Working with the terminal

  • What is a swap?

    What is a swap? Swap is a trade and financial transaction involving the exchange of different assets and combining the purchase (sale) and reverse transaction (sale or purchase respectively) of the same asset. In this case the transaction is not executed immediately, but after some time under the same or other conditions. Swap is understood as a fee charged for transferring an open position to the next day. Swap is also called rollover or overnight. What types of swaps are there? There are several types of swaps: swap for extended securities; currency swap (purchase of foreign currency with immediate payment in local currency and subsequent sale of the purchased currency); swap...

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  • Trading platform (terminal)

    What is a trading platform at ? A trading platform (terminal) is an exchange software product designed to work online in the financial markets. The trading platform allows traders to receive online data on the trades (current and historical quotes of the selected assets, the trading volume for the instruments, the possible buy and sell prices, etc.), to carry out technical analysis, to make transactions in real time, to work with trading orders and receive messages from the dealing center or a broker. What trading platforms are there? Modern trading terminals are divided into several groups: Standard terminals These are common trading platforms, the most common among which are MetaTrader 4 and MetaTrader 5 terminals. Alternative to MT4 and MT5 terminals are...

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  • What is MQL4? MetaQuotes Language 4 (MQL4) is a programming language for trading strategies for exchange and over-the-counter (Forex) platforms, developed by MetaQuotes Software Corp. Why do I need MQL4? The main developments in MQL4 are the Expert Advisors that allow you to automate the management of trading processes and are used to create your own mechanical trading strategies. The language also allows you to program technical indicators for stock trading, scripts and function libraries. MetaQuotes Language 4 contains functions for the analysis of current and previous quotes, for working with indicators, functions for managing trade positions, etc. What programs can be written in MQL4?

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  • Spread (spread, spread)

    What is a spread (spread) - the difference between the Bid price (the price at which the base currency is sold) and the Ask price (the price at which the base currency is bought) at the same point in time. What is the essence of the spread? The minimum spread is set by the market-maker and it increases further up the chain to the trader, because it also earns money for dealing centers and brokers as a commission for each transaction. Spread size is the criterion of market liquidity, and the higher it is, the less liquid it is. That is why spread values are small when trading popular currency pairs. For example, when opening an order on EUR/USD pair...

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  • What are oscillators on ? In technical analysis, oscillators are indicators of the rate of price movement over a specific time frame. They refer to a leading indicator that can move around the zero line between 0 and 100%. During the periods of time when the price is stable, it either moves only within the channel or pauses for a while before reversing. The oscillator is designed to find the points after which the price will either follow the trend or move to the opposite side of the channel. The main notions, which are needed when using oscillators, are the concepts of oversold and overbought. These are the situations in which the indicator value...

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  • Pending Sell Limit order

    What is a pending Sell Limit order? A Sell Limit order is a pending order which allows you to place a sell order above the current price. In fact, by placing a Sell Limit order, you want to sell at a higher price than you are currently able to do so. Sell Limit order is standard for MetaTrader 4, it is executed at the Bid price and it is possible to apply protective StopLoss and TakeProfit orders to it. How does Sell Limit work? Having analyzed the situation on the currency market, the trader believes that the price of the asset will grow to a certain level, after which it will resume its decline. In order to sell the asset at the pivot point, the trader...

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  • Equity in the market

    What is equity? Equity is one of the trading account indicators representing the amount of free funds on the trader's deposit, i.e. the funds that can be used for trading. Calculation of equity is carried out according to the following formula: Equity = balance + floating profit - floating loss. Positions opened by the client at the moment of calculation of equity are taken into account. For example, the trader has a deposit of $1,000, on which there are 2 open transactions. On one transaction the current loss is $50, on the second transaction the current profit is $75. Equity will be equal to $1000 +75 - 50 = $1,025. Note that equity is...

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  • In this article we will discuss the work with the mobile terminal MetaTrader 4 and 5. For example, let's take the installation of the application for android, which will be about the same as the first launch of MT4 on iOS on iPhone or iPad. Our life is becoming more and more remote from home computers, so this instruction will help you navigate the trading process on your mobile device. To install the MT4 mobile terminal on your device, you should first of all go to the Play Store and enter "MetaTrader" in the search box. From the list of applications found, select the one signed by MetaQuotes Software Corp. (as a rule, the first one in the list) and go to...

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  • Pending Buy Stop order

    What is a pending Buy Stop order? A Buy Stop order is a type of pending order, which is a position to buy, opened by the broker when the price rises to the level specified by the trader. How does Buy Stop order work? A Buy Stop order is placed if a trader believes that the price will rise to a certain level, usually a resistance level, after which it will continue to rise. In this case the purchase will always be made at a price higher than the current market price. For example, on a daily chart of the AUD/USD currency pair, we observe a Double Bottom trend reversal pattern. We expect that soon the price will reach the resistance level at 0.7270, will break through it and the pair will start to form an uptrend.

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  • In order to change (or set, if you do not have one) the investor password in the MetaTrader 4 terminal, you will need to use the following instruction. It should be noted in advance that you will also need the trading password for the trading account you are interested in. It is necessary to have it at hand. So, open the terminal MT4, connect to the trading account and then follow the instructions. 1. Enter Service menu 2. In the Tools menu go to section Settings 3. In the window that opens go to the Server tab 4. Click the Change button on the tab that opens. 5. A dialog window to change the password 5.1. In this window you will have to enter your trading password 5.2.

