Benefits and Drawbacks of Lagging Indicators

One of the main benefits of trend-following indicators is the ability to catch a move and remain in a move. Provided the market or security in question develops a sustained move, trend-following indicators can be enormously profitable and easy to use. The longer the trend, the fewer the signals and less trading involved.

The benefits of trend-following indicators are lost when a security moves in a trading range. In the S&P 500 example, the index appears to have been range-bound at least 50% of the time. Even though the index trended higher from 1982 to 1999, there have also been large periods of sideways movement. From 1964 to 1980, the index traded within a large range bound by 85 and 110.

Another drawback of trend-following indicators is that signals tend to be late. By the time a moving average crossover occurs, a significant portion of the move has already occurred. The Nov-98 buy signal occurred at 1130, about 19% above the Oct-98 low of 950. Late entry and exit points can skew the risk/reward ratio.

Lagging Indicators

As their name implies, lagging indicators follow the price action and are commonly referred to as trend-following indicators. Rarely, if ever, will these indicators lead the price of a security. Trend-following indicators work best when markets or securities develop strong trends. They are designed to get traders in and keep them in as long as the trend is intact. As such, these indicators are not effective in trading or sideways markets. If used in trading markets, trend-following indicators will likely lead to many false signals and whipsaws. Some popular trend-following indicators include moving averages (exponential, simple, weighted, variable) and MACD.

The chart above shows the S&P 500 ($SPX) with the 20-day simple moving average and the 100-day simple moving average. Using a moving average crossover to generate the signals, there were seven signals over the two years covered in the chart. Over these two years, the system would have been enormously profitable. This is due to the strong trends that developed from Oct-97 to Aug-98 and from Nov-98 to Aug-99. However, notice that as soon as the index starts to move sideways in a trading range, the whipsaws begin. The signals in Nov-97 (sell), Aug-99 (sell) and Sept-99 (buy) were reversed in a matter of days. Had these moving averages been longer (50- and 200-day moving averages), there would have been fewer whipsaws. Had these moving average been shorter (10 and 50-day moving average), there would have been more whipsaws, more signals, and earlier signals.

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Benefits and Drawbacks of Leading Indicators

There are clearly many benefits to using leading indicators. Early signaling for entry and exit is the main benefit. Leading indicators generate more signals and allow more opportunities to trade. Early signals can also act to forewarn against a potential strength or weakness. Because they generate more signals, leading indicators are best used in trading markets. These indicators can be used in trending markets, but usually with the major trend, not against it. In a market trending up, the best use is to help identify oversold conditions for buying opportunities. In a market that is trending down, leading indicators can help identify overbought situations for selling opportunities.

With early signals comes the prospect of higher returns and with higher returns comes the reality of greater risk. More signals and earlier signals mean that the chances of false signals and whipsaws increase. False signals will increase the potential for losses. Whipsaws can generate commissions that can eat away profits and test trading stamina.

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RSI (Relative Strength Index ).

Momentum indicators employ various formulas to measure price changes. RSI (a momentum indicator) compares the average price change of the advancing periods with the average change of the declining periods. On the IBM chart, RSI advanced from October to the end of November. During this period, the stock advanced from the upper 60s to the low 80s. When the stock traded sideways in the first half of December, RSI dropped rather sharply (blue lines). This consolidation in the stock was quite normal and actually healthy. From these lofty levels (near 70), flat price action would be expected to cause a a decline in RSI (and momentum). If RSI were trading around 50 and the stock began to trade flat, the indicator would not be expected to decline. The green lines on the chart mark a period of sideways trading in the stock and in RSI. RSI started from a relatively median level, around 50. The subsequent flat price action in the stock also produced relatively flat price action in the indicator and it remains around 50.

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Momentum Oscillators

Many leading indicators come in the form of momentum oscillators. Generally speaking, momentum measures the rate-of-change of a security's price. As the price of a security rises, price momentum increases. The faster the security rises (the greater the period-over-period price change), the larger the increase in momentum. Once this rise begins to slow, momentum will also slow. As a security begins to trade flat, momentum starts to actually decline from previous high levels. However, declining momentum in the face of sideways trading is not always a bearish signal. It simply means that momentum is returning to a more median level.

