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Where to learn MT4

  • #1
  • First Post: Aug 22, 2007 8:57am Aug 22, 2007 8:57am
Hi eveybody.

I have just discovered MT4, and so far I think it's great. I just want to learn more. Does anybody know of a good site, maybe a online course to learn the MT4 software? I would really appreciate it.

Thanks, everybody, this really a good forum where you can learn a lot.
http://www.forexfactory.com/images/icons/icon7.gif

perfx.
Learning a bit about forex everyday.
  • #2
  • Aug 22, 2007 9:56am Aug 22, 2007 9:56am
Use your eyes and you will see a sticky on the main page of Metatrader forum !

Spoon feeding is bad for your health
  • #3
  • Aug 22, 2007 10:44am Aug 22, 2007 10:44am
What do you mean by learning the software? Learning how to enter trades and play with the charts? Or learn how to program to write indicators and EA's for MT4? To learn how to just use the software it is very easy, just download a demo and experiment.
  • #4
  • Aug 22, 2007 11:02am Aug 22, 2007 11:02am
Quoting saskgui
What do you mean by learning the software? Learning how to enter trades and play with the charts? Or learn how to program to write indicators and EA's for MT4? To learn how to just use the software it is very easy, just download a demo and experiment.
Mostly everything, but not exactly entering trades and playing with charts.
More advanced chart functions up to programming.

Hi, Saskgui

Thanks for your reply.

We might think we know most of the basics, but there might be some functions that we do not know about.

That’s why I would like some kind of course or site that will teach you everything from the basics and all the way up to advanced user.

Do you know about anything like this ? http://www.forexfactory.com/images/icons/icon3.gif

Thanks,
perfx


  • #5
  • Aug 22, 2007 11:25am Aug 22, 2007 11:25am
Quoting perfx
.

That’s why I would like some kind of course or site that will teach you everything from the basics and all the way up to advanced user.
You can try the 'InterbankFX University'. It covers most everything up to and inculding simple EAs and indicators. More advanced stuff can be found here(FF MetaTrader forum) and MetaQuotes website.
  • #6
  • Aug 22, 2007 3:52pm Aug 22, 2007 3:52pm
http://www.forexfactory.com/showthread.php?t=6011

notice all the zip files labeled "MQL 4 Tutorial ..." and attached to the first 3 posts? I found these to be the most helpful getting started.
  • #7
  • Aug 22, 2007 4:07pm Aug 22, 2007 4:07pm
CodersGuru has a site that has a TON of info on programming in MQL. www.metatrader.info. I learned almost all the basics from there and continue to use it as a reference to some of the harder questions.

Also, Metaquotes has a site of their own, but it's a little more specific about the language and I would recommend it as a reference not a tutorial. It's here: http://www.metaquotes.net/experts/mql4/.

Finally, there's a great forum mostly devoted to MQL programming at www.forex-tsd.com. A lot of talented programmers hang out there and are usually willing to help especially if they like your idea and often they'll just help regardless.

Good luck!


Seavo
  • #8
  • Aug 22, 2007 11:52pm Aug 22, 2007 11:52pm
Quoting Micro-MiniMe
You can try the 'InterbankFX University'. It covers most everything up to and inculding simple EAs and indicators. More advanced stuff can be found here(FF MetaTrader forum) and MetaQuotes website.
Thanks for your reply Micro-MiniMe.

I checked out the InterbankFX University and the Metaquotes lot of good information. Do you use InterbankFX yourself, if yes are you happy with them. If no, witch broker do you recommend that uses MT4.

Thanks again.
perfxhttp://www.forexfactory.com/images/icons/icon14.gif
  • #9
  • Aug 23, 2007 12:01am Aug 23, 2007 12:01am
Quoting Seavo
CodersGuru has a site that has a TON of info on programming in MQL. www.metatrader.info. I learned almost all the basics from there and continue to use it as a reference to some of the harder questions.

Also, Metaquotes has a site of their own, but it's a little more specific about the language and I would recommend it as a reference not a tutorial. It's here: http://www.metaquotes.net/experts/mql4/.

Finally, there's a great forum mostly devoted to MQL programming at www.forex-tsd.com. A lot of talented programmers hang out there and are usually willing to help especially if they like your idea and often they'll just help regardless.

