I need a quick trading platform that always shows real trading chart for any market session. Besides, I hate slippage. That means, I need a friendly trading platform. But, it’s true now days it’s not available like market maker trading platform. At last, I managed TradingBanks broker which regulated broker has this kind of basic facilities with exclusive trading offers.
-
The Forex, Binary Options Forum - welcomes you to our Community!DigitalCashPalace Forum is dedicated to discussions about Forex, Binary Options, commodities, stocks related.
Please take a look around, and feel free to .
Trading Platforms?
- Thread starter brendonmice
- Start date
For trading platform i would say meta trader 4. It is the best for trading. It is easy to the eye and lots of tools are out there for traders. Also one can customize it according to his needs.
Make Your Own "GRAIL"
Section "Freelance» in MQL5.community - any whim for your money!
Section "Freelance» in MQL5.community - any whim for your money!
What is required:
- an indicator of levels of wave formations
- to complement an advisor for scalping in the stock markets,
- to collect statistics on currency pairs,
- to write an advisor for testing of graphical objects,
- to improve the indicator for the analysis of Japanese candles ...
These and thousands of other various tasks are given by traders to programmers in the "Freelance" section of the MQL5.community portal. (One can get to it either directly on the Internet address, or through a variety of services built into the terminal MT4 and MT5).
"Freelance" is a section worthy of separate consideration, since (as, indeed, other sections of the portal as well) it is a very useful resource for those who seek to automate their trading on Forex.
We will not go into the debate, what is better: to trade manually or automatically. We will just mention that the algotrading frees the trader from having to sit at the computer all days long, and also relieves the process of trading of such a harmful factor as human emotions. Whatever passionsin the market, the adviser (or robot, whatever you like) will strictly follow the algorithm incorporated in it, 24 hours a day, 5 days a week.
Moreover, the algorithm inherent in an advisor can be tested in a few minutes. If the algorithm has not left the confines of the brain, one can wait for the test results forever.
Generally, in our case, the algorithm - is the keyword, which determines whether the algotrading will bring profits or losses.
Of course, you can not spare yourself of unnecessary problems and take advantage of (free or for money) a ready advisor, which is very easy - just press the tab "Market" at the bottom of the terminal MT4 and MT5, and you will encounter "many kilometres of shelves" filled with a wide range of products . But, when the brain is swelling from creative ideas, it is much more interesting to put them into practice by creating your own unique advisor - the "Holy Grail", which will bring to you (and only you!) fame, wealth and prosperity.
There is only one problem: you are a trader, not a programmer and you do not know the language MQL5, which is used for all programsfor MT4 / MT5. Here help from the section "freelance" comes around.
Of course, there are lots of ads on the Internet by programmers who are ready for a reasonable price (and sometimes not very reasonable, meant for "dummies") to perform a job for you. But the advantage and fundamental difference of the "Freelance", is the fact that it is a labor exchange for programmers who are ready to fight for the right to execute your order.
It's like an auction: You place (absolutely for free!) an application with a description of what you want to get (see examples at the beginning) and denote the price you are willing to pay for this work. For example: "Needed a break-adviser on fractals for futures trading. The budget - no more than $30. " You can also specify the desired date for executing the work, for example, 3 days.
Then everything happens like when fishing - you throw a baited hook and watch whom of programmers you will get. Analysis of the statistics shows that the average of bites is from 15 to 25. At the same time, programmers may simply agree to your terms, or put forward their own. Moreover, they can be either better or worse than the primary terms - for example, not $ 30, but 20 or 50 and the deadline - not 3 days, but a week ... As evidenced by all the same statistics, the fastest of all jobs was executed ... in 1 minute!
Of course, such fast food is rather an exception, but the portal allows you to select a programmer not in blind, but having learnt his detailed "creative biography" - what work he has already done previously, at what price, in what time and what responses he received from customers.
And if we really do statistics, it should be said that most of the applications is performed, depending on the complexity, at the price from $15 to $100 in up to 5 days.
In conclusion, let me share another personal observation.
There is a common opinion that programmers are not engaged in forex trading, and they only embody the specific programs that traders tell them. My experience fully agrees with this. For an experiment, I placed an application in the "Freelance", according to which an Expert Advisor for opening "locks" was required. In two days I received about 30 offers from experts who were ready to undertake the work on my algorithm. After recognizing that there is no algorithm and I was prepared to pay for its development separately, the number of offers sharply reduced to ... zero.
The conclusion is the same: any trader, before ordering the work in "freelance" should clearly phrase not only what he wants to get in the long run, but also how it should be achieved. And the more competently and in detail all possible actions and situations will be considered in the algorithm, the more likely you are going to end up with exactly the adviser you wanted to receive.
And finally a few figures that are more likely to be of interest to programmers who know the language MQL5. A programmer who actively works in the "freelance"has performed an average of 500 to 1,000 orders at an average cost of about $ 50 each, earning thus from $25,000 to $50,000.
