MetaTrader 4 User Guide
Overview
We believe that MetaTrader 4 is a highly effective dealing software for trading Forex and CFDs online. MT4 is developed by MetaQuotes Software Corp.
Key features of MetaTrader 4:
- Online trading on Forex and CFDs
- Various execution technologies: Instant Execution, Request Execution and Market Execution
- Complete technical analysis package: wide range of inbuilt indicators and charting tools, the ability to create various custom indicators, different time periods (from minutes to months)
- Inbuilt program language MetaQuotes Language 4 to write custom trading strategies (Expert Advisors) and the possibility to test them on the historical data
- Multilingual platform interface (English, German, French, Russian, Arabic, Spanish, Farsi, Japanese, Chinese Simplified, Polish, Turkish, Korean, Indonesian, Bulgarian, etc.)
- Real time data export to Metastock and Omega Prosuite 2000
- Internal mail
- History database management and import/export facility
- MetaTrader Mobile: MetaTrader 4 Mobile for PDA
- Inbuilt help guides for MetaTrader 4 and MetaQuotes Language 4
MetaTrader 4 can be downloaded free of charge. In order to gain experience and better knowledge of the trading platform you can open a demo account. For further questions feel free to ask our Helpdesk / Customer Support.
Note:
- MetaTrader 4 requires Windows operation system.
- MetaTrader 4 does not operate under Windows 95. Minimum required screen resolution is 1024x768.
- MetaTrader 4 may experience compatibility issues with Windows Vista.
- For Alpari UK MetaTrader IP addresses please click here.
Expert Advisors in MetaTrader 4
The Expert Advisors technology is a new method of trading which frees you from daily manual routines. Expert Advisor written in MetaQuotes Language 4 (MQL 4) automatically analyses current market situations, opens/closes positions and places/modifies/deletes orders.
With the help of Expert Advisors you can:
- Avoid everyday manual routines by automating the process of trading and monitoring orders;
- Be more scientific and rational in your decision making process;
- Keep track of the current market situations.
- Implement your trading strategy in Expert Advisor by using MetaQuotes Language 4 and your MetaTrader 4 will manage your trading account without the need to be present 24 hours a day, 5 days a week.
MetaQuotes Language 4 is used to write:
- Expert Advisors – mechanical trading systems which can be used either for trading alerts or for trading and monitoring orders (automatically without your presence);
- Custom Indicators – indicators created by you or other users of MetaTrader 4 client terminal in addition to the in-built technical indicators, integrated into MetaTrader 4;
- Scripts – modules which execute repeated actions;
- Libraries - frequently used user's programs.
MetaQuotes Language 4 allows you to call functions from the external dll-libraries and get access to the computer file system. This makes it possible to implement trading strategies of ANY complexity.
The new Expert Advisors testing technology uses historic data. Using this data you can test the effectiveness of your trading strategies, usually within a few minutes.
MetaQuotes Language 4 is very easy to learn and understand even for those who have no or limited experience as computer programmers.
Note: EAs and Custom Indicators must be externally sourced. At Alpari (UK), we allow their use on our MT4 platform, but we do not offer support on the software itself.
- Main menu (access to the program menu and settings);
- Toolbars (quick access to the program features and settings);
- "Market Watch" window (real-time quotes for the specified instruments for Micro and Classic accounts, and indicative quotes for Pro accounts);
- "Navigator" window (quick access to all your accounts, indicators, expert advisors);
- "Chart" window;
- "Terminal" window (quick access to the trading and account history, list of open positions and placed orders, client terminal log-file and internal mailbox).
