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Traders all over the world are struggling with the task of creating an indicator that most accurately describes the current market situation, such a trading grail. There have been many attempts, but one problem remains unsolved to this day - it is the lag of signals. The indicator lag usually means the situation when after receiving the entry signal we notice that it is more profitable to open an order earlier at a more attractive price... What affects the indicator lag? There is no perfect indicator. There are market insiders who receive signals with the minimal possible lag. Ordinary traders analyze the actual price stream, so there is some lag in any case. One of the main factors influencing the indicator lag...
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This year I visited ShowFx World in Kiev and I would like to tell you about the speech of Tom Hugard, one of the most successful traders in a very large hedge fund. I should point out right away that in this article I'm going to quote his words as I understood them for myself. I've realized once again that success in trading is determined by psychology, not by strategy. It's nice to hear another confirmation of my opinion from the lips of a professional of such a level. *The slides used in this article are taken from the author's presentation. Principles of 2% successful traders The first, most important principle that guides successful traders, is to buy the strong and discount the weak. What is this...
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Hotkeys are present in almost all modern computer programs, allowing the user to greatly accelerate their work. The MetaTrader 4 trading terminal is no exception and it has more built-in hotkeys than you can imagine. Hot keys moving through the price chart Let's start with the most common keys - "Up", "Down", "Right", "Left". They can be used to easily move on a price chart: "Up" or "Left" keys move the chart to the left; "Down" or "Right" keys move the chart to the right. Using these keys will replace the usual scrolling of the mouse wheel that most traders use to move on the chart. For faster movement you can use...
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In the world of financial markets, the modern trader is increasingly using trading robots, entrusting money management to a cold-blooded program. However, many traders note that the results of EA trading in the real market differ significantly from the results of testing on historical data, and in a negative way. Often, due to the above-mentioned reason, the traders blame the broker for a special "faking" of the market situation in order to lose the deposit in real conditions. In order to dot all the "I "s and cross all the "t "s, let us analyze why the results of testing and trading by Expert Advisors are not always identical and see how to configure the test trading robot in such a way as to reduce the difference in the results. №1. Taking into Consideration Slippage and Spread Extension In the Strategy Tester completely...
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In spite of the fact that scalping is one of the most technically and psychologically difficult types of trading, it has long enjoyed well-deserved popularity. Naturally, EA developers have not missed scalping either. Nowadays lots of free and paid scalper robots based on different principles and trading strategies are available to traders. Some advisors trade only at certain hours, some trade all the time. Some EAs work better and some work worse. However, as a rule, a scalping Expert Advisor shows profit for a certain period, after which there is a period of slack and a series of trades with losses. The implementation of scalping strategies in Expert Advisors often reaches the absurdity, which leads to...
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Automated trading using trading experts has long gained wide popularity among traders. However, robots have one peculiarity - for their correct trading it is necessary for the terminal to be running around the clock. Naturally, a constantly turned on computer is, at a minimum, uncomfortable, so VPS servers are used to trade robots around the clock. Almost every broker provides its clients with VPS servers. There are also many third-party hosts with the same offer. The only difference is the required price and quality of the services provided. But I don't think many experienced traders know that you can connect to a VPS server directly from your MetaTrader 4 terminal. Connecting to a VPS Server from the MetaTrader 4 Platform
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Every trader knows that the MetaTrader 4 trading platform is periodically updated. Of course, there are positive moments in it, but today let's talk about the disadvantages of such updates. With each new version, MetatTrader 4 becomes heavier and more demanding to computer resources. And if a trader uses the built-in strategy tester for testing indicators and trading Expert Advisors, the "weight" of MT4 can reach 10 GB or more. The high demand for PC resources creates a problem for traders who use VPS servers for testing Expert Advisors, reducing the number of terminals available for installation on a server. All these problems lead to the fact that the trading terminal often hangs and slows down, taking up hard...
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We've been running trader contests on our websites for over 4 years. During this time we have cooperated with different companies, tried many variants of rules and prizes, experimented and searched for the perfect contest for everyone. Being in fact a bridge between a broker and a trader I wondered what was the most successful contest. In order to make the topic more interesting, I asked companies and traders - our regular contest participants - questions about what it should be, how it affects trading on real accounts and whether it is worth participating in contests at all. Let's see what happened. Why brokers do or do not do...
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New Year's holidays are approaching, and most traders are preparing to end the trading year, counting profits and losses. The time of thin market is coming - the time of big profits and lost deposits. What is a thin market? The classic definition of a thin market suggests that it is a market with a small number of participants, low volatility, low trading volumes and, as a rule, wide spreads. In simple words, a thin market is a time when the basic law of supply and demand is almost non-existent in the market. Liquidity is lacking because there are very few buyers and sellers, so any trade with more or less decent volume forces the price to overcome the number of points for which at normal times it was...
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Surely, many traders use trading signals in their work. Someone prefers paid signals thinking that if a trader sells his signal, it means 100% is worthwhile. Someone does not want to give their hard-earned money and uses only free trading signals. Naturally, those who use trading signals know about the trading signals service of MetaQuotes Software Corp. "MQL5 Signals. ForTrader.org has already described the features of this service and the ways to set up the Signals service on its website. We will discuss how to set up receiving free trading signals directly in MetaTrader 4. A step-by-step algorithm for receiving free trading signals in...
