While there are many reasons going
for the MT4 as a trading tool, it a well known fact that the MT4 platform is designed for
the benefits of the brokers and not the retail traders at large.
This is because, MetaQuotes, the
provider of the MT4 platform, derives its incomes from the brokers who licensed
it's software.
The MT4 Brokers
have complete access to all open trade orders entered into their systems. Their dealing desks if they have one,
can manipulate currency prices to
run their customers' stops and not let customers' trades to
reach their profit targets.
Hence it is to the traders'
advantage to avoid brokers who are also market makers with dealing desks.
You will be playing AGAINST your
market making brokers,
because what you win is what they lose and
vice versa.
Fortunately
is one
broker that
provides STP (Straight-Thru-Processing) of my orders with no dealing desk
intervention and allows the use of EAs in my trading.
Why EA?
Now that I have a broker that I can trust, the MT4 has become my
preferred trading platform because it allows me to "Work
Smart Not Hard".
I also believe in the Chinese proverb: "Consider the Past and you shall Know the
Future".
This explains why I only trade with the
EAs that I developed based on the technical analysis of past price patterns to
determine future price directions.
The advantages of trading with EAs are
plenty.
Besides the speed of execution,
EAs which work in automatic
mode for the opening and closing of orders, can also save you
precious time from the
monotony of monitoring market
movements and the placing of open and stop
orders.
Most importantly, the EAs will eliminate the emotions of fear and greed in your trading
which many a time can cause a wining trade to become a losing one.
These are the reasons why I trade
using EAs with
.
Please click
(requires Flash plugin) to see and hear how EAs like this can help us become
$342.85 richer trading the GPBUSD currency pair while we spend quality time with
our loved ones.
| |
| We offer FREE MT4 EA hosting. This is a value added service that
FXPRIMUS provide thru its collaboration with
www.forexalive.com
All clients that use Expert Advisors (EA) to trade their accounts would
know that it is best to run an EA on a data center hosted server. This is
to ensure that your EA runs 24/7 without any interruption. As a LIVE
account client with FXPRIMUS, we offer this service free of charge to you.
All you need to qualify is open a LIVE trading account and ensure that you
have a minimum of 5 standard lots traded monthly using on your account and
you qualify for this service.
Besides running EAs, it is also a good service to have if you use
trailing stops in your trading style. As some of you may know that MT4
trailing stops only work when your MT4 application is running so in the
event you have a trailing stop and your MT4 is shut down, the trailing
stop function not active anymore.
By having a MT4 client running on a server, you will be able to use
trailing stops effectively since the servers are running you MT4 24/7. |
