In a move to expand their overall product offering, Synergy FX now offers their Standard Account and an ECN Account.

Importantly, forex traders have the opportunity to practice their trading in either account in the Synergy FX forex demo account.

Suitable for all style of traders, the demo environment is ideal for both currency trading for beginners as well as professional traders to test their forex trading strategies in a practice environment before switching over to the live account.

Manual traders can access Meta Trader 4′s wide range of technical indicators and powerful charting tools to test and confirm their trading decisions.

For automated forex trading strategies such as Expert Advisors and forex robots, traders can import the forex trading system onto the Synergy FX Meta Trader 4 platform to test the programme in the demo environment.

Source: www.sfgate.com

Source: www.ibfx.com

Registration for participation is open from June 1 to September 23, 2011, and is free of charge. The Championship will start on the 3rd of October and will end on the 23rd of December.

Sponsored by MIG Bank, Go Markets Pty Ltd, Vantage FX and Forex-TSD, the Automated Trading Championship 2011 is developed in the MQL5 language for programming trading strategies. The main goal of the Championship is to popularize automated trading. The competition allows solving another important task – accumulation of unique information about the most significant achievements in the field of trading robots creation, because the Automated Trading Championship provides an unprecedented opportunity for the best professionals to test their theories in practice.

From year to year, struggling for the prize of $80,000, hundreds of users from all over the world submit their MQL-developments for the Championship. However, this year’s Championship will be special. This will be the world’s first competition of trading robots able to trade not only on the Forex, but also in the stock market. Moreover, the extended functionality of the MetaTrader 5 client terminal and the release of the MQL5 Wizard will entail a significant increase of the number of Participants.

“Over 300 Expert Advisors participated in the previous Championship”, Stanislav Starikov, the Championship Jury member, said.

“This year the number will increase substantially – we expect to receive several thousands of applications for participation. The reason for this surge lies in the recently released MQL5 Wizard, using which any trader without programming skills can easily create a trading robot. Though, this would not guarantee a victory in the Championship, of course,” Starikov said.

Source: www.ibtimes.com

With the release of the Wizard the distance between a trader and an MQL5 Programmer has been reduced to a minimum. These new features open up new horizons to ordinary traders. All the exciting technologies that used to be the prerogative of experienced EA developers, are now available to the large army of traders. All that you need for creating your own robot is the MetaTrader 5 Client Terminal and a few minutes. In just a few clicks you can create a trading robot based on any elaborate strategy.

This is a truly revolutionary step in the development of automated trading. Never before has this technology gone beyond the scope of MQL-developers. Now the rich functionality of the MQL5 environment is available to any trader. Install the MetaTrader 5 Client Terminal and start writing your own Expert Advisors. And it does not matter whether you have programming skills or not.

“We have decided to make automated trading available to a wide range of traders , – says Renat Fatkhullin, CEO of MetaQuotes Software Corp. – We in MetaQuotes have done a lot to catalyze the development of automated trading. But the most important step is just beginning – automated trading goes beyond the community of MQL-developers and is becoming finally available to the masses!”

Source: www.metaquotes.net

MetaTrader 4 has many features that can aid you save age during trading, today we are going to gaze at Templates and Profiles.

With Templates you will save a abundance of age by customizing all aspects of your charts, you can employ it for setting up different views of the chart, you can also load different sets of indicators and experts for each template.

You could have templates with different combinations of indicators and expert advisors and switch from one locate to another very quickly by just fair clicking on the chart on and then choosing the different template.

The best employ of templates is to locate up a Template with the designation default, if you have a template named default, MT4 will load the default template every age you open a fresh chart from the Market Watch window.

You can also open distinct customized charts and then save the collection of charts as a Profile. Prof iles can be used for example when you like to switch from a manual trading strategy where you have many indicators and chart customizations to an expert advisor trading style for when you are away from the machine.

Let’s go over the things that will be saved in a Template:

* Period: Is only saved for the default chart, if you applied a template to a open chart the period will not alter.

* Colors: You can alter the color of the chart background, Foreground, Grid , Bars, Volume, Inquiry lines and Stop levels by pressing F8 or fair clicking on the chart and choosing Properties, you will find the color settings under the COLORS TAB.

* Charts Parameters: You can alter the scale, auto-scroll, chart shift, type of bar/candle, OHLC, exhibit of the Inquiry Border, period separators , grid , volumes and more by pressing F8 or fair clicking on the chart and choosing properties, these settings will be under the COMMON TAB.

* Indicators: You can place any number of indicators and customize every indicator parameter.

