Meta Trader 4

Trading Redefined

Discover the power of Meta Trader 4 (MT4), one of the most renowned and trusted trading platforms in the industry. With its user-friendly interface, advanced charting tools, and versatile trading capabilities, MT4 offers an exceptional trading experience for traders of all levels.

MetaTrader 4 (MT4) is simply a trading platform used by tons of traders and brokers.
Traders use it to view real-time currency prices, open or adjust orders, get technical and fundamental analysis. Meanwhile, brokers use the MT4 platform to reach a broader audience.

What’s good about the MT4 platform is that it offers boatloads of currency pairs and indicators that you can choose from.
Not only that, but it’s customizable charts are so newbie-friendly that any six-year-old kid can spot breakout patterns from it.
The MT4 platform can’t be accessed through a website though. You have to install the platform on your computer or your phone before you can gain access to your trades and currency prices.
The main panels of the MT4 platform are the ‘Market Watch’, ‘Navigator’, ‘Chart’ and ‘Terminal’ panels. Let’s go through each one in some detail.

Market Watch

The Market Watch displays all the different instruments that you can trade – including forex pairs, indices, precious metals and energies – and displays the instrument symbol alongside the current bid and ask prices.
By right-clicking on a particular symbol you’ll have access to a range of options, such as:

  • New Order – this will open a trade on the selected instrument
  • Chart Window – this will open a new chart of the selected instrument
  • Tick Chart – this is the sales activity for the currency pair
  • Depth of Market - this displays the bid and ask prices for a particular instrument at the current best prices (closest to the market)
  • Specification – this shows the contract specifications of the instrument, such as spreads, contract size and swap rates

Charts

The chart panel shows the price movement of an instrument, and is the most recognizable part of any trading platform.
The charts can be displayed in different means – either as candlesticks, price bars or line charts, and you can even view multiple charts on one screen at the click of a button if you’re tracking multiple markets.

The charts can be viewed in different timeframes, from 1-minute charts right through to 1-month charts. A 1-minute chart simply means that each candlestick, bar or line displays one minute of movement. Likewise, with a monthly chart, each candlestick, bar or line shows one month of movement.

Marking up a chart with vertical, horizontal and trend lines, text and arrows is simple, and these are vital tools you will regularly use if you plan to analyze the charts.

Navigator Panel

The navigator panel allows you to log in to any of your trading accounts. From this panel you can also create a demo account and test any strategies before trading in a live environment.


The other important feature of the navigator panel is the ability to add different indicators to your chart panel. There are multiple indicators to choose from, and you could even create your own indicator through MQL5, (the MT4 programming language), and import them into MT4 for your use.

Key Features of Meta Trader 4:

  • Intuitive Interface: MT4's intuitive interface is designed to make trading seamless and accessible, even for beginners.
  • Advanced Charting: Benefit from a wide range of technical indicators, charting tools, and timeframes to analyze market trends effectively.
  • Automated Trading: Develop and deploy automated trading strategies using Expert Advisors (EAs), allowing for precise and disciplined trading execution.
  • Multiple Asset Classes: Trade across a diverse range of financial instruments, including forex, commodities, indices, and more.
  • Mobile Compatibility: Stay connected to the markets on-the-go with the MT4 mobile app, available for both iOS and Android devices.

Terminal Panel

The Terminal panel provides quick access to your account and trading history. Each line in the Terminal tab is interactive, with options made available by right-clicking on them.

The Terminal panel is made up of a number of tabs that run along the bottom of the panel:

  • Trade – this displays your open positions and pending orders.
  • Account History – this compiles a list of all executed trades. You can view your profit and loss, credits, deposits, and withdrawal information. You can right-click to search between a desired time period.
  • News – here you’ll find important and relevant trading headlines.
  • Alerts – this shows a list of alerts and you can also use this tab to set alarms to notify you when an instrument has either reached a specific price, or crossed an indicator trend line.
  • Mailbox – this displays all our electronic messages sent to you via the platform.
  • Experts – this shows information about the active Expert Advisors (EAs) in your account. You can also view positions the EA has opened or closed.
  • Journal – this displays detailed system messages about your account, such as login times, filled or edited orders and closed positions.