MetaTrader 4 Platform

MetaTrader 4 Platform Review

MetaTrader 4 (MT4) is the fourth trading platform developed by MetaQuotes Software Corporation, released in 2005. It remains one of the most popular trading platforms worldwide. MT4 is supported by more Forex brokers than any other manual or automated trading platform. It is also considered a highly reliable and secure solution for trading.

✅ MT4 is supported by more than 3,000 Forex & CFD Brokers (90%+ of Retail Forex Brokers)

✅ Over 500 Prime Brokers & Liquidity Providers also use MT4 for white-label solutions

Why MT4 Remains Dominant

• Over 15 years of market leadership -MT4 remains the most widely used retail trading platform.
• Compatible with Windows, macOS (via Wine), mobile (iOS/Android), and web terminals.
• Access to thousands of free and proprietary EAs, indicators, and scripts through the MetaTrader Market and active community forums.

MetaTrader 4 Basic Features

□ Designed for trading Forex, Futures, Bonds, Metals, Energies, Crypto, and any other CFD contract

□ Algorithmic trading via MQL4-coded EAs, enabling automated strategies, backtesting, and optimization.

□ Instant order placement (market, pending, and limit orders) with one-click trading for fast decision-making.

□ Access to 30+ built-in indicators, customizable charts (9 timeframes), and drawing tools for in-depth market analysis.

□ User-Friendly Interface: Customizable layouts, real-time price alerts, and a multi-language GUI suitable for both beginners and professionals.

□ Provides multi-currency and multi-language support

□ Support API (Application Programming Interface) for enhanced functionality and integration with other trading systems

□ Offers a wide range of plug-ins to improve platform performance

MetaTrader 4 Basic Structure

MT4 is a full-cycle trading platform that includes both back-office components and front-end terminals, eliminating the need for additional software. The entire system operates online. The MT4 Server is the core of the trading system, where all trade transactions are processed and historical data is managed. The MT4 Client Terminal is the main trading interface, allowing traders to execute transactions, perform technical analysis, and use Expert Advisors.

The MetaTrader 4 Server is built for scalability, speed, and reliability, making it a top choice for brokers and financial institutions. Its features include:

• Massive Scalability: Supports over 10,000 live accounts simultaneously with no latency, ensuring smooth performance even during high-volatility events.
• Multi-Asset Processing: Capable of handling forex, CFDs, commodities, and indices with real-time price feeds and efficient trade execution.
• Historical Data Storage: Stores years of tick-by-tick and OHLC data, essential for backtesting strategies and conducting quantitative analysis.
• Security & Stability: Provides enterprise-grade encryption, failover protection, and robust backup systems to ensure data security and platform uptime.

Automated Trading with MetaTrader 4

The MetaTrader 4 Client Terminal is built on the MetaQuotes Language 4 Integrated Development Environment (MQL4 IDE), which includes:

• MetaQuotes Language 4 (MQL4)

• MetaEditor (for compiling and editing Expert Advisors)

• Strategy Tester (for testing and optimizing Expert Advisors) » Visit the MQL4 Website

The terminal features a built-in editor and compiler and provides traders with access to free software, data, articles, and support. According to Yahoo, there are over 12,000 members contributing free software for MetaTrader. Some developers have created software bridges that enable integration with other financial systems for automatic position hedging.

Basic Steps for Automated Trading Using MT4 or Any Other Platform

Before starting with automated trading:

1. Choose a reliable Forex broker with low spreads » Compare Forex Brokers for Automated Trading

2. Select a proven trading system » Compare Forex Trading Systems

3. Practice on a demo account before trading with real money

4. Learn how to interpret trading statistics

5. Understand EA accuracy and win/loss ratios

6. Be able to identify and manage overall trading risk

MT4 Strategy Tester & Automated Trading Championship

Each year, hundreds of MT4 developers compete in the MetaTrader 4 Automated Trading Championship to showcase their systems and results.

Minimum System Requirements:

• Microsoft XP/Vista or later

• 1 GHz processor

• 512 MB RAM

• 100 MB free hard disk space

• Monitor resolution of 1024x768 (1280x1024 recommended)

⬇️ MetaTrader 4 Free Download

The MetaTrader 4 Client Terminal is free to download. » Download the MetaTrader 4 Terminal Here

⬇️ Download MetaTrader 4 for Mobile Devices

MetaTrader 4 is available for all popular mobile platforms including iPhone, Android, PDA, and Windows Mobile. The mobile platform supports Forex trading with 30 technical indicators.

» MetaTrader 4 for Android

» MetaTrader 4 for iOs

Table: Forex Brokers supporting MT4