MetaTrader India

10% Deposit Match

New and existing Interbank FX clients can earn a 10% deposit match on deposits over $2,000 by November 30, 2010. Trading requirements apply.

Free IBFX Demo Account
Open a Live IBFX Account

• This promotion is available to all existing and new clients
• Any customer with deposits over $2,000 by November 30, 2010 will be automatically enrolled into the promotion.
• Client must have an open live trading account – click here to open a live trading account online
• Transfers between Interbank FX trade accounts do not qualify.
• Clients must trade the minimum lot requirements.
• Promotion ends November 30, 2010
• Other terms & conditions apply
• For more details please go to  http://www.ibfx.com/Promo/TenPercentPromo.aspx

Free IBFX Demo Account
Open a Live IBFX Account

Source: www.ibfx.com

The 10% Deposit Match is back!

New and existing Interbank FX clients can earn a 10% deposit match on deposits over $2,000 by October 18, 2010.

Trading requirements apply

Here is a brief description of the promotion:

10% Deposit Match

• This promotion is available to all existing and new clients
• Any customer with deposits over $2,000 by October 18, 2010 will be automatically enrolled into the promotion
• Transfers between Interbank FX trade accounts do not qualify
• Clients must trade the minimum lot requirements
• Promotion ends October 18, 2010
• Other terms & conditions apply

For more details please go to  http://www.ibfx.com/Promo/TenPercentPromo.aspx

Free IBFX Demo Account
Open a Live IBFX Account

Convenient – Use your iPhone to stay up to date with current market conditions and news – anywhere with a cell signal with Forex On The Go.

Flexible – Place and close orders, monitor live trades, set stop-loss and take-profit and more with any MT4 broker.

Dynamic – Real-time tick chart can provide up to the second pricing directly from your MT4 broker.

Find out more at http://forexonthego.com

FXCM Holdings LLC (FXCM) (http://www.fxcm.com) has been awarded Best Retail Platform by FX Week at the 2010 e-FX awards for the second year in a row.

The award, announced on July 13, 2010, at the FX Week U.S. conference, recognizes industry excellence in electronic foreign exchange trading from banks and vendors.

FXCM prevailed over other industry leading firms, including Oanda and Saxo Bank.

Drew Niv, CEO of FXCM, stated, “This award once again confirms FXCM’s leadership in the forex market. The No Dealing Desk (agency execution) business model embraced by FXCM in 2006 is clearly the direction forward for the retail industry. Clients want transparent and fair execution and FXCM offers it.”

FXCM developed its proprietary trading platforms: FX Trading Station II (PC-based) and FXCM Active Trader (Web-based) to meet the rigorous conditions of today’s volatile markets. The current platforms were developed by an in-house team of over fifty programmers. Strategy Trader, a third platform to be released soon, will be a direct competitor to the industry loved MetaTrader 4, but has been built specifically for FXCM’s No Dealing Desk business model.

FXCM offers a variety of platforms based on specific trader needs. Along with the platforms listed above, FXCM offers a mobile platform for iPhone, BlackBerry®, Android, and Windows operating systems. The Forex System Selector and MetaTrader 4 platforms† offers clients the ability to set strategies and walk away. All of FXCM’s platforms are extremely scalable and robust. There are over 200,000 live accounts trading on multiple platforms offered by FXCM, with an average of over seven million trades per month.

FXCM currently has successful white-label relationships all over the world working with banks, brokerages, and large financial institutions. White label partners are able to deploy individually customized platforms based on FXCM’s awarding forex trading platform.

Source: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=ef88b629-3cb8-4302-970f-97a23df092e9

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