Tag Archives: education

How to Run 2 Terminals from the Same Broker Simultaneously

How to Run 2 Terminals from the Same Broker Simultaneously

Task: There are 2 accounts opened at the same broker. One account you want to use for trading with advisors, and another to trade manually without avoiding losing focus on the EA’s positions. What’s to be done? But when carrying out the installation of the second terminal from the same DC, the installer offers just check the first installation. I’ll tell you about a very simple way.
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Beginner's stuff, Trading Soft ,

Money Management

Money Management

A huge amount of money management techniques exist for trading in the Forex. From the silliest (doubling the lot until recovering from losses) to the learned theories based on the binomial distribution.

I personally use a quite easy method about which I am going to tell you.
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Beginner's stuff, Trading Articles , ,

How to Get Simulation Quality of 99% in the Strategy Tester in Metatrader 4

How to Get Simulation Quality of 99% in the Strategy Tester in Metatrader 4

Anyone, who has ever performed backtesting of EAs in MT4, noticed that the quality of the simulation doesn’t rise above 90%.

The reason is that by default, the terminal uses minute bars instead of tick data. And if an advisor performs scalping (with take-profit of 3-15 points), or use a small trailing stop, the difference of the simulation quality can greatly change the test result.
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Trading Articles , , ,

How to Test an Advisor in the MT4 Tester – Detailed Instructions

How to Test an Advisor in the MT4 Tester - Detailed Instructions

Greetings to all!

Mechanical trading systems are as old as the markets. With the development computer technologies and the Internet in the 20th century, it has become possible to trade without leaving home, and at the beginning of the 21st century, with the advent of MetaTrader, even in automatic mode. Resources of a modern desktop personal computer allow to implement any, even the most sophisticated, algorithms and MetaEditor integrated in the MetaTrader terminal enables to write a robot even a person who knows little about programming. As a result, a paraforex market is filled with various offers to buy the miracle EAs and some of them are really worthy of attention. But how to understand whether to use one or another forex EA on real accounts? Today I’ll tell and show you how to test a trading robot on historical data using MetaTrader 4.
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Beginner's stuff, Trading Articles , ,

Standard Accounts and Cent Accounts

Standard Accounts and Cent Accounts

Greetings to all! Many novice forex traders don’t fully understand the difference between standard (classic) accounts and cent accounts in Forex. So, I decided to write this little note to clarify it.
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Beginner's stuff, Trading Articles , ,

How to Install Forex Advisor – Universal manual + Mini-F.A.Q.

How to Install Forex Advisor – Universal manual + Mini-F.A.Q.

Here is information for installing, setting and using Forex Expert Advisors for Metatrader 4 and answers to frequently asked questions about working with trading robots on Forex.

First of all: What is an Expert Advisor (EA)? An Expert Advisor is a trading algorithm in the form of mql-code.

Many novice traders somehow associate EAs with something mysterious and magical. There is no magic here – an EA is nothing more than a strategy for manual trading, but automated. If a manual system is unprofitable, then any, even the best, programmer in the world will not help – the EA will trade at a loss.
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Beginner's stuff, Trading Articles , , ,

How to Set an Indicator in Metatrader 4

kak-ustanovit-foreks-indikator-v-metatrader-4

This is an instruction for beginning forex traders on installing custom indicators.
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Beginner's stuff ,

Rules for Trading with Night Scalpers

Trading with Night scalpers ea

There are many scalper type expert advisors intended for trading in the Asian session. Some of them works better, some worse, but there are some rules that will help you avoid potentially losing trades:

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Beginner's stuff, Expert Advisors , ,