Trading Tools

Trading Tools

At ICM we continuously strive to offer services that support you when trading with us. That includes our Pip Calculator which helps you to calculate the value of a pip depending on the currency pair and the lot size of your transaction.

You will also find a Pivot Calculator which is simple to use and designed to calculate pivot points in only a few seconds. In addition, you can access our Economic Calendar to help you to track the occurrence of market-moving events. You can use the Trading Signals feature on the MT4 platform which helps you subscribe to the signal feeds of other traders also using the system.

 

Economic Calendar

GMT+1 Currency Event Actual Forecast Previous Imp.
00:50 JPY Bank Lending (YoY) (Mar) 6.3%   6.2%
00:50 JPY PPI (MoM) (Mar) 0.8% 0.4% 0.6%
00:50 JPY PPI (YoY) (Mar) 1.0% 0.5% -0.6%
04:11 IDR Retail Sales (YoY) (Feb) -18.1%   -16.4%
07:00 JPY Machine Tool Orders (YoY)   65.0%   36.7%
08:45 EUR ECB's Panetta Speaks         
09:00 CNY M2 Money Stock (YoY) (Mar) 9.4% 9.6% 10.1%
09:00 CNY New Loans (Mar) 2,730.0B 2,450.0B 1,360.0B
09:00 CNY Outstanding Loan Growth (YoY) (Mar) 12.6% 12.6% 12.9%
09:38 CNY Chinese Total Social Financing (Mar) 3,340.0B 3,700.0B 1,710.0B
10:00 EUR Retail Sales (MoM) (Feb) 3.0% 1.5% -5.2%
10:00 EUR Retail Sales (YoY) (Feb) -2.9% -5.4% -5.2%
12:25 BRL BCB Focus Market Readout      
13:00 INR CPI (YoY) (Mar) 5.52% 5.40% 5.03%
13:00 INR Cumulative Industrial Production (Feb) -11.30%   -12.20%
13:00 INR Industrial Production (YoY) (Feb) -3.6% -3.0% -0.9%
13:00 INR Manufacturing Output (MoM) (Feb) -3.7%   -1.3%
14:00 GBP MPC Member Tenreyro Speaks         
14:00 EUR French 12-Month BTF Auction -0.629%   -0.632%
14:00 EUR French 3-Month BTF Auction -0.630%   -0.625%
14:00 EUR French 6-Month BTF Auction -0.633%   -0.621%
15:30 CAD BoC Business Outlook Survey      
16:30 USD 3-Year Note Auction 0.376%   0.355%
16:30 USD 6-Month Bill Auction 0.040%   0.035%
18:00 USD 10-Year Note Auction 1.680%   1.523%
18:00 USD 3-Month Bill Auction 0.020%   0.020%
18:00 USD FOMC Member Rosengren Speaks         
19:00 USD Federal Budget Balance (Mar) -660.0B -658.0B -311.0B
23:00 NZD NZIER Business Confidence (Q1)     -6%
23:00 NZD NZIER QSBO Capacity Utilization (Q1)     95.1%
23:45 NZD Electronic Card Retail Sales (YoY) (Mar)     -5.3%
23:45 NZD Electronic Card Retail Sales (MoM) (Mar)     -2.5%
GMT+1 Currency Event Actual Forecast Previous Imp.
00:01 GBP BRC Retail Sales Monitor (YoY) (Mar)     9.5%
00:50 JPY M2 Money Stock (YoY)     9.6%
00:50 JPY M3 Money Supply (Mar)     1,952.5T
01:00 AUD HIA New Home Sales (MoM)     22.9%
02:30 AUD NAB Business Confidence (Mar)     16
02:30 AUD NAB Business Survey (Mar)     15
04:00 KRW M2 Money supply (Feb)     8.90%
04:00 CNY Exports (YoY) (Mar)   35.5% 60.6%
04:00 CNY Trade Balance (USD) (Mar)   52.05B 103.25B
07:00 GBP Construction Output (MoM) (Feb)   0.6% 0.9%
07:00 GBP U.K. Construction Output (YoY) (Feb)   -1.9% -3.0%
07:00 GBP GDP (YoY)     -7.3%
07:00 GBP GDP (MoM)     -2.9%
07:00 GBP Index of Services     -2.4%
07:00 GBP Industrial Production (YoY) (Feb)   -4.5% -4.9%
07:00 GBP Industrial Production (MoM) (Feb)   0.5% -1.5%
