Metatrader 4 (MT4) is the most popular Forex trading platform. It is the main tool for people to start their careers in the foreign exchange market. MT4 receives a lot of praise because the platform is easy to learn and use for simple beginner trading, but can also be used for advanced and even automatic trading with the help of Expert Advisors (EA).
As a beginner, one may grasp the basics of trading with MT4 very quickly, but real problems start to surface when unexpected errors, instability, and freezing occurs. Technical difficulties can be noticed by beginners trying to tinker with many of MT4 features, as well as intermediate traders running too many processes at once.
When a trader tries to execute a specific trading strategy, it is not usual for them to face some technical difficulties. When those are resolved, proper implementation of tools available on MT4 allows traders to make a profit on Forex. Here are the reasons why your trading software might be frozen and what can you do about it:
The usage of charts is very common for a Forex trader. Robots and marks make them even more valuable, adding the right information on your screen that can help you achieve the task at hand. However, there are cases when these powerful additions have an error in their code. A quick restart of MT4 sometimes resolves this issue, but if the software keeps freezing, the indicator might be the cause of your problem. If MT4 gets frozen right before your intervention, delete the folder containing your chart indicator or robot and try running the software once again.
When you decide to take your forex trading into the next level, the power of your hardware can play a big role in the functionality of your trading platform. Opening too many charts at the same time, as well as having charts with multiple robots or indicators can be too overwhelming for your computer memory. Changing the number of charts displayed (Tools - Charts - Max bars in chart) makes MT4 much more stable and manageable. Restart your trading platform to see if the issue has resolved. In some cases, computers do not have enough memory to run MT4 or the software has not been turned off for ages. Try restarting your MT4 to see if that is the case. Some traders also run Expert Advisors for automated trading, making the need for a more powerful hardware a necessity. If closing and opening your MT4 does not help solve this problem, try using a Virtual Private Server (VPS) for your Forex trading. VPS Forex trader offers affordable hosting for many traders trying to advance their careers. Individual server partitions with customizable locations, memory, RAM, and an operating system allow you to get a VPS powerful enough for the smooth functioning of your trading system. Using MT4 and many of its tools with a VPS is a far more efficient and reliable process.
In the world of Forex trading, even an expert cannot successfully trade without the right tools at their disposal. Because all trading operations are executed through computers with an internet connection, a good computer becomes one of the tools that are necessary for success. A better device will not show many improvements in your trades if you are an inexperienced trader. The quality of a computer affects the smoothness and precision of your trading system.
Running trading platforms and expert advisors (EA) uses a lot of resources, so your trading laptop must be strong enough to execute the required tasks and smoothly run your trading platform. The most popular trading platform is MetaTrader 4 (MT4), which can also utilize EAs for automated trading. Because this platform does not require a lot of power, you can run it on a dual-core processor with 512 MB RAM, but going for 1 or 2 GB is recommended. Of course, the utilization of various tools can increase the necessary system requirements.
It is worth to say that internet speed is a far more important factor when trading on Forex. Finding a device that is durable, reliable, and cost-effective can make your life a lot easier, but only a better internet connection will increase the precision of your executed trades - a trait that has nothing to do with the laptop you are using. When it comes to finding a great laptop for trading, the more power you can get, the smoother your trading experience will be. Trading platforms can take a toll on your laptop. With all the necessary tools deployed, your trading system can end up utilizing a lot more of the power than you might expect.
The display, the size, and weight of the computer are physical features of a laptop that sometimes get overlooked. These parameters are very unique because they tend to differ when taking into account the preferences of a trader. Laptops with a great display provide an unappreciated level of comfort. Some might prefer bigger laptops for more working space, while others utilize the simplicity and mobility of a small laptop. Choosing the right priorities for yourself can bring additional joy to the trading experience. If you are a trader that loves to work from home or an office, a bigger, more powerful device is what you need to utilize all the intricacies of your trading system. Traders that love to stay on their feet and travel prefer a device that brings enough comfort and peace of mind when trading on the go.
