Training
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Any novice trader eventually discovers automated trading, and the resources are overflowing with free and paid trading Expert Advisors that you want to try and test or even start trading with them. So in this article we are going to talk about how to install a robot on your MT4 trading account. After reading (or sometimes simply missing) the description of an EA, a novice trader downloads it, installs it in the terminal, attaches it to his trading account and... sees no changes. Doesn't work robot? Maybe. Or maybe the trader just installed it incorrectly, depriving himself of the opportunity to evaluate a promising and profitable Expert Advisor. That's why let's look at the step by step instruction on how to install an Expert Advisor in...
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Here are 5 questions, the answers to which will show your knowledge of how Central Banks work in the world. Central bank decisions always have a strong effect on national currency rates, so this knowledge will be very useful if you plan to trade profitably. At the end of the test, there are the answers. If you have noticed your mistake, do not hesitate to follow this link and close your knowledge gap. 1. The largest foreign exchange reserves in the world are... a) U.S. Federal Reserve System; b) European Central Bank; c) People's Bank of China; d) International Monetary Fund. 2. The slang name "The Old Lady" is... a) The Reserve Bank of Australia; b) The Swiss National Bank; c) The Bank of...
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One of the most difficult things for beginner traders to understand is a different format of earning money, an unstable profit. At , as in business, the money does not come in the form of a salary - every month, the same amount. Here profits alternate with a bad month, and one must get used to it. However, many beginners have these thoughts: "Ah, I earned only 10$ on this strategy, so I won't buy a BMW X6". Or vice versa: "Wow, I have made 130$ in one trade, if I trade a couple of times now, I can quit my job this month". You can lose your whole deposit in such a wave mentality. How ...
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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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In the middle of 2015 Saxo Bank announced the release of a new modern trading platform, written by its own technical experts, as well as the rejection of the usual MetaTrader 4. In the press release the company presented SaxoTraderGO as the newest and most convenient platform, which will be a serious competitor to all modern analogues. The editorial office of ForTrader.org contacted the representatives of Saxo Bank to find out whether SaxoTraderGO is as good as it was described in the release. The answers to our questions were given by Christian Hammer, Head of Platforms and CEO of Saxo Bank. - Why has Saxo Bank decided to develop its own platform and refused to use MetaTrader 4? - We created and launched SaxoTraderGO - the most advanced trading platform...
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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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Рассматривая историю рейтинговых агентств «большой тройки», можно выявить определенную закономерность: все они появились приблизительно в одно и то же время и занимались приблизительно сходной деятельностью, помогая решить большинство возникавших в конце 19-начале 20 века проблем, связанных с инвестиционной деятельностью в США. И если история Standard and Poor’s и Moody’s начиналась чуть раньше и претерпевала различные изменения, сопряженная с взлетами и падениями, то рейтинговое агентство Fitch Ratings появился несколько позже, сумев учесть проблемы и недочеты своих будущих коллег. Рейтинговое агентство Fitch Ratings – свой путь становления Агентство Fitch Ratings возникло 24 декабря 1913 года в качестве основанной Джоном Ноулзом Фитчем компании…
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Создание строгого торгового алгоритма – первый шаг к автоматизированной торговле на финансовых рынках. Следующий шаг (возможно наиболее важный) – введение правил по управлению рисками и оценка эффективности системы на основе исторического теста. Вместе с тем, следует отметить, что два блока между собой, безусловно, связаны: невозможно настроить параметры торговой системы без проверки ее устойчивости на исторических данных, но также необходимо ввести первоначально корректные параметры системы для запуска тестирования. Логическая цепь может быть разомкнута принудительно или при помощи создания самообучающихся модулей (эволюционные алгоритмы и т.д.). Тем не менее, в обоих случаях возникает очевидный вопрос: какой объем исторических данных является достаточным для настройки…
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The "Baskerville Dog" trend continuation pattern was first mentioned by the financial markets legend Alexander Elder in his book "The Fundamentals of Trading". The figure is quite widespread and, in fact, is a failed "Head and Shoulders" trend reversal figure. In the technical analysis of the market it is accepted to consider the "Hound of the Baskervilles" as the figure of the trend continuation, although most market researchers do not include it in the list of classical figures of the trend continuation: flag, wedge, triangle, etc. How is the "Hound of the Baskervilles" figure built on As mentioned above, the "Hound of the Baskervilles" figure of technical analysis is a failed "Head and Shoulders" trend reversal figure. Head and shoulders" figure indicates the end of the uptrend, its reversal and, as a consequence, the opening of the...
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In spite of the festive atmosphere and wonderful weather, we continue to offer you to improve your knowledge in the profession of a trader. To do this, we offer you to answer 5 easy questions based on materials from recent publications. In case the answer to any of the questions of the test for traders is wrong, you can always refer to the appropriate article to refresh your knowledge. Good luck! 1. In accordance with the new legislative initiatives the main regulator of the market in Russia will become: a) RFBRIN; b) Bank of Russia; c) the FFMS of Russia; d) the Special Commission of the Ministry of Finance. 2. The leaders of the "big three" international rating agencies are: a) Standard & Poor's Agency; b) Moody's Agency; c) Fitch Agency...