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Leading Indicators

As their name implies, leading indicators are designed to lead price movements. Most represent a form of price momentum over a fixed look-back period, which is the number of periods used to calculate the indicator. For example, a 20-day Stochastic Oscillator would use the past 20 days of price action (about a month) in its calculation. All prior price action would be ignored. Some of the more popular leading indicators include Commodity Channel Index (CCI), Momentum, Relative Strength Index (RSI), Stochastic Oscillator and Williams' Percent Range.

And You Will Find All These Indicators In ForexGen Trading Platform.

Tips for Using Indicators

Indicators indicate. This may sound straightforward, but sometimes traders ignore the price action of a security and focus solely on an indicator. Indicators filter price action with formulas. As such, they are derivatives and not direct reflections of the price action. This should be taken into consideration when applying analysis. Any analysis of an indicator should be taken with the price action in mind. What is the indicator saying about the price action of a security? Is the price action getting stronger? Weaker?

Even though it may be obvious when indicators generate buy and sell signals, the signals should be taken in context with other technical analysis tools. An indicator may flash a buy signal, but if the chart pattern shows a descending triangle with a series of declining peaks, it may be a false signal.

On the Rambus (RMBS) chart, MACD improved from November to March, forming a positive divergence. All the earmarks of a MACD buying opportunity were present, but the stock failed to break above the resistance and exceed its previous reaction high. This non-confirmation from the stock should have served as a warning sign against a long position. For the record, a sell signal occurred when the stock broke support from the descending triangle in March-01.

As always in technical analysis, learning how to read indicators is more of an art than a science. The same indicator may exhibit different behavioral patterns when applied to different stocks. Indicators that work well for IBM might not work the same for Delta Airlines. Through careful study and analysis, expertise with the various indicators will develop over time. As this expertise develops, certain nuances as well as favorite setups will become clear.

There are hundreds of indicators in use today, with new indicators being created every week. Technical analysis software programs come with dozens of indicators built in, and even allow users to create their own. Given the amount of hype that is associated with indicators, choosing an indicator to follow can be a daunting task. Even with the introduction of hundreds of new indicators, only a select few really offer a different perspective and are worthy of attention. Strangely enough, the indicators that usually merit the most attention are those that have been around the longest time and have stood the test of time.

When choosing an indicator to use for analysis, choose carefully and moderately. Attempts to cover more than five indicators are usually futile. It is best to focus on two or three indicators and learn their intricacies inside and out. Try to choose indicators that complement each other, instead of those that move in unison and generate the same signals. For example, it would be redundant to use two indicators that are good for showing overbought and oversold levels, such as Stochastics and RSI. Both of these indicators measure momentum and both have overbought/oversold levels.

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Why Use Indicators?

Indicators serve three broad functions: to alert, to confirm and to predict.

An indicator can act as an alert to study price action a little more closely. If momentum is waning, it may be a signal to watch for a break of support. Or, if there is a large positive divergence building, it may serve as an alert to watch for a resistance breakout.

Indicators can be used to confirm other technical analysis tools. If there is a breakout on the price chart, a corresponding moving average crossover could serve to confirm the breakout. Or, if a stock breaks support, a corresponding low in the On-Balance-Volume (OBV) could serve to confirm the weakness.

Some investors and traders use indicators to predict the direction of future prices.

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What Does a Technical Indicator Offer?

A technical indicator offers a different perspective from which to analyze the price action. Some, such as moving averages, are derived from simple formulas and the mechanics are relatively easy to understand. Others, such as Stochastics, have complex formulas and require more study to fully understand and appreciate. Regardless of the complexity of the formula, technical indicators can provide unique perspective on the strength and direction of the underlying price action.

A simple moving average is an indicator that calculates the average price of a security over a specified number of periods. If a security is exceptionally volatile, then a moving average will help to smooth the data. A moving average filters out random noise and offers a smoother perspective of the price action. Veritas (VRTS) displays a lot of volatility and an analyst may have difficulty discerning a trend. By applying a 10-day simple moving average to the price action, random fluctuations are smoothed to make it easier to identify a trend.




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What Is a Technical Indicator?

