Your Questions About Forex Mt4
December 20, 2011 by Forex Guide
Filed under Forex Account

George asks…
What the total procedure to make a forex website?
i want to know where i have to registar to build my own forex site then from where i have to buy MT4 Platform and how much money is monthly cost to build a new forex site?

Forex Guide answers:
To build the site you would need a domain (basically a name of website), you can go to godaddy.com and buy a name (will cost you 10-15 USD per year)
Then a hosting company which will host your webpages ($10-$15 per month)

Paul asks…
Help me to find a forex broker in UK with 5 day chart with a New York Close MT4.?

Forex Guide answers:
I’d go with http://comefollowme.zulutrade.com/SignUp_Intermediate.aspx and then it will give you a long list of brokers you can use. For you, I’d select either FXCM.co.uk, or global.fxdd.com.
By opening your broker account through the link above, you’ll also get some additional features added to your account that those brokers don’t normally give to everyone, mainly, the ability to follow signal providers. If you are totally not interested in this feature, and you’d rather just use MT4 (or, if you’d rather BE a signal provider), you’ll need to go directly to FXCM.co.uk and set up an account with MT4 access. But then you won’t have access to the something like 8,000+ free strategies that you get access to by using the link I gave at the top. It’s up to you though.
FXCM by the way would be my first choice, since they have no dealing desk. FXDD has a dealing desk, and their disclaimer says they make profit when you lose money, and they lose money when you make money, so watch out, because they actually want you to lose. That’s what a “dealing desk” is. Oh, and their disclaimer goes on to say, that their prices which they send to you are fabricated, and they can make the market appear to move against you anytime they want, and they can make the market move in different directions for different customers at the same time. Very scary stuff.
Both FXCM and FXDD are really big though, and both of them are compatible with signal providers, and both work with MT4 also.
EDIT: I don’t think MT4 supports 5 day charts.

Robert asks…
I am aware of FOREX EA’s… What about Futures Trading Robots?
Hello,
I have been doing a lot of research and there are dozens and dozens if not hundreds of EA’s for use on MT4, trading FOREX.
But I am unable to find anything on robots for Futures trading. While I look forward to manually trading Futures in the evenings, it would be nice to have something to catch a good trend during pit hours, while I am away at work.
Thanks for any tips or keywords that may assist in a Google search. ; )

Forex Guide answers:
I haven’t also come across any automated futures trading system or what you are calling a futures robot. There are many futures contracts that you can trade. Maybe this has to do something with the nature of the futures market. You haven’t mentioned what type of futures contract you want to trade. Infact there are many dozens of futures contracts like stock index futures, crude oil futures, interest rate futures, commodity futures, currency futures and others. Futures markets are a lot different from forex. Futures market is a highly regulated market. You can find both price and volume in the futures market unlike forex where you only have the price action.
I came accross a swing trading strategy that works for forex, stocks and futures. This swing trading strategy takes not more than 10 minutes to trade each day. Many people think that automated trading is the solution or what you call the Holy Grail. Infact there is no holy grail. Successful traders are those who learn to trade manually first. Automated trading systems without knowning how to trade manually do not give good results as market conditions keep on changing and if you have the feel of how the market is changing you can change the setting of the automated trading system. You can only develop the feel of the market by manual trading. First practice and paper trade for one to two months. Only then trade live. Good Luck!

Richard asks…
What is the forex trading software on which you can tag the buy/sell actions?
I have been using MT4 but it doesn’t seem to allow me tag the buy/sell action. I have seen people using other software that can do this sort of thing. Does anyone know?

Forex Guide answers:
If you just want to draw something on the chart with some text or whatever, you can use the CreateObject function in MT4.
I post my buy/sell signals in real time right here: http://comefollowme.zulutrade.com/Performance.aspx if you are interested in following me. Also there are a lot of other professional forex traders there who are also posting their buy/sell signals in real time. It’s a great alternative to MT4 if you are having trouble with MT4.