Should I go on? Or is everything clear?
Now, I am trying to reduce my loss by learning. Because, in this trading stage, without learning there is no alternative way to reduce loss at all. Now, I am very busy in Forex eBook that is my most effective educational facility and, I am getting it from my trading platform GCI. From that, I am acquiring trader’s psychology and the behavior with essential terms and concepts.in addition, I also have gathered from this didactic lesion, the most accurate successful trading tips which I always in my trading time for making profit constancy. By gathering this powerful knowledge, I do believe, in a short time, I will recover my loss by trading.
MT4 platform is quiet good and easy in use but if you looking for a more professional soft - you'd better check out Ninja Trader.
Ninja trader is not common for testing. I have been seeing it for a long time but never tested it yet. What i have read about it is some people like it and prefer it over meta trader 4.
Notes of a Stingy Trader
Many will definitely remember how Alice fell through the rabbit hole and found herself in a new world, full of new and hitherto unknown possibilities.
Talking about the possibilities of the MT4 and MT5 platforms, these platforms possess a whole host of such holes: one just has to look at the bookmarks at the bottom of the terminal. One of them is called ‘Market’, which perfectly reflects its function, since it leads to a shopping centre, in which the shelves are full of hundreds of products, all of which are very useful for those calling themselves “traders”.
To be more precise, the on line store on the mql5 portal currently offers more than 5000 products, amongst which there are more than 700 indicators, 400 robot-advisers, scripts and other programs, as well as dozens of specialized books and journals on various financial topics.
The official opening of the MetaTrader Market occurred in the start of 2012 and by the middle of last year more than 6300 ‘products’ had already been sold on that market, with their cumulative value exceeding half a million dollars. The amount of sellers offering products on this market is approaching one thousand, whilst the number of buyers has already far exceeded 25000. In my opinion, these rather commanding figures make obvious that this hypermarket possesses truthfully useful and essential tools for any trader.
To be honest, I am not a big fan of paying money for anything, and prefer downloading various advisers free from the internet. On the other hand, I would like to stress that not even one – not one! - of my free advisers has delivered me so much as a penny of profit. Moreover, having seen two or three deposits go down the drain I realized that it is time to put a stop on experiments with my own wallet, and decided to take an introductory tour of the MetaQuotes ‘Market’.
Why did I like it?
1. Because it is quite easy to sort products by categories. For example, ‘MT4-advisers- popular, new, free, paid’ (notice, the market also offers free advisers!). Having gone through this chain of filters you can easily find what interests you personally.
2. Because there is a substantial amount of information on every product, which is not limited just to ‘sample’ fragments of statements or authors’ descriptions, but includes also full data on online-monitoring and comments from traders who have either already purchased or simply tested a given adviser or indicator. Such information is vastly more objective than promotional texts, which aim simply to praise the product of the seller.
3. Because prior to purchasing an advisor or an indicator you can test them absolutely for free. This also provides us with two numbers that enable us to evaluate the quality of a given product: the count of how many demo-versions have been downloaded as opposed to how many actual purchases have been made (activations). Let’s assume, for example, that 1000 demo-versions have been downloaded, after which 1000 actual purchases have been made we can safely say that the given product has satisfied the needs of traders by 100%, both in terms of quality and in terms of price. If, on the other hand there have been 0 purchases then one should definitely decide against acquiring this adviser or indicator.
4. As has already been mentioned, I am quite stingy (or greedy) and dislike throwing around my money. For this reason “Market” has become quite attractive to me since one can, instead of purchasing, can… rent the products offered for a month, half a year or a year. Rent-test-like-buy. Do not like-forget: the loss is not big at all!
5. One more relatively minor, but extremely pleasant feature is the ability to dispel myths. Amongst traders there exists a legend that if you buy an adviser priced at 10, 20 or 30 thousand dollars it will definitely end up being the ‘Holy Grail’ that will grant you multiple millions. Here it is apt to remember Alice and the Wonderland in which she found herself in at one point in her life. So that you do not find your mind wondering off to Wonderland and that it stays, instead, in reality ‘Market’ allows you to satisfy your curiosity by testing advisers priced at tens of thousands of dollars absolutely for free. I am not going to berate them, nor am I going to praise them. Simply test them and decide for yourself on whether they are worth your money or not.
Finally, allow me to poor a couple of spoons of tar into this barrel of honey (what can we do without them!)
Spoon #1: The average purchase price on “Market” is around 85 USD. This is, of course, not several hundred or even several thousand, but it is still a hefty sum. Therefore, prior to completing a purchase I strongly recommend making use of all the services ‘Market’ offers for the evaluation of a product’s quality.
