Discuss Trade.com (Lead Capital Markets)

[Faelar]

I think that’s true for self-made custom indicators. I mean that a trader is expected to make indicators on his own using a built-in MLQ4 programming module that is installed alongside Metatrader 4. Trade.com allows CFD trading with MT4 therefore allows custom indicators. I don't see the problem here.

 

[Olieng38]

Does a trader need to have programming skills to work with that MLQ4 module?

 

[Bearad]

I use Webtrader that doesn’t support customized indicators. Even if I open a Metatrader 4 trading account with Trade.com I will do it for another reason and because of a strong desire to try customized technical indicators. As I told, I’m sceptical about them.
As for the necessity to have solid programming skills to create customized indicators using that MLQ4 programming module, I think that one can do without them. I heard that all you need to do when using the module is to attentively study a corresponding module and follow tips.

 

[Olieng38]

So, does it resemble creating a website by combining ready-made modules and plugins?

 

[Bearad]

Yeah, the general principle is the same.

 

[Thoris]

Anyway, those with solid programming skills have better chances to create a working customized indicator. You can hardly create a really effective custom indicator without a good understanding of mathematics.

 

[Olieng38]

So, one needs to become a nerd to be good at creating custom indicators.

 

[Bearad]

I really don’t want to become a nerd just to create custom indicators. Of course, I know that some nerds became famous such as Bill Gates, but I have my own path.
I’m currently concerned about the creation of my own trading system. Trading on a Webtrader account with Trade.com satisfies me but at the same time I realize that it can’t give me a lot.
I think that I should open one more account. Of course, it will be a Metatrader account. I want to trade several assets. I mean those instruments closely connected with each other. For example, EUR/USD and USD/CHF go in the opposite direction and it also makes to trade FTSE and GBP/USD as well as all currency pairs including the British pound in tandem. Another example has to do with a diving greenback against the backdrop of a soaring crude. Of course, there may be more examples. The main difficulty here is to calculate lots for two accounts and determine what assets to choose. Of course, I may like many assets and see a strict relationship between them, but at the same time I realize that I will not have enough margin to trade them all. Nevertheless, the idea is very fascinating I hope I will make it come true.
I have deposited $500 and intend to open a Metatrader 4 account and deposit there at least $300. All this joint margin needs to be rationally distributed between assets on two accounts. So, I’m currently thinking about it.

 

[Pelvell]

Could anybody tell me about the execution here? I’m going to open a Silver account here to trade minor pairs, indices, and commodities.

 

[Thoris]

The broker ensures good execution. I don’t have any problems with entering and exiting the market here.