Meta Trader 4 by ForexGen
- By Forex Gen
- Published 03/4/2008
The Forex charts are the point of interest at ForexGen.
Charts are a significant technical analysis tool for a trader that wants to
perform successful trading. Currency charts represent a single period of time
and that period could range from one minute to one month to several years.
To open a
new Forex chart:
•
Right-click the Market Watch window, then select the Chart
Window options
• press the Ctrl + W key combination
• through the menu options File > New Chart
• Or clicking on "New Chart button" on the toolbar.
Charts has
the ability to be customized. Charting Forex package can be manipulated to
appear in many different ways. There are kinds of Forex charts that show price
action:
• Line
Chart: The line chart is a graphical representation of the historical
exchange rate of a certain currency pair in a given period of time. The line is
established and drew according to the closing prices connection of the day.
• Bar Chart: The bar chart is a currency chart represents the currency
price, forming vertical bars in a day (e.g. every 60 minutes). Each bar
contains 4 'hooks' (the opening, closing, high and low (OCHL) rates of
transactions at a certain time interval).
• Candlestick Chart: The candlestick Forex charting is used to forecast
the market. It represents OCHL prices as 'candlesticks' with a wick at each
end. When the opening rate is higher than the closing rate the candlestick is
'solid'. When the closing rate exceeds the opening rate, the candlestick is
'hollow'. as a result of the colored bodies The candlestick provides a visual
details more than any other chart.
•Point & figure charts: Point and figure patterns are essentially
the same patterns found in bar charts but Xs and Os are used to market changes
in price direction. In addition, point and figure charts make no use of time
scales to indicate the particular day associated with certain price action.
ForexGen offers
the most qualified Forex online trading platform which facilitates the
online currency exchange services for different worldwide traders, companies
and dealing centers
The major benefits of our platform:
• Following the current news of the Forex market
ForexGen online trading platform could accurately cover all the financial
market situation, trading execution actions at Forex, futures and CFD markets.
• Variable currency basis
Variable currency could be exchanged where any currency could be considered as
general currency in the whole online trading operation in all the countries
with the their national currencies.
• Economy and productivity
Our trading platform enables implemented data transfer for their economy. It
allows supporting great number of online currency exchange traders via a single
server with the following patterns: Pentium 4 2 GHz, 512 DDR RAM, and 80 GB
HDD. Using recent protocols decreases the requirements of the data link and
their execution cost.
• Consistency ( dependability )
ForexGen platform offers a backup and restoration system to handle any damaging
to the historical data. In addition, it supports a system which allows
restoring the damaged historical databases in course of minutes using another
server.
• Security
The whole information exchanged between the different parts of the system is
encrypted by 128-bit key which assures the safety of the transferred data and
prevents any other person form utilizing this data. To increase the security
our system is a built-in DDos attacks guard system it also increases the
stability of the server accessing.
• Provided by many languages
A Multilanguage Pack program is provided with ForexGen platform offering many
languages where the trading platform interfaces could be translated to any
language. Our Multilanguage pack enables the trader to build his language and
integrate it into the platform. This multilingual service facilitates utilizing
our trading platform to the worldwide trader.
• ForexGen trading platform interfaces
At our trading platform we provide MetaTrader 4 Server API which allows the
customization of the platform according to the trader's desire. API advantages
are:
•Providing additional analyzers to recognize the increasing.
movement of traders.
•Providing integrated application with the other system.
•Increasing the server accessibility.
•Creating its own system functionality management mechanism.
•So many benefits are provided.
• Utilizing the web services
ForexGen provides the integration with the web services to reach the most
qualified online trading services (www, wap). Thus, it allows the real time
quotations and charts
on the trader's site. In addition, it provides changeable tables containing
competitive prices.
• Flexibility of the system
ForexGen platform has the ability to be highly customized where the trader has
the ability to set all the platform parameters including the dealing session
time and many more properties of the trading instruments.
• Sub-administration
This feature permits several important introducing brokers easily just in only
one server. One server only is needed in order to execute all the ibs orders
and managing the Forex trader account.
The
Market Watch
window is a floating palette. It has the ability to be dragged anywhere on the
screen. The Market Watch window which is also called the Quotes Window shows
the current prices of the traded currency pairs and the currency market news in
the currency market. It also permits quick dealing with any currency pair.
The Market
Watch window item can be accessed using the menu items View > Market Watch
or by pressing the Ctrl + M key combination. In addition, the Market Watch
button on the toolbar allows showing or hiding the Market Watch window.
The trader
can start trading just by double click the desired vehicle and the Order Form will be opened. The Order Form can also be accessed by right-clicking the desired currency
pair then selecting New Order.











