Easily and intelligently create a stock trading strategy

There should be a step-by-step guide to show novice traders how to create a trading strategy. Are there off-the-shelf strategies that are available for your use? Are there any fees involved or are they offered for free? Can you modify the off the shelf strategies?

Note that firms should not guarantee you a certain return. The best firms will have long and short stock trading strategies available at no charge and will allow the stock trader to create their own. Some firms will even allow you to copy strategies from a "friends" list. One size does not fit all. If the company doesn't tell you the details of the strategy or why they selected or recommend a certain stock, then it's not advisable to use it. You may be overpaying for "proprietary" services and may be able to obtain free stock market tips and recommendations online that will perform comparably.

At CoolTrade, there is no fee for any strategy. Many CoolTrade automated trading software users have generously offered the strategies that they developed for public use. You can use the strategies as is or you can modify them any way you like. Of course, you can develop your own strategies from scratch. Most users test any strategy they run in the simulator mode for a period of time before going live with real funds.

 

Category: TIPS

How to Install MQL4 Experts Advisors, Indicators and Scripts

Build 600 of MetaTrader 4 was a huge leap forward and has offered a great deal of improvements and benefits to the MQL4 coder, but it comes at a price.

Many users are confused initially and have a hard time navigating around the new interface and finding exactly where to install their expert advisors, indicators and scripts.

Improved Input Settings in MQL4

I choose to see the changes as a good thing and as a simplified transition from MQL4 to MQL5, or a mixture of the two. If you want to continue to code in ‘old school’ MQL4 then you’re free to do so, nobody is forcing anybody to change the way they work to any large degree.

5 Forex Mistakes You May Be Making

No matter how long you’ve been trading or how successful you think you are, it’s possible that you’re still making some basic mistakes and don’t even realize it.

Take a look at the 5 most common Forex mistakes that traders make and see how many of them you’re guilty of. You might be surprised and who knows, you may even re-think the way you trade.

Category: FAQ

Simulate strategies in real time before running live

Most traders would agree that they'd like to "test drive" a system before using it. Some programs allow this through "back-testing," in which the program uses historical data to execute the trades and show you what they would have been.

Easily and intelligently create a stock trading strategy

There should be a step-by-step guide to show novice traders how to create a trading strategy. Are there off-the-shelf strategies that are available for your use? Are there any fees involved or are they offered for free? Can you modify the off the shelf strategies?

Have one long and one short strategy per account

Due to the size of the online trading platform, there may be a limit to the number of strategies that you can have loaded on each account. For example, if you want to run two long trading strategies, you may need two accounts.