An ideal solution would be for FXCM Trading Station 2 itself to automatically poll the server and auto-login, but alas we do not have that benefit. People will appreciate and like you. Instead you should force reconnection manually see point 7. Standard accounts are for more serious traders who want anonymous order executions and no trading restrictions. Signing up for the Trading Station platform is easy. Will I be notified of future updates, found bugs, or any other announcements? Many of the features available on the main screen are similar to those available from other online brokers.
Using a unique charting system, Trading Station allows intuitive chart trading across all FXCM instruments. Automated Strategies Trading Station opens a world of opportunities with automated strategies, custom indicators and the ability to backtest strategies.
FX Research: Friday Sept 14
In his field, I feel he is the real gem. Forex Harmonic Detection Indicator. Newer Post Older Post Home. Well, they're probably two of the most advanced ind This interesting Meta4 indicator combine the optimized Kor-Zup indicators, together with other tools like Pivot target and Doubl A technique to improve your trading decisions Have you ever seen RSI overbought and wonder whether it was the right time to sell?
The same costs are deducted from all trades, both long and short. At the same time, the trade is assumed to have been filled at the specified price, either the current price for a market order or the specified stop or limit price. MQL4 uses a somewhat more sophisticated approach to trading costs and fill prices. In MetaTrader, it's important to understand that each price is actually two prices, the bid and the ask. The bid is the lower price, whereas the ask is the higher price.
Buy orders are always filled at the ask, and sell orders are always filled at the bid. A price chart displays the bid price only. This means market buy orders will be filled above the apparent market price based on the chart , whereas market sell orders will be filled at the price seen on the chart.
This is consistent with the common practice in forex trading of paying for the trade through the spread rather than paying the broker a fixed commission. For example, a buy stop order is only filled if the ask price, which is above the chart price bid , touches the stop price. If, for example, the price bar on the chart just touches the stop price, it may appear that the order should be filled, but MT4 won't show the historical trade as filled unless the ask price reached the buy stop price.
Similarly, a buy limit order will not be recorded as filled unless the ask price reaches down to the buy limit price. Sell stops and limits are filled at the bid, so, unlike buy orders, their fill prices directly correspond to the chart prices.
If a pending order stop or limit is too close to the market at the time it's placed, the order will be rejected. This is based on the idea that there won't be sufficient time to place the order before the market moves through the order price. This minimum distance can be retrieved using the MarketInfo.. Similarly, a pending order cannot be modified in MQL4 if the current price for the order is within the so-called "freeze" level.
In other words, if the order is so close to the market that it might be filled at any moment, you're not allowed to modify it. That is, they both have similarities to the C programming language, which is a general purpose, procedural programming language developed in the late s. The help files in MT4 note the differences. Indicator Differences For anyone contemplating converting an EasyLanguage strategy to MQL4 or vice-versa, be aware that not all indicators that are available in both platforms are calculated the same way in each platform.
In particular, the following indicators give substantially different values in each platform for the same price data: It should also be noted that TradeStation includes more built-in indicators than MT4. Through the online forum for MT4, however, it's possible to find a wide variety of indicators that have been provided by other members for free. With either language it's possible to develop highly complex and sophisticated trading strategies.
In general, my experience, which seems to be supported by others, is that MQL4 is a more challenging language to master than EasyLanguage, though most TradeStation users would probably agree that the name 'EasyLanguage' is a bit of a misnomer.
Much of the complexity of MQL4 comes from the requirements it places on the programmer to manage trading orders, something EasyLanguage handles behind-the-scenes for the most part. However, the extra burden comes with greater control and greater accuracy in estimating fill prices in historical testing. Overall, it's not surprising that MT4 is a popular trading platform for forex and that MQL4 has been high on my list of requests from customers of my Adaptrade Builder software for strategy building.
Your comment will be deleted! Subscribe without commenting E-Mail: Buzz Up Digg Mixx Twitter. Leave a Comment Click here to cancel reply. Any commentary, news, opinions, research, prices, analysis or other information published on this website is provided solely for educational purposes, and does not constitute investment advice. Please also note that spread betting and margin trading of futures, options, off-exchange retail foreign currency forex and contracts for difference CFDs involves significant risk of loss and is not suitable for all investors.
Increasing leverage increases risk.
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Ensure that the indicator is installed in the same place as the Trading Station Platform Restart the platform FXCM Technical Support Video Tutorial Installing FXCM Apps Indicators (). All these indicators and strategies are for Trading Station II/Marketscope , one of the world's most popular and award-winning trading platforms. Get free indicators and advisors for Metatrader 4 (MT4) trading platform, another popular trading platform. Indicators MT4 FXCM SSI MT4 FXCM SSI, powered by zooguillem.ga, plots the historical FXCM Speculative Sentiment Index (SSI) directly on your MT4 chart! FXCM SSI is a very popular data indicator and until now was .