So, lesson 1 parts 1 and 2 I taught you the basic 5 processes required of any genuine MT4 Expert Advisor system. But how do you assess each system fairly?
You see most MT4 brokers are pretty small, and do not have direct execution only systems hooked up to the Foreign Exchange directly. Instead they use other brokers, who may also use other brokers. All these steps lead to a corruption in the timed price action that the Broker uses to produce the Trading charts that are within MT4. This produces slippage in Trade execution, and more importantly, a change in price data on their charts ..
The greatest challenge to Forex trader is finding for forex trading alert services which will suit the success style and assure that the facility is credible. This piece sought to address the question above in finding for the probable forex trading alert to consider in obtaining the right trading gains.
For trading account, which give 200:1 or 500:1 leverage is different from the currency trading leverage. Please do not mix up both. The currency leverage is fixed at 100:1 for currency trading of 100k contract. Mini lot are executed at 0.1 lot or 0.01 lot. For trading account leverage which is 200:1 or 500:1, this will determine your margin required to hold in order to perform the 1 lot of 100k contract.
It takes great skill to be able to predict the markets. This is forex online not based on mere speculation. In fact, speculation plays no part in correctly interpreting data and well established patterns. Speculation plays no part in a signals service.
What all this guff actually means is that the back-test is being run on bars above 1 minute, and that the 1 minute bars being used dont cause mismatch errors (i.e. the 1 minute data stacks up to the higher timer frame data) and that the back-tester has chosen to use every tick as the model, which actually synthesizes ticks to fill in the seconds in a 1 minute bar.
Most new Traders do not even think about gathering empirical Data, and immediately dive in at the deep end by Trading the system. Now you know different, so use this information to get ahead of the rest of the newbies.!