Good luck!




Seavo

Thanks Seavo and fxnostrum.

Lot of good links and information. I have downloaded a lot of information. Now I need to start reading. I',m checking brokers that uses MT4, it's a bit confusing. On one site they recommend one broker and on another they call the same broker a scam. Not easy to know which one to go for.

I have downloaded 2 different demo account MT4 brokers, and they both seem find to me. I guess the big difference is when you go "live".

What do you guys use and recommend. Hope you can give me some info on this to ease my search.

Thanks a lot for all your help.
http://www.forexfactory.com/images/icons/icon7.gif
perfx
  • #10
  • Aug 23, 2007 6:16am Aug 23, 2007 6:16am
Quoting perfx
Thanks for your reply Micro-MiniMe.

I checked out the InterbankFX University and the Metaquotes lot of good information. Do you use InterbankFX yourself, if yes are you happy with them. If no, witch broker do you recommend that uses MT4.

Thanks again.
perfxhttp://www.forexfactory.com/images/icons/icon14.gif
I only demo with IBFX, so my opinion of them should not carry much weight. I had two live accounts last year with other brokers...I blew them up, so now I'm here trying to salvage what I can. I'm reluctant to recomend any broker because YOU need to determine what YOU need in a broker first then do much research to find the best fit. There's lots of info about brokers here http://www.forexfactory.com/forumdisplay.php?f=74

I DO NOT recomend using EAs to trade live with them or any MT4 broker until you have an awsome system that's been back tested and forward tested. Back testing often gives results that look good, but when the EA is run in real time problems pop up everywhere.

Take your time and remember, it only takes one mistake to wipe out a months worth of hard work. (I learned that lesson again last night)
  • #11
  • Aug 23, 2007 3:24pm Aug 23, 2007 3:24pm
Quoting Micro-MiniMe
I DO NOT recomend using EAs to trade live with them or any MT4 broker until you have an awsome system that's been back tested and forward tested. Back testing often gives results that look good, but when the EA is run in real time problems pop up everywhere.

Take your time and remember, it only takes one mistake to wipe out a months worth of hard work. (I learned that lesson again last night)
I couldn't agree more. Even at 99% the results from the backtset are usually wrong, and you just can't backtest things like requotes, widening spread, etc. I've been running an EA on demo for almost six months to ensure it works according to plan. One mistake I made towards the beginning of demoing blew almost 20% of the account! Fortunately it was only demo money

As for brokers, I'm with OandA right now, but I too demo with IBFX for now and I will probably be opening a live acct with them once I'm ready to run this EA live. Other than that, make sure your broker isn't on this list : http://www.forexfactory.com/showthread.php?t=35930

Again, welcome to forex and to MQL! Good luck


Seavo
  • #12
  • Aug 23, 2007 6:04pm Aug 23, 2007 6:04pm
what about a system that runs good on fresh test for at least 6 month, but not as good in the backtest. in fact backtest show a major drawdown at one point.

can i continue using such system?
{Promotion Removed}
  • #13
  • Aug 23, 2007 7:25pm Aug 23, 2007 7:25pm
Quoting jjk2
what about a system that runs good on fresh test for at least 6 month, but not as good in the backtest. in fact backtest show a major drawdown at one point.

can i continue using such system?
No way man! Stop now before you make too much untested money.

How do you know if your system is comming or going?
  • #14
  • Aug 24, 2007 1:05am Aug 24, 2007 1:05am
oops i meant fresh data. trading with fresh data.

when it was being backtested, it would perform mediocrely.
{Promotion Removed}
  • #15
  • Aug 24, 2007 7:30am Aug 24, 2007 7:30am
Quoting jjk2
oops i meant fresh data. trading with fresh data.

when it was being backtested, it would perform mediocrely.
OK That makes sense now.

Good point! Systems perform differently from week to week, month to month and year to year as market conditions change. I've heard it said many times; the best systems react to price action rather than try to predict it. That's one reason I've been concentrating more on the draw down periods so I can explore different ways (money management, order management)to minimize the draw downs. Of coarse, it's also important to maximize profit when things are going your way.

