Each one tends to focus on a special market niche. Despite their popularity among certain markets, each platform is fully capable of handling the different types of markets. It all comes down to which platform forex scalper software review your needs.
They all offer automated trading as well as backtesting capabilities. If popularity plays a role in your decision making, then you may want to review Google Trends. MQL restricts you to only trade related programming. Can’t keep record of bid and ask in the backtester. The learning curve is fairly steep to get started. If you would like to develop an indicator or strategy for any of these platforms, we offer conversion services between charting packages. I work with meta trader 4 and ninja trader, I would like that in the meta trader 4 platform could set the horizontal lines of the price 1 per tick of price and ninja trader.
Firstly, thank you for your excellent website and blog. I am a relatively new trader and have been using Tradestation to implement my trading strategy for the last few months. One of the limitations of the platform that I’ve discovered is that it is not possible to automate the configuration of a workspace. You’re going to find that problem with almost every charting platform. It’s sad to say that precious few of them are designed around portfolio trading. They seem more in tune with portfolio trading.
Just wondering if you have an opinion. Also, I have a development background, and it seems to me that I can get what I need by using a good data feed and then programming the analysis myself. Do you have an opinion on what programming language to use, R, Python, Matlab etc? Also, is there a recommended source for data that is reasonably priced for both price and fundamental data?
It will be a good options whenever they add forex. I use R whenever doing analysis, especially if I’m likely to need charts and graphics to help understand the data. Data cost is going to depend heavily on how frequently you want to trade. If you use H1 charts or more and don’t rely on intrabar execution, then you can use the free data in MT4. I use TDAmeritrade, but looking move out so I can auto trade futures. I recommend Interactive Brokers for trading futures. Personally also, I use a set of tools rather than one.
I also rely on experts and indicators, but I program them in Java and use the broker’s API. It gives full flexibility as it standardises both the code and the communication, decoupling my tools from a broker. If you have the time and resources, API programming is the way to go. I love exercising total control over my setup. Time and budget, however, often win out over control. Initially, I would like try a few swing trade strategies I have. I would think MC would be the superior choice vs Tradestation as you own the license with the platform and are not limited to one broker.
I wrote this post almost 10 years ago, when MC barely existed. How does the forex market work? What’s happening in the current markets? Wolfe Waves signify the battle in the direction of a good balance cost and therefore are probably the most dependable predictive change designs around. Wolfe Waves tend to be natural as well as dependable change designs, contained in just about all marketplaces as well as timeframes.
These types of surf may show itself getting various amplitudes and therefore are hard to identify. This particular sign discovers all of them. Identify just about all Wolfe Waves contained in the actual graph. Industry dependable cost reversals in most timeframes. The actual sign is actually non-repainting.