How to benefit from trading with MT4 custom indicators
MetaTrader4 Platform offers an outstanding opportunity for traders to implement their trading visions of price analysis on practice by allowing to create and add custom Forex indicators.
Even if you are currently trading with a non-MT4 broker and/or never tried MT4 platform before, there is so much custom indicators may offer that it would be unfair to not give them a chance to work for you.
All you need to do is to open a demo account with any of the Forex brokers that use MetaTrader4 platform and continue trading live with your old broker. Or if you like MT4 already, consider moving to a new platform.
A short list of MT4 Forex brokers
Interbank FX
IKON Royal
MIG Investments
ODL Securities
Direct Forex
Hotspot FX
FXCM
The full list of MT4 Forex brokers
Opt for a Forex broker with good reputation; and regulated by local authorities.
For example, the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) regulate brokers in the United States.
To find out about current status of your US broker go to: http://www.nfa.futures.org/basicnet/
Swiss based brokers must be regulated by the Swiss Federal Department of Finance, and so on.
These regulatory authorities protect investors against brokers' manipulations, frauds and other unfair activities.
How to add custom indicators to MT4 platform
1. Close MT4 platform.
2. On your local disk find the folder you installed MT4 to.
3. Inside it find a folder called "experts", and within it another folder called "indicators".
4. Now copy your custom indicators there.
5. Run MT4 platform.
6. In the Paltform's Menu above go to:
"Insert" -> "Indicators" -> "Custom".
You should be able to find there the indicator(s) you've added.
Happy trading with new Forex indicators!
http://forex-strategies-revealed.com/
Is there any MT 4 forex broker supporting microlots(like oanda). Please share if anyone has info on this.
Thanks,
slngupta.
I saw LiteForex offering micro lots.
Also FXOpen does. The last one however doesn't even have an "About Company" page. I don't know if they are registered or regulated by any authority.
LiteForex is registered with Seychelles International Business Authority, if this tells you anything :).
Both have 3 pips spread for EUR/USD, 4 pips for GBP/USD.
That's my short research, glad if you find it useful :)
Tim
ibfx (you can trade also nano lots but they have huge spread at news times)
fxdd (you have to ask for micro lot)
forexgen (i don't recommend them because it seems to be scam. i have recognized very slow execution and requoting. i think it is impossible to day trade)
please i am a new babe in fx. can anybody give an indicator to add to my file.or where can i get an indicator.here is my email id chiddyco@yahoo.com
emmanuel
pls i need these indicator my email gentlejms@yahoo.com
Guys, all you need to do is either go to Systems using MT4 indicators page and download the indicators listed below each strategy.
Or Google mt4 indicators - there are thousands of them available free.
Post new comment