HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
XM information and reviews
XM
82%

MT4 Features and Trading Advantages


MetaTrader 4 is a favourite platform for traders accessing a wide range of financial markets. As of 2021, more than 80% of brokers worldwide offered MT4 to their clients and the platform had an estimated user base of more than 8 million traders. As a feature-rich platform, traders can perform various trading activities, including charting, technical analysis, market monitoring, and automated trading with Expert Advisors.

What is the MetaTrader Platform?

MetaTrader is trading software offered by many recognised brokers, free of charge, allowing traders to access a range of financial assets on their desktop or mobile devices. WebTrader is the web-based version which requires no downloads. MT4’s software is lightweight and allows for fast trading and instant execution which is paramount when trading in a volatile market such as forex.

Why trade on the MetaTrader 4 platform?

MetaTrader 4 has many trading features that you won’t find anywhere else. From tracking the price movement of financial instruments to implementing complex strategies and research, MT4 is a great trading platform. The platform supports the following chart types:

MetaQuotes Language 4

MetaQuotes Language 4 (MQL4) is a fast, flexible and effective programming language for developing trading strategies. These strategies allow traders to create a wide range of useful instruments to enhance their abilities when trading forexes such as trading robots, technical indicators, scripts, and function libraries for use on the MT4 trading platform.

MQL4 is an object-oriented programming language for the development of trading robots and technical indicators. Because of the operation speed and flexibility of the language traders can easily develop complex programs and manage almost all Expert Advisor and indicator parameters.

Traders can use MQL4 to develop various programs for analysing the markets and for trading automatically.

MT4 Features

MetaTrader 4 is a platform for trading Forex, analysing the financial markets and using Expert Advisors. The platform offers a wide range of features to traders of all different skill levels: advanced technical analysis, flexible trading system, algorithmic trading and Expert Advisors, as well as mobile trading applications.

Signals and Market

MetaTrader 4 provides access to some additional features and services such as the Signals and the Market. The Signals service allows you to copy trades, while the Market is an online marketplace from where you can buy Expert Advisors and Technical indicators.

The MetaTrader 4 trading system

Traders can execute complex strategies easily with a range of tools. From the Market and pending orders to instant execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history, MT4 makes trading flexible and convenient.

Traders can use:

The MetaTrader 4 analytics

Analytical functions are one of the biggest advantages of the platform.

Online quotes and 9-period interactive charts let you explore quotes and react quickly to price changes. 

23 analytical objects and 30 built-in technical indicators

With more analytical options such as the free Code Base and built-in Market where you can access thousands of indicators, you can instantly detect and react to market movements.

The MetaTrader Market

From MT4, you can access the Market where you can find a wide variety of Expert Advisors or the latest technical indicator to choose from. You can buy trading robots or indicators and launch them within the platform.

Algorithmic trading

All the work is done automatically, as almost any trading strategy can be implemented by an Expert Advisor. Trading bots can control both trading and analysis, freeing you from everyday market analysis. MetaTrader 4 provides a complete environment for developing, testing and optimising algorithmic/automated trading programs. You can use your own applications, publish them in free code libraries, or sell them on the market.

Mobile trading

If you move a lot and are very busy, you will want to know you can trade from anywhere. Smartphones and tablets are essential in trading and many traders prefer these devices as they can trade on the go, 24 hours a day. Traders can use the mobile versions of MetaTrader 4 on their Android devices or their iPhone/iPad to trade in the financial markets. The mobile trading platform’s functionality is impressive with full support for the trading functions, and a wide range of analytical capabilities with technical indicators and other graphical objects.

Alerts and financial news

With MT4, traders have access to the latest financial news while alerts can inform you about certain events so you can prepare and make the right trading decisions.

Advantages of MT4 at a glance:

Cons of MT4

MT4 has some downsides that traders may need to consider. Some users report difficulty when customising the platform to their needs, as they need to have some programming knowledge. Others have criticised the platform as better suited to businesses and brokerages than individual traders. Recent platform updates have been widely discussed among traders. In contrast, some traders have complained that adjusting certain structures such as Fibonacci charts and trend lines has become complicated due to the way the database is organised.

