Like all activities, the Metatrader programming is not without its risks. There is a distinct danger of incorrectly concluding on any trading strategy. This happens in a metatrader programming when the testing or the sample on which you had chosen to run the code does not resemble in its entirety the whole of trading. This is a controllable risk. You can mitigate this risk by ensuring that the trade data you had chosen to run your...more
Meta Trader Meta Trader is leading software, which helps traders dealing in forex, developed by MetaQuotes Software Corp. MetaQuotes was founded in 2000 and has been developing software applications helping trading community to test their strategies by providing them unique programming window, which can be called Metatrader programming. What separates MetaQuotes from others is their ability to gather reviews from actual users and...more
Back testing methods offered by a trading software help traders to review and rationalize their decisions while choosing their trading strategies. Trading Strategy What do people to do when they want to make profit in trading market? An easy answer is that traders buy when prices are low and sell when it is high.However, in order that such a profit making becomes a habit traders need to have answers for questions such as What are the best stock/ currency/ commodity/ future/ index I must deal with?When should I buy them?When should I sell them? Trading software answers these questions giving them access to traded prices over time besides allowing them to analyze on the price history. The markets have always shown a remarkable ability to bounce back from bottoms or retrace from the tops. A look at the prices over time reassures the trader that market corrections are a matter of time. They intuitively look for patterns to trade based on the repetitive nature of prices to reverse the rising and falling trends which they undergo while posting lows and highs. Having said this we can easily recognize that traders instinctively look for repetitive patterns in the past...more
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