The majority of Forex traders are using MetaTrader 4, but why? It’s an ancient platform that almost hasn’t changed an inch since it was released by MetaQuotes 8 years ago. How a company developing the most widely used forex trading platform in the world can pick their nose for 8 years is truly baffling.
If you are using FX Synergy you know exactly how many shortcomings MT4 has. Are you still using MT4 because you have a number of indicators or EA’s that can’t get with another platform?
Continue reading “The Best MetaTrader Alternative”
If you are looking for the best way to manage trades with MetaTrader 4, I highly recommend you check out FX Synergy from Pecunia Systems. It’s an awesome MT4 Trade Manager with everything you need in terms of features, and then some. Many of features you won’t find anywhere else in any other trading product. It has 1-Click Execution with Risk Calculation, supports Multiple Accounts across Multiple Brokers, and can automate almost everything you need or are currently doing manually. It has a ton of truly excellent and powerful features to make your trading much more efficient. It’s a real Windows application that runs next to MT4. This MT4 trade manager gives you all the functionality you would ever need to manage your trades in a fast a easy way. If you are currently using various scripts and EA’s to do different tasks with your trades, then you need to check out FX Synergy.
Continue reading “Best Trade Management Software for MT4”
If you have been using the MT4 platform for any length of time, you know how cumbersome and time consuming it is to use. Placing a trade used to be a major pain in the rear, but with the latest MT4 update MetaQuotes finally decided to add 1-click execution directly on the charts, which is great, but how do you manage your trades after they have been placed?
Everything else still takes too much time to trade successfully. There are simply too many steps, and too much fiddling involved to make it work in your favor. What you need is an MT4 Trade Manager, an piece of software that can take care of all the steps and fiddling for you, so you only have to click a button, or two, to have it magically do everything else for you.
Using the classic approach in MT4, how fast can you modify 4 trades, setting the SL to 20 pips from entry and 40 pips from market? Or partially close 25% of 4 trades with odd lotsizes? It would take a lot of time and fiddling, and in the meantime the market is moving. Sure you could use some clever scripts to do some of the work for you, but that still involves fiddling with settings and making sure you get everything right.
Bottom line is: MT4 is too cumbersome to use for trade management as it is, and scripts are only a partial solution.