Happy Thanksgiving! from FXGS

Happy Thanksgiving!

Forex Geek Squad

MetaTrader 5 the Next Generation Forex trading platform has been released for public Beta testing.

MetaTrader 5 the Next Generation Forex trading platform has been released for public beta testing.


The release of the platform for trading is scheduled for the beginning of 2010.

MetaTrader 5 is the trading platform designed for the organization of brokerage services in Forex, CFD and Futures, as well as equity markets. It can be used to trade in several financial markets and stock exchanges from a single account.

Click the Picture above to Download Meta Trader 5 Beta platform

Or Visit http://www.metaquotes.net/en/metatrader5 to download the Platform.

Resources:

http://www.mql5.com/

http://www.metaquotes.net/en/metatrader5

http://www.forex-tsd.com/metatrader-5/20130-metatrader-5-client-terminal.html

http://metatrader5.blogspot.com/

An MQL5 book is planned and it will be written by Sergey Kovalyov , author of the MQL4 book.

The forum , mql5 documentation and articles section are already working, but the code base is still in development.

All forum accounts have been moved from the MQL4 website, so anyone can use their own existing login.

MQL4 Vs MQL5:

MQL5 is the next generation of MQL4 language, in which numerous indicators, scripts, and Expert Advisors were written. Even though the MQL5 programming language is maximally compatible with the previous MQL4 language, there are still some differences between these languages. And when transferring programs these differences should be noted.


Major Differences (for programmers):

1. The number of indicator buffers are unlimited.

2. The new language does not have functions start(), init() and deinit().

3. Check of logical conditions is shortened.

4. dll is downloaded immediately after downloading an Expert Advisor.

5. Precedence of operators like in C + +.

6. When limits of an array are exceeded, the current performance is terminated.

7. The language offers the implicit type cast.

8. Common local arrays are automatically deleted.

9. Local variables are not initialized automatically.

Compared to Meta Trader 4, the usability and usefulness has majorly improved. Beta testing is already in process. Programmers have also started converting their indicators to the new MetaTrader 5 platform. After over two years of development, the MetaTrader 5 has been released for public beta testing. The MetaTrader 5 terminal, as well as the whole platform, was rewritten from scratch.

Non Farm Payroll Results November:+40 pips in just 1st 30 minutes & a total of +76 pips in about 2 hours.

(Click Image to Enlarge)

Non Farm Payroll/NFP/ Non Farm Employment Change Forex trading news was expected to be -175K whereas the previous number was -263K and it was predicted if NFP > -270K USD JPY will go short 60-80 pips & if < -70K it will go long 60-80 pips in 1st 15-30 minutes.It came out to be -190 even though it was not a great trigger it could still gather 76 pips in total in the next 2 hours. USD JPY started from 90.36 and touched 89.96 those were 40 pips in just 1st 30 minutes. During the next 2 hours it reached 89.60 that was a total of 76. Overall it was a good profitable month.

If at 8:30am EST NFP > -270K USD JPY will go short 60-80 pips & if < -70K it will go long 60-80 pips in 1st 15-30 minutes.

FORECAST for Friday, November 6th, 8:30 am Eastern Standard Time. Non Farm Payroll/NFP/ Non Farm Employment Change a high impact Forex trading news & is expected to be -175K whereas the previous number was -263K. It is the Change in the number of employed people during the previous month, excluding the farming industry. If at 8:30am EST NFP > -270K USD JPY will go short 60-80 pips & if < -70K it will go long 60-80 pips in 1st 15-30 minutes.