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Personal computers have truly revolutionized trading in financial markets. One benefit of modern technology is the automation of trading systems. Many computer programs can help analyze financial markets and perform trade functions.

 

The MT4 client terminal allows you to develop, test and apply your trading system. The development environment called MQL4 is integrated into the terminal. MQL4 consists of MetaEditor, Strategy Tester and Compiler.

 

Using these tools, you can develop:

• Expert Advisors - programs that can fully automate both analyzing and trading processes. They can assist you in the routine of analyzing financial markets and performing trades;
• Custom Indicators - applications similar to the embedded technical indicators that will help you analyze markets;
• Scripts - programs that automate single frequently repeated operations. For example, using a script you can close all positions by a single keystroke

You can develop trading systems using the development environment of MQL4. In MetaEditor, you will find detailed help topics and description of the programming language. Having developed your own trading system, you will be able to test it on historical data in the Strategy Tester. This will allow you to evaluate your trading system's profitability, risk factor, and stability in a quick and easy way.

 

While it may be challenging to develop one's own trading system from scratch, the MQL4.Community website is a great place to start. This is where developers of trading systems meet, swap strategies, publish articles and share their codes. You will find the following useful information from the website of MQL4.Community:

• Detailed description of the MQL4 programming language

  Visit this section if you have any questions about any elements of the MQL4. You will find the detailed description of the language construction you are interested in.

• A huge database of ready-made Expert Advisors, technical indicators and scripts

  Many developers publish their codes for free. The Code Base counts hundreds of useful Expert Advisors, indicators and scripts.

• Articles about various problems of programming trading systems

  You may encounter one or more problems Developing a trading system. Try to find a ready solution in the Articles section. Another developer might have experienced your problem and has already published a solution for it. You can publish your own articles devoted to solving various problems. Sometimes authors are paid for their published materials.

• Forum of developers of trading systems

  If you can’t find a solution for your problem in any sections described above, you can pose your question in the forum. Thousands of people participate in discussions, hopefully someone will be able to help you. The forum is also a great place to meet (virtually) Community members and share your experience in developing Expert Advisors.

A mobile trading solution is available to free traders from their desktop computers and avoid missing potential trading opportunities in unpredictable markets where random volatility is the order of the day. Mobile versions of the trading terminal allow users to monitor their accounts while commuting, traveling, shopping, or any other situation where there is no access to a landed internet connection.

 

You can buy a web client terminal from Boston Technologies for $49/month which will allow you to trade on your MT4 by using any Web Browser that is Java enabled. Using the Boston Technologies Web Client Terminal for MetaTrader 4 you can trade on:

• Firefox
• Internet Explorer
• Safari
• Chrome
• I-Phone

For more information please visit www.bostontechvps.com.

 

Whether trading on the desktop MT4 client terminal or a mobile device enabled by a web client terminal from Boston Technologies, traders require real-time account information and full margin monitoring capabilities to conduct proper risk management.

 

A “read-only” MF Global FX Trading Station II platform will be issued along with every live MT4 account to all MT4 clients who can access complete account information via the [Report] tab on the FX Trading Station II platform. Please note that account margin status can only be fully monitored on the MF Global FX Trading Station II platform.

Due to popular demand from our client base, MF Global FX is pleased to offer the MetaTrader 4 platform. However, as MetaTrader 4 is provided by a third-party software vendor, we are unable to guarantee its performance. Most electronic trading facilities are supported by computer-based component systems for the order routing and execution of trades.

 

As with all facilities and systems, they are vulnerable to temporary disruption or failure. When you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including failure of hardware or software.

 

Pursuant to the terms of the MF Global FX Client Agreement, MF Global FX clients must review their account activity on a regular basis and report inconsistencies to MF Global FX immediately. Additionally, MT4 clients should familiarize themselves with the MT4 Execution Risk Disclosure as outlined on this website.

 

Third-party developed trading systems are not in-house products of MF Global FX. Third-party systems trading developers and MF Global FX are completely separate entities and operate independently of one another.

 

MF Global FX does not guarantee the performance of third-party developed trading systems in OTC forex and does not guarantee their performance in your MF Global FX Systems Trading Account. MF Global FX will not be held responsible for verifying the accuracy of third-party trading systems or their prior trading performance records. MF Global FX assumes no liability for, and is to be held harmless and indemnified from, any losses or indebtedness arising from the performance of third-party developed trading systems.