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
      16,225
    • Total Posts
      77,662
    • Total Members
      64,412
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Dan
    Joined 18/10/21 22:05
  • Posts

    • Video presentation from Dr McCullough who has been posting on covid since the start. Reveals some truly concerning information on the current situation re; covid and the vaccines. - Looks at independent safety oversight (none). - Treatment protocols early and late (officially there is still no early treatment) - CDC reporting (misleading systematic asymmetrical bias) - Delta and legacy alpha data (99% of cases are now delta) - Major conflicts of interest. Really horrifying that this worldwide trial with intended 100% participation has no safety oversight at all, there is no one to stop it as the data on the vaccines is increasingly disturbing. Scientific, covers the important points of many research papers, fast paced but clear and pointed. The most important video I've seen on covid and the vaccines, covers a lot of ground, absolutely must watch. (1h:50min) Pub'd 24 Sept 2021.   The Covid testimony of Dr Peter McCullough – Part 1: Cancelled for telling the truth - The Conservative Woman  
    • I'd go with that - I'm working off the Interaction of the Interest Rate cycle and the Stock Market cycle - Stock turned Inflationary from a cycle perspective late 2016, from deflationary which started 2000, for that 16 year cycle everything deflationary has happened and the action to try to create inflation - Robert Pretcher (Elliott Wave International) wrote "Conquer the crash" in 1999 - although he is/was wrong on the stock market outlook, the rest of the book was pretty much spot on from a central bank/economic aspect tackling deflationary pressures etc From a cyclic point of view the stock market cycle from 2000 basically repeated the 1929 crash cycle, x cycles back in the same stock market cycle - last time BoE Int rates were depressed for 22 years was from 1929 until 1951 which coincided with said stock market cycle  We've a generation of people who think Interest rates are always this low! the shock should be in the property market and especially anyone with a Buy to Let Investment property that has got a bad/poor yield as well as mortgaged to the hilt - they'll more than likely see negative returns once taxation and costs running it are taken into account, which will be good for FTB's as they'll have a nice supply of affordable housing stock to pick from as the rise to normality for Int rates should then cause a dip in the property market (possibly)  Different rules apply to the markets during deflationary and Inflationary cycles and you find that central banks aren't on it in terms of getting it right which is why they got caught out in 2003 / 2009 and now with Inflation to which they [BoE] should react to Inflationary pressures by raising rates even though we all know for some time Inflation has been occurring Fun times
    • Hi @THT Traders now see 40 basis points of tightening this year to take the key rate to 0.5%, compared with around 20 basis points last week. They also see further rate increases next year, betting that borrowing costs will climb to 1.25% in November 2022. According to Bloomberg. Yet there’s a growing sense that higher rates risk damaging the U.K.’s fragile economic recovery. Economists surveyed by Bloomberg have cut their estimate for 2022 growth by 0.4 percentage points to 5.1%.        MongiIG
×
×
  • Create New...