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Sunday, January 10, 2010

MetaTrader Expert Advisor EA

Why Metatrader is the best way to trade Forex?
Many Forex traders that enter the market are clueless on how to trade. Most, if not all Forex brokers offer demo practice accounts to get you adjusted to their platform. The great thing is a lot of them are Metatrader brokers. This means their core platform comes from a company called Metaquotes. These brokers more or less lease the software and allow the traders to build their trading strategies.
The most powerful thing you can do with this software is create your own trading strategies and program them into an Expert Advisor or EA for short. These EA’s are state of the art and allow you to auto trade the strategies. Auto trading is a phenomenal thing, in that you don’t have to be at your computer for trades to open and close. The stability of the platform is fantastic and the only thing that may carry some worry when you are not present is your Internet connection.
The top 10 reasons why you should use the Metatrader ( MT4) platform:
  1. The Metatrader platform is versatile and very stable.
  2. There are plenty of Metatrader brokers to choose from.
  3. You can find metatrader expert advisor programmers to create your strategies into EAs if you can’t do it yourself.
  4. If you look hard enough you can find free meta trader EA’s.
  5. The software is free to demo with for as long as you want.
  6. You can create your own Forex Trading Robot.
  7. You can create as many Trading templates as you wish.
  8. You can manually back test all the strategies you plug into the system.
  9. The charts are very clean and very easy to read.
  10. The reporting gives you full statements and information without logging into a broker website.
So, why wouldn’t you use Metatrader as your platform for your Forex trading? The only real way to know if this platform is for you is to open a demo account and start practicing with it. Metaquotes
You may also want to consider a Metatrader hosting provider to host your trading EA’s.

Forex Trading Signals

Are you still looking for the right Forex Signal provider?

Listed below are some of the more well known companies that offer Forex Signals. Committing yourself to one of these companies for at least one month will help you know if this is the right strategy for you. Not all signal services are created equal.
Forex Live on the News – This is a news trading service hosted by Dustin Pass. A well known trader that manages accounts and offers signal service for all kinds of traders. News trading can be difficult, but Dustin seems to find a way to trade successfully.
NetPicks – one of the major players that has been around for a very long time. A lot of signal providers come and go, but Netpicks has stuck it out because there systems are always evolving with the markets.

NFP News Trade 

As of right now it looks like our NFP news trade for the month is a no trade since we did not break our 15 minute range. We will give the currency pair until 12:00pm Eastern to seal its fate. Should we get a breakout this late we will keep a tight stop and only look for a slight gain. We’ve had three good months in a row, so we may have to wait for next time.

Netpicks.com could be your signal provider

You may still be looking for a Forex signal service to help you with your trading. Netpicks.com may be able to help you.

NFP News Trade 

These are the results for our support and resistance trade on the NFP report for April 2008.

Non Farm Payroll News Trade

The GBPJPY was the currency pair to trade this time around during the Non farm payroll news trade announcement at 8:30am this morning. There was a perfect support and resistance level created within our 15 minute time frame. Although the news was really choppy on other currency pairs, the Sterling Yen was acting really well…

NFP News Trading

What to look for? The forecast is set for an even 5%. Alright, so what does this mean to us news traders? This NFP announcement is obviously one of the biggest events in some time, so we should see movement on all currency pairs. NFP news trading can be very profitable….

Forex Auto Pilot

The name speaks for itself. Having a Forex auto pilot is a nice thing to have when it is working in your favor. Forex trading is definitely making more of a transition to auto trading, due to its 24 hour style. It’s hard to stay up all night waiting for trades to…

Forex Trading Robot

We all thought robots would be in control of the world one day and that hasn’t happened. Right now there is something serious brewing when it comes to Forex trading robots. These trading robots are allowing traders to trade without emotion. The hardest thing in trading is keeping emotion on the sidelines…

Forex No Loss Robot

Is this true? A no loss Robot seems crazy and maybe it is, but it may be worth a gander. We’ve seen many good Forex Robots and bad ones, but a NO LOSS one seems amazing.
Some major points the Software says it does.
1. A no Loss System – Seems odd, but could it be.
2. No experience in Forex – This we highly recommend you get some experience before you trade anything.
3. Trade Automatically – It’s always nice to have something like a Robot Trade your money, just keep your eye on it.
4. All Currency Pairs – This is a plus, if it is a good robot it shouldn’t just work on one pair.
5. Easy to use – This is a huge point.
6. Trades while you are a sleep – You know how we feel about this
Forex No Loss Robot
A built in Money Management application is a great hing on a robot. This can save you big time. There are also plenty of bonuses that come with the download. These products always have free stuff, which is a plus as well.
You can see other Forex Robots by clicking here.
We may have to give this a test run to see if it works. If you try it out please let us know how it goes. We like honest results.

Forex News Trader

How do the majority of profitable Forex traders truly profit in the FX market? One way… they trade the news!
Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade – as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.