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Traders Test Automated Forex Strategies With Expert Advisor Labs at Vantage FX

MetaTrader Global — Thu, 10 Nov 2011 06:00:42 +0000

Vantage FX UK offers an exclusive test environment for Forex traders to run the rule over Expert Advisors before using them to trade for real. In financial trading, Expert Advisors are software robots designed to automate part or all of the trading process, including Forex strategy and money management. Unique to Vantage FX account holders, [...] Related posts:

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 Tips – Expert Advisor Back Testing

admin — Tue, 17 Nov 2009 04:36:59 +0000

To back test an expert advisor (EA) follow the steps below.

Open the Strategy Tester window by pressing Ctrl+R
Select the expert advisor you wish to back test
Select the symbol you wish to back test
Select a testing model (every tick model recommended)
Set a testing period
Press Start

Reasons To Consider MetaTrader Expert Advisors

admin — Mon, 16 Nov 2009 04:10:19 +0000

The Foreign Exchange (or Forex) trading uses currency markets from a variety of countries to create a trading market where billions and billions are traded and exchanged daily. If you aim to profit from Forex trading, then you would need to own every single pip that you can get. But this is easier said than done, specially if you are new to the Forex market. 90% of traders lose their money on the Forex market because they let the rest 10% of traders to earn this money. It occurs because traders-beginners, keen by passion, rush to trade without having a Forex trading strategy. Even if they have a Forex trading strategy this strategy is usually not tested and also there is a human factor. That is why it is necessary to use MetaTrader Expert Advisors.

MetaTrader Expert Advisors or MetaTrader EAs are mechanical trading systems which completely automate the trading process on the Forex market by using unique Forex trading strategies. These trading robots trade under the control of the MetaTrader 4 trading platform. The robots operate 24 hours, non-stop. Because of this, you never miss an opportunity to get the trades.

MetaTrader EAs are very easy to acquire and use. As soon as you purchase one, all you need to do is download it, install it into MetaTrader 4, set your preferences and run the program. The important thing to note is that you will need to have an account with a forex broker that supports MetaTrader 4. The MetaTrader 4 platform has the built-in MetaTrader Expert Advisorsbased on the technical analysis, such as MetaTrader indicator. There are hundreds of forex brokers who use MetaTrader around the globe, and a couple of them should fit your trading requirements perfectly.

MetaTrader Tips – Expert Advisor Optimization

admin — Thu, 12 Nov 2009 04:03:30 +0000

Let’s look at how to optimize an expert advisor. In the example below we will look to optimize the size of stop loss and take profit.

Expert Optimization Steps

1. Open the Strategy Tester window by pressing Ctrl+R.

2. In the Strategy Tester window, select Expert Properties

3. Select the Optimized parameters ( in our example stop-loss and stop-profit)

4. Enter the initial values of the optimized parameters, step and stop

5. Close the window

6. Select Optimization

7. Choose a model for optimization ( a model “ Open prices only (fastest method to analyze the bar just completed)” corresponds to the most advisors, although for greater accuracy it is possible to test on Every tick (based on all available least timeframes) but then time of optimization substantially will be increased.

8. Press start

9. After completion of optimization, open Optimization result and choose parameters considering a highest income and minimum drawdown. (obviously income should be high and drawdown should be less)

Source: http://www.metatraderglobal.com/612/metatrader-tips-expert-advisor-optimization/

What Is Automated Trading

admin — Tue, 03 Nov 2009 04:41:12 +0000

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 in MetaTrader 5

admin — Wed, 28 Oct 2009 08:38:25 +0000

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/

Forex Hoster VPS Hosting

admin — Wed, 28 Oct 2009 08:27:59 +0000

Forex Hoster offers VPS hosting to clients across the globe. Click here for Australian based VPS hosting.

Forex Hoster offers hosting packages that give clients real-time access to their individual accounts. This gives you the ability to view, manage and trade in real-time through your broker, and host live or demo Expert Advisors.

Features & Benefits of Forex Hoster VPS Forex Hosting solution:

MT4 through a web browser (beta)
Windows Security Flaws
Virus , Spyware, Malware or other fears
Multi-Operating System Support
Real-Time Support Viewer

For more information or a demo, please visit: www.ForexHoster.com

Tips for choosing a MetaTrader Expert Advisor

admin — Wed, 28 Oct 2009 08:11:44 +0000

It is important to choose a forex trading platform that meets your requirements. There are different types of platforms that provide different facilities. The platform that you choose depends on your approach. Some platforms provide high level of details. They provide highly complex charts and indicators and complete information about the markets. If you are an expert in the FX market, this is what you would expect and this is what will help you to make trading better decisions. On the other hand, if you are new to this market, complex indicators and charts can only confuse you and make you edgy. So, you might require a forex platform that provides a simplified data and gives away tips that are understandable to even a layman.

To view the full article, please visit: http://www.metatraderglobal.com/66/tips-for-choosing-a-metatrader-expert-advisor/

MetaTrader 4 – The World’s Most Common Trading Software

admin — Thu, 22 Oct 2009 07:30:49 +0000

Off-exchange retail foreign currency (or forex) trading uses currency from a variety of countries to create a one of the most popular trading markets. We believe that traders-beginners, keen by passion, rush to trade without having a Forex trading strategy.

To view the full article, please visit: http://www.metatraderglobal.com/86/metatrader-4-the-worlds-most-common-trading-software/