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Metatrader 5 Overview

This is a discussion on Metatrader 5 Overview within the HowToBasic forums, part of the Announcements category; Two Trading Mistakes Which Will Destroy Your Account A lesson on two of the most common mistakes that traders make ...

          
   
  1. #161
    Senior Member ArticleMan's Avatar
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    Two Trading Mistakes Which Will Destroy Your Account

    Two Trading Mistakes Which Will Destroy Your Account


    A lesson on two of the most common mistakes that traders make when trading the stock, futures and forex markets.

    One of the most common mistakes is sticking in a trade where you know you are right in your analysis, but the market continues to move against you. As the famous economist John Maynard Keynes once said:

    "The markets can remain irrational longer than you can remain solvent"

    Perhaps one of the best examples of this are those who shorted the NASDAQ into the runup in 1999 and early 2000. At the time it was pretty obvious that from a value standpoint NASDAQ stocks were way overvalued and that people's expectations for growth that they were buying on were way out of line with reality. There were many great traders at the time who recognized this and began shorting the NASDAQ starting in late 99. As you can see from the below chart and the huge sell off that ensued after the peak in 2000, these traders were right in their analysis. Unfortunately for many of them however stocks continued to run up dramatically from already overvalued points in late 99 wiping out many of these traders who would eventually be proved correct.

    So as we learned about in last lesson, people's strong desire to be right will often times keep them in trades that they should have moved on from even though the market may eventually prove them correct.

    For those traders who are able to initially move on from trades where they feel they are correct but the market moves against them, another common theme which arises is for a trader to initially stick to his plan, but after being proved correct and missing out on gains he becomes frustrated and deviates from his plan so that he will not miss out on another profitable opportunity.

    One place of many where I have seen this time and time again is when watching traders who trade reversals at support or resistance levels. Many times when the market touches a support or resistance level it will have a brief spike upwards or downwards which hits the stops of a trader looking to profit from the reversal, taking him out of the market just as it turns in his favor. Because many traders think a like, often times the level at which the trader is taken out of the market is right at his stop level as well.

    After this happens once or twice to a trader he will then stop placing hard stops in the market and instead convince himself that he will manage the trade if it moves against him. This may work a few times for the trader giving him more confidence in the strategy until the market does finally break. As we have learned about in previous lessons often times when the market breaks significant support or resistance levels it will break violently to the point where the trader in the above situation is quickly down a large amount on his trade. Typically what will happen at this point is instead of taking the big loss, learning his lesson, and moving on the trader will remain in the position or worse add to it with the hopes that the market will turn back in his favor. If the trader gets lucky and the market does turn back in his favor this only goes to support this bad habit which will eventually knock him out of the market.

    Successful traders realize that situations such as the above occur constantly in the market and that one of the main things that separates successful traders from unsuccessful ones is their ability to accept this, stick to their strategy, accept that loosing trades are a part of trading, and move onto the next trade when the market does not move in their favor.
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  2. #162
    Senior Member mql5's Avatar
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    very important and very interesting update

    This is very important and very interesting update:

    Metatrader 5 Overview-terminal_1.png


    • "We will update our public MetaQuotes-Demo server located at access.metatrader5.com:443."
    • "Terminal: Now you can detach financial symbol charts from the trading terminal window."
    • "Terminal: Fully updated the built-in chats. Now they support group dialogs and channels."
    • "Terminal: Added support for increased volume accuracy for cryptocurrency trading."
    • "Terminal: Added the tab of articles published on MQL5.community to the Toolbox window."
    • and more ...

    read full news here
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  3. #163
    Administrator newdigital's Avatar
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    Quote Originally Posted by mql5 View Post
    This is very important and very interesting update:

    ...
    I like it -

    Metatrader 5 Overview-docked1.png


    Metatrader 5 Overview-docked2.png
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  4. #164
    Administrator newdigital's Avatar
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    Released update 1911 build with a number of corrections of the errors indicated here. Please upgrade.

    From MetaQuotes (from this thread):

    Released update 1911 build with a number of corrections of the errors indicated here.

    Please upgrade.
    Metatrader 5 Overview-usdcad-m1-metaquotes-software-corp.png


    Metatrader 5 Overview-usdcad-m1-metaquotes-software-corp1.png


    Metatrader 5 Overview-usdcad-m1-metaquotes-software-corp2.png
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  5. #165
    Administrator newdigital's Avatar
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    From MetaQuotes (from this thread)

    A new beta version of MetaTrader 5 build 1915 is available.

    We are opening a beta testing program for brokers today. In a week there will be a release version.
    Metatrader 5 Overview-1915.png
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  6. #166
    Senior Member mql5's Avatar
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    New MetaTrader 5 platform build 1930: Floating window charts and .Net libraries in MQL5

    New MetaTrader 5 platform build 1930: Floating window charts and .Net libraries in MQL5

    Metatrader 5 Overview-terminal_2.png


    Metatrader 5 Overview-terminal_1.png


    read more here
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  7. #167
    Senior Member mql5's Avatar
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    GPU in MQL5 code with the graphics capabilities

    It demonstrates not only the calculations on the GPU in MQL5 code, but also the graphics capabilities of the terminal:



    The script is attached.

    ----------------
    The articles:

    Attached Files Attached Files
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