Now, Spoon #2: As claim the makers of this service, the key concept in ‘Market’ is Activation. In other words, buying a product, you are not buying a product (with apologies for the mediocre rhyme) but instead you are (quote): “acquiring the right to use it an unlimited number of times, but on a limited number of computers (devices?). One activation means that you can use a product on one computer without any constraints. You will be unable to download a copy of the product onto another computer, and manually copying the file onto another machine will similarly result in it not opening.”
What can one say? I think that those who are familiar with the term ‘copyist’ can now give a sly smile. Especially since those ‘copyists’ can also be purchased on ‘Market’ without any problems whatsoever.
Believe me: I am not calling anyone to do anything. I am merely trying to compare the arguments ‘for’ and the arguments ‘against’ from the perspective of a stingy trader. The truth, as per usual, lies somewhere in the middle, and when we find it we certainly be able to save (and possibly earn) quite a large amount of money.
Many will definitely remember how Alice fell through the rabbit hole and found herself in a new world, full of new and hitherto unknown possibilities.
Talking about the possibilities of the MT4 and MT5 platforms, these platforms possess a whole host of such holes: one just has to look at the bookmarks at the bottom of the terminal. One of them is called ‘Market’, which perfectly reflects its function, since it leads to a shopping centre, in which the shelves are full of hundreds of products, all of which are very useful for those calling themselves “traders”.
To be more precise, the on line store on the mql5 portal currently offers more than 5000 products, amongst which there are more than 700 indicators, 400 robot-advisers, scripts and other programs, as well as dozens of specialized books and journals on various financial topics.
The official opening of the MetaTrader Market occurred in the start of 2012 and by the middle of last year more than 6300 ‘products’ had already been sold on that market, with their cumulative value exceeding half a million dollars. The amount of sellers offering products on this market is approaching one thousand, whilst the number of buyers has already far exceeded 25000. In my opinion, these rather commanding figures make obvious that this hypermarket possesses truthfully useful and essential tools for any trader.
To be honest, I am not a big fan of paying money for anything, and prefer downloading various advisers free from the internet. On the other hand, I would like to stress that not even one – not one! - of my free advisers has delivered me so much as a penny of profit. Moreover, having seen two or three deposits go down the drain I realized that it is time to put a stop on experiments with my own wallet, and decided to take an introductory tour of the MetaQuotes ‘Market’.
Why did I like it?
1. Because it is quite easy to sort products by categories. For example, ‘MT4-advisers- popular, new, free, paid’ (notice, the market also offers free advisers!). Having gone through this chain of filters you can easily find what interests you personally.
2. Because there is a substantial amount of information on every product, which is not limited just to ‘sample’ fragments of statements or authors’ descriptions, but includes also full data on online-monitoring and comments from traders who have either already purchased or simply tested a given adviser or indicator. Such information is vastly more objective than promotional texts, which aim simply to praise the product of the seller.
3. Because prior to purchasing an advisor or an indicator you can test them absolutely for free. This also provides us with two numbers that enable us to evaluate the quality of a given product: the count of how many demo-versions have been downloaded as opposed to how many actual purchases have been made (activations). Let’s assume, for example, that 1000 demo-versions have been downloaded, after which 1000 actual purchases have been made we can safely say that the given product has satisfied the needs of traders by 100%, both in terms of quality and in terms of price. If, on the other hand there have been 0 purchases then one should definitely decide against acquiring this adviser or indicator.
4. As has already been mentioned, I am quite stingy (or greedy) and dislike throwing around my money. For this reason “Market” has become quite attractive to me since one can, instead of purchasing, can… rent the products offered for a month, half a year or a year. Rent-test-like-buy. Do not like-forget: the loss is not big at all!
5. One more relatively minor, but extremely pleasant feature is the ability to dispel myths. Amongst traders there exists a legend that if you buy an adviser priced at 10, 20 or 30 thousand dollars it will definitely end up being the ‘Holy Grail’ that will grant you multiple millions. Here it is apt to remember Alice and the Wonderland in which she found herself in at one point in her life. So that you do not find your mind wondering off to Wonderland and that it stays, instead, in reality ‘Market’ allows you to satisfy your curiosity by testing advisers priced at tens of thousands of dollars absolutely for free. I am not going to berate them, nor am I going to praise them. Simply test them and decide for yourself on whether they are worth your money or not.
Finally, allow me to poor a couple of spoons of tar into this barrel of honey (what can we do without them!)
Spoon #1: The average purchase price on “Market” is around 85 USD. This is, of course, not several hundred or even several thousand, but it is still a hefty sum. Therefore, prior to completing a purchase I strongly recommend making use of all the services ‘Market’ offers for the evaluation of a product’s quality.
Now, Spoon #2: As claim the makers of this service, the key concept in ‘Market’ is Activation. In other words, buying a product, you are not buying a product (with apologies for the mediocre rhyme) but instead you are (quote): “acquiring the right to use it an unlimited number of times, but on a limited number of computers (devices?). One activation means that you can use a product on one computer without any constraints. You will be unable to download a copy of the product onto another computer, and manually copying the file onto another machine will similarly result in it not opening.”
