MetaTrader Australia » Market Depth http://www.MetaTrader.com.au All about MetaTrader Mon, 06 Feb 2012 01:43:29 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Depth of Market (DOM) – MetaTrader 5 http://www.MetaTrader.com.au/126/depth-of-market-dom-metatrader-5/ http://www.MetaTrader.com.au/126/depth-of-market-dom-metatrader-5/#comments Sun, 14 Jun 2009 23:16:16 +0000 admin http://www.MetaTrader.com.au/?p=126
  • Metatrader 5 Development – Interview with Stanislav Starikov
  • MetaTrader 5 – Next Generation Forex Trading Platform
  • First broker to use MetaTrader 5 – Alpari Russia
  • Markets247.com Has Opened its Doors to the Forex Market
  • MetaTrader 5 Client Terminal – First Screenshots and Information
    • ]]>     Important Note: MetaTrader 5 is in testing and the below are goals of the new platform and will MetaTrader 5 still be subject to market conditions and broker setup.

    This week I will try to give some insight into what these features really are and how they might impact your trading.

    Up first, the new Depth of Market (DOM) feature. What DOM affords a stock trader is a view of current market activity for a particular stock.  Market depth information is generally not available for retail Forex traders because their is no central exchange from which to derive the data.  The best a Forex broker can do is provide a mechanism to show a consolidated view of available orders from their liquidity providers. A small broker, for example, with only one liquidity provider is more restricted in what they can offer a trader.  Since their pool of orders is smaller, the trader may not get an order filled at the price requested.  A broker with more liquidity providers will have a larger pool of orders from which to match a trader’s order and trading generally runs smoother.  Fewer requotes and less slippage.

    Tradeview Forex’s Platinum trading platform offers DOM information, but market depth data has been generally unavailable to retail traders up to this point.  MT5 will change all that.  Here’s an example of how it might help you as a retail trader.

    Let’s say, for example, that you want to place a buy order for 1 lot EUR/USD and the market depth window on the platform indicates that, on the buy side, there are 10 lots available at 1.4000.  Knowing this information, you can feel assured that your request to trade 1 lot can be immediately filled at 1.4000.  There’s no requote and no slippage.  You should then see the DOM window reflect the change in buy-side order availability.  With your current MT4 broker, and no market depth information, the retail trader really has no idea of what the market conditions really are other than what is evident from analyzing the trading chart.

    Access to market depth information can take a lot of anxiety out of the trading environment and potentially change a lot of traders’ strategies.

    In part two, I’ll try to shed some light on MT5’s 21 timeframes and how this feature could make a big difference in your trading.

    Source: Forex Magnets

    MT5 is in testing, and the above are goals the new platform has

    Related posts:

    1. Metatrader 5 Development – Interview with Stanislav Starikov
    2. MetaTrader 5 – Next Generation Forex Trading Platform
    3. First broker to use MetaTrader 5 – Alpari Russia
    4. Markets247.com Has Opened its Doors to the Forex Market
    5. MetaTrader 5 Client Terminal – First Screenshots and Information

    ]]>     http://www.MetaTrader.com.au/126/depth-of-market-dom-metatrader-5/feed/ 0     MetaTrader 5 Client Terminal – First Screenshots and Information http://www.MetaTrader.com.au/113/metatrader-5-client-terminal-first-screenshots-and-information/ http://www.MetaTrader.com.au/113/metatrader-5-client-terminal-first-screenshots-and-information/#comments Thu, 11 Jun 2009 10:20:37 +0000 admin http://www.MetaTrader.com.au/?p=113
  • New Version of MetaTrader 4 Client Terminal Build 399
  • Public Beta Testing of the MetaTrader 5 Terminal
  • New MetaTrader 4 Client Terminal Build 226 Released
  • MetaTrader Tips – Minimize Terminal Window
  • MetaTrader 5 Beta Screenshots
    • ]]>     MetaQuotes has published the first official screenshots and feature information about the MetaTrader 5 Client Terminal.

    Metatrader 5

    Two years ago we started the development of MetaTrader 5 platform. Now this work is approaching completion and by autumn we are planning to release the new platform. Beta testing of the new client terminal and MQL5 development environment starts in summer.