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Almost all traders use technical indicators in trading. On profile resources there are more and more new indicators - modifications and optimized versions of classic tools, compilations, brand new developments, etc. Why do I need to test the indicators? Often, it is hard to find out the efficiency of an indicator at first sight. Certainly, every trader has ever met such indicators. It is especially true for arrow indicators that show a signal for entering the market, but after a while they redraw their data. The programmer can look through the code of the indicator, but what should a non-specialist do? Test the indicator in real time? Long and sometimes costly. And here the MetaTrader 4 Strategy Tester comes to the trader's aid ....
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It will hardly be a revelation for anyone that arbitrage advisors can help to earn impressive profits with minimal risks on the currency market. Nevertheless, not everything is as simple as it looks when you first get acquainted with arbitrage. Arbitrage Expert Advisors: Inter-Broker and Inter-Exchange Arbitrage What is meant by arbitrage and why is it so profitable? There are several types of arbitrage systems, but there is one principle underlying them: we learn the value of the price we see in the terminal some time earlier. That is, we open a position knowing in advance that it will be profitable, because we have information about where the price will be in some fractions of a second...
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One of the most common strategies is breakout trading. It would seem that there is nothing easier than waiting for the price to break through one of the significant levels and move on. The trader has only to open a deal in the direction of the trend. Everything would be all right if it were not for false-breaks that take place in half of cases and are usually the main reason of losses. A false breakout is when the price breaks through a certain level (border) and then comes back on its previous course. To fight against it, it is necessary to know the whole scenario of events. The trader identifies a level which price is likely to pass...
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Day trading is a rather complicated type of trading on the currency market associated with high risks. Nevertheless intraday trading is very popular especially among beginners. Either constant presence of the trading terminal gives a feeling of control over the currency market situation or the viewpoint that "the more transactions the higher the profit" is placed above all. Be that as it may, the risks when trading intraday are really high and inexperienced traders make five common mistakes that lead to disastrous results. 1 mistake: using position averaging This mistake is the most common among intraday traders. Undoubtedly, the strategy of averaging itself has the right to...
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Trading on the currency market is so widespread nowadays that everybody, who has 10 dollars in his pocket, can feel himself a trader. Brokers thoroughly support this concept by widely advertising the idea that minimum funds are necessary for trading. The Internet is full of blogs telling about how at Forex market it is possible to turn a couple dozens of dollars into almost millions profits. Does it mean that the size of the deposit does not matter? After all, what is the sense of investing thousands of dollars in trading, if you can manage with a sum many times less? Today we're going to try to figure out a very controversial question, whether the size of the deposit affects the profitability of trading....
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Every trader sooner or later comes to the idea that the most important tool for making profit on the currency market is a trading strategy. Profile resources offer a lot of all kinds of systems, according to the authors, which are highly profitable and maximally effective. How to choose a really good trading strategy out of the variety? What is a trading strategy and why it is necessary? A trading strategy on the exchange market is a set of rules in the form of an algorithm that makes it possible to forecast the movement of an asset, taking into account the situation on the market, and to obtain a certain profit by executing this algorithm. For example, it may be a combination of several technical indicators: opening and closing will be carried out only at a certain coincidence of their...
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The "Buy on Decline and Sell on Rise" trading principle is a practical application of the "opposite time" theory that has long existed in the financial markets. In 1954, this approach was formulated more elegantly, and many traders now know it as the "Art of Disagreement" strategy. The essence of the "Art of Disagreement" strategy The general principle of this tactic is quite simple - do not do what most market participants do, that is, move against the crowd. On the one hand, it looks like madness, because, for example, trading against the trend is a huge risk and loss. On the other hand, this method has a rationale. According to this principle, to...
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Trading on the foreign exchange market is quite a costly activity. And now we're not talking about money, but time and nerves. Not everyone can devote a lot of time to trading, not everyone can cope with emotions when seeing a growing or shrinking deposit. And that's where trading robots come to help people. But it is not without problems here as well. The thing is that high-quality profitable trading robots are not just standing out in the open, and their price is not affordable to everyone. And even if everyone can afford it, how many are willing to risk their money by buying an expensive Expert Advisor? So, let's choose an inexpensive Expert Advisor correctly....
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Nowadays, trading on the currency market has transformed from a kind of "elite club" into something that anyone can do. With just a few dollars in your pocket, you can open a trading account and proudly declare: "I am a currency trader!". Nevertheless after having traded on mini, micro, nano and other cent accounts for a while the trader must give up the idea of earning million from the initial deposit of $100 and must realize that greater profits are possible only on a large trading account. Reinvestment - the Way to Hidden Losses Not every trader can (and wants to) invest a lot of his own money into trading on the foreign exchange market. Of course...
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Technical levels on the charts are built by everyone - both experienced experts and green beginners. Drawing support and resistance levels is probably the first thing a trader learns when entering the foreign exchange market. One would think, what is so difficult? You draw a line through the local minimum - here you have reached the support level, through the maximum - here you have reached the resistance level. And meanwhile, this way of drawing contains a serious error that leads to missed trades or wrong entries. In this article we will discuss how to properly build support and resistance levels. Not levels, but zones To begin with, the experts of Fortrader magazine offer a reminder of the formulation of the price level in the foreign exchange market....
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