MetaQuotes continues to impress us with new features in MetaTrader 5.  As with any major software upgrade, however, there will be a period of time where both MT4 and MT5 will exist and perhaps be supported concurrently by brokers.  One excellent way MetaQuotes has helped manage that overlap is a feature that permits MetaTrader 5 to act as a signal provider for MetaTrader 4 with a little coding in the MQL languages.  This article outlines the process, and it was found on the MQL5 Community website, MQL5.com.  All MT4 users and administrators should be sure to keep up with MT5 news as the platform is adopted by the world’s brokerages.

Source: www.cmaplic.com

Vantage FX UK offers an exclusive test environment for Forex traders to run the rule over Expert Advisors before using them to trade for real.

In financial trading, Expert Advisors are software robots designed to automate part or all of the trading process, including Forex strategy and money management.

Unique to Vantage FX account holders, the Expert Advisor Test Lab allows traders to assess two EA Forex Robots every month through demo account testing, detailed monthly performance stats and trade-by-trade descriptions. The online lab also provides users with discounts on EA programming software.

Vantage FX UK provides traders with a comprehensive education service, including a 30-day MetaTrader 4 demo account and daily currency market insights.

Find out more about Vantage FX’s Expert Advisor Lab here.

Trading derivatives and Forex carries a high level of risk to your capital and you should only trade with money you can afford to lose. Forex trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

Source: www.prnewswire.com

Among the popular forex Meta Trader trading software Meta Trader 5 is the latest one. Recently this Meta Trader 5 is released in beta version. As a whole it resembles the previous version in interface and design. Meta trader 4 was popular because of its main features such as easy use and flexibility.

If a person has multiple accounts it is easy for him to manage the accounts in Meta Trader 5. In the navigator the new accounts window quick and easy movement

between accounts is permitted. Hence there is no delay or trouble in permitting the employment which has different strategies and in different accounts. If a person want to have two accounts one for trading and one for scalp, it is not easy for him to change between the accounts for responding to the events of the market. Those who are active in trading admire this feature.

The time saved because of the new addition pleased the long term committed investors.
The interface focus is on the main window. In this main window one can display the multiple forex price action graphs or they can have a single large panel focused for trading of their pair easily. Some of the icons and buttons that are present in the MT4 are purposely not allowed in Meta Trader 5. But it will be implemented once again. Meta Trader 4 has already important technically analyzed collections of indicators. In Met Trader 5 a huge number of indictors that are new additions are great. The forex indicators are divided in to four groups in Meta Trader 5. They are named as Oscillators, Trend, Bill Williams and Volumes. Traders can store the developed or imported items in a fifth category of custom indicator. The access is fast and easy in the new indicator group. Among moverages the new trend indicators are the Adaptive MA, the Fractal Adaptive MA, the Variable Index Dynamic Average and the Double and Triple Exponential Moving Averages. Of all these the double exponential moving average has lesser lag and more accurate than the simple EMA. This advanced tool. Triple Exponential Moving Average has even less lag when compared to the Double exponential moving average. All these common exponential and simple moving averages are used for trend analysis.

The Triple exponential Average is the latest addition among the Oscillators. TRIX has a triple Exponential Moving Average which oscillates around the centerline at 0. This indicator’s best advantage is its efficient filtering capacity. The Bill Williams are the new category of indicators in which the new Market Facilitation Index is added. According to the interaction between price, volume and the indicator itself signals are emitted from this tool. Totally there are seven new indicators are there in this Meta Trader 5.

Meta Trader 5 also has advanced features also for those who want to do auto trading. It has a powerful expert advisor and advanced trading script. Though the Meta Trader 5 is in beta stage the final product is going to be a better version.

Source: www.fxbotreview.com

Source: www.dailyforextradingedge.com

MetaQuotes Software Corp., a professional trading platform developer, announced the launch of its mobile trading platform, MetaTrader 5, for Android (News – Alert)-powered devices. The new platform, called as MetaTrader 5 Android, allows traders using Android devices to trade on financial markets even when away from their desktop computers.

According to MetaQuotes, the MetaTrader 5 Trading Platform is designed to provide brokerage services to traders in Forex, CFD, Futures, and stock markets. As a trader’s working tool intended for online trading in the financial markets, it features flexible trading system, technical analysis of quotes and fundamental analysis, financial news, alerts, automated trading and mobile trading.

