Friday, July 19, 2024

MetaTrader 4 (MT4)

In this article, We learn about “MetaTrader 4 (MT4)”.Let’s Go!

MetaTrader 4 (MT4) is a trading platform developed by MetaQuotes in 2005.

While MetaTrader 4 is most commonly associated with Forex trading, it can be used to trade a range of markets, not just Forex.

Like most online trading platforms, MT4 allows traders to view charts, live prices, and place orders with brokers.

MT4 Interface

It can also be used to automate your trades, using algorithms that open and close positions on your behalf based on a set list of parameters.

This software is licensed to Forex brokers who provide it to their clients.

The software consists of client and server components.

The server component is run by the broker, and the client software is provided to the broker’s clients, who use it to view live streaming prices and charts, place orders, and manage accounts.

This client is a Microsoft Windows-based application that is popular mainly because of the ability for users to write their own trading scripts and robots that automate trading.

While there is no official MT4 version for Mac OS, some brokers offer their own custom-developed MT4 variants for Mac OS.

In 2010, MetaQuotes released its successor, MetaTrader 5 (MT5).

If you want to learn more foreign exchange trading knowledge, please click: Trading Education.

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