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 4 server is able to serve over 10,000 multiple accounts simultaneously. The server is capable of processing dozens of different financial instruments with quotes history going back many years.
Automated Trading with MetaTrader 4
MetaTrader 4 client terminal is designed on MetaQuotes Language 4 Integrated Development Environment (MQL4 IDE) which incorporates:
-MetaQuotes Language 4 (MQL4)
-MetaEditor (compiler and editor of Expert Advisors)
-Strategy Tester (testing and optimization of Expert Advisors)
The client terminal includes a built-in editor and compiler and provides traders with free software, data, articles and help. According to Yahoo, there are 12,000 members devoted to developing free software for MetaTrader. A number of developers have compiled software bridges providing integration with other financial trading systems for automatic hedging of positions.
Basic Steps for Automatic Trading using MT4 or any other Platform
Before you start automated trading you should:
3) Train on a Demo account before trade real money
4) Learn how to read statistics
5) Learn about MT4 EA accuracy but also about EA Win/Lose ratio.
6) Be able to identify and manage overall trading risk
Automated Trading Championship
Each year hundreds of MT4 developers participate in the MetaTrader4 Automated Trading Championship to showcase their results.
MetaTrader 4 Free Download
Minimum MT4 Requirements:
- Microsoft XP/Vista (or higher)
- 1Ghz processing speed
- 512 MB of RAM and 100 MBÂ free hard disk space
- Monitor 1024x768 (recommended 1280x1024)
- Internet Explorer 5.0 or higher
Download Meta Trader 4 for mobile devices
MetaTrader 4 supports all popular mobile devices as iPhone, Android, PDA and Windows Mobile. MetaTrader4 mobile platform provides functional Forex trading using 30 technical indicators.
MT4 Forex Brokers
These are some Forex brokers offering MetaTrader-4:
MT4 Expert Advisors
Forex Robots specially designed for MT4: