How to Start with Metatrader 5 - page 72

Sergey Golubev
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Margin Call: What Happens When A Margin Call Takes Place and How to Avoid (adapted from the article)

To understand the cause of a margin call is the first step. The second and more beneficial step is learning understanding how to stay far away from a potential margin call. The short answer as to understand what causes a margin call is simple, you’ve run out of usable margin.

The second and promised more beneficial step is to understand what depletes your usable margin and stay away from those activities. In risk of oversimplifying the causes, here are the top causes for margin calls which you should avoid like the plague (presented in no specific order):

  • Holding on to a losing trade too long which depletes Usable Margin
  • Overleveraging your account combined with the 1st reason
  • An underfunded account which will force you to over trade with too little usable margin

What Happens When A Margin Call Takes Place?

When a margin call takes place, you are liquidated or closed out of your trades. The purpose is two-fold: you no longer have the money in your account to hold the losing positions and the broker is now on the line for your losses which is equally bad for the broker.

How to Avoid Margin Calls

Leverage is often and fittingly referred to as a double-edged sword. The purpose of that statement is that the larger leverage you use to hold a trade greater than some large multiple of your account, the less usable margin you have to absorb any losses. The sword only cuts deeper if an over-leveraged trade goes against you as the gains can quickly deplete your account and when your usable margin % hits, zero, you will receive a margin call. This only gives further credence to the reason of using protective stops while cutting your losses as short as possible.

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Internet Browser Requirements

Alexey, 2013.01.17 10:51

Internet Explorer 8 or higher is required for the Market to work in MetaTrader terminal

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MT4 asked for proxy server during installation

Stuart Browne, 2015.10.25 11:03

Please use the search function, has been bought up many times before: UBuntu : Proxy

 


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How to Start with Metatrader 5

Sergey Golubev, 2016.06.23 12:19

Good article for someone with Mac :

MetaTrader 4 on Mac OS


  • "Apple products have become very popular. MetaQuotes Software Corp. attentively follows the progress of the IT industry and has already released the special mobile applications for iOS-based devices - MetaTrader 4 for iPhone and MetaTrader 5 for iPhone."
  • "There are many topics on the MQL4.community forum, where people are seeking a solution for running MetaTrader 4 under the Mac OS operating system. In this article, you will find out how to work in MetaTrader 4 via the Apple's popular operating system."

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New MetaTrader 5 Platform Build 1755

MetaQuotes Software Corp., 2018.01.18 11:08

We recommend anyone who has long been using 32-bit Wine for MetaTrader 5 due to the past incompatibility with the 64-bit terminal to upgrade Wine to the latest 64-bit version and re-install MetaTrader 5 in 64 bits.

Besides, make sure to set the Wine compatibility mode to at least Windows 7 instead of the default Windows XP. No more updates for Windows XP/2003/Vista will be released.

We are also halting the development of the 32-bit versions of the MetaTrader 5 terminals. The updates for 32-bit MetaTrader 5 are to be completely stopped soon.

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Error when installing Metatrader 4 or 5 in Mac HELP PLEASE!

Marco vd Heijden, 2018.03.24 08:39

Your wine is still in windows XP mode.

You need to go into settings and set it to windows 7 or higher.

proxy server is asked during installation of Metatrader on Mac - read this small thread

Good news now on this MQ announcement  - https://www.mql5.com/en/forum/313653 - 

Terminal: Added support for "Market", "Signals" and "Search" in Wine. Linux and Mac OS users can now access the largest store of trading applications and the copy trading service.

PS. from 11th of June 2019 - New MetaTrader 5 platform build 2085: Integration with Python and Strategy Tester improvements

Added support for "Market", "Signals" and "Search" in Wine. Linux and Mac OS users can now access the largest store of trading applications along with the copy trading service.


PS. from 04th of September 2019.
The other good news, and for now - about Metatrader 4 build 1210 (and higher) -

Added support for "Market", "Signals" and "Search" in Wine. Linux and Mac OS users can now access the largest store of trading applications along with the copy trading service.

