Forex tick charts

Forex tick charts and why you shouldn’t use them

Forex tick chartsOnce you’ve been trading for a while, you might have come across forex tick charts. The tick charts are usually accompanied by some explanation on why they’re so much better than traditional candlestick charts.

 

They’re not. Not for spot forex traders at least.

 

In fact, I’ll make the case on why you should not use them, as they hardly contain accurate information. I’ll tell you why in a moment, but let’s first take a step back and explain what tick charts are.

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Metatrader price alerts email

Email price alerts in Metatrader 4

Don’t you hate it when you step away from the charts and just at that moment, price makes a big move?

 

You just missed your window of opportunity to enter.

 

This used to happen to me all the time, as if the charts knew I was doing something else. The charts were right.

Metatrader price alert

 

 

I was being frustrated over that missed entry.

 

 

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Forex MT4 MetaEditor

MT4 EA Course: our first forex expert advisor

This article is part of a series. Here are the other parts:

 

Welcome to the second part of our MetaTrader4 Expert Advisor course! Missed the first part? Go read the MT4 EA course Intro now, I’ll wait!

 

In this part, we’re going to learn how to use the MetaEditor – the Integrated Development Environment or IDE for MetaTrader4 – to develop those exceptional expert advisors! I’ll show you around the editor and we’re even going to create our first expert advisor. Let’s call that EA the Forex Wall-E.

Get it? Robots, automated programs. Ah, moooving on!

Forex Wall-E

 

After this article, you will feel comfortable with the MetaEditor and know how to create a new expert advisor. That’s almost halfway to raking in those pips with our automated strategy!

 

These are your first steps into a new world – with a huge potential pay-off.

Ready?

Let’s do this.

 

 

“Invest in yourself. Your career is the engine of your wealth.”

– Paul Clitheroe

 

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Forex VPS hosting - network cable

4 forex VPS deals to make your trading more reliable

As I’m sure many of you do as well, I’m using MetaTrader 4 as my main trading platform (using Pepperstone as my broker of choice). Running automated strategies poses a challenge however: you need to continuously keep your computer running to let the expert advisors make trades! That is something I’ve done in the beginning (yeah..), but it’s not very practical. I have since moved on to use a forex VPS hosting solution, something that allowed me to log in to my MetaTrader 4 instance whenever I wanted to without having my computer running 24/7.

 

Good forex VPS services set themselves apart from other VPS hosting companies by catering specific to the needs of forex traders. They make sure that maintenance only happens when the markets are closed, they offer regular backups and redundant servers. Some even offer free Expert Advisors as part of the hosting package.

 

Over the years I’ve used various forex VPS providers, so I’d wanted to give an overview of the good and cheap (but reliable!) VPS forex hosting companies that I know offer quality hosting that is reliable, affordable and will run your MetaTrader 4 platform without issues.

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