MetaTrader 4 Platform for Forex Trading and Technical Analysis

This way you’ll get the feel of the platform without putting any of your hard-earned capital at risk. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. Online quotes and interactive charts with 9 periods allow you to examine quotes in all the details quickly responding to any price changes. MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services.

IG International Limited receives services from other members of the IG Group including IG Markets Limited. Smartphones and tablets are indispensable in trading when you are away from your computer. Almost any trading strategy can be formalized and implemented as an Expert Advisor, so that it automatically does all the work for you. A trading robot can control both trading and analytics freeing you from the routine market analysis. The built-in Market is the best place to find an Expert Advisor or a newest technical indicator. While MT4 is not available for direct download to Mac, there are ways around this.

  1. To draw, simply select the object you want from the toolbar and click on the chart.
  2. To set up a price alert, open the ‘terminal’ window then navigate to the ‘alerts’ tab.
  3. The platform’s fame within online trading is well-known, scoring 4.7 out of 5 stars on the Apple Store.
  4. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  5. This article will walk you through all the critical elements of the MetaTrader 4 platform.

To set up a price alert, open the ‘terminal’ window then navigate to the ‘alerts’ tab. Right click within this window and select ‘create’ from the menu. This will bring up the ‘alert editor’ window, where you can customise your price alert. To edit or remove an indicator that’s displaying on a chart, right click within the chart window, and then select ‘indicators list’ from the menu. This will open a window that displays a list of all the active indicators shown on the chart.

Select your chosen indicator from the list, then click ‘edit’ to customise the indicator settings or ‘delete’ to remove. To edit or remove an object, right click on the chart then select ‘objects list’ from the menu. This will open a window that displays a list of all the active objects shown on the chart.

Create an account

To modify stops or limits on open positions and pending orders, open the ‘terminal’ window (Ctrl + T) and navigate to the ‘trade’ tab. Right click on the position or pending order you’d like to edit, then select ‘modify or delete order’ to bring up the order window. Because of this, virtual private servers are a popular option for traders who live in remote locations or who do not have access to the internet around the clock. They are also appealing to traders who wish to run their algorithms even when they themselves are not using the MT4 trading platform. To change the timeframe of a price chart, simply right click on the chart, select ‘timeframe’, then choose your preferred option from the drop-down menu. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.

Once you’ve done that, you can set up a live MT4 account from the Open My IG. Besides, unlike in live trading, you can always add to your capital or open a new one if you blow out your account or if your demo account expires. You will have the option to modify or add stops and limits to your position. When you’re finished, click the red ‘modify’ button to confirm your changes.

The width and positioning of some objects is adjusted by moving your mouse as you click on the chart, while others open a separate window for customisation. 23 analytical objects and 30 built-in technical indicators greatly simplify this task. The width and positioning of some objects is adjusted by moving your mouse as you click on the chart, while others open a separate window for customization. Signals and Market additional services extend MetaTrader 4 frontiers. MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience.

Each symbol can be displayed in 9 time-frames, allowing traders to see the price dynamics in detail. 30 built-in technical indicators and 24 graphic objects are available for the most comprehensive analysis of price dynamics. To monitor your open positions and pending orders open the ‘terminal’ window by pressing Ctrl + T, or by clicking ‘view’ in the toolbar and selecting stock market rebound orbear trap ‘terminal’. You can close a position or delete a pending order by clicking the small ‘x’ on the far right of the profit column. The MetaTrader 4 trading platform is designed for Forex and futures trading. With MetaTrader 4, traders can analyze financial markets, perform advanced trading operations, run trading robots (Expert Advisors) and copy deals of other traders.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. First, you should know that MetaTrader 4 (MT4) is simply a trading platform used by tons of traders and brokers. You can add indicators such as RSI, stochastic oscillator and Bollinger bands to charts.

Algorithmic trading

Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. The software is licensed to foreign exchange brokers who provide the software to their clients. Moreover, while it is used for various markets, the online trading platform is primarily popular in contracts for difference and foreign exchange markets. The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate.

However, there is an online trading platform on the IG site which can be used by Mac users to place trades. The platform supports three trade execution modes, including Instant Execution, as well as 2 market, 4 pending and 2 stop orders and a trailing stop function. Quick trading functions allow sending trading orders straight from the chart with one click. The built-in tick chart feature provides an accurate method for determining entry and exit points. With the rich functionality of MetaTrader 4 you can implement various trading strategies in the Forex market.

Set up a price alert

The latest financial news allows you to prepare for unexpected price movements and make the right trading decisions. Add-ons, on the other hand, are more designed to help you customized the MT4 platform to your individual trading style and goals. The add-ons provided for free with our offering include mini terminal, stealth orders and alarm manager which aim to help you fully customize the MT4 platform. You’ll then have the option to modify or add stops and limits to your position. Call 844 IG USA FX or email We’re here 24 hours a day, from 3am Saturday to 5pm Friday (EST). Now, in order to run the product, the user must be authorized in the platform with the same MQL5 account via which the product was purchased.

We’re also a community of traders that support each other on our daily trading journey. B) With MT4, you are able to create and access multiple accounts without exiting the program. Please pay attention to which account you are using before placing trades and orders. MT4 has a multilingual customer catering to a global audience, making the platform accessible to traders worldwide.

MT4 indicators and add-ons

Use the mobile versions of MetaTrader 4 on your iPhone/iPad and Android devices to trade in the financial markets. Thousands of free and paid signals with various profitability and risk levels working on demo and real accounts are at your fingertips. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools.

To use our MT4 offering, you’ll first need to create a live account. Once you’ve done that, you can set up an MT4 account from your My IG dashboard. An MT4 VPS is a virtual private server, which hosts an online version of your MT4 platform. A VPS will generally have low latency and consistent uptime, which enables you to run your MT4 algorithms 24/7. With MetaTrader 4 you have the option to set buy and sell limits in the ‘orders’ window.

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