Monthly Archives: March 2017

  • 0

Why don’t brokers welcome trading according to the strategy of arbitration latencies?

Category : Robots

Arbitration trading is a modern type of high-frequency trading, which consists of working with speculative positions based on analysis and comparison of currency pair prices in the FIX API Forex market. The main idea of this strategy is to find the exchange differences between two different sites, as a rule FIX API Forex brokers. This makes it possible to identify where quotations appear faster at the trading terminal, and where they are lagging behind. Based on this, the trader or the algorithmic trading strategy opens the transaction at the site where the quotations are lagging behind in the direction of the “faster” broker.

Arbitration trading is divided into several types, based on the internal features of the process of performing transactions. I distinguish three key types:

  • FIX API Latency Arbitrage
  • FIX API 2-Leg Arbitrage;
  • Triangular Arbitrage

 

Each type gets criticized and has a number of both supporters and opposers. But it is worth noting that trading robots written by these trading strategies demonstrate positive results. Therefore, it is necessary to look for the problem not in the principle of arbitration, but in the software or the trading site.

Today, we will discuss the characteristics of the first strategy. Let me begin with its key advantages:

  • Minimum (or even zero) risks;
  • A large number of speculative operations;
  • The possibility of trading different currency pairs;
  • Historical analysis of the movement of quotations is not necessary;
  • There’s an opportunity to trade through the FIX financial protocol.

Why do most brokerage companies prohibit trading under this technique?

The fact is that such a technique is prohibited by those same brokers who conduct a “non-pure” game and open trading transactions within the company. That is, on internal servers in the Dealing Desk system. Those companies that allow their traders to trade through the FIX API protocol, thereby giving access directly to the market, do not restrict the trader in the choice of the technique.

Of course, with regard to the first type of companies, any yield of the trader is a direct loss of the brokerage company. And based on the features of FIX API Latency Arbitrage, this strategy is prohibited and in most cases this is even noted in  a separate paragraph when signing the agreement. And that’s why:

  1. Latency Arbitrage implies a low-risk strategy, and often such a system does not go to drawdown. No other trading system can provide such results. 0% risk is guaranteed to a trader. Since the system opens transactions based on the exchange rate which can be around 3-4 points, it constitutes the guaranteed profit.
  2. By fixing the minimum price movement, the trading strategy opens many transactions. So, about 100 transactions in one trading day are the average for Latency Arbitrage. Some brokers warn traders in advance that the withdrawal of funds will be available only after there’s certain volume traded. This type of arbitration, due to many transactions, allows to quickly trade the minimum volume set by the broker.

How to understand that the broker bans trading according to the Latency Arbitrage strategy?

As I mentioned above, it is set in the agreement with the brokerage company. Even if you read the agreement thoroughly, it doesn’t mean that you can trade with the arbitration system. Before opening an account and signing th agreement, I recommend that this particular issue be clarified directly with a broker’s representative, and even better, to get a notary certification of the data that the broker’s manager will report.

Let me emphasize that this strategy is ideally combined with integrated strategies. Although this strategy requires a “slower broker”, I recommend that you search for a brokerage company among stable top companies.


  • 0

Who develops trading software?

Category : Robots

In the twenty-first century, any trader has a number of support programs and utilities in their toolset that facilitate decision-making. These can be trade panels, robots, indicators, all that gets combined into a single asset analysis complex. And if previously a trader or a stock speculator could do with one phone, today HFT rules the market.

The software for it is varied and depends on the trader’s preferences: whether the signal will be displayed in the window or in notification form, whether the trade panel will be shown, or the trade process will be automated. As I said, there are many varieties and all of them can be adapted to the trader.

However, the same algorithm can be interpreted differently or, for example, have different conditions for entering the position. This depends directly on the software developers we’re going to talk about today. Let’s look at the key question, “How do I choose a software developer for FIX API trading?”.

