Forum on trading, automated trading systems and testing trading strategies
How to Start with Metatrader 5
newdigital, 2013.08.04 18:27
If you are totally new to this website and
there are some pages which will help you to start :
MetaTrader 5 Gateways & Connectivity :
ECNs (Electronic Communication Networks) provide liquidity when using
MetaTrader 5. We have developed gateways to the most well-known
providers, and any MetaTrader 5 broker can now make use of their
Our gateways not only give access to liquidity providers but also
provide maximum speed of executing operations. Moreover, these gateways
are fairly simple and secure solutions allowing brokers to quickly
connect to a provider and use its services.
MetaTrader 5 has been developed as a multi-market platform. Nowadays, it can be used not only for arranging Forex trading but also for working on stock exchanges:
Can you change the ratio in which a signal is subscribed to?
angevoyageur, 2014.02.04 13:31
You have only 2 ways to act on the calculated ratio :
newdigital, 2014.02.05 12:37
How to Build and Trade a Trend-Following Strategy (adapted from dailyfx article)
Of the three possible market conditions, trends are probably the most
popular amongst traders; and the reason for that is what we had alluded
to a little earlier.
The future is opaque, and price movements are unpredictable. By simply
recognizing a trend, the trader has noticed a bias that has shown itself
in the marketplace. Maybe there is improving fundamental data for that
economy; or perhaps it’s a central-bank driven move on the back of
‘Yen-tervention’ or another round of QE.
Whatever the reason, a bias exists in the market and that’s visible from
the trajectory on the chart. The alluring part of this is that if that
bias continues, the trader might be able to jump on the trend, and let
the market do the heavy lifting of moving the position into profitable
Another attractive aspect of trading with trends is that the
speculator can look to employ the age-old logic of ‘buy-low, sell-high.’
It’s not enough to simply buy an up-trend, or to sell a down-trend.
Traders are often best served by waiting for the up-trend to pull back
before buying (or waiting for a down-trend to rip higher before
selling), in an effort to enter the position as cheaply as possible.
How to Build a Trend Strategy
Many of the most popular indicators can be helpful when designing a
trend strategy. And to take technical analysis a step further when
designing a trend-trading approach, many traders will look to utilize
multiple time frame analysis in order to get multiple looks at a
When utilizing multiple time frame analysis with a trend-trading
strategy, traders are often going to look to the longer time frame to
find and diagnose the strength of the trend. This can be done in a
multitude of ways. Some traders will prefer to do this without any
indicators at all, using price and price alone.
Other traders will look to one of the more common indicators, the
moving average. There are a lot of different flavors and types of moving
averages, but the goal is all the same – to show us a
‘line-in-the-sand’ as to whether price movements are ‘above-average’ or
‘below-average’ for a given period of time.
After the trend has been diagnosed, the trader can then plot the entry
into the position; and for that, there are a multitude of options
Entering into the Trend
There is an old saying that goes: ‘The Trend is your friend… until it ends.’
This one line pretty much sums up the quandary that traders are faced
with when trading trends. While a bias has been exhibited in the
marketplace, and may continue; there is no such thing as a ‘sure-fire
trend continuation setup.’
So, when the trend doesn’t continue, the trader is often advised to look
to mitigate the loss so that a reversal doesn’t damage their trading
account too badly.
In an effort to be as precise as possible, many traders will move down
to a lower time frame in an effort to get a more detailed look at the
move inside of the larger-term trend.
Traders can also look to use indicators to plot an entry, under the
premise that the longer-term trend may be at the early stages of its
continuation; and can be entered upon with the shorter-term chart.
There are numerous indicator options for this premise. Many traders will
look to oscillators such as RSI or MACD to trigger the position. Other
popular options are MACD, Stochastics, CCI, and the moving average
Traders looking to speculate with the trend want to focus ONLY on signals that move in that direction.
Types of Trend-Trading Strategies
The future is unknown; and nobody has a crystal ball that will magically
foretell tomorrow’s price movements. But the fact of the matter is that
biases do exist, trends do take place (for a reason), and in many cases
those trends may continue.
If traders want a more objective way of trading with trends, they can
look to implement an indicator like RSI to trigger the position after
the trend has been graded on the longer-term chart with Price Action.
Traders looking to use indicator-based strategies can take this a step
further with the logic utilized in my ‘fingertrap’ scalping strategy. In
such the strategy, moving averages are used to grade the trend on a
longer time frame, and a moving average/price action crossover on the
shorter time frame is used to trigger in the direction of the trend.
