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Why do most FF members use Metatrader?

  • #21
  • Feb 26, 2007 3:34am Feb 26, 2007 3:34am
The data is free, and also you can custom it with script and automation. Free and reliable. i think that's the cause.
  • #22
  • Feb 26, 2007 3:45am Feb 26, 2007 3:45am
Quoting laodeabdul
The data is free, and also you can custom it with script and automation. Free and reliable. i think that's the cause.
one is missing from MT that it should have. ability to trade with history. if MT is equipped with such function, i think it should be industrial killer for chart software.
  • #23
  • Feb 26, 2007 8:25am Feb 26, 2007 8:25am
You can "trade with history" with the "visual" option on the Strategy Tester, and this EA:

http://articles.mql4.com/301

Jimbil, I'm afraid it's only a tick-by-tick chart and isn't even available as a main chart so the period converter wouldn't work on it...
  • #24
  • Feb 26, 2007 8:51am Feb 26, 2007 8:51am
So far I've found everything I need in MetaTrader, altough I have tried numerous other systems, MT stands in the top of the list.

It's really the best platform.
  • #25
  • Feb 26, 2007 9:10am Feb 26, 2007 9:10am
hey guys
has any of you ever tried Dealbook 360 platform from GFT?
i've been using it for a couple of days and it seems great!
  • #26
  • Feb 26, 2007 9:13am Feb 26, 2007 9:13am
I'm not sure I'd classify the MQL as "open source". It's an API, but not open source.

Quoting AdamFx
The best feature of MT4 is its open-source development feature.
  • #27
  • Feb 26, 2007 10:38pm Feb 26, 2007 10:38pm
I have been trading for only a short time but have tried several platforms. Metatrader is by far the best integrated platform I have found in my short trials.

I love the fact that you can automate your pivot points. The only big drawback I have found is that the platform timeframe is set to the demo server. I'm in California and often get confused as my strategybuilder account is about 10 hors ahead of PST. Additionally I have to tweak my custom indicators to caluculate pivots based on EST.

Is there a MT4 server that is et to EST?
  • #28
  • May 30, 2007 11:41am May 30, 2007 11:41am
Quoting jimbil
Hi doblece

thanks for the reply.

i've found the tick chart in marketwatch.
However, i do not see any option to change the periodicity within the tick chart to say 10-ticks or 20-ticks etc.
Is this possible?

I'm using an Alpari demo account BTW.

Many thanks.
yes - tick chart w/MT4 is of corse posibul.
see this: http://forum.mql4.com/5813
1 IBFX man use tick chart w/ 33, 133, & 233 tick period for star stratigy.
very excel, kool!
  • #29
  • May 30, 2007 11:56am May 30, 2007 11:56am
Quoting jane
yes - tick chart w/MT4 is of corse posibul.
see this: http://forum.mql4.com/5813
1 IBFX man use tick chart w/ 33, 133, & 233 tick period for star stratigy.
very excel, kool!
Thanks for the link to this website, Jane!
A very nice resource.


FXS
  • #30
  • May 30, 2007 12:06pm May 30, 2007 12:06pm
you welcom!
heer i give pix of 133 tick chrt of today euro:
very excel?
Attached Image (click to enlarge)
Click to Enlarge Name: eur_133_tick_chart.jpg Size: 90 KB
  • #31
  • Jun 5, 2007 1:53pm Jun 5, 2007 1:53pm
Hi Jane

How do i go about changing to tick charts,i went to the site in the link but it was lost on me,any help would be appreciated.

Thanks Steve
  • #32
  • Jun 5, 2007 2:13pm Jun 5, 2007 2:13pm
Quoting haks79
hey guys
has any of you ever tried Dealbook 360 platform from GFT?
i've been using it for a couple of days and it seems great!

Hi Haks,
Saw you question and give you my 2 cents.

I have used both GFT and MT4. I much prefer MT4. It is much more useful. MT4 allows me to used custom indicators and create alot of chart setups that GFT will not allow. I believe that GFT is made for the broker's advantage. Try a free MT4 demo and see the difference for yourself.
Take care,
  • #33
  • Jun 5, 2007 2:39pm Jun 5, 2007 2:39pm
Quoting jimbil
Hi

this question has probably been asked lots of times.

It seems that most people in these FF forums are using metatrader. Why is this? Does metetrader own FF or something?

Many thanks.
I'll tell you in a couple days if you complete this short survey....

http://www.createsurvey.com/c/53715-NQL6MA/
  • #34
  • Jun 5, 2007 3:53pm Jun 5, 2007 3:53pm
Most people on FF use metatrader because metatrader is a terminal that is very popular with bucket shops and other crappy brokerage service that cater to the poor people dieing to get into the most crocked market of them all.

Other than that? Hell, I have no idea. In my part of the world(Norway), you can walk into your bank and trade forex. It wont be the "I'm an idiot who think it's best to trade every day, and usually several times a day" type of trading. It will be more like position trading. The hitrate will be TONS higher of course since you have a frigging business bank with all their analysts and their fundamental analysis giving you recommendations. AND you will be trading in the same direction as they do.

What you do is to buy contracts.

Metatrader is the poor mans terminal at the crocked brokers for the "I think I'm going to make $5k in to millions" kind of idiots.

The fact is that 99,999% of the people in here are loosing their money on this crap. They are only driven by the fact that sites like this tell you it is possible. Sure it IS possible to daytrade forex, but it's just as much luck as it is skills. Money is not made by day trading crap, they are made by investing. If you want to learn investing, pick up "the intelligent investor" and "security analysis" by Benjamin Graham on amazone. If it's good enough for Buffett, then it might be good enough for you?

