with Windows mobile and Palm OS, it is like you get instant connection no matter where in the world you may be. Practice Trading With a Free Metatrader 4 Demo From FXCM. Click Here

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There are several ways to make a trader become successful in his chosen business venture. He can have a good strategy and have great analytical skills. However, most professionals think that you should be able to spot the movements in the foreign exchange market and be able to make the right decisions regarding the fluctuation. As you know, this type of market is really volatile. Nevertheless, this is evidently the most liquid of all. Thus, there is no room for making mistakes since your money is at stake here. Now, how can you beat the market? One of the ways is to seek the help of a Metatrader.

A forex Metatrader is a complex trading platform that is designed to provide services to their customers by acting as the broker for Forex, CFD and Futures market traders. This platform is a whole cycle center. This means that there is no need for you to purchase any other available software out there just so you will be bale to organize the broker services for your business. The Online Metatrader 4 platform consists of a server, administrator, data center, manager and the mobile or client terminals. The server is the kernel of the system all of the queries that you have entered flood down to it. What the server does is to get the queries so that it can give you news and quotations and also for the fulfillment of the operations as well as for placing orders and trade execution.

When it comes to the administrator, this part of the platform enables the server to perform remote administration. The data transfer between the two is encrypted by 128-bit keys so you can be sure that the data you have entered is safe and protected at all times. The administrator is responsible of several jobs. These include controlling and managing the user groups and the rights settings. In addition, it also configures the financial securities list as well as the data feeds and the database backup operations. On the other hand, the data center is the connecting link between the clients’ and system server terminals. Most of the time, this is used to eliminate the association the client terminal and the main server. The manager is the one that processes the trade operations and the trader’s accounts. With this, you can access different terminals such as the risk-managers, dealers and account managers.

With the mobile program is similar to a full function terminal for trading. The difference here is that you get full access to the financial markets and even make deals no matter where you are. You can download Metatrader 4 mobile for free to test it or you can opt to buy it. This program supports thirty technical indicators including the Alligator and the Bollinger Bands. You also get sound alerts so that there is no need for you to watch your PDA every now and then just to know that there are changes in the market.

As for the client terminal, this is created so that it can provide technical analysis and trade operations in real time mode. Its key features include different execution technologies such as Instant, Request and Market Execution and this also provides online news coming from the financial markets.

The Metatrader platform has a friendly user interface so that you will be able to use it easily and effectively.

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Any trader who does not know about a Metatrader expert is completely unaware about the success it helps in the forex market. Now, there is the MT4, which is basically is the most popular for the winning traders. A proof to this statement is the great number of traders and companies around the world that utilize this so that they will be able to get great profits.

Metatrader 4 or MT4 is an online platform that is designed to help traders and institutions to deal with forex, CFD and others. So, if you are a serious trader who wants to gain more money then you should only choose a forex robot, which is solely derived from the MT4 platform such as the MT4 Expert Advisor. If you are completely new in the world of forex, you can make use of a demo account for a month or two so that you will be familiar with the environment. Usually, these MT4 programs come with a 60-day guarantee for your money so when you are not satisfied with the results, you can simply give the package back to the manufacturers.

Once you have acquired your software, you can now go trade live with the other traders using your real money and not just the one you have used in the demo account. This is where everything starts. You may gain lots of profits if you have a great strategy and it will really help if you have a great Metatrader expert advisor. You may wonder what the deal with this MT4 EA is since you can do the trading for yourself anyway. However, you have to sit in front of your computer monitor for several hours everyday so that you will be able to watch the important events that are taking place in the world of forex and all the other major news. Everything is in your hands. Thus, you do not have enough time to spend with your family, friends and even to yourself.

A Metatrader EA will give you enough time so that you will be able to dedicate more attention to your kids and even your hobbies. This is what most traders want since they also need some time to sleep and rest their minds so that they will feel refreshed and not stressed out the next day. The MT4 platform offers to do almost all of your tasks when you require it do so. You can visit sites such as the http://iticsoftware.com which will guide you in choosing the right software for a trader like you.

Regards,

Boris

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Putting metatrader indicators one over another in the indicators window

You can place several metatrader indicators or copies of one metatrader indicator, but with different parameters, in one window. View -> Navigator. We open the metatrader indicators menu, click on the necessary metatrader indicator by the left mouse button and drag and drop it in the metatrader indicators window. This method is quite approaches for indicators, which have an identical scale (for example, 0-100): Stochastic, RSI, etc.

The transaction from history on the chart.

View -> Terminal -> Account History. Click on the order, drag and drop it on the chart of the same instrument (if you drop it on the chart of another instrument, it will be substituted by the chosen one).

