Trading platform MetaTrader 4 is developed by MetaQuotes Software Corp., founded in 2000. The company is registered in Cyprus, Limassol, and the central office is located in Kazan, the capital of the Republic of Tatarstan, Russia. It is important to note that the original was created as MetaTrader 4 trading platform Forex, but with the number of traders working in various financial markets, has been redesigned in a multi-market trading platform for trading in markets Forex, Futures and CFD.
MetaTrader any version focuses exclusively on margin trading and is not intended for use in the stock market or for trading without marginal conditions. Therefore, this trading platform are mainly for dealing centers forex, while the large brokers, providing access to both the forex and to the stock trading in the stock markets, use different platforms, MT 4’s superior functionality.
Official release of the platform MetaTrader 4 on 1 July 2005, and since it has gained immense popularity among forex traders
with its simple, intuitive interface, and accessibility. It is a self-contained trading software that does not require any additional software. It only works on the operating system Windows.
As in most retail information systems, supported by testing the MetaTrader trading system on historical data with displaying on the chart entry points in trading positions and out of them.When using MetaTrader available to the trader providing a set of the most popular standard indicators and forex advisor for technical amalysis - such as AO (oscillator Bill Williams), simple and exponential moving averages, Ichimoku cloud, MASD-histogram and a dozen other equally popular indicators Created professional traders. GUI toolkit allows mark support and resistance levels, build inclined channels and do layout for wave analysis. It is also possible to add your own indicators and the development of new analysis tools and trade - it uses MetaQuotes Language 4 (MQL4) - built-in language for programming trading strategies.
MQL4 allows you to write your own technical indicators forex (Custom Indicators), scripts (Scripts) and function libraries (Libraries). In addition, you can create a program MQL4-experts (Expert Advisors), automate trade processes and is ideally suited to implement their own trading strategies. In MQL4 structure included a large number of functions necessary to analyze current and past earlier quotations embedded key indicators and functions of managing trade positions and their control.
For writing the program code using a text editor experts MetaEditor 4 that highlights different constructions of the language MQL4, which enables the user to better focus in the text of the expert system. As a reference system used by language MQL4 dictionary - MetaQuotes Language Dictionary.
Programs written in MetaQuotes Language 4 have different features and purposes:
- Counsellor (Expert Advisor) - a mechanical trading system (MTS) linked up to a certain schedule. Adviser gets executed every incoming tick of the instrument. EA will not run for re-enter teak, if at this point advisor handles previous tick (i.e., the adviser has not finished his work.) EA cannot just run in informing about the possibility to make a transaction, but also automatically perform transactions on the account, sending them directly to the trading server. Are stored in the directory of the terminal \ experts
- Custom Indicator (Custom Indicator) - technical indicator written individually by the user in addition to the indicators already integrated into the terminal. Custom Indicators, as well as built-in, cannot trade automatically and are intended only for implementing analytical functions. Custom indicators are stored in the directory_terminal \ experts \ indicators
- Script (Script) - a program designed for single execution of some actions. Unlike experts, scripts are not run by ticks, and on request. Scripts are stored in a directory directory_terminal \ experts \ scripts
- Library (Library) - a library of custom functions for storing and sharing of frequently used blocks of user programs. Libraries cannot be run independently for execution. Libraries are stored in the directory directory_terminal \ experts \ libraries
- They include file (Included file) - the source of frequently used blocks of custom programs. These files can be included in the source code of experts, scripts, custom indicators, and libraries at compile time. Using included files is preferable to use the libraries because of the additional overhead of calling library functions. Include files should be stored in a directory directory_terminal \ experts \ include
MT4 terminal used by almost all forex brokers, from recently discovered small DC to the most famous brokerage companies in the major leagues rating forex brokers of Masterforex-V Academy - such as ICM Brokers, NordFX, FreshForex, TeleTrade, Alpari, Forex Club, Finam, FOREX.com. MetaTrader 4 is regularly updated, and remains one of the most popular markets for trading in Forex, Futures и CFD.
