MetaTrader Australia » MetaTrader General

Metatrader 5 for Iphone and Google Android

admin — Thu, 29 Jul 2010 07:04:24 +0000

Many people asked MetaQuotes to develop a mobile version of Metatrader 4 for iPhone. Unfortunately, the mobile version of MT4 is only available for the Windows Mobile platform ( Smartphones and Pocket PC’s). However the good news is that Metatrader 5 will be available for Iphone and Google Android platforms! It was recently confirmed by MetaQuotes staff in this thread. The development of the Iphone app is progressing, and it will be probably released first. Bad news is that there wont be a version anymore for the Windows Mobile platform, Windows Phone 7 will be also avoided. I thinks this is because of the bad reputation Microsoft got with the countless bugs of Windows Mobile 6 and the drastic changes in code in the 7th version.

The Metatrader 5 Iphone app will feature a uniform design that will seamlessly fit in the Iphone interface. The app is developed from scratch and well be 100% native to the Iphone OS. Also, it will be different from the interface in Metatrader 4 Windows Mobile. The release date is not known yet. If the mobile version of Metatrader 5 is one of the reasons you will buy a smartphone, this information will help you to decide what platform to buy. I personally like the Android OS.

If you want to use Metatrader 4 on your Iphone, you can use tools that create a remote connection to your desktop, where Metatrader 4 is running. For example, you can use the TeamViewer app for Iphone, it connects to any PC around the world and you can remotely control the PC as if you were sitting right in front of it. You can also seamlessly use iPhone to login directly to your PC running MT4 using the PC2ME app. With PC2Me you can remote control of your Windows PC, using your iPhone via the Safari browser. There is also a Iphone app that allows you to monitor your Metatrader 4 accounts using myfxbook.com’s backend:

Actually, the remote connection to the desktop version of the Metatrader terminal is in some cases better than a mobile version of MT for the smartphone. On the smartphone you have always limited computing resources and not all features of the full version of Metatrader. For example, if you are using a expert advisor on your desktop, you can only control it via a remote connection. But if you want to quickly check the market quotes, the mobile version is better.

Source: http://metatrader5.blogspot.com/2010/07/metatrader-5-for-iphone.html

Hotspot May 2010 Forex volume over $1 Trillion…

admin — Tue, 13 Jul 2010 08:29:03 +0000

I know it’s a bit late yet this hasn’t been published yet so what the hell.

Hotspot recently released their trading volume figures and the numbers are simply astounding. During May 2010 Hotspot transacted over $1 Trillion total volume… May 6th was the most volatile with almost $90 billion traded in a single day.

From January 2009 to May 2010, Hotspot’s volume has risen over +350%.

All in all it seems that Hotspot at this point is the single largest forex trading venue in the world, however watching the chart below you can see that while EBS and Reuters lag behind CME is picking up pace. CME’s growth in May was much higher than Hotspot’s though I’m not sure how this even compares as CME’s business is mostly FX contracts and futures.

Source: http://forexmagnates.com/hotspot-may-2010-forex-volume-over-1-trillion/

MetaTrader 5 – MQL5 for Beginners

admin — Fri, 25 Jun 2010 05:36:59 +0000

Step-By-Step Guide to writing an Expert Advisor in MQL5 for Beginners

Introduction

This article is aimed at beginners who wish to learn how to write simple Expert Advisors in the new MQL5 language. We will begin first by defining what we want our EA (Expert advisor) to do, and then move on to how we want the EA to do it.

1. Trading Strategy

What our EA will do:

It will monitor a particular indicator, and when a certain condition is met (or certain conditions are met), it will place a trade (either a Short/Sell or Long/Buy), depending on the present condition that has been met.

The above is called a trading strategy. Before you can write an EA, you must first develop the strategy that you want to automate into the EA. So in this case, let us modify the above statement so that it reflects the strategy we want to develop into an EA.

