MetaTrader 4 (MT4) is a popular electronic trading platform used by online retail forex traders. It was developed by MetaQuotes Software and was released in 2005. MT4 is licensed to MT4 forex brokers who provide it to their clients. It is a comprehensive trading platform that offers advanced charting, technical analysis tools, automated trading, and customizable indicators.
Why Trade with MetaTrader 4
1: User-Friendly Interface
One of the key features of MT4 is its user-friendly interface, which allows traders to easily navigate the platform and access a wide range of trading tools. The platform also provides real-time quotes, which allows traders to monitor the markets and execute trades quickly.
2: Variety of Order Types
MT4 is a versatile platform that supports a variety of order types, including market orders, pending orders, stop orders, and limit orders. It also allows traders to customize their trading strategies using automated trading, where traders can create their own trading robots or use pre-built ones known as expert advisors (EAs).
3: Advanced Charting
Another important feature of MT4 is its charting capabilities. It provides a range of charting tools, including a variety of technical indicators, such as moving averages, Bollinger Bands, and RSI. Traders can also customize the appearance of the charts and add their own custom indicators.
4: Mobile Version
MT4 also offers a mobile application, which allows traders to access their accounts and trade from anywhere, at any time. The mobile app provides real-time quotes, charting capabilities, and the ability to execute trades on the go.
Overall, MetaTrader 4 is a popular and comprehensive trading platform that provides traders with the tools and features needed to trade forex and other financial markets.
Here are some frequently asked questions about MetaTrader 4:
What is MetaTrader 4?
MetaTrader 4, also known as MT4, is a popular electronic trading platform used by online retail forex traders. It was developed by MetaQuotes Software and was released in 2005.
Can I trade other markets besides forex using MT4?
Yes, MT4 supports trading in multiple markets, including forex, futures, and contracts for difference (CFDs).
Is MT4 free?
The platform itself is free to download and use, but forex brokers may charge fees for using their services.
What operating systems are supported by MT4?
MT4 is available for Windows, Mac, iOS, and Android.
Can I use custom indicators on MT4?
Yes, MT4 allows traders to add custom indicators to their charts or use pre-built ones available in the platform’s library.
Does MT4 support automated trading?
Yes, MT4 allows traders to use automated trading through the use of expert advisors (EAs), which are custom trading robots.
Can I use MT4 on my mobile device?
Yes, MT4 offers a mobile application for iOS and Android devices, which allows traders to access their accounts and trade on the go.
What order types are available on MT4?
MT4 supports a variety of order types, including market orders, pending orders, stop orders, and limit orders.
Is MT4 secure?
Yes, MT4 provides a high level of security through the use of encryption and password protection.
Can I use MT4 for backtesting?
Yes, MT4 offers a strategy tester feature, which allows traders to test their trading strategies using historical data.