MetaTrader4 (MT4) Trading Platform is a terminal that enables users to trade on Forex. This popular client-side MetaTrader4 terminal allows traders to analyze dynamics in financial markets, make deals, develop and use automatic trading software.MetaTrader 4 includes all the forex trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops - all are right there at your fingertips with MT4.
This is the best forex trading platform in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points.
MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. With the Capital TradeFX MT4 trading arsenal at your disposal, all your energy can be channelled into implementing your forex trading strategies, secure in the knowledge that the suite of tools in MT4 are there to back you up.
MetaQuotes Language4 (MQL4)
MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database. Given the popularity of the ForexMetaTrader 4 Broker platform, a considerable number of forums and online communities have sprung up, where users can interact and exchange forex tips and strategies for getting the most out of the MQL4 programming language and MetaTrader 4 in general.
Expert advisor is a mechanical trade system (MTS) linked up to certain plots. The advisors can not only inform you about a possibility to enter trades, but also make deals on the trade account automatically and direct them right to the trade server. Like most forex trading systems, the MetaTrader 4 Trading terminal supports testing strategies on historical data with graphical displays of trade entry and exit points.
Custom Indicators are the MetaTrader 4 take on technical indicators. Custom Indicators allow the creation of indicators in addition to those already integrated into the MetaTrader 4 terminal. Like the built-in indicators that come pre-loaded on MT4, custom indicators are aimed at forex technical analysis and are not able to open or close trades automatically.
Scripts are programs destined for single execution of some actions. Unlike Forex Expert Advisors, Scripts aren't run tick-wise and have no access to indicator functions.
Libraries are user function databases where frequently used blocks of MQL4 code are stored. When programming a particular strategy or EA in MQL4, users can draw from their code libraries and add these stored functions to their new trading robots.