Free FOREX Automatic Trading

You can try out Forex automatic (or manual) trading on your Windows PC and see if it is for you.

Phase I

1. Download and install MetaTrader 5 Forex trading platform. You get a free Forex demo account.

MetaTrader 5

or

MetaTrader 5 software FXDD.com

www.fxdd.com/MetaTrader5     

Start Trading on MetaTrader 5 With A Free $50k Practice Account.


You now have a free Forex trading platform and a demo account.

 Open Metatrader 5. At this point you should be able to trade Forex on your demo account.

Use the View pull down to access Market Watch, Navigator, Toolbox, Strategy Tester. You should try to get familiar with the navigation on MetaTrader 5. Try a manual Forex trade and close it. MetaTrader 5 already comes with Charts, Indicators, Expert Advisors and more!

Full MetaTrader 5 Overview video>

Phase II


2. Download and install the Mover3MkII Expert Advisor.

Free download Mover3MkII

Install MT5 Expert Advisor

If you have installed the Expert Advisor Mover3MKII correctly, you should see it in the Navigator window under Expert Advisor.

Select View/Navigator

3 Open a EURUSD window and set it for 5 minutes M5.

4. Turn on Expert Advisor Mover3MkII in EURUSD window by selecting the expert adviser.

5. To monitor the automatic trades, select View/Toolbox.

You now have Forex Automatic Trading!

Technical Expert Advisor information


Mover3MkII by Bobsley, Winner of Automated Trading Championship 2010 (ATC 2010).


To open positions it uses the signals of Moving Average and Stochastic indicators. EURUSD, M5, every tick, 5-15 lots.

The strategy:

• Open long position: MA increases, Stochastic increases and located below the oversold level.
• Open short position: MA decreases, Stochastic decreases and located above the overbought level.
• Close positions: Stop Loss and Take Profit levels.

Input parameters:

• TakeProfit             =   0.007   -  Take Profit.
• StopLoss               =   0.0035 -  Stop Loss.
• MA_Period             =      76    – Moving Average period.
• Stoch_OverSold     =      30     – Stochastic oversold level.
• Stoch_OverBought  =      70    – Stochastic overbought level.
• Lot                        =   5-15    -  Lots to trade

MetaTrader 5 comes with the MQL5 programming language and a Meta editor.


MetaTrader 5 Help

MetaTrader 5 Automated Trading MQL5

MQL5 Documentation

MetaQuotes Software Corporation

Forex Demands Dedication

Forex trading software is very handy when you need to create complicated charts, but you’ll need to take some time to figure out how to use it, that is, unless you’re the most intuitive of persons. It takes some time for most people, but it’s time well spent. You’ll need this time to check out if the software produces the information you want and tests well in diverse market environments.

It’s not every investor who wants to deal with forex. Invest in an area that you know will keep you engaged. Clearly, your money is not something you want to neglect. Once you’ve gained more experience, you’ll have a good sense of the hours that most beneficially correspond to the different currencies. The forex online market can be volatile. The market’s American session is especially known for its bustling and frenetic pace. When the market’s open, every currency can be traded at any time. It takes time to get the hang of it but if you stick with it you’ll get there

FX360 - One of the Best Forex Tips That People Have Never Heard Of

FX360 - One of the Best Forex Tips That People Have Never Heard Of

Forex trading doesn’t exist in a vacuum.   Every decision you make is influenced by what’s going on in the  world.  After all, when you’re dealing in  the world’s currencies, you have to keep tabs on events that can change the  value of them!


  There are plenty of tips out there.  However, if you’re really  looking for a source that will give you the best forex information, head to FX360 – a forex news website.  That’s where you  can find news updates and commentaries about the latest forex  developments.  Plus, the site even has a  list of important world events – and how those events may impact currency  rates!

  If you really want to be  successful in the forex world, you will have to keep up with current  events.  By having everything you need to  know right on one website, you can work more efficiently – and devote more of  your time to making money!

Forex Market Turning Major Bears Toward US Dollar

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