There can be different software developers:

  1. A trader. It is quite logical that a trader can automate their own trading algorithm. Many FIX API traders are themselves software developers. Typically, these are private traders who trade their own funds. Often these developers share their work in the traders’ communities, where they accept orders to write trading algorithms. This is a great option if you have your own trading strategy that you want to automate. The services of an individual HFT are cheaper than those of the specialized companies, which we are going to talk about now.
  2.  Companies that specialize in support software development. Yes, they’ll request more money for development, but the depth and flexibility of the algorithm will be much higher. The speed of delivery will also be quite high. Another advantage of such companies is that they often provide support and optimize their products to market conditions. This allows you to use integrated software. I want to note the fact that companies also sell ready-made programs (robots mostly) that are already tested in the market: there is a historical record of trades, the profitability and trading performance of the algorithmic strategy. This is a great solution for someone who is looking for a trade expert to diversify trade risks or acquire a source of passive income.
  3.  Professional market players (hedge funds, banks, investment organizations, FIX API Forex brokers). This category can’t be called full-fledged   developers. They have their own divisions that specialize in algorithmic trade. This allows them to create their own software for internal use (not for sale). Moreover, comprehensive systems for transaction monitoring, risk management and internal communication are being developed.

This is a characteristic of support trading products. I would also note the market participants who develop trading terminals and special financial data routers. However, they do not affect the trading process (analysis and automation), but more accurately, create the process.

These are probably the key players in the development of support equipment for FIX API trading. Personally, my preference for a comprehensive request falls to companies that specialize in this process. These companies have experience in building software specific to the trader’s requirements, and also include traders that can help optimize the strategy, so that you can test these systems by acquiring a trial version. There is no such option with individual developers. If you need to modify one indicator or develop your own, then it makes sense to contact the individual developer. Again, I trust the software companies to develop a comprehensive solution.

Thus, the developer’s choice must be based on the requirements they have. If you have decided on the developer type, answer the following questions to choose whom to entrust the development of your algorithm:

  1. Do they have a product line of software?
  2. Is there a possibility to first test out the program?
  3. Is customer feedback available?
  4. What is the period of project execution?
  5. Does the developer support your product (provides updates and optimization)?

  • 0

How does the Forex market work: the key players

Category : Robots

The Forex market is an interbank currency market, because not only traders are interested in it, but also all the banks. It’s arranged quite simple. There are different currencies that traders can trade.

For example, there is the Euro currency and the American dollar. Between themselves, they constitute the EUR/USD currency pair which price can grow or fall. If many market players buy the euro, the EUR/USD price will grow. On the contrary, if many players buy the dollar, the EUR/USD price falls. The traders earn their profit on the buy/sell difference. On this basis, the FIX API Forex market acts by the economic law of demand and supply. Moreover,  $5 trillion worth of trade is made there every day.

No financial market can exist without its main participants. These include:

  • Exchange sites;
  • Banks;
  • Brokers;
  • Traders.

The exchange site is the key player in all financial markets. Without the exchange sites, the markets themselves would not be possible. The exchange site, simply put, is the place where currency buyers and sellers meet. FIX API Forex is essentially an exchange site that can be accessed without leaving home through certain trading platforms. Also in place of an exchange site can act  banks that provide quotations (that is, work as liquidity suppliers) to brokerage companies.

The bank is the biggest player in the exchange market, as the most common currency exchange is committed by the Central bank and other currency exchange banks. The average volume of the trade transaction is $5 million.

Brokers are intermediaries that accept buy or sell orders from FIX API traders and redirect them instantaneously to the market. For example, imagine if they weren’t exist. Then we would have to look for those who will sell some of the instruments we want to buy. Thanks to the broker, the trader doesn’t have to do this.

