What is MetaTrader 4 (MT4)?
MetaTrader 4 (MT4) is a widely used electronic trading platform for retail traders. It combines fast execution, robust charting, and a marketplace for add‑ons. Traders can analyze markets, automate strategies, and execute orders on forex, metals, indices, energies, and CFDs—depending on the broker’s offering.
Key Features
- Advanced Charting: Multiple timeframes with drawing tools (trendlines, channels, Fibonacci, etc.) and templates for quick setups.
- Built‑in Indicators: Dozens of technical indicators plus support for custom indicators to fit any strategy.
- Expert Advisors (EAs): Automate strategies coded in MQL4, with backtesting to validate rules before going live.
- Order Types: Market, Buy/Sell Limits, Buy/Sell Stops, plus Stop‑Loss, Take‑Profit, and Trailing Stops for risk control.
- Marketplace & Signals: Access a marketplace of EAs, indicators, and signal/copy‑trading services.
- Multi‑Device: Desktop, web, and mobile apps to monitor and manage trades anywhere.
- Secure & Lightweight: 128‑bit encryption, fast load times, and a familiar interface.
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MT4 vs. MT5: MT4 remains popular for forex and CFD trading and has a massive library of third‑party tools. MT5 offers more asset classes and enhanced testing. Choose based on the products and tools you need.
