Tags » MT4

First of its kind: Algo scripting on MT for Bitcoin weekend trading

I stumbled on this when doing some research. To my knowledge there has never been a weekend trading algo (in Metatrader universe called an ‘Expert Advisor’) and I’m curious how this will work. 45 more words


Molanis is considered the best graphic environment to create expert advisors and custom indicators for MetaTrader 4 and MetaTrader 5. No coding, programming or MQL knowledge is required. 256 more words

What the **** are you hedging?

When a trader has a long position in a specific instrument and then initiate an opposing and equal quantity short position, he has effectively closed his position. 332 more words




MetaTarder 4 build 600 features the new structure and location of the client terminal files. Now, MQL4 applications are placed in separate directories according to the program type (Expert Advisors, indicators or scripts). 1,699 more words


MT4 - What's it for?

I wanted to share some of my findings using MT4 to write MQL4 programs and backtest strategies. It has been quite sobering. My beloved trend following strategy has run aground, failing to make profit even when given a cherry picked trend to work on. 279 more words


Currency Correlation in Online Forex Market


The relationship between two currency pairs over a period of time. A positive correlation between two currency pairs indicates that the two pairs tend to move in the same direction at the same time. 752 more words


Forex Money Management Tips

Money management is one of the most important problems of new and even advanced Forex traders. Almost everybody can find a good trading system that can be beneficial but something that causes traders to lose and be negative at the end of the month, is lack of a proper money management strategy. 565 more words