The trader is a professional member of the market who commits trade transactions. Each trader has their own approach to work. Some like to work every day conducting hundreds of deals, some open only one deal for a week, and so on. The main classification of the traders is by their trading strategy and transaction hold  period. Therefore, it makes sense to classify traders as:

  • Scalper;
  • Intraday trader;
  • Position trader;
  • Medium-term trader;
  • Long-term trader;

  1. “Scalper” is the type of trader that commits a huge amount of transactions in a short period of time. The main task of a scalper is to net the profits of a couple of points from the movement. This type of trader is gradually being phased out because of improved bidding. Predicting the full potential and taking the maximum benefit with the minimum risk is quite difficult to a market newcomer, and so there is algorithmic trade to help the trader.
  2.  An intraday trader is the type of trader that commits transactions of one day duration. The main task of such FIX API trader is to net the profit before the end of the trading day. The main motivation is the reluctance to leave deals open, for example, overnight. If you want to go to bed every day with a clear mind, this type of trading is just for you. This type of traders is the most common in the FIX API Forex market. The fact is that approximately 55 to 60 per cent of the total trading at the exchange site is carried out by this type of traders. The average capital size though is the lowest among all types of traders.
  3.  A position trader is the type of trader that engages in transactions that last several days. Most often, the transactions are closed before the weekend. The main objective of such traders is to net the profit in time of the most active market price movement.
  4.  A medium-term trader is the type of traders that can open several transactions throughout the year. Often, the duration of such a trader’ transactions is at least a week.
  5.  A long-term trader is the type of trader that often makes a deal for up to a year and even more. The main characteristic of this type of trader is looking at transactions as investment in certain currency pairs. Such traders are most likely to become investors.

These are the key players in the FIX API Forex market. To be successful in trading, you need to know each link that connects the market together. This will make it possible to become more professional and optimize trading.


  • 0

How to select a Forex robot. What you should know

Category : Robots

A modern trader’s toolset has been expanded several times, which makes them use more and more displays. Interactive graphics, automated candle models, modified technical indicators, and trading robots – these tools are now utilized by almost every trader.

We’ll talk about trading robots today, take a look at their specifications and variety, and most importantly, identify key points in searching for an effective algorithmic trading strategy.

A trading robot is a piece of software that is designed to automatically analyze a financial tool in the FIX API Forex to make buy and sell transactions without a trader’s participation. In other words, the program allows a trader to automate the trading process. Every FIX API trader has their own individual trading system by which they trade, analyse, and make effective decisions. This algorithm of human-market interaction can be converted into code. A trading robot is an effective tool in a trader’s work, as it frees up more than 90 percent of working time. The trader only needs to optimize it under market conditions.

As I said, the robot mirrors the trader’s system. But over the past few years, many new automatic systems appeared which make it possible to net a profit in the market. Thus, it can be used not only by traders but also by investors for whom a trading robot is a source of passive income. The emergence of many new trading algorithms has led to the need to classify them as follows:

  1. Trend-based robots: these operate only by analysing a trend and determine the most advantageous entry points on the basis of all the same trend indicators;
  2. Grid robots: the essence of these algorithms is that several pending orders are set on the graph, based on the specified parameters. This creates a “grid” which consists of simultaneous buys and sales from the specified levels. To determine these levels, traders often use the support and resistance zones, Fibo indicators, pivot levels.
  3. Robots based on technical indicators: Perhaps the simplest type, where transactions are performed on the condition that the specified indicator parameter or signal is reached.
  4. Trading robots based on integrated trading systems: popular trading practices and trading systems are getting improved for working in automatic mode.
  5. Scalping robots: the essence of the algorithm is in committing large numbers of transactions to get several pips of return on each one. The financial result is due to the effective analysis and low spread. Note that these robots can be based on virtually any condition for opening positions.
  6. Arbitration robots: similar to scalping robots, they commit many micro-transactions, but the key difference is that in FIX API arbitration trading, the difference in the value of the same currency pair at different stock sites is taken into account .

These are the main types of trading robots that are on the market. These types need to be well-known and understood to find a working algorithm that satisfies the trader with the result. However, knowledge of the types only will not suffice.

