Method Trader is an exciting automated forex trading platform providing from FXCM. With Method Trader you can code strategies, perform advanced back-tests, run detailed optimization analyses and execute tradesall inside the platform. In this video, we'll be comparing Method Trader to MT4, showing you why Method Trader is the next evolution in automated forex trading.
Professional Advisor users can boost the efficiency of their EAs when they automate their trades with Method Trader. When you convert your MetaTrader 4 EAs to Method Trader EAs, you will obtain access to the following improvements: quicker far more reliable trade execution the elimination of off quote and out trade error messages substantially far more price tag information to trade on and far far more reliable backtesting functionality. Let's take a appear at how Method Trader is bringing these rewards to MT4 users like you.
FXCM's Method Trader platform was created to take full benefit of FXCM's No Dealing Desk execution model. Unlike MT4, which communicates with FXCM by means of a 3rd party computer software bridge, Method Trader communicates directly with FXCM. This efficient setup delivers quite a few trading rewards, but most importantly, it delivers traders with quicker and far more reliable trade execution.
MT4 makes use of a computer software bridge adds an added step and far more time to the trade execution method. That indicates there is far more latency from the time you click to location a trade to the time the trade is executed. Also, by adding 3rd party computer software to the execution method, errors like Out Trades and Off-Quotes can and do happen. These varieties of errors degrade your execution and this is precisely why FXCM developed Method Trader. With Method Trader, your orders are received and executed quicker and Off-Quotes, Out Trade and Automobile Account Syncs are a factor of the past.
A further cause why Method Trader outshines MT4 is considering that you can trade off of tick information. The MT4 platform only updates price tag information second-by-second.Even so, particularly sometimes many costs are received every single second. By only updating costs once a second, the MT4 platform can trigger you to miss beneficial trading opportunities.The Method Trader platform updates costs tick-by-tick, offering you with quite a few far more trading opportunities than MT4. So if there are ten ticks in 1 second you have the chance to trade off every single of those ten costs. This is especially beneficial to traders who use scalping or high frequency trading EAs.
The MT4 platform contains some basic back-testing capabilities but it absolutely does not meet the standards set by FXCM's Method Trader platform. The two most prominent positive aspects that Method Trader has more than MT4 in this area are the number of out there bars for back-testing and the robustness of the information. Method Trader at present delivers more than 500,000 bars of 1-minute information, which is virtually a full year of 1 minute information. This compares to MT4's meager 16,000 bar total, or roughly 11 days of 1 minute information. Also, Method Trader permits you to back-test with both bid and ask pricing. This permits you to aspect in the spread, which is vitally significant for quite a few trading strategies. Not factoring in the spread and only thinking about the past 11 days of trading information can give you with a particularly unrealistic image of past efficiency, which can make back-testing virtually useless.
MT4 has lengthy been the platform of chose for quite a few automated traders. But with FXCM's Method Trader platform, expert advisor users can now access quicker, far more reliable trade execution far more price tag information to execute off of, and access to far more robust price tag history make back-testing and optimization worthwhile.
FXCM would like to extend an offer you to all MetaTrader 4 EA users. If you have an expert advisor that you would like to use on Method Trader, please fill out the following form discovered at the bottom of the Method Trader EAs tab of this page. We'll reach out to your EA provider to assist them convert your EA to Method Trader, allowing you to maintain using the EAs you have when gaining access to the really good rewards that Method Trader can give.
Sign up for a Method Trader demo account now to see why Method Trader is genuinely the next evolution in automated forex trading systems.
Trading foreign exchange on margin carries a high level of risk, and could possibly not be suitable for all investors. Any opinions, news, investigation, analyses, costs, or other information contained on this internet site is supplied as general marketplace commentary, and does not constitute investment tips. FXCM will not accept liability for any loss or harm, such as without limitation to, any loss of profit, which could possibly arise directly or indirectly from use of or reliance on such information.
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