To create a profitable Forex trading strategy on MT4 or MT5, several risk management techniques can be utilized. These include:
Setting stop-loss orders, which limit potential losses by selling a currency pair if it reaches a specific price level or a percentage of the account balance...
Everyone have those now, at least the ones that are regulated, check this thread
https://tradingknowledge.com/threads/top-automated-trading-eas-for-mt4-mt5-official.3
The main difference between the two options is that one is automated and will work without you having to do anything and the other one is 100% manual for experts.
This has nothing to do with what he wants to know and the autotrader not neccesarily needs mt4 to work, it can be connected (preferred with PAMM or MAM).
To know more about how this work you need to goto the EA's thread...
The MT4 forex trading platform offers a programming language that allows for the creation and implementation of trading robots and Expert Advisors (EA) indicators. Traders, programmers and third-party participants have the ability to develop custom EAs and indicators. In addition, scripts can be...
Thanks for sharing your experience, but I don't recommend that you disclose the ammount of money you have on your account, you could just cover that with a black line for example.
Anyway, the best for you!! Cheers
Some platforms caters to Forex traders, who require a more complex analysis of the market, by offering a popular and reliable trading terminal, MetaTrader 4. The MT4 platform provides ultrafast connectivity to the foreign exchange market, and its technical analysis component is flexible and...
Unless you want to die before you learn, avoid reading all this nonsense.
Just google every day, focus and learn from forums, communities etc.
It's far better than a book
This marvelous thing was created by humanity and now we are discussing about it.
Cryptocurrency is a digital currency that is secured by cryptography, this security makes it nearly impossible to counterfeit or double-spend it, giving it a solid reputation.
You should install mt4, once you do, choose the correct SERVER (depends on your broker) and log in with your mt4 account ID (all numbers) and your password.
mt4 works on the pc or the mobile, so that part is the same. I prefer to use it on the PC because it's better to analize
In a world of many, many EAs (thousands) and automated trading solutions, unfortunately most of them are JUNK ... and sometimes it can be hard to tell the difference between a good one and one that will blow your entire account!
BEWARE OF THESE TYPES OF EA'S
Endless Martingale / Multiplier...
Binary Options is a contract in which the payout will be based on the outcome of a position, normally relates to whether the price of an asset (lets say google) will rise above or fall below an specific ammount under an specific time given.
You are 'betting' that google will be above or below...
Happy to help you, this is one of the first questions I ever had, it's a great one!
Answer:
While MT4 has four types of pending orders available, MT5 introduces 2 additional pending order types. These allow limits to be placed on conditional orders. This gives you more control over stop-loss...