In our review, we will analyze in detail the main features of the trading terminal. Let's analyze the main tools, trading conditions.
The official presentation of MT4 trading platform took place in the spring of 2005. Since 2007, the terminal has been gradually strengthening its positions and has become the undisputed leader in the segment by the number of active users. In 2010 the 5th version of the program was introduced.
The first information-trading complex, released in 2000, was called "FX Charts". It was oriented on the margin trading at Forex market, had no significant technical requirements, and had only modest built-in graphical capabilities.
In 2001, the second information-trading complex, MetaQuotes, was released. Unlike FX Charts, it has the ability to work on the CFD market (Contracts for Difference). In addition, the trading system was enhanced with MetaQuotes Language (MQL) programming language for trading strategies. This allowed to significantly expand the possibilities of the client terminal.
At the beginning of 2002 the third platform - MetaTrader, which received the index 3, was released. It added the possibility to work with Futures market instruments and extended the programming language of trading strategies - MQL II. During a few years, the complex has been constantly upgraded.
The main advantage of that platform was the availability of a free library with a set of API functions, which made it possible to consider the terminal as an add-on to that API, up to writing your own interface for the client terminal.
In 2003, terminals for mobile trading appeared - MetaTrader CE (for Windows CE) and MetaTrader for Palm (for Palm OS).
The information and trading platform MetaTrader 4 was officially released on July 1, 2005 and gradually became the most popular in its segment. Modernization touched all parts of the platform.
Great attention was paid to improving the reliability of the server. It became possible to connect the terminal through an optional Data Center. This solution allows to dramatically increase resistance to DDoS attacks, reduce the load on the server and increase its performance. A distinctive feature of the MetaTrader platform is the obligatory use of the Windows operating system for the server part.
The new communication protocol did not maintain compatibility with MetaTrader 3. The developers abandoned the open client API. There are only APIs available for managers and administrators of the server part. All previous developments, used client API, do not work with MetaTrader 4 servers.
Instead of client API the functionality of the C-like programming language of trading strategies (MQL4) was considerably extended, the work with DLL libraries is supported. In MQL4 there is no possibility of obtaining quotes from multiple sources simultaneously and their parallel analysis. Earlier this problem was solved on the API basis. Now MQL4 is a part of the terminal and does not allow exporting of the appropriate functions in other independent applications.
MetaQuotes Software Corp. in March 2008 announced plans to release a new version of the platform - MetaTrader 5. The beta version was released on September 2, 2009 and the first release of the MetaTrader 5 platform was released on June 1, 2010.
The new version of the platform was expected to expand functionality - work not only on the currency market, but also on the stock market. However, in the release version this feature has not been implemented.
With the advent of MT4 in the activity of brokers and traders, a new era began. Among the advantages of the platform, it is worth noting such moments:
Metatrader 4 supports three execution modes, including immediate execution. A built-in tick chart allows you to accurately determine entry and exit points. Market, pending and stop orders are available for traders. It is possible to trade in one click.
The platform allows using 9 timeframes for each instrument. And history data is available for timeframes. The analysis of quotation dynamics is detailed. Variability in the use of analysis tools allows to identify market movements in advance and conduct successful transactions.
Using the web platform allows you to start Forex trading in two clicks, regardless of your operating system and preferred browser. The functionality of Metatrader 4 web version provides the ability to analyze currency quotes and make trades. Multistage encryption of data transmitted during trading guarantees safety of work with the application.
The Metatrader 4 platform was created by MetaQuotes. The first version of FX Charts for forex trading appeared back in 2000, marking the beginning of the rise of the company, which specialized in the development of B2B-software. The second version of MetaQuotes provided the possibility to trade on Forex and CFD markets. The third version of MetaTrader was extended and expanded with new features. In 2005 the platform that became the most popular product of the brand was released.
The basis of profits in financial markets is a simple rule: buy cheaper and sell dearer. Thus, all work in financial markets comes down to the consistent execution of trade operations on buying and selling financial instruments. This requires opening, changing and closing of trade positions. A trade position is called a market obligation, the number of bought or sold contracts, on which no offsetting transactions have been made. All trading activity in the terminal takes place using trade positions.
