LiteForex: a fresh look at the intraday trading
The LiteForex group of companies presents to its clients a new set of trading instruments designed for intraday trading. The first achievement in this area is the IntraDay Eye indicator released in February 2010. This indicator allows trader to get a precise estimate of the current market situation in the shortest time.
For more than a year the LiteForex group of companies clients have been using the latest practical groundworks in the field of MQL language for improving their trading systems. An exclusive set of software products being actively used by the company clients consists of about twenty different instruments (indicators, advisors and expert advisors) developed for Forex trading with the help of Metatrader 4. In February 2010 the set of instruments will be modified and added taking into the consideration the requirements of intraday trading.
According to Sergey Khravchuk, an instruments designer, he is planning to “develop new instruments and modify old ones exactly for this trading style. Every indicator, script and expert advisor will be aimed to optimize each single function which an intraday trader uses all the time (from current situation analysis to pending orders execution)”.
All the instruments will be published in the traders’ forum of the LiteForex company in the ForexTools section (http://forum.liteforex.org/
). The thread is dedicated to the set of trader’s instruments developed by Sergey Khravchuk.
The IntraDay Eye indicator is the first step towards the intraday trading efficiency growth. The IntraDay Eye is intended for marking out the trading sessions on the chart and showing news schedule, that is automatically downloaded from the internet with the special IntraDay EventsLoader script. News is displayed in such a way that a trader has an opportunity not only to read the news and correlate it with the particular moment but also visually watch its approach. There are several ways of displaying trading sessions, each way suits best for a certain type of tasks. The visualization of beginning and end of a trading session allows you to estimate the time slot with the most active trades at first sight and to clearly view the price dynamics during the session. Moreover the graphic representation itself allows to determinate easily the influence of the trading session results on each other.
According to the instruments developer he has “a creation of a special indicator for displaying tick and real chart trades volumes of present and past and a serious of statistical indicators” in his future plans.
“Such a great attention to the features of intraday trading can be explained by its popularity, ” – Aleksey Smirnov, the president of the LiteForex group of companies comments. – “A considerable amount of traders working with the LiteForex group of companies prefer exactly the intraday trading intending to trade as much efficient as possible on minute and hours periods. The IntraDay Eye is the first instrument in the list of necessary one for intraday trader. The importance of the indicator is identified by the need of trading sessions information and economical news to be provided to trader”.
The new IntraDay Eye Indicator along with other ForexTools software products is available for testing on demo account of the company.
To obtain the possibility to use the indicator in real trade a participant needs to receive a personal license for product usage on a real account. For LiteForex clients it’s absolutely free to obtain this license and it’s a completely simplified process.
Though all the information is yet in Russian our English speaking clients can also obtain this kind of service.
On our forum branch (http://forum.liteforex.org/showthread.php?t=48
) you can ask our programmer a question or place an order for a license specifying:
1) Number of your trading account;
2) Type of your trading account (Lite or Real);
3) Chosen component(s) of the package (the one you need a license for)
For those traders who are not LiteForex clients there is also a way to obtain the license for fee on a developer’s website http://forextools.com.ua