MetaTrader 4 Basics: How to add and remove indicators to charts

For many the first few hours with MetaTrader 4 can be difficult for those who are not used to the platform and even the easiest things such as adding and removing indicators to charts can be challenging. Today I’m going to show you how to first add indicators and then how to remove them from charts in MetaTrader 4. 

In the first screenshot (all screen shots can be enlarged by clicking on them) you can see I have only the USD/JPY open in Candlestick form, if you have more than one chart open at the same time your going to need to highlight the relevant window before adding an indicator. This is done by clicking the bar above the actually chart. Now move to the indicator tab as highlighted in the above screenshot and click, a list of indicators will now be displayed, see screenshot below:  

I have highlighted the Moving Average option, to add a Moving Average to my chart I simply click the option and a option box will be opened. This option box allows you to set the period, line color and calculation of each different indicator you can add to the chart. As you can I see I have opted for a 21 Day Exponential Moving Average. All I need to do is click Okay to add this indicator to the chart. 
After clicking okay the Indicator will be added to the chart and will calculate and update the Indicator automatically. However if you decide you no longer want that particular indicator on your chart all you have do is right click on the chart where the indicator is. For example if the Indicator is a moving average you right click on the line of the moving average and you will be given the option to delete the particular indicator from the chart. Simply left Click the delete option and the Indicator will be removed from your chart. 
And that is how you add and remove indicators in MetaTrader 4. All screenshots were taken using Markets.com version of the MetaTrader 4 software. 



ZuluTrade a Review and Overview

ZuluTrade - Autotrade the Forex Market like never before!


ZuluTrade.com is a free peer2peer online trading network operated by ZuluTrade Inc. a NFA and CTFC regulated financial services company. ZuluTrade generate their revenue in the form of commission for sending trades to their partnered brokerages. This revenue is then shared with the signal providers who operate on the ZuluTrade platform as it is their signals which generate the trades.  

So essentially ZuluTrade is a venue where signal providers can share their Forex signals with others and in return make revenue from gaining followers who place trades using these signals.  ZuluTrade is a prime example of the kind of social trading that is becoming more and more popular throughout the Forex industry. Their are wide number of signals on offer at ZuluTrade with many signals having a long and profitable history, for example some of the most sucessful traders at ZuluTrade have made several hundred thousands of dollars worth of profits excluding the commission they have made on top of this. This means that there are some incredibly successful systems at work on ZuluTrade network, as you expect there are also some pretty rubbish trading systems too. 

All the information about the different trading systems on ZuluTrade is clearly transparent with you being able to go back into the signals history and see the various positions opened and closed and how many pips where earned. The ZuluTrade system also suggests the minimum amount of equity required to operate the various systems, with some of the most profitable systems requiring significant amounts of equity to operate. You can also see whether the user who created the system has had previous systems which blew up and went totally bankrupt.  

As with a lot of social trading platforms their are individuals who have created high risk systems in attempt to quickly gain followers and make significant amounts of commission. These high risk systems are liable to blow up with you potentially using losing all of your capital in a serious of bad trades. ZuluTrade does a reasonably job at labeling high risk trading systems as such, but I am sure that a number of high risk systems do slip through their detection systems. But you do have a wide range of different system providers you can copy.  

ZuluTrade supports a large number of different brokers with a number of both EU and US regulated brokerages to pick between. Some of the brokerages that support ZuluTrade don’t have the best of reputations while others have pretty good reputations. However their is a wide enough range of brokerages that you should be able to find one which you are perfectly happy with. A thing to note is that different brokerages offer differing amounts of support for ZuluTrade etc, and this is something that you should consider before opening a ZuluTrade account with one of them. 

All in all, I would have to say that ZuluTrade is the best social trading experience I have come across. It’s far from perfect but it will be right up many peoples street. 

Binary Options Review: GTOptions

Important Facts 
  • Regulatory Authority: Operated by S.O Spotoption Ltd. (according to website, however live chat said it was a white label) who on the 9th August 2012 received a CySec licence. However no mention of CySec regulation to be found on site and the site appears to accept US clients in breach of regulatory statute. Regulatory status unclear.
  • Instruments: Forex, Stocks, Commodities and Indices 
  • Unique Features: Demo Accounts and 50% Deposit Bonus (Correct at time of writing
  • Minimum Deposit Required: None Stated, Wire transfers below $300 occur a $30 charge

The Platform 

As the platform is powered by the SpotOption software, the platform is similar to many of the other platforms provided by SpotOption. So anyone who has undertaken business with another platform powered by SpotOption will instantly recognize and be able to use the platform. As you can see from the screenshot of the Binary Meta view the platform is attractive enough and provides some nice graphs. Though the platform lacks any really tools for technical analysis. There is nothing much else to report as the website is a pretty standard affair. Disappointingly no provision is made for those who wish to trade on the move with the platform being unavailable in any of the major smart phone formats. 
 
