MetaTrader 4 Review

Platform Overview

MetaTrader 4 is one of the most popular and versatile platforms on the market today, offering powerful features to help you make educated trading decisions.

The Power of Expert Advisors

The Expert Advisors technology is a new method of trading which frees you from daily manual routines. Expert Advisors are written in MetaQuotes Language 4 (MQL 4)
Expert Advisors free you from routine manual trading routines. They are advanced automated trading systems written in the MetaQuotes Language 4 (MQL4), able to automatically analyze current market situations, open/close positions and place/modify/delete orders.
The Advisor can not only inform you about market conditions which fit your criteria for buying or selling, but also makes trades autonomously, without the trader’s participation.
Like most trading systems, the MetaTrader 4 terminal supports backtesting of strategies on historical data.

Integrated News Feeds

MetaTrader 4 helps traders follow global events without drawing their attention away from the trading.
Built-in news feeds provide up to date information that traders care about.

Many Built-In Indicators

MetaTrader 4 comes out of the box with over 30 useful built-in indicators.
Traders also have the ability to write their own custom indicators, using the powerful MetaQuotes Language 4 (MQL4).

Trailing Stops

Trailing stops are designed to lock in profit levels. Trailing stops literally trail along your increasing profit and adjust your stop loss levels accordingly. A trailing stop set for 15 pips will trigger once a trader’s position is positive at least 16 pips. From this level the trailing stop will adjust pip for pip as your profit level continues to increase. A trader whose trailing stop is set to 15 pips and who is positive 20 pips has protected at least 5 pips of profit. As this trader’s position increases so will their protected profit level.
Once a trailing stop is triggered a new stop loss is sent from your computer to FX|Clearing servers. However, for your trailing stop to continue to send updated stop losses to our servers, your computer does need to be up and running. Essentially, if your trailing stop has been triggered you do have a stop loss safely in place. However, if your computer is shut down your stop loss will not continue to trail.

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