seo sgmlns="http://www.w3.org/TR/SEOEHTML1/SGML">
very-importantvery-importantvery-importantvery-importantvery-importantvery-importantvery-importantMetatradermqlMetatrader brokermetatrader tradingmetatrader robottradingmetatrader trading Systemsmetatrader brokersmetatrader seminarmetatrader infometatrader brokersmetatrader Meta Trader EAmetatrader EA Top Tenmetatrader Expert Advisor Top Tenmetatrader Trading expert advisor
All informations about Metatrader and automated trade
"The interest of the private investors on the stock exchange
(international finance markets) is gigantic! However, the
private investor towards the professional investors does not
bring the necessary perseverance and experience.
The biggest difficulties of the private investor lie in the
position and risk management; at short notice he keeps to
this though and earns therefore for a short time also
profits, nevertheless, after some time he can be often
tempted to a higher risk readiness (avarice) and loses the
whole amount again.
The private investor often has a very good strategy because
he does not keep, nevertheless, to his own rules, the loss
of his capital follows from it.
To be able to act with the possibility for the private
investor now also automated, so he can trade his own
strategy fully automatically via broker, the biggest and
probably most important step is done with certainty for the
private investor. Since now he also has to be active the
possibility beside the normal work round-the-clock in the
finance markets and can follow therefore the trading not
only in his spare time.
Currently approx. 70% of all shops about Xetra and Eurex via
fully automatic systems are traded, however, not by private
investors, but only by institutional investors. However, now
it is also to be positioned for private investors quite
simply possible to themselves with own automated commercial
system in the international markets and to use therefore the
complete advantages of the automated tradings."
Patrick Hahn
Why
automatic Trading?
"from now you are active with your PC in the international
markets round-the-clock "
Automated commercial systems are subdivided into
semiautomatic and fully automatic commercial systems.
Explanation:
Semiautomatic commercial systems:
Here are indicated, e.g., the chart-trading possibilities
on this of the trader then can act.The system indicates
only Trading possibilities and does not act.
Fully automatic commercial systems:
Here it is also possible of course that the trader is
informed about the commercial decisions visually or also
via e-mail! Only the fully automatic system acts directly
according to the desired criteria or the desired strategy.
Orders are placed automatically and are worked on.
Professional commercial systems run only through the
Metatrader:
Answers on "how do I get to my own strategy and how do I
order the whole" you will find
here
Advantages of Metatrader?
quick order implementation
very
good chart program
expandable platform offers the production of own
indicators, to trading systems and scripts (small programs
which are unique executed, e.g., closing of all open
positions with a mouse click)
Possibility of backtestings
trading with automatic trading systems
all in one platform with trading-, charting-,
backtesting- and programming platform
Program is for free (course care is also for free)
Installation file is has only the size of 3.5 mb!
Platform starts with a click
Platform handles very economically with resources and
can be also used to USB-Sticks or other hard disk
partitions
Integration of arbitrarily external DLLs simply
possibly, thereby very big possibilities for the analysis
and evaluation
Metatrader is the best trading platform for a demo clickhere
About Metatrader
What is MetaTrader?
MetaTrader is a completely free Trading and Charting
application designed for online Trading Systems for many
Global Markets such as Futures, Stocks, Foreign Exchange (Forex),
etc. It has the ability to perform technical analysis, and
for the development and operation of fully Automated Trading
Systems. Forex Brokers can license the right to the
MetaTrader Platform, or MT4, and make it available to their
Clients. Currently over 200 major Brokers use the Meta
Trader 4 Platform.
Metatrader 4 – Everything from a hand – an overview to the
software
Who wants to earn money as an investor on the finance
markets, sooner or later has to trade in the automated
currency index trade. There are all kinds of service
providers who often make their own little software thing.
Many use own commercial platforms which are delivered then
often without charts and computer languages. Others make
available a platform on which one can only lose his money.
An exception forms Metatrader 4 and the succession version
Metatrader 5, software from Russia which means, so to
speak, a “totally-happy”-package for the professional, but
also the amateur trader.
On this occasion, commercial platform, chart technology
and even fully automatic actionis possible with the help
of the built-in computer language “MQL 4“ and in the new
version “MQL 5”.
