Metatrader by FxDialogue, is an extremely user friendly commercial solution, which does almost all things which user need to perform with Metatrader4, by simplifying it through amalgamation of the trading platform with Microsoft Excel.
Metatrader4 is used by online Forex (foreign exchange) speculative traders as a software program and in Forex terminology; it is called Electronic Trading Platform. This software uses scripting language MQL4, which enables Forex traders to develop scripts, custom indicators and the most attractively, create Expert Advisors. Many brokerages that were using other trading software replaced or started using Metatrader4 as alternate trading software. It is very effective as it provides real time charts, operations in trade and technical analysis. Metatrader4 platform is considerably focused on margin trading.
Internal programming language used in MetaTrader 4 is like “C” which is a machine language that allows software users to program their own signals, trading strategies and indicators. And to interact with Excel, users first have to crate C++ library which is accessible from Metatrader4. Empowering Metatrader 4 with Mexcel Trader makes it significantly easy because it gives greater flexibility and the minimum language issues.
Mexcel Trader has certain very important features incorporated, along with tools that help a user to formulate Forex strategies, graphs and design charts without the knowledge of MQL, with the best being, that for using this, a user needs to only have the knowledge of Excel. Using Metatrader 4 with excel requires a lot of programming and it would consume humongous amounts of time do perform tiny work, but Mexcel trader by FxDialogue eliminates this cumbersome process by using the very effective calculation capacity of MS Excel with historical prices, real time data and propriety functions, making it a perfect alternative of the treacherous programming process.
Mexcel trader is user friendly and allows user to construct their own database for price-history to check the trends over any range of time span. This also provides live streaming of data on currency values in Forex. One more advantage for the users to feel absolutely confident while selecting Mexcel trader as their Forex trading firm is, that FxDialogue has partners authorized in the UK, EU and USA. Users’ funds are held at the esteemed JPMorgan Chase Bank and user is able to receive a 24hour trading support.
One dynamic property of Mexcel trader is that the user can use a common platform to communicate with multiple brokers, so users don’t have to switch between different platforms for communicating with numerous brokers in a short span of time, and neither do they have to understand the platform which the broker is using. This indeed makes it very simple for user by removing any sort of complexity involvement.
Forex trading can be controlled from home, and for that we would simply need a computer and the software to access the online forex market. For this purpose, there are certain ambiguities in traditional systems, which are rather complicated to a large extent. To overcome this complicated solution, FxDialogue brought about Mexcel tool for Metatrader 4, whereby, through elimination of the need for users to write any complex programs, they have opened an array of possibilities for exploiting all the utility features of Meta trader and at the same time, updating real time prices through display of multiple time frames for every pair of currency used in trading over a single screen or window.