If you’re using screenshots to take photos of your trading system’s trades as they happen and would like to insert a watermark on your charts, then this free code can help.
Posts with the tag MetaTrader 4:
If you’ve created a robot forex trading system, and you set an expiration date on your order then you might be surprised to note that if your expiration is less than 10 minutes it gets set to 10 minutes - or you get error code 3 (or ERR_INVALID_TRADE_PARAMETERS), which means the parameters you’re sending through the OrderSend or OrderModify methods are not correct. Why would you set an expiry date on an order?
How many lots do you need to enter if you only wanted to lose a fixed amount? There are several numbers you wanted to calculate a dynamic lot amount for each trade, these are: Entry Price Stop Loss Price Amount to Risk Value per pip (or point, tick) in account currency Profit/Loss Formula To calculate how much profit (or loss) we have made in our trade we would apply the following formula:
One way you can easily wipe-out an account is by not managing your currency risk effectively. Take the following example, where we have the following open positions: Long GBPUSD Short EURGBP Long GBPAUD Long GBPNZD Would you be comfortable if all these open positions were currently losing money and your robot trading system wanted to open a long GBPJPY position? The Problem The problem with our example portfolio is that we are all long the Pound currency.
How can you make your MetaTrader 4 software run faster? If you want to reduce the resources MetaTrader consumes on your computer then here are 5 easy things you can do without touching your Expert Advisor.
Which automated trading platform do you use? Here are the 3 most popular forex trading platform.
If you’re looking to get started with automating your forex system then the best way to get started is through MetaTrader 4.