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Meta Trader - EMA

  • #1
  • First Post: Aug 19, 2009 9:25am Aug 19, 2009 9:25am
Hi Guys!

I've got a very quick question regarding Meta Trader. One of their indicators is "Moving Average". But I don't know whether these are simple or exponential moving averages.

Could you please tell me how to set up eMAs?

Many thanks
Trading is all about Timing.
  • #2
  • Aug 19, 2009 9:45am Aug 19, 2009 9:45am
If you bothered to add the moving average indicator to the chart you would see there is a "MA Method" that you could change to make it exponential..
  • #3
  • Oct 29, 2009 7:50am Oct 29, 2009 7:50am
Quoting traderjai_inhi
If you bothered to add the moving average indicator to the chart you would see there is a "MA Method" that you could change to make it exponential..

How do I change it? It only accepts numbers, so should I put the same number of periods of the MA_Period?
  • #4
  • Oct 29, 2009 9:08am Oct 29, 2009 9:08am
Quoting ropalacio
How do I change it? It only accepts numbers, so should I put the same number of periods of the MA_Period?
Are you adding it from the "Custom Indicators" tab? Try adding it from menu Insert->Indicators->Trend->Moving Average. Or just enter "1" in the MA_Method input parameter.
  • #5
  • Oct 29, 2009 3:45pm Oct 29, 2009 3:45pm
I have very little experience with these retail platforms - willing to test out a few to see how they tick. Any ideas? As an aside, I worked for a US bank on their trading floor - so I'm not super duper familiar with retail trading platforms. I worked with one, spread based - simple to use, not great charting - not horrible either. Want to move to ECN and figure out the fuss over MT4. Thanking you in advance for your input.
Alex
  • #6
  • Oct 29, 2009 3:58pm Oct 29, 2009 3:58pm
When you add an MA to your charts, you should get a Pop-up window that enables to change the color or value of the MA. In that same pop-up window, there is a drop-down button with many options for the MA, such as: exponental, simple, etc.

Just selected one of those (Simple or Exponential) and press the OK button.
  • #7
  • Oct 29, 2009 4:08pm Oct 29, 2009 4:08pm
Quoting Jhig
When you add an MA to your charts, you should get a Pop-up window that enables to change the color or value of the MA. In that same pop-up window, there is a drop-down button with many options for the MA, such as: exponental, simple, etc.

Just selected one of those (Simple or Exponential) and press the OK button.
That pop-up window is different if you add MA from the Custom Indicators tab.
  • #8
  • Oct 29, 2009 4:10pm Oct 29, 2009 4:10pm
Quoting Alex-the-Gr8
I have very little experience with these retail platforms - willing to test out a few to see how they tick. Any ideas? As an aside, I worked for a US bank on their trading floor - so I'm not super duper familiar with retail trading platforms. I worked with one, spread based - simple to use, not great charting - not horrible either. Want to move to ECN and figure out the fuss over MT4. Thanking you in advance for your input.
Alex
I think it's offtopic, but I'd recommend trying any MT4 broker on demo first. I use several MT4 demos from different brokers but my real account is on non-MT broker . As to MT4+ECN - that's quite a rare occasion, only few brokers offer that. But I hope with MT5 there will be more ECN brokers with MetaTrader.
  • #9
  • Last Post: Oct 30, 2009 9:16am Oct 30, 2009 9:16am
Quoting enivid
Are you adding it from the "Custom Indicators" tab? Try adding it from menu Insert->Indicators->Trend->Moving Average. Or just enter "1" in the MA_Method input parameter.
Thanks enivid... it helped a lot!!!
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