MetaTrader Global » forex trading

FXDD Now Offers MetaTrader 5

MetaTrader Global — Wed, 28 Jul 2010 08:51:35 +0000

New York, NY (PRWEB) July 22, 2010

FXDD, a leading online Forex broker, is now offering the Metatrader 5 software trading platform for practice (demo) accounts. To sign-up for an FXDD Metatrader 5 practice account, please visit http://www.fxdd.com/metatrader5

Metatrader 5 is the latest version of the Forex trading platform produced by MetaQuotes Software Corp and includes enhancements such as:

Increased performance and reliability.
New MQL5 programming language for automated trading which, according to MetaQuotes, expands the options available to algorithmic traders and significantly increases the speed of signal processing.
More types of entry orders.
Displays entire market exposure in a combined view.

We are very excited to offer Metatrader 5,” says Tom O’Reilly, Senior Vice-President of FXDD “Going back to Metatrader 3, we have found that the Metatrader platform enjoys worldwide acceptance as the platform of choice among Forex traders. FXDD has established a record of stability and reliability with our Metatrader. Unlike many other firms, we don’t use third party software to connect Metatrader to interbank liquidity. As a result, I believe we have had better performance with fewer interruptions. We look forward to building upon the success of our Metatrader 4 platform with the launching of Metatrader 5”

FXDD Metatrader 5 version is available now for practice (demo) trading and will be available for live trading shortly.

About FXDD

FXDD, a registered Foreign Exchange Dealer and member of the National Futures Association, headquartered in New York City, is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: Metatrader, FXDDTrader, PowerTrader and FXDDAuto. The Company’s services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD also provides 100:1 leverage as well as competitive bid-to-ask spreads (2-3-wide on most majors).

For a free demo, please visit www.fxdd.com, or call toll-free in the U.S. at 1.866.FOR.FXDD.

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/

MetaTrader Tips – Stop Orders

MetaTrader Global — Mon, 17 May 2010 02:07:31 +0000

How do stop orders work in MetaTrader?

Buy stop, Sell stop and Stop loss orders do NOT guarantee an order will be filled at a certain price. Your specified price is known as the stop price. Once the stop price is met or exceeded, the order becomes a market order. Market orders instruct the broker to fill the order at the next available market price.

The execution price of a buy stop, sell stop or stop loss can vary from the stop price. This occurs most commonly during significant market moves or gaps. Often these price gaps are the result of economic news releases such as the US non-farm payroll report, and may also occur over a weekend when trading is closed. Keep in mind that in a volatile market substantial losses may occur and orders may not be filled as placed.

Source: IBFX

Retail forex trading grows by 16% in 2009, Hedge Fund volumes decline

MetaTrader Global — Tue, 04 May 2010 23:05:22 +0000

Global currency trading volume declined 6 percent to just under $100 trillion last year, after setting records in 2007 and 2008, as hedge funds placed fewer trades than in previous years, Greenwich Associates said.

Trading by fund managers fell 23 percent in 2009, leading the declines among the 1,497 corporate and institutional customers surveyed by Greenwich Associates in North America, Europe and Asia, according to the Stamford, Connecticut-based financial-market research company. The drop was partially offset by trading at retail platforms, which grew 16 percent, and by corporations, which rose 10 percent.

“Hedge funds have been a major driver of FX growth for the last several years and when their volume slows down, and it did a lot, the market as a whole feels it,” said Peter D’Amario, a Greenwich Associates consultant in Stamford. “You haven’t seen the opportunities that are generating a need to trade. Reduced volatility has reduced opportunity.”

Foreign-exchange trading volumes dropped as market stability returned in 2009, following the unprecedented volatility of 2008, as financial system turmoil spurred an increase in activity among companies and large financial institutions.

Foreign-exchange volatility, a measure of risk implied by option prices, reached a 19-month low in April, a JP Morgan Chase & Co. index showed, after trading the highest level since at least 1992 in 2008. Options traders expected on April 15 that currencies of the Group of Seven industrialized nations would fluctuate by an annualized 10.47 percent in three months, the lowest since September 2008. It reached as high as 26.55 percent on Oct. 24, 2008.