    The trading system of the MetaTrader 5 terminal was re-written from scratch, as well as the whole platform. As compared to MetaTrader 4, trading possibilities of the new terminal are much wider. First of all, the MetaTrader 5 terminal allows working in various markets. Directly from the terminal you will be able both to execute trading operation in Forex and work with options, futures and stocks.

    MetaTrader 5 Client Terminal

    Secondly, in addition to already familiar Market Watch, the Depth of Market will be available in MetaTrader 5. This tool is necessary for working in stock markets. Thirdly, the order system is extended: the total number of order types is equal to 5 (in MetaTrader 4 there are 4 types of orders).

    MetaTrader 5 terminal supports 4 types of operation execution: Market, Instant, Request and Exchange. The new execution type Exchange is developed for processing trade operations with stock symbols.

    Profound differences between notions of position, order and trade appeared in MetaTrader 5. Order is a request to execute a trade operation, the result of which can be a trade. A position is the total state of trades on a certain financial security. Any financial security can have only one position.

    Trade positions in MetaTrader 4 and MetaTrader 5
    Differences between trade positions in MetaTrader 4 and MetaTrader 5

    Special reports are available in the new terminal for the convenient analysis of trading activities. Reports show not only initial and final deposit values, but also other parameters. Using these reports, you will know such results of your trading as, for example, GHPR, Z-score, Profit Factor and others.

     

    Analytics

    Analyzing price dynamics of financial securities is the most important component of a successful trading experience. In MetaTrader 5 we tried to provide traders with as many analytical tools as possible.

    Analytics in MetaTrader 5:

    • 21 timeframes
    • 38 technical indicators
    • 39 graphical objects
    • 4 scaling modes
    • 17 styles of displaying Custom Indicators

    Three types of charts are available in MetaTrader 5: broken line, Japanese candlesticks and bars. For the analysis of these data 38 built-in indicators, 39 graphical objects and the large variety of MQL5 indicators can be used. All these analytical tools can be combined in different ways: objects can be applied to indicators; indicators can be built on the basis of other indicators and so on.

    The history of quotes in MetaTrader 5 is stored only in M1 form and all charts are built based on them. This solution allows extending the number of timeframes up to 21, so that any period from minute to month can be used to analyze quotes. The main limitation on timeframes is their multiplicity: one hour must contain the integer number of minute periods. The following timeframes comply with this rule: M1, M2, M3, M4, M5, M6, M10, M12, M15, M20 and M30.

    Besides, format of history data storing in MetaTrader 5 is space-efficient. For example, M1 history of GBPUSD quotes for ten years occupies about 10 MB only. This history being downloaded once, you will be able to build any charts on this symbol starting from M1 till MN1.

     

    Autotrading

    The integrated development environment MQL5 is responsible for the development and use of Expert Advisors, custom indicators and scripts in MetaTrader 5. It includes MetaEditor 5, MetaTrader 5 Strategy Tester and MetaQuotes Language 5 (MQL5).

    The MQL5 language for programming trading strategies is distinct for high speed of execution and approaches C++ in terms of this parameter. As compared to MQL4, the new language is 4-20 times quicker. This allows using more complex Expert Advisors able to process large amounts of data per time unit and therefore obtain more precise forecasts of price dynamics. Besides, the new language is object-oriented which makes the development of Expert Advisors quicker and easier.

    MetaEditor 5: Debugging an Expert Advisor

    For writing Expert Advisors MetaEditor 5 is used, which includes the new IntellySence system. It automatically completes various constructions of the language thus quickening the EA development process. The built-in debugger allows to quickly find errors and fix them. After the EA is ready and its compilation is performed, it automatically appears in the terminal and can be immediately started to work in the market.

    MetaTrader 5 Strategy Tester is a very powerful tool for any developer of Expert Advisors. It helps to obtain results of an EA behavior on the history before using it in real trading. Detailed reports on a trading system allow to estimate the Expert Advisor and detect its weak points, as well as to compare the EA with other developments. Besides, optimization of Expert Advisors allows to define the most efficient parameters of their variables and make the EA maximally profitable.

    Source – http://www.metatrader4.com/forum/

    Related posts:

    1. New Version of MetaTrader 4 Client Terminal Build 399
    2. Public Beta Testing of the MetaTrader 5 Terminal
    3. New MetaTrader 4 Client Terminal Build 226 Released
    4. MetaTrader Tips – Minimize Terminal Window
    5. MetaTrader 5 Beta Screenshots

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