We will use an indicator called Moving Average with a period of 8 ( You can choose any period, but for the purpose of our strategy, we will use 8 )
We want our EA to place a Long (Buy) trade when the Moving Average-8 (for the sake of our discussion, I will refer to it as MA-8) is increasing upwards and the price is close above it and it will place a Short (Sell) when MA-8 is decreasing downwards and the price is close below it.
We are also going to use another indicator called Average Directional Movement (ADX) with period 8 also to help us determine whether the market is trending or not. We are doing this because we only want to enter the trade when the market is trending and relax when the market is ranging (that is, not trending). To achieve this, we will only place our trade (Buy or Sell) when above conditions are met and the ADX value is greater that 22. If ADX is greater that 22 but decreasing, or ADX is less than 22, we will not trade, even though the condition B has been met.
We want to also protect ourselves by setting a Stop loss of 30 pips, and for our Profit target; we will target a profit of 100 pips.
We also want our EA to look for Buy/Sell opportunities only when a new bar has been formed and we will also make sure we open a Buy position if the Buy conditions are met and we do not already have one opened, and open a Sell position when the Sell conditions are met and we do not already have one opened.

We have now developed our strategy; it is now time to start writing our code.

View full article at http://www.mql5.com/en/articles/100

MetaTrader 5 – New Opportunities with MetaTrader 5

admin — Tue, 22 Jun 2010 10:58:03 +0000

A little bit of history

As little as 5 years ago, the MetaTrader 4 terminal was officially presented to the traders, written completely from scratch and intending to replace the existing, and already popular, third generation terminal of MetaQuotes Software Corp. MetaTrader 4 quickly gained popularity among traders, and as a consequence, in the following years, hundreds of brokers began to provide their services on the MetaTrader 4 platform.

Despite this success, 3 years ago developers decided to create an informatory – trading platform of a new generation, and in November of 2009 the public testing of MetaTrader 5 had begun. We all tend to take a strong liking to the known and the familiar and take a cautious approach to changes. Traders are no exception to this behavior. Therefore we decided to help, all who desired, to understand the differences and advantages of the MetaTrader 5 platform in comparison to the well-known MetaTrader 4.

New markets and instruments

From the beginning, MetaTrader was intended to be a convenient and user friendly platform for trading on the Forex market. Today, it is difficult to even imagine that many years ago, in almost all other terminals, trade was conducted on demand, it was not possible to create your own technical indicators and trading robots, and opportunities for technical analysis were implemented more in words than actual actions. And so, traders who sold through other financial markets began to express a desire to sell through MetaTrader.

View full article at http://www.mql5.com/en/articles/84

MetaTrader 5 – Strategy Tester Released

admin — Mon, 21 Jun 2010 01:25:01 +0000

Recently the beta version of MetaTrader 5 Strategy Tester was released. This program is the integral part of the MetaTrader 5 Client Terminal being designed for the purposes of testing and optimization of MQL5 Expert Advisors.

With the testing you can assess the qualities of your Expert Advisor on history data before launching it in real trading. Optimization allows choosing the most profitable parameters for your Expert Advisor making it a real efficient one. The Strategy Tester is an indispensable tool for developers of Expert Advisors. It is almost impossible to develop a profitable an error-free Expert Advisor without the tester.

As compared to the tester in MetaTrader 4, the new MetaTrader 5 Strategy Tester is a more powerful and accurate tool. It has obtained the new function of distributed optimization that will be useful in work with compound Expert Advisors. Besides that, the Strategy Tester offers efficient testing of multi-currency Expert Advisors.

“The Strategy Tester is the last component from the set of required tools for efficient development of Expert Advisors. This set also includes the MQL5, MetaEditor, debugger and execution module in the MetaTrader 5 Client Terminal. The absence of a tester was the last obstacle to the wide possibilities provided by the MQL5 environment. We hope that together with the release of MetaTrader 5 Strategy Tester, the number of new MQL5 Expert Advisors will sharply increase”, – Stanislav Starikov, the senior developer of MetaTrader 4/5 terminals and MQL4/5, said.

MetaTrader 5 – Migrating from MQL4 to MQL5

admin — Mon, 17 May 2010 23:13:16 +0000

This article is a quick guide to MQL4 language functions, it will help you to migrate your programs from MQL4 to MQL5. For each MQL4 function (except trading functions) the description and MQL5 implementation are presented, it allows you to reduce the conversion time significantly. For convenience, the MQL4 functions are divided into groups, similar to MQL4 Reference.

