EXPERT ADVISORS THENDS AND METATRADER 5
Forex trading is becoming more and more popular every day and this financial market changes to adapt new trends in customers. Recently, Forex traders had begun to use automated trading techniques according to their experience and preferences.
An automated trading technique or "Experts Advisor" is the use of programming language to create trading orders with the computer algorithm deciding the determinants of the order such as the timing, price and quantity. Expert Advisors (EA) could be programmed to initiate or finish the order without human intervention, so it will continue working for you even if you are sleeping! An EA will be programmed according to the Forex Trading indicators, so commonly it is used by traders with certain level of experience, but it is not too hard to learn how it works by operating it.
According to an article presented by the Wall Street Journal Europe on April 18, 2007: "In 2006 at the London Stock Exchange, over 40% of all orders were entered by algorithmic traders, with 60% predicted for 2007. American markets and equity markets generally have a higher proportion of algorithmic trades than other markets, estimating an increase in 2008 as high as an 80% proportion in some markets. Foreign exchange markets also have active algorithmic trading transactions, about 25% of the orders in 2006"
The MetaTrader 5 is the new version of the famous MetaTrader 4 trading platform, the main characteristics of this new software are: 5 order types and 4 execution modes available for trading, reports on all trading activities, indicators and graphical objects, quicker analysis of quotes and trade decision making, 3 chart-types, 21 timeframes, more than 70 analytical tools and the best of all: MetaTrader 5 is specially created to simplify the creation of Expert Advisors, in other words this new software takes all the desirable properties of the MetaTrader 4 and improves the Expert Advisors techniques.
MetaTrader 5 will be available soon, as the previous trading MT4 Forex software it will be free to Forex Traders, just keep in mind this new software and wait some time to use efficiently Expert Advisors techniques!