While this is designed as a scalping strategy, traders can certainly
swap out the time frames to make the logic of the strategy operable on a
How to show Indicators in live chart?
RaptorUK, 2014.02.05 17:16
السلام كيف لى اضيف اكسبرت على الميتاتردر 4 وشكران
How do I add peace Expert on Almitatrdr 4 Shkran
We do not have arabic section of the forum yet sorry. So, you can write in your language and use this tool to translate/post your message in english :
Just for information
newdigital, 2014.02.08 10:28
Understanding Forex Trade Sizes (based on this article)
A micro lot is the term used for a 1,000 unit trade,
which on most major pairs come out to about $0.10 of risk per pip. This
is the smallest trade size available and is a great size for traders
that don’t have much capital to trade. You won’t make a fortune, but you
won’t lose too much either trading micros, that’s why it’s a great
place to cut your teeth in Forex.
A mini lot is the term used for a 10,000 unit trade,
which on most major pairs means we are trading $1 a pip. We recommend having at
least $1,000 deposited into your account for each mini lot you plan to
have open simultaneously. It’s a good trade size for a serious part-time
forex trader that has the capital or a full-time trader wanting to
start with a smaller lot size.
A standard lot is the term used for a 100,000 unit
trade, which on most major pairs means we are trading $10 per pip. Gains/losses could reach
$1000-$2000 or more per standard lot on a fairly common day in the forex
market, so having a larger account size is mandatory to trade them
seriously. Our account should have at least $10,000 per standard lot we
are looking to trade, which normally means you are very serious trader
in the FX market, part-time or full-time.
In the image above, we can see what each trade size
translates to in an actual currency pair, the EUR/USD. Notice the trade
size refers to the first
currency in the currency pair, in this case Euros for the EURUSD pair.
So a micro lot, mini lot, and standard lot means €1,000, €10,000, and
Something Interesting in Financial Video July 2013
newdigital, 2013.07.25 07:29
47. Why Position Sizing is So Important in Trading
So far in the lessons leading up to this one we have covered some of the
different methods traders use to pick their entry points, as well as
some of the different methods which traders use to set their exit
points. In this lesson we are going to look at the factor which ties all
of the above together and allows a trader the greatest control over
their returns: Position Sizing.
While position sizing is one of the Key components of successful
trading, like many of the other things we have covered, it is often
overlooked as an unimportant aspect of trading. What successful traders
know however is that once the psychology of trading is mastered and a
trader has developed a sound strategy for picking their entry and exit
points, it is the method they use to determine the size of the positions
they trade that is the final factor which will lead to their success or
To help illustrate this lets say that three traders are each given
$10,000 and the same EUR/USD Mini Forex strategy to trade which has a
win rate of 60% (makes a profit on 6 out of 10 trades) and makes an
average profit on winning trades over the long term of 100 Points. On
the losing side, this same system has a lose rate of 40% (takes a loss
on 4 out of 10 trades) and takes an average loss on those trades of 90
So here we have a trading strategy that has more winning trades on
average than it does losing trades, as well as a strategy that when it
does lose it loses less than what it does when it wins. I think most
traders including myself would take that system any day of the week.
So we give these traders each this system and tell them to come back to
us after 10 trades and show their results. As the system is the same for
all traders, when they bring us back the trading results of their
systems the entry points and exit points for each trade is going to be
the same, leaving them only the position size as the factor that they
MT4 New Build 600 (how to upgrade to build 600) - suggestion of Christina Li
Securing MQL5 code: Password Protection,
Key Generators, Time-limits, Remote Licenses and Advanced EA License Key
Encryption Techniques :
Most developers need to have their code
secured. This article will present a few different ways to protect MQL5
software. All examples in the article will refer to Expert Advisors but
the same rules can be applied to Scripts and Indicators. The article
starts with simple password protection and follows with key generators,
licensing a given brokers account and time-limit protection. Then it
introduces a remote license server concept. My last article on MQL5-RPC framework described Remote Procedure Calls from MetaTrader 5 to any XML-RPC server.
I will make use of this solution to
provide an example of a remote license. I will also describe how to
enhance this solution with base64 encoding and provide advice for PGP
support to make ultra-secure protection for MQL5 Expert Advisors and
Indicators. I am aware that MetaQuotes Software Corp. is providing some options for licensing the code directly from the MQL5.com Market section.
This is really good for all developers and will not invalidate ideas
presented in this article. Both solutions used together can only make
the protection stronger and more secure against software theft.