MetaTrader Australia » Timeframes

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/

Metatrader 5 Development – Interview with Stanislav Starikov

admin — Thu, 01 Oct 2009 02:45:08 +0000

The new Metatrader 5 platform and the MQL5 language are nearing the end of development and will be probably launched in fall 2009. MT5 will replace MT4 and the new code is completely written from scratch. The bad point is that MT5 will be not compatible with MT4. This means that every indicator and expert advisor needs to be rewritten to work with the Metatrader 5 platform.

Metatrader 5 features

High performance and outstanding working speed
3 chart-types, 21 timeframes and over 70 analytical tools
5 order types and 4 execution modes available for trading operations on different markets (forex, options, futures and stocks)
Advanced built-in reports on all trading activities
MQL5 development environment with new IntellySence system and more advanced strategy tester

To view the full article, please visit: http://www.metatraderglobal.com/176/metatrader-5-development-interview-with-stanislav-starikov/

Source: MetaTrader Global – www.MetaTraderGlobal.com

Depth of Market (DOM) – MetaTrader 5

admin — Sun, 14 Jun 2009 23:16:16 +0000

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