MetaTrader 5 platform beta build 2055: Integration with Python, C++ like scope and Strategy Tester improvements
MetaTrader 5 platform beta build 2055: Integration with Python, C++ like scope and Strategy Tester improvements
  • 2019.05.16
  • www.mql5.com
The beta version of the updated MetaTrader 5 platform will be released on Friday, May 17, 2019...
Sergey Golubev
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Sergey Golubev  

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Something Interesting

Sergey Golubev, 2016.01.13 08:21

Some members are asking the indicators/template to evaluate the market condition (they see that I am making some posts related to the technical analysis, and they are asking about indicators/template to do the same). So, please find the link to the post related to this subject:

  • Market condition setups (indicators and template) are here

------

And some more:

Market condition

  • the theory with examples (primary trend, secondary trend) - read staring from this post till this one
  • Summary about market condition theory is on this post 
  • Practical examples about every market condition case by indicators: starting from this page till this one
     
  • trendstrength_v2 indicator is here,
     
  • AbsoluteStrength indicator new version is here


================================ 

3 Stoch MaFibo trading system for M5 and M1 timeframe 


PriceChannel ColorPar Ichi system.

 

================================ 

MaksiGen trading system 

================================ 

 Merrill's patterns are on this page.




================================

Divergence - how to use, explanation and where to read about.

  

================================

Scalp_net trading system
  • template/indicators and how to use are on this comment.

  • scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
     
  • possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
     

================================  

MTF systems 

more to follow ...

================================

MA Channel Stochastic system is here.

================================

Ichimoku


Sergey Golubev
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Sergey Golubev  

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Share your experience about trading on DGCX and PMEX!

MetaQuotes Software Corp., 2016.07.06 12:48

Share your experience about trading on DGCX and PMEX!

We have recently published an article Creating a trading robot for Moscow Exchange. Where to start? about features of the trading on Russian exchange. But every big exchange has its own peculiarities. Therefore, we offer  traders, who work in Dubai and Pakistan, to tell about their experiences with MetaTrader5 capabilities on two new markets:

We offer traders, who work on DGCX and PMEX, to write an article about trading on these markets. Tell other member of our community, who want to try their hand at auto trading (раздельно), about following:

  • principles of trading on DGCX and PMEX;
  • the  instruments and symbols traded on these markets;
  • “pitfalls” of trading on Middle-East markets;
  • regional features and characteristics;
  •  the types of orders used here and their execution;
  • make sure to attach examples of trading robots with code, developed specifically for DGCX and PMEX.

Your article will be read by thousands of traders around the world and, of course, will be paid.

Share your experience and help other traders to take their first steps on the new markets!


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Sergey Golubev  

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Press review

Sergey Golubev, 2016.07.07 19:35

Trading platform market share war hots up as MetaTrader 5 goes viral in Asia

Indeed, in Western markets, exchange traded derivatives are often reserved for the highly capitalized global electronic market places of Chicago, however in regions with emerging exchanges, MetaTrader 5 appears to be in favor at the moment.


Sergey Golubev
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Sergey Golubev  

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Windows 10 upgrade : what you should know !

Alain Verleyen, 2015.08.10 23:26

Hello All,

I am opening this topic to centralize all information about migrating to Windows 10. No much for now, but important points to be aware anyway.

Stay tuned...

P.S : Of course, only information related to MT4/MT5 will be reported here.

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Indicators has stop working after yesterdays (11/8/2016) windows 10 update Please HELP!

Daniel Stein, 2016.08.12 10:55

 Please follow these three steps:

- At first you have to delete the "old/invalid" market products in the Navigator of your terminal

- Second you restart your terminal 

- Now you are able to reinstall your products with a newly generated license

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Indicators has stop working after yesterdays (11/8/2016) windows 10 update Please HELP!

Karputov Vladimir, 2016.08.12 11:01

Try to remove all folders "Market": menu "File" -> "Open Data Folder". Close the terminal. Then find the folder MQL5\Experts\Market - and remove the "Market" folder; find the folder MQL5\Indicators\Market - and remove the "Market" folder.
Start the terminal.

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Indicators has stop working after yesterdays (11/8/2016) windows 10 update Please HELP!

Pieterse, 2016.08.12 11:56

Thanks Sergey Golubev the link you have send me helped I appreciate your guys help


James Cater:


To re-install please follow these steps

1) Tools/Options/Community - Re-log into your community account with your password
2) Open Navigator (Ctrl N) and find Market/XXXX
3) Right click and Delete "Market/XXXX"
4) Open Terminal (Ctrl-T) and navigate to the Purchased Tab
5) You should find your products and an "Install" button for the ones you have just deleted
6) Click the "Install" button.
7) You will then be prompted for your community account password again to use up another one of your 5 activations. (this will not deduct any funds from your account)

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MT4 Terminal won't open

trevorrees, 2016.08.14 01:57

I had a problem where it would crash before starting up. Reinstalling didnt work nor did resetting the pc. However [in win 10] all you need to do is right click the program and run as administrator and it seems to have bandaided the situation and works fine after that. I found that going into the properties of the shortcut then compadability settings and down the bottom was an option to always run as administrator. havent had another problem yet.

