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Below is information on our video and chart setup including tools to download.
MetaTrader 4 Platform
MetaTrader 4 is the platform I use for demonstration trading as well as previous for Live Trading. My current live platforms are with brokers that do not support MT4 but I watch MT4 as my main window to assess the market. There is a more recent Metatrader 5 but the .mq4 and .ex4 files do not work with it which was a disadvantage. I did trial MT5 several times but I recall there were some differences I did not like when I trialed it (what they were are lost to time) that was discouraging and as I had no compelling reason to change, I’ve continued with the MT4 platform.
Metatrader 4 in-chart tools
Download these MT4 tools available here hosted on a GoogleDrive.
Google Drive Folder with .mq4 and .ex4 tools for Metatrader 4
MetaTrader 4 in-chart tools shown on chart either in a video or chart online. Here are the names of the MT4 Tools and their use:
- Xi Asian Session (Xi-AsianSession.mq4): Identifies Asian Session Open/Close
- Xi Dashboard (Xi Dashboard.mq4) : Details of TDR, YDR, ADR5, ADR20 as well as other information
- Fractal Support and Resistance (unnecessary) Fractal Support and Resistance(CH).ex4
- CH Grid: Marking off 00, 20, 50, 80 levels (unnecessary)$CH_Grid Copyright Dec2009.ex4
You can Google for these to see if you can find them online.
Installation Process
- Download to your desktop.
- In Metatrader 4 hit the MetaEditor button then Right Click on the Indicatiors folder bringing up the selection options.
- Choose Open Folder the drag/paste the .mq4 and .ex4 files to the folder.
- Close the folder, MetaEditor and restart MT4.
- You will be able to add them to a new chart by selecting Insert, Indicators, Custom and selecting from the list.
MetaTrader 4 Profile and Template
Google Drive Folder with Template and Profile
- Download to your desktop
- Copy Template to Templates folder by clicking the Load Templates button from the dropdown, the far right button of the ‘Charts’ mini-tool, and dragging/pasting into that folder.
- Copy Profile Folder M15 to Profile folder in MT4, by going up a level from Template folder above to Profiles folder, and dragging/pasting M15 Folder into Profiles folder.
MetaTrader 4 Forex Brokers
A short list of MetaTrader 4 Brokers offering Demonstration Accounts
I offer no comment on the suitability of these brokers other than they offer free demonstration server platforms using MT4 and the selection or omission of a broker from this small shortlist is meant neither as a recommendation or otherwise.
Live brokerage accounts
When choosing a live broker I recommend looking for one offering ECN services, so charge you commission rather than hiding it in the spread, and one offering as narrow a spread as possible. This matters less on demonstration traders.
When selecting a broker to transfer your funds to for a live accounts, another selection criteria is look for a brokers who’s operations and your funds are domiciled in a country with a strong regulatory environment and who’s countries offer you the best protection over your funds from the brokers default. Yes it happens.