MetaTrader India

Online forex trading broker FX Solutions  offers the MetaTrader 4 trading platform, giving traders a high level of flexibility and the ability to analyse the forex markets with a range of innovative tools.

MetaTrader 4

MetaTrader 4 is a trading platform with built-in market analysis tools allowing you to create unlimited charts, research technical indicators and test trading strategies on historical forex data.

Traders can also take advantage of the “Expert Advisors” feature – custom programs that help automate the forex trading process by tracking prices, recognizing patterns and executing trades based on the information.

Integration with FX Solutions

The tools of MetaTrader 4 combined with FX Solutions’ 99%** automatic execution makes for a compelling trading proposition. Traders get the best of both worlds: the flexibility and market analysis features of the MetaTrader 4 trading platform, and the fixed spreads and EBS pricing of FX Solutions.

Together, FX Solutions and MetaTrader 4 provide traders with the liquidity, consistency and execution stability they need to rise to the challenges of modern forex.

Forex trading  involves substantial risk of loss and is not suitable for all investors.

Source: www.sys-con.com

At times traders may need to perform a time synchronization task when expert advisor is working. Prohibition or permission for orders opening in certain time spans during 24 hours, cancellation of suspended orders after certain time, prohibition against work of the expert advisor on holidays, trade permission only at news-time etc. may be required.

Time in MetaTrader 4 client is read from the server and depends on the brokers configuration. Normally, time on the brokers server is set to their local time. MetaTrader 4 has on means for determination or automatic adjustment of the time zone. There is a possibility at our disposal to know the server time and local time of the computer on which the MetaTrader 4 client is working. Accordingly, if we use such dimensions as hours, minutes or even specific dates then we have to provide correspondence between local time and time on the server. This task is owned by the trader, while the programmer considering the above limitations can provide only the means for configuration.

With respect to zero meridian, time can have a shift of -12 to +12 hours. I.e. within 24 hours. however, two dates fall within this span. These are the current date (from 0 to +12) and previous date (from -12 to 0).

Let’s take a look at an example.

Expert advisor has to work only during the session at NYSE. NYSE is opened at 9:30 AM and closed at 4:00 PM as per Eastern Time. If the time will be converted to Greenwich Mean Time, then we will have GMT-5. We have to configure the expert advisor to work during this time. If we are located at the GMT-0 zone, then for correct synchronization we have to know our location with respect to zero meridian as well. E.g., our time zone is GMT+1. Thus, time difference makes up 6 hours. As the reference point is time on the side of the Metatrader 4 terminal, then the relative time shift will be -6 hours.

Let’s move on to specific figures and computations. Local time on trader’s computer is 2:00 PM. We find the time in New York by shifting the current time 6 hours back. We get 8:00 AM. It is too early for the expert advisor to operate; the stock exchange is not opened yet. The exchange will open when the local time will be equal to 3:30 PM.

Let’s summarize. If the expert advisor has the TimeShift configuration, then the task of the trader is to know the difference between the local time and the time of event for which the expert advisor has to be configured. If local time precedes the required event, then the shift will have the “+” sign, and if local time follows the event, then the shift will have the “-“ sign.

by Alexey Koshevoy, AirBionicFX founder and CEO

Modern technologies allow us not only to trade in financial markets using personal computers, but we can fully automate a trading system now. Using a computer program you can relieve yourself from the routine of analyzing financial markets and performing trades.

Our client terminal has all functions that allow you to develop, test and use your trading system. The development environment named MQL4 is integrated into the terminal. MQL4 consists of MetaEditor, Strategy Tester and Compiler.

To view the full article, please visit: http://www.metatraderglobal.com/384/what-is-automated-trading/

Analytics is one of the most important components of trading. Based on analytical data, a trader can decide what operation to execute, when to do it and the profit/loss of the trade. The MetaTrader 5 platform offers you wide analytical possibilities!

Charts

Charts constitute a work field for technical analysis. This is where dynamics of security quotes are featured, technical indicators and graphical objects are applied. The number of charts that can be used in a terminal is unlimited, and they can be positioned in any way. This enables traders to adjust their workplaces to their own needs.

Every chart can be individually set up. Traders can use the detailed setup of color schemes, displaying of additional data objects and scaling, which allows the configuration of every chart according to the needs of a certain analytical tool. For example, you can setup the displaying of separators for larger periods, the OHLS line, and the chart scaling for the adequate featuring of Gann tools.

To view the full article, please visit: http://www.metatraderglobal.com/377/analytics-in-metatrader-5/