MT4 is a trading platform developed by Meta Quotes Software in Russia.It offers excellent customization and the ability to trade through exclusively developed custom indicators and automated trading programs (EA).
Platform Advantages:
1.more than 50 kinds of indicators are standard equipment
MT4 has more than 50 standard indicators, so even without additional downloads, the original preset indicators are sufficient for chart analysis.
2.Quickly place orders from the charts
MT4 allows for quick one-click order placement on charts. While there are other trading instruments that offer one-click order placement, MT4 also allows you to quickly place and change stop and limit orders by dragging and dropping them on the chart.
3.Trading via EA
MT4 uses an automated trading program called Expert Adviser (EA), which enables automated trading.
4.EA back-testing is available
MT4 has a preset "strategy test" function, which allows you to back-test the EA. Through back-testing, you can verify whether the EA you are going to use is profitable or not.
5. Free use
For example, "Trading view" is divided into free and paid versions, and only the paid version provides the same level of functionality as MT4.
Users only need to open an account with a forex broker that offers MT4 to use all the features of MT4 for free.
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