How to install expert adviser System-CCI v.1.0 in Meta Trader 4

Hello dear friends. I haven’t been writing for a long time, but today I’ve decided to start series of posts about really successful advisor System-CCI v.1.0.
At first I will tell you how to start working with this advisor.

1. Dearchive the folder with advisor, instruction, and SET files, then copy the advisor file “System-CCI v.1.0″ to folder “experts” of MetaTrader 4 (C:\Program Files\MetaTrader NordFX\experts).

2. Copy the SET configuration files into the “presets” folder of your MetaTrader 4 (C:\Program Files\MetaTrader NordFX\presets). Names of your SET files may be differ from those, shown in the picture, and their number may be different too)

3. Now you have to restart the trading terminal. You will see System-CCI v.1.0 on the list of advisers in the “Navigator” panel.

4. Click “Tools” – ”Options” and place a ticks as it is shown at the picture.

5. Then in the “Market Watch” window select a currency pair that you need, right click on it and select “Chart window”. I will work with “EURUSD” currency pair in this presentation.

6. After currency pair chart opening, drag (left click) advisor from the “Navigator” panel to the chart.

8. Select “Inputs” and click “Load”. Unfortunately, I didn’t find this adviser in English, that’s why on my screen shots you’ll see Russian words.
You will see “Presets” folder of your MT4 and select adjustment you need, then click “Open”

9. After that, check your “lot” and “maxl” parameters. For NordFX “Micro” trading account they are 0.1 and 0.2. Select periodicity “M5” how it is shown on the picture.

10. In case, you need to change your advisor properties , you may change it during your work: right click on chart – Expert Advisors – Properties.

I will write about specific advisor adjustments in my next post soon!

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What are the Killer Psychological Aspects of a Forex Exchange Trader?


Let’s talk about the most common mistakes of forex investors that can either prevent them from earning profit or wipe put their entire forex account. The top most killing psychological aspects of forex exchange investor are as follows:

1. Always Enter the Market against the Trend
Sometimes traders enter in the market with the thinking that the trend in the market is already on its peak and it will stay there. But, what happens is, the trend proceeds and the traders lose their trades. Sometimes we lose trades in the market because we rely on our conscious and on subconscious mind instead of our forex trading system and on our tested and proven forex trading strategy and when lose trades we start getting negative feelings about the market.

2. Entering in the Forex Marketplace when its too Late
Some traders have the habit to take risks very easily whereas; some forex exchange traders are risk allergic. Remember, whenever you join the currency trading market you will find the element of risk in it but if you will take reasonable risk and if you trade in the direction of the forex market trend then you can create winning position in the market.

3. While Losing, Increasing the Position in the same Direction
This particular pattern happens with those forex exchange traders who can’t face any type of forex trading losses. Such types of traders are generally great gamblers by nature and they usually possess high egos.

A trader buys a forex trading position and the market starts moving down instead of moving upward. All of sudden, a forex exchange trader purchase more. The market keeps on moving down and the traders still purchase more. When we do so, the market will either kick us out or it will give us a margin call.
Why the market behaved like this? We take positions in the market and after sometimes when we lose our trades, we become too self-possessed that we don’t accept that we are making wrong decisions.
Future foreign exchange traders should learn to trade emotionlessly in forex marketplace and they should never involve their egos in their trades. Just a firm control on your feelings and on your emotions and a full time practice on free forex account will keep up happy and prosperous in forex exchange market. The market can have peaks and it can have downfalls as well. Traders should learn to adjust with the changing forex exchange market conditions by using well proven and tested forex trading psychology.

Post by Ali

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What Traders Want to Know about Forex Exchange Rates?

Foreign exchange rates or forex rates actually indicate the value of one currency versus another. For example, the forex rate of two Australian Dollar (AUD) to Euro(EUR) shows that 2 Australian Dollars are equivalent to one Euro. Forex rates are determined by several factors such as psychological, political, fundamental and technical factors.

Factors Influencing Forex Rates

The factors that can directly affect forex exchange rates are as follows:
1) Technical Factors: Interest rates, relative inflation rates, exchange rates and capital movement and official intervention are some of the technical factors that can instantly increase or decrease forex exchange rates. Higher capital yielding forex exchange currencies generally have high forex rates as compared to the lower ones. Comparatively high inflation rate directly effect economic policies of the country and it also undermines the expected demands of the country’s currency in forex exchange market. In forex trade, the official intervention and forex market regulations can also affect forex exchange rates. Although, the official intervention can only yield positive results for forex currency traders if it’s done properly and whole heartedly.
2) A political crisis in a country or a big event like 9/11 can prompt forex exchange traders to buy Euro instead of USD.