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Attention: Windows 10 Creators Update to make saved MetaTrader passwords invalid

MetaQuotes Software Corp., 2017.04.10 14:11

Attention: Windows 10 Creators Update to make saved MetaTrader passwords invalid

On the 11th of April, Microsoft will release the Windows 10 Creators Update, after which the Windows version will be completely updated. In fact, this update is similar to installing a new operating system, because it will change configurations and encryption keys. The MetaTrader platform uses data binding to an operating system and hardware, in order to protect traders' data. This binding means that even if the platform files are stolen, thieves will not be able to connect to the trader's account or use products purchased from the Market.

Unfortunately, after the operating system change caused by the installation of the Windows 10 Creators Update, all the trading account passwords stored on your computer will become invalid. We highly recommend that you prepare for the new Windows release and save your passwords in a safe place, in order to be able to connect to your accounts after the update.

In addition, due to the change of encryption keys, one activation of applications purchased from the Market will be lost, because all products are bound to an operating system. We will automatically add one activation for each purchased product, regardless of the operating system, similar to the activations that we added after the Windows 10 update from version 1511 to 1607. It means that you will not lose your product activations after the release of the Windows 10 Creators Update.

Activations of demo products will also be lost, you will need to re-download such applications from the Market.

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Windows 10 October 2018 Update (version 1809) causes saved MetaTrader passwords to become invalid

MetaQuotes Software Corp., 2018.10.05 11:36

On October 02, Microsoft officially released a major update of their operating system, Windows 10 October 2018 Update (version 1809). This update affects configurations and encryption keys similar to the installation of a new Windows operating system.

In order to protect traders' information, the MetaTrader platform binds all data to the operating system and hardware of the computer, on which it is installed. This protection method ensures that even if platform files are stolen, hackers will not be able to connect to traders' accounts or use products purchased from the Market.

Unfortunately, after the installation of Windows 10 October 2018 Update (version 1809), all trading account passwords stored on your computer will become invalid. We highly recommend that you prepare for this release and save your passwords in a safe place, in order to be able to connect to your accounts after the update.

Also, due to the change of encryption keys, applications purchased from the Market will lose one activation, because all products are bound to the operating system. We have provided an additional activation for all products purchased from the Market regardless of the operating system, just like we provided activations after the previous release of Windows 10 April 2018 Update. Thus, MetaTrader Market users will not lose product activations after the installation of Windows 10 October 2018 Update (version 1809).

Activations of demo products will also be lost, so you will need to re-download such applications from the Market.



Sergey Golubev
Moderator
116018
Sergey Golubev  

ElliottWaveMaker 3.0 - expert for MetaTrader 5

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Expert Advisors: ElliottWaveMaker 3.0

Sergey Golubev, 2013.09.04 14:53

This is very simplified description about : Elliott Wave

======

Elliott Wave theory states that prices move in waves. These waves occur in a repeating pattern of a (1) move up, (2) then a partial retracement down, (3) another move up, (4) a retracement, (5) then finally a last move up. Then, there is a (A) full retracement, followed by a (B) partial retracement upward, then (C) a full move downward. This repeats on a macro and micro time frame. A visual illustration of the basic pattern of the Elliott Wave is given below. A real life example of Elliott Wave in action is given further down:


Elliott Wave is based on crowd psychology of booms and busts, rallies and retracements. Traders often use fibonacci numbers (see: Fibonacci) to anticipate where a retracement is likely to end and thus the place where they should place their trade. The chart below illustrates the Elliott Wave pattern applied to crowd psychology (i.e. S&P 500) and Fibonacci Retracements:


Trading the Elliott Wave

In the example above of the S&P 500 ETF, if the Elliott Wave theorist recognizes that he/she just completed a the leg from (2) to (3) and the market is beginning to retrace, the trader might put a buy order at the 38% Fibonacci retracement. In the example above, that trade would have failed and the trader would have been stopped out of their long position. The trader then might consider putting an order in at the 50% retracement. In the example above, that would have been an extremely profitable trade, making up for the previous loss and more.