Encompassing all necessary components for providing brokerage services in the financial markets, the MetaTrader 5 is a full-cycle trading platform. Released on the retail Forex about a year ago, it is already used by more than 50 brokers and banks around the world, according to MetaQuotes.

Offering the convenience of mobile trading that allows traders to manage their accounts from portable devices like a cell phone, smartphone, and Pocket Digital Assistant (PDA), the MetaTrader 5’s Mobile trading feature helps to keep up with Forex or Stocks trading account when trader does not have access to a desktop computer.

The second application for mobile trading within the MetaTrader 5 trading platform, the MetaTrader 5 Android supports all trading functions. This application receives prices of financial instruments, allows traders to trade and enables traders to view the history of trade operations.

Similar to the mobile trading platform for iPhone, the MetaTrader 5 for Android is absolutely free of charge. Interested users can start working with the application by simply downloading the MetaTrader 5 for Android in the Android Market and run it. Then, the user is required to open an account and select broker to enjoy the benefits of the application.

According to MetaQuotes, the MetaTrader 5 for Android requires a smartphone or a tablet PC powered by Android OS 2.1 or higher. In addition, it also requires a cellular network or Wi-Fi connection for connecting to broker’s server.

Officials with MetaQuotes said in the release that the functionality of the the MetaTrader 5 trading platform will be expanded in the next versions. Some of the intended features to be implemented soon include charts and technical analysis tools.

“We are counting on the development of mobile trading,” said, Renat Fatkhullin, CEO of MetaQuotes Software Corp., in a press release. “We expect a significant growth in the share of mobile trading the next 2-3 years. To spur this process, we distribute our mobile platforms free of charge.”

In recent news, MetaQuotes launched its MQL5 Cloud Network service, which allows users to create their own cloud computing available to programmers and researches.

Source: http://financial.tmcnet.com

By definition, a trading manager is one who is in charge of the people who are buying and selling investments at financial institutions. Traders are struggling with managing the trade. They are always in the lookout for more features and as well as better ways for them to manage their trades.

A Metatrader is trading software that is developed by Meta Quotes Software. This software is used for trading financial instruments online like forex, futures and options. This software was developed in the year 2002. It has evolved as among the most successful tools for trading at all times. This software includes MQL4. This is a scripting language that involves a powerful capability of real-time processing.  It is also able to provide even the smallest details in indicators. The 4.0 version is the most widely used. This includes more than fifty indicators built to it that will monitor the markets in precise ways.

A complete package of this software includes a server, mobile, client terminal, administrators, data center and manager. The client terminal is the one providing the options for trading and as well a real time information regarding the market and the indicators. However, for you to be able to start trading using this client terminal, you need to have a live account first. The most important part is the server. This is what holds the requests of the trading. It is managed by the administrator. The inquiries information and customer accounts are all managed by the manager console. The data center console is the one used to reduce the load of trading in the main server. This will help achieve an efficient level of application.

Source: www.jcjnjd.com

One of the best forex trader techniques for establishing positions in an online trading account involves analyzing exchange rate charts for a currency pair.  Technical forex traders might use a variety of chart types for this purpose, which can include tic or tick charts, line charts, bar charts and point and figure charts.

The following sections will discuss each of the aforementioned chart types in greater detail. Although Japanese candlestick charts are also very popular among forex traders, a discussion of that especially detailed charting method lies outside the scope of this article.

The Tic Chart

The tic or tick chart is one of the best forex trader tools for very short term trading strategies such as scalping, or for timing an entry into the market being analyzed. This popular chart type lacks a time frame and simply involves graphing a new tick each time that the exchange rate changes. Most forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will also be able to plot both the bid and offer exchange rates on their tic charts, as Figure 1 below illustrates.

Figure 1: A tic chart for GBP/USD showing the offered exchange rate in blue and the bid rate in red.

The Line Chart

The line chart is another useful tool that helps traders smooth out the price action and identify trends. This chart type includes a time component and typically involves graphing the closing exchange rates for each time period depicted and connecting the resulting dots with straight lines.

Most forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will be able to plot line charts similar to Figure 2 below.

Figure 2: A daily line chart for GBP/USD showing the closing exchange rate in black.

The Bar Chart

The bar chart is one of the best forex trader tools and provides much more information than the line chart. Like the line chart, the bar chart includes a time component, but it typically involves graphing a vertical line or bar between the high and the low exchange rates for each time period time depicted, as well as a left tick at the opening level and a right tick at the closing level.

Forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will usually be able to plot bar charts similar to Figure 3 below.

Figure 3: A daily bar chart for the GBP/USD currency pair showing its high, low, opening and closing exchange rates in black.

The Point and Figure Chart

The Point and Figure chart is considered the best forex trader tool by many professional traders and it focuses only on price action. A Point and Figure chart lacks a time component, and it usually involves graphing a series of X’s or green boxes to show an upward move and a series of O’s or red boxes to show a downward move.

These unusual charts are typically parameterized by a box size expressed in pips and the number of boxes required to show a reversal from X’s to O’s or vice versa.

Although primarily used by professionals who often create them by hand on graph paper, retail forex traders operating in an online trading account via an online forex broker might need to obtain a special indicator for their trading platform in order to be able to plot Point and Figure charts similar to Figure 4 below.

Figure 4: A Point and Figure chart for the GBP/USD currency pair with X’s plotted in green and O’s plotted in red, and using a box size of 5 pips and a three box reversal. Resistance trend lines are plotted as green lines, while support trend lines are shown in red

Source: www.forexnewsnow.com

MetaQuotes Software Corp. has released a new version of its MetaTrader 5 iPhone mobile trading platform application, boasting new technical analysis features.

Today, MetaQuotes Software Corp. officially released a new version of its MetaTrader 5 iPhone platform app for mobile trading. With the new version, in addition to broadened trading opportunities, forex and stock traders will receive full technical analysis features.

The new version of the MetaTrader 5 iPhone app greatly enhances the list of functions available to mobile traders. Where previously they could only trade and view trading history and charts, they will also be able to apply technical indicators – the main analytical tool in financial markets.

The new MetaTrader 5 iPhone app includes 14 of the best-known technical indicators. “In the new version, we have included the most popular indicators,” commented Denis Abramov, a leading developer of the MetaTrader 5 iPhone. “The list of indicators will be expanded in future versions.”

The company expects a significant increase in the popularity of mobile trading in the next two to three years. In line with this, MetaQuotes has concentrated its efforts on developing mobile applications.

“We want to be prepared for the increasing demand for mobile platforms,” Renat Fatkhullin, CEO of MetaQuotes Sotware Corp., said. “Therefore, we are now actively expanding the functionality of the MetaTrader 5 iPhone and developing applications for other platforms. Our second mobile platform MetaTrader 5 app for Android OS will be released later this summer.”

The MetaTrader 5 iPhone app is designed for Apple’s iPhone smartphone and iPad tablet. Starting today, the new version of the mobile trading platform is available to all users of the devices via the Apple App Store. The MetaTrader 5 iPhone app allows traders to connect to the MetaTrader 5 trading platform, which is currently used by more than 50 brokerage firms around the world.

Source: www.sacbee.com

Alpari (US), LLC (“Alpari”), a global provider of online foreign exchange (“Forex”, “FX”) trading services, today announces the significant addition of new Emerging Market and Exotic currency pairs available to its Retail and Pro traders. Twelve new pairs will be added to all Pro trading platforms, including MetaTrader 4 Pro, and Alpari Direct and Alpari Direct Pro powered by Currenex®. Thirty pairs will be added to the MetaTrader 4 platform for Standard accounts. All new pairs are listed below.

Pro trading platforms: EURMXN • MXNJPY• USDMXN.

MetaTrader 4: CHFJPY• CHFSGD• EURDKK• EURHKD• EURNOK• EURSEK• EURSGD• EURTRY• GBPAUD• GBPCAD• GBPNOK• GBPNZD• GBPSEK• GBPSGD• HKDJPY• NOKJPY• NZDCHF• SEKJPY• SGDJPY• USDDKK• USDHKD• USDNOK• USDSEK• USDSGD• USDTRY.

Daniel Skowronski, Chief Executive Officer at Alpari (US) comments on this enhancement, “In recent months we have seen the demand for Emerging Market and Exotic currencies increase significantly. It’s with this in mind that we have partnered with our liquidity providers to increase our product offerings and expand into these popular trading markets. As always, our goal at Alpari (US) is to provide our clients with a more competitive edge in a market that is continually changing.”

