IB/MIB Application

About Meta Trader IKOFX

METATRADER 4

At IKOFX, we are equipped with MetaTrader4. With the world leading Forex trading platform, traders can enjoy the fastest and precise Forex trading. We are constantly looking to improve our offering to include as much free news feed and tools as possible to help you improve your trading.

The MetaTrader 4 is a trading platform specially designed for online Forex trading and performing technical analysis. This software is developed by the MetaQuotes Software Corp. It consists of many special functions and features. For examples, it able to develop and use automated trading programs (Expert Advisor) by MQL language. Furthermore, it also allows back-testing function on historical data. In addition, it able to auto generating the trading report and journal record for traders.

The MetaTrader-IKOfx allows you to trade from a streaming quote feed using advanced technical analysis tools, and all in real time. Also check out our new component of our online trading platform, IKOFX MultiTerminal. It represents a trading terminal that able to control and monitor several trade accounts on the same server.

Overview - MetaTrader-IKOFX

Below is the MetaTrader-IKOfx program window. The windows are anchored to each other by default but it is manipulated-able and customizable in a variety of ways by user. Most windows are easily positioned anywhere on the screen.

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Overview - IKOfx MultiTerminal

IKOfx MultiTerminal supports all basic functions of IKOfx Client Terminal: working with securities at Forex, Futures, and CFD, alerts about system and trading events, fast news providing, internal electronic mail, multi-language interface. 

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The attractive side of IKOfx MultiTerminal is the ability to work with several accounts at the same server, track open orders and trading history for several accounts, trade on several accounts simultaneously, and distribute lots on several accounts automatically in equal parts or according to the ratio between available assets on different accounts.

Featuring

a) Live Executable Rates

IKOfx quotes live and executable streaming prices. These prices are updated automatically second by second reflecting the slightest move in the market. Prices shown are actual executable prices. The IKOfx always hold fixed spreads during normal market conditions. Executions and confirmations are immediate under normal market conditions

b) Variety of Orders

Instant Orders: A trade is executed at the current market price. This order is quick and efficient. Click on the currency pair you want to trade then click on the price and the trade is executed!

Entry Orders/Pending Orders: Trader specifies the price he/she wants to open the position at. Position is not executed until exchange rate hits the specified price. Stop/Loss Orders: Used to pre-determine to what loss a trader is willing to take. Limit Orders: Used to pre-determine to what profit a trader is looking to make. Trailing Stop Orders: Used to minimize loss and set the stop order to move in the same direction as the market when it does in favor of the trader.

c) Account Information

Our MetaTrader-IKOfx trading platform does all the calculation for your account! It auto calculates your profits or losses of each trades in real time basis. Your general equity, margin and profits or losses are also constantly updated by the slightest move in the market.

d) Margin Watcher

It is a safety feature embedded in this system of Forex trading that prevents clients from turning their deposit into negative value in their online Forex trading accounts. Should the account Usable Margin goes down to zero, the dealing desk of Forex trading will close some of the biggest loss positions in order to protect the trader from losing more than the existing funds in the online Forex trading account.

Other Features in MetaTrader4

The MetaTrader 4 is user friendly software and has many extra features as mentioned. It can shift between the line, bar and candlesticks chart plus different timeframe that available in the toolbar. Besides, it can be changed up to 24 languages based on user suitability and convenient. The background may be changed too according to user preference. A lot of technical indicators and line studies can be input to the market chart.

Other than that, the bottom part of the figure is the terminal features in MT4. It gives information of current trade position details, trader’s account history, news and journals.

Next, the most advanced feature of the MT4 is the MetaEditor which enables the custom creation of own Expert Advisor automated trading program by the use of MQL language, which is quite similar to the C programming, to compile the program codes. There is built in dictionary to teach and help user to develop the codes. 

fx6 The MetaEditor overview and the sample program codes 

Moreover, the strategy tester feature in MT4 allows back-test simulation to carry out in order to evaluate the EA developed. The back-test can be done either in visual mode or not. The visual mode models the simulation to the real time executions. In the strategy tester, user can modify the test setting such as currency pair, tested EA, use date, and timeframe. When the back-test is finished, the software automatic generates the results, account balance graph, report and trade journals as shown below. 

fx7 Account balance graph generated after the back-test 

fx8 The trade report generated after the back-test

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