Released in 2005 by MetaQuotes, Meta Trader 4 (MT4) is a versatile trading platform. While it’s often linked to forex trading, MT4 is adaptable for trading various markets like forex, indices, and commodities through CFDs.
MT4’s popularity can be attributed to two key factors. Firstly, it offers extensive customization options to align with your unique trading requirements and preferences. Secondly, it enables automated trading through the implementation of algorithms that execute position openings and closures based on predefined parameters.
How do you operate MT4?
- Register and install MT4.
- Initiate a trade using the order interface.
- Supervise and terminate your active positions and pending orders.
- Adjust stop-loss and take-profit levels for open positions.
- Personalize MT4 charts to your preferences.
- Establish price alerts for specific market conditions.
- Review your trading history.
- Obtain trade reports for download.