Source: Bloomberg by Ben Levisohn

MetaTrader 5 – Guide to Using Technical Indicators in Expert Advisors

MetaTrader Global — Mon, 03 May 2010 22:37:33 +0000

MQL5 for Newbies: Guide to Using Technical Indicators in Expert Advisors

Introduction

An Expert Advisor or indicator that doesn’t use standard technical indicators in its code is rare. They are popular both for the beginners and advanced developers of trading strategies. It isn’t difficult to understand the details of indicator creation; the aim of this article is to help with it. We will consider the use of the functions for working with built-in standard technical indicators.

Fundamentals of Using Functions of Standard Technical Indicators

When being called, each function of a technical indicator creates a handle of the object created (indicator’s instance) with specified input parameters. The purpose of the handle is to assign it with this object. It’s quite sufficient to get the data from the indicator buffer and use it in your own calculations.

Read full article at http://www.mql5.com/en/articles/31

MetaTrader 5 – How to call indicators in MQL5

MetaTrader Global — Thu, 29 Apr 2010 02:41:06 +0000

In MQL5 there are several ways to call indicators, and they are mostly carried out using IndicatorCreate() and iCustom() functions. Moreover, these functions only return indicator handle, and further work on indicators is done through it. So what is a handle? How to deal with IndicatorCreate() and iCustom() functions? And how your expert will get indicator data? All these questions are covered in this article.

Creating a source file

To begin with our expert, let’s create it’s source file. We’ll do this pretty much as in the MetaEditor4 by calling the MQL5 Wizard from File -> New menu. On the first step select the Expert Advisor and press Next.

Read full article at http://www.mql5.com/en/articles/43

MetaTrader Tips – How are pip values calculated?

MetaTrader Global — Tue, 27 Apr 2010 10:15:24 +0000

A pip is the smallest increment in any currency pair. In EUR/USD, a movement from 1.0066 to 1.0067 is one pip, so a pip is .0001. In USD/JPY, a movement from 120.45 to 120.46 is one pip, so a pip is .01. How much in dollars is this movement worth, for example, per 100,000 Euros in EUR/USD? How much is one pip worth per 100,000 Dollars in USD/JPY? We will refer to the size, in this case 100,000 units of the base currency, as the ‘Notional Amount’. The formula for calculating a pip value is therefore: (one pip, with proper decimal placement/currency exchange rate) x (Notional Amount).

Using USD/JPY as an example, this yields: (.01/120.46) x USD $100,000 = $8.30 per pip.

Using EUR/USD as an example, we have: (.0001/1.0066) x EUR 100,000 = EUR 9.93. But we want the pip value in USD, so we then must multiply EUR 9.93 x (EUR/USD exchange rate): EUR 9.93 x 1.0066 = $10.00 per pip.

This is in fact a phenomenon you will see with any currency in which the quote currency is USD (such as EUR/USD, GBP/USD, or AUD/USD): the pip value is always USD $10.00 per 100,000 currency units. If the pair name ends with something other than USD the pip value per 100,000 currency units will be slightly more or less than USD $10.00.

*The leveraged nature of FX trading means that any market movement will have an equally proportionate effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses.

Interbank FX March Promotions

MetaTrader Global — Tue, 09 Mar 2010 03:59:55 +0000

IBFX is running two promotions for the month of March 2010. The promotions include a $50 deposit for a new account and 10% deposit match. For the $50 bonus promotion, there first must be a $250 deposit made by the client before the $50 bonus will be deposited. For the 10% promotion, there is a minimum deposit amount of $2,000.

