Trading Platforms
Service MT4

MT4


MetaTrader is a trading software that is most commonly used amongst forex traders as their trading platform. Posing similarly as a connecting channel between currency trading systems and your computer (or mobile device), and so MetaTrader is the link. Let’s take a look at the MetaTrader in review.

 

There are two versions of the MetaTrader Platform:

 

1.    MetaTrader 4

 

2.   MetaTrader 5

 

 

Either platform you choose, one can run multiple platforms where you will not experience a lagging effect on your server or computer. The software is light and will not overload the systems in place, making for fast trading and immediate executions, a must when trading on the volatile markets.

 

Why trade with the MetaTrader Platform?

 

Besides being easy to download and install, MetaTrader has many trading capabilities and features which other trading platforms lack. Follow instrument price fluctuations and examine the trading charts and graphs, while plotting the trends to locate your planned trades. The platform showcases and supports the following graphs: Candlestick, Heikin Ashi as well as Renko charts.

 

Setting up your trading orders is simple and predefined stop losses and targets are executed immediately. The trailing stop loss and pending orders are just as easily accessed.

 

Expert advisors (EA’s) can automate your trading by using scripts that are uploaded to the platform and the instructions of the scripts are easily carried out. Saving you the hassle of being close to your computer or missing out on a trading opportunity.

 

Learn from your mistakes, the platform offers a functionality of convenience to view your trade history:

 

Download your historical trading data per currency pair

 

Create / request detailed reports on the positions you take

 

Track past charts and graphs to keep a summary of trends per instrument

 

With these features the Metatrader 4 is really enough for forex trading however for more advance strategies the MetaTrader 5 would be the alternative option.

     

MetaTrader 4 in forex trading

 

MetaTrader 4 (MT4) is the world’s most popular trading platform that offers all you need for online trading on one interface. On the single platform you will find a powerful combination of analytical technologies and leading trading tools that allow traders to implement even the most complex trading strategies.

 

 

The MQL Language:

 

Developed by MetaQuotes Software Corp. the MetaQuotes Language is a script that is built-in for programming specific trading strategies. The purpose of the way these scripts are written is to easily facilitate automated trading as well as customize technical indicators, libraries and scripts.

 

One can also analyze large amounts of information and assists users in orientating themselves easily in the expert systems.

 

Each program (pertaining to MetaTrader 4 and MetaTrader 5) has different features and purposes:

 

MQL4 and MQL5

 

Expert Advisors:

 

An algorithmic trading system that links directly to the internal charting. Allowing the system to run when an event happens in real time, or remind you of a planned event.

 

Custom Indicators:

 

In addition to technical indicators already written into the system, you can write your own technical indicators independently.

 

Scripts:

 

Scripts are imposed when traders want a single execution in an action. They are only acceptable for the start of an event and cannot process any other trade actions.

 

Library:

 

This is a set of custom functions that is intended to store and distribute the same used parts of the program.

 

MetaTrader 4 vs MetaTrader 5

 

The relatively recently launched MetaTrader5, is not that much different from its prototype MT4, even though it is advertised as substantially more advanced. The features you will find are: more advanced charting systems as well as deep analytical tools. Even though the MT4 is more than enough of a platform for the forex trader, if these two functions will improve your trading skills then MT5 would be the way to trade. MT4 is still the most widely used and downloaded platform and traders are satisfied with its current abilities, hence not feeling a need to change / upgrade.

 

Feature

 

    MT4

 

MT5

 

 Availability to brokers

 Very popular 

Less popular

 

User-friendly and easy to navigate

 

 Extremely easy

Has a level of complexity

 

Roll-over and Hedging

 

Possible

Unavailable

 

Programming Language used

 

MQL4

MQL5

 

Number of order execution types

 

3

4

 

Number of Pending Order Types

 

4

6

 

 

Why trade with AvaTrade and MT4:

 

There are a number of reasons that thousands of traders have chosen to trade with AvaTrade, offering the MT4 is very well one of them among others:

 

High Leverage and Bonus

 

Leverage up to 400:1, we also offer users a variety of rewards. The leverage is one of the highest ratios that regulated brokers in the industry can offer.

 

Fully Regulated Broker

 

With multiple awards being won, amongst the 2015 and 2016 Best broker, we also boast over 10 years of industry experience and have a presence in over 150 countries

 

More Markets

 

Over 250 assets to trade on. Variety of the most popular instruments including forex, commodities, indices, bonds, ETFs and individual stocks trading

 

Deep Analysis

 

Enjoy more than 30 advanced charting & analytical tools, including trading strategy back-testing on the MT4

 

Automated Trading

 

EA compatible, giving you free access to thousands of auto trading strategies. Additionally, there’s an option to upload your developed or purchased trading robots to take your trades automation to the next level.

 

Flexible Conditions

 

Competitive spreads to trade on the most popular assets in the industry.

 

Mobile Trading

 

Trade MT4 on your tablet or mobile phone with our free Android & iOS trading apps

 

Full Support

 

Get free daily market analysis, quality education materials and live multilingual support 24/5 when the markets are at their best.

 

Trade with AvaTrade and open MetaTrader 4 account today for instant market access.

 

Trading CFDs entail risk and could result in the loss of your capital, not suitable for all investors