We are changing the definition of the "pip" size which our trade analysis uses on gold and silver, from the current value of 1.00 to 0.10.
This reflects a change in the majority of what FX Blue users want. It means that the cash value of one pip's movement on gold and silver is now more in line with the cash value of pips on most forex symbols. (There is no "correct" or "official" value for the pip size on non-fx symbols; it is an arbitrary convention. For example, a poll of users asking what the pip size should be on gold gives substantial numbers of votes for all of 1.00, 0.10, and 0.01)
For more information about pip sizes, please see the FAQ.
This service is currently in beta, and only Practice accounts are currently supported.
If you trade with Oanda using MT4, you can also (continue to) use our publisher EA or account sync for MT4. The new facilities are specifically designed for Oanda's non-MT4 accounts.
There is a new version of the Custom Timeframe Generator which adds the ability to create Renko charts. The app has also been optimised for use with the latest version (v765) of MT4.
Several more brokers have been added recently to the list available for use with account sync. The additions include EliteTrader, Birchwood, and USG,, plus new servers for several brokers including ForexTime, Boston Technologies, FXOpen, FTT, LiteForex, and Tallinex.
There is another update to the Trading Simulator: you can now move the entry price of pending orders, and you can pause the simulation from inside the Simulator (using the settings button and its menu) instead of having to use the button in the MT4 backtesting pane.
There is a new version of the Trading Simulator with an option to pause the simulation when a t/p or s/l is hit. You can use this facility to go back and inspect the trade history, or you can set the backtesting to maximum speed while a trade is open if you intend to leave it to hit either its s/l or t/p. Please see section 3.4 of the updated user guide for more information.
A new version v6.06 of the Personal Trade Copier is available. This fixes an error when a symbol being copied from a sender does not exist in the receiving copy of MT4.
A new version of the Data Integrity Checker for MT4 is available. This has been re-built for full compatibility with the latest version of MT4.
A new version v6.05 of the Personal Trade Copier is available. The ForexSymbolSuffix parameter can now be set to "none", telling the receiver EA that the broker does not use a suffix for its symbols. (Leaving the parameter blank causes the EA to auto-detect the suffix, which can be problematic with brokers offering two versions of each symbol such as EURUSD and EURUSD_Avg.)
A new version v6.04 of the Personal Trade Copier is available. This fixes a DLL import problem when running on the ancient Windows Server 2003.
A new version of the publisher app for cTrader is available. This now calculates and publishes margin usage for open positions.
cTrader accounts using account sync will automatically benefit from this enhancement. You do not need to make any changes. Your results will start showing margin usage with immediate effect.
(Please note that the cTrader API does not provide an "official" figure for margin usage. Our apps have to calculate this based on current instrument prices and cTrader's margin rules.)
The cap on free usage of the Internet Trade Mirror has been raised from 20 subscribers to 40 subscribers with immediate effect.
A new version v6.03 of the Personal Trade Copier is available. This is based on the version previously in beta, which had been re-built for use with v600+ of MT4.
v6.03 adds the ability to do manual partial closes of trades on the receiver without the receiver EA then closing the remainder of the position (because previously it did recognise the new ticket number following the manual partial close).
Please note that the name of the EA has changed, to match the change in the site's name from MT4i to FX Blue. You can transfer to using the new version by saving the settings for the existing EAs (using the Save button on the Input's tab of MT4's properties for the EA), and then loading those saved settings when starting the new version of the EA. We strongly recommend that you test this transition on a demo account before trying it on a live account.
There is a new version of the QuickChannel developer library, with two main additions:
This new version of QuickChannel is being issued under our new FX Blue name, in advance of the name-change next weekend.
We are excited to announce that, because our services now work on multiple trading platforms, we are rebranding from MT4i to FX Blue.
You don't need to do anything. Everything will continue to work as it does now, and typing in www.mt4i.com will simply track through to www.fxblue.com.
We will be making the changes to the website on the weekend of 5/6 July.
Version 2 of the Trading Simulator has completed its beta test and is now fully released.
V2 includes a number of extra features, such as the ability to edit orders after placement with the same full range of options which are available when first placing an order - for example, edit the stop-loss on an option position to set it to a new cash amount such as $50.
