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About MetaTrader (MT4).

MetaTrader 4, commonly referred to as MT4, is a widely used electronic trading platform for retail foreign exchange trading developed by MetaQuotes Software Corp., a Russian company that currently licenses MT4 software to approximately 500 brokers and banks worldwide. Developed in 2005, MT4 trading software has become extremely popular among retail forex traders for its easy-to-use features and the ability to facilitate automated trading by allowing users to write their own trading scripts and trading robots (known as expert advisors). For most online traders and investors, regardless of whether they trade forex or CFDs (Contracts for Difference), MetaTrader 4 has become an undisputed family member today.

MT4 is not only the most popular online trading platform for accessing global markets, it is also the most effective retail forex trading software (ie, designed specifically for individual online traders). Online (or electronic) trading platforms are computer-based software from which various financial instruments are traded through a network of financial organizations (such as brokerage firms) that act as financial intermediaries (i.e., those who carry out online transactions between buyers and sellers by carrying out their buying and selling). used to place trade orders for Online investors can trade at live market prices posted on trading platforms and increase their earning potential by using additional trading tools offered by these platforms such as trading account management, live news feeds, scheme packages and even trading robots called expert advisors.

Compared to today’s online trading platforms for trading a range of financial instruments such as currencies, equities, bonds, futures and options, early versions of such software were entirely stock market oriented. Until the 1970s, transactions between brokers and their counterparties were still processed manually, and traders did not have direct access to global financial markets without intermediaries. Since then, e-commerce platforms have begun to be used for at least some of these transactions. The first such platforms were mainly used in the stock exchange and were known as RFQ (request for quotation) systems, where orders were placed that were later confirmed by clients and brokers. Since the 1970s, e-trading platforms that did not display live prices have gradually been replaced by more sophisticated software that executes orders almost instantly, displays live price changes, and has an improved client user interface.

How MT4 was developed

The first generation of Internet-based foreign exchange (forex) trading platforms appeared in 1996, which led to the rapid development of foreign exchange and the expansion of customer markets. As a result, Internet-based retail foreign exchange trading has enabled individual clients to access global markets and trade currencies from their own computers. Although the first generation of such e-trading platforms were simple programs that could be downloaded to computers and lacked user-friendly interfaces, gradually new features such as technical analysis and charting tools were added, resulting in more attributes and from these programs to web-based platforms and trading robots. it is possible to use it on mobile devices (for example, smartphones or tablets) that work with automatic means.

In addition to the introduction of online trading platforms, a rapidly growing segment of the foreign exchange market has emerged, which has created the possibility for individual users to access global markets and trade online through brokers and banks, that is, retail forex. This market segment allowed even small investors to enter the markets and trade in small amounts. The demand for more technically sophisticated trading platforms, particularly for retail forex trading, has increased, and the need for users to trade directly on global markets has increased. Launched in 2005, the MetaTrader 4 online trading platform has become a program that has enabled a large number of retail forex traders to engage in currency speculation and invest and use other financial instruments from anywhere in the world.

Using MetaTrader (MT4) software

Currently, more than half a million retail traders use the MT4 platform in their daily trading process, and have automated trading, mobile trading, one-click trading, news feed streaming, embedded individual indicators, the ability to work with a large number of orders, a large number of indicators that facilitate their investment decisions. and benefits from a wide range of features such as charting tools. Suitable for new and seasoned traders alike with a variety of investment skills and experience, MT4 is widely recognized as the most complete trading platform available anywhere in the world today.

MT4 and auto trading

Automated trading is well known to online investors as a tool to automatically process trade orders using a series of predefined trading rules (such as entries and exits) set by traders using MetaTrader 4’s MQL programming language and extremely fast reaction time. Automated trading, also known as system trading, has another advantage: it removes the emotional factor from trading, which often leads to erroneous investment decisions, because it executes trades mechanically based on traders’ settings. Through this, along with all the analytical processes in the trading process, he is able to execute the trade on behalf of the investor.

The state-of-the-art technology in the MT4 platform provides automatic trading as a fully integrated feature, processing repetitive trade orders at a speed unachievable in manual trading. For most investors, this saves a significant amount of time that would normally be spent on small tasks such as market monitoring and trade execution.

Retrospective testing (that is, testing trading strategies against previous time periods) is another advantage of auto trading, as trading rules are applied to historical market data, allowing investors to test the effectiveness of several trading ideas. By applying proper backtesting, traders can easily evaluate and adapt trading ideas and then apply them to their own trading experience for better results. Effective auto trading is also considered a sophisticated way of trading the markets, and as such new traders are advised to start with smaller amounts while learning.

In addition, possible mechanical errors can affect trades executed by an automated system, and many traders with poor Internet connections are forced to manually track trades executed by automated trading systems. XM’s free MT4 VPS (Virtual Private Server) service based on fiber optic connection to eliminate negative factors such as slow internet connection, computer errors or unexpected power outages, allows customers to connect to the MT4 VPS service and enjoy flawless trading, continuously automatic trading operations and ensures the smooth flow of expert advice.

Automatic trading and MQL

Automatic trading is undoubtedly one of the most popular features of MetaTrader 4. Since 2014, more than 75% of US stock trades, including the NASDAQ and the New York Stock Exchange, have been executed by automated trading system orders. Today, the possibility of automatic trading in the MT4 software is a big plus for retail traders and investors, where you can trade not only stocks, but also foreign exchange (forex), futures and options. The MT4 platform uses the MQL4 patented scripting language to implement trading strategies, and it allows traders to develop their own expert advisors (i.e. trading robots), individual indicators and scenarios, and test their EA tools using the MT4 strategy tester.

MQL4 includes a number of features that allow traders to analyze past and current quotes, track price movements with attached technical indicators, and not only manage, but regularly monitor their trade orders. There are more than 30 separate technical indicators available to traders in MT4 and various other financial instruments, and they help investors to identify price patterns, market trends and potential entry and exit points, and manage trading signals.

Trading programs written in the MQL4 programming language serve different purposes and provide different features to traders. Expert advisors linked to specific charts provide online investors with valuable information about potential trades and can trade on their behalf, sending orders directly to the trading server. In addition, using the MQL4 language, investors can write their own indicators and use them in addition to the existing indicators in the MT4 client terminal. MQL4 also includes scripts, but unlike expert advisors, these do not perform predetermined actions on behalf of traders and are designed to execute a single action within a given trading movement.

Mobile trading and MT4

MetaTrader 4 has been developed taking into account all the requirements of 21st century technologies and therefore provides a high level of flexibility as the core of mobility. This is why the MT4 mobile trading option allows investors to access the trading platform directly from their smartphones or tablets in addition to their Windows or Mac computers. Therefore, management and/or monitoring of a trading portfolio and multiple trading accounts can be done on the go. The ability to manage multiple trading accounts from a single interface and mobile devices such as smartphones, pocket devices and tablets gives investors unlimited trading options, while the software’s compatibility with the iOS operating system allows Mac users to stay up-to-date on market trends 24 hours a day and directly from their iPhone, iPad or allows entering trade orders via iPod Touch.

MT4 mobile trading has made it extremely convenient for online investors to monitor global markets anytime, anywhere, place and execute orders instantly, and of course manage their accounts away from their computers. In addition, mobile trading provides a number of analytical options and a graphical view of quotes for proper account management. Because MT4 mobile trading options are the same for smartphones and tablets as for computers, online investors can trade at the same speed and using the same trading tools for the best results.

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