A technical indicator is a series of data points that are derived by applying a formula to the price data of a security. Price data includes any combination of the open, high, low or close over a period of time. Some indicators may use only the closing prices, while others incorporate volume and open interest into their formulas. The price data is entered into the formula and a data point is produced.
For example, the average of 3 closing prices is one data point ( (41+43+43) / 3 = 42.33 ). However, one data point does not offer much information and does not an indicator make. A series of data points over a period of time is required to create valid reference points to enable analysis. By creating a time series of data points, a comparison can be made between present and past levels. For analysis purposes, technical indicators are usually shown in a graphical form above or below a security's price chart. Once shown in graphical form, an indicator can then be compared with the corresponding price chart of the security. Sometimes indicators are plotted on top of the price plot for a more direct comparison.

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What is Technical Analysis?

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is "likely" to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.

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- What Does The ForexGen Margin Require?

Foreign currency online exchange and commodity trading is usually based on 'margin'. The required cash deposit for an online trading execution is usually less than the underlying value of the currency or commodity contract. For example, a TSP might require only $1,000 in the trader's account in order to trade a $100,000 currency position. The $1,000 is referred to as 'margin'. This margin is used to assure reducing the predicted loss risk.

The main purpose of having margin deposit in your forex trading account is creating a sufficient margin as all the purchasing and selling is not real. Margin resembles rational assessment of expected risk in each executed position. So, unstable changeable currencies need a higher margin. For example if a $100,000 currency position is changing by more than 1% (or $1,000) in a 24 hour period, the suitable margin in this case is $1,000.

Also If the currency is highly volatile and regularly changes by $3,000 or more or 3% it would require a suitable margin with $1,000 margin deposit. The trader must be aware that the trading account margin is based on account equity not the account balance. The forex trading account at ForexGen is accurately valued by the equity because it includes the account unrealized profits or losses. ForexGen guarantees that our customers never lose more than their deposited funds.

To Learn More About It You Can Visit : www.forexgen.com .

- Forex trading During Economic or Geo Political News Events

It any principal economic events and situations, like non-farm payroll, the currency price will change with a great gap immediately after this situation. Fundamentally the price changes just after the economic news and events occur which results a decrease in the Offers at the forex market on the current price.

Banks are able to create their offers principally from where it was before the events release. If someone has a resting order such as a buy stop or sell stop, those stop orders are accessed and turn into market orders and then are executed at the currently existed foreign currency exchange market price. A buy stop or sell stop could easily turn to the market order after the activation and it's filled at the current currency price which doesn't assure a certain order at a specified price. The volatile nature of the forex trading market makes the buy stop or sell stop order differs extensively from the real order price during principal market moves or gaps, during an economic release like non-farm payroll.

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- Trading Signal : Strategies Board

Strategies board is an assistant tool that produces buy and sell signals based on many sophisticated trading strategies that anticipates the markets and predicts the trend and breakouts.The generated signals are the average signals among all the used strategies over a specific time frame. The signals is divided into different strengths in the short, middle, long periods.

Indicator features:

- History mode feature that allows the traders to get the strategy board indications for a historical point of time.

- The ability to show or hide all strategies.

- The ability to select the included strategies in strategy board calculations.

- Assigning weights for each used strategy.

The following screen is to select the desired pairs to represent their SIF values on the current chart.



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- Trading Signal : DashBoard Of All Indicator Features :

- Showing more than one currency pair on the same chart sorted by spread ascending.

- Showing currency pairs having the same spread with the same color.

- Showing average, short, middle and long term CIF values beside CIF values for all pairs.

- The ability to select the needed currency pairs to be shown.

- The ability to select directly all currency pairs to be shown.

- ForexGen support the following symbols.

- The ability to store current CIF values in a text file for the selected currency pairs.

- The ability to store history CIF values in a text file for the selected currency pairs.

- The ability to show or hide all currency pairs (hide them while storing in file).

- The ability to use currency pairs correlation and weights functions.

The following screen is to select the desired pairs to represent their CIF values on the current chart.





To Learn More About It You Can Visit : www.forexgen.com .

- Trading Signal : Dash Board For All Indicators

Dashboard for all : is an assistant tool includes 27 currency pairs, it allows traders to see the CIF values for the selected currencies on one chart.

It represents the buy/sell signal by a percentage of different strengths (short, long, and middle).

The dashboard for all calculations for each currency pair depends on, volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame.

Dash board for all indicators includes a history mode parameter which allows the trader to get the dash board indication for a historical point for many currencies at any time frame.

You Can Learn More About It At : www.forexgen.com .

