MetaTrader Australia

Go Markets Price Feed Enhancement – MetaTrader Broker

admin — Tue, 09 Mar 2010 03:32:43 +0000

Go Markets News: As part of our continued plans to augment and further develop all systems, Go Markets is pleased to announce more enhancements to its Forex price feed. Working in conjunction with our various feed providers we have been able to arrange for improvements which should mean even more favourable pricing, especially during times of increased volatility and lower liquidity.

Sign up for a Free GoMarkets MetaTrader Demo account Today
Open a Live GoMarkets MetaTrader account

About Go Markets

Go Markets Pty Ltd is an Australian registered company offering a wide range of financial products to an extensive client base both here in Australia and overseas. Go Markets is an ASIC registered company (AFSL licence number 254963) that is regulated to offer financial services including Securities, Derivatives (including CFDs) and Margin FX.

To be able to offer a high level of service as standard to all of our clients we have entered into partnerships with various financial institutions that specialise in the global securities and derivatives industry.

Applying One Indicator to Another – MetaTrader 5

admin — Thu, 11 Feb 2010 04:22:34 +0000

Let’s consider a task of improving an indicator, which is applied to values of another indicator. In this article we’ll continue to work with True Strength Index (TSI), which was created and considered in the previous article “MQL5: Create Your Own Indicator“.

Custom Indicator Based on Other Indicator’s Values

When writing an indicator that uses the short form of the OnCalculate() function call, you might miss the fact that an indicator can be calculated not only by price data, but also by data of some other indicator (no matter whether it is a built-in or custom one).

Let’s make a simple experiment: attach the built-in RSI indicator with standard settings to a chart, and drag the True_Strength_Index_ver2.mq5 custom indicator to the RSI indicator window. In the Parameters tab of the appeared window specify that the indicator should be applied to Previous Indicator’s Data (RSI(14)).

Continue to read the full article at http://www.mql5.com/en/articles/15

Forex VPS Australia

admin — Thu, 11 Feb 2010 03:50:37 +0000

If you are wanting to use an Expert Advisor but don’t want to leave your computer running or if you have an unreliable internet connection, then a VPS solution is for you.

Advantages of a VPS – Virtual Private Server

- Potential for Lower Latency and Faster Execution – For clients living further from the trading servers or with slow internet connections, VPS solutions offer potentially better connection speeds.

- Remote Access – Clients can log in to their trading platform from anywhere, even if MT4 is not installed on the computer you are using.

- Reliability – Most VPS providers maintain 99.9% up-time, clients can benefit from a more reliable connection throughout the trading sessions.

Visit our Forex VPS Hosting page for packages and to find out more.

The BID and the ASK Explained

admin — Mon, 08 Feb 2010 06:56:05 +0000

All Forex quotes have two parts, the BID and the ASK.

The Bid is the price at which you (as the trader) will open a sell. The Ask is the price at which you will open a buy. The difference between the bid and the ask price is known as the spread.

Interbank FX Margin Calls Explained: What Sets IBFX Apart

admin — Mon, 08 Feb 2010 06:54:21 +0000

IBFX Forex margin calls are significantly different than margin calls in other markets. We do not call our clients to warn them their equity has fallen to dangerously low levels. The leveraged nature of Forex trading does not allow time for a traditional margin call.

Accounts trading with 100:1 margin levels are subject to a margin call when the equity in the account is equal to or lower than 50% of the margin posted. Once this unfortunate situation occurs the Interbank FX trader 4 platform closes trades automatically. Trades are closed in order beginning with the largest loss trades are closed until the equity in the account exceeds the 50% threshold.

IBFX ’s margin call policy is in place for the protection of our clients. Margin calls are made with the intent of preventing a client’s account from falling into a negative balance situation. Our margin call policy does not eliminate the potential risk that losses will exceed the amount of the deposit. Margin calls are merely our attempt to prevent such unfortunate situations.

The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses.

Free IBFX Demo Account
Open a Live IBFX Account

Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available.

MetaTrader Tips – Understanding MetaTrader Charts

admin — Mon, 08 Feb 2010 06:47:55 +0000

The current price shown on an MT4 chart is the bid price. When looking at a price bar or candle, you must add the spread to the high bid price to know what the high ask price would have been, or add the spread to the low bid price to know what the low ask would have been.