There are many cases where traders that find themselves in a difficult financial situation cannot afford a good enough laptop for their trading operations. Fortunately, there is a solution that will not only eliminate the need for a more powerful device but will also solve the problem of poor internet connection. Because the majority of Forex trading is automated, the proper functionality of EAs depends on stability and fast internet connection. Virtual Private Servers (VPS) are the most effective tools in the world of trading. By utilizing Forex VPS, a trader can run their EAs on a partition of a remote server with separate but customizable system requirements. VPS Forex trader provides Forex VPS services for many traders around the world. A client simply chooses the location of the desired server (it is recommended to search for a server that is closest to your broker), as well as system requirements, for a monthly fee. VPS Forex trader eliminates the need for a good laptop for trading and places a bigger emphasis on automation and you can try Free Forex VPS. A good EA needs a 24/7 uptime and a fast internet connection, and these are the main advantages that a VPS brings to the table.
A Virtual Private Server (VPS) is a great tool used by many Forex traders worldwide. Forex VPS services create the perfect environment for trading by eliminating all the inconveniences of working from home or in an office. For a monthly fee, a trader can utilize an independent, individual partition of a server to maximize the efficiency, safety, and precision of executed trades. The majority of forex trading is automated, and a VPS is a superb asset which allows your expert advisors (EA) to trade without any interruptions. If you are running your MetaTrader 4 (MT4) or any other trading platform from the comfort of your home, an inferior internet speed, poor security, and a threat of unexpected power outages significantly reduce your chances of earning a profit. The benefits of Forex VPS make it a necessity in the world of trading.
To make the best use of this amazing service, one must know how Forex VPS works. The whole system is separated into entities that are connected to the internet. The trader uses the internet connection to get access to both the rented VPS and the MT4 server of your broker. Forex VPS service allows the transfer of your EAs into your VPS, which allows ceaseless trading. Because a Virtual Private Server is well protected from physical and digital security breaches, as well as power outages, the sole entity that is executing your trades will be guaranteed a 24/7 uptime. Automated trading of EAs keep sending orders to the broker's server, and you can monitor your system through your trading account with your PC or any other device, as long as it has an internet connection. When a trader is running their EAs on a home PC, maintaining a fast, stable, and reliable connection is not easy. Forex VPS provides the necessary stability you require to earn a profit on the foreign exchange market. Choosing the right VPS with required specifications shows the beauty of algorithmic trading. Properly tuned EAs need precise and stable execution, and that is exactly what Forex VPS can provide.
For beginner traders, opting for Forex VPS hosting might be an unreasonable choice. To utilize this powerful tool, one must first gather the necessary knowledge to earn its first profit. Without some experience, a trader is much more prone to suffering losses due to incompetence. In this case, using Forex VPS is simply out of the question. This tool helps to increase the precision of executed trades, which is crucial when the magnitude of them is far greater. When the trader has some experience under his belt, implementing EAs into an affordable VPS is an important step to progress your trading career.
VPS Forex Trader provides great hosting services for traders since April 2011. With the emphasis on great customer support and both affordable and customizable plans, VPS Forex Trader offers the perfect conditions for your EAs. With the severs in New York, Amsterdam, and Vilnius, a trader can select the server of their choice to get a closer location to the broker's server and maximize the precision of executed trades. 75% of trades on Forex are automated, and Forex VPS gives you the necessary conditions to thrive.
It is safe to say that trading on the foreign exchange market has undergone some drastic changes over the last few decades. When looking at the history of Forex in its entirety, we only witnessed the birth of digital trading platforms in the '90s. For many people, terminal trading was an introduction to the foreign exchange market. Fast forward to today, there are numerous trading platforms offer numerous trading options. The age of computerization has led us to a point where 3/4 of all trades are executed by not traders, but specifically designed, automated trading algorithms.
Trading platforms allow traders to gather all the necessary information to execute profitable trades. MetaTrader4 (MT4) and MetaTrader5 (MT5) are extremely popular trading platforms created by MetaQuotes Software Corp. Both of these platforms are accessible for free and are constantly utilized by traders all around the world.
For beginner traders, choosing the right trading platform can be a very confusing process. MT4 is an older platform that proved to be stable and very reliable for 15 years. MT5 is a newer platform with many powerful features, and many traders label the platform as the future of Forex trading. If you want to learn more about trading on the foreign exchange market, or maybe you want to become a trader yourself, which software do you choose? MT4 or MT5: which one is better for Forex trading?
