How To Write A Formula For Conditional Formatting In Excel Trading Outside the Box – The Meta Trader 4 Excel Duo

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Trading Outside the Box – The Meta Trader 4 Excel Duo

The Meta Trader 4 Excel platform is making waves in the online forex trading circle for all the good reasons. Currency trading is the business of exchanging one country’s currency for another country’s currency. Unlike most other trades, the profit here depends entirely on the volatility of the Forex market.

If the market were static and without fluctuations in currency values, no money would be made. However, this same volatility also creates an element of risk. With countless variables affecting prices, it can be quite difficult to predict which way the market will go. In such a scenario, traders must seek all available information about the economic forces at play. The lack of insider trading makes it even, but it means that all your competitors know what you know.

Therefore, the only way to trade sustainably and profitably is to gather all the data about market trends. A trend is a trader’s best friend. The best way to use trend data is to analyze it thoroughly.

But this is where the maximum parts of Forex software fall short – the analysis tools. Each system provides some tools – some useful, some not so useful. Most of the time, the statistical analysis tools provided in Forex systems are either too simple to be powerful or too complex to be practical for day-to-day trading.

Even the popular Metatrader has this drawback. Despite the powerful trend analysis features, implementing automated trading strategies requires complex programming. The average trader, who may not be a computer geek, will not appreciate this. Learning an entire programming language just to trade can be quite a daunting task.

That’s why the Meta Trader 4 Excel platform is gaining popularity. It allows users to make Forex trades from the widely used spreadsheet software Excel. When you think about it, Microsoft Excel is actually a great trading program. Consider its features:

  • Ease of use: With its simple graphical interface, it is one of the most user-friendly programs of its kind.
  • Short learning curve: Extensive tutorials and help files make mastering the features easy, even for users with no prior experience.
  • Easy Formula Writing: Even the most complex formulas can be created with a surprisingly simple syntax.
  • Highly scalable: allows working with large amounts of data.
  • Powerful conditional formatting: Important patterns that weren’t apparent at first can be highlighted. This makes it easy to mine the data to discover trends and exceptions.
  • Visual Chart Element Selectors: Allows users to quickly change chart data. Manipulating charts with a few clicks makes data analysis easier, more understandable and more efficient.

All these features make Excel a great trading platform. Especially if it were possible to develop Expert Advisors – automated trading strategies designed to maximize profits and protect you from losses. To your surprise, it is now possible! The ingenious application now allows you to use all Metatrader functions, including the development and execution of Expert Advisors, through Excel. Set up your Meta Trader 4 Excel system now and experience the benefits now!

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