Compare Automated Trading Platforms

What is a Trading Platform?

A trading platform is a software application that enables traders to open, close, and alter positions through a financial broker. A trading platform can be either a web-based application or software installed on desktop/mobile devices. Most trading platforms are free software, but in some cases, platform providers or brokers may charge a fee.

What is Automated Trading?

Automated trading is a method of trading the global financial markets based on a combination of computer software and hardware. Automated trading is a sophisticated branch of systematic trading and all automated trading systems are systematic.

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MetaTrader 4 Platform

 
MetaTrader 4 Platform Review 
MetaTrader4 (MT4) is the 4th platform designed by MetaQuotes Software Corporation and it was released during 2005. MT4 is certainly one of the most popular trading platforms in the world. MT4 is by more Forex brokers than any other manual or automated trading platform. It is also considered as a highly reliable and secure trading platform.
 
MetaTrader 4 Basic Features
-MetaTrader 4 is designed to be used in Forex, Futures and CFD markets.
-Both manual and automated trading is available.
-MetaTrader4 provides a wide variety of financial instruments, databases and data feeders.
-MetaTrader 4 provides also multi-currency and multi-language support.
-The MT4 platform includes API (Application Program Interface) which enables high functionality and integration with any other trading systems
-A wide number of plug-ins designed to improve the platform operation.
 
MetaTrader 4 Basic Structure
MT 4 is a full-cycle trading platform that contains back-office components but also front-end terminals. In that way, no additional software is needed and the whole system works online. MT4 Server is found in the center of the trading system where all trade transactions are processed and all historical data is managed. MT4 Client Terminal is the main trading tool that provides traders the ability to execute a transaction, to perform technical analysis and to use Expert Advisors.
 

MetaTrader-5 Platform

 
MetaTrader-5 Platform Review
 
MetaTrader5 (MT5) is the 5th platform of MetaQuotes and enables trading on Forex, options, and stock-markets. MT5 offers a wide variety of tools to analyze price dynamics and to use automated trading programs (trading robots or Expert Advisors).

The Basic Features of MetaTrader-5
 
-MT5 provides more than 79 analytical tools like graphic objects and technical analysis of quote dynamics.
-MT5 tools include technical analysis, fundamental analysis, alerts, automated programs, and multi-currency strategy tester.
-MetaTrader 5 Trading Platform includes several sets of indicators like MACD, Bolinger Bands, Moving Averages and Parabolic SAR.
-21 timeframes available for each market security.
-MT5 offers the ability to open up to 100 charts at the same time.
-MT5 enables the use of free Code Base or the creation of personalized technical indicators using MQL5 language.
-The Metatrader5 platform provides four (4) main types of order execution: Instant, request, market and exchange execution. All of these orders contain market orders, pending orders, and stop orders.
 
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