The mobility and comfort of using MT4 are hardly surpassed by other trading platforms. The software is accessible in three different formats - you can control and monitor your trades on a browser or install MT4 on your desktop and even mobile phone. MT4 offers many unique technologies that improve trading methods and analysis of the market. The biggest advantage of MT4 is the possibility of automated trading. This platform allows you to utilize Expert Advisors (EA), which follow an algorithm designed following your trading strategy. This is an extremely powerful tool, allowing more advanced traders to automate even the most complex trading algorithms. Even the new traders which may not utilize these powerful improvements will find all the required tools for efficient trading.
MT5 is another extremely powerful trading software, often regarded as the future of all retail trading. The main benefit of this upgraded platform is MQL5 - a programming language that allows you to create unique, powerful indicators that improve the accuracy and success of your trades. You no longer have to restrict yourself to already implemented analytical tools. The freedom offered by MT5 is often preferred and loved by more advanced traders, who love to maintain greater control and gather all the necessary information for successful trading. The simplicity of MQL5 makes the creation of EA a far simpler and more rewarding task. With MT5, trading robots can utilize many trading strategies simultaneously, while accessing extremely accurate analytical data.
It is reasonable to assume that MT5 is a better trading platform because it takes a lesser toll on your trading setup and gives a wider variety of tools to the trader. That being said, the consistent popularity of MT4 should not be overlooked. This platform is often a starting point for many traders thanks to its mobility and simplicity. If you want to run your trading system on a Virtual Private Server (VPS), both platforms are supported by the VPS Forex trader. MT5 has a lot more to offer, but the comfort of MT4 makes it a fierce competitor to its successor. Choosing one platform over the other boils down to personal preference.
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For Forex traders, great internet connection is one of the most underrated assets. Internet speed is often underappreciated, mainly because for many people, it is hard to notice the power of great internet, for an average person.
Trading on the foreign exchange market can be a very delicate process, requiring unusual amounts of precision. Traders that like to travel often get frustrated when traveling to underdeveloped countries, because the dip in internet speed affects the accuracy of executed trades. Every trader should have some understanding of internet speeds. But what kind of internet is great or at least sufficient enough for Forex trading?
Understanding internet speed for Forex trading boils down to two concepts: upload speed and download speed. When using the internet, your computer or another digital device keeps uploading and downloading the necessary information. High download speed is important to retrieve accurate market data, while upload speed is directly responsible for the precise execution of your trades. The slower your download speed is, the more you will be misinformed before executing a trade. A great internet connection is very important for manual Forex trading, but it is crucial for automated trading.
When trading on the foreign exchange market, you are forced to make fast decisions daily. Slow upload speed causes a delay significant enough to sabotage the success of your trades. Besides, 75% of all trading around the world today is automated. When a trading software of your choice keeps trading as instructed by your specific algorithm, slow internet drastically decreases the success chance of your trades.
When trading on Forex, try to make sure your download internet speed is at least 1mb. It is extremely important to understand that the speed presented by your internet provider can be very misleading because it only displays the maximum speed your network can achieve. Expecting such download speed at all times is unreasonable. The average speed can be as low as half of the maximum speed or even lower, so it is crucial to take these fluctuations into considerations, and, if the need arises, upgrade your internet.
To ensure accurate execution of your trades, make sure your upload internet speed is at least 500 kb. You will still encounter some frustrating delay, but it is the minimum requirement to have bearable and successful trading experience.
If you want to ensure the success of your trades, a great internet connection is a very useful tool that reduces the chance of failure. Make sure your internet speed is not lower than 1mb upload speed and 2mb download speed.
More advanced Forex traders often claim that trading at the comfort of your own home is too unreliable and risky. By utilizing a Virtual Private Server (VPS), many traders install their trading software on a remote server with an ultra-high-speed internet. By paying a monthly fee, you can utilize the VPS Forex trader for your trades. In addition, internet speed is not the only feature that will increase the success chance of your trades. Stability and security provided by the VPS Forex trader eliminate all the inconveniences related to both manual and automated trading. Your trading system will never be affected by power outages, security breaches, and unstable internet connection. If you are serious about Forex trading and want to take your career to another level, the VPS Forex trader is a great tool that will increase your chance of success.
