MetaTrader Global

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 [...]

Let’s consider a task of improving an indicator, which is applied to values of another indicator. In this article we’ll continue to work with True Strength Index (TSI), which was created and considered in the previous article “MQL5: Create Your Own Indicator“.
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Custom Indicator Based on Other Indicator’s Values

When writing an indicator that uses the short [...]

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 [...]

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 [...]

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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Hot keys (accelerating keys) are keys and their combination’s that allow you to execute various commands fast and without the use of menus or toolbars. Here is a lit of some very useful hot keys for the MT4 platform:

Left Arrow — chart scrolling to the left;
Right Arrow — chart scrolling to the right;
Up Arrow — [...]

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 [...]

What is an indicator? It is a set of calculated values that we want to be displayed on the screen in a convenient way. Sets of values are represented in programs as arrays. Thus, creation of an indicator means writing an algorithm that handles some arrays (price arrays) and records results of handling to other [...]

Introduction
Most Java coders will be familiar with the auto-generated documentation that can be created with JavaDocs. The idea is to add comments into the code in a semi-structured way that can then be extracted into an easy to navigate help file.
The C++ world also has a number of documentation auto-generators, with Microsoft’s SandCastle and Doxygen [...]

Templates can also be created for charts opened from the Strategy Tester and for charts opened independently.
To create a default template for charts opened from the Strategy Tester, you will need to save a template as “tester.tpl”.

For offline charts, the default template must be “offline.tpl”.

If the “offline.tpl” template is not found when an offline chart [...]

Use F12 to move through a chart bar by bar.
This function can be very useful when you develop and test your own trading strategies. Simply open a chart at the very beginning of the history (press Home) and move through it bar by bar.
Shift+F12 will move through the chart backwards.

Source: http://articles.mql4.com/189

By using Chart Templates the chart background, bars colors, indicators and objects can be saved and used on other charts.
To do this, setup any chart as you wish: set colors, superpose objects, attach indicators, etc. Then select the “Charts -> Template -> Save Template…” menu and save the obtained template as default.tpl

Anybody who has ever launched an EA or an indicator for execution, faced the possibility to preliminarily set up external parameters that often underlay the success of the program. There is a possibility to change parameters during the program operation. But how can that be done without initialization? In some cases, this may affect managing [...]

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 [...]

If you have several trading accounts, you are able to create a special profile for each account.
When you switch between accounts, the profiles will be opened automatically.
To create a profile, you must save it under the name which is exactly the same as the account number.

Source: http://articles.mql4.com/189

Introduction
What is an indicator? It is a tool intended for displaying a certain type of data. Usually it is information about the price series properties, exactly this type of indicators will be considered further.
Each indicator also has its own properties and characteristics: for example, the range of values, the overbuying/overselling zones, the line crossing, tops [...]

If you accidentally close a chart it can be reopened with all its settings using “File -> Open Deleted”.

Source: http://articles.mql4.com/189

To back test an expert advisor (EA) follow the steps below.

Open the Strategy Tester window by pressing Ctrl+R
Select the expert advisor you wish to back test
Select the symbol you wish to back test
Select a testing model (every tick model recommended)
Set a testing period
Press Start

To modify a working order or create a new Stop Loss and/or Take Profit order, double-click on one of these fields in the order line.

When the order window appears, enter the necessary values.

Source: http://articles.mql4.com/189

Press F10 to open the Popup prices window.
To enable the popup window to be “Always on the Top” right mouse click in the popup window. This will enable you quotes while working with other applications.

You can also select “Properties…” in the right click menu of the popup prices window, which will allow you to [...]