Below is an overview of each promotion:

10% Deposit Match

This promotion is available to all existing and new clients
Minimum Deposit amount = $2,000
Client must have an open live trading account – click here to open a live trading account online
Clients must register their trading account with this link: http://www.ibfx.com/Promo/10Percent.aspx?promo=ia
Other terms & conditions apply
Promotion ends March 31, 2010

$50 Incentive Offer

To qualify, customers must have their live account created, approved and deposit a minimum of $250 between Monday, March 1, 2010 and Sunday, March 31, 2010
Only available to new clients (clients who have never had a live account at IBFX)
Click here to open new a live trading account online
Other terms & conditions apply. For more details and to register after opening a new account go to http://www.ibfx.com/Promo/10Percent.aspx?promo=ia
Promotion ends March 28, 2010

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MetaTrader Tips – Understanding MetaTrader Charts

MetaTrader Global — Mon, 08 Feb 2010 06:24:07 +0000

The current price shown on an MT4 chart is the bid price. When looking at a price bar or candle, you must add the spread to the high bid price to know what the high ask price would have been, or add the spread to the low bid price to know what the low ask would have been.

If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop loss if you are taken out of the trade. For example with a stop loss of 1.4580 on the EURUSD once the chart reached 1.4578 (2 pip spread) you would be taken out of the trade at 1.4580. Your take profit would not trigger until the ask price hits. For example with a take profit of 1.4540 on the EURUSD once the chart reached 1.4538 (2 pip spread) you would be taken out of the trade at 1.4540. These examples are based on our spread shown under normal market conditions. Our spreads are not fixed and will fluctuate with news or other high / low volume conditions.

If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.

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Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.

MetaTrader Tips – Trade Context is Busy Message

MetaTrader Global — Mon, 08 Feb 2010 06:15:40 +0000

You receive the “Trade context is busy” message when you try to process two or more orders at the same time. If you have placed a trade and do not wait until it processes completely and then try to place the same trade or a different trade, the commands go into a loop and you get “Trade context is busy”. The only solution is to close down the platform and restart it.

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Open a Live IBFX MetaTrader Account

Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.

The BID and the ASK Explained

MetaTrader Global — Mon, 08 Feb 2010 06:11:00 +0000

All Forex quotes have two parts, the BID and the ASK.

The Bid is the price at which you (as the trader) will open a sell. The Ask is the price at which you will open a buy. The difference between the bid and the ask price is known as the spread.

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Open a Live IBFX MetaTrader Account

Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.

Interbank FX Margin Calls Explained: What Sets IBFX Apart

MetaTrader Global — Mon, 08 Feb 2010 06:05:13 +0000

IBFX Forex margin calls are significantly different than margin calls in other markets. We do not call our clients to warn them their equity has fallen to dangerously low levels. The leveraged nature of Forex trading does not allow time for a traditional margin call.

Accounts trading with 100:1 margin levels are subject to a margin call when the equity in the account is equal to or lower than 50% of the margin posted. Once this unfortunate situation occurs the Interbank FX trader 4 platform closes trades automatically. Trades are closed in order beginning with the largest loss trades are closed until the equity in the account exceeds the 50% threshold.

IBFX ‘s margin call policy is in place for the protection of our clients. Margin calls are made with the intent of preventing a client’s account from falling into a negative balance situation. Our margin call policy does not eliminate the potential risk that losses will exceed the amount of the deposit. Margin calls are merely our attempt to prevent such unfortunate situations.

The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses.

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Open a Live IBFX Account

Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.

Interbank FX Crowned Best Foreign Exchange Broker by Shares Magazine

MetaTrader Global — Mon, 25 Jan 2010 06:34:28 +0000

Press Release

For the third year running, Interbank FX (IBFX), a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading, has been crowned Best Foreign Exchange Broker at the 2009 Shares Awards. This recognition marks the second global award recognition in one week for Interbank FX and serves as a culminating event for the company.

The award was accepted by Interbank FX Chairman and President Todd Crosland at a gala dinner event at the Grosvenor House Hotel in London on Tuesday, November 17. Additional nominees for this award included GFT, FXCM, Alpari, DBfx, FX Pro and ODL.

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“On behalf of the entire Interbank FX team, we are sincerely grateful to be recognized by the Shares community in this capacity,” said Crosland. “This award is a strong testament of our continued effort to ensure Interbank FX is a global leader in Forex trading.”

