MetaTrader 4
MetaTrader 4 review by forex trading experts, All you need to know about MetaTrader4 platform download.
When it comes to forex trading, having the right platform is essential for success. At ForexTrading.biz, we recommend MetaTrader 4 (MT4) as the go-to platform for both beginners and experienced traders alike. This powerful trading platform combines user-friendly design with advanced features, making it a favorite in the trading community worldwide.
In this article, we provide an in-depth overview of MetaTrader 4, explain why it remains the most trusted platform on the market, and offer practical insights on how ForexTrading.biz users can get the most out of MT4.
What is MetaTrader 4? Understanding the Basics
MetaTrader 4, often referred to simply as MT4, was launched in 2005 by MetaQuotes Software Corp. It quickly became the dominant platform for retail forex trading thanks to its:
-
Robust performance and reliability
-
Comprehensive charting and analysis tools
-
Support for automated trading through Expert Advisors (EAs)
-
Compatibility with a wide range of brokers, including ForexTrading.biz
MT4 supports trading in forex, CFDs, commodities, indices, and cryptocurrencies, providing a versatile toolset for traders globally.
MetaTrader 4 Interface Overview: Key Components
Understanding the MT4 interface helps traders make faster and better decisions. Below is a breakdown of the essential parts of the platform:
| Interface Element | Purpose |
|---|---|
| Market Watch | Displays live price quotes for trading instruments |
| Navigator Panel | Provides quick access to accounts, indicators, scripts, and EAs |
| Chart Window | Shows price movements with multiple chart types and timeframes |
| Terminal Window | Manages trades, alerts, account history, and news |
| Toolbox | Includes alerts, mailbox, trade journal, and expert advisor controls |
Customization Tip: Traders can personalize their workspace by adding favorite indicators and saving templates, streamlining their trading process.
Core Features of MetaTrader 4 at ForexTrading.biz
Advanced Charting and Technical Analysis
MT4 offers a variety of tools for technical traders:
-
Chart Timeframes: 9 options from 1-minute to monthly charts
-
Chart Types: Candlestick, bar, and line charts
-
Built-In Indicators: 30+ popular tools such as MACD, RSI, Bollinger Bands
-
Drawing Tools: Trend lines, Fibonacci retracements, shapes, and text annotations
-
Custom Indicators: Ability to add or program custom indicators in MQL4
| Indicator Name | Description | How Traders Use It |
|---|---|---|
| MACD | Trend-following momentum indicator | Identifies trend direction and momentum |
| RSI | Relative Strength Index | Highlights overbought and oversold levels |
| Bollinger Bands | Volatility indicator | Detects price breakouts and volatility |
Multiple Order Types for Flexible Trading
| Order Type | Description | Use Case Example |
|---|---|---|
| Market Order | Instant execution at the current price | Entering or exiting positions quickly |
| Limit Order | Execution at a better price than market | Setting target entry or exit levels |
| Stop Order | Execution when price reaches a specific level | Stop losses or breakout trades |
| Trailing Stop | Stop-loss moves automatically with price | Locking in profits as price moves |
ForexTrading.biz clients can combine these orders with stop-loss and take-profit to tailor risk management.
Automated Trading with Expert Advisors (EAs)
MetaTrader 4 supports automated trading through Expert Advisors, which are programs written in MQL4 that automatically analyze markets and execute trades based on predefined rules.
-
Why use EAs? They eliminate emotional bias, enable 24/5 trading, and facilitate backtesting.
-
For ForexTrading.biz traders: You can develop your own EAs or use commercially available ones, tested and optimized for MT4.
How to Get Started with MetaTrader 4 on ForexTrading.biz
Step 1: Download and Install MT4
-
Download MT4 from the ForexTrading.biz website or official MetaQuotes source.
-
Install on Windows, Mac, Android, or iOS devices.
Step 2: Create and Log Into Your Trading Account
-
Register a live or demo account with ForexTrading.biz.
-
Use your credentials to log into MT4.
Step 3: Customize Your Workspace
-
Add favorite currency pairs or CFDs to Market Watch.
-
Open charts and apply indicators.
-
Save chart templates for quick access.
Step 4: Start Trading
-
Use the “New Order” button to place trades.
-
Choose order type, volume, stop-loss, and take-profit.
-
Monitor open positions via the Terminal panel.
