Category - Forex Trading Tools

1
Explaining Max Price Deviation Pips feature
2
How to setup Email and Push Notification settings in Metatrader 4
3
Reverse Mode in Trade Copier software for MT4
4
Trade Copier EA money management settings

Explaining Max Price Deviation Pips feature

Remote Trade Copier and Local Trade Copier both have a MaxPriceDeviationPips feature built-in. The Max Price Deviation parameter tells the Trade Copier EA the max price distance allowed between the initial trade entry price on the master MT4 account(s) and the current market price on the slave MT4 account(s).  It is an important safety feature that can keep you out of some unwanted trades.

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How to setup Email and Push Notification settings in Metatrader 4

As you may already know that most of the Expert Advisors and Indicators for Metatrader 4 have Email delivery feature built-in. The most recent Forex robots even have Push Notifications feature which is better as you can get the notification directly to your mobile device like Android or iPhone. Both features are useful, but need to be configured in your MT4 options window before you can use them. Here is simple explanation how to do that.

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Reverse Mode in Trade Copier software for MT4

The Local Trade Copier has Reverse-Trade technology built-in that will help you turn your loosing trading system or Expert Advisor into a winner.  Have you noticed that it is much easier to lose money in trading than it is to make money?  In part this is because of the broker spreads and the cost of placing orders, but overall trading is extremely difficult and as the statistics go, 95% of traders fail to make money.  It is a simple fact that most traders fail to ever make money consistently.  But does this mean there are not other ways to make a profit with trading?

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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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