The key points to be taken into account when selecting a trading robot for a FIX API Forex trader:

  1. The algorithm that the robot is based upon. The type of the robot shows its core working principle, while the algorithm provides an understanding of the methodology and specificity of analysis and conducting trade transactions;
  2. The availability of updates. When you buy a robot, you should also take note of the updates. Forex market is not stationary, and the algorithm needs to be adapted under these conditions. The best way to buy an algorithm is to sign an update support contract.
  3. Work timeframe and the list of trade instruments. You should understand which currency pairs the trading robot works with, so that you can compare it with the specifications of your FIX API Forex broker.
  4. The parameters of risk and money management. The trading volume, allowed drawdown levels, maximum load on deposit are the key trading indicators. The trading robot must be flexible in this respect and adapt to your deposit. Static algorithms that have a fixed amount or do not even include these parameters in their method of opening the orders, should be avoided.
  5. The historical yield of the robot. The best opportunity to analyze the algorithm is to analyze its financial result. If a robot can be tested on historical quotes in the strategy tester of the FIX API MT4, this will be a clear advantage.

These are the key parameters that I recommend to take into account when you select a trading robot to work on Forex. This competent approach allows to choose a working algorithm that makes your trading profitable.


  • 0

How to attract more clients with a PAMM account

Category : Robots

Every trader seeks new sources of additional earnings in the financial market. The search for investment-attractive assets, continuous analysis and operations can be improved through additional investment. However, how does a trader get the so much desired extra capital? That’s what we’re going to talk about today, and we’ll consider the PAMM system and how it can help a trader in their activity.

The PAMM account is a specific tool that suggests accumulating additional funds in the account in the form of investments. Simply put, the PAMM account allows the trader to obtain additional funds, and investors to get a source of passive income, which is much higher that that of bank deposits or government bonds.

How to connect to PAMM system?

A FIX API trader that has long trading statistics, as well as demonstrates positive trade results, can open a PAMM account. The essence of PAMM is that the trader who acquires additional capital, can carry out more deals, enter new markets, or reduce the risks of their trading strategy. The investor, after selecting a manager based on their system’s financial performance, acts as a “donor” for the account and receives interest according to their share in the total volume.

An example:

One PAMM account is connected to one manager and four investors. The total amount is $10,000 (4 investors put $2,000 each, and the also manager put the same amount). On the basis of the positive trade results that this account shows (stable profitability, low drawdon level, normal values of the Sharpe coefficient and mathematical expectation), another investor decides to connect to this account (with all the same $2,000). Thus, the share of each participant decreases from 20% to 16.66%, but the invested capital is increased. The profit that will be recorded at the end of the month will be divided between all account participants. For example, with a 10% monthly return, which is $1200, each participant will be able to receive 16.66% of this profit. I will note that the manager may charge a certain percentage of income from each participant which is 30% on average. That is, 30% of 16.66% of return. For example, if the return from $1,200 is $200, $60 will be retained by the FIX API trader.

If you have a trading algorithm that is already tested on the market and shows profitability, I recommend that you register it with the PAMM system.

Why is that?

As we have already seen, this will allow you to increase your managed capital and earn additional income from your own trade as a percentage of investors’ funds. But there are also several additional positive points:

  • A stable long-term result ensures that the PAMM managers are promoted in the rating;
  • There are image benefits. It comes out of the first paragraph. Customers and potential investors will be more loyal to such a manager;
  • Cross-sales opportunity. If you have great trade results, customers will be able to trust you not only to resolve investment issues;
  • The existence of a PAMM account shows the openness of the company or trader. Full access to statistics and the result of trade is an important advantage in choosing the manager. The investor must be informed in which market the trading is done (FIX API Forex or stock market). In addition to PAMM, you can bind the results of the trade account to external services and generate a flow of customers from these sources.

Of course, for the trader to be promoted successfully, the positive trade dynamics and the openness of the result are needed. However, compliance with these conditions, through the PAMM system, will increase the current profitability and attract new clients to your trading.