- Trading Signal : DashBoard Indicator Features

- History mode feature that allows traders to get the dash board indications for any point in history.

- The ability to show or hide all strategies.

- The ability to add or remove any strategy from Dash Board calculations.

- Assigning weights for each strategy in Dash Board calculations.

- The ability to store Dash Board values in files.

To Know More About It You Can Visit : www.forexgen.com .

- Trading Signal : Dash Board indicator

Dash board is an assistant tool makes strategies combinations where its calculations depend on, volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame. It shows the buy/sell signals by different strengths in the short, middle, long periods .

- Short strength expected results may take from 2 to 8 hours to produce profit and the expected gain may reach average 20 to 30 pips.

- Middle strength expected results may take from 8 to 24 hours to produce profit and the expected gain may reach average 30 to 60 pips.

- Long strength expected results may take from I to 5 days to produce profit and the expected gain may reach average 60 to 30 pips.

To Learn More About It You Can Visit : www.forexgen.com .

- ATS™ features (Automated Trading System )

• Trading platforms does not enable traders to open more than one pair at the same time.

• ATS™, offers traders the ability to open any number of positions at the same time, traders can choose whether to open a set of pairs together at the same time for hedging purpose or open pair by pair when the used strategies confirms the entry, also the system provides the following features:

• Ability to open a group of pairs according to hedging theory and correlations factors between different pairs.

• Ability to open positions according to group of customized strategies.

• Ability to open the positions according to the predetermine directions with confirmation from the selected strategies.

• Ability to determine using swing feature after closing the opened positions,trader can determine if the next positions of the same pair will be opened in the same direction of the first position or the directions will be reversed "swing between them”.

• Trading platforms does not enable traders to close more than one pair at the same time.

• ATS™, offers traders the ability to close the opened positions together at the same time when they reaches the predetermined profit/loss value, or close the positions one by one according to the determined stop loss, take profit, and trailing options , also the system provides the following features:

• Ability to set stop loss in pips with any value to close the opened positions, no minimum or maximum amount is determined.

• Ability to set stop loss in value to close the opened positions.

• Ability to use dynamic stop loss feature, by using this feature the system will keep tracking the opened pair’s status in terms of their current volatility and their history by using Fibonacci and pivots theories.

• Ability to set take profit in pips with any value to close the opened positions, no minimum or maximum amount is determined.

• Ability to set take profit in value to close the opened positions.

• Ability to use the trailing stop feature to protect the achieved profit at certain level,currently the system supports the following kind of trailing:

- The dynamic trailing feature, which calculates the trailing value dynamically for each used pair based on the current volatility, this feature will be an important aid in order not to close any opened position early and waste potential profit.

- Trailing on total feature, which apply the trailing feature on a set of pairs together and close them as group.

- Fixed trailing feature, similar for what is currently provided in trading platforms with additional advantage which is having no minimum value for the trailing.

• Trading platforms enables traders to select number of lots to be opened for each pair statically according to the selected lot size by traders before opening the positions.

• ATS™ offers traders the ability to have dynamic lots calculations, this feature is used to calculate the required lot to be opened for each pair without putting the account margin in risk, and this feature will be useful to gain maximum reasonable profit based on the type of account, deposited balance, and free margin of the account at any time.

You Can Learn More About It When You Visit : www.forexgen.com .

- ForexGen industry with potentials in actually gaining money form the market

• By going through all the previous points ForexGen reached to certain findings that aim to give traders the possibility to participate in the Forex industry with potentials in actually gaining money form the market and not often losing, this can be done by introducing the concept of “Automated Trading System”.

• The goal of building this system is to replace the human involvement in trading and relieve the individual trader from the emotional, physical and psychological stresses of manual trading and the tedious monitoring responsibilities of running an expert advisor on a platform.

• The system offers huge capabilities for any kind of trader, it does not really matter if traders have an intensive experience and knowledge in the Forex markets or without any knowledge at all, the system will always tune it self to adapt traders who uses it, offering trading features far in excess of what human traders are capable of.

• The system offers traders an opportunity to trade the world currency markets 24 hours a day 5 days a week initiating trades on traders behalf according to traders selected strategies in the signal entry and positions management, Utilizing an advanced and -state of the art- trading strategies that determines exactly where to buy and sell and how to maintain the opened positions.

