Arguably one of the most popular trading platforms in the world
Arguably one of the most popular forex and CFD trading platforms in the world, MetaTrader 4 by Metaquotes packs a lot of advanced trading features into a user-friendly and intuitive interface. Built on the powerful MQL4 programming language, MT4 has a very active online community of traders and developers alike.
MetaTrader 4 comes with an impressive array of analytical tools with up to nine time-frames available for each of the assets supported on the platform. With a built-in library of over 50 technical indicators and access to sophisticated analytical tools, traders using MT4 have all the tools they need to identify their trends, and with the use of Advanced order types, entry and exit points are highly definable for all trades. Market Orders, Pending Orders, Stop Orders, Trailing Stops. All these are part and parcel of MT4.
MetaTrader 4 is also highly regarded for its use of charts and the “trading from charts” feature. The use of trade alerts allows for highly accurate tracking of market conditions for any of the assets you might be focusing on with signals configured to suit your particular trading style.
Custom Indicators are the Metaquotes version of technical indicators. These allow the creation of additional indicators, over and above those already integrated into the platform itself. Like the pre-loaded indicators, custom indicators are aimed at technical analysis and are not designed to execute trades automatically.
Security is a fundamental consideration when looking at a trading platform. The EuropeFX MetaTrader 4 transmits information to and from the markets on 128-bit encrypted connections. Extended security is available through the use of Public Key Cryptography, rendering secured information virtually impossible to hacking in any given short period.
The platform is built on the highly versatile MQL4 language which has a huge library of available open source indicators. This makes MQL4 ideal for the creation of automated trading robots (Expert Advisors), making MT4 the platform of choice for traders using these EAs. A vibrant and very active community has built up over the years and a number of EAs are available commercially online.