What can one say? I think that those who are familiar with the term ‘copyist’ can now give a sly smile. Especially since those ‘copyists’ can also be purchased on ‘Market’ without any problems whatsoever.
Believe me: I am not calling anyone to do anything. I am merely trying to compare the arguments ‘for’ and the arguments ‘against’ from the perspective of a stingy trader. The truth, as per usual, lies somewhere in the middle, and when we find it we certainly be able to save (and possibly earn) quite a large amount of money.
I ve tried other platforms but i am stuck to MT4 as it interface is very user friendly and easy to use.
The market tab on MT4 platform can be distracting. Lots of products are there are one may get excited testing them out. I am not saying it is wrong, but I have passed that stage and try to avoid testing additional pieces of codes on my cahrt.
VIRTUAL “ME”
OR HOW I TAMED FOREX
I have been working with Forex for around seven years. I do not remember exactly when this virus infected me, but I surrendered to it quickly and, as it seems, for eternity. Nothing could help cure this illness: neither lost deposits, or a shattered nervous system, or sleepless nights, or fights with my wife. (By the way, if anyone could propose their own treatment options, my spouse would be very grateful).
As for myself, having understood that the disease cannot be beaten, I decided that… I would not take full control of it, as the ancients suggested, but at the very least I would saddle it and tame it slightly.
Therefore, the first thing I did was completely refuse to trade “by hand” and fully immerse myself into the world of advisers. Naturally, there were relapses, but these became rarer and rarer. Moreover, sound logic was on my side: since progress has given me a weapon as powerful as the computer, I convinced myself that it would be foolish not to use it.
As a result, I had much more free time and started sleeping at night, while the amount of money lost began to sharply decrease – this had a most positive impact on the atmosphere in my family.
I studied other people’s advisers, wrote my own algorithms, tested robot after robot… and kept on feeling that something was missing.
And here came the “eureka” moment. When, just five minutes before the life-changing speech of the chairman of Fed, there was a blackout in my area and my computer only came back to life once the markets had already gone through all possible scenarios, it hit me that I needed to seriously upgrade my workplace… and so I bought a UPS (Uninterruptible Power Supplies).
My happiness knew no bounds. However, after half a month, some workers on the street broke the phone cord and I was left stranded without internet.
Soon after I bought a mobile modem, the subject of my pride – my UPS, so heavy, imposing and seemingly infinitely reliable – passed away.
My next purchase was a laptop, onto which I loaded all my advisers and which was working 24/7.
It seemed as if life was getting better, but at some point, unfortunately (or fortunately?), I developed an interest in social trading, that is subscribing to someone else’s trading signals. I immediately realised what ping, delay and slippage are, seeing my wallet go thin – the deposit of the signaller grew steadily, but mine, in the best-case scenario, remained at zero.
The solution turned out to be surprisingly simple and efficient…
I forgot to mention that within social trading, having tried many different services, I finally settled on the mql5 portal. First and foremost, the thing that caught my eye is that this service belongs to a “brand”, since it is owned by MetaQuotes – the company that developed the platforms MT4 and MT5. Secondly, I could not find such a variety of signals and such detailed information on each of them elsewhere. There was another advantage – mql5 did not tie itself to any single broker, and you could subscribe to signals (or, on the contrary, sell them) while having accounts in even a hundred different broker companies.
So, the solution was found behind the door with the sign “Virtual Hosting”. I think that everyone already knows what VPS is or how to store information in the “cloud” (whoever doesn’t, please check out Wikipedia), and so all I shall say is that virtual hosting from MetaQuotes is the same thing as a normal VPS, but better. It is better because it was developed specifically for MetaTrader and it is not just easy, but very easy to use – a few clicks of the mouse in the settings of your personal terminal on MT4 or MT5 and all your advisers, indicators, scripts and subscriptions to signals along with all your settings will be transferred to the virtual server. From this moment onwards you are provided with uninterrupted trading 24/7. You can now sleep peacefully – blackouts and internet problems will no longer reflect on your deals.
Add to this the minimal delay in the transmission of signals, because you can choose to rent the MetaQuotes server closest to the trading server of your broker.
I will not go into details about how to use virtual hosting (there are detailed instructions regarding this on the mql5 portal, and a whole series of videos on YouTube), and will just add a few words about something that, I believe, should interest every true trader – money. More precisely, the cost of renting a MetaQuotes virtual server. Today, this is only $10 per month (or, with a discount, $100 per year), which is much lower than the cost of renting a normal VPS.
There is a saying – “trust, but verify”. You can check everything I have mentioned absolutely free of charge: you do not pay for the first 24 hours of rent.