Jenny asks…
I would like to learn FOREX trading as a teenager?
Hi, Im 16 years old and living through the last couple of years ive realized no job is safe, and that i want to be successful and live a long, healthy, and great life without having to worry about financial problems. Ive been reading about forex and practice trading on a mt4 platform but i was just wondering if anyone had any books or programs to recommend, thank you

Forex Guide answers:
Forex is a very risky business if you don’t know what you are doing and it takes years to learn and become good at it..
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Tags: futures markets, trading software, good luck, successful traders, interest rate, market moveYour Questions About Ea Forex
December 17, 2011 by Forex Guide
Filed under Forex Account

Ruth asks…
Forex EA needed – programmers wanted?
Hi,
Can someone help me with an EA that will open a buy/sell order if the price hits the previous candles high/low?
I use the h1 chart and would ideally like to be able to set stop loss, take profit and possibly trailing stop with the EA. Even more beneficial would be an option to set how many pips away from the previous high/low trades should be entered.
Thanks,
Rich.

Forex Guide answers:
Itic software will write your EA for you:
http://www.expertadvisormetatrader.com/portal/MT4ExpertAdvisorRankingsPage3/tabid/88/Default.aspx
(21st company listed)

George asks…
Help with forex??Brokers and EA’s?
I’m trying to find out which would be the best forex broker for an Aussie?
Also which EA systems are worth buying, I found one that is over $250000, others are only a few hundred dollars. Confused, please help! 10 points for best answer!

Forex Guide answers:
Hello there
http://www.mbtrading.com is a ECN platform and the money you deposit and trade will actually move the market real time.
Strategy / Portfolio Management Solution
I myself have tried this FOREX portfolio management solution and I can say not 100% but at least 80% of the trade were successful. No one even experts and experienced trader cannot make 100% profit out of this market for its volatility and this strategy provide volatility adjusted position size…
Worked miracle for me…hope it helps to u too
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=320335141456

Paul asks…
Forex EA Generation 2 HELP!!!!!!!!!!!!!!?
i need help in having more time of the trial version because I don’t want to waste money on buying it and find out it was all crap please can anyone tell how to extend the trial time or getting the program for free just to try it a little bit more so I decide to buy it or not THX

Forex Guide answers:
It’s take it or leave it there is no other choice.
Forex is about investing money and make profits, and i found out that the best investment i have done was getting some good EAs.
I have no idea about this one but there are some very good EAs online with good price 100$ to 300$. I have one that costs me 2000$ but i like it

Mandy asks…
Has anyone used EA for trading forex?

Forex Guide answers:
I have with success and failure. I dont like EAs because they are not server based. Two people running the same program can get vastly different results. They are unstable and rickety. That being said the basic idea of programming an entry is sound. Server based programs would be more stable and reliable and you can use the same algorithms (EAs). In the first quarter of next year at least two brokers will have stable server based execution systems and my conpany will pursue using them.
Good trading
mark mc donnell
www.forexearlywarning.com

Helen asks…
TRADING FOREX WITHOUT INDICATORS OR EA?
I hear from a lot of places that trading without indicators is the best way of trading. How does one do that though? Is there a software that just gives signals? preferably for metatrader???

Forex Guide answers:
YES THERE IS. Its the best forex system in the universe. Its the only way to trade without indicators. Its called the FX-AGENCY ADVISOR 2. I have heard a ton excellent feedback from it. All you do is follow signals and you don’t need a chart apparently. People seem to be making a lot of pips from the fx-agency forex signals. Here is their site
WWW.FXATRADE.TK
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Tags: stop loss, trading forex, trial version, experienced trader, Forex Broker, real time, Ea ForexYour Questions About Ea Forex
December 10, 2011 by Forex Guide
Filed under Forex Account

Laura asks…
Anyone know any good forex EA that he/she using and have a good results with it.?

Charles asks…
Whats the best EA for FOREX?
Based on REAL results could you tell me whichs the best or which has the best rank for you?? Thanks!

Forex Guide answers:
Honestly, you’d probably be much more profitable learning technical analysis, tracking economic events, and trading for yourself. No one will trade your money like you can.

