How To Simple with Metatrader 4

GitHub now supports the MQL5 and MQL4 languages

We are happy to announce that one of the largest Git hosting services GitHub now officially supports the MQL5 and MQL4 programming languages. Now, developers of trading robots and indicators can use all the possibilities of the GitHub web interface, including access to the statistics of the repository languages, automatic syntax highlighting while browsing the source code, and filtering of search results by language.

How to Rent A Virtual Platform in MetaTrader 4/5?

Detailed how-to description that will help to rent a virtual hosting directly from a MetaTrader trading platform. Its simple: choose nearest server and payment plan in order to let your robots and signals work for 24 hours a day.

Preparing to Migrate Robots and Signals to your Virtual Hosting in MetaTrader 4/5

How to setup a trading environment, in order to execute your trading robots and signals on a MetaTrader virtual platform for 24 hours a day?

How to Control Resources and Manage Virtual Hosting Subscriptions in MetaTrader 4/5?

How to analyze the virtual hosting resources report and how to control your Virtual Hosting subscriptions in MetaTrader - we show you in this video.

A lesson on what traders of the stock, futures, and forex markets look for when the Gross Domestic Product (GDP) Number is released.

As we have learned in previous lessons there are many components of the US Economy which can affect overall economic growth and inflation expectations. Some of the major examples here are how many people are employed in the economy vs. unemployed, how much the housing market is growing in different parts of the country, and at what rate the prices for different products in the economy are seeing increases.

As all of these things are so important to the economy and therefore to the markets, there are no shortage of economic reports which are released to try and help people gauge how things are going with different pieces of the economy. It is important for us as traders to understand the major reports here as even if we are trading off of technicals, understanding what is happening in the market from a fundamental standpoint can help establish a longer term bias for trading. In the short term an understanding of these numbers will also help to assess the erratic and sometimes extreme movements which can occur after economic releases.

The granddaddy of all economic reports is the release of the Gross Domestic Product (GDP) number for the economy. The Gross Domestic Product for the US or any other country is the final value of all the goods and services produced in that economy. Essentially what you get after calculating GDP by adding up the value of all goods and services produced in the economy is a measure of the size of the overall economy. It is for this reason that market participants will watch the GDP number closely as the rate of growth in this number represents the rate of growth in the overall economy.

As a side note here, GDP also allows a comparison to be made of the sizes of different economies from around the world, as well as their growth rates. To give you an idea of just how large the US Economy is, 2007 GDP for the United States was estimated at 13.7 Trillion dollars. This is in comparison to the next largest economy in the world, Japan which has a GDP of under 5 Trillion Dollars.

Quarterly estimates of GDP are released each month with Advance Estimates which are incomplete and subject to further revision being released near the end of the first month after the end of the quarter being reported. In the second month after the end of the quarter being reported preliminary numbers (which basically means more accurate than advanced) normally are released and then finally the final GDP number is released at the end of the 3rd month after the end of the quarter being reported on.

Traders are going to focus heavily on the growth rate released in the Advanced number and markets will also move on any significant revisions made in the preliminary and final GDP numbers.

Windows XP was released almost 16 years ago, on 25th of October, 2001. It is now considered to be an outdated operating system. Microsoft stopped supporting this system 3 years ago, because potential hardware capabilities could no longer be realized on Windows XP due to technical limitations.

Being an outdated system, Windows XP features a number of dangerous vulnerabilities, one of which was recently revealed by the WannaCry encryptor. That is why:

The MetaTrader platforms will no longer support Windows XP, Windows 2003 and Windows Vista after 01 October 2017.

Older versions of MetaTrader 4 and MetaTrader 5 will continue to work on these systems, but will not be able to receive updates after 01 October 2017. Also, installers will not run on these operating systems.

The minimum required operating system version for running MetaTrader 4/5 will be Windows 7. However, we strongly recommend using the 64-bit versions of Windows 10.

the source

How to Use Metatrader 4 | Forex

• MQL4 Reference
  https://docs.mql4.com/
• Tutorial Book
  https://book.mql4.com/
• Custom indicators
  https://docs.mql4.com/customind
• Creation of custom indicators
  https://book.mql4.com/samples/icustom

A lesson on how to trade the RSI for traders and investors using technical analysis in the stock market, futures market and forex market.

An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well). One of the most popular Oscillators outside of the MACD which we have already gone over is the Relative Strength Index (RSI) which is where we will start our discussion.

The RSI is best described as an indicator which represents the momentum in a particular financial instrument as well as when it is reaching extreme levels to the upside (referred to as overbought) or downside (referred to as oversold) and is therefore due for a reversal. The indicator accomplishes this through a formula which compares the size of recent gains for a particular financial instrument to the size of recent losses, the results of which are plotted as a line which fluctuates between 0 and 100. Bands are then placed at 70 which is considered an extreme level to the upside, and 30 which is considered an extreme level to the downside.

Example of the RSI :

The first and most popular way that traders use the RSI is to identify and potentially trade overbought and oversold areas in the market. Because of the way the RSI is constructed a reading of 100 would indicate zero losses in the dataset that you are analyzing, and a reading of zero would indicate zero gains, both of which would be a very rare occurrence. As such James Wilder who developed the indicator chose the levels of 70 to identify overbought conditions and 30 to identify oversold conditions. When the RSI line trades above the 70 line this is seen by traders as a sign the market is becoming overextended to the upside. Conversely when the market trades below the 30 line this is seen by traders as a sign that the market is becoming over extended to the downside. As such traders will look for opportunities to go long when the RSI is below 30 and opportunities to go short when it is above 70. As with all indicators however this is best done when other parts of a trader's analysis line up with the indicator.

Example of RSI Showing Overbought and Oversold :

A second way that traders look to use the RSI is to look for divergences between the RSI and the financial instrument that they are analyzing, particularly when these divergences occur after overbought or oversold conditions in the market. These divergences can act as a sign that a move is loosing momentum and often occur before reversals in the market. As such traders will watch for divergences as a potential opportunity to trade a reversal in the stock, futures or forex markets or to enter in the direction of a trend on a pullback.

Example of RSI Divergence :

The third way that traders look to use the RSI is to identify bullish and bearish changes in the market by watching the RSI line for when it crosses above or below the center line. Although traders will not normally look to trade the crossover it can be used as confirmation for trades based on other methods.

• The thread about ZUP indicator: Harmonic Trading
• ZUP indicators to download: Harmonic Trading