OR HOW I TAMED FOREX
I have been working with Forex for around seven years. I do not remember exactly when this virus infected me, but I surrendered to it quickly and, as it seems, for eternity. Nothing could help cure this illness: neither lost deposits, or a shattered nervous system, or sleepless nights, or fights with my wife. (By the way, if anyone could propose their own treatment options, my spouse would be very grateful).
As for myself, having understood that the disease cannot be beaten, I decided that… I would not take full control of it, as the ancients suggested, but at the very least I would saddle it and tame it slightly.
Therefore, the first thing I did was completely refuse to trade “by hand” and fully immerse myself into the world of advisers. Naturally, there were relapses, but these became rarer and rarer. Moreover, sound logic was on my side: since progress has given me a weapon as powerful as the computer, I convinced myself that it would be foolish not to use it.
As a result, I had much more free time and started sleeping at night, while the amount of money lost began to sharply decrease – this had a most positive impact on the atmosphere in my family.
I studied other people’s advisers, wrote my own algorithms, tested robot after robot… and kept on feeling that something was missing.
And here came the “eureka” moment. When, just five minutes before the life-changing speech of the chairman of Fed, there was a blackout in my area and my computer only came back to life once the markets had already gone through all possible scenarios, it hit me that I needed to seriously upgrade my workplace… and so I bought a UPS (Uninterruptible Power Supplies).
My happiness knew no bounds. However, after half a month, some workers on the street broke the phone cord and I was left stranded without internet.
Soon after I bought a mobile modem, the subject of my pride – my UPS, so heavy, imposing and seemingly infinitely reliable – passed away.
My next purchase was a laptop, onto which I loaded all my advisers and which was working 24/7.
It seemed as if life was getting better, but at some point, unfortunately (or fortunately?), I developed an interest in social trading, that is subscribing to someone else’s trading signals. I immediately realised what ping, delay and slippage are, seeing my wallet go thin – the deposit of the signaller grew steadily, but mine, in the best-case scenario, remained at zero.
The solution turned out to be surprisingly simple and efficient…
I forgot to mention that within social trading, having tried many different services, I finally settled on the mql5 portal. First and foremost, the thing that caught my eye is that this service belongs to a “brand”, since it is owned by MetaQuotes – the company that developed the platforms MT4 and MT5. Secondly, I could not find such a variety of signals and such detailed information on each of them elsewhere. There was another advantage – mql5 did not tie itself to any single broker, and you could subscribe to signals (or, on the contrary, sell them) while having accounts in even a hundred different broker companies.
So, the solution was found behind the door with the sign “Virtual Hosting”. I think that everyone already knows what VPS is or how to store information in the “cloud” (whoever doesn’t, please check out Wikipedia), and so all I shall say is that virtual hosting from MetaQuotes is the same thing as a normal VPS, but better. It is better because it was developed specifically for MetaTrader and it is not just easy, but very easy to use – a few clicks of the mouse in the settings of your personal terminal on MT4 or MT5 and all your advisers, indicators, scripts and subscriptions to signals along with all your settings will be transferred to the virtual server. From this moment onwards you are provided with uninterrupted trading 24/7. You can now sleep peacefully – blackouts and internet problems will no longer reflect on your deals.
Add to this the minimal delay in the transmission of signals, because you can choose to rent the MetaQuotes server closest to the trading server of your broker.
I will not go into details about how to use virtual hosting (there are detailed instructions regarding this on the mql5 portal, and a whole series of videos on YouTube), and will just add a few words about something that, I believe, should interest every true trader – money. More precisely, the cost of renting a MetaQuotes virtual server. Today, this is only $10 per month (or, with a discount, $100 per year), which is much lower than the cost of renting a normal VPS.
There is a saying – “trust, but verify”. You can check everything I have mentioned absolutely free of charge: you do not pay for the first 24 hours of rent.
MY TONGUE IS MY PROFIT
“My tongue is my enemy”, the ancients once said. They could not have even imagined that after just two millennia, the meaning of this phrase would flip 180 degrees. Of course, if you only consider human language, everything has remained the same. “Silentium est aurum” (Silenceisgold), “Silentium videtur confession” - wecanendlesslyrecallproverbsandsayingsabouttheneed… totalkless. However, letusrecallthat not too long ago humans developed a need to communicate not just with their own kind, but also with computers, that have proven to be incredibly useful and essential in everyday life. As a result of this evolutionary process a new group of languages has arisen on Earth – programming languages, on which you can talk without even opening your mouth.
I have to admit – I am a complete ignoramus in programming. In the last-century early 80s, when I was studying in university, the portable “computer” in the department of higher mathematics was nothing but a board with holes (ie jacks). By connecting those with wires and plugs, we would force this technological wonder to solve problems such as 2 times 2 and would get really excited when the machine answered with the number 4.
InthelabwhereIstartedworkingonceIgraduatedfromuniversity, everythingturnedouttobemuchfancier – the “Minsk-32” computertookupawholeroomandas far as the number of shelves it occupied it could be compared to the wardrobe of the English Queen or Madonna herself.
