Installing and running multiple MT4 client terminal instances on the same machine is easier than you might think. These days every MT4 user should learn how to do this, especially if he/she is planing to use trade copier software or simply trade on multiple MetaTrader accounts at the same time.
If you ever been using MetaTrader 4 platform I am sure at some point you faced some issues. As a programmer I know that any software can fail from time to time, but most computer programs are designed in such a way that they will print out error, warning or any other informational messages for the user so (s)he could understand what’s going on. Earlier I have wrote about troubleshooting expert advisors on MetaTrader 4, but another important thing is to know how to properly read log files to find the cause of the problem.
If you are one of those users who hit their computer every time they face trouble with any of the Expert Advisors, indicators or scripts on MetaTrader 4 platform, I am sure you’ll find this blog post very useful.
Let’s talk Partial Close (a.k.a. scaling out of position). I will explain how you can close position partially in MetaTrader 4 platform and give you an opportunity to have automated Partial Close option.
I am sure you already know what Partial Close is, but in case you haven’t heard of it before let me explain.
Not showing your Stop Loss and Take Profit value to broker is fairly easy no matter what trading platform you are using. Simply you just do not set SL/TP values and no one will see it. Broker will not know about it and you can manually close the trade whenever you want. Broker will not know where your stop loss level is and they will not be able to “hunt” it. However, you won’t be able to watch after your trades 24 hours a day and this is where you need help from a special MetaTrader 4 app.
Over the last few years I have received and answered literally thousands of emails to my customers and one of the most interesting questions I get was this.
My BUY trade was triggered without price reaching the buy line or pending order. What would cause a trade to trigger early and how I can avoid it?
This is actually just a simple misunderstanding, but I found that a lot of people do not know about this, so I feel obliged to explain this.
Hi, Rimantas Petrauskas here. Forex trader and a programmer with 16 years of experience.
There is this saying among Forex traders “The trend is your friend until it bends”. I assume this means that when you are in a trade and the trend reverses you get into drawdown and that’s where things get messy.
But what if you enter the market only in the direction of the trend and only if it shows you signs that it will continue to go that way? In other words you would not enter the market if the price reversed and did not go in the same direction.
In this video I am going to show you how you can re-enter the market in the direction of the trend after a pullback and also how you can program your MT4 platform to do this for you.
Procrastination? Ohhh, I know this feeling so well it even hurts to write these words. Procrastination is one of the biggest problems in the world when we speak about achieving goals and checking items from our to-do lists in any area of our lives. No difference in Forex. There are so many things to learn, yet not all of them are effective and useful. Some might even hurt your knowledge.
*** Video Transcript ***
Hey, it’s Rimantas Petrauskas here and in this video I wanted to explain to you how to use range bouncing strategies to trade forex. You can do this manually or with the help of a special tool called the Stealth EA.
I will demonstrate you how I use this tool to trade range bound markets, what price levels I use, the benefits of hidden pending orders and why using semi-automated trading tools can give you more sleep or free time.