There is an updated beta version of the Personal Trade Copier, with several small improvements in areas such as suffix detection and conversion of equity to USD.
The beta version has been created because "old" EAs continue to run on v600+ of MT4, but the backward-compatibility is not perfect. New EAs are more reliable on v600+ of MT4 than old EAs.
The site now handles calculations of historic equity and floating P/L for accounts with a deposit in NZD (though please note that all such calculations are approximate).
A new version of the Trading Simulator is available as a beta. The new version has an enhanced design with many more trading options such as reversing and hedging positions.
Please note that this new version of the Simulator requires v600 or later of MetaTrader 4, and will not work with copies of MT4 which are still on v509 (or older).
A new version v1.53 of the Personal Trade Copier is available.
This fixes a problem with reloading the EA (e.g. changing its parameters, or changing the timeframe of its chart) in v600+ of MT4.
Please note that there is also a beta version of the Personal Trade Copier which is compiled specifically for v600+ of MT4.
There is a new beta version of the Personal Trade Copier, re-compiled specifically for use with v600+ of MT4. This version will not work with any copies of MT4 which are still on v509 (or older).
This new version has been created because "old" EAs continue to run on v600+ of MT4, but the backward-compatibility is not perfect. New EAs are more reliable on v600+ of MT4 than old EAs.
There is a new version of the EACopy tool for distributing files into multiple installations of MT4.
This not only adds support for v600+ of MT4, but also contains a huge number of new features and a complete redesign which is more closely integrated with Windows Explorer.
There is a new version of the QuickChannel developer library, containing additional functions for use with v600+ of MT4 (i.e. Unicode-compatible functions). QuickChannel can now be used on both v500 and v600 of MT4, without needing complex string manipulations in order to translate between Ansi and Unicode on v600.
A new version is available of the Publisher EA for MT4.
Old versions of the EA need to be updated for use with v600 of MT4, because v600 is not fully backward-compatible with v509. (Files created by EAs are no longer put in the experts\files directory of MT4, and the Publisher needs an update in order to detect the new location of these files.)
A new version v1.52 of the Personal Trade Copier is available.
This works round a bug in the new v600 of MT4 where an EA's initialisation routine can corrupt its string memory, particularly if the EA is already attached to a chart when MT4 (re-)starts up. Previous versions of the Copier can report message-corruption errors on v600. (The error messages are logged by the receiver EA, but the issue is in fact in the sender EA.)
(The bug in MT4 v600 seems to be related to the fact that v600 can call the init() function in an EA multiple times, particularly when starting up with the EA already attached to a chart. These calls to init() can be concurrent, and this seems to corrupt the EA's memory, particularly if the EA carries out any string operations in init(). This is clearly a bug in MT4 v600: init() should only be called once, and problems are arising from the fact that MT4 calls it multiple times. This is related to, but separate from, similar bugs which were reported to MetaQuotes during beta-testing.)
Calculations of historic floating P/L and equity are now available for USD cent accounts (currencies USC or USD100). Please note that the new functionality is experimental, and all such historic calculations are always an approximation.
A new version 1.50 of the Internet Trade Mirror software is available.
The new releases standardises its functionality (and version number) with the Personal Trade Copier.
Changes and additions include the following:
A new version v1.50 of the Personal Trade Copier is available.
Changes and additions include the following:
A new version 1.3 of the Custom Timeframe Generator is available.
The format of chart files will change in the next version of MT4, due for release shortly, and you will need to update any utilities which create .HST files.
A new version of the Publisher for FXCM TS2 accounts is available.
The new version uses FXCM's ForexConnect API instead of their old Order2Go API. It has a faster, simpler installation and does not require frequent updates to the Order2Go framework.
The new version also has additional settings, such as an option to re-publish whenever orders are opened or closed. It also displays an overview of your account status within the publisher app itself, without needing to visit the website.
A new version of the Personal Trade Copier is available (v1.41).
Additions include the following:
We are very pleased to announce a new option for displaying trading results on your own website: you can now embed charts, analysis, and statements on your own site using a simple iframe.
Your visitors can view comprehensive information about your trading activity without needing to leave your own site. The embedded page includes interactive charts, a condensed version of MT4i's analysis, plus sophisticated features such as filtering and the ability to create bespoke analysis charts.