Thismachinebenefitedusinoneandonlyway – thepersoninchargeofthismonsterusedtobefrequentlygivenseverallitresofalcoholfordegreasingthecontacts, and, as you can imagine, this alcohol would then be quickly drunk by our friendly team (this was at the time when Gorbachev decided to wage war with drunkenness and no alcohol was to be seen on the shelves of shops across the whole of the USSR).
Astimepassed, progresswasbeingmade, andatonepointourlabreceivedthemini-computer “Electronics” thatcould fit on a deskandconsistedofakeyboardanda conventional television that functioned as a screen, while the information carrier was your most common audio cassette. It was fantastic!
You have probably already understood in what circumstances I was introduced to the world of computing, and why I have yet to master even the basics of programming. However, regarding Forex, I have become a fervent supporter of algorithmic trading and I enjoy constantly producing my own advisers. This might surprise you, but some of them have been working for several years now on real accounts and are bringing me quite substantial profit.
At first I was convinced that everything genius is simple. As a result, my advisers were very simple, but, as it turned out, not quite genius. Now they have smartened up a bit – their settings include dozens of parameters and (now I’m bragging) they can even fight deposit drawdowns.
I have realised that in Forex, just like in real life, you should not try to grab the biggest piece of the pie. A collective effort is stronger than an individual one, and two minds are definitely better than one (mine).
By this logic, in the same manner as Henry Ford had developed the conveyer belt, I split the process of creating robots into two (!) whole steps: on the first step, I write up an algorithm, and on the second, a programmer brings my “genius” ideas to life.
Itreallyisnotdifficulttowriteadetailedalgorithm – youjustneedtoclearlyknowwhatyouwantandnotforgetaboutMurphy’slaw: ifanything can go wrong, it will go wrong.
This law, in my opinion, is actually fundamental in Forex and so when, for example, you open a “sell” position, you can be certain that with a probability of 99.99% the price will move in the opposite direction. Thisaxiomshouldlieinthefoundationofeverygoodworkingadviser.
So, we have sorted out the algorithms. Now it is step number two – writing the programme. There is no need to mention that the majority of indicators, scripts and advisers are written in the MQL languages for working on the MT4 and MT5 platforms. In my opinion, these are the very best and the simplest trading platforms, which are convenient and well harnessed for Forex languages (and this now is the opinion of professionals).
Since both the platforms and the languages are the babies of the same artisans from MetaQuotes, it is pretty easy to take full advantage of them.
Firstly, by opening the “Help” tab at the top of your private terminal, not only do you get instant access to the mega-portal mql5, but also textbooks on programming on both the MQL4 and MQL5 languages.
(By the way, a very close friend of mine, having lost his job, quickly mastered the intricacies of programming and is now working for one of the respected broker companies).
Furthermore, in the CodeBase section of the mql5 portal you can find a multitude of ready programmes for the MetaTrader client terminal – take these as examples and they will help you in the creation of your own indicators and advisers.
By following this route, you will have to spend a certain amount of time studying the intricacies of programming, but you will save the money you would have spent on hiring programmers. Then, before you know it, you yourselves will be able to make certain profit by sculpting programmes for “dummies” like me.
“We’ll take the roads less travelled”, Lenin once said. So I decided that you “better go about than fall into a ditch”, and, bypassing other sections of the portal, I reached the absolutely wonderful section "Freelance". This is a real auction, a heaven for the client, where anyone can order practically any programme for MetaTrader – on very favourable terms at that, since 400 programmers (just think about this number!) compete with each other to fulfil your order.
This really is a cool tender! I was not just pleasantly surprised – I was literally shocked, when, having published my first order, I got almost 20 offers from programmers willing to fulfil my order the same day. Moreover, I specified in the comments that I was willing to pay up to 100 dollars for the work under the condition that it is completed within a week. In the end, I got my “money-making machine” not in seven days, but in three, and not for 100, but for 55 dollars.
For those who have decided to independently master this fantastic means of communication between human and computer, the MQL language textbooks can be freely downloaded on the portal of MetaQuotes, available in nine different languages. Andwhatnext? Next, we will recall the words of the Nobel prize winner and member of the Académie Française Anatole France:
« In order to digest the knowledge it is necessary to absorb it with gusto».
Bon appétit, ladies and gentlemen!
Hopefully these links can help you, From first look, I think Mirror-Trader is a good choice.
http://www.fxmarketleaders.com/forexbrokers/forextradingplatforms
http://www.tradersdna.com/platforms/list-of-trading-platforms-basic/
http://www.fxmarketleaders.com/forexbrokers/forextradingplatforms
http://www.tradersdna.com/platforms/list-of-trading-platforms-basic/
Actually, it is mostly supposed that most of ours do not accept as true the prominence of demo account. But I think this is the place where many fundamental and technical tools are available. So for learning Forex accurately all we should take demo account seriously. When I kicked my demo account, my trading platform GCI supplied me huge balance. Here, I have made it double in a short time and then I started my live account.