About Alpari (US)
Alpari (US), LLC was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is dually registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and a Retail Foreign Exchange Dealer and has been a member of the National Futures Association (NFA) since 2007, Member ID: 0379678. Alpari (US) is an independent entity within the group of Alpari companies.

With a history dating back to 1998, the Alpari companies (“Alpari”) are among the world’s fastest growing providers of online foreign exchange (“FX”, “Forex”) trading services. The group of Alpari companies has more than 50 offices in cities in over 20 countries, including London, New York, Shanghai, Dubai, Moscow, Mumbai and Frankfurt. Combined, the companies look after over 540,000 customer accounts*, generating monthly trading volumes in excess of $210 billion*, and employ over 620 people* worldwide.

Trading foreign exchange, commodity futures, options, and other on-exchange and over-the-counter products carries a high level of risk and may not be suitable for all investors.

Source: www.prweb.com

This edition was harder to make than any of the previous editions. The late release of Strategy Tester and the large number of bugs that surged while making the CEP engine took a lot of time. From this moment, magazine issues will not be monthly anymore, because they will contain a lot of work and updates of past works. This is why, this time we are adding the Forum to the Magazine.

Now back to the CEP engine.

The CEP engine was some of the hardest stuff possible to write in MQL5. It was hard not only for me as programmer, but it had implications over MT5 as well, because the spaghetti data structure that it uses put MetaTrader to the test ; it needed a lot of bug filtering, especially on objects and memory allocations. The code managed to run with minor issues barely on build 270 (yes, already in May), and completely clean on build 271. It’s a long hard code, and I’ll chop it to pieces for commenting. I also left inline comments and Print lines intact to be better understood by readers. The algorithm is quite modified, not the same as the one presented in Anatomy of a Simple CEP Engine .

To View Full Article Click here.

Source: www.mqlmagazine.com

Vantage FX is pleased to announce that it is one of the first brokers to provide clients with access to the MetaTrader 5 Demo Platform. The MetaTrader 5 trading platform is designed to service customers in Forex, CFD, Futures and Equity markets as well.

One of the main features that makes MetaTrader 5 superior to MetaTrader 4 is its architecture. A set of functions that were previously performed by one server, are logically divided between separate components in the new platform: a trade server; an access server; a history; and backup server. Such an organisation of internal interaction significantly increases the reliability and performance of the system. This translates to increased productivity, improved fault tolerance, greater stability and faster trade execution.

The MetaTrader 5 Client Terminal is a perfectly equipped trader’s working tool that allows traders to create practically any trading system and actively manage it.  The platform contains all the trading functions a trader will ever need. All types of Orders are supported, with four types of trade Operation Execution available: Instant, Request, Market and Exchange.

For traders preferring to automate their trading, the new MetaTrader 5 platform is perfect. The MT5 script has been condensed and improved to be more accessible and user friendly. MQL5 IDE is a built-in development environment for writing and using EAs, helping traders to automate their trading strategies or write their own technical indicators.

In MetaTrader 4, clients had the standard M1, M5, M15, M30, H1, H4, D1, W1, MN timeframes, but MetaTrader 5 introduces intermediate timeframes into the mix. Built-in indicators and graphical objects are used for quick analysis of quotes and trade decision-making. In summary, the terminal offers 3 types of charts, 21 timeframes and more than 70 analytical tools.

The terminal provides all the necessary tools needed to ensure full-fledged and flexible trading activities. With such a powerful trading arsenal, one can easily detect trends, various figures, entry-exit points and so much more, at just a click of the mouse.

Source: www.prnewswire.com

MetaTrader 5 : Your Forex Buddy on your iPhone – iPhone application review

If you have always desired to do some Forex Trading but never been able to take out time from your busy schedule, you need not worry anymore because Forex Trading can now be done from the ease of your iPhone. With MetaTrader 5 not only can you follow but also trade directly from your iPhone.

With MetaTrader 5 you can quickly make accounts and trade with some of the biggest broker servers like NordFX, N2Markets, AlfaForex, ActivTrades, Exness, MetaQuotes, United World Capital, Straighthold Investment Group, FXDD, and AFBFX.

Getting started with forex trading requires educating yourself on the basics. Forex trading is serious business and there is much to learn before you can begin. Taking the time to educate yourself can help you avoid costly mistakes. Before you actually commit any money to live trading, like anything else, you’ll need to spend some time practicing.