There are meanwhile competitions which are laid out only
on system trade. Recently came to an end the “Automated
Trading Championship in 2008“ with which one could send
his programmed commercial system in the running. In 12
weeks the winner increased the virtual capitalof 10.000 $
on 35.175.60 $. The advantages of automated trade become
clear at the latest in these figures.
Of course the software can be also used to manual trade
and is ordered also by more and more brokers,
predominantly from the Forex area, to make customers happy
with it, which want to test it.
The software comes from the house MetaQuotes software
Corp, from Russia which has made meanwhile a very good
name in this area to itself.
It is even possible with Metatrader by means of a click to
trade several strategies and also accounts at the same
time.
Almost all brokers offer a demo account with virtual play
money what one should use at the beginning active ones,
because one always gets the original traded Forex courses
and no time-delayed courses delivered.
The first steps
You are able to download the software with suitable
broker's websites free of charge and without obligations.
Also we recommend you a broker. You find more informations
here.
The installation is possibly easy. You can put meanwhile
more than 26 languages. Among others Russian, two
different Chinese linguistic variations, in addition the
usual languages. A multi language package allows to the
user himself to choose the menus in his national language
and to pass on this in Metaquotes, so that it is also put
to the rest of the world at possession.
Please note that a DSL dedicated line compelling is
necessary for the Metatrader.
The manufacturers recommend a Pentium 4 processor with 2
GHz, 512 GDR RAM, 80 GB HDD minimum. But also PCs with
less achievement and older versions of Windows function of
course without problems. We support you with the choice of
the hardware. In addition you find all informations
here.
After the installation data are questioned for opening of
a demo account (which you give exactly please) and one
puts the lever and the insert of from 3.000 to 5.000.000
€. After generation of a password the program appearswith
six windows. This is the so-called default setting. You
can adapt them of course to your wishes.
On the one hand, the "market" with the different currency
combinations, is on the top left under it the so-called
navigator who provides the provided indicators, commercial
systems – so-called "Expert-Advisors" and conformist
indicators to the use.
Four big windows show the most important currency
combinations with different indicators, below it the
terminal with open positions, account history as well as
other useful setting possibilities.
The first work
As main work tools of Metatrader the technical analysis of
the Month-Charts to is used down to the analysis in the
minute tact. All windows can be faded out and stored away
the complete working surface as a so-called "profile". You
can access thus with a mouse click different profiles.
They will be impressed as easy the menu guidance is.
About the charts there is the working strip by means of
which you can switch over between three different
representation kinds (line-, candle-, beam-chart), time
frames.
This may be not enough for many traders. Nevertheless, the
computer language leaves open all possibilities to program
other chart kinds. Also with the order kinds meets all the
wishes of the Metatrader and all conceivable orders with
the Metatrader can be programmed. On the Internet you
already find the ready indicators which generate Point &
Figure-Charts and zigzag representation.
Usual working tools like lines, canals, Gann technologies,
Fibbonacci, cycles, in addition indicators, divides into
trends, oscillators, volumes and special of Bill-Williams,
are selectable about the Dropdown menu.
Inserted indicators in the chart windows let themselves as
stencils, so-called "Templates" store away and then are
available for other currency pairs.
Thus you can put on a currency pair in different time
frame with different indicators, store away this then as a
profile to create thus as the basis for the everyday
work. Make trading your occupation.
The program is put predominantly by Forex brokers as a
commercial platform at possession. You automatically get
the data feed provided. There originate to you on this way
absolutely no costs.
Thus an update of the suitable data bank is explained with
change-over by minute representation on month charts
automatically and it are ready itself with the € in $ of
back counted histories till 1989 to the analysis.
Action with Metatrader
From the analysis platform it is traded directly. Over an
extra window all currency pairs can be put as a lot with
100.000 $ in each case of size, but also with certain
brokers to 0.01 lot what corresponds to 100 $ of
commercial size.
A direct implementation or, however, a so-called „Pending
order“ can be selected what corresponds to a limit or a
stop loose order.
During the order input it is at the same time possible to
send profit order with Without stop as well as a take. So
called breacket orders or if-done-OCO-orders.
With quick trade after publication of the figures it is
possible into the bargain, to limit briefs page, i.e. how
much pips the price may soak off at the time of the
contract transfer from the indicated course. If this
briefs page is crossed, the program automatically asks
whether should be traded for the new price.
