A growing number of trading platforms can be accessible online due to the constant technological advancement.
One trading platform stands out from other platforms by proving to be highly efficient and popularly referred to for its MetaTrader 4. MetaTrader 4.
Although it has received negative reviews, a variety of brokerages allow their clients to use MT4 as a trading platform on their websites due to a number of its advantages.
This is your opportunity to find out what is one of the well-known and well-known trading platforms, which is referred to as MT4.
What exactly is MetaTrader 4?
MetaTrader 4 or, as traders refer to the platform, MT4, is a modern trading platform, which is utilized and appreciated by numerous brokers and traders all over the world.
MT4 is a piece of software created through MetaQuotes Software which can be utilized by traders as well as investors to open, close or manage their market position by the use of a financial intermediary.
MetaQuotes created the platform, and it was designed by MetaQuotes. It has the goal for trading foreign exchange (forex) and futures markets, as well as contracts for difference (CFDs).
MetaTrader 4 can be used MetaTrader 4 to carry out sophisticated trading operations, while studying market conditions.
The trading platforms are usually provided by online brokerage firms either for free or at a reduced cost subject to the requirement of having an adequately funded account.
However, MetaTrader 4 is available for download on HQBroker’s main site without cost and with no restrictions. You can download the platform direct via on the MetaQuotes website.
What sets MetaTrader 4 From the Other MetaTrader 4?
MetaTrader 4 comes with three execution options for trades in addition to four pending, two market as well as two stop order as well as a trailing stop feature. There are also fast trading features that let you send orders to trade straight from the charts in only one click.
In addition features, the built-in tick chart feature can provide you with an opportunity to precisely determine the ideal starting and ending points.
Trade Execution Modalities
You have the option of choosing among the three execution options that MetaTrader 4 offers:
Execution of the request
Execution of Market
In the immediate Execution option executes an trade at the rate offered by the broker. The terminal sets the current prices in order when it sends the trade order but won’t be executing every request until the broker is satisfied with the price.
A “requote” could happen in the event that the broker is able to return the price. Then, the order is able to be fulfilled.
Second is Execution on Request. This is where the market order will be executed at the rate that the broker has provided prior to. Prices are requested initially from brokers prior to the time an request is made when it comes to submitting specific market orders. If the prices are in place and are delivered, the order execution is at the specified price. is then accepted or denied.
Execution by Market is the last of three options you can select from. If you select this option you surrender power to broker as it grants the broker the authority to decide on the price of execution without having to have a discussion with you or the trader. That means you are giving advance permission for the execution of your order at this priced price.
MetaTrader 4 allows you to make different demands, including market order, pending order Stop Loss, and Take Profit.
Market orders are issued to ensure the brokerage firm that you permit the buying or selling of an security at the present price. After the execution of an order, the trade position will immediately begin to change, based on the shifts taking place in market. You may also include Stop Loss and Take Profit orders in addition to the market order. The method of execution depends on the security you choose to trade.
A Pending order is a promise you make to the brokerage firm, giving them permission to buy or sell an asset in the near future, but at a certain price. The order can be utilized for opening a trade as long as the quotes for the future will be at a predetermined level. The Stop Loss and Take Profit order may be automatically linked to orders pending when the pending order is activated.
Click here for our MT4 review.
There are four kinds of orders pending that MetaTrader 4 can provide:
Buy Limit – These kinds of purchase is usually executed to anticipate a price for security that has fallen recently to a specific amount, and is expected to rise in the near future. Buy orders can be made if the price at the moment is higher than the “ASK” price is higher than that of the purchase order.
Buy Stop – If you are able to predict that a security’s price, that has risen to a certain point that will keep growing, you can make this kind of purchase. An order to buy can be made if the price at the moment is lower than the “ASK” price is less than that of the order that was placed.
Sell Limit Orders in this manner are typically executed when you are expecting an increase in the security price to trigger an adjustment. The sell order may be made if the price at the moment is lower than the “BID” price is less than the amount of the purchase.
Selling Stops – when placing such an purchase, traders generally anticipate that a price for a security which has recently fallen will continue to fall. The sell order is executed as long as the price at the moment’s “BID” price is greater than the amount of the order that was placed.
Stop Loss as well as Take Profit orders typically pair up, but we’ll discuss them in a separate way.
An Stop Loss order can help in minimising the losses you face in the event that the security price starts to move in an unprofitable direction. If a security’s price exceeds the level you have set and the trade is automatically be closed. They are never placed with a market order or a in-process order.
The Take Profit order however is designed to make profit. Once a certain amount of profits is achieved the position will end. It’s always linked with an open order or waiting order and it can only be put in conjunction with a market order or an order that is pending.
The advantages of using MetaTrader 4
Apart from MT4 There are other platforms available which you’ve seen or heard about by reading reviews or from friends including ZuluTrade, NinjaTrade, and Trading Station. However, not all of the top traders use these other platforms, as opposed to MetaTrader 4.
What is it that makes traders and brokers select MetaTrader 4 time and time?
There are a myriad of reviews and blog posts written by traders who share their views on the infamous trading platform.
Try searching online; traders’ reviews of MetaTrader 4 will begin pouring out, revealing their personal experiences and opinions about the trading platform.
Nearly every major broker offers the MT4 platform as their trading platform which gives it a huge group of traders and brokers who have diverse experience when it comes to working using the system.
It is MetaTrader 4 was designed to offer a professional look and feel, as well as the vast array of features that are the standard on any trading platform. Additionally, it comes with an array of customizable indicators that can be quickly added and removed from charts.
Some trading platforms use browsers and are not as user-friendly as MetaTrader 4 which can be downloaded and operated separately to your internet browser. It’s also a lot easier to manage and operate in addition to having a lot less issues than the majority of platforms in the financial sector.
Furthermore, MetaTrader 5, a more recent trading platform, also developed through MetaQuotes Software, does not offer any hedge options that has led to disappointments that are evident in MetaTrader reviews by the community. This is only a reason for an increase in the popularity of the earlier version.
Hedging provides protection for your money or assets. It functions the same way as insurance works. If you own valuable possessions you want to safeguard them as best as you can. This is leading you to think about buying additional investment options to safeguard you from any injury in the near future.
Hedging can help you safeguard yourself from negative events that could occur However, keep in mind that hedging cannot nor will it completely erase the negative impact of an incident. It only reduces the impact to ensure that you don’t suffer additional losses.
Back towards back to the MetaTrader platforms. MT5 does not support hedges and multi-hedging. This is something many traders seek out when choosing which platform to use.
There are suggestions for solutions, but the majority of people users would prefer not to use any plugins while working with the platforms they use. This is something you shouldn’t have any issues with using MetaTrader 4.
This is among the primary reasons HQBroker employs MetaTrader 4. MetaTrader 4 platform. The brokerage company allows its customers to protect their investments in order to ensure their accounts are secure. Positive or negative reviews of other customers won’t matter in the long run, as long as you know how to utilize this platform for your benefit.
MetaTrader 4 has a lower demand for RAM. It doesn’t require taking up a lot of space to operate optimally, in contrast MetaTrader 5. MetaTrader 5 which demands the usage of three times the RAM memory. It is compatible with desktop computers as well as iOS and Android devices.
Some disadvantages to using MetaTrader 4
Although there are many benefits you will reap by making use of MetaTrader 4 as your trading platform, there are some disadvantages that you need to be aware of to avoid potential regrets when you decide to go with this platform. MetaTrader 4 platform:
MetaTrader 4 has a limited amount of flexibilities when compared to other platforms you discover in the financial sector currently. Therefore, it’s crucial to be aware that once you’ve put up guidelines that the platform will firmly follow through with the implementation and can result in a negative.
The rules and guidelines that you follow in this program could result in you not being in a position to make the huge benefits even though they’re right in front you.
Unexpected changes in the exchange market are not immediately visible immediately in The MetaTrader 4 program. For instance, if an announcement was issued concerning the state of the economy, and the market responds at it MT4 could not instantly react to the change.
Not every operating system is compatible with MetaTrader 4. MetaTrader 4 platform. It’s strictly restricted to the most popular operating systems like Microsoft, iOS and Android. If you don’t have a device running the operating system it will not be possible to make use of it.
The variety of trading platforms readily available in the financial sector will only increase and you shouldn’t try each new platform that is released.
You can depend on the opinions of others on every trading platform, but do not use it to influence your own judgement.
It is possible to test out different platforms to determine which is the most suitable for you. And be assured that you’ll be able to always use MetaTrader 4 to rely on.
MetaTrader 4 , the most recent version, has been in use and relied on by many traders for a long time since it was first released to the masses. Although there are some reviews that highlight its flaws, it does not mean it is unusable and should be ignored when a new and improved version is released.
MT4 provides every trader with unlimited access to trades that are easily managed without putting in excessive effort. Each has its advantages and drawbacks, so think carefully before taking any decisions.
MetaTrader 4 will make your trading more efficient, assisting you with every transaction with your broker.
Don’t let a second be wasted, take the time to learn the most you can through your studies and keep in mind that valuable lessons can be learned through the experience of others.