Expert Advisor are created from programming language and tested in MT4 strategy tester. The program language use is similar to C and uses a text editor for coding. The Strategy tester use historical data to test the program and out put the summary results at the end of the testing. User can choose the duration of the back testing period, the currency trading, the time period chart to use and the various algorithm testing model to use.Back Testing...more
Simple Moving AverageThis is one of the most frequently used indicator for charting any time frame. Simple moving average or SMA is actually adding up the total no. of currency price and divide by the total no. currency time frame. For example 10 SMA meaning 10 timeframe of the selected chart, add all the 10 currency price together, then divide by 10 to get the average, thus we call it simple moving average. All the weight age of the last 10...more
When you are traveling, you need to exchange the currency you have, to the local currency. However, if you are trading a dollar for a rupee, you don't get a dollar for a rupee. Exchanging a dollar means you will get about 45rupees in return. This same currency trading also takes place on an international level and is referred to as foreign exchange or forex and more than $2 trillion trades are carried out per day. A Little HistoryCurrency was initially backed by gold. The American dollar was also considered as the standard international currency. That meant that a single dollar was backed by a certain amount in gold and it could be traded as such. But as time passed, it became increasingly difficult to balance the cost of the dollar with gold. Nowadays, local economic conditions, inflation rates, import and export trading of a country, determine the cost of its currency and how it will trade against the dollar. The dollar still dominates international forex trading markets and all currency forex rates are usually expressed in relation to the dollar. How Does The Foreign Exchange System Work?Most countries determine the value of their currency through a floating or a pegged exchange...more
Forex robots are being ordinary members with the Fx sector. For some traders, Forex robots are indispensable. Enormous chances for investors to generate huge income or finally accumulate substantial amounts of chances are opening approximately traders, there are actually particular components like feelings that could impact your trade inside a...more
Whenever anyone is investing in forex trading, it is important that he or she brings in a factor of safety to his investments. Forex market is such that it will fluctuate with such rapidity that it will become extremely difficult to bring forth a surer way of making profits. Although everyone in forex market is in the hope of making forex profits,...more
With programming, Forex Trader can put their winning strategy into programming codes and run on MT4 trading platform to let the computer trades automatically. This is make possible using MQL or metaquotes languages to write and compile using metaeditor into executable ex files which are called expert advisor to run on MT4 trading account.The programming is similar to C with declaration of variables, logic comparision and executing of files and functions. VariablesMQL4 comes with various data types namely integer, Boolean, character, string, float, color and date & time. You can create local variable can using the standard declaration like int, double, string, etc. For global variables, you have to declare the variables before int start(). To have your variable available and value retained after program ended, use static variable declaration by static int, static double, etcStandard Constants It comes with many standard constant that you can use which is already predefine by the program. One of the most important standard constants are timeframe which comes with PERIOD_M1, PERIOD_M5, PERIOD_M15, PERIOD_M30, PERIOD_H1, PERIOD_H4, PERIOD_D1, PERIOD_W1 and PERIOD_MN1. This is useful in...more
You will find so many resources out there, both online and offline to start your research on trading and making money, I couldn't list them all here. You can find seminars, articles, workshops, instructional videos, and books on the topic of how to...more
Heard of someone earning thousand of dollars from stock and share trading? What about Forex? You can also earn thousand of dollars from trading currency. Let me explain it for you in simple English.For an average person, you may need $10k monthly...more
Evening Dealing Currency Foreign money: 5 Recommendations For Making FundsDay time buying currency foreign money is becoming a additional and more preferred way to generate dollars. Currency is the foreign trade market the place trillions of money...more
Forex Trading is getting more popular with especially a group of automated trading which is made possible by MT4 trading platform Expert Advisor. Expert Advisor are program written by MQL4 languages that comes with MT4 trading platform. These Expert...more
SimpleLets talk about each portion to understand further. First is Forex Trading. Forex is the foreign exchange market where people come to buy and sell currency. Trading is an action that results in profit and losses. MT4 is MetaTrader 4 which is a...more
In case you are just starting out in the stock trading business or if you're already in this, you may have heard the definition of Forex trading quite a few times, but you probably might not have a clue on what it may actually mean.Although this...more