Metatrader EA passive income strategy

By: Douglas Smith

Meta Trader EA works under indicators which inform about the overbought and oversold zones.

It is simple, quick and works like a robot. Meta Trader EA is able to inform the possible movement changes from blue to red lines. MQL4 coding is used as it works for users as Indicators, Libraries, Scripts and Expert Advisors for the platform of Meta Trader.

The benefits of using Meta Trader EA software are only for the online currency trading. It is easy and simple to install. You can start your trading with in one hour’s time after purchase. It provides MTS 4 free of charge. After purchase you can get support 24 hours a day, 7 days a week. For updates and on new versions, you can get bonuses and discounts. Copy tool software, DDET tool software, MBTrading Bridge and Forex Volumes tools are used in Meta Trader.

You can download the Meta Trader EA by just filling the form instantly. The trading through this program includes commodities, indices and shares. Low spreads and zero commission are offered with trading signals. Meta Trader Expert Advisors known as MT4 and MT5. Meta Trader 4 offers the trader a stretchy trading situation as well as Forex trading automation.

You can download these expert advisors and use them on Meta Trader platform. Currency pairs of GBP/USD, USD/JPY, EUR/JPY, GBP/JPY and USD/CHF can be used for this program. Meta Trader EA help to trade automatically when you are away form the system. You can have the commissions or spreads automatically. On joining you will have a demo account and one original / live account. First you have to use the demo account for better trading then use the original / live account.

Meta Trader indicators are as under:
- Statistical Metatrader indicators
- Divergence Metatrader Indicators
- Multi-Timeframe Metatrader indicators
- General purpose Indicator


STATISTICAL & DIVERGENCE METATRADER INDICATORS

New Meta Trader Statistical Indicators and Divergence Indicators can be purchased as - StateX can be purchased for $ 96.79, Momentum-DIV, OBV-DIV, Bollinger Bands-DIV, Stochastic-DIV, DACD-DIV, RSI-DIV and PowerRVI-DIV can be purchased for $ 115.96 each.

MULTI-TIMEFRAME METATRADER INDICATORS

Multi-Time frame Meta Trader Indicators can be purchased with different costs like; Trend MultiTF for $95.96, HeikenAshi MultiTF for $75.96, PowerRVI for $ 83.16, PowerSTLM for $99.96, Alt-Pitchfork for $87.96 and StateX for $96.79

GENERAL PURPOSE INDICATOR & EXPER ADVISORS

General purpose indicators can be purchased as PowerRVI for $83.16, PowerSTKM for $99.96 and Alt-Pitchfork for $87.96 only.

The opening positions are different on the four times frames. You can set the time frames of your choice as for 4 Hours – H4, for Daily – D1, for Weekly – W1 and Monthly – NM codes are used.

There are hundreds of trading robots out there, many of which claim to make very large profits on a consistent basis. It can be very difficult to weed through the noise and actually find an expert advisor that will provide you with stability and hopefully positive returns. Throughout this article I will show you a multitude of statistical ways to search for the best performing Metatrader EA.

Article Source: Metatrader EA passive income strategy

What are Ticks and Pips ?

Ticks are the smallest amounts of time that exist between any two currency trades. This time frame can be a short time period of a fraction of a second for major currencies, and can also be a time frame of a few hours for less popular currencies. Ticks do not happen in constant intervals, even though the charts used for technical analysis do use specific time rates such as 4 hours of 15 minutes.

Whereas a pip is the smallest change of price for any Foreign Currency. The currency quotes appear as numbers with either two or four decimal places. This means that if the Foreign Currency moves up or down, the smallest move is called a "pip". When you trade in Forex, you monitor how the pips rise and drop and this is what determines your investment.

Take the following example :

If you buy EUR/USD. This pair is quoted four decimal numbers after the point. A pip here is ten thousandth of a Dollar, or 0.0001 of a dollar. The pip is an abbreviation of "Price Interest Point", and this is why another name used for pips is points.

