Working with the terminal

mr.traderOctober 21, 2022

0 1,114

MetaQuotes Language 4 (MQL4)

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?

mr.traderAugust 14, 2022

0 3,124

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...

mr.traderJuly 29, 2022

3 639

Oscillator in the market

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...

mr.traderMarch 14, 2022

0 519

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...

mr.traderDecember 23, 2021

0 478

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...

mr.traderOctober 30, 2021

7 532

Mobile : how to install and work on mobile MetaTrader ?

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...