Next, realizing that the latest trend was the (4) to (5) upmove, the Elliot Wave theorist would next expect a downward move to (A). This retracement is larger than the previous (1) to (2) retracement and (3) to (4) retracement. A reasonable guess as to where the retracement (5) to (A) will end is the 0.618, the golden fibonacci ratio.

Selecting the 61% retracement would have proved profitable for a little while, assuming the trader didn't have extremely tight stop losses in place, but the retracement turned out to be a head fake. Subsequently, the next often used Fibonacci retracement is 100%. This trade would have been very profitable, given the S&P 500 retraced almost perfectly at 100% of the move from (4) to (5).

A likely profit target to exit at least part of the trade initiated at point (A) is the 38% Fibonacci level. This also happened to be the turning point for the next leg down from (B) to (C).


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Sergey Golubev  

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How to Start with Metatrader 5

Sergey Golubev, 2014.11.07 14:46

Why Virtual Hosting On The MetaTrader 4 And MetaTrader 5 Is Better Than Usual VPS

Renting a virtual server right from the MetaTrader 4 and MetaTrader 5 terminals is the optimal way to ensure uninterrupted work of your trading robots and Signal subscriptions. Essentially, it is an analogue of a VPS though it is better and more suitable for addressing needs and challenges that a trader comes across. The server can be rented straight from your MetaTrader. It takes only a couple mouse clicks for Experts Advisors, indicators, scripts together with Signal subscriptions and settings to be transferred to the virtual server. The Virtual Hosting Cloud network was developed specially for MetaTrader and has all the advantages of a native solution.

Certainly, there are alternatives to virtual hosting but a closer look reveals that they do not compete. The first thing that comes to mind is using a home computer as a budget option. It could work, however a stable internet connection and uninterrupted power supply are not guaranteed. A VPS can be rented from a suitable provider found on the internet. That could be feasible but it implies a manual search for a server having minimum latency with the required Forex-broker's. Such a puzzle does not suit everyone.

Sergey Golubev
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Sergey Golubev  

Just some important information and the changes related to Virtual Hosting

1. Why Virtual Hosting On The MetaTrader 4 And MetaTrader 5 Is Better Than Usual VPS

2. How to Prepare a Trading Account for Migration to Virtual Hosting

3. 64-bit Metatrader only to use Virtual Hosting:

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Mt5 VPS

Slawa, 2016.06.28 16:25

It must be 64-bit client terminal to use virtual hosting

2016.06.28 17:25:02.177 Terminal        MetaTrader 5 x64 build 1347 started (MetaQuotes Software Corp.)

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Trailing stop on virtual server

Slawa, 2016.06.28 16:59

No. Trailing stops are not supported by virtual hosting terminal

You can move your stop levels with EA only

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MQL5.com VPS hosting

Slawa, 2016.06.28 16:36

You can run multiple EAs on one virtual hosting server right now. Without additional pay.

Why do You want pay more money? There are no plans to multiply payments for virtual hosting


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Meta 4 Robot help

Sergey Golubev, 2018.04.05 18:18

MQL5 VPS is for Metatrader 4 and Metatrader 5 - Forex VPS for MetaTrader 4/5 
So, you can check only the following: your EA (robot) is using dll, or not (because dll is not supported by MQL5 VPS).

...

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Is 'Allow DLL import' and 'Allow modification of signal setting ' in MQL4 Indicators dangerous?

Sergey Golubev, 2017.09.09 06:05

Rules of Using the Virtual Hosting Service MetaTrader (Forex VPS)

No DLLs are allowed on a Virtual terminal. There is no physical capacity to use DLLs there.

If a program launched on a Virtual terminal tries to call a function from any DLL, this EX4/EX5 program is immediately stopped due to a critical error. Any DLL calls are forbidden.

Subscribing to the signal, and want to know - how can i close a trade after the signal has open from my account without open again:

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hello .. i need help .. i need to know

Eleni Anna Branou, 2018.08.07 16:30

Unsubscribe or unsynchronize with the signal (untick the: enable real time signal subscription, in signal settings and synchronize with VPS) and close the trade.

If you don't use a VPS, just untick the: enable real time signal subscription, in signal settings and close the trade.