The annual Shares Awards is now established as a top event and followed closely by financial firms around the globe. Winning an award is particularly valued because they are determined entirely by voting readers of Shares magazine—one of the fastest growing financial titles in the UK. The awards have been designed to find the very best providers across a range of categories including stock broking, derivatives trading, online research, software and fund management.

“I was indeed pleased to see Interbank FX receive the award for Best FX Broker of 2009 at the Shares Awards ceremony,” said Richard Collins, Director of Shares magazine. “Our loyal readers determine who receives the awards, and Interbank FX has clearly earned their votes by providing its customers with the very best levels of service and support- proven by receiving this recognition three years running.”

Throughout 2009, Interbank FX has been recognized by an array of global financial media including:

• Best Trading Platform 2009- ME Forex Awards

• Trader’s Choice Award 2009- FOREXDS

• Best Mobile Forex Trading Platform 2009- World Finance Magazine

• Best Foreign Exchange Broker 2009- Money AM Online Finance Awards

• Best Online Education Provider 2009- Money AM Online Finance Awards

To open an account with IBFX, please select a link below:

Free IBFX Demo Account
Open a Live IBFX Account

MQL4 for Dummies

MetaTrader Global — Thu, 21 Jan 2010 22:25:13 +0000

Development of applications for the MetaTrader 4 Client Terminal requires the knowledge of MQL4. This programming language MetaQuotes Language 4 is a fourth-generation language that has also been developed by MetaQuotes Software Corp. from their own many years experience. MQL4 is the first programming language to consider all niceties of trading on financial markets.

This present textbook will help you create your own Expert Advisors, scripts and indicators and incarnate in them your ideas – your trading algorithms. The textbook is intended for a large number of readers without experience in programming that want to learn how to develop automated trading applications for MetaTrader 4 Client Terminal. The textbook is designed in such a method that to make learning MQL4 as convenient and consequent as possible.

Download the MQL4 for Dummies textbook

Using Neural Networks In MetaTrader

MetaTrader Global — Thu, 19 Nov 2009 16:42:32 +0000

Many of you probably have considered the possibility of using neural networks in your EA. This subject was very hot specially after 2007 Automated Trading Championship and the spectacular winning by Better with his system based on neural networks. Many internet forums were flooded with topics related to neural networks and Forex trading. Unfortunately writing native MQL4 implementation of NN is not easy. It requires some programming skills and the result would not be very efficient specially if you’d like to test your final result in tester on large number of data.

In this article I’ll show you how you can use the freely available (under LGPL), renowned Fast Artificial Neural Network Library (FANN) in your MQL4 code while avoiding certain obstacles and limitations. Further I assume that reader is familiar with Artificial Neural Networks (ann) and terminology related to this subject so I’ll concentrate on practical aspects of using particular implementation of ann in MQL4 language.

To read the full article, please visit: http://articles.mql4.com/777

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 Forex VPS Hosting

MetaTrader Global — Thu, 12 Nov 2009 16:07:36 +0000

ForexVPS offers VPS hosting to allow Forex Traders to do what they do best: make Forex Trades. They wanted to give Forex Trader a reliable platform they could access 24 hours a day without having to worry about the technology.

FOREXVPS FEATURES:

Starting from US$35/month
Broker/EA Independent – Use with any Broker or EA
Free Support and Installation Assistance
24/7 Access from any Windows , MAC or Linux PC
Extra Trading Features Built In

For more information or to sign up for your VPS server visit: www.ForexVPS.com

Sign up Today for MetaTrader Hosting

India Based MetaTrader Forex Broker

MetaTrader Global — Mon, 09 Nov 2009 19:27:07 +0000

Looking for a MetaTrader Broker with a local office in India?

MetaTrader India recomends Alpari Forex (India) Pvt. Ltd. is a company formed under the Indian Companies Act, 1956.