• The system eliminates the emotional and psychological aspects of trading and allows for strict adherence to proven trading rules and principles by providing the tools necessary for properly maintaining suitable account margin leverage.

• The strategies embedded inside the system enables it to self-adjustment to follow trending and ranging markets by using complex and sophisticated "market specific" trading algorithms and logic to analyze different price structure and movements resulting in self-adapting to the constant change in market conditions.

• The system has the capabilities to trades the major currency pairs like (EUR/USD, USD/JPY, GBP/USD and USD/CHF) and any other pairs available in the Forex market.

You Can Visit And Learn More About It : www.forexgen.com .

- Insight Into Traiding In The Forex Market

• Trading in the Forex market is a challenging opportunity where abeeove-average returns are available to those educated and experienced investors who are willing to take above-average risk.

• However, before deciding to participate in Forex markets, traders should carefully consider the investment objectives and scope, the required level of experience and risk abilities should be available, and the most important factor is to take in consideration that not to invest capital can not afford its loss.

• There are considerable risks factors in any Forex market, Any transaction involves currencies contains risks including and not limited to the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.

• Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on traders deposited funds; this may work for traders and also against them.

• Success in trading the Forex markets is not an easy task, It usually requires a tremendous level of understanding and discipline, and also requires the consistent application of correct trading strategies and rules, with uncompromising commitment.

• The primary reason that most traders lose their capital is that “Traders do not understand the true nature of the market in which they are participating”.

• In addition to the “Market Risk” associated with adverse price movement, there are a number of other “Risk Factors” that are inherent to online trading, whether manual trading or regular automated trading concepts available in some platforms.

To Learn More About The Trading System Please Visit : www.forexgen.com .

- Custom Indicators : CIF (Correlated Indicators Factor)

-The CIF is an indicator based on the extensive efforts of our house experts using their experience in their concentrated search where they found that one indicator is not enough.-The experts’ conclusion was that the CIF- mother of all indicators- is the only and the perfect solution that facilitates the manual trading which provides indications with the least risk. It is the trader’s perfect support for every faced obstruction.

-Our house experts categorize and make combinations of the trend, oscillators, bill Williams, volumes and other custom indicators, the CIF signal values is generated according to the indicators’ combinations depending on certain calculations, volumes and correlations between more than one indicator and according to a specified function that weights the indicators’ signal. The CIF values are represented graphically via four lines (short .middle, long, current).

The following screen determines either to show or hide the graphical chart lines of the current, short, middle, long CIF:





-Pink: Current CIF represents graphically the CIF values of the current time frame
-Orange: Short CIF represents graphically the short periods
-Light Green: Middle CIF represents graphically the middle periods
-LightSkyBlue: Long CIF represents graphically the long periods.

To Learn More About It You Can Visit : www.forexgen.com .

- Strategies Tester

The Strategy tester main structure will be as the following :

Strategy tester : will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.
The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.

The strategy tester uses the following two components to carry out its process :

1- Validator :

- Validates the prior used strategy to be applied on the historical data.
- Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.
- Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.

2- Verifier :

- Scoring and ranking the time results from using the strategy.
- Providing the trader with feedbacks on different strategies performance.

To Learn More About It You Can Visit : www.forexgen.com .

- Trading Patterns Recognizer

Technical analysts in Forex market found that by observing the candlesticks patterns, there are recurring patterns on the candlestick charts. Such patterns are like recurring pictures on the candlestick charts and they tend to occur when a trend is about to end or reverse its direction. The patterns are very good visual representation of the price movements and give traders a good view of what is likely to happen next in the market.
Why candlesticks patterns are is that important? The answer for this question is quite simple because candlesticks represent true status of what is going on in the market at the current moment. If a candlestick range is tight, this means that the market range for the trading day was very tight. If these narrow candle range appears after a strong up-trend, it may be strong indication that market there is a bearish power have now entered the market more aggressively, and its strongly suggested that price may fall down.
Finally, candlesticks patterns can be easily used to determine potential reversals of the current trends in the market - most likely when used at the same time with other technical indicators. By constantly observing the candlestick patterns, traders can observe potential reversals of trends and have good opportunities to join the market with strong indication of what will go on next.

To Learn More About It You Can Visit : www.forexgen.com .

- Pairs Hedging Detector

In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces everyday. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.

To Learn More About It You Can Visit : www.forexgen.com .

