Convenient – Use your iPhone to stay up to date with current market conditions and news – anywhere with a cell signal with Forex On The Go.

Flexible – Place and close orders, monitor live trades, set stop-loss and take-profit and more with any MT4 broker.

Dynamic – Real-time tick chart can provide up to the second pricing directly from your MT4 broker.

Find out more at http://forexonthego.com

Creating and Publishing of Trade Reports and SMS Notification

Traders don’t always have ability and desire to seat at the trading terminal for hours. Especially, if trading system is more or less formalized and can automatically identify some of the market states. This article describes how to generate a report of trade results (using Expert Advisor, Indicator or Script) as HTML-file and upload it via FTP to WWW-server. We will also consider sending notification of trade events as SMS to mobile phone.

Introduction

This article describes how to generate a report of trade results (using Expert Advisor, Indicator or Script) as HTML-file and upload it via FTP to WWW-server. We will also consider sending notification of trade events as SMS to mobile phone.

To be more comfortable with material described in this article, the reader is advised to be familiar with the HTML (HyperText Markup Language).

To implement the upload reports we need a WWW-server (it can be any computer), that can accept data via FTP. To implement the possibility of receiving notifications about trade events as SMS, we need an EMAIL-SMS gateway (this service is provided by most of mobile operators and third-party organizations).

Read full article here

Pending orders are the client’s commitment to the brokerage company to buy or sell a security at a pre-defined price in the future. This type of orders is used for the opening of a trade position provided the future price quotes reach the pre-defined level.

There are usually four types of pending orders available in the MetaTrader platform:

1. Buy Limit — buy provided the future “ASK” price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase.
2. Buy Stop—buy provided the future “ASK” price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing.
3. Sell Limit — sell provided the future “BID” price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall.
4. Sell Stop — sell provided the future “BID” price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.

*Remember, in volatile market or fast-moving market conditions, stop-loss orders can become market orders and may be filled at the prevailing price, which may differ greatly from the desired price.

Leverate Unveils New Version of Web Trader Front-End Platform for MetaTrader

(PRWEB) August 18, 2010

Leverate (www.leverate.com), a leading provider of comprehensive and innovative solutions for brokers, announced today the recent launch of an enhanced version of Leverate Web Trader.

The new version of Leverate Web Trader introduces a wealth of improvements, both in terms of functionality and usability, which revolutionize the way people trade using MT4. This fully compatible, broker-branded, browser-based front end for MetaTrader MT4 is linked directly to the downloadable version of MT4 Client.

Full synchronization ensures that any trades executed over Leverate Web Trader will automatically be updated in the trader’s installed MT Client version as well as on the Leverate STP Platform. Like its predecessor, the new version of Leverate Web Trader enables clients to trade anytime, anywhere over the web using their MT4 login details, with the addition of many new features and exciting tools catered to the needs of today’s on-the-go traders. The solution has already being adopted by most of Leverate’s MT4 “private label” brokers, as well as other major industry players.

Read full press release here

978 Participants Registered

MetaQuotes Software Corp., Interbank FX, MIG Bank, FXCM, the TRADERS’ magazine and Dow Jones hold the fourth annual Automated Trading Championship 2010. The best three developers of automated trading strategies will be revealed within three months. Assessment criterion will be the absolute profit. Winners will share the Automated Trading Championship 2010 Prize of totally 80,000 US dollars!

The championship will begin on October 4th and will end on December 24th 2010. The main goal of its conduction is to popularize automated trading and the MQL5 programming language. During the contest, we’ll have the chance to estimate success of different Expert Advisors and to see what are limits of the automated trading progress today.

MetaTrader 5 client terminal can be downloaded here.

Three important rules were announced by MetaQuotes in order to reflect real trading environment:

1. Scalping is not allowed – “never use scalping: if the profits of 25% of trades, made by the end of the contest, are detected to range within the spread, the Participant will be disqualified”. Strategies who use scalping method in demo account are most likely not to reflect live trading results, because of market fluctuation and the differences between a “clean” feed of the demo account and a “real” feed of a live account, and because of the sensitivity for the differences between Brokers spreads.
2. Limiting Max positions / amount – “The maximum combined amount of positions and pending orders’ lots, regardless of the direction on one symbol, is 15. Stop-losses and take-profits are not taken into account” – to prevent non realistic trading leverage, Metaqoues are limiting the maximum open positions total lots size.
3. The winner will be determined by the highest balance at the end of the competition – “Only three Participants, having the maximum balance at the moment of the contest’s closure, can become the winners of the Championship”.

Find out more at http://championship.mql5.com/2010/