Special Features 
At the time of writing GTOptions offered both demo accounts and very attractive first deposit bonuses to its clients. With up to 50% bonus being offered to those who made there first deposit, provided certain terms and conditions were met. And having a demo account option available is always a plus as it gives the individual the opportunity to try out Binary Options and see whether they are for them before making the full plunge into trading binary options for real cash. While not particular special the site also offers a number of resources aimed to help traders make decisions.  
 
Option Contract Returns 
The homepage advertises Option Contract returns of up to 90%, but looking around the site I didn’t find any contracts offering that higher return the majority of the contracts offered returns of around 70% which would require that you correctly predicted the movement of a particular instrument with an accuracy of over 60%. Whether this is realistic is questionable however, I do not feel that GTOptions offers returns any better or worse than the majority of the binaries industry. 
 
Customer Service 
The overall level of customer service seems to be satisfactory, though there is no 24/7 online live chat available often a staple of Binary Options service provision. Instead Live Chat is only available at certain times of the day and the queue for an operator However phone numbers are available on the website allowing the customer to ring up the company with ease. It is also refreshing to see the companies full address listed on the website as this gives greater transparency to what is actually going on. Also a number of email addresses are also provided if that is how you prefer to get into contact with the site. 
 
Regulation 
I’m slightly confused about the regulation of GTOptions.com, as the site is the property of S.O Spotoption Ltd. which has a CySec licence which was granted on the 9th August of 2012, it appears that the website may be covered by that particular licence. However no mention of the site being regulated by CySec is made anywhere. To add to this confusion the site appears to accept customers from North America which technically it cannot do as CySec regulation only allows a company to accept clients from within the European Union. This has led me to be very confused about the actual status of GTOptions and my chat with the live support didn’t make this any clearer as it appears the site is not actually operated by S.O Spotoption Ltd. but another entity. I finally managed to get it out of them that they are a white label of Spotoption Ltd. therefore whether GTOptions is covered by CySec regulation is very unclear. They seem to feel they can operate under the regulation provided by SpotOption however I’m not sure that this is correct.  
 
Overall, I would avoid GTOptions as I am confused about where they stand from a regulatory point of view.

Binary Options Review: Banc De Binary

Important Facts 
  • Regulatory Authority: Regulated by Cysec 
  • Instruments: Commodities, Stocks, Indices and Pairs 
  • Unique Features: Attractive easy to use interface, Education materials, 2.5% Interest on deposits placed with Banc De Binary 
  • Minimum Deposit: $500 
The Platform 

Banc De Binary offers a web based platform it has to be said the platform is both attractive and easy to use. The online platform can be tailored to suit your needs for example the One-Click option is designed so the trader can place a Binary Options trade with one click. Whereas the 60 Seconds option is designed for those who wish to trade Binary’s with short expiry times. Finally there is the BinaryMETA option which claims to allow you trade Binaries how the professionals do. In truth binaries offered and used by those in the financial markets are priced differently from those at Banc De Binary, where you are making a fixed bet with a counter party. The BinaryMETA platform just offers the user a more sophisticated platform which more advanced charting options. The Banc De Binary platform is also available as a download for iPhone users allowing you to trade on the move. This iTrading application as Banc De Binary calls it isn’t terribly impressive but it is perfectly functional for those who wish to trade from their iPhone. 

 
Special Features 
When it comes to special features a couple of things should probably be mentioned. Firstly Banc De Binary offers one of the more complete educational programs, including a number of resources that can be downloaded and used to help you get to grips with Binary Options. The other thing that may be of interest to some is the fact that deposits held with Banc De Binary accrue 2.5% APR, which is quite impressive. Making competitive with a number of the lower interest savings accounts available world wide. 
 
Option Contract Returns 
Option Contract Returns seem to be in line with the typical industry standards in fact many Binary Options sites use the same risk management programs so this should be generally expected. The typically return on an option seems to be around 70%. It is important to remember that binary options providers such as Banc De Binary are the counter party to all of the customers trades therefore making it vital that the returns offered will generally result in a loss for the customer in the long run. However this doesn’t mean that every customer will come out as a loser in the long run, but such an outcome is highly probable. For information on this check out my post Can you really make money from Binary Options?
 