A virtual private server (VPS) is a very powerful tool for trading on the foreign exchange market. The hardware and location of a VPS allow for faster, safer, more precise currency trading, which is crucial for both manual and automated trading systems. Setting up a VPS for your forex trades means setting yourself up for success. Eliminating the inconsistencies, delays, and safety issues ensures much smoother execution of trades. Here is how you set up an acquired VPS for forex trading.
When you order your partition of a powerful server, you will receive an email from the vpsforextrader.com Support team. This way you will get an IP address, username and password to connect to your forex VPS.
To get access to your VPS, use the remote desktop connection program in windows. It should be located in your Start Menu under Accessories, but can also be found by using a search bar. The program should look similar to the image below:
When connecting, enter your designated IP address into the computer window, as well as the username bellow. You will be prompted for your password right after you press connect.
If the connection to your VPS is successful, you should be presented with an empty windows desktop. Congratulations! Now what is left is an installment of your trading system. Downloading a Metatrader 4 platform from your broker is a popular choice among many traders, but everyone can have their unique, individual trading strategy and approach forex trading differently.
VPS creates a whole new world of opportunities for traders. The most successful clients love VPS providers for their safety, on both digital, and physical levels. High-speed internet and the location of the servers reduces the delay between operations. Precision is extremely valuable because it reduces the probability of error and maximizes profit. In addition, most of the forex trades today are automated. Although more experienced traders utilize semi-automation more, switching to manual monitoring on riskier trades, automated trading is extremely useful for earning a respectable profit. By running your automated trading system at home, you lose all the benefits mentioned above, but the most important factor is stability. A trading system on a home computer is extremely fragile, so hardware problems, power outages, and other inconveniences can ruin your profits and even sabotage your livelihood. The stability, proper maintenance, and security of facilities in which the server is located make your trading experience much more pleasant and successful.
VPS Forex Trader has been providing VPS Forex hosting since April 2011. High priority on proper customer support makes sure every client is satisfied. By offering useful and flexible upgrades, VPS Forex Trader allows the client to decide the parameters and functionality of a VPS without data loss. With servers located in the USA, New York, as well as Europe, where we are located in Lithuania and The Netherlands, VPS Forex Trader offers all clients a stable power supply, which can even be enhanced in a need of further expansion. Our data centers are very safe on both physical and digital levels. If you seek to ensure the safety, functionality, and efficiency of your trading system, VPS Forex Trader will help you achieve these goals.
MetaTrader 4 (MT4) is a widely used, most convenient platform for trading on the foreign exchange market. Financial market analysis and Expert advisors make the life of a forex trader much easier. Trading Signals, The Market, Mobile trading and other significant features are crucial for the successful execution of trades.
More experienced traders utilize numerous MT4 accounts at the same time to increase the magnitude and profit of their trading system. This is a very popular trading strategy, but using too many MT4 platforms on your personal computer can become an insufferable load for your CPU core. Also, home-based trading has persistent problems with speed, security, and stability. Utilization of a Virtual Private Server (VPS) is crucial for successful forex trading. But how many MT4 terminals can you run on a VPS?
There are many factors you have to take into account to determine how many MT4 terminals you can run on your VPS: the amount of data received, charts and their indicators, usage of Expert Advisors and their open trade averages. Every MT4 tool is flexible and can be used differently, but an abundance of indicators and overuse of other tools can overload the CPU of your VPS.
In most cases, clients can run up to 4 MT4 terminals per CPU core. This number can change significantly with the utilization or removal of certain tools, but we do not recommend overloading your VPS CPU. Maintaining your trading system at an optimal, safe, and comfortable level will make sure its efficiency and functionality do not suffer during more intense market hours when CPU usage will spike.
VPS Forex Trader offers a variety of hosting services, which can be changed and modified if required by the customer.
Plans for VPS:
VPS PLAN FX-1: Up to 4 MT4; CPU1 CORE;RAM 1 GB ECC.
VPS PLAN FX-2: Up to 7 MT4; CPU2 CORE;RAM 2 GB ECC.
VPS PLAN FX-3: Up to 10 MT4; CPU3 CORE;RAM 4 GB ECC.
Plans for dedicated servers:
DEDICATED SERVER FX-1: Up to 25 MT4; CPU 1x6 CORES, 12 THREADS; RAM 8 GB ECC.
DEDICATED SERVER FX-2: Up to 75 MT4; CPU 1x10 CORES, 20 THREADS; RAM 16 GB ECC.
DEDICATED SERVER FX-3: Up to 150 MT4;CPU 2x10 CORES, 20 THREADS; RAM 32 GB ECC.
It is in the trader's best interest to not overload MT4 terminals. Only run what is necessary for your system and do not use Expert Advisors or indicators if they do not serve any important purpose. By keeping the most important parts and hiding symbols you will not trade is the best way to optimize your trading system and minimize CPU usage.
When using one or multiple MT4 terminals, keeping your CPU usage below 80% is a good guideline for comfortable, successful trading. This way your system will be prepared for busy market hours and will remain its proper functionality. You can monitor your CPU activity with a Windows Task Manager (CTRL+SHIFT+ESC).
Random Access Memory (RAM) of your VPS is also very important and should not be overlooked. The performance tab on Windows Task Manager allows comfortable monitoring of both CPU and RAM. Make sure the memory available never gets too low. If your trading system requires more memory, contact your VPS provider for an upgrade.
VPS Forex Trader provides great VPS hosting services since April 2011. With the emphasis on customer support, we provide safe, useful services for every client. Utilize our VPS for your trading system and make a significant step in the world of forex trading.
There is no denying the fact that forex trading and market proficiency goes hand in hand. To become a successful forex trader, you have to keep yourself updated with recent market trends. Technical indicators are an integral element of technical analysis that can be used to predict future price changes and market fluctuations.
Luckily, there are many best mt4 and mt5 forex indicators available online that can help you get the better idea about the market changes. In this post, we’ll explain 3 widely used free forex indicators that can ensure great trading results if used correctly.
How it Works?
Let’s admit it, forex traders put in lots of hard work in hope to get some profitable returns. The general misconception about technical indicators is that they’re only beneficial for new traders, but the fact is that they can be used by both novice as well as professional traders to save time.
Forex indicators are based on numerical formulas that make quick computations of numerous price parameters. All you need to do is to visit MetaTrader platform, click on insert and add your preferred indicator to the chart.
The Best Forex Indicators for 2020
Forex indicators are classified into different types and you can pick one or more indicators depending on your particular trading style and requirements. Below you will find three most popular technical indicators that are used by the majority of traders due to their functionality.
Moving Average also known as MA is basically a trend indicator that shows a mean value of a price over a certain time period. In other words, MA helps traders identify and follow the trend by following price fluctuations.
Moving Average recognizes the trend direction, determine reversals and depict potential support as well as resistance levels. A trend is bullish if the price exceeds MA and bearish when the price is less than the moving average.
Simply put, MACD is a technical indicator that demonstrates the market phase. It indicates when the forex market needs correction or rest. Technically, MACD is somehow based on MA except for the fact that it is included in the oscillator’s category of technical indicators. Generally, MACD histogram is used to indicate turns in price by showing considerable ups and downs, divergence and crossover between the chart and the signal line. In addition to that, when MACD interweave the zero line, it represents the bullish or bearish trends.
Bollinger Bands is another popular technical indicator which is used to measure market volatility. Technically, Bollinger Band comprises of 3 lines in which each line represents a Moving Average. The price is continuously encircling the middle band. Bollinger Bands can be a perfect choice for sideways market. There is a selling alert when price exceeds the upper band, while one should buy pairs when the price declines below the lower band.
Conclusion – Use These Three Indicators to Help Your Forex Trading
In conclusion, all the above enlisted technical indicators can do wonders if used at the right time and with right strategy. Make sure to invest some time in understanding what each line/signal/alert mean as it can help you better understand the results.
If you have been reading a lot about trading and the styles of trading, you have probably stumbled upon the swing trading strategy. You might have even read a few short lines about it.
Swing trading is a very popular trading strategy for traders who don’t mind holding their positions for several days at a time. This trading style is quite suitable for those who don’t have much time to spare to monitor the performance of their trades, though they spend maybe a couple of hours for that.
What does swing trading do?
