MetaTrader

Programming language. MetaQuotes Language represents modification of language” Easy Language” already familiar to us. It differs with the additional logic elements of syntax intended for an exception of fine tuning under the historical data and issues of signals, impracticable on the real account. So, positions don’t open if the quantity of bars on a drawing is less than 100 and if Take Profit and Stop Loss 10 points from a point of opening of a position. Thus there is a weight of unnecessary functions, for example, the instructions, at what price open a position – Bid or Ask. Clearly is that anyway the transaction will be made at the price of the broker. It differs from Easy Langauge with the reduced names of indicators.

The interface. Besides, it in something reminds Omega PowerEditor, only in the simplified kind, even badges on buttons is identical – developers haven’t worked to think up something original. The program allows creating three kinds of software solutions: the user functions, indicators and experts. Designing of strategy “on slices” as in Omega PowerEditor, it is impossible: all becomes in one window where register both long and short inputs and exits.

Testing and trade for the real account. Both testing and optimization of strategy and trade for the real account are produced in the program of technical analysis MetaTrader. To apply the expert to the schedule, it is necessary to choose it in folder Expert Advisors. Optimization became possible in last version, unlike previous where it was necessary to look for parameters manually that did the program almost unsuitable for testing of strategy. It is necessary to notice that the program carries out tests very quickly. Developers explain it applied by “genetic algorithm”.

Difference of the given program from others is in that it allows writing and testing strategy; possibility of automatic trade, i.e. the optimized system will give out orders to the broker without participation of the trader. Naturally, it is possible only then when the program is started and connected to the server of the broker.

Execution of warrants. In the program the same warrants, as in the program Omega ProSuite are performed.

Construction of the user indicators. The user indicators are under construction similarly to that, as well as in Omega PowerEditor: at first functions then there goes indicators. There is one annoying oversight – if in Omega PowerEditor it is possible not only to create the indicators, but also get into code of standard indicators, in MetaEditor this possibility isn’t present – for example, for some reason Bill Williams’s indicator AC is deprived variables though in their “initial” variant should be two – the green histogram and the red histogram. To rectify an error it is not obviously possible, as the indicator is already brought in an initial code of the program in such kind. By the way, such feature is available and at MetaStock.

People who took the decision to participate in forex trading must start from learning the basics of currency exchange market to make sure you do not have problems with this industry.

There is another option – you can hire experienced traders to do this job for you – read more about forex investment here. Also make sure to look for the knowledge in a good forex book.