David asks…
need an EA for Metatrader software (Forex) to share my trades with my students?
Is there an expert adviser (EA) that I and my friends can install it on our metatrader software to see the trades of each others?
I want this for educational purpose.
where can I download it?

Forex Guide answers:
I’m not familiar with an EA that would do this, but you could share the investor login for the MT4 platform with your friends. It allows another user to login and view the trading activity but not trade the account.
You could also use a site such as www.fxstat.com, www.mt4stats.com, www.myfxbook.com, or www.mt4pips.com which imports the MT4 statement up to their website which you can then share with your friends.

Mandy asks…
Can someone recommend the best forex robot(EA)?
I would like to trade forex but I am scared to do it myself because it is too complicated. I have been going through forex robots, there are so many out there and it is hard to choose the one that really works.

Forex Guide answers:
I’m not going to lie to you when I say that most “forex robots” are actually scams.
Because people know we are a “hungry crowd”, they figure that they can easily make a quick buck byselling products that don’t actually work…
So I was very pleased to find http://www.fxsystemscompared.com which reviews only LEGITIMATE forex robots.
I personally use one called “Forex Autopilot” which is a software tool and comes with several guides too. The review for that tool is here: http://www.fxsystemscompared.com/rev_forex_autopilot.html

Betty asks…
forex EA ‘fapturbo’ backtesting not doing well.?
I can’t seem to get good results in backtests for this EA, could this be because the brocker’s GMT offset changes during the testing period (1 year).

Forex Guide answers:
The time difference won’t have that much of an impact. It’s one of three reasons:
Fapturbo doesn’t work.
Fapturbo doesn’t backtest well, but performs better in real time.
Your backtester (Metatrader?) is buggy.
Try it on a demo account, in real time, for a month or two. Backtesting is not accurate at all, but demo trading is very accurate.
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Tags: demo account, expert adviser, forex robots, make money, best forex robotYour Questions About Ea Forex
December 3, 2011 by Forex Guide
Filed under Forex Account

Richard asks…
forex vps metatrader EA?
Im looking for a VPS service for running my metatrader forex EA Robot. Need a good price and fast connection for 24/6 service.

Forex Guide answers:
Http://382caipafakhdz3apn6ewhkog6.hop.clickbank.net/?tid=FAPCOMMUNITY
http://0db9ecpedlpe2-5abhzf3yrv5b.hop.clickbank.net/?tid=FAPTURBOSALE
good luck but it takes knowledge as well

Sandra asks…
Looking for forex EA programmer?
anyone knows how to built a forex ea programmer

Forex Guide answers:
Here May Be you Check It .
It mas Taken Just Min’s of time But The Matter Of Question How It’s Making Money ? Here I’m giving Some One Of the latest Incredible Software.

Michael asks…
Looking for a forex EA programmer?
any one knows how to build a forex EA

Forex Guide answers:
Hi
here are some best forex trading platforms to strat trading
——————————
forexplatformslist.com
——————————
good luck

Steven asks…
Excuse me. Does someone realize how to choose true Forex EA from fake and a real Forex signals from fraudule?

Forex Guide answers:
The only way is if you sit on top of the trade and watch in real time those signals. You will not find an EA for a few hundred dollars that is profitable long term. You are best off learning your own trading style and developing your own trading plan. Why would you spend time marketing a EA or robot, that was profitable. You wouldn’t you be too busy trading it.
Check the websites mentioned, also forex forums, forexfactory, trade2win etc. Also ask the 10 questions listed here. Http://www.wheresmystop.com/Forex-Trading-Systems-Robots.html
1) Whats your refund rate? Major question! What are refund terms 30 days, 60 days? You reckon you will know how successful a robot is after 30 days?
2) What brokers, if any, allow use of said automated robots? Some Brokers won’t, some platforms can’t.
3) What markets does it trade and time frames involved?
4) Profit history – Is this Hypothetical, Simulated over what time period months, years? Trending markets, ranging markets?
5) Small print small print small print ‘Past performance does not mean’ etc
6) Is it bait and run? I.e ‘limited number’ once sold, sellers gone..
7) Support Technical help etc
Good luck.