We have added further options to the Custom Timeframe Generator. The tool now has the ability to force simulated ticks on the offline chart which it creates, and to adjust the time of the bars on the offline chart, e.g. creating an H1 chart which is 5 hours behind broker time.
By popular demand, we have made a change to invitation-only competitions. You can now continue to send out further invitations after a competition has started, provided that the "allow late entrants" setting is turned on.
A new version of the Personal Trade Copier is available.
The new version has improved auto-detection of the ForexSymbolSuffix parameter, catering for brokers who have two versions of each symbol: an untradeable symbol such as EURUSD which is only included for internal purposes, and a second symbol such as EURUSD# which is the actual tradeable version. The Trade Copier will now auto-detect the suffix as #, avoiding the need to set the ForexSymbolSuffix parameter manually.
The Trader Copier also now has MaxSenderLotSize and MinSenderLotSize parameters. These are similar to the existing IgnoreOrdersSmallerThanLots and IgnoreOrdersLargerThanLots filters, but apply to the original lot size on the sender, not the adjusted size which the receiver is about to trade.
A new version of the Internet Trade Mirror software is available.
This inherits all recent changes to the Personal Trade Copier - for example, the improved auto-detection of the ForexSymbolSuffix parameter, and the new MaxSenderLotSize and MinSenderLotSize parameters.
By popular demand, we have added the ability to create range bars in the Custom Timeframe Generator.
As well as tick charts and non-standard time periods, the Custom Timeframe Generator can now create charts of range bars. For example, you define a range such as 10 pips, and the software then creates a chart where each candle has the same range (i.e. 10 pips) and a variable duration in time depending on how long it takes the market to move the specified distance.
MT4i is pleased to announce the release of a new version of one its most popular tools: version 2 of the Spread Controller.
The purpose of the Spread Controller remains the same, but the process has become much simpler and quicker. You simply run one script after starting MT4. After that, you will be prompted at the start of each backtest to change the spread which is about to be used. There is no longer a need to restart MT4 after each change of spread, or to disconnect MT4 from the broker.
The MT4i Trading Simulator converts the MetaTrader 4 strategy tester into a tool for practising manual trading using historic data. You can use the Simulator to test how well you would have fared under particular historic market conditions - and/or to check how well your favourite indicators would have guided you in the past.
The Simulator lets you place market and pending orders, set trailing stops, alter the s/l and t/p on orders by clicking on the chart, save complex order definitions as templates, quickly close all open orders, plus many more features which are not available as standard in MetaTrader 4.
The Price Action News indicator displays the feed for a symbol such as EURUSD on a chart in MetaTrader 4. You can set up alerts which notify you whenever a new event occurs, and you can undock the news into a floating window or minimize it so that it takes up the smallest possible amount of chart space.
You can also follow the news on Twitter, at twitter.com/mt4inews
MT4i is pleased to announce the launch of a new free tool for traders: the Custom Timeframe Generator which lets you create charts for timeframes which are not natively supported by MT4.
The software can create both tick charts and time-based charts, for periods such as M3, H2, 10-seconds etc. The software can create historic bars for periods such as M3 from historic M1 data, and can optionally interpolate missing bars on shorter timeframes (e.g. create empty bars on a 10-second chart if there are no ticks within a 10-second period).
We have reorganised the "Tools" section of the MT4i website and renamed it as the Apps section.
You should find that the new layout is easier to navigate, and provides a clearer indication of apps which are related to each other. The list continues to be divided into trader and developer tools, but there is now extra categorisation within the list of trader tools.
New features have been added to the mobile version of the MT4i website.
Trade information now includes the order comment and magic number, and you can view recently closed trades as well as open trades by clicking on the list of recent days which is shown in the account stats.
A new version of the Personal Trade Copier is available.
The new version includes further filters on the trades which are copied. You can specify minimum or maximum lot sizes, and also provide a list of trading hours during which orders should be copied, e.g. between 7am and 10am and between 2pm and 8pm.
Several more brokers have been added recently to the list available for use with account sync. The additions include AFB, FECH, FX Choice, and Integral, plus additional servers for PrimeXM, Alpari, ATC, Global Prime, InvestorsEurope, Universal FX, IBFX, Axiory, Synergy FX, Enfinium, Pepperstone, HotForex, and Exness.