Other determining factors include forex currency speculations, attitude of banks towards keeping trading positions open through out the day.

How Traders can get Best Forex Exchange Rates?

Here are few ideas for you to make sure that you are getting the best forex exchange rates in forex online trading:
• Information — Try to learn about forex currency market as much as you can before trading currencies in live market. With the help of forex currency broker, you can not only easily trade with your live forex account but you can grow your capital as well by getting real time forex exchange rates.
• Professional Guidance — Online forex trading gurus and professionals possess extensive market knowledge that is why; they are in position to offer you best forex exchange rates. These professional gurus and brokers are increasingly used by young traders in the industry and they really help futures to plan their trading and making sensible transactions. These professionals also provide services like booking and buying of forex currency rates as requested.
Forex exchange traders can also find latest information about forex exchange rates on World Wide Web as well.

Post by Ali

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Forex Demo account

Hi, everyone! My apologies for the delay. Today I would like to talk to you about Demo Account in Forex trading system. In what cases do we need to use such type of account? What is it value? What should we attention to?

As a rule, newcomers are not usually ready to start trading with real money, because they have not enough experience. Forex brokers like Nord FX, for example, are very aware of this and have made provision for novice investors to practice trading through dummy or trial accounts.

Forex brokers offer many benefits for newcomers to trade initially through the demo account. These include:

  1. A realistic live system with fake money.
  2. The system provides a trading platform for the trainee to become familiar with Forex trade.
  3. The new investor can become accustomed to looking at Forex rates, currency converters, various charts and see how it all works.
  4. The investor is in no risk of losing money while using the dummy Forex account.
  5. The trainee investor will gain vital experience, which will help once the decision is made to go live into Forex online.

The demo account helps new Forex traders to judge whether the system is suitable to their trading and easy to use or not. It is really very helpful. I have done the same steps before start trading with Nord FX and making real money. You can try to trade with their demo account and may be it will help you to understand if this broker compatible with your objectives or not.

The investor should be aware that the demo system that is offered by some broker does not operate in the same manner as the broker’s live system. You should always keep in mind that mistakes in live Forex trading cannot be corrected and you should be extra carefully!

There are also several pitfalls in using a demo account that the newcomer should be aware of:

  1. Not all trial trading Forex accounts work the same once the investor goes live.
  2. It is human to take more risks when you know that you operate with fake money.
  3. The transition from using fake money can translate into bad habits when moving to using real money.
  4. A newcomer may be inclined to disregard the opportunity to check how well the brokers system works and may look at using a demo Forex account as a waste of time.

You always should remember that online Forex trading for the inexperienced investor is full of risk. To minimise the risk newbie investors should learn how to trade in Forex system by using a demo Forex account. While doing this, check the Forex broker’s trading platform and systems to see either they are compatible with your objectives or not. It is the best way to get more experience in Forex trading without losing real money.

Good luck in trading!

 

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MT4 Android Trader

Good day to everyone! Today I want to talk about a long-awaited addition for me in the line of the popular MetaTrader trading platform — MT4 droidTrader which runs on Android phones v.2.1 or above. This application helps traders to make transactions from anyplace where you can find the Internet connection. You can control your account state, trade in the financial markets and read trade information using your smartphone.

So I choose Nord FX MT4 droidTrader because I trade with them. Nord FX MT4 droidTrader allows free mobile MT4 trading for all new and existing Nord FX clients.

Features Include:

- Trading from a real-time live tick chart
- Ability to use all symbols available
- Place Buy and Sell orders
NordFX MetaTrader Andriod Application

- Place Pending orders
Nord FX MT4 droidTrader Application

- Set Stop-Loss and Take-Profit
- Close and Modify Existing Orders
- View Real Time Profit/Loss of Live Trades
Nord FX MT4 droidTrader Application

- View Past history
Nord FX MT4 droidTrader Application

- Real-time interactive currency charts
- Real-time market price overview
Nord FX MT4 droidTrader Application
- Fibonacci Retracement Calculator
- Pivot Point Calculator
- Profit Calculator

This application also will access the following device options:
- Data exchange
- Unlimited access to the Internet
- Application can create network sockets.