To open a trading position, it is necessary to perform a trading operation, and to close it - to perform the reverse operation. A trading position is opened by the brokerage company by a market order or by execution of a pending order. An open position can be modified by changing the values of Stop Loss and Take Profit orders attached to the position. Closing of the position is carried out on demand of the trader or on execution of Stop Loss and Take Profit orders. In addition, positions can be opened, modified and closed by an Expert Advisor.
With MetaTrader 4, you can trade in a really flexible and convenient way:
All trading operations are displayed on the platform as a table with fields (from left to right):
The MetaTrader 4 web platform allows you to trade in the Forex market through any browser on any operating system (Windows, Mac, Linux). And no additional programs need to be installed. With a couple of clicks, you can access your account and start trading. All you need is Internet access.
The web version of MetaTrader 4 has all the advantages of the "native" solution, as it is a regular part of the desktop platform. This proves high reliability of the web platform and its full compatibility with the entire MetaTrader 4 ecosystem. Working with the application is secure, all the transmitted information is reliably encrypted.
Web trading with MetaTrader 4:
For analytical purposes, technical indicators and linear tools are built into the terminal. These objects are superimposed directly on the chart and allow predicting the further price dynamics. Indicators are applied automatically, while line studies are applied manually. That is why it is important to correctly draw them when working with line studies. On the other hand, indicator parameters can also be set manually. Technical indicators may have different settings on different financial instruments and periods.
The use of technical indicators and linear tools makes it possible to reasonably open and close trading positions, place and modify pending orders. Besides, the use of analytical tools allows conducting systematic trading activities and thus reduces the influence of the emotional factor. Along with built-in technical indicators, custom indicators written in MetaQuotes Language 4 (MQL4) can be used for analytical purposes. Linear tools written in MQL4 language cannot be created similarly.
It is hard to imagine modern life without computers. They are everywhere: at work, at home, in the pocket, in all sorts of equipment that works under human control, or almost independently. The computer has become an indispensable tool for every trader.
Can a computer start earning on its own? All it needs is to teach it, to provide it with a simple algorithm - buy when the price goes up and sell when it goes down, share with it your experience of victories and warn it against disappointing failures. This is precisely the purpose of the automated trading function in the MetaTrader4 terminal, which is implemented with the help of so-called Expert Advisors.
Expert Advisors in MetaTrader4 are called the programs developed in the MetaQuotes Language 4 (MQL 4) programming language that enable you to automate analytical and trade operations. Expert Advisors enable the automatic analysis of the current situation and issue commands for trade operations and open positions management based on received signals.
The MetaTrader4 client terminal has its own built-in Expert Advisor development environment - MQL4 IDE
To work with advisors, the terminal has built-in programming language MetaQuotes Language 4, MetaEditor and tools for testing advisors. Using these tools, it is possible to create:
All of this information can be seen on the platform immediately after downloading mt4 exness.
MetaQuotes Language 4 (MQL4) is a programming language that allows to create trading robots, technical indicators, scripts and function libraries for MetaTrader 4 trading platform. These applications greatly expand the possibilities for traders when trading in Forex.
MetaQuotes Language 4 is a high-level object-oriented programming language based on the concept of the popular C++ programming language. Due to its flexibility, MQL4 allows the creation of complex trading applications with large amount of calculations and detailed control of almost all parameters of trading robots and indicators.
MQL4 contains basic indicators for the analysis of current and historical quotes, as well as functions for managing and controlling trade orders. Thus, it is possible to develop applications using MetaQuotes Language 4 that can completely replace a trader in Forex.
Security is another advantage of the MetaTrader 4 platform. All information exchange between the client terminal and the platform servers is encrypted. For more security, you can also use RSA electronic digital signatures (EDS). Rest assured - with such possibilities, your trading accounts are reliably protected!
On MT4, information exchange between you, the terminal and the platform's servers is encrypted with 128-bit keys. The platform also supports advanced security based on RSA, an asymmetric encryption algorithm.