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. The first version of MetaTrader was released in 2005. The great advantage of MT4 is its popularity as hundreds of Forex Brokers and thousands of Forex programmers are supporting it. There are many hundreds of EAs and Technical Indicators programmed exclusively for MT4. In a few words, MetaTrader-4 is the clear Forex Industry’s standard platform.

MetaTrader allows full automated Forex trading plus a great variety of trading options. Interactive charts with nine (9) periods, thirty-three (33) analytical objects, and thirty (30) built-in indicators. Trading via MT4 offers extra flexibility and advanced functionality on behalf of 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 any financial instrument including Forex, CFDs, and Futures. Depending on if your broker supports it or not you may trade hundreds of financial assets via MT4 such as Metals, Forex Currencies, Energy, Soft Commodities, Shares, and Stock Indices.

METATRADER-4 TRADING ORDERS

MT4 offers the essential 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 TECHNOLOGY

MT4 provides a decent technological environment with advanced capabilities as concerns automated Forex Trading and Expert Advisors.

Any MT4 Expert Advisor can be developed within the platform’s framework via the use of the programming language MQL4 IDE. IDE stands for Integrated Development Environment and offers the opportunity to easily develop your own custom Expert Advisors and /or Technical Indicator. The MT4 MQL editor is a built-in application and comes with a debugger. The compilation is performed in the MT4 editor and the outcome can be automatically transferred to the main MetaTrader 4 platform where it can be historical back-tested via the Strategy tester.

  • You may publish your EA in the MT4 CodeBase, where millions of Forex traders exchange free MT4 EAs
  • You may 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 SPECIAL FEATURES

MT4 offers almost all the basic features for fast and reliable trading. The only con of the MT4 platform is the way it deals with the size of your trading orders. Money Management is a field that MT4 can 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 the key advantages of MT4 allowing the development and the back-testing of any custom or commercial Expert Advisor and/or Technical Indicator.

 

FOREX BROKERS OFFERING METATRADER-4

MT4 is supported by most Forex Brokers in the world (ECN / STP / DD Brokers). 

Table: ECN/STP Forex brokers
ECN / STP Broker TRADING INFO ACCOUNT INFO ACCOUNT OPENING

AXI

Established: 2007

Regulated: ASIC, FCA UK

  • ECN/STP
  • Min. Spreads: 0.0 pip
  • Commissions: $7/ Round lot
  • Leverage: 1/30
  • Free: VPS: Yes
  • MAM/PAMM: Yes
  • FIX/API: Yes

Promotion: Autochartist, PsyQuation Coaching

Minimum Deposit: $10

  • Fund Methods:

Wire, Cards, Skrill, Neteller, BPay

Account Currencies: Euro, US dollar, Pound Sterling, and 7 more currencies

AXI is a nice place for automated trading offering very tight spreads, good order execution, and safety of trading funds.

 

LQDFX

Established: 2015

Regulated: (N/A)

  • STP
  • Min. Spreads: 1.1 Pip
  • Commissions: No trading commissions
  • Leverage: 1/500
  • Free: VPS: No
  • MAM/PAMM: Yes
  • FIX/API: No

Bonus: 100% Cash Bonus up to $20,000

-You can withdraw it after meeting volume requirements

Min.Deposit: 20 USD

  • Fund Methods:

Cards, Bank Wire, Neteller, Skrill, FasaPay, UnionPay, and Upaid card

A 100% welcome bonus, that you can withdraw.

 
 
 
 

More: » ECN/STP Forex Brokers | » Compare Forex PAMM Accounts

 

MT4 Review

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