Category - Forex Trading Tools

1
MT4 Trade Copier Speed Test on 6 Different Forex Brokers
2
Amazing MT4 Setup to Re-Enter the Market After a Pullback
3
Automate Your Successful Range Bouncing Forex Strategy
4
How to auto calculate FOREX risk, entry and stop settings with just one click
5
29 Forex Traders Discuss their Desert Island “Must Have” Tools
6
MetaTrader 4 account copier stop loss and take profit manipulations
7
First account copier with external trade filtering indicators
8
Revolutionary trade copier solution that can filter trades by time using on-screen rectangle objects
9
Will Local Trade Copier copy my pending orders?
10
Local Trade Copier can filter MT4 trades when copying them between accounts

Amazing MT4 Setup to Re-Enter the Market After a Pullback

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.

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Automate Your Successful Range Bouncing Forex Strategy

*** 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.

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29 Forex Traders Discuss their Desert Island “Must Have” Tools

Have you spent hours trawling signal forums for advice on the “must have” trading tools to support your Forex trading?

Have you signed up to trial after trial of software that promised the earth but was only ever as clear as mud?

Like you, I’ve been in this situation many a time before so I thought it was time to get to the bottom of it. And instead of writing up countless reviews on the plethora of trading tools available to professionals and amateurs alike, I thought it best to go straight to the front lines.

I emailed 100 top Forex traders I could find on Google and Twitter and posed them this simple question:

“If you could only use 3 tools for Forex trading, which 3 would you choose?”

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First account copier with external trade filtering indicators

The Local Trade Copier v2.1 is the first account copier for Metatrader 4 that allows the filtering of trading signals by using external indicators or Global Variables (GV). If you ever wonder if you can make your trade copier software skip the long positions (buy trades) when a market price is below a Moving Average indicator then the new features in the LTC are exactly what you need. Any MT4 indicator can be turned into a LTC “trade filter indicator” and you can even use this option in your own software in order to control the trade copier.

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Revolutionary trade copier solution that can filter trades by time using on-screen rectangle objects

The Local Trade Copier v2.1 is the first account mirroring software that allows for the filtering of trades by time using on-screen rectangle objects. I call them “time range filters”. The time range is specified by drawing a rectangle object on the chart, this can be applied to both the master and the slave side. If you ever wanted to configure your trade copier program to not send or not receive any trades during a specified time period like during economic news releases, this is the feature you need. Any number of time ranges can be created on the master and slave accounts allowing you to avoid the copying of trades during any time of the trading day.

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.