Tag: mt4

Forex Trading Systems Introduction

Trading Strategies
Forex trading systems is a term traders come across all the time. In fact, you are almost certain to hear the phrase 'stick to one trading system.' So what are forex trading systems and how do you get one for yourself. To begin with, forex trading systems can be defined as a set of expert advisors or indicators that form a system, which helps you make trading decisions. These trading systems can be either fully automated, making use of expert advisors or can be a set of indicators that give you the buy and sell signals along with trade entry and exit points (in some advanced systems). Do you need a forex trading system? The answer is yes and its quite simple. Take for example if you were trading based on Moving average signals. This is nothing but a trading system, or the fancier ...

Difference between MT4 and MT5 Platforms

Trading Platforms & Software Reviews
Many traders want to know if the MT5 trading platform is a whole new version of this popular trading software, or whether the MT5 is merely a re-invented MT4 with a few tweaks here and there. Forex brokers are slowly starting to expand into offering the MT5 trading platform for their traders. While most of the forex brokers for now are currently offering MT5 demo accounts, the migration to the MT5 live accounts will happen sooner than later. Off the bat, MT5 platform boasts of some great new features such as offering depth of market, flexible chart time frames and much more. The only flipside with the MT5 trading platform is the non compatibility with MQL4 language. This means that just about every other forex indicator, robots, EA's must have to be re-written into the new MQL5 language...
MT4 Trading Tutorial – Quick guide to MT4 Trading Platform

MT4 Trading Tutorial – Quick guide to MT4 Trading Platform

Trading Platforms & Software Reviews
The MetaTrader4 platform, also known as the MT4 platform, is a trading platform on which traders can trade predominantly currencies. Some forex brokers have also added a few other instruments outside of the forex domain such as spot metals (gold and silver), crude oil and stock indices. But the predominant financial assets traded on MT4 remain currencies. In this MT4 trading tutorial, we will go over the necessary functions which every trader who uses MT4 (or intends to use MT4) must know. Opening Orders on the MT4 Trading Platform Six types of orders can be opened on the MT4 platform. These are: Buy Stop Sell Stop Buy Limit Sell Limit Market Buy Market sell The first four order types are pending orders while the last two order types are market orders. Pe...
MT4 Visual Trading Console: Easy Convenient and Reliable!

MT4 Visual Trading Console: Easy Convenient and Reliable!

Trading Platforms & Software Reviews
Even though the Metatrader forex platform as software has proven itself to be extremely useful for forex traders, it is still not the most user-friendly program to use. More so in aspects such as managing the daunting tasks of order entry and management. The MT4 platform requires traders to undergo series of complicated steps just to cover the basics, and should the need to use more advanced features arise, you are required to use various different scripts or get the help of expert advisers to operate it properly, which is extremely challenging when dealing with multiple trades. VTC, also known as MT4 Visual Trading Console can help revolutionize your Metatrader software, as it is a stand-alone windows application which can easily interface with the Metatrader terminal. The MT4 Visual T
HotForex – Forex Broker Review

HotForex – Forex Broker Review

Forex Broker Reviews
HotForex is a worldwide provider of retail Forex trading services, offering individual forex traders, fund managers and institutional customers proprietary technology and tools to trade Forex online. Headquartered in Mauritius and supported by worldwide Customer Management Centre, HotForex offers Retail, IB and White Label Clients the opportunity to access interbank bank spreads via state of the art automated forex trading platforms. HotForex is a registered brand name of HF Markets Europe Ltd a Cypriot Investment Firm (CIF) under number HE 277582. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 183/12. Hotforex Trading Platform HotForex uses the MT4 also known as the Metatrader 4 trading platform. MetaTrader is the most popular front-end appl...