  • 0

Trading experts for FIX API MT4 and MT5: what is the difference?

Category : Robots

Today, a number of auxiliary tools for effective financial market analysis is available to any trader. Modified indicators, trading panels, and algorithmic systems are created, that can operate autonomously without trader’s participation. The latter category, represented by trading robots (also called Expert Advisors), gains more and more popularity every year.

Expert Advisor is an algorithmic trading consultor, which is able to analyze and perform transactions on FIX API Forex market in automatic mode. These trading experts, based on their code, make the transactions and independently record the result. An Expert Advisor analyzes the conditions for trade with the help of the trading system, which is essentially a piece of software code.

Today there are many trade experts, which can be divided into several categories:

  • Trend experts (that trade on trend-based indicators);
  • Scalping experts (that commit lots of trading operations in a single trading session, aiming to fix a few points of profit);
  • Martingale experts (based on a building up positions in a non-profit operation to cut off the loss and earn on this motion);
  • Grid advisors (commit buy and sell operations using the order grid, usually on the basis of set levels);
  • Advisers that work with ready trading strategies (popular trading strategies for trading at Forex market also often get formalized as code to automate trade);
  • News-based (experts written to work in the moment when news or strong macro indicators get published, which creates higher volatility);
  • Copyright advisors (developed on the basis of individual trading strategies).

All these advisers are ideal for trading on both the FIX API MT4 platform, as well as MT5. The difference is that an advisor written for one platform cannot be used on the other one. It’s all in the code. MT5, as more recent software, supports the new programming language format MQL5, while at the same time, FIX API MT4 only supports MQL4. Therefore, advisors dedicated to the 4th platform won’t work on the 5th, and vice versa. It is worth noting that most advisers are now written for FIX API MT4, because the market only gradually turns to the new trading platform. These advisers have already gained their popularity and are fully optimized for use with the 4th Terminal.

But there’s no other conceptual difference between the two types of advisors. The core trading algorithm may be the same, while code features don’t play a key role. For example, trend-based advisors for both FIX API MT4 and MT5 will analyze the market by using trend indicators and then open transactions. Similar to the rest.

As you can see, Expert Advisor is a program that is designed for automated trading on the market. Use of this software is pretty simple. When purchasing or downloading the EA, you receive a file with the extension .ex4 or .ex5 depending on the version of the Metatrader trading terminal. For the successful operation of this program you do not need to install it, it is enough to just copy it to the root folder of the Terminal. Then the expert is ready to work. “Installation” process is the same for both versions of the platform.

Trade experts greatly simplify the trading process, thanks to the automated approach. Expert Advisor solves the problem of missing profitable market signals and facilitates FIX API trading to improve the financial result of the trading strategy. The use of algorithmic advisors allows to diversify the risks of “manual” trading.

 


  • 1

Grid Forex strategies

Category : Robots

Starting their journey in trading on the Forex market, every newbie first goes through dozens and even hundreds of trading systems. From the outset, not everyone understands what type of trading is right for them and what principles to use in trading. This “Holy Grail” search may go from a scalping system to a level-based one or even to FIX API arbitrage. If you are reading this article, then surely you’d like to learn a new methodology or improve your current trading system. So, I’ll give a small FIX API tutorial in which I will try to outline all the principles and  the methodology of the grid trading system, its types and key points in trading. First, let’s define that the grid strategy (or as often called in the trading community, the grid system) is an action complex of trading one asset, usually in different directions using pending orders. Simply put, the trader sets buy and sell orders based on the specified algorithm set in the system. The algorithms that a trader (or a robot, if the system is automated) uses, may be different. As a rule, support and resistance levels or Fibonacci levels are used in grid trading. Also a popular method is using pivot levels, which in principle is based on the same support and resistance levels, but set automatically, rather than by the FIX API trader manually.

