Trading platforms have changed the way investors and traders open and close market positions. As a software, it makes trading easier, allowing season business owners and casual investors to place trades remotely, and even monitor accounts through advanced features like charts, news and statistics. Although all trading platforms take away the usual stress that comes with traditional trading and investing, not all platforms are created the same. MetaTrader 4, developed by MetaQuotes Software Corp, is a highly flexible and scalable platform, designed for different types of traders and investors, with different skills levels. Although a trading platform at its core, MetaTrader 4 is considered the most popular, thanks to the inclusion of advanced analytics in the form of charts and graphs that can help promote an informed investor. Market information and trends are critical pieces of information for a trader and investor, and clearly the designers and makers of MetaTrader 4 understand this requirement. On top of the graphs and charts following the rise and fall of stock values, this platform also features alert tools and financial news to help investors stay on top of their game, and make informed trading decisions. Many brokers are aware of this popularity of this trading platform and offer it to their users, for example you can find metatrader 4 at Avatrade.
MQL4 and 5- At the Core of the Trading Platform Operations
At the core of the operations of this trading platform are MetaQuotes Language 4 (MQL4) and MetaQuotes Language 5 (MQL5), all programming languages that develop trading robots, scripts and other functions. It is through these languages that the platform allows for automated trading and analysis of data. Also, traders and users of these programs (the MetaTrader platform) can easily analyze blocks of information, thus allowing users to gain insights from data and statistics. Specifically, these languages can inform users about an event, provide custom indicators and execute a trading action.
Automated Trading Possible with MT4
Although MetaTrader 4 is a full-featured platform, it is best known for its automated trading feature. Its language, the MQL4, allows for the creation of ‘Expert Advisors’ or trading robots and other helpful indicators within its ‘Meta Editor. This is the platform where the Expert Advisors and custom indicators are designed and developed for adoption within the trading platform. Also, there are ready-made apps that are pre-installed, and ready to be launched.
With its algorithmic trading, different kinds of strategies can be drafted and tested using its ‘strategy tester’, including running EA strategies in more than 50 forex Contract of Difference (CFD) markets, all implemented in behalf of the investor. Also, the same automated feature allows users to design custom indicators, and assign different kinds of orders, from stop to partial orders.
To improve the functionality of the platform, seasoned and casual investors can use trading robots which can be designed, purchased online or downloaded from a library of free trading robots. Code Base is the main source of free trading robots for Meta Trader 4, and users can choose from more than 900 trading robots and 2,000 indicators. The great thing about this paid and free library of trading robots is that it displays screen shots and short descriptions, allowing a trader to assess if each robot or indicator is the right fit for an identified strategy.
Summary
Meta Trader 4 is designed as a highly scalable and flexible trading platform that can work for all types of trading strategies, and for investors with varying skills set. At the core of the platform are analytical functions and easy access to the Meta Trader 4 market that lists free and paid trading robots and custom indicators. In short, the Meta Trader gets all bases covered when it comes to an informed trading experience. With Meta Trader 4, trading becomes easier thanks to a platform that gets the job done, for you.
