Merchants of everybody, Whats up. That is Petco Alexandrov. Begin the primary lecture of the course. And I’ll speak to newbie merchants who’re simply beginning to commerce and don’t have any expertise. We’ll contact on crucial issues when buying and selling algorithms utilizing MetaTrader as a platform. We may also clarify the essential specs and phrases of MetaTrader that it’s good to know. Nevertheless, I can’t contact on troublesome theories or troublesome issues to recollect. Very to start out buying and selling Let’s speak about sensible issues. To start with, the platform that’s open in entrance of you is named MetaTrader. It has change into one of the common platforms out there by all brokers lately. For purchasers You need to use it totally free. The dealer bears that quantity to the corporate known as MetaQuotes, which developed MetaTrader. On prime of that, the dealer gives it to the shopper, so the shopper dealer can use it totally free. Due to this fact, you would not have to pay to make use of the platform. What makes this platform completely different from web-based platforms is the EA You may connect it to the chart you need to commerce and allow us to commerce in your behalf.What’s EA? In reality, I just lately wrote an article about it. In reality, lots of me can learn the article totally free. There may be additionally a video in it. You could find it by visiting our web site, Eaforexacademy.com, and visiting the EA Weblog. You may see the article right here. A latest article turned out to be “the fact of EA” It additionally comprises YouTube movies that you would be able to watch totally free. And there’s the next article, and by studying extra about it, I took benefit of EA You may change into conversant in algorithm buying and selling. Or see the opposite articles right here. I attempt to add a number of instances each week. These articles are free, so please learn on and on. To briefly outline EA It is an automatic technique. In case you commerce based on some indicators and situations, These methods could be automated at any time. However we can’t do that right here. On this course Offering the already accomplished EA as it’s, based mostly on historic knowledge I am going to present you the entire technique of how the technique is generated. Nevertheless, contemplating the deserves of EA from a bigger perspective, for those who place EA, which can be known as a robotic, on the chart, you’ll sit in entrance of the pc. There isn’t a want to put an order manually, and there’s a massive benefit that you would be able to commerce the whole lot from ordering to settlement routinely. Now, on the fitting aspect of the chart is the worth, and beneath is the time. You may at all times see the precise worth distinction with the crosshairs. Effectively, listed here are some indicators. They’re simply random indicators that include the Metatrader. There are candlesticks right here. Listed here are the black and blue candlesticks, however the candlesticks have 4 vital values. They’re open, shut, excessive and low. Then hover your mouse over the closing worth to see the worth precisely. On the 15-minute chart, every candlestick is It represents 15 minutes. Within the hourly chart, every candlestick represents an hour. On the left aspect of the display screen There’s a market watch (quote show). Due to this fact, the forex pairs that may be traded with this dealer are listed right here. In case you do not see too many, right-click and choose Present All. Due to this fact, it will present you all of the forex pairs provided by the dealer. You may drag the forex pair onto the chart or open the chart window from the right-click shortcut menu. And there are two columns, Ask Value and Bid Value, and the third column is the unfold. You may really disguise it with the shortcut menu. Nevertheless, it is a good suggestion to maintain your unfold values seen always. The unfold is the distinction between the ask worth and the bid worth. Usually, if you place an order, you purchase on the bid worth (ask) and promote on the ask worth (bid). When promoting, promote on the ask worth (bid), and when closing the promote place, shut on the bid worth (ask). So the unfold is within the dealer’s revenue. After all, until the dealer is a market maker meaning wholesale. In case you check out this dealer now The unfold of the chosen forex pair could be very small, lower than 1 pip. So what does pip imply? The identical rationalization is given right here. Pip is the third and 4th digit. So, for those who take a look at the GBPUSD worth, Since it’s 1.4060-61, The third and 4th digits 60-61 are the pips. And the final 5 digits That is the purpose. Due to this fact, we often say 1.4060 when saying the worth. I will not say the final quantity. And also you guys, particularly in terms of main forex pairs You must discover a dealer with a narrower unfold. Not more than 1 pip is fascinating for main forex pairs. One other factor to bear in mind as a value to the dealer is the fee. Nevertheless, not all brokers cost a payment. Due to this fact, even when the dealer has a really small worth per commerce, Often, there could also be a payment. Payment-based brokers have slender spreads, and non-commissioned brokers have vast spreads. So, in any case, it is precisely the identical. However search for a dealer with very slender spreads. This is essential in terms of algorithm buying and selling. The opposite value is swap. In case you begin buying and selling immediately and shut tomorrow, you may be charged a swap for those who preserve your place throughout days. In different phrases In case you transfer to a place the subsequent day, you may be charged a small payment from the dealer. Now, the columns right here present the purchase / promote sort, lot dimension, forex pair, cease loss worth and take revenue worth. That is after I took a place within the second half of the course That is the place to see. And likewise, the stability is displayed right here. It is a demo account opened to put the highest EA later within the course. And listed here are the stability, fairness (efficient margin), and margin (required margin). Due to this fact, if you open a place, you can see that fairness will increase or decreases relying in your earnings. Margin is the quantity of margin that’s blocked out of your account if you begin buying and selling. This account is a leverage account with a leverage of 100-200, so as much as 200 instances the stability You may open a place. After all, do not try this. It’s best to at all times commerce with a small threat. Spending all the cash with nice leverage is clearly a really harmful act. Due to this fact, leverage means that you can commerce for extra money, however you shouldn’t endanger all of your cash. All the time attempt to preserve your dangerous funds inside 5% and even lower than 2% of your stability. This is essential. Now, the navigator displayed right here has an account. We selected JFD Dealer for this course. A regulated dealer, however I do not advocate it to everybody. Which dealer you commerce with is your private selection. Discover a regulated dealer. And I’ll present you our web site. If you go to the boards, you will discover an important subject on acknowledge fraudulent brokers. As we speak (hiya) I wrote it a number of months in the past as a result of many fraudulent brokers are scamming, and lots of merchants I discovered it helpful. Under it’s written that many individuals have really suffered from fraudulent brokers. And the fact is de facto scary as a result of individuals are simply shedding cash. So please take a second to learn it. It’s totally helpful content material. If you really meet a rip-off dealer, you will know spot it. I do not learn it now, but it surely’s a really helpful article. And once more, do not take this dealer as a suggestion. I had to decide on one for recording this and different programs. However crucial factor is to search for a dealer that’s regulated by the Monetary Providers Company and has slender spreads. By the best way, the navigator additionally has indicator data along with account data. Is that okay? The indicator is for putting and buying and selling on the chart, however we is not going to use it on this course. As I discussed earlier, EA is used for precise buying and selling. We’ll place 99 EA within the second half of the course. Under is a script folder the place you need to use numerous scripts. I’ll clarify use the script I really connected one to the course. This script retrieves historic knowledge from the dealer Helpful for exporting.However this will likely be mentioned within the subsequent lecture. Did you guys perceive that that is the place. It is a platform known as MetaTrader. There are various methods to apply it to the web There’s a free video. So I will not go into extra element about use MetaTrader right here. In any case, You may see extra about this later within the course. After all, in case you have any questions, Please ask me at any time.And within the subsequent lecture, create a technique with one other $ 10,000 demo account I’ll introduce the entire course of. Is that okay? Thanks on your viewing. Additionally, in case you have any questions, please tell us at any time. That’s all for this lecture..