Mexcel Trader by FxDialogue is a powerful Excel trading application that offers to construct effective trading strategies. It utilizes the calculation competence of MS Excel, with regards to real-time data, price history, proprietary operations and technical indicators. Therefore, users can need to only rely on MQL programming, and form such strategies that would challenge even Expert Advisors.
With proper trading tools, foreign exchange can indeed be a lucrative business, and the powerful and user-friendly spreadsheet, namely the Excel program integrates with the most popular trading systems, rendering effective trading. Currency trading, the largest financial market on the global arena, is also called foreign exchange trading. A distinct feature of this trade is that the same commodity, namely currency, is bought and sold with the differential amount being the profit or loss.
Metatrader 4 happens to be amongst the top trading platforms. Its uniqueness lies in the fact that, besides offering the standard functions of opening and closing trades, it houses a set of features to assist users in developing extremely effective trading strategies. The profits offered by the mind-boggling volume of forex trade can effectively be tapped by online currency trading. By using the Expert Advisor feature, Metatrader allows trade automation, which plays a crucial role in forex trading, and goes on round-the-clock.
However, a lot of programming is required to create expert advisors, as the need for learning an entirely new programming language arises. Therefore, the forex excel system is a perfect alternative to this time-consuming task. All the features of Metatrader can be created by using the MS Excel program, spreadsheet software, leading to the creation of a tiny program, which integrates Metatrader and MS Excel. It is possible to create expert advisors by typing formulas in the Excel program, with support from the built-in help.
Mexcel trader by FxDialogue, just empowers the spreadsheet program, offering live streaming of data on currency values. Users can construct a database for price-history, in order to analyze trends over any range of time span, be it short or long. Further, a common platform can be used to communicate with multiple brokers, rendering an easier and prompter trading process. Even, when the users need to switch between brokers, there is no need to learn about any other new platform. Account management is simplified, and various strategies can be used between brokers.
Though forex trading can be done from home, with just a computer and the software to access the online forex market, traditional systems have invariably been complicated to quite an extent. But the Mexcel tool of Metatrader 4 brought about by FxDialogue, has opened the possibilities of exploiting all the utility features of Metatrader, without having to write complex programming codes. The full-charting environment of Metatrader updates real time prices, besides displaying multiple time frames for every pair of currency used in trading.
With amazing features like screen-manipulation capability, inclusion of trade indicators and formation of automated trading programs by users themselves, Metatrader is a popular and sophisticated trading platform for forex trading. Custom programs compiled through this platform are extremely beneficial, as it serves to ease the otherwise tedious trading process.