Practicing is not exciting, but it is necessary, and it should even be required when money is going to be on the line. In forex trading, you can practice using a forex practice account or demo account. If you have always wanted to try forex trading; you can do it now without risking any of your money with a Demo account from MetaQuotes or any of your favourite brokers. A demo account is a virtual account that comes with play money that you can make virtual trades with. Demo accounts are free of charge and they are supposed to represent actual market conditions. Some brokers limit the demo account to 30 days of use. A good broker allows unlimited use of a demo account.

MetaTrader 5 offers an user friendly easy to use interface with a rich variety of features like charts, analytics tools (coming soon), live currency changes and more. The functionality of MetaTrader 5 for iPhone is similar to the PC version, but the application interface is adapted to make your forex trading more comfortable. You can change the view of graphs, pinch to zoom in and out, view currency value relative to date, time and current change. You can also decide in which timeframes you want the boxes/lines to appear on. Upper or lowercase, separated by commas. Valid entries are M1, M5, M15, M30, H1, H4, D1.

MetaTrader 5 is really eye catching app for forex available on the app store for free.

Screenshots from the app :

Source: www.iphonefootprint.com

MetaQuotes Software Corp., a world leader in the retails Forex software market, has sponsored Middle East Financial Technology Exhibition and Conference (MEFTEC) that started yesterday May 30, 2011 at ADNEC in Abu Dhabi, the capital of the United Arab Emirates, and is on till May 31.

As the Gold Sponsor of the event, MetaQuotes Software Corp. will exhibit their best technologies in this high-class event. In particular, the company will show the latest achievements related to the MetaTrader 5 trading platform and will introduce the platform’s innovative features for trading on various financial markets, including stock exchanges.

Developers of MetaTrader 5 platform aim to go beyond the retail Forex and gain a foothold in neighboring financial markets. The company has defined its priorities on the stock markets.

To achieve this goal the company has focused its major resources. The new MetaTrader 5 has been certified by the Russian Stock Exchange, and now any broker can use the platform on RTS. Several Russian stock brokers are currently negotiating to purchase the platform.

MetaQuotes’ participation in this high-class congregation, which is set to be the biggest MEFTEC ever with more than 500 Hosted Delegates and over 100 exhibitors, will help the company progress towards its future plan to get certification on other stock exchanges as well.

“We have many retail Forex customers in the Middle East, and MEFTEC is probably the best place to unveil all the details of our new development. Moreover, we want to introduce MetaTrader 5 to our new potential clients from other markets and get into contact with the representatives of various exchanges,” Gaies Chreis, Deputy CEO of MetaQuotes Software Corp., said.

Source: www.canadianbusiness.com

Russian Federation (IBwire.com – May 26, 2011) MetaQuotes Software Corp., a world leader in the retails Forex software market, today launched the Automated Trading Championship 2011, an annual competition of trading robots under which,  anyone can register as a participant and compete for the prize money of $80,000.

Registration for participation is open from June 1 to September 23, 2011, and is free of charge. The Championship will start on the 3rd of October and will end on the 23rd of December.

Sponsored by MIG Bank, Go Markets Pty Ltd, Vantage FX and Forex-TSD, the Automated Trading Championship 2011 is developed in the MQL5 language for programming trading strategies. The main goal of the Championship is to popularize automated trading. The competition allows solving another important task – accumulation of unique information about the most significant achievements in the field of trading robots creation, because the Automated Trading Championship provides an unprecedented opportunity for the best professionals to test their theories in practice.

From year to year, struggling for the prize of $80,000, hundreds of users from all over the world submit their MQL-developments for the Championship. However, this year’s Championship will be special. This will be the world’s first competition of trading robots able to trade not only on the Forex, but also in the stock market. Moreover, the extended functionality of the MetaTrader 5 client terminal and the release of the MQL5 Wizard will entail a significant increase of the number of Participants.

“Over 300 Expert Advisors participated in the previous Championship”, Stanislav Starikov, the Championship Jury member, said.

“This year the number will increase substantially – we expect to receive several thousands of applications for participation. The reason for this surge lies in the recently released MQL5 Wizard, using which any trader without programming skills can easily create a trading robot. Though, this would not guarantee a victory in the Championship, of course,” Starikov said.