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  • The Statement is the official detailed report on the trading activity on the market, generated by the trading terminal. How to make a Statment in MT4? Go to the "Account History" tab; right-click on the context menu; click "Save as detailed report". The statment will be available in the folder, in which the MetaTrader 4 terminal was installed, in the DetailedStatement file. Besides the trading history the statment contains the following indexes: Gross Profit - total profit of the positive transactions; Gross Loss - total loss of the negative transactions; Total Net Profit - the difference between the total profit and the total loss; Profit Factor - the profitability index, which shows the Gross Profit to Gross Loss ratio. The value...

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  • What is a long? A long or buy trade is the name of a buy trade that a market participant opens in the expectation of profiting from an increase in the price of an asset. The very name of the transaction to buy long or long bargain, is slang and appeared on the stock exchange, because the rise in stock prices is considered to be a longer process than their fall. Market participants who open buy trades, that is, play to increase the price of an asset, are called bulls. Bulls are thought to push the price upward with their horns. The opposite of a long trade is a sell trade or Short (short, short trade), respectively, market participants playing down...

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  • Limit order

    What is a limit order? A limit order is a group of pending orders in which the opening of a position is made at a price better than the current one. The price is supposed to rise or fall to a certain limit, after which it will reverse in the desired direction. Limit orders are characterized by the word limit which is used in the name of the order. What types of limit orders are there? There are 2 types of limit orders: Buy Limit Buy Limit is a limit order for purchase. A position to buy is opened when the price decreases to the value shown in the order. A Buy Limit order is usually used for purchasing when the price decreases to the support line of the uptrend or to the lower limit of the flat when calculating the...

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  • The Relative Strength Index (RSI is an abbreviation of relative strength index) is one of the indicators of technical analysis. RSI helps determine the probability of change in the direction of price movement, as well as the strength of the trend. The essence of the indicator is that the price can not move indefinitely in the same direction, and sooner or later the trend will reverse. RSI has only one line on the timeline and is located below the price chart. The indicator always moves in the corridor from 0 to 100%. It should be noted that the RSI value below 20% is considered an oversold zone, while above 80% it is an overbought zone. The space between overbought and oversold zones is called...

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  • What is an Ishimoku indicator? Indicator Ishimoku Kinko Hyo (Ichimoku Kinko Hyo) - trade technical indicator, designed to reflect the trend, support and resistance levels. What is the purpose of the indicator? Ichimoku Kinko Hyo indicator is used to identify a market trend, support and resistance levels and to generate buy and sell signals. The optimal timeframe for the Ishimoku indicator is a week or a day. It can be used in conjunction with other technical indicators or be solely used for trading. The Ishimoku indicator is sometimes called a ready-made trading strategy. How to install the Ishimoku indicator on the price chart? The Ichimoku indicator is included in the standard set of technical indicators of the MetaTrader 4 platform. To install it on the chart, you...

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  • What is Take Profit? Take Profit is an order to automatically close the deal with the profit when the price level is reached. Take Profit is translated into Russian as "Take Profit", this order is usually set when a trader cannot continuously watch the open trade or expects sharp price movements. How do we set Take Profit? Take Profit is set for a Buy trade above the order price, as we anticipate the price to move upwards. For example, if we opened a buy trade at EURUSD at 1.12595, and we want to make a 50 pips profit without being in the trading terminal, we should set a take profit...

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  • Tick volume

    What is tick volume? Tick volume reflects the number of ticks per unit of time, and the "tick" itself is nothing but the change in price of an instrument by one basis point. In fact, this type of volume is a simple oscillation counter and is not connected with the volumes of deals. In simple words, the tick volume shows how many times the price changed during a specified time and is not related to the real trading volumes. How to know the tick volume? Tick volume is available in any MetaTrader 4 terminal, and, as opposed to exchange volume, is available for all trading instruments provided by a broker. Note, the tick volume shows the amount of price change for a particular...

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  • What is the optimization of the trading advisor in MT4? Optimization of the trading advisor in the MetaTrader terminal tester - the process of research of the trading advisor in the terminal, which allows by enumerating the basic external parameters of the robot in a given range with a given step, to find the best option of their ratio for the current market. Why do you need to optimize a trading Expert Advisor? The currency market is constantly changing. The volatility coefficient of currency pairs, the dynamics of their movement, etc. are changing. Sometimes even the most profitable trading robots become loss-making over time. For trading to become profitable again, optimization of Expert Advisors is necessary. How to optimize Expert Advisor in MetaTrader 4? Optimization of Expert Advisor is done in the strategy tester of the MT4 trading terminal, no additional...

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  • What is MagicNumber? MagicNumber MQL for MetaTrader is a "magic" identifier of an open order, which is usually used for correct teamwork of Expert Advisors and traders in MetaTrader 4. What is the essence of MagicNumber? The MagicNumber parameter is used to allow several trading experts or experts working in parallel with a trader to correctly process the orders which have been opened by them only. As a result, when working (modifying, closing, deleting, etc.) with already open orders, the EAs process only those that have this magic number. The MagicNumber tool is typical only for the MQL programming language in the MetaTrader terminal. To use Magic numbers in manual trading is not...

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  • What is a Pending Order? Pending order (Pending order) - trade order of the client to the dealer or the broker to open a trading position to buy or sell a financial instrument at a certain market rate, marked in the order, laid down by volume and with specified levels of StopLoss and TakeProfit. What types of pending orders are there? There are four main types of pending orders: Buy Limit - kind of pending order for transaction opening on purchasing at "Ask" price achievement of the established level, which is lower than the current price of the instrument. Buy Stop - kind of the pending order which also represents the order of client to the broker to open the deal on purchasing at the price being higher than the current market rate. Sell...

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