* Expert Advisors: You can place an expert advisor on the charts and all its parameters on the Common and Inputs tabs will be saved.

Notice: Be very carefully when placing an expert Advisor on the default template, since every age you open a fresh charts that expert advisor will run immediately.

There are many more uses of templates and profiles, you can save age and avoid errors by using these techniques on your daily trading.

Pepperstone a leading provider of online foreign exchange (FOREX, FX) trading services, has announced the launch of Multi Account Manager (MAM) trading on the popular MetaTrader 4 platform for clients across the globe.

Pepperstone is pleased to announce the launch of another service called Multi Account Manager (MAM). The system being offered by Pepperstone is a trading software solution which offers a flexible and user friendly interface, allowing the simultaneous viewing, trading and tracking of multiple accounts. This is key for asset managers and professional traders of managed accounts who may need to trade multiple accounts simultaneously with a single order at the same price.

Specificly designed for Money Managers that utilize the Metatrader 4 platform – MAM is ideal for traders that manage multiple accounts utilizing Expert Advisors (EA’s). MAM broadens the functionality of the Metatrader 4 Platform by enabling the Money Manager to effectively trade and manage multiple accounts from a single MT4 interface.

Owen Kerr, CEO of Pepperstone, says of the MAM software: “This solution gives our asset managers and professional traders a considerable advantage and time-saving tool. Using MAM, they can easily and immediately take advantage of market conditions and opportunities across several trading accounts”

Pepperstone is one of the fastest growing providers of online foreign exchange (“FOREX”, “FX”) trading services globally. The catalyst behind Pepperstone’s success has been the dedication to invest in institutional-level online trading technologies and to deliver world-class customer service. Individual traders, money managers and institutional clients worldwide benefit from an Award winning platform, Meta Trader 4, and from comprehensive market analysis as well as educational tools to enhance their online trading experience.

“The retail Forex market is maturing rapidly, and clients are beginning to ask for more than what the traditional forex brokers are offering. They want a complete package,” says Owen Kerr “To go beyond what our competition offers, we provide access to FX market liquidity previously reserved for top tier financial institutions only. We believe this is unique for a retail Forex service provider, and this is not only a result of Pepperstone’s efforts to enrich its institutional-level service offering to retail customers – it is yet another sign of the emerging importance of retail Forex.”

Source: www.americanbankingnews.com

In late October 2010, as part of the MetaTrader 5 Client Terminal, the MQL5 Wizard was released. This wizard is designed for automatic generation of an Expert Advisor code. With MQL5 Wizard, knowledge of programming languages is no longer a prerequisite for creating trading robots. Earlier it really was an impassable obstacle to creation of trading strategies, but the release of the MQL5 Wizard changed the situation radically. With the new Wizard, the programming experience is not required – the application will do all the necessary work to create an Expert Advisor.

The main advantage of the Wizard is its convenience. The program allows to significantly simplify the process of trading robots development, creating different Expert Advisor modules for you. All you need is set the required parameters and select the necessary components – and the MQL5 Wizard will do the rest. The creation of trading robots has never been so fast and simple. Only four clicks – and the Expert Advisor trading according to your strategy is ready!

Source: http://www.metaquotes.net/en/metatrader5/news/3650

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

Related posts:

1. MetaTrader Tips – Expert Advisor Optimization
2. Time saving tips for MetaTrader 4 – Templates
3. MetaTrader 4 Tips
4. MetaTrader Tips – Expert Advisor Back Testing
5. Tips for choosing a MetaTrader Expert Advisor

This present textbook will help you create your own Expert Advisors, scripts and indicators and incarnate in them your ideas – your trading algorithms. The textbook is intended for a large number of readers without experience in programming that want to learn how to develop automated trading applications for MetaTrader 4 Client Terminal. The textbook is designed in such a method that to make learning MQL4 as convenient and consequent as possible.

Download the MQL4 for Dummies textbook

Related posts:

1. MQL4 Tutorial – Introductory Course
2. What Is Automated Trading
3. Learning programming for the Metatrader 5
4. Metatrader Expert Advisor: How It Works
5. MetaTrader Tips – Expert Advisor Installation

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

Related posts:

1. MetaTrader Tips – Expert Advisor Optimization
2. A MetaTrader Tutorial For Back -Testing Forex Trading Methods
3. Tips for choosing a MetaTrader Expert Advisor
4. MetaTrader Tips – Expert Advisor Installation
5. Traders Test Automated Forex Strategies With Expert Advisor Labs at Vantage FX