To find out more and to open an account visit http://www.metatrader.in/metatrader-forex-broker/

Alpari offers Online Trading in Forex via MetaTrader 4 (MT4), one of the world’s most recognised Forex trading platforms for stability and reliability. MT4 is highly regarded and very popular among traders as they enjoy a variety of useful features including Expert Advisors and custom indicators, a complete technical analysis package, professional charting tools and quotes history for back testing.

Alpari MetaTrader 4 Platform

Fast execution
Floating leverage up to 1:500
FSA regulation and FSCS protection of client funds*
Trade from real-time charts
Compatibility with MT4 EAs
Available on a Micro or Classic Account

To find out more and to open an account visit http://www.metatrader.in/metatrader-forex-broker/

Tips for choosing a MetaTrader Expert Advisor

MetaTrader Global — Tue, 27 Oct 2009 17:07:35 +0000

It is important to choose a forex trading platform that meets your requirements. There are different types of platforms that provide different facilities. The platform that you choose depends on your approach. Some platforms provide high level of details. They provide highly complex charts and indicators and complete information about the markets. If you are an expert in the FX market, this is what you would expect and this is what will help you to make trading better decisions. On the other hand, if you are new to this market, complex indicators and charts can only confuse you and make you edgy. So, you might require a forex platform that provides a simplified data and gives away tips that are understandable to even a layman.

MetaTrader is one platform that is highly popular and is used by many traders around the world. Its popularity has increased so much that there are many experts that have designed MetaTrader Expert Advisors (EA) and it can be a massive task to choose the best MetaTrader EA. There are basically 2 categories of advisors. Follow these simple but effective tips to choose the best MetaTrader EA.

Paid MetaTrader EA are the ones that charge the traders for the services that they provide. These platforms are made for commercial reasons and you have to purchase them from the developer. Even if they are available on the internet, you have to pay for them in order to download them. Paid MetaTrader EAs cannot afford to give out false tips as when traders are paying for the service, they expect excellent tips. One way to evaluate the paid EA is to go through the reviews of that EA. Consult other traders as to what they have to say about the platform. But, be aware about the false reviews that many companies have written for themselves.

The next category is the free MetaTrader EA. This is freely available in the market. You can even download them freely from the internet. Many traders themselves develop platforms for their use and make it available for others. There are many recognized free EAs. One must be very careful while selecting a free version because the creator might not have taken enough efforts to make the forex EA as effective as some of the paid versions. The best way to evaluate the free MetaTrader EA is to look at the number of users using that EA, the reviews of that EA and so on. If you are new to the market and are not doing FX trading full time, there is no harm in going for the free version particularly if you are not keen on shelling out extra bucks.

Here is a link to where you can find some free EAs – http://codebase.mql4.com/experts

MT4 VPS Hosting

MetaTrader Global — Fri, 23 Oct 2009 02:21:49 +0000

Forex traders can choose to use expert advisors or forex robots with MetaTrader. For using these MetaTraders trading robots your computer should always be connected to the internet otherwise the robots will not work correctly. There are many traders who are not able to leave there computers on constantly and others who have slow internet connection. The solution to all these problems is MetaTrader VPS hosting. This means that you are hosting your MetaTrader setup on an external server. Dedicated servers are always connected to the internet. It means that the personal computer of the trader does not have to be connected to the internet 24 hours a day. All you have to do is to upload your trading robot on the dedicated server. After uploading the robot you can manage your trading without any interruptions.

There are several services available in the market. You should compare the price as well as features of all these companies before you make any decision. You can seek an expert advice before choosing a hosting plan. It is a good idea to spend some time in finding several websites related to VPS hosting. A trader should know all his requirements before he chooses a hosting plan. Visit http://www.metatraderglobal.com/global-sites/usa/ for some recommended VPS providers.

There are some features which you should consider while opting for VPS hosting plan. Three main things you should look for are bandwidth, disk space and uptime guarantee. A reputed company always offer a money back guarantee. It is a good idea to opt for a company which is offering a money back guarantee. The company you chose should provide a 24 hour reliable customer support.

By following the above tips and techniques you can easily choose a MT4 VPS hosting services according to your needs and budget.