In addition atime limit is regulated with Pending
orders, till when this order is valid. If this is not
released, the deletion automatically occurs.
If you have transmitted an order, a Trailing stopcan be
selected immediatelywhat reaches, however, in contrast
to other brokers not immediately, but when the opposed
course of the position is in the profit.
An example:
We go long in the € with 1.3140, with stopploss 1.31 and
profit-target with 1,325. A trailing stop is put with 15
Pips. If the position rises in the profits by 14 pips, the
stop remains consistently with 1.31. If it goes a point
higher on 1.3155, the programautomatically dragsevery
other point on deuce, afterwards immediately.
In contrast tonormal stock market brokers the examination
of the trailing stop occurs not in the remotely standing
commercial PC of the broker, but only on own commercial
PC.
You have to be always online, to reach that.
There are differences of broker to broker about theleast
distances with the pending orders as well as the
adjustable trailing distances. Commonly 5 pips
distancewith order job and 15 pips are aminimum Trailing
distance.
Open positions and pending orders are indicated in the
terminal located completely below on the screen, with P/L
in pipsor real cash value. This can be closed by mouse
click on the suitable position or be changed.
If an order is given or explained, all necessary is put
down in the chart of the suitable currency as horizontal
sketched lines to see in the background from figure 2. You
always see how far the topical course is removed from the
given data.
Commercial evaluation
The evaluation possibilities of the trading behavior are
further worth mentioning. These data can be stored away in
detail as a statement in HTML form and serve for false
invention.
You can load this statement in aweb browser and receives
a professional evaluation of his commercial activity
whichleaves much to be desired nothing. A position
installation, followed by an Equity curve, opens this
statement.
Substantially more importantly the data evaluations seem
good. Here you find such data like “Largely profit“,
“Largely Loss”, “Profit-Factor“, the drawdowns and still
many other data listed.
The whole can be stored away chronologically adaptably. If
you want to evaluate only the today's trades, this is as
possible, as for the complete week or the whole month.
Thus mistakes can be found in the commercial strategy.
Profit factor is important, e.g., of the value 1. A value
more than 1 means that the strategy is successful. If you
have still produced losses, you have traded either too
much or too big positions.
Also the Equity curve registers you, when you should
better stop. Since after a good phase there comes mostly
unavoidably the bad and you often return a large part of
the profits again.
Expert-Advisor – the completely special in Metatrader
With this tool a piece of luck probably seems to have
succeeded to the developers. You know that the trader
itself is mostly the biggest enemy.
A possibility, this is to be switched off a commercial
system which opens independently positions, closes, even
the money management takes over.
Moreover the computer language is in Metatrader MQL 4.
This allows to the trader to develop not only own
indicators and useful functions, but also to program his
commercial ideas, to test this and to let act
independently in the successful case. You find
instructions into English to the computer language in the
section Tutorials.
In the following also a little bit deep going out course.
Back to Metatrader. A MACD system which serves as an
example for the use of the computer language is provided.
Every system checks with detailed new kink whether one of
the rules arrives and can act either independently, or
generate only one alarm.
You can give firm commercial dimensions, but also a
certain percentage of the equity which adapts itself
virtually.
These so-called "Expert-Advisor" can be used in Intraday
trade just as on day base.
After a program code was provided, this must be converted
only by the integrated compiler, so that he is readable
for Metatrader. Besides, the mistakes which it is a matter
to eradicate then are still indicated. Then the test run
with historical courses should occur which shows whether
the draught fits or not whether one must adapt the
"expert" further.
Also the German stock exchange lowers the fees for
automated trade on account of the big inquiry. more....
Risk warning: Trade with theoffered products (e.g.,
CFDs),
also about automated trade, contents a high risk for your capital.
Speculate only with money,their loss
you can also afford. These products are not suitable for all
investors; you have to guarantee, that you are involved in the risks
completely and consult independent help if necessary. Successful
investment results in the past do not guarantee success in the
future. Telephone calls can be taped.
Currently approx. 70% of all shops about Xetra and Eurex via
fully automatic systems are traded, however, not by private
investors, but only by institutional investors. However, now
it is also to be positioned for private investors quite
simply possible to themselves with own automated commercial
system in the international markets and to use therefore the
complete advantages of the automated tradings."