MetaTrader 4 is an online trading platform designed for financial institutions dealing with Forex. I presented a brief preview of the extension system we're building for Auto Trading and the technologies involved.
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Auto Forex Trade with Meta Trader 4
1. Auto Trade Forex with
MetaTrader 4
BarCamp Pune 4
Hussain Fakhruddin
hussulinux@gmail.com
2. What's Forex and MetaTrader
โข Forex - Like stock
exchange but buy
and sell currency
instead of stocks
โข Meta Trader: A
platform to trade
Forex
3. Meta Trader
MetaTrader 4 is an online trading platform designed for financial
institutions dealing with Forex, CFD(Contract for difference), and
Futures markets.
The platform includes all necessary components for brokerage
services via Internet including the back office and dealing desk.
Currently, over 100 brokerage companies and banks worldwide
have chosen our solution to meet their high standards of
business performance.
5. Some MT4 Features
โข Execution technologies: Instant Execution,
Request Execution, Market Execution
โข Realtime data export via DDE protocol;
โข Live Charts and Graphs
โข Indicators
6. So What's SO special about it
โข We can automate our trading strategy.
โข A built in programming language called
MQL
โข Can Add extensions to MT4
โข Open, Close, modify trades without human
intervention
โข Nearly 99%STP: Straight Through Process
We'll add the rest 1%
8. Introducing Traderopolis
โข Aiming 100% Straight Through Process
โข Allows user to trade with minimal expertize
on Forex
โข Something which we're building
9. Some terms
Active Trader: A good trader
who knows the market well.
One who makes profit
Passive Trader: A normal
user who knows nothing
about Forex
System: A trade channel
which Passive will subscribe
to
10. Workflow Engine
โข Active creates a System(or channel)
โข His trade logic or strategy gets stored in
the System
โข Passive subscribes to the System.
โข Passive does live trading based on
Active's strategy
โข All this in REAL TIME with 100% STP
13. Advantages
โข Anyone -one without forex knowledge can
also trade by subscribing to a
system(channel) which makes profit
โข WIN-WIN situation for both Active and
Passive as both make money!
โข Active trader may clone his own Trade
14. Limitations
โข Active and Passive should be under same
broker.
โข Markets will fluctuate too much
โข Government Laws on Auto trade. Some
governments don't allow it.