Customer Service 
Customer Service at Banc De Binary seems to be something the company takes seriously with Banc De Binary offering a range options to reach them 24/5, including calling them over Skype which is not something I have seen offered before. It seems that they are pretty upfront with their  approach to customer service which is always something good to see. You can also contact Banc De Binary by means of telephone or their live chat feature.  
 
Regulation 
Update 24th January 2013: Banc De Binary Gains Cysec Regulation
After launching a Cyproit office in late 2012, Banc De Binary has gained a full Cysec licence allowing them to accept clients from throughout the European Union under MiFID. This is a big step for Binary Options with Banc De Binary following the lead of its platform provider SpotOption in gaining Cysec regulation for Binary Options. This allows Banc De Binary to accept and cater for clients from all 27 European Union Country’s and will lead to many people becoming more comfortable with the idea of depositing money with Banc De Binary. To see the full news story on Banc De Binary’s Cysec regulation Click Here.
 
Overall, Banc De Binary seems to be a good quality Binary Options site.

Trading Site Review: CMC Markets – Financial Spread Betting

Important Facts 
  • Regulatory Authority: Financial Services Authority (FSA UK) 
  • Instruments: Indices, Stocks, Commodities, Forex  
  • Features: An easy to use platform with an attractive design with a large amount of instruments available to trade and demo accounts available.  
  • Minimum Deposits: £100  

The Platform  

The platform on offer from CMC Markets is very sleek and easy to use. The platform is very newbie friendly and is easy to get gripes with so even the most inexperienced trader should be able to get gripes with the platform. Ordering and placing trades and placing stop losses are a breeze. The charting package on offer on CMC Markets spread betting platform is better than on some of the other competitors package. The platform also incorporates live news into the trading platform which is always nice for those who want to trade on news or momentum. The Spread betting platform is also available for ipad and iphone and on android. The apps for these various mobiles are functional and easy to use, alas there is no application for the Blackberry my smart phone of choice. 
 
Special Features 
There aren’t really any unique features to the CMC Markets platform or experience. But the things that CMC Markets does it does well. With both the platform and the charting on the platform being excellent. 
 
Other Features 
CMC Markets offer a free demo account  for newbies to try their hand at financial spreadbetting as you suspect from a large trading company such as CMC Markets. Also as you would expect from a company of CMC’s size and the educational information provided by the company is of reasonable quality but nothing exceptional. If you deposit £200 into a CMC account, they also offer there users a chance  to attend a day seminar in London on trading (was correct at time of writing). Some pretty decent stuff on offer really, but nothing extremely exciting. 
 
Spreads 
The spreads available on CMC are generally very competitive on all the various instruments they  offer on the website. While some providers may be able to beat the spreads offered by CMC on certain instruments, the spreads offered on the majority of instruments will be up there with the best providers. So anyone who wishes to trade with CMC shouldn’t be put off by the spreads. 
 
Customer Service 
The customer service on is pretty much the standard affair when it comes to a spread betting company, 24/5 telephone lines for you to call. A decent complaints procedure which generally see’s you complaint being resolved in a amicable way. Again they are regulated by the FSA so have to be careful how with they deal with customers in order not to be reported to the Financial Ombudsmen. 
 
Regulatory Authority 
CMC Markets financial spread betting service is regulated in the UK by the Financial Services Authority. CMC Markets has a pretty good regulatory reputation without any blemishes on their record. Having a much better reputation than many other regulatory authorities throughout the European Union. 
 
Overall, CMC provides a professional spread betting service for customers who reside in the UK. Regulated by the FSA and offering decent spreads, CMC Markets might just represent a good choice for your trading needs.
 

Trading Site Review: GFT – CFD’s

Important Facts 
  • Regularity Authority: Financial Services Authority (FSA UK) 
  • Instruments: Stocks, Indices, Commodities, Bonds and Forex  
  • Features: Easy to use web platform, support for mobile trading and resources for new and experienced traders alike. 
  • Minimum Deposit: Not Stated 
The Platform 
GFT’s platform is available in several different forms. First off their is the web based trading platform called Dealbook Web which is pretty much no thrills experience while the simple web platform may not have many features, it is easy to navigate and trade on. Though the platform does have an impressive range of technical indicators for such a web based program. The there is the Dealbook360 downloadable program which offers a wider range of facilities for those who wish to download the program and it has to be said that the Dealbook 360 program is pretty impressive in terms of the features that you have available to you. Then the Dealbook also has its mobile incarnation unsurprisingly called Dealbook Mobile. With good execution and limited re-quotes, GFT have to commended on their trading platform.

Special Features 
Unless you take the outstanding platform to be a special feature their is nothing truly special that makes GFT’s CFD service stand out. But GFT seems to take the professional approach by ensuring that they provide a top notch service supposed to providing their clients with gimmicky features.