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Рейтинговые агентства – структуры, которые становятся наиболее узнаваемыми в самые сложные для большинства государств и их компаний времена. Их имена у всех на слуху: Fitch Rating, Standard & Poor’s, Moody’s. Особенно сейчас, в эпоху экономической нестабильности, когда рейтинги стран то активно понижаются, то не менее активно повышаются. Несмотря на то, что названия рейтинговых агентств узнаваемы, далеко не все знают, в чем заключается суть их деятельности, а также, откуда они вообще взялись. Очень часто к их работе относятся крайне негативно, поскольку понижение кредитного рейтинга редко когда может восприниматься иначе, чем негативно. Многие считают, что деятельность агентств давно перестала носить чисто индикативный…
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How well do you know the basics of the market, the macroeconomic analysis required for trading, and brokerage services? Test your knowledge in our third quiz. Remember that at the end of the test you will find links to articles with correct answers. If you have made a mistake in the test, you always have the opportunity to improve your knowledge. 1. GDP and GNP of a state have the following ratio: a) GDP always exceeds GNP; b) GNP always exceeds GDP; c) GDP always equals GNP; d) the ratio can be any, depending on the state's economy. 2. The income of a broker operating under the agency model is: a) the client's loss; b) a percentage of the client's profit;...
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Do you want to test your skills and knowledge about ? We suggest you take our second test based on the materials published on the site in the last week. If the questions of this test for traders cause any difficulties, you can always fill in the gap in your knowledge by reading an article on the subject. Good luck! Interactive test [WpProQuiz 2] The correct answers can be found in these articles: 1) , 2), 3), 4), 5).
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National Bank of Ukraine (NBU, Ukr. National Bank of Ukraine) is the central bank of the country. NBU is a legal entity, state-owned and has a registered capital of 10 million hryvnia. The main function of the NBU is to maintain the stability of the national currency - the Ukrainian hryvnia, as well as price stability and banking system, within the allotted powers. History of the National Bank of Ukraine The starting point for the establishment of the NBU was the law "On Banks and Banking Activity" adopted by the Verkhovna Rada of Ukraine on March 20, 1991. The basis of the NBU was its predecessor - the Ukrainian Republican Bank of the State Bank of the USSR. In the nineties of the last century Ukraine faced a complete inadequacy of the financial system to the market conditions, as well as monstrous inflation, which...
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Throughout the trading week we have been publishing interesting articles for you. If you have read them carefully, it will not be difficult for you to answer the questions of our test. If you have made a mistake, you will always find the answer by returning to the desired publication. Interactive test [WpProQuiz 1] You can find the correct answers in these articles: 1, 2, 3, 4, 5.
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Dear reader, we invite you to test your attentiveness. All questions are based on the material published in the 89th issue of ForTrader.org magazine. Got it wrong or just don't know how to answer correctly? The right article will help you close the gap in your knowledge. Good luck! 1. A security currency is...: a) a currency that has comprehensive protection against counterfeiting; b) a currency backed by gold; c) a currency that strengthens during periods of market anxiety and uncertainty; d) a currency that is on bank deposit. 2. The main purpose of myfxbook service: a) automatic online analysis of trading accounts and communication in community of traders; b) popularization of trading at currency market; c) advertising of brokers; d) selling strategies and expert advisors. 3. Name.
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As we've said many times before, the modern trader lives on the Internet. Modern technology provides access to the web from virtually anywhere in the world and from any mobile device. However, with all the advantages of mobile trading platforms provided by brokers, their functionality, due to their features, is still inferior to the most popular among traders trading platform MetaTrader 4. Not even all standard indicators are available, there is no possibility to carry out graphical drawings in a familiar mode, and so on. How can you always have your broker's trading terminal with all its indicators, scripts, Expert Advisors, templates and settings at hand? In this case, the trader comes to the aid of a flash drive or, as it is called...
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Let's continue the topic of hedging opportunities on , which we began in issue 89 of ForTrader.org. Hedging on: illusory and hidden opportunities" Hedging on: illusory and hidden opportunities. Part 1 How to use hedging on gaps? This strategy represents one more purely technical method of hedging on gaps, which also does not require any "sense of the market" or "magic" indicator, so it can be used by beginner traders. This strategy assumes the use of the Metatrader platform, but with some changes can also be used on other trading platforms. If you look closely at the contract specifications of different brokers, you can notice that the closing on the...
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The People's Bank of China (NBK, Bank of China) (Chinese tr. 中國人民銀行, 中中国人民银行, Pinyin: Zhōngguó Rénmín Yínháng, Pall: Zhongguo Rénmín Yínháng) is the central bank of the PRC. The Bank of China reportedly has the largest foreign exchange reserves in the world, exceeding 3.2 trillion U.S. dollars. History of the People's Bank of China The People's Bank of China was the result of the merger and nationalization of three major commercial banks in 1947: Huabei Bank, Beihai Bank and Xibei Agricultural Bank. Because of the civil war, the headquarters of the NBK was located in Shijiazhuang and was not moved to Beijing until 1949. From 1949 to 1978, the Bank of China was the only bank in the country. To the sphere...
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In our last article on the secrets of MetaTrader 4, we have already learned how to set up sound alerts. Today we will consider how to set up email notifications. To make the terminal send the notifications of the specified events to your email account, you should open "Tools - Settings - Mail" tab, tick the "Enable" field and set up the mail server. The format of the parameter to be entered is marked in red in each field. Let's find out more about what you should enter and where you should enter it. The "SMTP Server" field is where you should enter the address of the mail server you are using. Through the colon you must specify the port number. As a rule, it is port number 25. My mail is on the mail...
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