| Metatrader 4 is a forex trading software platform | | | | from just a couple of rules to a complex mathematical |
| created by the MetaQuotes company. It is the single | | | | trading system. |
| most popular forex trading platform in the world and | | | | The best part is that you don't need to create the |
| for good reason. In this article, find out more about | | | | rules yourself. There are other people out there who |
| MT4 and why you should only be using it and nothing | | | | have created their own entire automated trading |
| else. | | | | systems for you to use. You can even test the |
| The Market Today | | | | system with MT4 against historical data to see if it is |
| Today, almost all serious forex traders use the MT4 | | | | profitable: this is called a backtest. |
| platform. For the same reason, all good brokers offer | | | | Forex Expert Advisors (EAs) |
| the ability to interface with their trading system with | | | | Forex EAs are a recent innovation within the last few |
| Metatrader 4 on your computer. | | | | years. Traders, former hedge fund managers and Ivy |
| So what makes it so good then? | | | | League graduates have tinkered and tested with MT4 |
| Benefits Of Metatrader 4 | | | | to produce fully-fledged, hands-off automated trading |
| First of all, it's totally free! How can a company like | | | | systems that are profitable both in the short and long |
| MetaQuotes get away with giving away the software | | | | term. |
| for free? The reason is that it is so good that the | | | | These are commonly known as forex expert |
| brokers are the ones who pay for everything - they | | | | advisors, EAs, bots or robots. |
| need special software themselves (on their servers) to | | | | The days of most traders creating their own trading |
| allow their clients to use MT4 from home. | | | | systems are long gone. Market conditions change so |
| Another great benefit of Metatrader 4 is the user | | | | much and so quickly that it necessitates a much more |
| interface. You have access to over 50 built-in | | | | complex robot - something that is beyond the |
| indicators and tools. But the most powerful thing | | | | capabilities and resources of most traders. But thanks |
| perhaps is the ability to automatically trade. | | | | to the creators of the best robots one need not make |
| Automated Trading | | | | their own system anymore - you can just use |
| You can automatically trade by creating rules for the | | | | somebody else's and plug it straight into MT4! |
| software to obey in your absence. This can range | | | | |