The first MetaTrader platform was released in After several significant improvements and three years of hard work, MetaQuotes Software finally released MetaTrader 4. From onwards, a large number of online brokers adopted MT4 as either their main trading platform or at least an alternative. Because of its flexible interface, many brokers developed MT4 plugins or add-ons to recreate a unique trading environment, backed by a state-of-the-art software architecture.
As it will be seen later on, the success of the MT4 platform depends on a large variety of factors. They include the access to a thrilling market of financial software developers, a fully customizable trading interface and advanced data analysis tools.
As you will be able to see on this screenshot, the MT4 and MT5 platforms are composed of a few basic elements:. By mastering these five building blocks, you will easily be able to start trading on MT4 and MT5. However, these two platforms have a lot more to offer;.
Many traders simply cannot work without MT4 and MT5 because of their advanced data visualisation features. First of all, any graph can be expanded and reduced, and displayed as bar chart, candle sticks and line graphs. Successful investors also use the large variety of indicators proposed by the MetaTrader platforms.
These indicators include Trends, Oscillators, Volumes, Bill Williams indicators invented by the legendary trader Bill Williams and many more. Platforms Web. MetaTrader 4. MetaTrader 5. Social Platform. Binary Platform. Instruments Currencies. Funding methods Wire Transfer. Credit Cards. Perfect Money. Yandex Money. Moneta Ru. Loading more results. Show Results.
At the bottom of the screen you will see the Terminal window, where you can see open positions, trade history, and MT4 mail. Additionally, you can click on the Market Watch button on the toolbar to display the market watch window. MT4 will display all of the currency pairs that are available for you to trade. Prices in red are the ones that have just ticked down, whereas prices in blue are the ones that just ticked up. At the bottom of the Market Watch window, you can see a tab that says tick chart.
If you wish to see a tick chart, just click the currency pair that you wish to view and click the tick chart tab. Going back to the symbols tab you can perform a variety of actions through the Market Watch window. By right clicking on any of the currency pairs, you will produce the context menu. From here, you can open a new chart window or execute a new order. You can also modify the Market Watch window to show the high and low prices for the day, as well as the time of the latest quote.
The Navigator window is the control center of MT4 where you will perform the majority of your functions. The account button allows you to login to the different Forex trading accounts that you may have. The indicators button will allow you to open all of your indicators. By simply dragging the indicator into the chart, a parameters box will be displayed. Here you can select your preferred parameters, and once complete, the indicator will appear on the chart. Robots, also known as Expert Advisors allow you to employ trading strategies without having to manually place orders.
The robot does it automatically. Similar to indicators, all you need to do to implement the Expert Advisor is to drag the robot into the chart. You will also see several other options in this parameters box, including the option for your robot to go Long only, short only, or perform long and short trades. Once you implement an Expert Advisor on a currency pair, you should see the Expert Advisor name on the top right corner of the chart.
If you have enabled live trading, you will see a smiley face next to the name. The button on the toolbar labeled Expert Advisor can turn all active robots on or off with a single click. In there you can see other indicators other than the preset ones provided by the platform.
They function in a similar fashion as the other indicators. During this time, I've created and sold over 20 different trading tools. I believe in both short and long term goals, using a multitude of different strategies in order to achieve them. I trade on Binary. This is on mt5 Platform. Hope you got me. Thank you. Hi john, Can I use these three softwares trading assistant, booster,trade detector in trading with forex in mt4 platform.
Hi John, Thanks for the efforts. Am i supposes to load it in indicators folder of MT4? Hello i need to download binary metatrader 4 to start trading with binary may you help me please. Save my name, email, and website in this browser for the next time I comment. Comments Rating 0 0 reviews.
Related Posts. Willim April 7, Hello John, I trade on Binary. Regards Ramanand. John Kane December 18, Hi Ramanand, this is not possible. Why do they not offer both MT4 and MT5? Most brokers do. Mike August 14, John Kane August 14, Hi Mike, yes you can. Akpos December 31, John Kane December 31, Hi Akpos, you just have to open charts with BO on the end, then it will work. Hi Bethel, should just be a double click to open it. Rehema August 14,