Posts Tagged ‘MetaTrader’

MetaTrader is the trading software that is given to forex traders for free by most forex online brokers. You can not only use it for forex, but also to speculate other markets like gold, oil, etc. It offers low latency execution and hence trades are executed very fast. You can use this platform to build and backtest trading strategies and expert advisors. You can write […]

This is a free forex course aimed for the beginners and is part 3 of the series. In this video, you will learn about the MetaTrader platform. Most of the forex brokers offer you a demo account and the MetaTrader platform. Some brokers offer you custom platforms besides the MetaTrader platform. You can download the latest version of MetaTrader from the broker's website for free. By default, You have the charts of some pairs like the GBP/USD […]

In this video, you will learn how to set up an expert advisor on your MetaTrader 4 platform. To run an expert advisor, you need to use a windows computer with MetaTrader platform installed. It will not run in a phone that has the MetaTrader app installed. Assume that you have purchased it or downloaded for free, your EA from a website. Locate that folder that contains this EA. […]

In this video, you will learn about how to use the envelope indicator on the MetaTrader platform. This indicator is made of two simple moving averages, one of them is shifted upwards, and the other one is shifted downwards, creating a channel that envelopes price. This is a trend trading indicator. When price touches the upper or lower boundary, it indicates an extreme condition. You can increase or decrease the deviation […]

In this video, you will learn about the fractals indicator on your MetaTrader platform, and how to use it in your forex trading. The pattern consists of 5 candlesticks. This pattern becomes more reliable in higher timeframes. If you use this indicator in a smaller timeframe, then you will get too many buy and sell signals. There are two types of fractals, the up fractal and the down fractal. The up fractal […]

In this video, you will learn about the ADX indicator, and how to use it in your forex trading. This indicator is available on your MetaTrader platform. If you want to measure how strong or weak a trend is, you can use this indicator. It is important to assess the strength of the trend before entering a position using trend trading strategy. Weak trends may not last long and you […]

In this video, you will learn how to trade the Andrew's Pitchfork indicator in forex trading. You can use this indicator to find entries both in the direction of the trend and also reversals. The indicator consists of 3 lines in parallel. They are used to locate support and resistance levels. In an uptrend, you start with a low, high, and then another low to construct 3 parallel lines. In case of a downtrend, you start with a high, […]

In this video, you will learn about how to connect your MetaTrader software to excel software and view items live. You can watch bid price, ask price, etc. from your excel software. In order to do this, you need to first launch your MT4 platform. Then find tools, options items on the menu. Then find the enable DDE server in this window and select it. You need […]

In this video, you will learn about adding and removing windows inside your MetaTrader software. Below the chart is the terminal window. You can remove it by pressing the key combination Ctrl and T. Also, you can use the same key combination to bring it back. Next is the navigator window. You can use the key combination Ctrl and N to remove it. You can also bring it […]

In this video, you will learn about how to create a backup from your MetaTrader platform. Your computer may be infected with virus or you may face problems due to the operating system. In this case, you may want to reinstall the entire operating system. So, it is good to take a backup of important folders like templates and profiles inside your MT4 folder. You can use it […]