It’s an effective tool both for professional asset managers and for independent traders working with several accounts simultaneously. To access indicators and plugins on the MT4 platform, go to the “Navigator” window in the top-left corner of the screen and open the “Indicators” folder. You can then drag and drop the desired indicator onto the price chart.
The new terminal successfully combines great functionality, which allows effective handling of multiple accounts, with exceptional usability. The interface is similar to that of the MetaTrader 4 Client Terminal. It is very user-friendly, any traders already using the MetaTrader 4 Client Terminal can easily familiarize themselves with this new program within a few minutes.
What is MetaTrader 4?
Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders. The MetaTrader for mobile devices version doesn’t support Expert Advisors and custom indicators. To get started, you need to connect MultiTerminal to the server – go to “Tools-Options” and select one of the available servers from the list in the “Server” tab.
- The opportunities in the Forex market are unlimited and available to everyone.
- It’s an effective tool both for professional asset managers and for independent traders working with several accounts simultaneously.
- They allow you to identify market trends and reversal points, as well as track historical highs and lows of a selected instrument.
- Achieving your goals requires smart money management and skillful trading decisions.
- Once you install MetaTrader 4, you’ll have your own special username and password to use.
To understand which trading platform is more suitable for you, use the feature table Comparison of MetaTrader 4 and MetaTrader 5. Pending orders for all or some of the managed accounts can be placed in this tab. All open positions and pending orders are displayed in the “Orders” tab. All trading operations data is displayed as a table with fields. MetaTrader 4 MultiTerminal is a new component of MetaTrader 4 Online Trading Platform, designed specifically for simultaneous management of multiple accounts.
In this tab, one can close a position by a counter position for all or selected accounts. Each connected account with open counter positions is displayed in a table line. If you don’t want to close a counter position for a particular account, uncheck the box with this account. To close a position, select it from the account’s popup positions list, then check a counter position in the list of opposite positions and press “Close”. The Worldtradex MT4 demo account provides access to a wide range of markets and allows you to try out trading strategies risk-free. Additionally, this account offers the same selection of free plugins and indicators as a live account.
The platform allows trading with several accounts at the Worldtradex scammers same time without switching them. Expert Advisors (EAs/trading robots) are essential if you seek to automate your trading. You can find EAs under the “Navigator” tab in the upper-left corner of the screen. When you download MT4 from Worldtradex, the MACD and Moving Average EAs are already installed. Once it’s installed, log in using your account number and the password provided by your broker in a registration email.
One noticeable change is its interface, which includes expanded menus. Some users find these menus more user-friendly and intuitive, while others consider them to be overly extensive. MetaTrader 4, developed by MetaQuotes Software Corporation, is favored among numerous Forex brokerage firms.
They allow you to identify market trends and reversal points, as well as track historical highs and lows of a selected instrument. These indicators enhance your trading experience by offering valuable insights into your trading activities. MetaTrader 4 and MetaTrader 5 are leading platforms for trading in the global Forex market. While both platforms are useful for experienced traders and beginners, the differences between them can significantly affect your choice.
Trading platforms MetaTrader 4 and MetaTrader 5
Switching between various accounts in MT5 has been made smoother and faster. This seamless transition makes it easy to apply different trading strategies across multiple accounts. MT5 offers an increased variety of indicators compared to MT4, including new analytical and graphical elements. This video will provide you with step-by-step instructions on how to download, install the MetaTrader trading platform and connect it to your trading account. Worldtradex is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Worldtradex’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
Differences between the MT4 Demo Account and a Live MT4 Account
One of its notable features is its easy installation and user-friendly design. The platform was developed using the MQL programming language, which is popular among experts and runs smoothly even on computers with limited resources. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. The MetaTrader platform for mobile devices allows you to trade conveniently anytime, anywhere. Simply install the MetaTrader 4 or MetaTrader 5 application on your device and get Internet access.
How to download, install MetaTrader and connect to your account
There is no need to download and install the MetaTrader platform on your device. Accounts opened for MetaTrader 4 are compatible with this version of the trading platform only. You cannot connect to your MT4 account using the MT5 trading platform and vice versa. To access complementary Worldtradex’ indicators and plugins, you need to have an Worldtradex MT4 account. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the two trading platforms available to Worldtradex clients for retail trading. Today, MT4 and MT5 are considered the most popular terminals to trade CFDs.
- While both platforms are useful for experienced traders and beginners, the differences between them can significantly affect your choice.
- An opposite position in relation to the given position is a counter position for the same instrument.
- To access indicators and plugins on the MT4 platform, go to the “Navigator” window in the top-left corner of the screen and open the “Indicators” folder.
- MetaTrader 4 and MetaTrader 5 are leading platforms for trading in the global Forex market.
MetaTrader 4
To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar. Then, drag the EA from the Navigator window and drop it onto an open price chart. You’ll know the EA is active when you see a smiley face icon in the upper-right corner of the price chart where the EA is applied. Apart from the provided plugins and indicators, you can also acquire additional plugins, and if you’re tech-savvy, you can even create your own. Each MetaTrader 4 indicator and plugin has a distinct purpose, working together to create a cohesive toolkit that helps you execute optimal trading strategies.
Worldtradex is a global online broker, offering its services since 2007. Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets. However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete. Both platforms continue to serve different purposes and cater to different user preferences. The new platform has addressed the limitations of MT4 and introduced various new features and interfaces.
To delete a pending order, use the corresponding tab “Delete order”. In this tab, you can delete all or some orders for all or some of the managed accounts. + 5 types of trade volume distribution among accounts when placing a new order.
In addition to the free https://worldtradex.space/ indicators provided by Worldtradex, users also have access to the top 12 MT4 plugins. These plugins allow you to customize the MT4 platform according to your specific trading needs. When you download Worldtradex MT4, you’ll receive a collection of free indicators. MetaTrader 4 indicators are powerful technical analysis tools.