If you don’t know how to download Nord FX MT4 droidTrader on your phone, let’s have a look at these three easy ways to do it:

How to download droidTraider from Android Market?

1) Launch the “Android Market” Application on your phone.
2) Click on the “Search” icon on the right.
3) Enter “Nord FX MT4 droidTrader” into the search field.
4) When the application appears, click on it and follow the instructions to install it.
5) Like it!

If you are browsing from your Android phone right now, you can use following link to download droidTrader:
Android Market Download Link

How to download droidTrader with QR barcode scanner?

1) Open your QR barcode scanner application on your phone.
2) Point your phone’s camera at the barcode below and scan it.
3) Follow the onscreen instructions and “Nord FX MT4 droidTrader” will be installed on your phone.
4) Like it!
Nord FX MT4 droidTrader Application
How to download droidTrader via e-mail?

You can also download droidTrader via e-mail. You just need go there
and enter your e-mail address in the input box in the rightmost column. Click the “Send” button.
You will receive an e-mail message with the download link. Just tap the link and follow the instructions to install the application. Like it!

I hope this post was helpful for you.
Good luck in trading! :)

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How to Use an Online Forex Trading Software?

Online forex trading software or platforms are in fact the most dynamic way of operating in forex trading online at present. With the help of web based forex software, a trader can save lot of time by opening up a live forex trading account by engaging himself directly with an online forex broker right from his own home. An online forex trading platform facilitates your forex trade in such a way that you are able to look after it without even the help of forex news and any other tool because a web based forex trading software provides updated forex rates and live forex news coverage to the forex trader so that he can easily make right forex trading decisions.

Before start trading with a web based forex trading software, a trader should find a best web based training platform. There are plenty of things that a trader should consider when selecting a web based forex trading software as every web based forex trading platform can not supply you with your trading needs. If you really want to see what your web based trading platform can do for you, just convert your forex demo account to a new forex account and have the real game.

When trading with web based forex trading software, the forex trend graphs and the forex chart analysis are two most valuable and important indicator that a trader should consider seriously. These graphs and analysis can help you to judge the behavior of forex exchange market. These graphs also provide the granularity of the forex trading information to the forex trader so, it is important for the forex trader to have a day’s view of these graphs and sometimes a month’s view as well.

In forex online, trend forex trading graphs generally show forex currency behavior to the forex trader so that he can effectively plan when to buy or sell a specific currency pair. With the help of trend graphs and technical analysis, a trader can easily figure out when the specific currency is catching up the value or when it is going to lose its value in the forex trade. Automation is probably one of the key features that are introduced by online forex trading software. Almost all forex software offers this important feature without any extra cost. When making use of this important feature, a trader can easily specify forex trading rules for automating your online forex trading.

Post by Ali.

 

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Three Types of Forex Indicators that you Must Know in Forex Trading

Lots of forex investors spend their precious time in looking for a specific telltale signs that give them indication to purchase and trade a specific currency pair. And, their search can give them plenty of fascinating options but most of the times, the results are usually same. The real truth about forex trading is there is no unidirectional way to bring success in forex trade. There are several different types of indicators that can aid young investors to determine the right moment to get the best forex rate.

The three important forex exchange market indicators that are followed by top most forex investors are as follows:

Indicator No1: A Trend Following Tool
Countertrend forex trading approach can help forex traders to make money in forex trade. However, the easiest approach for young traders is to spot out the exact direction of the major forex trading trends and then making good and solid attempts to get maximum profit by trading in the direction of these trends. You can also perform this simple and easy task with the help of trend following tools. Lots of young traders do not understand properly about the importance of trend following tools in forex exchange. That is why; these traders either use them improperly or as a separate forex trading system. Well, the exact function of a forex trading tool is to suggest whether to enter in a currency exchange market by taking a short position or a long position.

Indicator No2: A Trend-Confirmation Tool
Now we know that a trend following tool will help us to predict whether a specific currency pair is going up or down but how will you confirm that this indicator is reliable or not? It is a reality that majority of trend following tools can easily be whipsawed so the most ideal way to have a safe trade is to judge whether the specific trend following indicator is reliable or not. For this purpose, lots of forex traders use trend confirmation tools. A trend confirmation tool may or may not provide you a buying or selling signal but traders can make their trade if both the tools (Trend Confirmation Tool and Trend Following Toll) agree with each other.