Other Features 
Many of the expected features you get with a reputable CFD platform including the option of opening a free demo account. GFT demo accounts are limited to 30 days for some reason which limits the benefit of having such a feature. Again there is also the typical educational features some which are free to download without having an account as long as you provide some information so they can make attempts to market their service to you. To be fair to them the educational tools and information they offer at GFT is pretty good, so fair play to them.

Spreads  
The Spreads on GFT are very competitive and have to be regarded as some of the best spreads around. Though unlike other providers their is a separate commission to be paid on each trade which varies depending on the instrument that is being traded. Typically the commission seems to work out at about £7 per trade. This makes trading with GFT a attractive proposition only if you wish to place big trades.

Customer Service 
GFT offers excellent customer service with helpful and polite staff sitting on the other end of the phone. With live 24/5 support and a good reputation for customer service, it is unlikely that your going to have to many issues with GFT. I have rarely heard people talk poorly of the customer service offered by GFT.

Regulatory Authority 
GFT is regulated by the FSA in the UK and therefore is part of MIFID and therefore can accept customers from across Europe on their CFD trading platform. FSA regulation is generally considered to be the best of the best when it comes to regulating derivative trading within in the European Union. Having a much better reputation than say CySec.

Overall, GFT offers a great CFD trading platform for those who desire to trade considerable size, though it may not be the best option for those who only wish to put on small trades due to the set commission charges.

Review of Betfair Trading Application: The Geeks Toy aka AGT Pro

I have previously talked about how one can make money trading financial bets on Betfair. I mentioned how a Betfair trading application can play a important role in maximizing your Betfair trading profits. Today I’m going to be taking a look at Betfair trading application AGT Pro aka as The Geeks Toy.  
The Geeks Toy is available free for download at the programs website and for a free tool is provides a very professional experience. When you first install the application you will be asked by Betfair to verify your use of a third party Betfair plug in. Once this is done you are ready to use the application to trade Betfair bets.  



The interface of the application will be recognizable for anyone who has used Betfair before. But one the real benefits you get from using The Geeks Toy is the ability to be able to track the price movement and volume over time in a clear to see graph. Making it easy to spot trends in price movements to trade on. All the various markets are easily navigable more so than on the actual Betfair platform itself. The speed that the prices update on the application also give you a considerable edge with prices on the platform updating every 200ms.  

They are also some sophisticated tools available for those who wish to trades bets on horse races one of the other more popular markets aside from Financials and Tennis for Betfair traders. For a free program AGT Pro is an excellent tool that I would recommend for anyone who wants to trade financial bets on Betfair. The program can be downloaded for free at Geekstoy

Trading Site Review: ETX Capital

Important Facts 
  • Regulatory Authority: Financial Services Authority (FSA UK) 
  • Instruments: Stocks, Indices, Forex, Bonds & Interest Rates, Commodities and Futures
  • Features: Sleekly designed platform and wide range of instruments available to trade 
  • Minimum Deposit: £100 minimum deposit 
The Platform
The ETX platform is web based with there being no downloadable version of the platform. But this isn’t really a problem with ETX’s online platform being easy to use and having great charting facilities. All of the large selection of instruments tradable on ETX’s platform are easily searchable and it is easy to place stop losses and work out how big a margin is required for each open position. The platform is assailable for Mobiles but is currently on availiable for Apple’s iphone with no support available for other competiting smart phone brands such as Google’s android operating system. This is a bit of a downside to ETX Capital, hopefully in the future ETX will bring out more wide ranging support. 
 
Special Features 
There is not much in the way of Special Features available at ETX Capital. I suppose the new trade through charting features released in late December of 2011, offer superior charting capabilities to the users in comparison to other spread betting providers.
 
Other Features 
Again as you would expect ETX Capital offers it’s clients numerous educational tools in order to help them learn about spread betting and the financial markets. Though a noticeable exception is the lack of a free demo account for new traders which seems a bit odd in the super competitive spread betting market. All in all there isn’t anything particularly outstanding to mention.  
 
Spreads 
My personally feeling about the Spreads on offer at ETX Capital is that they aren’t quite as competitive as many of the spreads offered by their competitors. With spreads on indices being noticeably larger than on say Capital Spreads or GFT’s spread betting service. Personally I would be tempted to shop around for better spreads, though the selection of instruments on offer is particularly impressive. 
 
Customer Service 
The Customer Service on offer from ETX Capital is top notch with them always being very prompt and proper with how they conduct themselves towards their clients. So if you ever do run into any trouble with ETX you should be safe in the knowledge they will try their best to resolve your complaint. 
 