Introduction

Many developers have accumulated a lot of indicators and trading strategies written in MQL4. To use them in Metatrader 5, they should be converted to MQL5. It’s not so easy to rewrite all programs in MQL5. It would be much easier to convert them, if there were a translation-reference, and better with examples.

In this article I would like to suggest my version of a guide to migrate from MQL4 to MQL5.

Topics Covered

Chart Periods
Declaring Contants
Predefined Variables
Account Information
Array Functions
Checkup
Client Terminal
Common Functions
Conversion Functions
Custom Indicators
Date and Time Functions
File Functions
Global Variables
Mathematical Functions
Object Functions
String Functions
Technical Indicators
Timeseries Access
Chart Operations

Read the full article at http://www.mql5.com/en/articles/81

MetaTrader Tips – Stop Orders

admin — Mon, 17 May 2010 02:09:51 +0000

How do stop orders work in MetaTrader?

Buy stop, Sell stop and Stop loss orders do NOT guarantee an order will be filled at a certain price. Your specified price is known as the stop price. Once the stop price is met or exceeded, the order becomes a market order. Market orders instruct the broker to fill the order at the next available market price.

The execution price of a buy stop, sell stop or stop loss can vary from the stop price. This occurs most commonly during significant market moves or gaps. Often these price gaps are the result of economic news releases such as the US non-farm payroll report, and may also occur over a weekend when trading is closed. Keep in mind that in a volatile market substantial losses may occur and orders may not be filled as placed.

Source: IBFX

Download MetaTrader 5

admin — Thu, 13 May 2010 04:57:30 +0000

MetaTrader 5 Beta Testing

MetaTrader 5 is at the stage of public beta testing.

Please join the testing, and help MetaQuotes to improve the new client terminal for Forex, CFD and Futures, as well as equity markets.

To download MetaTrader 5, please visit http://www.metatraderglobal.com/metatrader-5-download/

To read more about the MetaTrader 5 beta, please visit http://www.metatraderglobal.com/183/public-beta-testing-of-the-metatrader-5-terminal/

MetaTrader Tips – Time Zone Correction

admin — Mon, 10 May 2010 23:29:10 +0000

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

MetaTrader 5 – Publishing trading forecasts and live trading statements

admin — Thu, 06 May 2010 23:17:01 +0000

MetaTrader 5: Publishing trading forecasts and live trading statements via e-mail on blogs, social networks and dedicated websites

Introduction

Automatic web-publication of trading forecasts has become a widespread trend in the trading industry. Some traders or companies use Internet as a medium for selling subscribed signals, some traders use it for their own blogs to inform about their track record, some do it in order to offer programming or consultancy services. Others publish signals just for fame or fun.

This article aims to present ready-made solutions for publishing forecasts using MetaTrader 5. It covers a range of ideas: from using dedicated websites for publishing MetaTrader statements, through setting up one’s own website with virtually no web programming experience needed and finally integration with a social network microblogging service that allows many readers to join and follow the forecasts.

All solutions presented here are 100% free and possible to setup by anyone with a basic knowledge of e-mail and ftp services. There are no obstacles to use the same techniques for professional hosting and commercial trading forecast services.

1. Configuring MetaTrader 5 for E-Mail

2. Dedicated websites for publishing live MetaTrader statements

3. Publishing forecasts on websites using two best blogging platforms: WordPress and Google’s Blogger

4. Integration with Twitter, a microblogging service than many people can follow

Conclusion

After reading the article you should be equipped with a knowledge on how to publish automated trading forecasts using MetaTrader and ways to present the forecasts to the end user.

You should be able to setup Gmail’s account, integrate it with MetaTrader, you should know where to publish MetaTrader statements, how to configure and integrate Google’s Blogger or WordPress blogging platform with MetaTrader and how to integrate Twitter with WordPress.

The doors are open now and the rest is totally upon you to decide what kind of service you need and what to publish.

Have fun!

View full article at http://www.mql5.com/en/articles/80