FOREX How To

The best trading platform?

Since I became interested in trading FOREX I've been trying out various trading platforms (is that the correct term??). I've found that there is 2 types of client, one is a Java client which can run on any computer that has the Java Virtual Machine installed, the other is a Windows based program which as you might have guessed only runs on Windows.

Due to the nature of my work, my operating system of choice is Linux (lets me do stuff quicker and easier). So I've predominantly been evaluating Java based trading platforms. Of the Java trading platforms that I've evaluated my favourite has been Oanda's. Of the Windows based trading platforms I've evaluated FXCM's trading platform has been my favourite.

Well yesterday I found what I believe to be the ultimate in trading platforms (Only issue is that I need to be running Windows). It is called MetaTrader 4, a free trading platform that is FULL of technical analysis goodies. And best of all as far as I'm concerned as a programmer... it has it's own scripting language that allows you to create all sorts of custom indicators and even code up experts to tell you when to make trades, you can even set it to automatically make them for you!

It provides access to years and years of historical data to allow you to perform back testing, and when you create a trading system you can automatically test it across months or years of historical FOREX data to see if it is actually likely to be successful!

I have a couple of gripes about certain user interface issues (I wish I could set my charts to automatically come up as candlestick charts with green indicating bullish bars, red bearish), though I think I have figured out how to get around them through the use of profiles.

Related

  1. Developing an Automated FOREX Trading System
  2. Current FOREX Data?
  3. Linux Charting Application
  4. Candlestick Charts, Should they have gaps in data?

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