MetaTrader 4 is a popular trading platform that can be used for Forex, CFDs, and cryptocurrencies. It has an extensive range of market indicators and a custom coding language to automate trades.
It is available for both Android and iOS devices. You can download it from the App Store or Google Play for free.
Table of Contents
MetaTrader 4 is a desktop software program that provides forex and CFD traders with the tools they need to analyze financial markets and perform advanced trading operations. It also allows them to run trading robots and copy trades.
The application is available in more than 30 languages and is compatible with desktop, web, and mobile platforms. Its features include automated trading, indicators, and signals.
Its user interface is easy to use and offers a wealth of information for new users. It provides tutorials, articles, and online training courses that help traders get familiar with its many features.
The app features three types of charts, nine timeframes, 30 technical indicators, and market news. It also has a chat box where traders can interact with each other.
MetaTrader 5 is a multi-asset trading platform that offers advanced financial trading functions and superior tools for technical and fundamental analysis. It also enables traders to automate their trading by using robots or trading signals.
MT5 is best suited for advanced traders, especially those interested in developing algorithmic trading programs and robots. It is a more robust platform that enables seasoned systemic traders to build and test their trading algorithms at a much faster rate than its predecessor, MetaTrader 4.
The mobile app can be downloaded from the Google Play store for Android devices or directly from MetaQuotes. The application allows users to trade Forex, stocks, and futures from any device with an Internet connection. It also enables trading with a demo account and is compatible with all MT5 brokers.
MetaTrader Mobile is a free application for Android and iOS that provides traders with the same functionality as the desktop version. It allows users to analyze quotes and trade in real-time. It also offers a complete set of trading orders and analytical tools.
Traders can place a market order, which is an order executed at the current price, or a pending order, which is a commitment to buy or sell at a specific price in the future. Traders can also use alerts to track their position status and identify favorable moments in the market.
The app includes interactive charts that track currency rate changes in real-time. It allows you to scale and scroll the charts, as well as switch between nine-time frames from one minute to a month. It also offers three types of charts, including bars, candlesticks, and lines.
The MetaTrader app provides a wide range of trading tools and features, making it one of the most popular forex platforms. It’s available on desktop and mobile devices and offers several different charting options, including bar, line, and candlestick charts.
The app also includes financial alerts and news updates that traders can use to keep abreast of market events, interest rate decisions, and geopolitical developments. It has a variety of feeds from leading quote and news providers, including IB Times, Claws and Horns, Alliance News, and Reuters.
Orders are a vital part of the MetaTrader app, with traders able to place both market and pending orders. They can use stop loss and take profit orders to control their trading process, as well as trailing stop orders for increased accuracy.
The MT4 app also includes a trade history function that allows traders to view their open orders, positions, and deals over a specified period. They can customize the appearance of this tab to suit their needs.