MQL Suite FABIO LA ROSA CEO of MQL Suite.
Q How did you get into FX? I approached Forex out of curiosity. My father used to invest in stocks and got excellent results. I too have always been attracted by this possibility of gain and, given the results obtained by my father, at a certain point I decided to try. So, I started studying. I attended various professional courses that allowed me to refine the techniques related to Fibonacci and price action studies. My operational strategy is largely based on these studie but, in time, I created my own personal version based on the observation of price dynamics and the highlighting of sensitive levels, usually ignored by most traders. I developed my own trading system based on the observation of percentage yields, not only the daily ones, but also those of the larger periods such as the quarter, the semester and the year, which are too often overlooked by retailers, but very important for the institutional traders. Q Can you describe MQLSuite to the readers? MQL Suite is a set of tools that improve the Metatrader4 platform. All the experiences I gathered with professional platforms have flowed into them. I have invested heavily in professional software, because I firmly believe that the first step in really learning to trade like a professional is to have the right equipment. Now, the Metatrader is by far the most used platform by retailers and I find it really inconceivable that people strive to learn and to make their investments work using a software that is poor in resources. Personally, I chose to use the Metatrader platform because the features of the CFD are better suited to my operational style, which is essentially very dynamic. Above all, the possibility of using micro-lots was very useful in order to refine the right money and risk management techniques. Of course, as I had grown accustomed to professional softwares, in the beginning I found the Metatrader platform very uncomfortable. I’m familiar with a bit
GAME CHANGERS Issue #19
of programming, but the meeting with Chantal Sala was a real godsend. Chantal is our developer: I am the mind and she is the arm that shaped all my ideas. First we made the Metatrader platform navigation smoother, then we created institutional time-frames, and then the various panels, dashboards and Expert Advisors. Many of the tools contained in MQL Suite were created for my personal use, to help me better analyze the market. Then, having noticed that many traders who had tried my tools appreciated them a lot, I realized that I could build a business. I put my tools at the disposal of all retail traders. The beauty of it is that traders don’t have to pay anything to get them, because I chose to work with brokers rather than to focus on direct sales. Q What value can it add to a brokerage? MQL Suite represents a major competitive advantage for the brokers, both in the acquisition of new leads and in the retention phase. So far, the competition between brokers has focused on reducing commissions or spreads. But now these marketing techniques are outdated. The broker today needs to offer its customers a innovative and high-quality products that will allow them to really make a difference. MQL Suite is all this. MQL Suite is a package of analysis tools that allow the Metatrader platform to compete with the most advanced professional softwares. And a trader who works with the right tools is a more profitable trader. Which broker does not want its customers to be profitable? Q Italy has always been a very popular market. What makes it this way? Italy is a nation of bankers and merchants, the first stock exchange was founded in Trieste in 1775. Italians are savers and have always been very careful about their investments and the various possibilities of monetization. In recent years, interest in online trading has grown a lot, thanks to a wider accessibility of the markets and the possibility of generating profits. Italians are also very demanding and very attentive to the quality of their analytical tools, so the appreciation that MQLSuite is getting has filled me with pride.