Good luck, I guess I'm getting banned for telling you the truth here, so I wont be around to answer any questions. (and it's ok, because FF makes a living from all of these idiots, so I would have done the same)
  • #35
  • Jun 5, 2007 4:56pm Jun 5, 2007 4:56pm
[quote=Nybegynner;1459029]
Other than that? Hell, I have no idea.
quote]


With all due respect Ny,
Why then do you show up here so often?

Some succeed and some don't.
I have doubled my account in three months.
  • #36
  • Jun 5, 2007 6:11pm Jun 5, 2007 6:11pm
Quoting Nybegynner
Most people on FF use metatrader because metatrader is a terminal that is very popular with bucket shops and other crappy brokerage service that cater to the poor people dieing to get into the most crocked market of them all.

Other than that? Hell, I have no idea. In my part of the world(Norway), you can walk into your bank and trade forex. It wont be the "I'm an idiot who think it's best to trade every day, and usually several times a day" type of trading. It will be more like position trading. The hitrate will be TONS higher of course since you have a frigging business bank with all their analysts and their fundamental analysis giving you recommendations. AND you will be trading in the same direction as they do.

What you do is to buy contracts.

Metatrader is the poor mans terminal at the crocked brokers for the "I think I'm going to make $5k in to millions" kind of idiots.

The fact is that 99,999% of the people in here are loosing their money on this crap. They are only driven by the fact that sites like this tell you it is possible. Sure it IS possible to daytrade forex, but it's just as much luck as it is skills. Money is not made by day trading crap, they are made by investing. If you want to learn investing, pick up "the intelligent investor" and "security analysis" by Benjamin Graham on amazone. If it's good enough for Buffett, then it might be good enough for you?

Good luck, I guess I'm getting banned for telling you the truth here, so I wont be around to answer any questions. (and it's ok, because FF makes a living from all of these idiots, so I would have done the same)
Wish I had 100K to 'Risk' in this or any market for that matter.

I've been using MT4 2 years because 1) it's free 2) I can back forward test strategies with MQL4 EAs. 3) Metaquotes (it's creator) is very upfront about the difficulties one can expect to encounter in this cut-throat environment, unlike the bucket shops I started out with.

Don't belive me... go to Metaqoutes.net and read the many articles there.

Ive recently started making a slow, steady profit, but it hasn't been easy. There's a lot of crap here at FF but it's worth the time and effort if I'm able to find only one gem.

Poop on you Nybegynner
  • #37
  • Jun 5, 2007 7:52pm Jun 5, 2007 7:52pm
Quoting trade5000
Hi Jane

How do i go about changing to tick charts,i went to the site in the link but it was lost on me,any help would be appreciated.

Thanks Steve
hi, i use ibfx platfirm, tick show ok, platfirm show tick many ticker frame (33, 133, 233, or you choosing desiring frame tick), ok. ask ibfx for tick platfirm. ok, thank you.
  • #38
  • Jun 5, 2007 9:05pm Jun 5, 2007 9:05pm
Quoting Nybegynner
Most people on FF use metatrader because metatrader is a terminal that is very popular with bucket shops and other crappy brokerage service that cater to the poor people dieing to get into the most crocked market of them all.

Other than that? Hell, I have no idea. In my part of the world(Norway), you can walk into your bank and trade forex. It wont be the "I'm an idiot who think it's best to trade every day, and usually several times a day" type of trading. It will be more like position trading. The hitrate will be TONS higher of course since you have a frigging business bank with all their analysts and their fundamental analysis giving you recommendations. AND you will be trading in the same direction as they do.

What you do is to buy contracts.

Metatrader is the poor mans terminal at the crocked brokers for the "I think I'm going to make $5k in to millions" kind of idiots.

The fact is that 99,999% of the people in here are loosing their money on this crap. They are only driven by the fact that sites like this tell you it is possible. Sure it IS possible to daytrade forex, but it's just as much luck as it is skills. Money is not made by day trading crap, they are made by investing. If you want to learn investing, pick up "the intelligent investor" and "security analysis" by Benjamin Graham on amazone. If it's good enough for Buffett, then it might be good enough for you?

Good luck, I guess I'm getting banned for telling you the truth here, so I wont be around to answer any questions. (and it's ok, because FF makes a living from all of these idiots, so I would have done the same)
Well, when you discern the difference between trading and investing you might find yourself your spot here at FF. Until then, I can't say that I miss your poor attitude and demeanor.
Never underestimate the powers of the Force.
  • #39
  • Jun 5, 2007 10:12pm Jun 5, 2007 10:12pm
truthfully, Nybegynner I don't walk into McDonald's and tell you how to cook fries. Why are you coming in here and trying to tell successful traders what they are doing wrong?
Good luck on investing with the bank. They just want your liquidity like everyone else. Making markets is very profitable but individual investors can be very profitable as well. Read some more books on your coffee breaks. Also a word to the wise might be to meditate. It will help your blood pressure and focus.
It really is that easy.
  • #40
  • Jun 6, 2007 4:19am Jun 6, 2007 4:19am
Hi Jane,


I`m using metatrader downloaded straight from metaquotes.net,which is the same as Interbanks.Asked on interbanks website but they said i cant get tick charts.How did you manage to get them.Is their a File that can be downloaded into indicators,like the period converter that i use that lets me change the timeframes to any timeframe.

Steve
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