The cap on free usage of the Internet Trade Mirror has been raised from 5 subscribers to 20 subscribers with immediate effect.
There is also an updated version of the receiver EA also with a new StopTradingAtDrawdownPercent parameter. This is similar to the existing StopTradingBelowEquity parameter, but stops trading activity when floating P/L exceeds the specified percentage of account balance.
A new version of the Personal Trade Copier is available.
A single sender EA can now send trades to multiple receivers. It is no longer necessary to run a separate sender for each receiver. For example, you can enter "Receiver1,Receiver2" as the Channel parameter for the sender, and that single EA will then broadcast messages to the receiver EAs with the Channel parameters "Receiver1" and "Receiver2".
The receiver EA also has a new StopTradingAtDrawdownPercent parameter. This is similar to the existing StopTradingBelowEquity parameter, but stops trading activity when floating P/L exceeds the specified percentage of account balance.
Refund FX has teamed up with MT4i to offer a forex trading challenge with $4,000 in cash prizes to the highest grossing accounts over a 1 month period beginning 1 February.
* Registration for the competition is now open: please visit http://www.mt4i.com/competitions/refundfx
* Prize money is given as a cash prize into the live trading account of your choice. There are no restrictions on this prize money. You can freely withdraw or trade as you like.
* Starting with a $5,000 demo account, competitors will trade using Refund FX's MT4 multi broker platform, which allows you to choose from a number of different brokers.
* All contestants that enter will also receive a free copy of the Bilo Run EA valued at $199.
Refund FX is an ASIC regulated introducing broker that pays you a cash rebate every time you place a trade. Visit www.refundfx.com.au for more information.
Both applications now have a BuySellOnly parameter which controls whether the copying will place long/short orders, and both also have MaxOpenOrders_Total and MaxOpenOrders_FromCopier parameters for controlling the number of open/pending orders.
A new version of the Publisher EA for MetaTrader 5 is available. This has been updated to work with the new build 555 of MT5 which is (yet again) not backward-compatible with existing EAs.
The Personal Trade Copier has gained better support for unusual partial-close handling on some brokers, plus extra logging.
The Internet Trade Mirror has the same changes, plus a fix for a bug in the receiver when the sender is broadcasting a relatively large list of open orders.
A new version of the Publisher EA for MetaTrader 5 is available. This has been updated to work with the new build 540 of MT5 which is (again) not backward-compatible with existing EAs.
In addition to setting a PIN on your account, you can also now restrict access to specific MT4i users. If you turn on this new feature, people can only see your results if they are logged in to an MT4i account on the "white-list" which you set up.
To use this new feature, log in to your account and use the new settings in the "Report PIN and/or access list" section.
You can now add social-networking links to your results, helping to publicise your trading activity. This new option adds Facebook, Twitter, and Google +1 links to your statement and stats pages.
To turn on the links, log in to your account and use the new setting in the "System description, and publication options" section.
You can now choose between the traditional statement view versus a tabbed version which makes it easier to navigate the order history on large accounts. (The tabbed version is already in use for portfolios, and is also used automatically on accounts with more than 10,000 orders in their history).
The tabbed view also provides more flexible sorting of orders, and allows the order history to be filtered to pick out particular entries.
In addition, you can insert your own web content into the tabbed view. For example, you can add a tab promoting yourself, your EA, or just containing further information about the results you are publishing.
To turn on the tabbed view, log in to your account and use the new settings in the "System description, and publication options" section.
MT4i has moved to a new datacentre this morning. Everything should transfer seamlessly, but please do let us know if you are having any problems with any aspect of the site.
Following the huge popularity of MT4i's Personal Trade Copier, we have now launched the Internet Trade Mirror: free trade copying over the internet between different computers running MetaTrader 4.
The Internet Trade Mirror has all the functionality which has attracted thousands of users of the Personal Trade Copier. Senders can control which trades are broadcast. Receivers can control which trades are copied, and can alter lot sizing and other risk settings, and can even invert the direction of the sender's trades. The Mirror automatically converts between 2DP/4DP and 3DP/5DP brokers, and between different broker symbol names such as EURUSD and EURUSDcx. The Mirror supports partial closes, market execution, and allows the receiver to control slippage or simply place all orders at market.
