I created myself one just now: Live quotes Price updates Orders Analysis of trends Auto-execution of trades Accessibility is a major criterion for evaluating a platform. It ensures round-the-clock access to financial markets and market information as well as quick order execution. In order to carry out technical analysis, the client's terminal has more than 40 indicators using which clients can make predictions regarding the market and determine its tendencies more accurately. If something is wrong, the trading terminal will let you know by displaying an error message in the journal.
Trading platform MetaTrader 4
In Forex trading MT4 is one of the most popular platforms and can be downloaded for free. MT4 allows for automation of order execution through programs in MQL4 language, which is proprietary in nature. One of the most attractive features of this platform is the flexibility it offers — it allows for the construction of custom indicators, to suit the needs of different users. The simplicity and multiple inbuilt tools on the platform make it a popular choice. Since MT4 has been so widely used across geographies, it has been translated into multiple languages which a big plus for users in non-English speaking geographies.
The platform provides numerous charts which allows trader to analyse the market with a technical perspective. MT4 provides for algorithmic trading which can be used by a trader as customised Expert Advisors.
Though an experienced trader might still prefer their own skills for executing orders, EAs can help novice traders learn the intricacies of the markets. The platform allows for text message based communication between a broker and customer. The platform provides for user-based customisation on multiple fronts such as indicators, Expert Advisors etc.
Most Forex brokers have been offering MT4 as the preferred trading platform to their customers, and this has resulted in its high popularity among retail traders. Over time, MT4 platforms have become the industry standard, however, JForex offers a quality alternative to MT4 and provides features and functionalities on par with the industry leader.
Functionalities — The JForex platform can be used for trading in Forex and provides for a large range of order types, including market, stop, limit, take profit, stop loss , stop limit, trailing stop etc. It also provides for slippage control mechanisms, which can be used to control maximum price slippages during order execution. The platform can be used in net position as well as hedging mode. Automated strategy visualisation — JForex enables a visualisation of the selected trading strategy based on historical data, for testing the strategy before implementation.
Chart Trading — JForex provides multiple elaborate charts for the user to perform their analysis. Read the license agreement, select the check box I accept the agreement and click Next to proceed.
Indicate directory where you previously installed MetaTrader 4. To start the installation click Install. Click Finish to close the installation dialog box. Installed EA should be seen in the list. Double-click on OneClickTradingLevel2 or simply drag and drop it onto the chart. Metatrader 4 is a modern and easy-to-use trading platform for online trading.
It ensures round-the-clock access to financial markets and market information as well as quick order execution. Today I want to share all my knowledge and insights with you.
You will get the following message: If you have set up everything correctly, then the terminal journal should eventually display the following message: Check your personal email — you should have received the test message: Open MQL4 and create an empty script. Copy-paste the following code: What are you waiting for? Learn the Top-5 Forex Trading Techniques. Enter your email below: Learn the 3 Forex Strategy Cornerstones. Enter your email address below: