MetaTrader Global » forex trading strategies

Hotspot May 2010 Forex volume over $1 Trillion…

MetaTrader Global — Mon, 12 Jul 2010 15:31:51 +0000

I know it’s a bit late yet this hasn’t been published yet so what the hell.

Hotspot recently released their trading volume figures and the numbers are simply astounding. During May 2010 Hotspot transacted over $1 Trillion total volume… May 6th was the most volatile with almost $90 billion traded in a single day.

From January 2009 to May 2010, Hotspot’s volume has risen over +350%.

All in all it seems that Hotspot at this point is the single largest forex trading venue in the world, however watching the chart below you can see that while EBS and Reuters lag behind CME is picking up pace. CME’s growth in May was much higher than Hotspot’s though I’m not sure how this even compares as CME’s business is mostly FX contracts and futures.

Source: http://forexmagnates.com/hotspot-may-2010-forex-volume-over-1-trillion/

Reasons To Consider MetaTrader Expert Advisors

MetaTrader Global — Thu, 12 Nov 2009 16:46:09 +0000

The Foreign Exchange (or Forex) trading uses currency markets from a variety of countries to create a trading market where billions and billions are traded and exchanged daily. If you aim to profit from Forex trading, then you would need to own every single pip that you can get. But this is easier said than done, specially if you are new to the Forex market. 90% of traders lose their money on the Forex market because they let the rest 10% of traders to earn this money. It occurs because traders-beginners, keen by passion, rush to trade without having a Forex trading strategy. Even if they have a Forex trading strategy this strategy is usually not tested and also there is a human factor. That is why it is necessary to use MetaTrader Expert Advisors.

MetaTrader Expert Advisors or MetaTrader EAs are mechanical trading systems which completely automate the trading process on the Forex market by using unique Forex trading strategies. These trading robots trade under the control of the MetaTrader 4 trading platform. The robots operate 24 hours, non-stop. Because of this, you never miss an opportunity to get the trades.

MetaTrader EAs are very easy to acquire and use. As soon as you purchase one, all you need to do is download it, install it into MetaTrader 4, set your preferences and run the program. The important thing to note is that you will need to have an account with a forex broker that supports MetaTrader 4. The MetaTrader 4 platform has the built-in MetaTrader Expert Advisorsbased on the technical analysis, such as MetaTrader indicator. There are hundreds of forex brokers who use MetaTrader around the globe, and a couple of them should fit your trading requirements perfectly.

MetaTrader 4 – The World’s Most Common Trading Software

MetaTrader Global — Wed, 21 Oct 2009 21:34:00 +0000

Off-exchange retail foreign currency (or forex) trading uses currency from a variety of countries to create a one of the most popular trading markets. We believe that traders-beginners, keen by passion, rush to trade without having a Forex trading strategy.

MetaTrader Expert Advisors or a MetaTrader EA is a mechanical trading system which automates the trading process on the Forex market. An Expert Advisor uses only the forex trading strategies applied by its author and can only be as unique as the author’s programming vision by using unique Forex trading strategies. These trading robots trade under the control of trading platform Metatrader 4. The robots operate during the forex trading hours, the forex market is open 24 hours 5 ½ days a week and because of this, you limit the chances of missing trades. Note that during technological crisis or issue, orders may not be filled as placed. Trading on a particular electronic trading system may differ from trading on other electronic trading systems, or other market systems. If you undertake transactions on an electronic trading system, you will be exposed to risk associated with the system, including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

MetaTrader EAs are very easy to acquire and use. As soon as you purchase an expert advisor, all you need to do is download it, install it into MetaTrader, set your preferences and run the program. The important thing to note is that you will need to have an account with a Forex broker that supports MetaTrader. The MetaTrader platform has the built-in MetaTrader Expert Advisors based on the technical analysis, such as MetaTrader indicator. There are at least a few dozen forex brokers who use MetaTrader, and a couple of them should fit your trading requirements perfectly.

Visit our Global Sites page to find your closest broker.