Let’s take a look at a practical example. Grid trading system is based on following the  trend and finding Fibo correction zones to enter the market. That is, the trader determines the trend. Then, with the help of Fibo, he or she finds the local maximum and the local minimum of this trend and sets Fibo from 0% to 100%. The next point of this algorithm: setting a limit order to buy when the correction level reaches 61.8% with the sell order from 38.2%, as there’s a high probability that the trend will continue to decline. Now we have a grid of two orders for the same currency pair. There are also additional transaction options when for example a transaction was entered at 61.8% and continues to grow. Then you can open another deal upon reaching 76.4%, 100%, 138.2%, 161.8%, and so on. And you’ll “trail” the loss limitation level after you reach each set point, thereby ensuring yourself a profit.

This is just one of many options of the grid strategy. As you can see, working in the grid allows to operate more flexibly in the market and “squeeze” more profit from a deal. Leveled grid strategies work similarly, as there the orders are set by levels. Key benefits of grid trading:

  • If there is a sustained trend, extra profit can be guaranteed, because “adding” goes in the direction of profitability;
  • Minimum number of support tools, since you only need 1-2 of them;
  • Flexible risk management.

Key disadvantages of grid trading:

  • In case of flat movement, there are many false signals and thus “locks” appear that do not generate neither profit, no loss;
  • Control of the moments of reachig the levels.

Since the grid trading requires a lot of time for analysis and monitoring of the current deal state, I recommend that you automate this process. FIX API Forex market tends to change constantly. A trading robot greatly facilitates the participation of a FIX API trader in this process. It is also worth to note that this strategy will suit those FIX API brokers that allow to trade one instrument both for purchase and for sale. In other words, those that provide “account hedge”. Grid trading can be used as a ready trading system as well fit an already formed algorithm, being an effective filter for decision making.


  • 7

Scalping strategies for Forex trading

Category : Robots

Every trader selects their trading system on the basis of their preferences, their understanding of the algorithm, and the ease of making transactions. Any modern FIX API trader has in their portfolio several systems that are suitable for a particular asset or market. Also in the information technology age, the available set of these tools only grows with workflow automation, new methods of analysis and deal making.

One of the strategies, which in my opinion should be at least tried by all traders, is the scalping system. Scalping system is the process of making trading operations, which are carried out in a few minutes with the aim of fixing a minimum price movement (a few points). This strategy will add to the positional or speculative positions day-trading, in order to diversify risks.

Scalping usually takes place on smaller timeframes (M1-M5). Also this type of trading, as I mentioned above, is characterized by short position hold. A trader opens a transaction and keeps it open for about a minute. Thus, a scalping trading algorithm has no complex entrance principles.

Key benefits of scalping strategies:

  • A simple algorithm for performing trade operations;
  • Combination with various technical indicators;
  • The low rate of drawdown;
  • Increase in the volume of trading operations (which for someFIX API Forex brokers is an important indicator);
  • The ability to combine it with investment positions.

Disadvantages of scalping trading:

  • Limited work (it is best to trade currency pairs with high liquidity, where there will be no large spreads);
  • Low mathematical expectation of the strategy.

Scalping algorithm can be based on almost every popular method of analysis of a financial instrument. For example, it is possible to trade on this principle using the intersections of simple moving averages, signals from oscillators, recapture of resistance or support zones on the lower timeframes.

Thus, all scalping strategies can be divided into several categories:

  1. Scalping on the basis of the depth of market: this type is based on the analysis of the positions opened by traders, banks or shopping robots, leaving their claims in a market book. An important parameter for scalping is increased market volatility. On the FIX API Forex it is enough. But when there is information that a large buy or sell order is posted, we should expect impulse movement that will help to extract bigger profits.
  2.  Graphic scalping: this type allows to make deals on the basis of technical figures and hold results thanks to the classical methods of price action analysis.
  3.  Scalping based on technical indicators. As I wrote above, scalping strategy can work with almost any indicators. Important is the fact that the transaction is committed after two or three profitable bars on a small timeframe.
  4.  Arbitration scalping. This type is difficult for a trader to perform. Here trading robots come to help, written specifically for trading via the system of FIX API Latency and 2-Leg Arbitrage. This type is about opening speculative positions on the basis of exchange rate differences at different stock exchanges.