Even though a pip is only a small amount of money, because your foreign currency trading is usually a leveraged investment, a few pips can mean serious cash fluctuations. Each serious trader needs to know how to calculate the change from pips the actual sums invested, and some online Foreign currency trading agents offer such calculators in their account. You should consider these and other advanced functions when selecting the broker you want to use. Pip value can vary, and is usually $1 in mini accounts or $10 in regular accounts.

An important concept that concerns pips is called The Spread. This is the pip difference between the bid price and the ask price done for the currency trading sum. When you buy Foreign Currency it costs you more than to sell it and this is the spread.

Come on back as I provide more forex trading basics.

Full article source, with thanks : www.forexondemand.com

Forex Trading Recommendations

Traders who want to start FOREX trading should learn to begin with small accounts ($25,000 and under) or with a mini account and always trade with the trend. Many beginners look for trades that flow in any direction, which can be somewhat unreliable.

While FOREX trading easily permits bi-directional trades, you will realize once you start trading FOREX that trading in the direction of the trend will improve your odds over the long run.

Another way to improve your odds is to have at least two accounts, including at least one real account and one demo account. You don’t stop learning when you start trading real dollars. Use your demo account to test any alternative trades you might be considering.

If you have the right amount of money when you start FOREX trading, try trading two lots rather than one. Or even three lots. This is safer than only trading one. When everything is riding on one trade, it’s hard to make good decisions. Having a few positions going is a good way to take the intensity out of a trade. Conversely, you may also want to consider extreme trading, which can be the most conservative trading, when you think about it. Trading at the extremes ­increases the odds that you have chosen the right direction.

Take the time to examine the charts. These exist to help you time your trades. When you are trading at 30- and 15-minute time increments, it can take a great deal of dexterity, and it’s good to have this knowledge at your fingertips.

But don't trade the time frame that is offered. Trade the pattern instead. Reversal patterns, hesitation patterns and breakout patterns show up a lot. Learn to look for these patterns in any time frame. While the patterns are always there if you look for them, leading indicators aren’t there. Don’t spend all your time looking for them there simply aren’t any.

Some firms make a lot of money selling software that predicts the future, but the reality is that if those products really worked, they wouldn't be telling you about it. When you start FOREX trading use the simple Upside Down Rule. If you can turn a chart upside down and it still looks the same, avoid it all together.

You should fully check the Big Five: the dollar/yen, euro/dollar, Swiss franc/dollar, euro/yen and pound/dollar ­ before you decide to take a position in any one of them. There might be something obvious that you’ve missed.

And finally when you first start FOREX trading, don't keep count of your profits in your first 20 trades. Keep track of the percentage of wins instead. Once you know you can pick directions, your profits can be increased with multi-plot trading and by using variations in your stops.

Never assume you know a lot when you begin to make money from forex. The market is highly volatile and forever changing with surprises from fundamental events. Be on your toes with the most up to date financial and economic news affecting the major currencies if you ever want to win in the currency market. Try not to be caught with your pants down !

How to Calculate Profit and Loss in a FX Trade

To be in this market, it is certainly useful for you to understand how to calculate the profit/loss of a trading position, even though trading platforms have this done automatically.

Take the following example :

Let's say that the current bid/ask for EUR/USD is 1.4616/19, meaning you can buy 1 euro for 1.4619 or sell 1 euro for 1.4616.

Suppose you decide that the Euro is undervalued against the US dollar. To execute this strategy, you would buy Euros (simultaneously selling dollars), and then wait for the exchange rate to rise.

So you make the trade: to buy 100,000 Euros you pay 146,190 dollars (100,000 x 1.4619). Remember, at 1% margin, your initial margin deposit would be approximately $1,461 for this trade.

As you expected, Euro strengthens to 1.4623/26. Now, to realize your profits, you sell 100,000 Euros at the current rate of 1.4623, and receive $146,230

You bought 100k Euros at 1.4619, paying $146,190. Then you sold 100k Euros at 1.4623, receiving $146,230. That's a difference of 4 pips, or in dollar terms ($146,190 - 146,230 = $40).

Total profit = US $40.

I hope this simple illustration will help you better understand how a FX trade is calculated !