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Aug
24

MetaTrader 4 Review

Posted by DeMerchant

MetaTrader 4 is professional online trading software which is designed to help the traders by providing them broker services at Forex, Futures and CFD markets. It is stand alone software and no other platform is required while using this software. This software doesn’t operate on Windows 95. The platform has in it all necessary components for brokerage services via internet including the back office and dealing desk. It is renowned worldwide for its high standards of business performance and is currently being used by over more than thousand companies.

MetaTrader 4 provides several different installations for the account management like MetaTrader 4 Client, MetaTrader 4 Mobile, and MetaTrader MultiTerminal. The latter allows one to simulate multiple accounts at a time. The client version is great and provides trade operations and technical analysis in real-time mode. The MetaTrader 4 platform has a user-friendly front-end trading interface, which is liked by the customers. It provides features like technical analysis, and charting ad also gives expert advices to help the users develop their own trading strategies. It helps is analysis of  the price movement on the market by means of three market factors which are  price, volumes, and, in case of study of futures contracts’ market, of an open interest. It provides vast number of technical indicators which simplifies mathematical calculation, based on prices or volume or both. he figures received are used for forecasting price changes. Some of these are Accelerator/Decelerator Oscillator, Envelopes, Force Index (FRC), Momentum, Relative Strength Index (RSI), Relative Vigor Index (RVI) and many more. Technical analysis also includes trading systems which is a set of instructions which advise opening or closing trading positions based on the results of technical analysis. The most important aspect of trading system is determining an exit point. It is necessary to identify the level at which one must stop trading so as not incur further losses. This is done easily with the help of trading system. Metatrader 4 provides the ability to hold offsetting positions and also allows fast acquisition of news information and have different order execution technologies.

Markettrader4 has numerous advantages over others. It provides Coverage of financial markets like Forex, Futures and CFD markets. It is much reliable and safe than others. In the case of damage to the historical data, the complex has backup and restoration systems. To provide safety the data exchanged is cripted by 128 bit keys. A built-in DDoS-attacks guard system raises the stability of operation of the server and the system as a whole. New protocols are being introduced which reduces the demands on datalink and their operational cost. The platform supports different languages and a multilingual pack is includes in the package. It allows integration with web services and the platform possesses a wide range of customizable functions. The server API allows the user to customize the work of platform to meet their requirements. API helps in creating applications of integration into other systems and extending the functionality of the server .All these features and advantages makes it an obvious choice.

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  1. Master How-to Said,

    Nice software buddy. Thanks for sharing about MetaTrader 4. It must be useful.

  2. Schnabel Said,

    Some words form an actual user:
    DO NOT USE THIS SOFTWARE. YOU WILL NOT GET ANY SUPPORT, SEE DETAILS BELOW.

    The only source of help is the forum maintained by developer MetaQuotes. There is no guarantee you will get right answers in the forum. There is no guarantee you will get ANY answers from developer. The broker feels not responsible for technical side of this product and sends you to the developer forum.
    The developer firm refuse to provide commercial support. They have horrible attitude and instead of support let you know, that you, as trader, are not their customer.
    The platform by itself is a badly implemented programming language which reminds of C. The chances are hightI that you will get a lot of problems trying to implement your system. When I asked for support the developers will let you know that you are lazy, stupid, whatever….

  3. Traderforexfutures Said,

    The Expert Advisor feature is very useful in Metatrader 4.

  4. Troy Said,

    Apparently one of the features with this program is the ability to see open orders, and this is touted on their site as a major bonus, but I have found this to be an unreliable indicator of support or resistance. Instead, I have seen it manipulated time and time again in bait-and-switch tactics to try to lure in novice traders. I’ve seen it many times where an institutional trader will drop in a huge buy limit at a certain price, knowing that many amateurs will line up right above him to try and grab a bottom. Then at the last second, poof, he cancels his order, and leaves everyone else holding the bag. Meanwhile he goes short and picks up the leftovers! Just another example of experience trumping over-enthusiasm.

  5. nur syahidah Said,

    can i get the print screen of stock trading interface
    tq

  6. Clement Said,

    What’s wrong with their C language like programming language. I like C language, it is efficient, fast and easy to use. If you don’t like C, it doesnt mean it is not good. C invented more than 40 years ago and it is still widely used among developers. Many ppl said they are writing C++ program, and the only feature they use in C++ is cout! They are essentially writing C programs.

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