Metatrader Platform

[peat]

whereas Oanda charge by the second. surely a purer way of doing it.

[arco]

That Alpari swap rate palava caused me no end of bother today.......I was about to take a nice scalp profit when I noticed that with -$159.32 swap rate it was actually result in a loss......so I did a Niederhuffer and went shopping with mrs arco, leaving the position to sort itself out............yeah right!!!!!

.........anyway, 7 positive trades later I eventually brought
the account back from a disasterous US$1683 loss to green again..... US$3035

[arco]

Another major diffence I discovered when I wanted
to scale out of a position. Taking a trade in the opposite
direction just opened a new order and I was then both long
and short at the same time. This could be beneficial on a
ranging market, but it caused me more hassles at the time
as it was not my intention.

At Oanda you can scale out of your trade as
the price (hopefully) goes in your direction - nibbling off
amounts by trading in the opposite direction. This just
reduces your original order. However, you can't be both
long and short at the same time.

So, with Metatrader its all or nothing, - if you want to scale
out of trades you need to place multiple orders at the onset
and close them one by one.

Two short term positions were entered overnight...Aud.Jpy and Gbp.Jpy
However as today seems a bit quite currently due to US Thanksgiving, I've
closed the positions off for now with that and the swap charges in mind.

[arco]

Just found this today....sounds quite interesting.............



Automated Trading Championship 2007

MetaQuotes Software Corp., ODL Securities, Alpari (UK) Ltd., FXDD and TRADERS’ journal start the second annual Automated Trading Championship 2007. The best three developers of automated trading systems will be spotted within three months. Estimation criterion is the absolute profit. The winners will share the Automated Trading Championship 2007 Prize of totally 80 000 US dollars!


The Championship started on the 1st of October and will last till the 21st of December 2007. The main goal of its conduct is the popularization of the automated trading and the programming language MetaQuotes Language 4 (MQL4). Like a year ago, during this competition hundreds of experts will strive with each other. You will see, how different trading systems behave in real market conditions, which of these trading strategies and tactics are efficient, which are not.
All through the Championship this site will present the detailed information about trade operations of each participant. In the News section you will find articles, reports and interviews with expert developers. All this material will help you to understand, which features and characteristics are peculiar to successful Expert Advisors. http://championship.mql4.com/

Participants here

http://championship.mql4.com/2007/users

[arco]

Basically had the day off today, but couldnt resist a
weeny scalp tonight riding the wild fluctuations of the
Eur.Jpy......

A nice end to the week.................

[arco]

Very pleased with the MT platform overall, - its very easy to
operate once you get to know the way it performs.

I capped the week off with a short term foray in the Looney
overnight which I closed off with a nice profit before the end of trading.
(No swap costs that way).

Scalping trades total for this week US$9755.95

30 trades............... 27 winners, 1 break even, 2 losers.

Next week I have promised myself less scalping.......its too stressful,
with too much time staring at the screen.

[Craig3215]

Hey Arco,

Pretty amazing results well done, what is the time frame of the charts you are analyzing for these trades?

[dumbass]

****ing hell

amazing week , well done arco , please allow me to polish your crown

long live the king

[arco]

Hey Arco,

Pretty amazing results well done, what is the time frame of the charts you are analyzing for these trades?

Hi Craig

Looking at the longer term trends on higher timeframes, but trading off the 15 minute chart with entry/exit on the tick pattern.

rgds - arco

[GeorgeW]

Hi Arco and thanks for inviting me here.

This is my first post. Just today I've received this link about MT4 and Metaquotes company. Quite disturbing, but I think we all know about dirty tricks in forex.

Check it out:
http://www.forexfactory.com/showthre...55#post1855155

Best Regards,

George