FOREX WITHOUT RISK
How to earn money on Forex without risking losing your deposit.
How to earn money on Forex without risking losing your deposit.
Can you earn money on Forex?
Surprisingly, any answer to this question is correct. Whatever it is – a lot, a little, nothing, a million or two, you can lose everything – every one of these options can become reality. For each individual trader, this reality depends, above all, on his or her knowledge and skills; and on the ability to use at least 50% (or better all 100%) of the opportunities provided by the MT4 and MT5 trading platforms.
At this point – I am sure! – most of the readers exclaim: “What’s hard about that? Just some graphs, indicators, advisers, a tester. Open a deal, close i tand…”. And… look above for the possible options. Surveys clearly indicate that a significant number of users of these platforms cannot even imagine that through them you can earn a good amount of money… without even making any trades on Forex, in other words without risking anything.
A host of bookmarks on the terminals MT4 and MT5 («Help-Community», «Help», «Market», «Signals», «Code Base») will bring you to the portal mql5, on which you can:
- sell your own indicators and advisers on the “Market”,
- fulfil orders as programmer in the “Freelance” section,
- become a provider of trading signals, registering them in the section of the same name,
- become a participant of the partner programme, advertising the products of other developers and traders,
- and, finally, publish your own articles, blog, comment and socialise on the forum,
and for all of that earn real money!
If you allow, let us quickly go over each of the aforementioned ways of earning money.
1. The "Market" section is good in that thousands of buyers visit it daily, because it is that easy – just click on the corresponding bookmark at the bottom of your terminal, and you are there. Thus, as a seller, you can rest assured that you have received a very good market place free of charge. As a confirmation of this, we will just say that by the middle of last year over 6,300 products were sold on “Market” with a total worth of over $522,000, and over 24,500 buyers had used this service.
Of course, the success of your trading depends, above all, on the quality and the price of the goods you are selling – the script, the indicator or the adviser. Note that not only can you sell, you can also rent your products for very different periods of time. To make it easier for you to choose the right price, we advise you to not only study the price tags of other sellers, but also the number of sales of each of their products (the “Activations” indicator).
2. The "Freelance" section – this is a job market of sorts for programmers. It is widely known that among millions of traders, only a few are fluent in the programming languages of MQL4 and MQL5, but many want to either create their own robots, or modernise the robots of others. Such a person, who has come up with an algorithm for the automation of their own trading, posts an announcement indicating what, for what money and in what timeframe they would like to get. You then answer them by offering your services as a programmer for fulfilling the specified task.
Statistics show that the majority of such requests are fulfilled, depending on difficulty, for the price of $15 to $100 within 5 days, and a programmer working actively in “Freelance” can fulfil on average 500 to 1000 orders, and so earn $50,000 and $100,000.
3. "Signals". Becoming a provider of your own (one or several) signals is quite easy – all you need to do is to register your trading account in the corresponding section. Note that you do not need to open a new account at some or other specific broker. You can continue working on the same account as you worked on previously, and all the information on your trading (including your trading history) will be automatically fed to your page in this section and will be available to potential subscribers.
Usually the price of a subscription is $20 per month, so, for example, if 100 people copy your signals, your monthly revenue will be $2,000 (although you would have to give 20% to the portal as commission). We just need to note that the best signal providers can have more than 500 subscribers.
4. Things are quite simple with the partners programme too – in the “Market”, choose one or several products and post links to them, for example, on your website. The same applies for subscriptions to signals. The size of your commission reward can be 10%, 20%, or sometimes even more.
5. And, finally, the monetisation of your activities as an author of articles, a blogger or simply an active person who likes commenting on other peoples’ ideas, voicing your own ideas or socialising on the forum. You may think of it as a big brother, but these and all your other actions on the mql5 portal will be strictly recorded online in the “Achievements” section, and each step will bring you bonus points, which will then add up to a very precise amount of $1 for every 50 points. Personally, I have only been able to earn a bit so far – around $40 – but it is still pleasing. And what is doubly pleasing, is that in order to withdraw this money you do not need to trade for half a year to gain a certain number of trades, as is sometimes required by other brokers.
The only slight issue, in my opinion, is that it would have been nice to have a wider range of payment systems available, but the developer of the portal – the company MetaQuotes – has promised to resolve this (admittedly not really significant) concern.
PPP: Programmers Proof Program
How to get a quality advisor at a reasonable price
How to get a quality advisor at a reasonable price
It is well known that the MT4 and MT5 terminals contain quite a lot of useful functions, and one of those is acting as a bridge between a trader wishing to develop their own advisor and a programmer who is able to do just that. All you need to do is press the “Help” tab in the top part of the terminal, then “MQL5 community” and “MQL5Jobs”, after which you will be redirected to a world called "Freelance", which is inhabited by approximately 500 programmers, who are specialists in the automation of trade on financial markets.