The order is displayed in form of arrows of opening and closing the order; it is connected by a section of trend line. Levels of Stop Loss and Take Profit are displayed on one vertical axis with open price.

If you drag and drop the order, pressing the “Shift” key, the whole trade history of this instrument (believe, it is very demonstrable) will be displayed on the chart.

Fast transition over the schedule.

You can use the fast metatrader navigation line for convenient positioning of the chart on necessary time (very convenient to use in full-screen mode, F11).

Disable auto scrolling of the chart. Press “Blank” or “Enter”. Write necessary value in the fast navigation line and confirm it by pressing “Enter”.

[time (hours:minutes)]
example: 12:00
[date]
example: 14.01.2007
[date] [time]
example: 14.01.2007 12:00

Symbol and period of the chart are changed in the same way.

[instrument]
example: FDAX
[period]
example: M15
[instrument],[period]
example: FDAX,M15

Arrangement of instruments in the metatrader terminal window

It is convenient to group charts in the metatrader terminal window (for example, yen pairs, metals, oil and gas, grain, etc.). If you opened many charts in your MT4, you can group them. In order to do it you should click on the instrument name by the left mouse button (below, where all open instruments in the form of a horizontal line are situated), and then drag and drop it in the necessary place on this line.

Metatrader Quotes window

By pressing F10 you open metatrader quotes window, those instruments, which you see in the “Market Review” window.

If you mark the item “Always on top” in the menu of this window, you can track quotes constantly, having moved them somewhere in a corner, so that the window doesn’t hinder work with other programs. The font and color gamma can be changed in the “Properties” contextual menu.

Metatrader Standard template

In order to make so that each new chart in the metatrader terminal is opened according to your options and preferences (color, indicators, type of chart, and so on) you should do the following. As a matter of fact, adjust those preferences and save the received template (Charts -> Template -> Save Template) as default.tpl.

Metatrader Lot size

By default, there are 13 variants of lot size (from 0.01 to in drop-down menu at setting up an order. It does not mean you cannot choose the desirable lot. You should only edit the value according to the size you want to have, or to set defaults in options (Service -> Options -> Trade).

Crosshair

Press the middle mouse button or the combination of keys “Ctrl+F” for fast activation of the “Crosshair” object. This property can be very useful in full-screen mode.

Ruler

It is a very useful tool. You can quickly see the distance in points and the number of bars between two points on the chart. Activate “Crosshair” (press the middle mouse button), click in the necessary point by the left mouse button and move the crosshair to the second point. Numbers in line indicate the following: the number of bars / the number of points / bid in the second point.

Order modification

Double-click on the order in area, where stop-loss or take-profit is specified, for fast order modification, when the “Trade” tab is opened. Double-click in other area of the order will open the “Buy by market” window.

Market review – fast addition of instruments

In order to add an instrument in the “Market Review” window quickly, you don’t have to open the whole list and to search among hundreds of forex pairs, futures and shares. You just need to double-click in empty area, type a symbol manually in the appeared window, and press “Enter”. The instrument is in the list.

Close a part of position

You don’t have to close the whole position; it is possible to close the position only partially. In order to do it you should click on the “close position” item by the right mouse button, and type the size of a lot, required for close, manually.

Compression of the chart vertically

For this purpose you should move the mouse cursor to the right, in the area where price is shown, until the arrow becomes bidirectional. Grab the price and drag it downwards. Compression functions on all timeframes of the chart. Double-click in the area of price will return the chart in initial state.

Types of passwords in MT4

There are two types of passwords in MetaTrader: the password of trader (the main password) and the password of investor (viewing of open positions, account history, and balance without the rights to trade).

Distinctive features of the investor’s password: idle F9 key; the terminal does not react on clicking on positions; there are no items for controlling positions in the menu of the right mouse button on the “Trade” tab.

Change of trader’s password

Menu -> Service -> Options, the “Server” tab. Press the “Change” button, fill the “Current Password” field in the opened window, and also type the new password twice in corresponding windows below. The window is closed after pressing “Ок” at successful change of the password. If something is done incorrectly (for example, only one kind of symbols, mistake at repeated input of the new password) the terminal will not react and the window will not be closed. The password can be changed only when there is a connection to the server; the option does not work without connection to the network.

Change of investor’s password

The procedure is the same, but radio button should be set in the “Change the investor’s password” position.

Trailing stop

It works only when there is connection to the server. Trailing stop is activated only when the profit exceeded the given value; it will move after the price on the specified distance until the price makes retracement and closes position. The order with activated trailing-stop is marked by the “Т” letter in the left corner of the line in the “Terminal” window.

