.png.de256ca002ab6ba1e57b6a5b6fab5244.png)
JamesIG 283
- 0
Sign in to follow this
Followers
0
Make sure your MT4 platform is up to date (build version 1170 or above)
Asked by
JamesIG
-
Member Statistics
-
Total Topics7,868
-
Total Posts41,598
-
Total Members51,894
-
-
-
Posts
-
By CharlotteIG · Posted
Hey @dmedin, our analysts did a piece on this yesterday you might be interested in. https://www.ig.com/uk/news-and-trade-ideas/what-will-happen-to-the-premier-oil-share-price-after-the-electi-191210 -
-
By Caseynotes · Posted
When looking at these markets and the trading behaviour of the average retail trader it seems to me that many don't really understand the market they are trading, there are also psychological factors that influence decision making to the detriment of trading success. If you are not confident in your understanding of the market then you are solely dependent on technical analysis but TA is not a given, it can only play out if assisted by fundamental and macro factors, those factors currently point to bull continuation. So the US major indices are routinely hitting new all time highs, the retail trader thinks they need to sell the high in order to buy back lower (buy low sell high right) so the retail trader (the crowd) are constantly trying to pick the tops (and patting themselves on the back thinking they are being contrarian). The positioning data of IG clients tell us this is exactly what's happening. Every time price goes higher the sell position ratio increases, when price is falling in a down trend the buy position ratios go higher. So clearly this is all wrong, when price is continually rising you need to buy high and sell higher. You buy breakouts or pullbacks, you should not be looking to sell a bull trending market at all. So why do they do it? The market is too high (no it's not), it must be the bears turn (wait and see first), but I need to sell the highs, the saying says so (no, you're not an investor), the chart is looking 'toppy' (just no), the TA is pointing down (doesn't matter without fundy and macro assist). An understand of a market comes with experience, until it does stick with the basics and look for longs in an uptrend, don't try to second guess the market and end up constantly fighting against it.
-
Make sure your MT4 platform is up to date
From July 1st, 2019, MetaQuotes (the company behind MT4) will end support for all MetaTrader 4 platform components below 1170. Old terminal versions will not be able to connect to broker trading servers, while servers running under old versions will no longer receive updates. You need to make sure your build is version 1170 or above which was originally released on December 20th 2018.
How to check your MT4 build version
If you are unsure if you are affected you can check this by going to the MT4 platform and then going to ‘Help’ and selecting ‘About’. On the bottom left you will see which ‘Build’ version you have and the date the software was published.
How to upgrade your version of MT4
Run MT4 as administrator by right-clicking on your desktop icon, and click “Run as administrator”. Then when MT4 is opened, you will be prompted to complete a LiveUpdate. If you are looking to update your mobile application simply update the app as you would with any other app.
Any question?
Just ask
Share this post
Link to post