“Freelance” is essential a labour exchange for programmers competing for the right to bring a trader’s wishes to life. All you need to do is post your order with a description of what you want to get and specify an approximate price and timeframe. As an example: “An advisor that trades based on the “Alligator” and MACD signals with a resizable lot needed. Price – from $40 to $50. To be completed within 10 days”. After this, you just observe how the list of programmers willing to take on this job grows and choose the one who will write the code for your “grail”.
It must be noted that, when applying to complete your order, programmers may simply accept your terms or offer their own. These can even be better than the initial terms – for example $30 instead of $40. And the time frame – not ten days, but a week.
“But cheap and quick does not always mean well-done and of good quality!” a hard-headed trader would rightly claim. So how should a novice customer who knows nothing about programming choose a qualified specialist capable of completing the set task in a professional manner?
Here you just want to exclaim: “MetaQuotes, you think about us!”, because the employees of this company have already offered traders a whole set of instruments that can help make the correct decision.
Thus, having studied all the applications, you already have three criteria for selecting a programmer: the price, time frame and… language. To be clear, “Freelance” works on five languages (English, Russian, Chinese, Spanish and Portuguese) and, naturally, it is very important that there is a mutual understanding between you and the programmer.
Moving on. There is a detailed dossier on each programmer, in which all their completed works are listed, as well as reviews of customers and their ratings. For example, we can see that programmer A has completed 155 projects, of which 148 were “excellent”, 7 were “good” and 0 were “unsatisfactory”. Then we read the reviews of the customers: “Excellent work!”, “Good quality, fast, patient – definitely recommend!”, “Very thoughtful approach, helped compile TOR, completed in time!”, and a few dozen similar reviews, after which you decide that you can trust this specialist, and… you move on to the next dossier – programmer B, from which you can see that he has only completed 3 projects so far – 2 were “good” and 1 “unsatisfactory”.I think that you do not need to be a rocket scientist to realise that you should refrain from working with this person, even if he is willing to do the job practically for free.
If after such a casting not one, but two, three or even more contenders make it to the final, you can make the ultimate choice by, for example, the most time-tested method – write down all the names on pieces of paper, mix those in a hat and, with closed eyes, pull one out. The objectivity of this method is beyond any doubt.
Apart from the aforementioned way of posting your order, you can approach a specific programmer and discuss with them personally whether they will take on your task and under what terms. For this purpose, there is information available about all the programmers in “Freelance”, as well as a TOP-10 rating compiled by the MetaQuotes company.
An important point: the money for paying for the order are set aside on your private account in MQL5 community and are transferred to the programmer only (!) in the case that you accept their work.
So you posted your order, chose a programmer and received a ready advisor. Then you tested its work in a tester of a trading terminal (not forgetting about visualisation), on a demo account, in reality and made sure that everything is working the way it was described in the TOR. In this case, you give an excellent rating to the programmer and leave a laudatory review. The programmer then receives the promised reward and deep moral satisfaction from your praise.
However, if you are not happy with the result, apart from low ratings and angry reviews you have every right to file a complaint, and the MetaQuotes company will act as an independent arbitrator, and will also involve external experts if necessary. ThisiswhyIsuggestyouadherestrictlytotherulesandproceduresof “Freelance” – theyareindeedreallywellthoughtout, andwillnotonlyprotectyourmoney, butalsoincase of disagreement, will allow for a maximally fair hearing.
I don't think country has anything to do with it. just read here and see which of the trading platofmr is good for you. FreshForex instaforex are some of the companies to consider for the trading. idon't think we have to understand how that goes.
i still think we all agree that mt4 is the most popular platform despite having the mt5, omst custom indicators and EAs are based on mt4, though there are some other platform that might be better but hey we all got used to the mt4 and compare strategy charting etc bsed on mt4 screenshots, which makes it hard to even think of trying something else, hotforex uses the mt4, not so sure if they would add the mt5 any time soon, even the webtrader was upgrade to a metatrader web trader or something.
From the News
-
7BForex Broker: Closed
-
Afterprime Broker: Reviews and Specifications
-
ForexVox – 30% Deposit Bonus
-
ForexVox – 20% Floating Deposit Bonus
-
ForexVox – 100% Welcome Bonus
-
ForexChief – Gold Whale Monthly Contest
-
Pacific Union – 50% Deposit Bonus
-
Pacific Union – Refer a Friend
-
Ventezo – WINtezo Monthly Contest 2023
-
Headway – Dreamway: Share a dream, make it real
New Threads
-
-
-
-
How to Check the Journal tab and Reports (only in MT5)
- Started by fares2050
- Replies: 0