John asks…
What’s the best Forex EA/ robot?
I can’t seem to find any straight answers! Fap Turbo? Megadroid? Ivybot? Forex Godfather? Robominer? Please no spam. Thx

Forex Guide answers:
I’ve heard people touting Fap Turbo more than any other, but they’re the new hip thing.
There were several groups of us programming computers in the Nineties for the new neural net programs that could learn from its own mistakes and optimize itself, using branching techniques and if/then statements. We could optimize and curve fit and see it profitable on historical, but none were ever consistent real time. The same holds true today.
Just think about it. All the big money traders and institutions and floor traders and funds and banks, and they all have computers and programmers and experienced traders and they can all move the markets by small amounts, to a certain degree. All they have to do is buy Fap Turbo, see how it works, then trip the signals and take the market the other way.
I’ve made it sound like a conspiracy, but that is a simplified case. Any indicator that becomes well-known and widely used, will stop working consistently at some point. There are literally thousands of indicators out there that worked really great at first, but work about as well as a coin toss now.
If Fap Turbo makes so much money, why do they need to sell it?
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Tags: foreign exchange market, VPS service, neural net, Profit history, floor traders, trading plan, simplified caseYour Questions About Ea Forex
November 26, 2011 by Forex Guide
Filed under Forex Account

Ken asks…
Should I Close Open Trades Made By My EA When ForEx Closes?
Hi, I’m using ForEx Autopilot and was wondering, my open trades come out positive for this week and the market is closed for the weekend, should I leave them open and my EA running or should I close them and start fresh next week?

Forex Guide answers:
Start fresh next week.
You obviously have little clue about the FX market and the risk. Using an EA should only be done by the most experienced traders. In the wrong hands… It will kill your account.
There is no “easy way” to trade FX. Not EA’s, not alert services, no “special” software. FX is hard work and years of learning. Rewarding….. But certainly not easy.

Chris asks…
Which Forex EA are good to have for year 2010?
Im looking for some good EA for year 2010 in order to help me in my investment.

Forex Guide answers:
In this world, nothing is good and stay unbreakable, this goes the same with EA. There is no EA that can win all the time. So to me, invest wisely when you want to buy EA.

David asks…
Anyone has tried FAPTurbo forex EA, how is the performance?
Is this sofware reliable and what is the ROI? Is the support good?

Forex Guide answers:
There is NO forex automated system that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich.
To become a successful Forex traders, you need learn it and master the necessary skill to be successful in forex trading.

Sandy asks…
Optimal history time when optimizing an EA (forex)?
I just bought an EA and Im playing around with the settings in order to get the smoothest curve. Anyways im wondering what would be the perfect historical time range to consider? 1 -2 yrs, 6 months back?
Thanks

Forex Guide answers:
Hi!! It depends what kind of EA it is…when it as launch!
If it is a scalper.. And works on 1 minute… Try 1 year…
If it is a 15 min… You can try 6 months…. Try to figure out how does it works on August and December.. Usually hard months on forex market….
Also be aware if it ask for specific hours to trade.. Usually based on GMT.. And which GMT is your Software Server!
It works only in 1 pair or various pairs?
What Risk does it use!
Take Care

Nancy asks…
Where Get Forex Tracer EA Real Reviews ?
I wnat to read real forex tracer review and know its real features and if it’s good or bad expert advisor as i try to find best forex trading expert advisor.

Forex Guide answers:
Many forex “review” sites are affiliate marketers just looking to earn a quick buck from affiliate sales and you have to watch out from them (hem, hem, above answers)
If you would like to read a full detailed review of Forex Tracer, feel free to read this review taken from a work at home entrepreneur’s blog
http://www.projectpaydaymentor.com/2008/03/forextracercom-review.html
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Tags: FX Market, forex trader, Forex Market, experienced trader, Forex Tracer, quick buck