If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop loss if you are taken out of the trade. For example with a stop loss of 1.4580 on the EURUSD once the chart reached 1.4578 (2 pip spread) you would be taken out of the trade at 1.4580. Your take profit would not trigger until the ask price hits. For example with a take profit of 1.4540 on the EURUSD once the chart reached 1.4538 (2 pip spread) you would be taken out of the trade at 1.4540. These examples are based on our spread shown under normal market conditions. Our spreads are not fixed and will fluctuate with news or other high / low volume conditions.

If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.

MetaTrader Tips – Trade Context is Busy Message

admin — Mon, 08 Feb 2010 06:45:45 +0000

You receive the “Trade context is busy” message when you try to process two or more orders at the same time. If you have placed a trade and do not wait until it processes completely and then try to place the same trade or a different trade, the commands go into a loop and you get “Trade context is busy”. The only solution is to close down the platform and restart it.

MetaTrader Tips – MetaTrader 4 Hot Keys

admin — Mon, 08 Feb 2010 06:43:10 +0000

Hot keys (accelerating keys) are keys and their combination’s that allow you to execute various commands fast and without the use of menus or toolbars. Here is a lit of some very useful hot keys for the MT4 platform:

Left Arrow — chart scrolling to the left;
Right Arrow — chart scrolling to the right;
Up Arrow — fast chart scrolling to the left or, if the scale is defined, chart scrolling up;
Down Arrow — fast chart scrolling to the right or, if the scale is defined, chart scrolling down;
Page Up — fast chart scrolling to the left;
Page Down — fast chart scrolling to the right;
Home — move the chart to the start point;
End — move the chart to the end point;
“-” — chart zoom out;
“+” — chart zoom in;
Delete — delete all selected graphical objects;
Backspace — delete the latest objects imposed into the chart window;
Esc — close the dialog window;
F8 — call the chart Properties window;
F9 — call the “New Order” window;
F11 — enlarge and minimize the chart window;
Ctrl+B — call the “Objects List” window;
Ctrl+F — enable “Crosshair”;
Ctrl+G — show/hide grid;
Ctrl+I — call the “Indicators List” window;
Ctrl+P — print the chart;
Ctrl+Y— show/hide period separators;
Ctrl+Z — undo an object deletion;

Source: www.alansforexblog.com

GoMarkets MT4 FX Trading Conditions

admin — Mon, 08 Feb 2010 02:06:04 +0000

Please find below a summary of GoMarkets FX trading conditions.

Sign up for a Free GoMarkets MetaTrader Demo account Today
Open a Live GoMarkets MetaTrader account

Please note that a volume of 1 lot = 100,000 of the first named currency. Mini + Micro lots are available. For further information, please contact GoMarkets.

Spreads on the MT4 platform are variable with feeds coming through from as many as 70 institutions. Spreads on the majors can go below 1-pip during liquid times, and typical spreads are listed below. Please note that MT4 platform works on a 5 decimal system, for example: EURUSD may give a price of 1.39913/1.39919, meaning a spread of 0.6 pips.

Currency Pair	Typical Spread
AUDCAD	5.0
AUDCHF	3.5
AUDJPY	3.7
AUDNZD	8.0
AUDUSD	1.5
CHFJPY	3.5
EURAUD	4.5
EURCAD	6.0
EURCHF	3.2
EURGBP	2.8
EURJPY	3.4
EURNZD	14.0
EURUSD	1.0
GBPAUD	6.0
GBPCAD	10.0
GBPCHF	5.0
GBPJPY	5.5
GBPNZD	14.0
GBPUSD	2.0
NZDJPY	5.5
NZDUSD	3.5
USDCAD	3.5
USDCHF	1.5
USDJPY	1.5
USDSGD	6.0
USDTRY	40.0
XAGUSD	5.0
XAUUSD	50

1 – For details of current swap rates, please view the instrument properties through the MT4 platform, or contact GoMarkets.
2 – For details of current automatic margin stop-out procedures, please contact us. Due to increased volatility margin call stop-outs are subject to change.
3 – Spreads are subject to change should market conditions determine.

GoMarkets now offers 500:1 leverage

admin — Mon, 08 Feb 2010 01:45:19 +0000

News: GoMarkets now offers 500:1 leverage

Sign up for a Free GoMarkets MetaTrader Demo account Today
Open a Live GoMarkets MetaTrader account

About GoMarkets