Monday, 8 December 2008

Forex Platform Review - Metatrader 4.0

MetaTrader 4 is an online trading platform designed for financial institutions dealing with Forex, CFD, and Futures markets. The platform includes all necessary components for brokerage services via internet including the back office and dealing desk.

As well as many technical indicators and line studies, there is built-in language for trade strategies programming MetaQuotes Language 4. Using this language, you can create an automated trading system called Expert Advisors, Custom Indicators and Scripts. Expert Advisors can analyze the situation on the market, make decisions, put pending orders, and open positions in on-line mode without trader's participation. Custom Indicators, just like technical ones, can analyze the situation on the market and generate various signals. As for Scripts, they are designed for single execution of some actions.


MetaTrader 4 Client Terminal key features:

  • working with securities of Forex, Futures and CFD markets;

  • various execution technologies: Instant Execution, Request Execution, Market Execution;

  • confidentiality of all trading operations;

  • unlimited charts quantity;

  • support of various timeframes (from minutes up to months);

  • large number of technical indicators and line studies;

  • MultiLanguage program interface;

  • realtime data export via DDE protocol;

  • signals of system and trading actions;

  • getting on-line news from financial markets;

  • internal e-mail system;

  • printing charts and completed trading transactions statemets.


You can download this tools at Metaquotes.com and use practise account to test.

No comments:

"Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. . You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts."