Enhance your trading experience with MetaTrader 4

Millions of traders choose the MetaTrader 4 platform to trade in the market. The platform offers plenty of opportunities for traders of all skill levels. These include advanced technical analysis, flexible trading system, algorithmic trading and Expert Advisors, and also mobile trading applications.

Learn about the main features and advantages of the MetaTrader 4 platform.

The MetaTrader 4 trading platform

MetaTrader 4 was developed by MetaQuotes in 2005 and is the most convenient platform for trading financial assets online. MetaTrader 4 is the best platform for technical analysis and trading in the markets as it provides everything a trader needs to view real-time currency prices, place orders and manage positions.

Advanced Technical analysis

Forex technical analysis is based on detecting certain trends and patterns which are shown as figures or shapes on symbol charts.

Make informed decisions with a variety of indicators

Technical analysis tools on MetaTrader 4 consist of 30 built-in indicators, 2000+ free custom indicators and 700 paid ones. These indicators allow you to analyse markets of all levels of complexity. There are also 24 graphic objects to forecast future price dynamics.

9 time-frames and unlimited charts

Each symbol can be shown in 9 time-frames from one minute (M1) up to a monthly one (MN). These allow traders to see the price dynamics in detail and use a combination of these tools to identify trends and determine entry and exit points. With so many analytical capabilities of MT4, you can analyse market movements to identify the best time to trade.

Flexible trading system

You can implement trading strategies of any complexity with the MetaTrader 4 trading system. By combining different types of market, pending and stop orders and using a trailing stop, you can perform trades regardless of the current market situation.

The platform supports 3 trade execution modes, including instant execution, as well as 2 market orders, 4 pending orders, 2 stop orders and a trailing stop function.

Market orders are used for instant execution while pending orders are to be performed in the future when the market situation meets the specified conditions.

Algorithmic Trading

Algorithmic trading, or automated trading, is one of the MT4 platform’s most powerful features. Automated trading is a sophisticated method to trade the markets.

The automated trading features enables trading with the help of automated trading robots known as Expert Advisors. Expert Advisors can analyse currency quotes and execute trading operations, relieving traders from routine trading and market analysis.

Another advantage of algorithmic trading is backtesting which tests trading strategies for previous time periods. Backtesting applies trading rules to historical market data and helps traders evaluate the efficiency of different trading ideas. With proper backtesting, traders can assess and improve trading ideas, which they can apply after in their own trading practices for better results.

Expert Advisors

Expert Advisors are programs in the terminal that have been developed in MetaQuotes Language 4 (MQL4) and used for automation of analytical and trading processes. They perform prompt technical analysis of price data and manage trading activities on basis of signals received. All the routine work of technical analysis and trading can be carried out by Expert Advisors.

Mobile trading applications

Traders using the MetaTrader 4 on iOS and Android mobile applications can enjoy powerful functionality to trade forex anytime and anywhere in the world. The functionality offered on the mobile versions is very similar to the desktop version of MT4 and includes interactive quote charts, full set of trading orders and the most popular analytical tools. You have complete control over your trading account, you can track the history of trades, as well as buy and sell financial instruments in a single click. The mobile apps also provide additional features such as convenient chat with other traders and push notifications.

DISCLAIMER:This information is not considered as investment advice or an investment recommendation, but is instead a marketing communication

Location: United Kingdom

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