Except the obvious advantage of this platform which is the real tick data it has a few more advantages over Metatrader 4. One of them is the the chart types. The first chart that drew my attention was the point & figures chart type.
There are solutions for Metatrader but those are far from being perfect. The main problem is the accuracy and the second problem is that it's not a native chart.
My first goal was implementing a point and figures pattern and test it with real tick data. This will allow me to experience the new platform, the API and the test mechanism.
I spent a few hours until my mission was accomplished. The platform is JAVA based. There is an option to connect to it through Eclipse but I couldn't log-in. In the future I'll get back to it and solve it with their support. It looks like a great interface with the capability to debug with a real debugger.
The API requires programming knowledge. It's a little more complex than MQL 4.
There some issues that I found the answers by digging in the API, looking in Dukascopy's programming forum and some questions remained unanswered. There are much more sources for MQL4 / Metatrader in the net than JForex and that's the first disadvantage I found.
The Metatarder's GUI is more convenient.
The EA itself works fine. I'd like to verify that real test results are the same as the backtest's and my next stop is performing an optimization.
Once we make profits, it is time to protect them. Money management is about the minimization of losses, and maximization of profits. To ensure that you don’t gamble away your hard-earned profits, to “cut your losses short, and let profits ride”, you should keep the bible of money management as the centerpiece of your trading library at all times.
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Thank you for this very good info. keep sharing this kind of info.
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