How to make a copy of line

For example, to draw the channel, it is enough to draw a trend line, double-click on it and drag it, holding the left mouse button and the “Ctrl” key. The received duplicate will be parallel to the basic line (well, almost parallel, there will be curvature on seniors timeframes; it is incurable “disease” of the Metatrader).

Chart picture

In order to save the current chart in form of a picture, you should choose the “Save as picture” item in the menu by the right mouse button, and then to choose required values from the offered ones.

Cancel of object removal

If you have accidentally removed any important line, don’t be upset. You just need to press “Ctrl + Z”, and this line will be restored.

If you have accidentally closed a chart with a full set of options, you can restore it from the menu File -> Open deleted.

Best regards,

BJF Trading group

http://iticsoftware.com

Tags: Uncategorized, forex, forex brokers, forex trading platform, metatrader, metatrader indicators // Add Comment »

MetaTrader 4… It is widely known and unknown at the same time… Let’s consider those functions, which are available at our “work tool”, but which we either rarely use or do not know at all (in truth, few people read built-in help or other manuals).

Market review

Read article: How to Select the Right MT4 Dealing Firm

Right after installation, the Metatrader terminal often does not shows all instruments, accessible for trade, but only some. If you want to see the full list of possibilities, you should click the right mouse button and choose “Show all symbols” in the “Market Review” window.

Here, in the “Market Review” window, we can also change the arrangement of trading instruments in any desirable way. We just grab any currency or futures by the left mouse button and move it in the beginning of the list.

In order to reduce traffic, it would be better to remove unused symbols from the market review (there can be hundreds instruments, accessible for trade, and MetaTrader downloads quotes for each instrument). “Market Review” -> “Hide all symbols”. So only those instruments, on which charts are opened or there are open positions or pending orders, will remain in the review.

By choosing the “Symbols” menu, we can manually add in “Market Review” only those trading instruments, which we are going to use (double-click on the necessary instrument or by clicking on the “Show” button for the chosen instrument or the whole group). By the way, here we can see the time of trade and the expiration date (the date of change of delivery month under the futures). By pressing the “Properties” button, we can also get some additional information: margin rate for opening and maintenance margin rate, spread size for futures with spread, size and value of tick; and for forex instruments – size of spread and swaps rate.

You can remove a symbol manually: just click on it by the left mouse button and to press the “Delete” button (or choose the corresponding item in the contextual menu by the right mouse button).

In order not to keep all used symbols in the market review, you can divide instruments into groups and switch between groups whenever you want (for example, forex, futures, indexes, shares, etc.). You just need to hide all spare symbols and save the set.

Traffic saving: disable news in the terminal (Tools-> Options -> remove the tick in the “Enable News” line)

BJF Trading Group

http://iticsoftware.com

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Metatrader 4 setting file format *.set

Loading metatrader Setting File for Back Testing.

1 Open Metatrader 4
2 Add Metatrader Expert Advisor to the chart
3 Press F6. Tester window will open.
4 Press “Expert properties” and select “Imputs”
5 Press “Load”
6 Select Metatrader Setting file and press “Open”

Loading metatrader Setting File for Trading.

7 Open Metatrader 4
8 Add Metatrader Expert Advisor to the chart
9 Press F7. and select “Imputs”
10 Press “Load”
11 Select Metatrader Setting file and press “Open”

Tags: forex, forex brokers, forex trading platform, metatrader indicators // Add Comment »

Many people have the faith in the market that it has never been static. It always varies and is always random. “A random walk down wall street” is a most high-flying book which tells about the investment also says that points achieved by a fund manager are parallel to throwing the darts on a dart board.

On the other hand, there are many other argue that although prices may come into view to be arbitrary. In fact the patterns followed by them are really in terms of trends. By using fractals many traders can also determine such trends in one of the most basic way. Fractals help us to make the large and complex trends into simple and small and reversal trends by breaking them down.

Many people do not know what actually fractals are and how can they help us in increasing our profit. We will tell you all of these things in this article.

What are Fractals?

A chaos theory and many abstract methods came into mind when many people think the fractals in mathematical sense. While this concept is totally different from it, this concept is totally applied on the market because this concept is a nonlinear and self-motivated system. Many people also have some other different idea about fractals they think it in a more truthful sense and that sense means as chronic patterns. With the help of these chronic patterns we can predict reversal among larger, more disorganized price movements.

pic.1 Metatrader Fractal Indicator

Five more are there which are poised in these basic fractals. There are some rules by using which we can easily identify the fractals. These rules are as follows:

When there is highest high in the middle and two lower highs on each side there is an occurrence of a bearish turning point.

When there is pattern in which the lowest low in the middle and two higher lows in each side it means there is an occurrence of a bullish turning point.