The Internet Trade Mirror is currently in beta and restricted to 5 subscribers per account. Please contact us for an increased limit, or for a version of the software which you can run from your own server.
New versions of the Publisher EAs for MT4 and MT5 are now available.
The new MT4 EA builds its results faster, particularly on accounts with large numbers of trades in their history, and uses a different publication mechanism with better support for Linux servers which are running MT4 and other Windows software through an emulator.
The new MT5 EAs (32-bit and 64-bit) also use the new publication mechanism, and add support for text containing non-ANSI characters (e.g. Cyrillic broker names).
Both EAs continue to allow publication of results as frequently as every minute, with immediate re-publication following new trading activity.
There is an updated version of the Personal Trade Copier which allows custom symbol mapping between brokers. For example, if the sending broker refers to spot gold as GOLD, and the receiving broker uses XAUUSD, then you can now define rules which convert between the different symbol names.
The new version of the Personal Trade Copier also allows trade direction to be inverted, so that a buy on the sender account becomes a sell on the receiver account etc.
The "EA" tab of the Stats page has become the "Strategy" tab, because of the addition of a new feature: Strategy Tags.
Strategy Tags let you analyse manual trading, or automated systems which use each order's comment to distinguish between different strategies. You create tags which match part or all of an order comment, and the Strategy tab then automatically updates each time your results are published.
You don't need to manually assign tags to each trade after publishing your results. You set up your tags once, and the system does all the work for you after that, based on the comment you enter when placing each trade.
There is an updated version of the Personal Trade Copier which allows filtering of orders based on the order comment. In other words, you can choose only to copy some of the trades on the sending account, based on the comment for the order as well as its magic number and symbol.
ForexPros.com has been added as a news provider in Connect. Their news feeds are available in 11 different languages.
The look of the MT4i site has changed a little over this weekend.
The new design creates a little extra space on screen, and also loads slightly faster on all desktop browsers. (It also now loads much faster on devices such as iPhones, though please note that there is a special version of the site for mobile devices.)
The filtering on order comments has been extended to allow exact matches.
You can now start a match with = to mean "this exact, case-sensitive comment". For example, =MyEA will only match against the order comment "MyEA", and not against "myea" or "myea v1".
You can combine this with other matches in a comma-separated list. For example, =MyEA,/MyEA2 will match against the order comment "MyEA" or any comments which start with "MyEA2".
For more information about filtering on order comments, please click here.
You can now choose to hide your entire order list on MT4i, so that visitors can only see statistics, not the individual orders.
To turn this on, log into your MT4i Live account and turn on the setting "Make your order list private". You can also change this setting from the account sync page.
If you only want to hide open and/or pending orders, not closed orders, then you can continue to do this using the settings in our Publisher EA or the account sync settings.
You can now filter results based on order comments, in addition to the existing options to filter by date, lot size, symbol, direction etc.
(You need to be publishing your order comments in order to use this facility. If you are using the MT4/MT5 publisher EAs then you need to turn on the "PublishOrderComments" parameter. If you are using account sync then the "Publish order comments" option is turned on by default.)
The text you enter is matched against any part of the order comment. For example, "close" matches against either of the comments "partial close" or "close by hedge". If you only want to match against the start of the order comment, then use / at the start of the text, e.g. "/close".
You can also specify different comments, separated by commas. For example, "close,/partial" matches against any order comments which contain "close", or against any comments which start with "partial". And you can preface the whole list with ! to mean "all orders except those matching this list of comments".
MT4i's Competitions system is now officially out of beta. However, we will be continuing to add further features to the system over the coming weeks based on the valuable feedback we have received from users.
Please note that the rules have changed regarding deposits and withdrawals during a competition. Previously, competitors were disqualified if they made deposits or withdrawals during a competition, though this was not enforced during the beta period. The new rule is that deposits and withdrawals are allowed, but they are treated as though they were made at the start of the competition. In other words, growth is calculated as: current equity / (starting equity + deposits)
A new version of the Personal Trade Copier is available. The new version provides better support for Oanda accounts where the order comment is automatically modified by Oanda.
MT4i is delighted to announce the launch of MT4i Connect, a free service with unique features for registered users:
After only 2 years of operations and tens of thousands of registrations, MT4i finally launches a "What's new" list!