These are the key categories and varieties of scalping strategies on FIX API Forex market. Each of them has its own rules and methods of entering and exiting positions. I’d like to note though, that there is no “best method”. It depends on the frequency of use of the strategy.

Using scalping strategies in trading, you must taken into account the fact that this process has to be automated in the future. There are already many expert advisors and robots on the market that are written specifically for this type of trading. Selection of algorithmic trading will automate this process and facilitate the constant market monitoring.

Scalping is a modern tool for the current “stock speculator”, which helps to improve trading performance.

 


  • 0

What’s MT4 and how do you work with it with your forex robot?

Category : Robots

Today’s FIXAPItrading requires modern technical solutions that allow to trade more comfortably and to improve financial results. Meta Quotes company provides a solution for these problems thanks to its Meta Trader 4 trading platform.

MetaTrader 4 (MT4) is a trading terminal that can be used to perform operations both on the FIXAPIForex market, as well as other other stock exchange sites via brokerage companies. Today a bigger part of brokerage companies offers their clients this platform for one simple reason – it is free. It is rare to find a product that fully interacts with the market and is still free.

Using this terminal, one can configure all the required settings in accordance with the trader’s system specifications. MT4 has a friendly interface and easy functionality. Integrated auxiliary elements allow to make custom chart layouts and adapt each chart under the trader’s preferences: to set indicators, trading alerts and notifications, informative indicators and other tools. As MT4 is completely synchronized with MQL4, any file of this type will be recognized and accepted by the Terminal.

MT4 trading terminal is the ideal solution for traders, because it includes:

  • A list of built-in indicators, divided into groups (trend-based indicators, oscillators, volume-based indicators);
  • A possibility to add your own indicators;
  • An ability to connect to trading experts and trade panels;
  • Downloading quotes as an excel file;
  • Monitoring of the trading account condition via MQL resource and MyFxbook;
  • Built-in Strategy Tester;
  • Built-in Meta editor for creating trading indicators and robots based on the MQL4 programming language (you can still use any robot written in other languages, that is, FIXAPIJava,FIX API python,FIX API C#, and adapt them to the Meta editor);
  • An ability to plug in trading robots for automated trading.

The main advantage of this platform is in the last point. Most terminals are simply limited to this function. Traders have to conduct analysis in one window, and carry out trading in a second one. And that’s with “manual” trading.

In order to connect the robot to the trading terminal, it is necessary to make just 5 easy steps.

The downloaded file (which is a robot) has to be copied to the root folder of MT4 (in the Terminal window: file – data directory – MQL4 – experts). And then you have to refresh the Terminal. That’s it! Trading robot is ready to work.

* Note that you have to switch the robot to the auto trading mode. This is done in just one click.

Trading robot, after these easy manipulations, starts trading in automatic mode. A robot is a program that, based on the obtained data, performs an analysis and makes decisions to buy or sell the asset. Thus, the trading terminal displays quotes coming from the FIX API broker and trades in auto mode.

Another advantage for using the MT4 platform is the fact that a robot can be tested on historical data with the help of the Strategy Tester. That is, to analyze how the trading robot performs on some virtual data, after which only it can be entrusted with the real assets.

The trading robots that have been written for this terminal, can also be used with FIXAPI protocol. Is one of the main advantages of the trading terminal, because almost 90% of trading robots work through this protocol. That is, the algorithm can also be adapted to work without the Terminal itself.

Meta Trader 4 platform is an ideal solution for both manual and algorithmic trading. An extensive list of features makes this platform one of the best trading terminals at the moment.

 

 


Contact Us

Recent Comments