In Summary: Avoid designing an EA to trade 5min and lower time frame Avoid designing an EA to go for small profits Why? Differences between broker data can be significant on lower time frames Slippage becomes a significant percentage of profits, when your average profit target is small Solution: Backtest using your broker’s actual tick… Read More »
How to fix corrupted history data in MT4 / How to fix gaps in MT4 data A question about how to fix a corrupted history data file was posted in a facebook group I’m in and I’d like to share the solution to fellow MT4 users who may have encountered the same issue. This person… Read More »
Just added a new EA that automatically inserts X pips SL and TP once you open a new trade. Useful for fast scalpers who have little time to add SL and TP once they open a new trade. Traders who trade Bob Volman’s scalping style on MT4 will appreciate this. Check it out here ( EA… Read More »
Axitrader Execution Speed Test A client of mine a requested an Axitrader execution speed test between US02 and US09 servers (both ECN PRO severs, but US09 is newer). Here are the results: Findings – US09 about 50 to 60ms, US02 250 to 300ms.Why? – I believe US09 server has upgraded to MT4 build 670 (latest… Read More »
What is the difference between Market makers vs ECN vs STP brokers When I first jumped in the world of Forex in 2010, the same questions faced me. What is a Market maker? What is an ECN? What! Why is my broker trading against me? Isn’t Forex execution the same as the stock market? Ho… Read More »
Metatrader 4 build 600 changes As most of you know, metaquotes has update Metarader 4 to build 600. Build 600 brings about massive changes from the previous stable version of build 509. For example, trade execution time has been reduced because MT4 terminal does not have to establish a second connection with the broker’s MT4… Read More »