Regulatory Authority 
ETX Capital is based within the City of London and is subsidiary of the Monecor Ltd who have been members of the London Stock-exchange since 1973. Regulated in the UK by FSA, ETX Capital have had a clean regulatory history. Which is always welcome news and helps gives customers extra peace of mind when using a firm. 
 
Overall, nice interface and platform let down by lack of competitive spreads in some markets and the lack of a demo account. 

Trading Site Review: GFT Binary Options

Important Facts 
  • Regulatory Authority: Financial Services Authority (FSA UK)
  • Instruments: Commodities, Indices and Forex 
  • Unique Features: The Deal Wheel
  • Minimum Deposit: Not listed, dependent on trading activity
The Platform



The platform is easy to use and features GFT’s unique deal wheel which is meant to make all the information available in a clear visual format. I personally like the GFT platform preferring it over the offerings from other Binary Options providers as it the user face is very user friendly. As you would expect GFT’s binary option platform is very reliable with quick execution and no downtime.  While both the CFD’s and Financial Spread Bets can be traded from GFT mobile platform the same doesn’t apply for Binary Options which is a bit of a shame really.  


Special Features  
The Deal Wheel is the feature that GFT spend the most time lauding when it comes to their Binary Options trading platform. While very useful this feature is hardly the most revolutionary thing offered. As with lots of other Binary Options sites GFT also gives it’s user the chance to try out a demo account to try their hand at trading for a 30 day period which is always a nice feature.  


Customer Services 
GFT offers very good customer service for it’s customers with providing 24/5 phone support and offering 24/7 Live Text Chat with one of its operators. Being FSA regulated and having generally a pretty good reputation it is also rather unlikely that you will have to resort to using the customer services of GFT, but if you unfortunately have too it shouldn’t be too much of a pain.  


Regulatory Authority 
GFT is regulated by the FSA in the UK allowing it to accept customers from all members of the European Union. FSA regulation is generally considered to be the gold standard of European Regulation. This should minimize any concerns you have about trading on the GFT platform. 


Overall, GFT’s binary options services represent one of the better online Binary Options offerings, while the number of trade-able instruments is somewhat limited the site and the deal wheel are top notch. If you want to learn more about how Binary Options work take a look at GFT’s introductory video on the subject

Trading Site Review: Capital Spreads – Spread Betting Review

Important Facts 
  • Regulatory Authority: Financial Services Authority (FSA UK)
  • Instruments: Indices, Stocks, Forex, Commodities, Futures 
  • Features: Easy to use platform and resources for new traders, comprehensive demo account 
  • Minimum Deposit: Dependent on Instrument being traded 
The Platform 
The Capital Spreads platform is web based but is fast, easy to use and clear. It is possible to quickly search the various instruments on offer and place bets without any hassle. The charting tools on offer are pretty reasonable, though they don’t offer lots of advanced charting techniques they are functional and allow you to do some on the fly charting analysis. The platform is also available on Mobile in both applications for the iphone and android based phones. Which is good allowing to trade on the move, it’s just a shame that there is no application for Blackberry’s. 
 
Special Features
Not much special here compared with Capital Spreads competitors which offer similar educational programs and other features. Trailing Spreads are available on Capital Spreads, something that is not offered by all Spread betting providers.  
Other Features 
The site seems to have some good educational features and tools for traders which is always welcome. Including an economic calender and some other quite useful features. The demo account on offer is also pretty good mimicking a real money account very closely (only difference being Stop Losses are automatically guaranteed on demo). Will there are some nice features there is nothing that will particularly blow your mind.   
 
Spreads 
Capital Spreads offer some very competitive spreads, I would say that the vast majority of Spread on offer at the site are competitive with the best Spread betting providers around. Having a site which offers great Spreads is always a plus. Though some Capital Spreads competitors offer better Spreads on some major indices, though the difference is not huge. 
 
Customer Service 
The Customer Service offered by Capital Spreads is generally considered to be top notch. With Customer service available 24/5 when the markets are open. Disputed trades are normally resolved fairly and the company is very transparent with all of its dealings. The company is run by London Capital Group which also operates some other companies which also have good reputations. 
 
Regulatory Authority 
Capital Spreads is based in the UK and is regulated by FSA, its parent company London Capital Group has had no serious run ins with the regulator. The only blemish on their record was problems with client contracts which was resolved all the way back in 2005. I would say Capital Spreads would be one of the safer places to put your money. 
 
Overall, I would offer a broad recommendation to Capital Spreads if anyone was to ask me my thoughts on the company.