MetaTrader 4 is an online trading platform designed for financial institutions dealing with Forex. I presented a brief preview of the extension system we're building for Auto Trading and the technologies involved.
Auto Trade Forex with
BarCamp Pune 4
What's Forex and MetaTrader
• Forex - Like stock
exchange but buy
and sell currency
instead of stocks
• Meta Trader: A
platform to trade
MetaTrader 4 is an online trading platform designed for financial
institutions dealing with Forex, CFD(Contract for difference), and
The platform includes all necessary components for brokerage
services via Internet including the back office and dealing desk.
Currently, over 100 brokerage companies and banks worldwide
have chosen our solution to meet their high standards of
Some MT4 Features
• Execution technologies: Instant Execution,
Request Execution, Market Execution
• Realtime data export via DDE protocol;
• Live Charts and Graphs
So What's SO special about it
• We can automate our trading strategy.
• A built in programming language called
• Can Add extensions to MT4
• Open, Close, modify trades without human
• Nearly 99%STP: Straight Through Process
We'll add the rest 1%
• Aiming 100% Straight Through Process
• Allows user to trade with minimal expertize
• Something which we're building
Active Trader: A good trader
who knows the market well.
One who makes profit
Passive Trader: A normal
user who knows nothing
System: A trade channel
which Passive will subscribe
• Active creates a System(or channel)
• His trade logic or strategy gets stored in
• Passive subscribes to the System.
• Passive does live trading based on
• All this in REAL TIME with 100% STP
• Anyone -one without forex knowledge can
also trade by subscribing to a
system(channel) which makes profit
• WIN-WIN situation for both Active and
Passive as both make money!
• Active trader may clone his own Trade
• Active and Passive should be under same
• Markets will fluctuate too much
• Government Laws on Auto trade. Some
governments don't allow it.