It's funny how I responded to this thread at first to offer advise, but now, by engaging in discussion, I've helped myself by reminding myself of things I need to continue doing. I guess that's one good reason to keep comming back to FF on a regular basis, even after I become filthy rich!
  • #16
  • Aug 24, 2007 3:40pm Aug 24, 2007 3:40pm
Quoting Micro-MiniMe
I only demo with IBFX, so my opinion of them should not carry much weight. I had two live accounts last year with other brokers...I blew them up, so now I'm here trying to salvage what I can. I'm reluctant to recomend any broker because YOU need to determine what YOU need in a broker first then do much research to find the best fit. There's lots of info about brokers here http://www.forexfactory.com/forumdisplay.php?f=74

I DO NOT recomend using EAs to trade live with them or any MT4 broker until you have an awsome system that's been back tested and forward tested. Back testing often gives results that look good, but when the EA is run in real time problems pop up everywhere.

Take your time and remember, it only takes one mistake to wipe out a months worth of hard work. (I learned that lesson again last night)
Thanks for all your good advice.

I could not agree with you more, it takes a lot of effort to make some pips, but only a couple of seconds to loose them all.

If FX trading was easy, everybody would have been doing this. One thing is for sure, it takes a lot of work.

perfx
  • #17
  • Aug 27, 2007 11:43pm Aug 27, 2007 11:43pm
Hai, I am a newbeeis, Goldfinger69......hmm...hmnn
You can go to metatrader4 website and bingo, they will teach you or if you are too busy, just open the Help file in Metatrader4 to learn everything about what you have been wondering for so long. Share your experience after you have learn........keep it up!


Quoting perfx
Hi eveybody.

I have just discovered MT4, and so far I think it's great. I just want to learn more. Does anybody know of a good site, maybe a online course to learn the MT4 software? I would really appreciate it.

Thanks, everybody, this really a good forum where you can learn a lot.
http://www.forexfactory.com/images/icons/icon7.gif

perfx.
Learning a bit about forex everyday.
  • #18
  • Aug 28, 2007 10:25am Aug 28, 2007 10:25am
Quoting goldfinger69
Hai, I am a newbeeis, Goldfinger69......hmm...hmnn
You can go to metatrader4 website and bingo, they will teach you or if you are too busy, just open the Help file in Metatrader4 to learn everything about what you have been wondering for so long. Share your experience after you have learn........keep it up!

Thanks Goldfinger 69. I'll do that, and keep you informed. I'm testing out the MT4 using the MIG trading station. Do you have any experience from them? Are you useing MT4, which broker are you using?

Thanks again

Perfx
  • #19
  • Aug 30, 2007 6:17am Aug 30, 2007 6:17am
Hai. I just got back from holiday. Have you visited Malaysia? We are celebrating our national day tomorrow.

You can go to Google and search for Metatrader4. Click download. Later you can go to any broker to open any demo account. I am presently using Interbranchfx from US. This was recommended by my tutor. You can also choose North Finance. Of course there may be a better one but my tutor is very familiar with both of above.

Once you have downloaded MT4, go to Help file. There are notes which you can learn. You can also goto other website with forex linked to learn more. I am trading live account and always keep your trading simple. Good luck!
Cheers...

Quoting perfx
Thanks Goldfinger 69. I'll do that, and keep you informed. I'm testing out the MT4 using the MIG trading station. Do you have any experience from them? Are you useing MT4, which broker are you using?

Thanks again

Perfx
  • #20
  • Last Post: Aug 30, 2007 5:24pm Aug 30, 2007 5:24pm
Quoting goldfinger69
Hai. I just got back from holiday. Have you visited Malaysia? We are celebrating our national day tomorrow.

You can go to Google and search for Metatrader4. Click download. Later you can go to any broker to open any demo account. I am presently using Interbranchfx from US. This was recommended by my tutor. You can also choose North Finance. Of course there may be a better one but my tutor is very familiar with both of above.

Once you have downloaded MT4, go to Help file. There are notes which you can learn. You can also goto other website with forex linked to learn more. I am trading live account and always keep your trading simple. Good luck!
Cheers...
Hi, I guess you mean InterbankFX? I have checked out their site, look pretty good. the also have a part where you can learn the basics of MT4 that is good. I will download their demo and try them out.

perfx
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