Tips on Embarking on a Metatrader Programming Project
Metatrader programming converts trading ideas into useable software in a Forex platform. Although most providers and programmers have their own satisfaction guarantee policies, those policies are not enough for you to neglect proper communication procedures. In some cases wherein you are not satisfied with the program, you may get your money back, but not your wasted time and effort. Here are some tips to consider when embarkng on a Metatrader software project:
Set clear goals. When describing the project, keep your statements clear and concise. Telling the provider that all you want is a profitable software would be absurd. Good programmers in Metatrader know the terms used and the ins and outs of Forex trading, but there is no guarantee that they are also skilled financial analysts. In fact, most trading systems aren't profitable, and it would be up to the trader himself to optimize his trading strategy and mold its parameters to suit his needs.
Give keen and accurate details. Is the project for an indicator, script, or expert advisor? Are you going to use a third party software along with the finished program? Do you need trading data on the terminal for monitoring, or visual input on the screen for you to see? Relayingincomplete information can be costly, and you can end up always going back to the provider for technical support due to various errors and issues, and may even be charged more for program modifications.
State your desired parameters. Make it clear to the provider which of the factors on the software can be modified externally, such as money management, lot size and pip size multipliers, etc. This would allow you to modify your software without even looking at complex programming code. Also specify their default values so the programmer wouldn't set values you won't really use in live trading.
Determine the policies of your broker. Does your broker process order by market orders only? How many digits does your account trade in? These simple factors could save the trader a lot of time, especially during optimization, backtesting, and troubleshooting. It would always be helpful if you inform your provider regarding the broker you are going to use, so that they may use it on quality control before delivering the final program to you.
If possible, show examples and charts to illustrate your idea. Providing these information could help avoid a lot of communication gaps that would result to incorrect implementation for the program. This is especially helpful in cases wherein either the trader or the programmer is not a native English speaker.
Communication with providers is important when embarking on a Metatrader programming project. Willingness to supply as much information as you can and attention to detail are necessary in order to ensure that the program would function according to your own trading strategy.
About Us
Dynamic Programming Solutions Corporation is one of the leading software development companies specializing in Forex and Metatrader 4. Using the Metatrader Query Language, or MQL, the company provides customized software based on trading strategies and systems provided by its customers. Zoltan Laszlo Ferenci is the owner and serves as the project manager for the company.
If you already have a plan, or just thinking about it, feel free to contact us. You will surely receive a reply within 1 business day. You can contact us here: Contact Page