TRADING

METATRADER 5 PLATFORM

The developer of trading software MetaQuotes Software Corp. is set to launch its new edition of the trading platform – MetaTrader 5 by the beginning of 2010. The new version of the trading platform will be characterized by reliability and execution speed improvement combined with considerable extension of functionality. Public testing of new MT5 platform started out in October 2009. The estimated testing period is expected to be 5-6 months and it will be effected stage-by-stage, according to the MetaQuotes. The Clients of Forex Ltd will definitely have an opportunity to work with a new trading platform after its official release. The information concerning any changes will be published at Company News page.

METATRADER 5 ADVANTAGES

MetaTrader 5 has many new features as compared to its predecessor, MT4. MetaTrader 5 will offer much wider range of trading possibilities, such as high speed of order execution and advanced built-in reports on all trading activities. MT5 is featured by MetaTrader 5 Strategy Tester allowing programmers to test a newly programmed EA on historical data before using it in live trading.

WORKING IN VARIOUS MARKETS – FOREX, CFD, STOCK, FUTURES, OPTIONS

MT5 trading platform will allow to process traders` transactions in various financial markets including Forex currency market, CFD, futures and stock market. The trading platform has also combined an innovation of the Depth of Market to the Market Watch Window. This tool is required for successful work in the stock markets.

DELIMITATION BETWEEN NOTIONS OF ORDER, POSITION AND TRADE

The new trading terminal implies profound difference between such notions as "order", "position" and "trade".

• Order is the command to a broker to buy or sell a financial instrument. Two major types of orders are market and pending.
• Trade is an actual fact of buying or selling a financial instrument. A Sell trade is executed at the current Bid price and a Buy transaction is performed at the Ask price. A trade is done resulting from market order execution or pending order activation.
• Position is an aggregate state of trades on a certain financial instrument, a market obligation. An order becomes a trade when all its parameters are correct and it has been executed in the market.

"EXCHANGE" AS A NEW TYPE OF TRADE OPERATION EXECUTION

Four types of trade operation execution will be supported in MetaTrader 5 terminal: Market, Request, Instant and Exchange. The new execution type "Exchange" is designed to process trade operations with stock exchange tools.

NEW TRADING REPORTS

In order to provide convenient and quick analysis of trading activity advanced reports will be included into the MT5 trading terminal allowing to track initial and final deposit values as well as the number of other indicators, Z-score, GHPR, Profit Factor and others.

WIDE ANALYTICAL OPPORTUNITIES

Wide range of analytical tools is included into MetaTrader 5 trading software. These tools are as follows:

• 21 timeframes;
• 39 graphical objects;
• 38 technical indicators;
• 4 scaling modes;
• 17 styles of displaying of Client indicators;
• improved strategy tester.

MQL5 PROGRAMMING LANGUAGE

New MetaQuotes Language 5 will provide wider opportunities and it will be easier to learn. This new MQL5 language will provide faster execution speed as compared to MQL4, it will allow to involve more sophisticated experts and it will process more information. MetaTrader 5 will be featured by slide show indicator, placing custom background pictures behind the chart with an option to rotate them. Creating favorite theme background will allow to relax during trading sessions. MQL5 will also provide a TradePad, an indicator helping add a panel with different custom mini charts and trade buttons which is very useful for quick overview of the market situation.

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