Indicator No3: An Overbought/Oversold Tool
Lots of young traders are advised to make their forex trade according to the direction of some major trends but it is important for you to decide whether to jump in forex trading as soon as the solid trend is established or enter in the market at the time of pullback. In simple words, you have to determine whether to make purchases into strength or not if the trends in forex exchange market get bullish. In order to get the clear picture, an experienced forex trader will definitely rely on an Overbought/Oversold tool. This tool can help you to figure out the exact scenario of a forex exchange market.

Post by Ali

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International Women’s Day

International Women’s Day (IWD), originally called International Working Women’s Day is marked on the 8th of March every year. It is a major day of global celebration of women. In different regions the focus of the celebrations ranges from general celebration of respect, appreciation and love towards women to a celebration for women’s economic, political and social achievements.

2011 International Women’s Day
Events are scheduled to take place in more than 100 countries around the world on March 8, 2011, to commemorate the 100th anniversary of International Women’s Day. In the United States, President Barack Obama proclaimed March 2011 to be “Women’s History Month”, calling Americans to mark IWD by reflecting on “the extraordinary accomplishments of women” in shaping the country’s history. Secretary of State Hillary Clinton launched the “100 Women Initiative: Empowering Women and Girls through International Exchanges”, on the eve of IWD.

Wiki

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MetaTrader 5 Mobile for iPhone, iPod Touch and iPad. How to install?

Install Metatrader 5 Ipad, Iphone, Ipod
Hi, everyone! Today I’ll talk about a long-awaited addition in the line of the popular MetaTrader trading platform — MT5 Mobile which runs on iPhone 3G/3GS/4, iPod Touch and iPad with iOS 4.0 and above. This application allows traders to make transactions from any place in the world, 24 hours a day and moreover — it’s free of charge! Now you may control your account, trade in the financial markets and read trading information using your mobile.

How can you get one? It’s very simple! You need just find the program in the AppStore and download it to your smartphone. After synchronization, you can run the application and start working. The terminal requires a cellular network or WiFi connection. There’s no additional configuration just download and use it.
The functionality of MT 5 for iPhone is similar to the PC version, but the application interface was adapted to make your trading more comfortable.

It provides:
- Trading from the most popular Forex platforms;
- Convenience and ease of using;
- Access to your account at any time;
- Real-time quotes;
- The full set of trade orders, including pending orders;
- History of trading operations;
- Minimum traffic and the possibility to work even through GPRS.

Now, let’s see some MT5 options:
Terminal can connect to the trading server and get quotes and trades
Make Quotes, Trades Metatrader 5 Ipad, Iphone, Ipod
and view the history of the transactions

I’ve heard that the developers have promised to add graphics and analytics later in the upcoming upgrade. So let’s wait for this rejuvenation.

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Forex Brokers – How they help you to Earn Money?

Lots of people are enthusiastic about forex trading and there are many who are just curious to enter in this huge market of making money. Forex currency trading market is perhaps the biggest online trading market of the world with approximately 3trillion trade a day. So, if you are thinking to find your career in forex online then it will not be a great surprise for others. There are lots of forex trading tips available on net for the beginners like to use forex trading software, forex robots etc. You will read some interesting and useful information about forex in this short write-up so that you can perform your trading business more easily and more happily.
Don’t trust on those people who think that forex trading is an easy job because this is completely a wrong statement. Approximately more than 95% of forex traders normally lose their forex trading game each day. If you want to start trading in forex with this believe that it is easy to win in online forex trading then it’s better for you to stop thinking about it because forex online is certainly not that easy as you think. The only way to get success in forex online is to have some solid knowledge about online forex trading. You also need to learn about some basic forex trading tools and software that can really assist you to build your forex trading strategies effectively.
It is really critical for you to manage your losses in forex trade with your winning trades. This point is significant for all forex beginners because every beginner will have countless losing days and he or she should accept this loses justifiably. Don’t allow your emotions to control your brain and never believe on those fake forex brokers who offer a system with 100% winning ratio. Remember, not even a reliable and experienced forex broker can provide you a system that gives you hundred percent outputs because forex online is an UN predictable market. You need to use your brain along with reliable forex trading software to make a winning trade.
Lots of young forex traders also ask this question that should they use forex robots. Well, if you want more flexibility and more continuity in your forex trading then you should certainly have forex robot.

Post by Ali

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