07:00 GBP Manufacturing Production (YoY) (Feb)   -5.1% -5.2%
07:00 GBP Manufacturing Production (MoM) (Feb)   0.5% -2.3%
07:00 GBP Monthly GDP 3M/3M Change     -1.7%
07:00 GBP Trade Balance (Feb)   -10.40B -9.83B
07:00 GBP Trade Balance Non-EU (Feb)   -4.05B -1.76B
07:00 EUR German WPI (YoY) (Mar)     2.3%
07:00 EUR German WPI (MoM) (Mar)     1.4%
09:00 EUR Italian Industrial Production (YoY) (Feb)   -2.3% -2.4%
09:00 EUR Italian Industrial Production (MoM) (Feb)   0.7% 1.0%
10:00 EUR German ZEW Current Conditions (Apr)   -53.0 -61.0
10:00 EUR German ZEW Economic Sentiment (Apr)   79.0 76.6
10:00 EUR Spanish 12-Month Letras Auction     -0.506%
10:00 EUR Spanish 6-Month Letras Auction     -0.524%
10:00 EUR ZEW Economic Sentiment (Apr)     74.0
10:30 ZAR Gold Production (YoY) (Feb)     -14.1%
10:30 ZAR Mining Production (Feb)   -1.9% -6.2%
10:45 EUR Italian 3-Year BTP Auction     -0.22%
10:45 EUR Italian 30-Year BTP Auction     1.470%
10:45 EUR Italian 7-Year BTP Auction     0.31%
11:00 USD NFIB Small Business Optimism (Mar)     95.8
12:00 USD OPEC Monthly Report      
13:00 BRL Retail Sales (MoM) (Feb)   0.7% -0.2%
13:00 BRL Retail Sales (YoY) (Feb)   -3.6% -0.3%
13:30 USD Core CPI (YoY) (Mar)   1.5% 1.3%
13:30 USD Core CPI (MoM) (Mar)   0.2% 0.1%
13:30 USD Core CPI Index (Mar)     270.30
13:30 USD CPI (MoM) (Mar)   0.5% 0.4%
13:30 USD CPI (YoY) (Mar)   2.5% 1.7%
13:30 USD CPI Index, n.s.a. (Mar)   264.69 263.01
13:30 USD CPI Index, s.a (Mar)     263.16
13:30 USD CPI, n.s.a (MoM) (Mar)     0.55%
13:30 USD Real Earnings (MoM) (Mar)   0.1% -1.0%
13:55 USD Redbook (YoY)     10.6%
13:55 USD Redbook (MoM)     -17.2%
14:00 GBP NIESR Monthly GDP Tracker     -2.0%
15:00 EUR German Buba Mauderer Speaks         
16:00 USD Cleveland CPI (MoM) (Mar)     0.2%
16:03 CNY Imports (YoY) (Mar)   23.3% 22.2%
17:00 USD FOMC Member Daly Speaks         
17:00 USD FOMC Member George Speaks         
17:00 USD FOMC Member Harker Speaks         
18:00 USD 30-Year Bond Auction     2.295%
20:15 USD FOMC Member Bostic Speaks         
21:30 USD API Weekly Crude Oil Stock     -2.618M
22:00 KRW Export Price Index (YoY) (Mar)     0.2%
22:00 KRW Import Price Index (YoY) (Mar)     -0.8%
23:45 NZD Permanent/Long-Term Migration (Feb)     631
GMT+1 Currency Event Actual Forecast Previous Imp.
00:00 KRW Unemployment Rate (Mar)     4.0%
00:50 JPY Core Machinery Orders (YoY) (Feb)   2.3% 1.5%
00:50 JPY Core Machinery Orders (MoM) (Feb)   2.8% -4.5%
01:00 SGD GDP (QoQ) (Q1)       15.9%
01:00 SGD GDP (YoY) (Q1)     -0.2% -2.4%
01:30 AUD Westpac Consumer Sentiment (Apr)     2.6%
03:00 NZD RBNZ Interest Rate Decision   0.25% 0.25%
03:00 NZD RBNZ Rate Statement      
07:15 JPY BoJ Governor Kuroda Speaks         
07:30 INR WPI Food (YoY) (Mar)     1.36%
07:30 INR WPI Fuel (YoY) (Mar)     0.58%
07:30 INR WPI Inflation (YoY) (Mar)   5.90% 4.17%
07:30 INR WPI Manufacturing Inflation (YoY) (Mar)     5.81%
08:00 EUR Spanish CPI (YoY) (Mar)   1.3% 1.3%
08:00 EUR Spanish CPI (MoM) (Mar)   1.0% 1.0%
08:00 EUR Spanish HICP (MoM) (Mar)   1.9% 1.9%
08:00 EUR Spanish HICP (YoY) (Mar)   1.2% 1.2%
08:00 CNY FDI     31.50%
08:00 EUR ECB's De Guindos Speaks         
09:30 GBP Labour Productivity (Q4)     4.0%
10:00 EUR Industrial Production (MoM) (Feb)   -1.1% 0.8%
10:00 EUR Industrial Production (YoY) (Feb)   -0.9% 0.1%
10:40 EUR German 30-Year Bund Auction     0.210%
12:00 USD MBA 30-Year Mortgage Rate     3.36%
12:00 USD MBA Mortgage Applications (WoW)     -5.1%
12:00 USD MBA Purchase Index     283.6
12:00 USD Mortgage Market Index     693.5
12:00 USD Mortgage Refinance Index     3,068.8
12:00 ZAR Retail Sales (YoY) (Feb)   -2.7% -3.5%
12:45 EUR ECB's Panetta Speaks         
13:00 BRL IBC-Br Economic Activity     1.04%
13:30 USD Export Price Index (YoY)     5.2%
13:30 USD Export Price Index (MoM) (Mar)   1.0% 1.6%
13:30 USD Import Price Index (YoY)     3.0%
13:30 USD Import Price Index (MoM) (Mar)   1.0% 1.3%
15:00 EUR ECB President Lagarde Speaks         
15:30 GBP MPC Member Haskel Speaks         
15:30 USD Crude Oil Inventories   -2.154M -3.522M
15:30 USD EIA Refinery Crude Runs (WoW)     0.103M
15:30 USD Crude Oil Imports     -0.141M
15:30 USD Cushing Crude Oil Inventories     -0.735M
15:30 USD Distillate Fuel Production     -0.099M
15:30 USD EIA Weekly Distillates Stocks   0.925M 1.452M
15:30 USD Gasoline Production     -0.060M
15:30 USD Heating Oil Stockpiles     -0.339M
15:30 USD EIA Weekly Refinery Utilization Rates (WoW)   0.3% 0.1%
15:30 USD Gasoline Inventories   1.050M 4.044M
17:00 USD Fed Chair Powell Speaks         
17:00 USD Thomson Reuters IPSOS PCSI (Apr)     54.47
17:00 BRL Brazil Thomson Reuters IPSOS PCSI (Apr)     41.15
18:00 EUR ECB's Schnabel Speaks         
18:30 BRL Foreign Exchange Flows     -1.075B
19:00 USD Beige Book      
19:30 USD FOMC Member Williams Speaks         
20:45 USD FOMC Member Clarida Speaks         
21:00 USD FOMC Member Bostic Speaks         
23:45 NZD External Migration & Visitors (Feb)     -98.70%
23:45 NZD FPI (MoM) (Mar)     -0.9%
GMT+1 Currency Event Actual Forecast Previous Imp.
00:50 JPY Foreign Bonds Buying     377.0B
00:50 JPY Foreign Investments in Japanese Stocks     978.4B
00:55 KRW Exports (YoY) (Mar)     16.6%
00:55 KRW Imports (YoY) (Mar)     18.8%
00:55 KRW Trade Balance (Mar)     4.17B
02:00 KRW Interest Rate Decision (Apr)   0.50% 0.50%
02:00 AUD MI Inflation Expectations     4.1%
02:00 JPY BoJ Governor Kuroda Speaks         
02:30 AUD Employment Change (Mar)   35.0K 88.7K
02:30 AUD Full Employment Change (Mar)     89.1K
02:30 AUD Participation Rate (Mar)   66.1% 66.1%
02:30 AUD Unemployment Rate (Mar)   5.7% 5.8%
05:00 IDR Export Growth (YoY) (Mar)   8.73% 8.56%
05:00 IDR Import Growth (YoY) (Mar)   12.60% 14.86%
05:00 IDR Trade Balance (Mar)   2.21B 2.01B
07:00 EUR German CPI (YoY) (Mar)   1.7% 1.3%
07:00 EUR German CPI (MoM) (Mar)   0.5% 0.5%
07:00 EUR German HICP (MoM) (Mar)   0.5% 0.6%
07:00 EUR German HICP (YoY) (Mar)   2.0% 1.6%
07:00 NOK Trade Balance (Mar)     25.1B
07:45 EUR French CPI (MoM) (Mar)   0.1% 0.0%
07:45 EUR French CPI (YoY)     1.1%
07:45 EUR French HICP (YoY) (Mar)   1.4% 0.8%
07:45 EUR French HICP (MoM) (Mar)   0.7% 0.7%
09:00 EUR Italian CPI (YoY) (Mar)   0.8% 0.8%
09:00 EUR Italian CPI (MoM) (Mar)   0.3% 0.3%
09:00 EUR Italian CPI Ex Tobacco (MoM) (Mar)     0.5%
09:00 EUR Italian HICP (MoM) (Mar)   1.8% 1.8%
09:00 EUR Italian HICP (YoY) (Mar)   0.6% 1.0%
09:00 EUR Spanish Trade Balance     -1.77B
09:30 GBP BOE Credit Conditions Survey      
11:00 EUR Reserve Assets Total (Mar)     848.59B
12:00 GBP Thomson Reuters IPSOS PCSI (Apr)     52.7
12:00 EUR Italy Thomson Reuters IPSOS PCSI (Apr)     38.65
12:00 EUR Germany Thomson Reuters IPSOS PCSI (Apr)     52.83
12:00 EUR France Thomson Reuters IPSOS PCSI (Apr)     41.79
13:00 BRL Brazilian Service Sector Growth (MoM) (Feb)   1.5% 0.6%
13:00 BRL Brazilian Service Sector Growth (YoY) (Feb)   -3.5% -4.7%
13:20 INR Exports (USD) (Mar)     34.00B
13:20 INR Imports (USD) (Mar)     48.12B
13:20 INR Trade Balance (Mar)   -14.11B -14.11B
13:30 USD Continuing Jobless Claims   3,700K 3,734K
13:30 USD Core Retail Sales (MoM) (Mar)   5.0% -2.7%
13:30 USD Initial Jobless Claims   700K 744K
13:30 USD Jobless Claims 4-Week Avg.     723.75K
13:30 USD NY Empire State Manufacturing Index (Apr)   19.50 17.40
13:30 USD Philadelphia Fed Manufacturing Index (Apr)   42.0 51.8
13:30 USD Philly Fed Business Conditions (Apr)     61.6
13:30 USD Philly Fed CAPEX Index (Apr)     35.90
13:30 USD Philly Fed Employment (Apr)     30.1
13:30 USD Philly Fed New Orders (Apr)     50.9
13:30 USD Philly Fed Prices Paid (Apr)     75.90
13:30 USD Retail Control (MoM) (Mar)   6.3% -3.5%
13:30 USD Retail Sales (YoY) (Mar)     6.48%
13:30 USD Retail Sales (MoM) (Mar)   5.9% -3.0%
13:30 USD Retail Sales Ex Gas/Autos (MoM) (Mar)     -3.3%
13:30 CAD ADP Nonfarm Employment Change     -100.8K
13:30 CAD Manufacturing Sales (MoM) (Feb)   -1.0% 3.1%
14:15 USD Capacity Utilization Rate (Mar)   75.7% 73.8%
14:15 USD Industrial Production (YoY) (Mar)     -4.25%
14:15 USD Industrial Production (MoM) (Mar)   2.8% -2.2%
14:15 USD Manufacturing Production (MoM) (Mar)   4.0% -3.1%
15:00 USD Business Inventories (MoM) (Feb)   0.5% 0.3%
15:00 USD NAHB Housing Market Index (Apr)   83 82
15:00 USD Retail Inventories Ex Auto (Feb)     1.2%
15:00 CHF SNB Gov Board Member Maechler Speaks         
15:30 USD Natural Gas Storage     20B
15:30 EUR German Buba Mauderer Speaks         
16:30 USD 4-Week Bill Auction     0.010%
16:30 USD 8-Week Bill Auction     0.010%
16:30 USD FOMC Member Bostic Speaks         
19:00 USD FOMC Member Daly Speaks         
21:00 USD US Foreign Buying, T-bonds (Feb)     -49.00B
21:00 USD Overall Net Capital Flow (Feb)     106.30B
21:00 USD TIC Net Long-Term Transactions (Feb)     90.8B
21:00 USD TIC Net Long-Term Transactions including Swaps (Feb)     50.10B
23:30 NZD Business NZ PMI (Mar)     53.4
GMT+1 Currency Event Actual Forecast Previous Imp.
00:00 JPY Reuters Tankan Index (Apr)     6
01:30 SGD Non-Oil Exports (MoM) (Mar)     8.20%
01:30 SGD Non-Oil Exports (YoY) (Mar)   6.60% 4.20%
01:30 SGD Trade Balance     4.980B
02:30 CNY House Prices (YoY) (Mar)     4.3%
03:00 JPY Thomson Reuters IPSOS PCSI (Apr)     40.29
03:00 CNY China Thomson Reuters IPSOS PCSI (Apr)     72.69
03:00 CNY Fixed Asset Investment (YoY) (Mar)   25.0% 35.0%
03:00 CNY GDP (QoQ) (Q1)   1.5% 2.6%
03:00 CNY GDP (YoY) (Q1)   18.9% 6.5%
03:00 CNY Chinese GDP YTD (YoY) (Q1)     2.3%
03:00 CNY Industrial Production (YoY) (Mar)   17.2% 35.1%
03:00 CNY Chinese Industrial Production YTD (YoY) (Mar)     35.1%
03:00 CNY Retail Sales (YoY) (Mar)   28.0% 33.8%
03:00 CNY Chinese Retail Sales YTD (YoY) (Mar)     33.78%
03:00 CNY Chinese Unemployment Rate     5.5%
03:00 CNY NBS Press Conference         
07:00 GBP Car Registration (YoY) (Mar)     -35.5%
07:00 EUR Italian Car Registration (YoY) (Mar)     -12.3%
07:00 EUR Italian Car Registration (MoM) (Mar)     6.7%
07:00 EUR German Car Registration (YoY) (Mar)     -19.0%
07:00 EUR German Car Registration (MoM) (Mar)     14.5%
07:00 EUR French Car Registration (MoM) (Mar)     5.0%
07:00 EUR French Car Registration (YoY) (Mar)     -20.9%
07:30 CHF PPI (YoY) (Mar)     -1.1%
07:30 CHF PPI (MoM) (Mar)     0.3%
09:00 EUR Italian Trade Balance (Feb)     1.587B
09:00 EUR Italian Trade Balance EU (Feb)     -0.19B
10:00 GBP BoE MPC Member Cunliffe Speaks         
10:00 GBP BoE MPC Member Cunliffe Speaks         
10:00 EUR Core CPI (YoY) (Mar)   0.9% 0.9%
10:00 EUR Core CPI (MoM) (Mar)   0.3% 0.1%
10:00 EUR CPI (MoM) (Mar)   0.9% 0.2%
10:00 EUR CPI (YoY) (Mar)   1.3% 1.3%
10:00 EUR CPI ex Tobacco (YoY) (Mar)     0.8%
10:00 EUR CPI ex Tobacco (MoM) (Mar)     0.2%
10:00 EUR HICP ex Energy & Food (YoY) (Mar)   1.0% 1.2%
10:00 EUR HICP ex Energy and Food (MoM) (Mar)   0.8% 0.1%
10:00 EUR Trade Balance (Feb)     6.3B
11:00 EUR Eurogroup Meetings      
12:30 INR FX Reserves, USD     576.87B
13:15 CAD Housing Starts (Mar)   250.0K 245.9K
13:30 USD Building Permits (MoM) (Mar)     -8.8%
13:30 USD Building Permits (Mar)   1.750M 1.720M
13:30 USD Housing Starts (Mar)   1.613M 1.421M
13:30 USD Housing Starts (MoM) (Mar)     -10.3%
13:30 CAD Foreign Securities Purchases (Feb)     1.27B
13:30 CAD Foreign Securities Purchases by Canadians (Feb)     3.54B
13:30 CAD Wholesale Sales (MoM) (Feb)   -0.4% 4.0%
15:00 USD Michigan 5-Year Inflation Expectations (Apr)       2.70%
15:00 USD Michigan Consumer Expectations (Apr)     83.6 79.7
15:00 USD Michigan Consumer Sentiment (Apr)     89.6 84.9
15:00 USD Michigan Current Conditions (Apr)     96.3 93.0
15:00 USD Michigan Inflation Expectations (Apr)       3.1%
18:00 USD U.S. Baker Hughes Oil Rig Count     337
18:00 USD U.S. Baker Hughes Total Rig Count     430
20:30 GBP CFTC GBP speculative net positions     20.0K
20:30 USD CFTC Aluminium speculative net positions     3.5K
20:30 USD CFTC Copper speculative net positions     43.0K
20:30 USD CFTC Corn speculative net positions     536.2K
20:30 USD CFTC Crude Oil speculative net positions     511.7K
20:30 USD CFTC Gold speculative net positions     189.5K
20:30 USD CFTC Nasdaq 100 speculative net positions     -9.4K
20:30 USD CFTC Natural Gas speculative net positions     -51.6K
20:30 USD CFTC S&P 500 speculative net positions     -45.3K
20:30 USD CFTC Silver speculative net positions     32.3K
20:30 USD CFTC Soybeans speculative net positions     233.8K
20:30 USD CFTC Wheat speculative net positions     11.2K
20:30 CAD CFTC CAD speculative net positions     2.7K
20:30 MXN CFTC MXN speculative net positions     -13.1K
20:30 CHF CFTC CHF speculative net positions     3.2K
20:30 AUD CFTC AUD speculative net positions     4.1K
20:30 BRL CFTC BRL speculative net positions     -26.5K
20:30 JPY CFTC JPY speculative net positions     -58.0K
20:30 NZD CFTC NZD speculative net positions     3.1K
20:30 EUR CFTC EUR speculative net positions     67.5K

VPS hosting for forex trading

Our Virtual Private Server (VPS) is available for all new and existing clients who maintain a minimum balance of $4,000 or equivalent in EUR, GBP or SGD in their account. It allows expert advisors to be installed and operate without interruption 24 hours a day, whenever the markets are open. This is provided in partnership with Beeks FX, a global leader in VPS solutions. If you are a forex trader and would like access to one of the fastest VPS services in the industry, then please complete the short form below to find out more.

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Key Features

  • Free for accounts that maintain a $4,000 balance or equivalent in EUR, GBP or SGD
  • Increases trading speed
  • No required number of lots to be traded
  • 24/7 technical support directly with hosting company
  • Compatible with expert advisors
  • Accessible from anywhere in the world
  • Reduces latency
  • Reduces slippage
  • Improves tick count

Specifications

  • 1152 MB Ram
  • 1 vCPU
  • 17gb HDD
  • Windows 2012 (minimum)

What is a pip?

A pip is the minimum fluctuation of the instrument being priced. At ICM we have introduced 5 digit quotes to allow our clients to benefit from smaller price increments and moves in the market. For instance, Instead of quoting prices with 4 digits, i.e EURUSD 1.3151/1.3153, we quote the pair at a lower spread of 1.3 as 1.31508/1.31524.

What is a lot?

A forex lot is the amount of currency you buy or sell. For example, if you wish to trade $100,000, this is the size of the trade. A forex lot is a representation of trade size in a different format. In this example, a standard lot would represent 100,000 of any currency.

EUR 100,000 = 1 standard lot Euro

ICM offers leverage of 1:200. However, while you can earn profits by using leverage, it can also work against investors. For example, if the currency underlying one of your trades moves against you, leverage will greatly amplify the potential losses. To help reduce the chances of such a scenario occurring, forex traders typically implement a trading style that includes the use of stop and limit orders.

To assist with accuracy, please ensure the numbers entered are in the required format and include the correct amount of digits. For example, if EUR/USD is quoted at 5 digits instead of 4.

Incorrect format: 1.3151/1.3153

Correct format: 1.31508/1.31524

In order to calculate the pivot point you must take the Open, High, Low and Close price located in the MetaTrader 4 platform, by using the 'Crosshair' (the + sign in the top left hand corner) and moving it over the chart.

What is a trailing stop?

A trailing stop causes the level of the stop loss to trail the price level of a buy or sell position. Using a specified algorithm, a trailing stop enables traders to maintain their open position and continue to achieve positive results as long as the price moves in their favoured direction. Once trailing stops have been fixed they do not have to be altered manually, unlike a stop loss.

Will the trailing stop work when I am offline?

When a trailing stop order is being placed, ensure the MetaTrader 4 client terminal is running and that your device is connected to the internet, as it will only remain active when you are online. Once the trading platform is closed, your trailing stop order will be deactivated, and your stop loss order will remain active if placed before the trailing stop.

If you are new to forex trading, micro lots are an ideal way for you to enter a fast-moving and exciting market with a daily turnover of over  $5 trillion a day. In forex trading, the minimum contract size for a micro account is 0.01 of a lot, which is equal to 1,000 units of the base currency.

At ICM, every trader is treated equally irrespective of their deposit size, and we offer this type of trading to all clients, while also being available on both our demo and live MT4 platforms.

We are always looking for new ways to improve your trading environment and offer the highest standards of service. If you have any questions please feel free to get in touch with our Client Services team.

Apply for live account 

Key Features

  • Start and stop following signal providers in a matter of minutes
  • You can stop following a signal provider at any time
  • Follow multiple traders at once to diversify your strategies
  • Trades are directly linked to the client’s own platform and continue to be placed even when they are away from their system
  • Free demo version is available before going live

How to access trading signals

Becoming a signal provider

Advanced ICM traders also have the option to use trading signals. Simply register  here as a ‘Seller’ by completing the registration form. Once complete, you can sell signals to thousands of subscribers around the world. Please note, while there are no registration costs involved, it will take 30 days for your trade history to be reviewed by MetaQuotes before a fee can be added to your service.

Please read our helpful user guide on becoming a signal provider: User guide

Are trading signals secure?

The MetaQuotes software ensures each trade features a digital signature that prevents the trade from being copied incorrectly. Trades triggered by a provider’s signal are duplicated on the subscriber’s account to reflect the money management rules used by the signal provider. Signal providers are paid a fixed monthly subscription fee.

How do I choose a signal provider?

Generally, if a signal provider has performed 100 or more trades it can be viewed as an active account. Clients should be aware of the drawdown percentage, with anything lower than 30% thought to be ideal.

Following signal providers with a steady growth rate is also advisable. However, if the growth rate reaches a high point in a short space of time, they could be trading in a high-risk manner. Finally, you may find that paid signals are more reliable in the long run. If you choose to follow a signal provider who charges a fee to receive their signal, you can have confidence the signal provider has used the 30 day trial period and has subsequently been verified by MetaQuotes, a process all traders must go through if they wish to charge for their signals.

How can I manage my risk with trading signals?

To manage risks treat each one as an individual trade and ensure parameters are also set to mitigate potential risk. Develop a strategy to decide how much of your account will be dedicated to each signal provider. Also ensure the strategy contains an exit plan along with rules of when you will stop tracking each signal.

Disclaimer
MetaQuotes Software Corp. is a respected third party software development company however the information provided should not be considered as trading advice. ICM provides the opportunity for clients to follow trading signals to support clients in their trades, however each Signal Provider should be independently evaluated. ICM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
 

 

cAlgo (cTrader Automate) is an algorithmic trading solution natively integrated with cTrader, working seamlessly alongside all other functionalities of the platform. Traders can build automated trading robots and custom indicators in C# language using the cTrader API, all built from a platform equipped with the tools needed to effectively back test and optimise trading strategies.

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