The MetaTrader application is a well-known trading platform. It is designed to arrange brokerage services in Forex, CFD, Futures, as well as equity markets. You will be able to make trades and stock exchanges in several financial markets using one account.
The MetaTrader platform has everything you need in order to perform trading on the financial markets. You are provided with all the tools needed to analyze the price dynamics or automate the trading process. The program has features that allow traders to work not only with “Forex”, but also with “Futures” and stock markets.
MetaTrader incorporates a large variety of analytical features. You are also able to watch the real-time currency variations using up to 100 charts at a time.
One great feature of this trading platform is that the analytical resources are not limited to the built-in market indicators. You are able to use Code Base, the MetaQuotes source code library or create your own technical indicators using the MQL5 development environment. You are able to create the so-called trading robots based on numerous mathematical functions and implement almost any trading strategy. Using complex calculations you will obtain the most accurate market analysis and forecast.
For successful implementation of various trading strategies on financial markets, you need a flexible system and up-to-date information about the current state of the market. Any trade operation is executed through an order. This is a request to a broker to buy or to sell a financial instrument. Execution of such an order will result in a deal. There are 4 types of trade order executions. The “Instant” order execution allows you to manually buy or sell currency using the Market Watch located on the left side of the main window of the platform. The other three order executions are the “request”, “market” and “exchange” usually used to enter the market as accurately as possible.
Comprehensive information about all orders and open positions is always available in the Toolbox - Trade window. You can track here the number of orders and positions, open prices, volumes, stop orders and your account state. In addition, this trading tool facilitates the access to the detailed history of all deals in this window.
Built-in reports are essential for evaluating the effectiveness of online trading. They can automatically analyze numerous different trade values: the profit factor, expected payoff, drawdowns, number of deals, average profit/loss and many other parameters. This information allows you to easily evaluate a trading system or compare the results of different Forex strategies.
The MetaTrader platform provides all the necessary tools you need to execute effective online trades.
Comments (3)