Jump to content

MT4


Caseynotes

Recommended Posts

Just realised that Bund and US Dollar Basket have been added to the MT4 platform as well as the latest crypto/usd offerings available on the IG new platform. 

Bund and DXY can be found in the Commodities list in 'add chart', though to see them you may have to update your watchlist by opening Watchlist and right clicking on list and click 'show all'.

 

 

Link to comment

Hi Casey - this is the same on the IG platform and is actually down to the opening time of the market which is 07.05. All the 15 minute candles therefore roll from this starting time and thus are at the 5 / 20 / 35 / 50 minute marks.

The reason for this is that the bund is very ... 'spikey' when it first opens, as well as it generally tending to not open bang on 7. Hope this clarifies. 

Link to comment

thanks casey - if you actually have the 'minute' resolution selected and look at the start of the day you'll see the 7.05 start. You can generally tell the start of the day when you have the grid lines on the IG charts, because the vertical will be anchored to it (as below).

I see what you mean with the IG charts on the 15 minute resolution though... Thanks for the heads up I'll pass this on to @TimP who oversees MT4.

1706376668_2018-07-1311_12_20-IGTradingPlatform_SpreadBetting.png.87ed9fab6de90323b21d907bca2041c1.png

  • Thanks 1
Link to comment
  • 1 month later...

Spike Trader. EA for MT4 that looks for spike candles to open a trade in the opposite direction. Very good back test results though few trades triggered on the daily chart. Free download. Interesting concept, could be worth testing on different time frames as well.

https://www.earnforex.com/metatrader-expert-advisors/Spike-Trader/

The back-test of the Spike Trader MetaTrader expert advisor on the period of more than 11 years showed 73.93% profit with 5.22% maximum drawdown. The used position's volume was set to 0.1 standard lots. The EA made 172 trades, of which 59.88% were profitable. The default settings were used in this back-test on USD/CAD D1 chart.

 

Link to comment
  • 2 weeks later...

"Also this is looking pretty dated software ? why is mt4 so popular I don’t understand? @Caseynotes I know you’re keen on this - what are your benefits you seewhochb I don’t?" 

Hi @PandaFace, just to answer your question I thought it better to move on to this thread.

The benefits are the thousands of indicators and EAs available for use on mt4.

MetaQuotes do update mt4 with new versions though are threatening to stop as mt5 has been around since about 2012. The problem for MetaQuotes is that mt4 was so very popular and developed a world wide community developing indicators and EAs and every thing needs to be re-written because they won't work on mt5.

So mt4 is a victim of it's own success really, people just don't want so much change at once, a new platform and having to re-write all your favorite indicators and EAs to use on it.

 

Link to comment

Hi @Guest USer 1,  haven't seen anything like that at all. If it was a connection problem the stop/starts should be accompanied buy the familiar mt4 bells and whistles.

It might be worth  going to File > 'open new account'  and check the IG feeds come up automatically, my ping time for demo and live feeds are  around 40.00 ms.

 

Link to comment
  • 4 months later...
  • 1 month later...
  • 2 weeks later...

Interesting stats on MT4 trading from IC Markets.

MetaTrader 4 Defies All Odds, Gains Market Share in 2018. The legacy platform from MetaQuotes is still dominating the retail brokerage space despite an MT5 push.

The rise from $308 billion monthly as of the end of Q1 to almost $500 billion per month during the final three months is a whopping 61 percent increase.

https://www.financemagnates.com/forex/technology/metatrader-4-defies-all-odds-gains-market-share-in-2018/

image.png.eb90a4274ed5d93f0703df801062dcf4.png

 

Link to comment
  • 2 weeks later...

Hi Guys, 

I have followed instructions stated in the first post  on this thread, I am trying to bring up the DXY on my I.G MT4 demo account but ts not playing ball. Only shows UKOIL And USOIL in Commodities even after expanding my watch list.  Any ideas ? 

Many Thanks, 

Dan 

Edited by doublelstovell
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      16,579
    • Total Posts
      79,211
    • Total Members
      65,062
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    ecou
    Joined 29/11/21 05:35
  • Posts

