Beware of Brokers Lagging Your Expert Advisors

August 16, 2013  |  Automated Trading, Expert Advisors, MetaTrader 4  |  Comments Off on Beware of Brokers Lagging Your Expert Advisors

If you are using Expert Advisors on the MT4 platform, beware that some brokers are messing with the order execution. I’m using several accounts across multiple brokers, and with some of them I’m seeing some really weird behavior.

Imagine that your MT4 terminal us fully connected to your broker, the quotes are coming in constantly, your EA tries to place a trade but gets a “no connection” error from the MT4 terminal. How the heck is that even possible? I have seen a number of other errors as well, however the “no connection” is the most frequent.
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Do Profitable Expert Advisors Exist?

June 22, 2013  |  Automated Trading, Expert Advisors, MetaTrader 4  |  Comments Off on Do Profitable Expert Advisors Exist?

If you look around the web you can find more Expert Advisors than traders. There are so many broke wannabe traders throwing crappy EA’s together to make some easy money. The problem is they are always backtested and never tried in a live market, which means the result is very…

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Risk Management with MetaTrader 4

June 12, 2013  |  MetaTrader 4, Risk Management  |  Comments Off on Risk Management with MetaTrader 4

Did you know that most traders don’t use proper risk management at all, and this is the main reason their account gets creamed fairly quickly?

So many traders are opening orders purely based on lotsize, without taking into consideration how much risk that lotsize actually is. If you place a 1…

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MT4 Account Connection Limit

May 31, 2013  |  MetaTrader 4  |  Comments Off on MT4 Account Connection Limit

Unless you have been hiding under a rock, you have probably heard about the recent MT4 limits imposed by MetaQuotes. The first to experience this was myfxbook, who started having issues connecting to user accounts a few weeks ago. With the recent MT4 update, MetaQuotes have imposed a limit on…

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