While some drawbacks exist, MT4 remains the standard in online trading and the most popular online trading platform. IronFX offers access to MetaTrader 4 which can be easily downloaded on Windows, Android devices, macOS, and iOS devices and is accessible online without any downloads via the WebTrader.

#source


RELATED

The most famous stock traders and their trading tips

Who is the most successful day trader in the world? Who are the most famous stock traders on the planet? They come from different backgrounds with different career paths. But one is for sure...

What Is A Short Position?

In exchanges, one earns not only on the rise but also on the collapse of quotes. This amazing strategy is used by "bears" - traders who make money on the "sinking" of securities and other assets...

Safest Forex Brokers: Prioritizing Security and Trustworthiness

When it comes to choosing a forex broker, safety and security should be paramount in your decision-making process. The reputation and security measures implemented...

Correlation, Portfolio Returns, and Strategic Hedging

The dance of correlations within a portfolio is a crucial subject for both experienced and budding investors. At the heart of investment strategies, understanding correlation not only protects the portfolio...

Seven Crucial Forex Trading Rules to Live By

As a forex trader, your main goal is to take advantage of market opportunities by buying and selling major currency pairs. But forex trading is no walk in the park. While it’s one of the most popular ways to invest...

How to forecast forex?

There are many articles telling about randomness and abruptness of forex. Some traders believe that it is impossible to predict anything in the market. Such authors try to persuade...

Seven essential cybersecurity tips for international travel

Cybersecurity measures should be on top of the what-to-bring-with-you list when preparing for travel, either for business or for tourism. OctaFX security experts give seven crucial cybersecurity tips to keep your data and finances safe while on the go...

Federal Funds Rate vs Discount Rate

In 1913 the USA government passed a law, according to which...

Navigating the Nuances of Price Providers: An In-depth Analysis

In the intricate world of financial markets, the manner in which major institutions process ever-evolving market conditions is intricate and diverse...

Trading and Investing Amid Soaring Inflation: A Comprehensive Guide

In the ever-fluctuating world of finance, one's ability to pivot and adjust strategy during turbulent times is a crucial skill. When inflation spikes and the economic climate shifts, the art of trading and investing becomes even more vital...

Portfolio Diversification: What Benefits Can a Forex Trader Get by Using it?

Collect as many eggs as you can, and don't put them all in one basket - a fundamental principle of a wise trader. Trading is a big road where you can face sharp turns and bumps...

How to grow from newspaper seller to MT indicator creator

Are you trying to find motivation and change your life? It's a sign for you to start acting! If a boy from a large, almost penniless family managed to live a better life...

Six Key Behaviors for Traders When Selecting Stocks

In a financial landscape riddled with complexity, especially in forex markets influenced by global economic fluctuations, many traders are turning to the more research-focused domain of stock trading...

Tips for managing risk in forex trading with CFDs

Whether you are a beginner trader or more experienced trader, you will need to ensure that you have the right risk management plan in place to limit losses...

Mastering Bond Trading in 2023: Strategies and Insights

Bonds, often known as fixed income securities, remain a fundamental financial instrument for both governments and corporations, allowing them to raise capital for various projects and operations...

The Evolution of Modern Investment Methods: An Exploration of Copy Trading and PAMM Services

Investment methodologies have traversed an intricate journey, and in today's digitized world, they've undergone a significant transformation. The ubiquity of the internet and cutting-edge computer technologies...

Risk Management Tools and Techniques

Trading on the FOREX market is exciting, but what makes it so exciting is what simultaneously makes it risky - volatility. Certain trading strategies...

The Importance of Fundamental Analysis in Forex Trading

In this article, we discuss the importance of fundamental analysis in forex trading and provide an overview of some key economic indicators.

How to trade forex currency pairs?

Forex gives so many possibilities: a trader can work with shares, commodities, currencies and so on. There is a great diversity in every category, and a trader can choose...

The Gold Standard: A Comprehensive Look into the Advantages of Gold Trading

From ancient empires to contemporary financial systems, gold has long been recognized as a potent symbol of affluence, security, and durability. Its timeless allure has established it as an instrumental asset for traders and investors...

FP Markets information and reviews
FP Markets
81%
RoboForex information and reviews
RoboForex
77%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.