There is color coding to demonstrate the difference in expected values and actual values of the indicators. MetaTrader 5, or MT5, is a next-gen multi-asset trading platform that will replace MT4 in the very near future. Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing.

As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s https://worldtradex.space/ stability.

Trade on the go with the worldtradex trading app

At worldtradex, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading.

EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. Use trading bots for market analysis and risk management without any limitations. Test your bot on a free demo account, adjust it to your investment goals, and then put it into action. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators. Automated trading helps traders enter and exit positions much faster than manual trading. Space is a unique live feed designed by worldtradex to get you fresh trading ideas right in the worldtradexTrader trading platform.

Free trading education

Scalping allows traders to take profit opportunities even when the price changes are very small. To make any meaningful profit with this strategy, you need to place multiple intraday trades. Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits.

Forex Robots for Scalping

Experienced traders often use MetaTrader 4 demo accounts to test new trading strategies before using them in real trading. The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements. These indicators allow traders to predict or confirm trends, patterns, and support and resistance levels. They are categorised into types, such as Trends, Oscillators, Volumes, and Custom. You can choose from a range of available indicators, download a custom indicator, or create your own.

• Register for worldtradex’s long standing Forex Demo Contest, which has a $1,000 prize fund and lasts for a month.
• With MT5, MetaQuotes Software has increased the number of technical analysis tools available, along with more charting and timeframe options.
• At worldtradex, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind.
• Each currency trading platform has specific features that define your experience.
• Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading.

This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities. Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. You can develop your own https://worldtradex.world/ set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading.

The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers. At worldtradex, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment.

All possible trading strategies and EAs can be used in this contest. The MetaTrader 5 Economic Calendar is where important macroeconomic indicators can be viewed in real time, in order to forecast price trends. The calendar features both current and past weeks’ events, while also publishing upcoming events. All indicators come with release time, priority, and previous values.

MetaTrader 4 automated trading

It offers tools for price change tracking, trend pattern recognition, and automated trading. The focus is on making trading easy and more profitable for traders. We strive to offer the best trading conditions on the market to make trading easier and more profitable for our traders. The MT4 platform offers the highest security standards to protect traders’ funds.

The MetaTrader 5 trading platform offers numerous templates and profiles to enable traders to change the colour schemes and analytical objects applied on the chart. MT5 has 21 timeframes for all financial instruments, and provides more than 80 popular analytical tools, as well as the ability to construct charts based on other indicators’ data. Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques. The account works like a real account, except it allows you to trade with virtual funds rather than real money.