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I have purchased an EA from the MT4 website,  I cant find away to load it onto ig mt4 terminal. Unable to login into MQL5 community to activate it

 

thanks 

 

Elby

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Hi    Just to report a mystery spike on MT4 BTCUSD yesterday 1 minute bar 16:16. Seen here on the 1 hour chart.

 

BTCUSD(£)H10801b.png

 

 

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thanks caseynotes - I'll forward this onto Tim to have a look at and report back. 

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Caseynotes

Seems you know how to use metatrader

Is there any major difference between a virtual server (metatrader virtual server)

And Beeks vps (IG) 

"

You can also use your VPS to trade using MetaTrader 4 from any computer, just by logging in to your VPS. 

Our VPS is provided by Beeks, and is available completely free of charge to clients who maintain a balance of £5000 or more. Otherwise, it costs £50 per month."

https://www.ig.com/uk/metatrader-4-platform

 

except the price? 

 

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@Kodiak, I really don't know too much about these myself, never really got into actually running EAs.

I suspect any vps should do the same job no matter the provider (Metatrader or Beets via IG) therefore should just be down to a matter of cost.

Hopefully some who uses them can pitch in with a view.

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17 minutes ago, Caseynotes said:

@Kodiak, I really don't know too much about these myself, never really got into actually running EAs.

I suspect any vps should do the same job no matter the provider (Metatrader or Beets via IG) therefore should just be down to a matter of cost.

Hopefully some who uses them can pitch in with a view.

Ok, I think with Beeks vps its possible to run more than one mt4 at the same time?

 

https://www.metatrader4.com/en/trading-platform/help/virtual_hosting/virtual_hosting_migration

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@Kodiak,

I have been suggesting for a while that forward testing is extremely important when trying to optimise a trading system. Unless the market conditions, economic conditions, political conditions or what ever happens to move that particular asset are the same or very similar then forward testing will not necessarily provide results and data similar to backward testing. 

You need to have some form of ratio so for example for every three to five years you go back then you forward test one year, etc. 

If you are trading Commodities for example and Cocoa in particular then unless the conditions are similar for the back testing period for when you forward test then the data can be unreliable hence why a lot of traders lose money. They conduct extensive backtesting then also do forward testing but cannot understand why their trades are not as profitable even when backtesting a period of 10 to 20 years!

Variables one must consider are:

  • Market Conditions
  • Economic Conditions
  • Political Conditions
  • Supply / Demand for the specific asset (especially Commodities)
  • Market Sentiment

One must conduct 'Walk Forward Analysis' to try and best optimise your trading system. 

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Thanks for sharing @Kodiak,  very good detailed and informative article on how to use the built-in MT4 Strategy Tester function from setting up to back-testing to running on a demo account. 

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