It is very much necessary for the fractal to be valid that the basic patterns should remain unbroken even many other less perfect patterns can occur.

If are not into reversal for two days then fractals can not be drawn and it is the biggest drawback of fractals as fractals are covering indicators. Many more bars are last by most significant reversals, so most of the trends will remain unbroken.

Applying fractals to FOREX trading

In the forms of analysis or in conjunction with other indicator many indicators are used but fractals are the best indicator ever used. An alligator indicator is an indicator which is used with fractals is a most common used indicator. All buy rules are only valid if below the “alligator’s teeth” and all sells rules are only valid if the above alligator’s teeth this is stated according to the standard rules.

But there is a major drawback also to the system and that drawback is large swings which takes the more space. On the other hand, to produce a huge amount of profit we can use infinite techniques with the fractals.

BJF Trading Group

http://iticsoftware.com

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	The Best Advisers Real and demo accounts tested for over 9 month period + historical data tested. 1 Stomper EURGBP 1 498.30 %/ 165 days 2 Forexy GBPUSD 340.93 % / 280 days 3 Europe EURUSD 176.45%/ 157 days 4 Upstream EURJPY 156.25 % / 359 days 5 Chinchilla EURCAD 147.03 % /280 days

Forex Market opened for trading 24 hours a day, but not all the trading hours are equivalent. The various currency pairs have different activity peaks and time - when the market calm.

The market is separated into three trading sessions: the Asian; European; and North American sessions or Tokyo, London and New York sessions. These names are used interchangeably as the three cities represent the major financial centers for each of the regions.

A currency more volatility when its own markets are open. The EURUSD, GBPUSD and GHFUSD have higher volatility on average when the London session is active. This is because various financial institutions and traders are using local currency in most forex market operations.

Forex Fully Automated Trading System

Metatrader Expert Advisor Forexy GBPUSD Independent Monitoring

our expert advisors page >>>

There are two peak activity (raising volatility), it happens when the session overlap. First peak around 7am GMT - The closing hours of the Asian session and open of the European session and second peak (lager) between noon and 4pm GMT - when the North American and European sessions converge.

Regards,

Boris F.

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What do you need comparing:

1. Trading platform.

Forex brokers offer many different trading platforms: Java trading platform, html forex trading platform, MetaTrader 4, Tradestation, SaxoTrader, NinjaTrader, Advanz Auto4X, e-Signal, ProSignal, NeoTicker and etc. In our opinion the best free trading platform –Metatrader 4.

1. Net Capital and Quality Institution

Forex brokers should be registered with the Futures Commission Merchant (FCM) should be a member, National Futures Association (NFA) and regulated by the Commodity Futures Trading Commission (CFTC). This information should be appear on the forex broker website.

You can find information about your broker net capital on www.cftc.gov

For example. Net capital info:

http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf

Forex Firms with Net Capital > 5, 000, 000

FXLQ ($36,000,000)

Interbank ($7,000,000)

FXCM ($51,000,000)

GFT ($48,000,000)

Oanda ($44,000,000)

FX Solutions ($20,000,000)

Gain Capital ($20,000,000)

CMS ($10,000,000)

Forex Firms with Net Capital < 5, 000, 000

One World Capital ($1,105,000)

Velocity4X ($1,587,000)

Direct Forex LLC ($1,523,000)

FiniFX ($1,464,000)

Forex Club ($3,304,000)

GFS Futures & Forex ($3,074,000)

Nations Investments ($1,699,000)

Royal Forex Trading ($1,102,000)

SNC Investments ($1,565,000)

MB Futures ($3,080,000)

Money Garden ($3,399,844)

United Global Markets (Bankrupt)

1. Spreads.

Spreads (in pips) is the difference between the price at which a currency can be purchased (Ask, Buy price ) and the price at which it can be sold (Bid, Sell price) at any time. Lower spreads save you money!

4. Account Types and Leverage Options

Brokers as a rule offer a lot of types of accounts: mini account (minimum deposit approximately 250 USD, Leverage approximately 250:1 ), standard account (minimum deposit approximately 2500 USD, Leverage approximately 100:1) and etc.

The price deviations on Forex Market (the sources of profit) are merely fractions of a cent. Leverage, showed as a ratio between total accessible capital to actual capital ( is the amount a broker will credit you for forex trading.)

Example1.

Leverage 1:250 broker would credit you $250 for every $1 of you deposit.

If you deposit = 1000 USD available for trading: 250000 USD

Example2.

Leverage 1:100 broker would credit you $100 for every $1 of you deposit.

If you deposit = 1000 USD available for trading: 100000 USD

Lower leverage means lower risk!

Regards, Boris F.

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