What is MetaTrader 4?
MetaTrader 4 is considered the best forex trading platform.
It is the best known and appreciated trading software by traders on the Forex market and, in its two versions, MetaTrader 4 and MetaTrader 5, is by far the most used.
With both, it is possible to trade using various strategies practically from everywhere, since the platforms are offered, as well as on desktops and web browsers, even for mobile devices such as tablets or mobiles.
Who uses it? Simple, everyone! Online brokers and banks as well as professional and retail traders.
MetaTrader 4, in fact, satisfies the trading needs of millions of traders who operate on the financial markets every day.
The MetaTrader 4 platform offers ample opportunities for traders of all levels: advanced technical analysis, flexible trading system, algorithmic trading, and Expert Advisor, combine with the possibility of trading from mobile devices.
Market signals further extends the frontiers of the platform allowing to replicate the operations of other traders.
In addition to this, there is the possibility of purchasing Expert Advisors and technical indicators through a special marketplace.
Through the platform it is possible to enter market orders, executed at the best available price and pending orders, including buy limit, sell limit, buy stop and sell stop as well as being able to follow the operations through the trailing stop function.
The quick trading function allows the insertion of trading orders directly from the chart with a single click. The characteristic built-in tick chart provides the trader with a precise method for determining the entry and exit points.
What are the main advantages of the MetaTrader 4 platform?
Wide range of products.
The MetaTrader 4 platform allows the trading of a wide range of products such as currency crosses, CFDs and Forwards.
The platform makes it possible for thousands of traders to operate through a single server. Its slim interface makes it accessible even to less performing devices. A Pentium 4 2 GHz, 512 DDR RAM, and 80 GB hard disk are enough.
In case of damage to historical data, the platform restores the system in a few minutes thanks to the support of a second server.
MetaTrader 4 platform meets the highest security standards. The system is programmed to resist DoS and DDoS attacks, the exchange of data between the customer’s terminal, and finally supports the use of RSA digital signatures.
Furthermore, all the information exchanged on the platform is encrypted with 128-bit keys.
You can rest assured that your accounts are well protected!
Easy to use
MetaTrader 4 is equipped with an impressive series of graphical tools for technical analysis and indicators but thanks to its intuitive interface it will be easy to understand how it works right away.
With the help of the “MultiLanguage Pack”, you can easily integrate any language into the system.
It will only take you a few minutes to familiarize yourself with the platform and start trading.
The platform has a wide range of customizable functions. 9 different time frames, drawing tools, and graphic layouts are combined with dozens of indicators for technical analysis giving the trader the possibility to set the operation according to his most varied needs.
If we add to this the possibility of programming indicators through the MQL4 language, the potential becomes infinite.
In short, with the MetaTrader 4 platform, you will immediately have the feeling of a professional level operation.
Web Trading features
- Trading directly from the web browser.
- Compatibility with Windows, Mac OS, Linux.
- High data protection.
- All types of order execution.
- One-Click Trading.
- 30 indicators and 24 graphical tools for technical analysis.
- 9-time frames, from one minute to one month.
- Market Watch with real-time quotes.
- History of trading operations.
MetaTrader 4 Technical Analysis
The MetaTrader 4 platform offers ample opportunities for analysis.
Each tool can be viewed on 9 different time frames, thus allowing operators to observe price movements in detail.
30 technical indicators and 24 graphical tools allow a complete and detailed price analysis.
By combining these tools in order to identify price trends, determine the key levels of support and resistance as well as the various market cycles, it will allow the trader to open positions with precision and security.
One of the main advantages of the MetaTrader 4 platform is certainly its automated trading function through the use of “robots” called Expert Advisors.
Once configured, these robots will analyse the market in total autonomy in search of the input and output signals set during the programming phase and will also give the possibility of performing backtests on defined time frames so as to realize whether the strategy is optimized or needs further precautions.
It is easy to realise the time savings and accuracy of the results.
How to download an Expert Advisor for trading?
It is possible to download the Expert Advisors, both free and paid, directly from the marketplace on the platform, in addition to these it is possible to download indicators and oscillators programmed and made available by the various users and freelance developers.
However, if you prefer to do it yourself, you will be able to program, test and optimize your Expert Advisors using the MQL4 programming language.
Through the MetaEditor application, it will be possible to program robots of any level of complexity to be used for your trading or to be made available to other users in the marketplace.
MQL4 IDE (Integrated Development Environment) includes:
- The MetaTrader 4 platform.
- MetaQuotes Language 4 (MQL4).
- The MetaEditor – Expert Advisor editor.
- The Strategy Tester – for testing and optimization Expert Advisors.