FOREX.com Japan beefs up MT4 offering with addition of EAs
Users of the platform can trade via expert advisors including FX Blue EA.
FOREX.com Japan, the retail FX brand of GAIN Capital Japan Co., Ltd, is expanding the capabilities of the MetaTrader 4 (MT4) platform.
The brokerage informs its clients that they can now make use of expert advisors when trading on MT4. Forex.com MT4, for instance, offers FX Blue EA.
The platform has the analytical tools to maximize the trading experience, including 16 indicators and the possibility for displaying Japan time.
Fans of automated trading have always appreciated the chance to use EAs on MT4. The profitability of such programs has been, of course, questionable. Most EAs are efficient for a certain period of time and in a given market environment and fail to perform according to expectations in a different market environment.
Forex.com Japan continues to be one of the handful of Forex brokers that offer trading on MT4 in Japan, in the face of the fact that a number of other retail FX brokers have dropped offering the platform. ArenaFX (now known as Excite One Inc), for example, in August 2017 unveiled its plans to stop offering MT4 to its clients.
Several Japanese Forex brokers, including Japan’s retail FX giant Monex Group, Inc. (TYO:8698) and YJFX, have halted the offering of MetaTrader 4 earlier. YJFX admitted back in the fall of 2014, when it announced its plans to terminate the offer of MT4, that its decision was sudden and provided no specific reasons for the move. After abandoning MT4 in the autumn of 2014, Monex focused on the development of its proprietary platform TradeStation.