The robots operate during the forex trading hours, the forex market is open 24 hours 5 ½ days a week and ~~24 hours, non-stop and~~ because of this, you limit the chances of missing trades. ~~never miss an opportunity to get the big trades~~.Note that during technological crisis or issue, orders may not be filled as placed. Trading on a particular electronic trading system may differ from trading on other electronic trading systems, or other market systems. If you undertake transactions on an electronic trading system, you will be exposed to risk associated with the system, including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

Expert Advisor Resources

MetaTrader Global — Mon, 07 Sep 2009 04:28:27 +0000

There are a vast number of people who are looking for a good genuine forex expert advisor (trading robot).
In my knowledge, nothing has made a more profound innovation for an individual trader who likes trading from home, more than Meta Trader Expert Advisors.

MetaTrader expert advisors are automated programs that will place trades on a traders’ behalf using a complex preset algorithm and trading strategies.

The market is being flooded with these programs with different trading systems applied to them from the different originators.
Some boast of good results, but do read of their disclaimers should anyone lose while using their forex trading software program.

Having a good expert advisor for trading is a help you might not want to pass up. They’re designed to simplify the whole trading experience and make it easier for you to make money trading but like all trading there are losing trades as well.

It can actually put your trading on ‘autopilot’ and make trades while you’re in bed asleep.
Please remember During Technological crisis, orders may not be filled as placed. Trading on a particular electronic trading system may differ from trading on other electronic trading systems, or other market systems. If you undertake transactions on an electronic trading system, you will be exposed to risk associated with the system, including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

In the last several years, with more advanced computers that are available nowadays, MetaTrader Expert Advisor (known as Forex EA) programs have given the ordinary person more capability to trade Forex like a professional.

However there’s the problem…

See, trading is not simple. We believe you need to learn the basics of forex trading and then you need to have knowledge how to perform your forex trading strategies without miscalculations and, sometimes without emotion. We believe that’s difficult to do for the majority of people. Emotional trading is riddled with mistakes following with frustration and loss of money.

Trading as a human means we’re subject to human shortcomings. Like the inability to watch 12 indicators at once. Or monitor fibs, pivots, or support and resistance levels and then make a decision to trade, all within about half a second.

Having an automated forex trading strategy executed by an Expert Advisor program is the solution for this. An EA is basically a robot program with a trading strategy. It does not deviate from the written strategy (like people do).
It consistently and unemotionally follows the strategy.

You may possibly build your own Forex trading strategy but it’s not really necessary with so many well programmed trading systems on the market.

Each Forex trading system should have a special setup, entry point, exit point in the forex market and each software program accomplishes these steps mechanically.

The rules of these systems determine when a stop-loss and profit target level for each trade. Automating these rules is the single most benefit to using a MetaTrader Expert Advisor .

MetaTrader (MT4) Forex Trading Strategies

MetaTrader Global — Mon, 31 Aug 2009 11:18:42 +0000

We believe the MetaTrader 4 (MT4) forex trading platform is one of the best and most comprehensive trading and charting platforms available today. Many forex brokers use the MetaTrader 4 platform for their trading platform. There are many MT4 expert advisors (EAs) and trading indicators that easily plug into the MetaTrader charts and that makes it much easier for traders to find and use strategies specifically designed for it. You simply copy the expert advisors and/or trading indicator files into the appropriate directories and restart your MetaTrader 4 charts and that’s it. Then you click the menus in the MT4 charts, pick your EAs or indicators and they will automatically function in your charts. Another great thing about these EAs, is they work around the clock, 24 hours a day, 5 days a week and you don’t need to look for trading setups. That’s the job of these “robots”. When they see a setup, they automatically open and close your trades for you. You will need to have a dedicated computer you can leave on during the week so these programs can execute trades for you. If you shut your computer off at night, you WILL miss trades. Please remember that during Technological crisis, orders may not be filled as placed. Trading on a particular electronic trading system may differ from trading on other electronic trading systems, or other market systems. If you undertake transactions on an electronic trading system, you will be exposed to risk associated with the system, including the failure of hardware and software. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all.

There are thousands of free expert advisors (EAs) and trading indicators to choose from and they’re all over the internet and forex trading forums. The downside with many of the free MT4 EAs and Idicators is that there’s a lack of documentation and learning to use them can be time consuming and difficult. But if you don’t mind playing with different settings and have the time to learn them, they can be a great way to make some very profitable trades.

There are also some great ebooks out there that supply their own expert advisors (EAs) and trading indicators that include all the documentation and examples to successfully use the trading strategy for maximum profits.