Swing trading tries to spot “swings” within a medium-term trend. The swing trader will only enter when there seems to be a high chance of winning the trade. In general, if there’s an uptrend, your goal is to go long or buy at “swing lows.” Conversely, you want to go short or sell at “swing high” to use the countertrend to your advantage.
How to Swing Trade
You have to remember that your trades will last more than a day. This means that you will have to decide on how much stop loss you are going to place. Usually, swing traders use large stop loss orders in order to weather volatility.
A heads up: you will most like see your trades go against you during the holding time. There can—and there will—be many price fluctuations in the shorter time frames. It goes without saying that you should remain calm during these times. Stick to your analysis and try to have some confidence in your strategy.
Meanwhile, trades usually have larger targets. This means that spreads will not have much of an impact on your overall profits. In other words, you can trade pairs will larger spreads and lower liquidity is quite acceptable.
Top Qualities of a Swing Trader
If you want to be a swing trader, you must have the following qualities.
First, you should have the appetite to hold trades for several days, not being antsy to close it when sudden volatility hits.
Second, you need to be willing to take fewer trades. Such trades should be well-planned and carefully picked, and they should sport good setups.
Third, you should know how to place good and large stop loss orders. This is for you to survive the volatility that comes along with holding trades for more than a day.
Lastly, you should have tremendous amounts of patience. You got to keep a clear head if you want to come out of the trade alive, or you will probably exit the trade without ever gaining anything and in fact losing.
NOT the Qualities of a Swing Trader
On the other hand, you might want to consider another strategy and stay clear of swing trading if you have the following qualities.
First, you’re an action junkie, meaning you like fast-paced and thrilling trading. If you’re like this, swing trading will not satisfy your need for action.
Second, you easily get jittery when volatility hits.
Lastly, you’re not a swing trader if you easily run out of patience and you want to know right off the bat if you win or lose a trade.
Which brokers use MetaTrader?
MetaTrader4 is a popular trading software with a comfortable customer terminal. With many powerful utilities and an easily readable interface, MetaTrader makes trading much easier. The main executable function of opening and closing your position is very easy to use. An investor can manage and control his risk by affecting stop-profit and stop-loss. MetaTrader4 has many unique drawing tools, chart options and technical indicators used to make your trading life that much easier.
Right now, many brokerage companies are utilizing and modifying MetaTrader4 to their advantage. The platforms based on MT4 sometimes have distinct features that attract traders to use the broker's platform instead of the general MetaTrader4. Here we present to you a few brokers which use MetaTrader4 and their advantages.
Pepperstone is a pretty safe broker for Forex trading. It uses a MetaTrader platform suite and offers great popular features like copying trades and automatic, algorithmic trading. The platform also has great premium features to make even bigger improvements to your MetaTrader4. Pepperstone has great customer service and great options on pricing plans. Pricing can differ depending on your choice of account. You can choose a Razor Account, which is based on commissions, or a Standard account. For intermediate traders, Pepperstone is a great choice with amazing customer support and great pricing.
Many Forex traders choose Admiral Markets as their broker. It is a safe broker which offers great investor educator and a lot of great features for your MetaTrader. You can choose from up to four account types with different fees and trading products. Commission and pricing are alike across all accounts. Admiral Markets is an agency broker that simply directs client orders to the parent company. This broker is excellent for MetaTrader due to its Supreme offering, which has mane expert advisors and extremely useful indicators. For a skilled, advanced trader, these tools can make a very big difference, but even for beginners, Admiral Markets has been chosen as one of the best Forex brokers for beginners.
This unique broker has a great, experienced community of social copy traders. This way investors can utilize those unique trader-developed strategies for their own benefit. Without this focus on copy trading, Darwinex has the full MetaTrader, but the offerings are just about average. For self-directed trading, this broker might not be your ideal choice. Its main attractions are the best trader community and many unique social trading features.
MetaTrader itself is not a broker, but a very popular program which allows you to connect to any broker. For safer, more reliable trading, we suggest using VPS Forex Trader with a dedicated MetaTrader4 server. This opens the door for automation and algorithmic trading without any interruptions for a very small fee. Use VPS Forex Trader now to secure and enhance your trading system.
Don't want to invest in Forex VPS without trying? Try out Free Forex VPS.