Archives

Programmatic access to a broker's order system via REST, FIX, or WebSocket — for custom platforms and high-frequency strategies.

Running a strategy on historical data to estimate how it would have performed — the first step in strategy validation.

Modern multi-asset trading platform by Spotware — popular with ECN brokers for its Level 2 depth and cAlgo automation.

A user-written or downloaded MetaTrader indicator that calculates and plots data not available natively.

An automated trading program for MetaTrader — opens, manages, and closes trades based on coded rules.

Financial Information eXchange — the institutional-grade messaging protocol for low-latency order entry.

Running a strategy on live (or paper) data going forward — the only honest test before committing real capital.

The round-trip time between sending an order and receiving confirmation — critical for scalpers and HFT.

A venue or aggregator that gathers buy/sell interest from multiple participants, providing tighter spreads and deeper books.

The most widely used retail forex trading platform — supports charting, EAs (MQL4), and custom indicators.

MetaTrader's successor platform — multi-asset, more timeframes, better backtester, MQL5 language.

Trading from a smartphone or tablet via dedicated apps (MT4/MT5 mobile, cTrader mobile, broker apps).

MetaQuotes Language 4 — the programming language for indicators, scripts, and Expert Advisors on MT4.

MetaQuotes Language 5 — the more powerful, object-oriented language for MT5 indicators, EAs, and scripts.

Tuning a strategy's parameters to maximise historical performance — risky because it often produces strategies that fit the past but...

A small MQL program that runs once when attached to a chart — used for one-off tasks like closing all...

Every individual price change (bid + ask) the broker recorded — the highest-resolution market data available.

A general term for any automated trading program — synonymous with EA in the MetaTrader world.

Web-based charting platform with social features and Pine Script — increasingly used for FX execution via broker integrations.

A remote server used to host EAs 24/7 — eliminates dependence on a home computer and reduces latency to the...

A browser-based trading platform — no download required, runs on any device with a modern browser.