Setting up Metatrader 4 for backtesting can be a tricky, time consuming, and a little frustrating if you aren’t entirely sure you have it all working properly. This article will guide you through the entire process from obtaining high quality minute history data to installing a separate backtesting account to importing and converting the [...]

A computer program into which users enter information and the system utilizes pre-programmed logic to return output to the user.
 
The “black box” portion of the system contains formulas and calculations that the user does not see nor need to know to use the system. Black box systems are often used to determine optimal trading practices. [...]

A Forex Trading Robot is a piece of software that determines when trades should be entered, exited, and modified based on trading algorithms.
 
Some forex robots simply alert you when there is an entry signal, while others are more complete trading systems that automatically place the trades, modify them, and close trades without any human [...]

Trading forex as a day trader is one of the best businesses in the world, however most people don’t have the time or want to take the amount of risk that is needed to learn the ropes and become a successful trader. The Trade Machine is a way that you can take part in [...]

Greenwich Mean Time (GMT) is a term originally referring to mean solar time at the Royal Observatory in Greenwich, London. It is commonly used in practice to refer to Coordinated Universal Time (UTC).
 

What does this mean in the forex market?
GMT provides a standard of time for the world when trading the forex market. GMT [...]

New York and London: 8:00 am – 12:00 noon EST
Sydney and Tokyo: 7:00 pm – 2:00 am EST
London and Tokyo: 3:00 am – 4:00am EST
 
Trading when market sessions overlap provides higher volume and volatility.
 
For example, trading EUR/USD, GBP/USD currency pairs would give good results between 8:00 am and 12:00 noon EST when two markets for [...]

The Forex market is open 24 hours a day from 22:00 GMT Sunday through 22:00 GMT Friday, closing only for the weekend.

Major Market Hours:
New York open 8:00 am to 5:00 pm EST

Tokyo open 7:00 pm to 4:00 am EST

Sydney open 5:00 pm to 2:00 am EST

London open 3:00 am to 12:00 noon EST

Step 1: You will recieve a .ex4 file by email when you purchase the software. You need to navigate to the installation folder of Metatrader that you are running on your computer. Usually it is in the PROGRAM files directory. Once you have found this folder open up the EXPERTS folder. Simply drag the .ex4 file into this folder.

Forex or FX is short for the Foreign Exchange Currency Market – an over the counter (decentralized) market where all world currencies are traded.

Unique Features Of Forex
The forex market is the largest, most liquid market in the world with an average traded volume that exceeds $3.9 trillion per day and is open 24 hours a day except on weekends. Unlike other markets, the forex market allows for the use of high leverage. Because of these factors, the forex market is considered to be the market that is closest to being perfectly competitive.