    • DOW JONES OUTLOOK – TALKING POINTS: Dow Jones down most in 13 months on “Omicron” Covid variant Breaking near-term support might expose 6-month range bottom Reclaiming a foothold above 35547 needed to neutralize sellers The Dow Jones Industrial Average equity index tracking 30 blue-chip US companies plunged on Friday, shedding an eye-watering 2.49 percent and marking the largest one-day loss in 13 months. The plunge came as the World Health Organization (WHO) identified a new worrying variant of Covid-19, dubbed “Omicron”. The mutant virus seems to have spread significantly in Africa. While vaccine efficacy against it is an open question, a UK health official warned they will “almost certainly” prove less potent. A slew of countries promptly moved restrict travel and investors rushed for the exits at the prospect of another economic shutdown. Prices are now testing major inflection-zone support anchored at 34690. Breaking below that may set the stage for an extension lower to challenge the floor for the range prevailing in the second half of the year, in the 32902-33383 region. A bit of friction may be seen at the 34170-398 congestion area along the way. Immediate resistance is at 35091, a minor barrier that has acted as short-term pivot since August. Above that, a meatier resistance block is capped at 35547. Overcoming the latter threshold – with confirmation on a daily closing basis – seems like a prerequisite for neutralizing near-term selling pressure. Dow Jones futures daily chart created with TradingView DOW JONES TRADING RESOURCES Just getting started in the markets? See our free trading guides What is your trading personality? Take our quiz to find out Join a free webinar and have your trading questions answered Written by Ilya Spivak, Head of Greater Asia at DailyFX.com. 29th November 2021
    • EURO, EUR/USD, US DOLLAR, CRUDE OIL, AUD, CAD, NOK, NZD - TALKING POINTS Euro retraced some of Friday’s gains as the market takes stock APAC equities were weaker and Treasury yields recovered The Fed tightening timeline is moving. Will EUR/USD go lower? The Euro gave up some of Friday’s gains against the US Dollar in Asia today. The tightening timeline for the Fed was pushed out and this had helped EUR/USD go higher. As the pace of the taper comes back in, so does demand for USD. Markets return to normal liquidity today after a wild ride to finish last week.US Treasury yields recovered roughly a third of their losses from Friday. Although there is a large degree of uncertainty around the impacts of Omicron, government policy in many countries is changing quickly. Japan has already moved to ban all foreign visitors from 30th November. Other governments are restricting travel to varying degrees. Markets are reacting to the potential economic impacts of these rule changes. Reports from the South African Health Department have indicated that they are of the view that the health impact may not be as severe as previous strains. Many countries are erring on the side of caution after the experience of the Delta strain wreaking havoc. In Asia today, markets took a deep breath and unwound some of the severe risk-off moves seen on Friday. The perceived safe-haven currencies of the Japanese Yen and Swiss Franc weakened but remain at lofty levels compared to prior to the outbreak news. APAC stocks were down on the day but have recovered from large early losses. The major equity indices across the region were weaker by less than 1%. At the time of going to print, US futures were indicating a positive day for North America bourses. Gold is slightly softer but crude oil was up over 5% at one stage in the Asian session, recovering from Friday’s 13% sell-off. The Norwegian Krone was the best performing currency as a result. The other commodity currencies of AUD, CAD and NZD were also firmer. Looking ahead, Fed Chair Jerome Powell and US Treasury Secretary Janet Yellen are due to appear before the Senate. The market will be on tenterhooks for any fresh news on Omicron. EUR/USD TECHNICAL ANALYSIS EUR/USD made a low last week at 1.11861 which is just above the June 2020 low of 1.11682. These levels could provide support. The rally on Friday saw EUR/USD cross above the 10-day simple moving average (SMA) but it remains below all other medium and long term SMAs. This might indicate that short-term momentum could be bullish bit longer term momentum potentially remains bearish. On the topside, the previous highs and pivot points at 1.13741, 1.15245, 1.16694 and 1.16922 are possible resistance levels. Chart created in TradingView   Written by Daniel McCarthy, Strategist for DailyFX.com. 29th November 2021
    • GOLD PRICE OUTLOOK: Gold prices seesawed on Omicron variant news as real rates rose Testimony from Fed Chair Powell now in focus, may offer support Technically, prices are testing the mettle of a three-month uptrend Gold prices seesawed as illiquid financial markets drained dry by US Thanksgiving holiday closures convulsed on World Health Organization (WHO) reports of a new “of-concern” Covid-19 variant, dubbed Omicron. Bullion initially rallied as bond yields fell and the futures-implied Fed rate-hike path flattened a bit for 2022-23. Gains would prove to be short-lived however, with a rapid intraday reversal bringing gold nearly all the way to flat by the daily close. Worries about a slowdown in growth in the event of another wave of lockdowns pulled down inflation expectations. In turn, that lifted real interest rates (nominal rates less expected inflation). This undermined gold’s store-of-value appeal. The metal yields nothing, but a return of 0% seems attractive when compared to a negative one on cash, after accounting for inflation. The rise in real rates cut into that appeal, pulling prices down off the highs as the markets weighed Omicron’s potential implications. The way forward may hinge on incoming comments from Fed Chair Jerome Powell. He is due to testify before Congress this week and will almost certainly face a grilling on how Omicron or even some future problematic variant might echo in the Fed’s rate-hike plans. Mr Powell may revert to a familiar script, reiterating the Fed party line that rapid reflation owes mostly to “transitory” factors and hinting that policymakers are not in a hurry. This might be amplified with some mention of two-way risk in the size of the monthly QE taper. Gold may find support against such a backdrop. GOLD TECHNICAL ANALYSIS – THREE-MONTH UPTREND IN THE BALANCE Gold prices are idling above support guiding them higher since August. Immediate resistance is capped at 1808.16, with a daily close above that exposing the next barrier at 1834.14. Alternatively, securing a break of 1750.78 might hand sellers the initiative, with support anchored at 1717.89 in view thereafter. Gold price chart created using TradingView GOLD TRADING RESOURCES What is your trading personality? Take our quiz to find out See our guide to build confidence in your trading strategy Join a free live webinar and have your questions answered Written by Ilya Spivak, Head Strategist, APAC for DailyFX. 29th November 2021.
×
×
  • Create New...