- Trading Optimizer

Main functionality is to create relations between groups of pairs and finding the best combinations that may produces the best profit in the minimum time possible, this process is performed by sophisticated -state of the art- algorithms which based on the classification and clustering of correlated pairs resulting in simulating all possible runs in history to get the best combinations.
•The trading optimizer inputs are the pairs’ symbols. While, its outputs are the combinations of the pairs that reached the most expected profit in the history.

In the following screen traders select the desired optimization type:

- Fixed open variable closes
- Variable opens fixed close
- Variable opens variable closes



In the following screen traders selects the desired currency pairs to create all their possible combinations.



The following screen enables traders to select the desired collections of pair’s combination.



The following screen will show all the possible orders’ directions according to the determined combination size.



In the following screen the determined directions will be applied on the pairs’ combinations.



In the following screen traders will select the desired combinations to be optimized.



In the following screen the combinations’ profitability will be represented graphically on the chart.



In the following screen the combinations’ profitability will be represented graphically on the chart.



To Learn More About It You Can Visit : www.forexgen.com .

- Trading Profit / Loss

The differential indicator :

is an indicator used to identify the profit/loss would have been realized if any trader submitted multiple positions at the same time.
The indicator shows the rise and fall of the profit of positions opened at the red vertical line through a red graph line in a certain interval of time starting from the time of opening the positions and reaching to the current time, where each point is the total profit of opened positions at this time.

To Learn More About It You Can Visit : www.forexgen.com .

- Multi Pair Chart

The multi pair chart indicator allows putting multiple currency pairs on a host currency chart and draw the difference between the these currencies (the added pairs and the host pair)
The multi pair chart is an indicator which representing more than one pair symbol, it creates further correlations between the pairs through hedging. It simulates the expected relations between more than one symbol to be more useful and to facilitate the trading process.

To Learn More About It You Can Visit : www.forexgen.com .

- Expert Advisor

Expert Advisors : are used to automate trading process and relive traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.

ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/. With ForexGen client expert advisor tool there will be always a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way as to be able to track and manage their open positions, placed orders and stops at any given moment.

What is an Expert Advisor?

It is a mechanical trading system (MTS) written in specialized language is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text

Staring in writing your custom Expert Advisor never has been easier, to be able do so traders only need to learn to use a very simple language - the MQL 4.
There is a great variety of trading strategies developed by a lot of traders using MQL4 language and ForexGen traders can depend on it as a good start to get familiar with MQL4 language and allows traders to incorporate the previously accumulated experience.

To Learn More About It You Can Visit : www.forexgen.com .

- Free Risk Account

ForexGen demo account advantages:

1- Innovated trading with no request for a quote for up to 200 lots (20 million). The client is provided by a simple system with included options that are easily grasped and uses.
2- Real time prices are usually modified and provided.
3- ForexGen provides Real time charts with the most famous indicators.
4- Reports daily the account status.
5- Summarization of the current client's orders, account equity, profit and loss ranging. 6- Exclusive technical analysis provided daily to your mailbox in the Trading Platform. The trading real time technical analysis by Capital Management is sent daily to the trader’s mail .
7- Streaming News headlines are supplied by AFX News.
8- The ability to form the traders own strategies using the Expert Advisor. Available for real accounts upon written request.

To download ForexGen platform directly click here.

Important notes:

- When opening a demo account you will have the same features on the system as a real client, however this account is for demonstration purposes only. Please notice that the demo platform is fully automated and does not enjoy the attention of our dealing room. In volatile markets the dealing room may increase the spread slightly for a short period of time, however all temporary changes are only made on the live server and does as such not affect the demo accounts.
-To open a demo account you must enter a valid e-mail address.
-The demo account is only valid for a period of 30 days. Please be aware that all data will be lost when the demo account expires.

To Know More About It Visit : www.forexgen.com .

- Demo Account

We provides ForexGen traders with a free Forex demo account in a 30 days trail period where the trader is allowed to participate in Forex trading with real market conditions and get used to the Forex trading employing ForexGen professionalized online trading platform.

A Forex demo account permits the trader utilize the advantages and the benefited features provided by our online trading services. The trader must enter a valid e-mail address to open freely a demo account.

To download ForexGen platform directly click here.

To Learn More About It You Can Visit : www.forexgen.com .