MetaTrader 4, the Most Popular Trading Platform

MetaTrader 4, or MT4, is the world’s most popular trading platform for retail investors, providing all the tools necessary for trading.

MT4 is widely used by forex retail traders for trading forex and analysing financial markets. It offers various technical analysis tools, a flexible trading system, algorithmic trading, Expert Advisors (EAs) and mobile trading applications.

In this article, we will look at the main features of the Metatrader 4 platform and why it is considered to be the most popular trading platform.

Tentang Metatrader 4

MetaQuotes developed the MT4 platform in 2005 and it is the most convenient platform for trading financial assets online. It provides real-time rates on currencies, and traders can place orders and manage positions. The platform is also user-friendly and offers highly customisable web and mobile platforms to suit all trading styles and levels of experience.

Why is MetaTrader 4 such a popular trading platform?

The MT4 trading platform provides all the essential tools that traders need for successful online trading.

Here’s what makes MT4 a popular platform:

User-friendly interface

The MT4 platform is suitable for both beginners and experienced traders due to its simple interface. It features powerful functionality, and traders can easily access all the relevant tools such as prices, indicators and charts.

Reliability

One of the key features of MT4 is its stable performance. Tested by hundreds of thousands of traders over many years, the platform is a very reliable choice for traders who understand that even a moment of downtime can affect their profit.

Expert Advisors

The introduction of Expert Advisors was one of the most powerful innovations for the MT4 platform. Expert Advisors can be used on the MT4 platform to automate trading processes, enabling traders to develop, test and apply Expert Advisors and technical indicators.

Easily Accessible

Traders can download MT4 on Windows, Android and any web browser in just a few easy steps. They can just log in to their trading account and manage their positions on their mobile device anywhere at any time.

The MetaTrader 4 download option allows traders to easily download and install the platform and select whether they will log in with an existing account or open a new one.

MT4 trading system

The MetaTrader 4 trading platform supports three trade execution modes, as well as two markets, four pending, and two stop orders, plus a trailing stop function. With just one click, traders can send orders directly from the chart. The built-in tick chart feature provides a precise method for determining entry and exit points. Due to MT4’s feature-rich environment, traders can implement different trading strategies in the forex market.

MT4 analytics

Analytical functions are a powerful feature of the MT4 platform. MT4’s technical analysis tools consist of 30 built-in technical indicators and 24 graphic objects. With these tools, traders can identify trends and determine entry and exit points.

MT4 algorithmic trading  

Algorithmic trading, or automated trading, is one of the most powerful features of MT4 as it enables trading with the help of Expert Advisors (automated trading robots). A trading robot is a program that uses technical signals to execute trades.

Another great advantage of automated trading is conducting trades mechanically based on traders’ settings, so it takes away the emotional factor from trading which may negatively affect investment decisions.

Also, backtesting is another benefit. Backtesting is a way of testing a trading strategy on previous time periods and applying trading rules to historical market data to help traders assess the efficiency of different trading ideas. Therefore, traders can evaluate and improve trading ideas, which they can apply later in their own trading practices. 

Trade on MetaTrader 4 with Mac

If you’re a Mac user, you can download MT4 platform on your Mac computer and enjoy the same features and functionality of the MT4 for Windows customised for usability on your MacOS device. On your Macbook, you can perdagangan valas, shares, commodities CFDs and any other instrument on MT4 and experience trading with flexible leverage and no re-quotes.

How to trade forex with MT4

1. Download and install the MT4 platform.

2. Login with an existing account or buka akun baru.

3. Choose a forex broker.

4. Enter your real or demo account login credentials (username and password provided in your welcome email).

5. Start trading.

Download MT4 for forex trading with IronFX 

IronFX is a global leader in online trading. MetaTrader 4 is free and you can download the platform from IronFX’s official website. You can also download the MT4 trading platform directly from the MetaQuotes website.

IronFX’s MetaTrader 4 trading platform enables traders to implement different strategies as well as benefit from lots of other features. You can also access more than 500 tradable instruments on 6 asset classes including forex, shares, indices, futures, commodities and metals. Plus, you can choose from a range of account types to suit your trading preferences and benefit from exceptional trading conditions such as flexible leverage, competitive trading conditions and low spreads.

Enhance your trading with IronFX

Learn more about trading forex with IronFX’s extensive range of educational videos and informational articles online. These resources and many others can be found on IronFX’s website under the Sekolah IronFX atau Blog sections. Start your trading journey with a leading broker today!

Disclaimer:

This information is not considered investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced or hyperlinked, in this communication.