Source: www.ibtimes.com

Have you ever felt you are not being updated while trading. Trading has never been easier unless you are not updated about the financial transaction. Monitoring all the financial transaction will be a daunting task if you are frequently moving in the business. Here there is an iPhone app you can certainly have to overcome all the obstacles. MetaTrader 5 iPhone app will be the answer to address the difficulties in trading. This app helps everyone who is in trading can control their accounts, trade and access financial information from your iPhone

I have tried using demo account to test the app. I would say it has got all the elements one who can check it out, interms of trading and financial transaction. All the information this app fetches are in real time so you can quickly take the decision while trading. After using this app, I have started thinking to trade in Forex. I would rather say this is a must have app for people who are trading.

Some other features MetaTrader provides:

• The full set of trade orders, including pending orders.
• History of trading operations.
• Minimum traffic.
• Offline mode (prices, charts, current positions, all trading history).

I have seen plenty of trading platforms inside the app. People in trading will wonder after seeing those trading platforms. The charts were more interactive enough to keep pace with the changes in trading. Do you do trading, if yes, I would recommend this app to make use of the cool features and trading platforms available in the app.

Source: www.iphoneappsreviewsonline.com

Russian Federation MetaQuotes Software Corp., a world leader in the retails Forex software market, has sponsored Middle East Financial Technology Exhibition and Conference (MEFTEC) that begins today at ADNEC in Abu Dhabi, the capital of the United Arab Emirates, and in on till May 31.

As the Gold Sponsor of the event, MetaQuotes Software Corp. will exhibit their best technologies on this high-class event. In particular, the company will show the latest achievements related to the MetaTrader 5 trading platform and will introduce the platform’s innovative features for trading on various financial markets, including stock exchanges.

Developers of MetaTrader 5 platform aim to go beyond the retail Forex and gain a foothold in neighboring financial markets. The company has defined its priorities on the stock markets.

To achieve this goal the company has focused its major resources. The new MetaTrader 5 has been certified by the Russian Stock Exchange, and now any broker can use the platform on RTS. Several Russian stock brokers are currently negotiating to purchase the platform.

MetaQuotes’ participation in this high-class congregation, which is set to be the biggest MEFTEC ever with more than 500 Hosted Delegates and over 100 exhibitors, will help the company progress towards its future plan to get certification on other stock exchanges as well.

“We have many retail Forex customers in the Middle East, and MEFTEC is probably the best place to unveil all the details of our new development. Moreover, we want to introduce MetaTrader 5 to our new potential clients from other markets and get into contact with the representatives of various exchanges,” Gaies Chreis, Deputy CEO of MetaQuotes Software Corp. said.

Source: www.ibtimes.com

Now, Everyone can Create a Trading Robot

MetaQuotes Software Corp today announced the release of a new version of the MQL5 Wizard, an application that automatically creates trading robots for Forex trading. Using the Wizard, even ordinary traders, who do not have programming skills can easily create automated trading systems.

The principle of the MQL5 Wizard operation is simple. To create a trading robot, the user only needs to specify parameters of the trading algorithm and money management, and the Wizard would create an MQL5 program  for the same.

An important function added to the new version of the MQL5 Wizard enables traders to create trading robots based on different combinations of signals. This innovation allows sophisticated quote analysis and access to more accurate signals, and would ultimately lead to an increase in the number and variety of automated trading programs created using the Wizard.

Currently the MQL5 Wizard includes about 20 trading signals that can be combined to produce a variety of different algorithms. The application developers are planning to increase the number of signals to 50 in the coming months. The rich functionality of the MQL5 Wizard is available to any user of the MetaTrader 5 trading terminal. This means that anyone can create a robot that will trade according to a user defined strategy.

In general, the company’s 2011 strategy is aimed at making automated trading accessible to all users irrespective of their experience and programming skills.

“The release of the MQL5 Wizard is just one of the steps in our global strategy,” said Renat Fatkhullin, the CEO of MetaQuotes Software Corp. “We have long been engaged in the development of automated trading, and now we have taken an important step to help ordinary traders. We have provided them with the opportunities that were previously available only to experienced programmers. The powerful functionality used by professional developers is now available to all traders. With the new MQL5 Wizard, even a novice user can create a trading robot based on various algorithms.”

The next step of MetaQuotes’ strategy is the upcoming launch of new services – Market and Signals. The new services will provide a secure place for selling and purchasing MQL5 applications and signals. The developers believe that this will lead to even greater popularity of automated trading.

Source: www.prnewswire.com