MetaTrader-4 Review

✨ METATRADER-4 (MT4) REVIEW

◙ FOREX TRADING PLATFORM: MT4

◙ MARKETS: FOREX | METALS | ENERGY | STOCKS | INDICES

◙ EXPERT ADVISORS: YES

◙ METATRADER-4 MOBILE TRADING: YES

◙ METATRADER-4 SOCIAL TRADING: YES

◙ METATRADER-4 CHARTING: Medium Charting Capabilities

◙ LEVEL OF EXPERIENCE: Semi-Advanced Traders | Advanced Traders | Professional Traders

◙ COST: Free Software

🔰 INTRODUCTION TO METATRADER-4

MT4 is a free electronic trading platform developed by MetaQuotes, with the first version released in 2005. Its major advantage is popularity—hundreds of Forex brokers and thousands of programmers support it. There are hundreds of Expert Advisors (EAs) and technical indicators designed exclusively for MT4. In short, MetaTrader 4 is the clear industry standard in Forex trading platforms.

MetaTrader allows fully automated Forex trading along with a wide range of trading options. It features interactive charts with nine (9) timeframes, thirty-three (33) analytical objects, and thirty (30) built-in indicators. Trading on MT4 offers extra flexibility and advanced functionality for every Forex trader.

• Interactive charts covering nine (9) time periods
• Thirty-three (33) analytical objects
• Thirty (30) built-in indicators

🧑‍💻 Downloads: » Windows | » Mac OS | » Linux

🪙 METATRADER-4 ASSET CLASSES

MT4 can trade a wide range of financial instruments, including Forex, CFDs, and Futures. Depending on your broker’s offerings, you may trade hundreds of assets through MT4, such as metals, Forex currencies, energy, soft commodities, shares, and stock indices.

• Forex Currencies: MT4 is renowned for its Forex trading capabilities, allowing traders to speculate on currency pairs ranging from major pairs like EUR/USD and GBP/USD to exotic pairs involving emerging market currencies.

• Metals: Many brokers offer precious metals such as gold, silver, platinum, and palladium as CFDs on MT4, providing traders the opportunity to capitalize on price movements in these commodities without owning the physical asset.

• Energy Commodities: Energy products like crude oil, natural gas, and heating oil are frequently available for trading on MT4. These instruments enable traders to participate in one of the world’s most vital economic sectors.

• Soft Commodities: Agricultural commodities, often referred to as soft commodities, such as coffee, cocoa, sugar, and cotton, may also be accessible as CFDs on the platform, allowing traders to engage in these markets with ease.

• Shares (Stocks): Through CFDs, MT4 users can speculate on the price movements of individual company shares from major global stock exchanges. This feature opens opportunities to trade popular stocks from sectors like technology, finance, healthcare, and more.

• Stock Indices: Instead of trading individual stocks, traders can choose to trade stock indices, which represent the aggregated value of a selection of stocks, such as the S&P 500, NASDAQ, FTSE 100, and DAX. This allows exposure to broader market trends with a single instrument.

🖥️ METATRADER-4 TECHNOLOGY

MT4 offers a robust technological environment with advanced features for automated Forex trading and Expert Advisors.

Any MT4 Expert Advisor can be developed within the platform using the MQL4 IDE (Integrated Development Environment). This environment allows you to easily create custom Expert Advisors and technical indicators. The MT4 MQL editor is built-in and includes a debugger. Compilation is done within the editor, and the result can be automatically transferred to the main MetaTrader 4 platform, where it can be back-tested historically using the Strategy Tester.

You can publish your EA in the MT4 CodeBase, where millions of Forex traders share free MT4 EAs, or sell your EA in the MT4 Market.

📱 METATRADER-4 MOBILE TRADING

MetaQuotes provides an MT4 Mobile App for iOs and Android. The MT4 mobile app includes charts, technical analysis tools, and a full set of trading orders. With the MT4 mobile app, you may keep up with the latest Forex market news and events and analyze Forex quotes and trade 24/5.

• iPhone and iPad
• Android

Downloads: » iPhone/iPad | » Android

🧾 METATRADER-4 TRADING ORDERS

MT4 offers all the basic trading orders including Market & Pending orders:

• Two (2) stop orders and a trailing stop
• Two (2) execution modes
• Two (2) market orders and four (4) pending orders

🗐 METATRADER-4 SPECIAL FEATURES

MT4 offers nearly all the essential features for fast and reliable trading. The main drawback is how it handles the size of trading orders. Money management is an area where MT4 could be further optimized in the future.

(1) Trading in Charts / 1-Click-Trading

(2) Strategy tester for back-testing any MT4 Expert Advisor

(3) Tick chart and Interactive Charts (9 periods)

(4) Full Record of Trading history

(5) Thirty (30) built-in indicators

(6) Thousands of EA providers and thousands of free trading strategies available

(7) Financial Alerts and Live News

⚙️ METATRADER-4 FOREX ROBOTS (EXPERT ADVISORS)

Automated Forex trading is one of MT4’s key advantages, enabling the development and back-testing of custom or commercial Expert Advisors and technical indicators.

ForexRobots.net