Comparing MetaTrader 4 with MetaTrader 5 and Other Platforms
| Feature | MetaTrader 4 | MetaTrader 5 | NinjaTrader |
|---|---|---|---|
| Release Year | 2005 | 2010 | 2003 |
| Asset Coverage | Forex, CFDs | Forex, CFDs, Stocks | Futures, Forex, CFDs |
| Programming Language | MQL4 | MQL5 | NinjaScript (C#) |
| Hedging Allowed | Yes | Optional | Yes |
| Economic Calendar | No | Yes | Yes |
| Depth of Market (DOM) | Basic | Advanced | Advanced |
| Automated Trading | EAs (MQL4) | EAs (MQL5) | Strategies (C#) |
| Popularity | Very high | Growing | Niche |
While MetaTrader 5 brings some advanced features, MetaTrader 4 remains preferred by many due to its simplicity, vast community, and broker compatibility like ForexTrading.biz.
Top MetaTrader 4 Features That Benefit ForexTrading.biz Traders
Lightweight and Fast Performance
MT4 is optimized to run on modest hardware without sacrificing performance—perfect for traders who don’t have high-end PCs or want smooth mobile trading.
Robust Security Measures
MT4 encrypts data between the client terminal and trading servers, protecting traders from interception or hacking.
Customization and Flexibility
Traders can create custom indicators, scripts, and EAs or download thousands from the MetaTrader marketplace, personalizing their trading environment.
Popular Trading Strategies Using MetaTrader 4
Moving Average Crossover Strategy
-
Apply two simple moving averages (50 and 200 periods).
-
Buy when the short-term MA crosses above the long-term MA.
-
Sell when it crosses below.
-
Confirm signals with RSI or volume indicators.
RSI Overbought/Oversold Strategy
-
Use RSI set to 14 periods.
-
Sell when RSI > 70 (overbought).
-
Buy when RSI < 30 (oversold).
-
Combine with support/resistance for confirmation.
Bollinger Bands Breakout
-
Use Bollinger Bands with default settings (20, 2).
-
Buy when price breaks above the upper band.
-
Sell when price breaks below the lower band.
-
Use trailing stops to protect profits.
MetaTrader 4 Mobile Trading: Trade on the Go with ForexTrading.biz
With MT4’s mobile apps, ForexTrading.biz traders can:
-
Monitor real-time quotes and charts
-
Open and close positions quickly
-
Set alerts and notifications
-
Analyze with indicators and drawing tools
MT4 mobile is available on iOS and Android, making it easy to stay connected with markets wherever you are.
Troubleshooting Common MetaTrader 4 Issues
| Problem | Solution |
|---|---|
| Unable to login | Verify server name and login credentials |
| Charts not updating | Refresh or restart the terminal |
| EA not running | Ensure “AutoTrading” is enabled and no coding errors |
| Slow performance | Close unused charts, clear cache, or upgrade device |
| Missing symbols | Add via Market Watch > Symbols |
Frequently Asked Questions (FAQs)
Q: Is MetaTrader 4 free to use on ForexTrading.biz?
A: Yes, MT4 is free to download and use. ForexTrading.biz earns through trading commissions and spreads.
Q: Can I use MT4 on Mac?
A: Yes, although it requires additional software like Wine or using the ForexTrading.biz web-based platform.
Q: How many EAs can I run simultaneously?
A: MT4 allows multiple EAs to run on different charts simultaneously.
Q: Does ForexTrading.biz offer demo accounts for MT4?
A: Yes, demo accounts are available for practicing trading risk-free.
Top 10 Metatrader 4 forex brokers in the world
etoro
eToro is a reasonably novel but fast-growing brokerage firm with overhead 5,000,000 traders in over 140 Countries. Unlike the enormous mainstream of brokers. You can trade Cryptos, Currencies, Stocks and Commodities with this broker.
Plus500
Plus500 was established in 2008 as an online international trading platform that is popularly used in Asia, Europe and Australia and elsewhere in the world. In the United Kingdom (UK), the company operates under the name Plus500 UK Ltd and is regulated by the Financial Conduct Authority of the UK (FCA).
IG
IG Broker is also based in the UK and is a leading spread betting brokerage firm overseen and regulated by the Financial Conduct Authority (FCA), which oversees all brokerage firms and brokers in the UK.
FxPro
London based FxPro was founded in 2006 and is an online brokerage firm offering trading accounts for Stocks trading, Spread betting, foreign currency exchanges, as well as accounts for trading CFD’s.
Capital.com
Capital.com is a global online brokerage firm that offers trading services across various asset classes, including forex, commodities, indices, and cryptocurrencies. It’s located in Cyprus.
Pepperstone
Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai.
IC Markets
IC Markets is an Australian forex broker, The ICMarkets constitutes one of the biggest online retail foreign exchange brokers in Australia.
FP Markets
FP Markets (First Prudential Markets) is an Australian-based online broker founded in 2005. It is regulated by ASIC.
Forex.com
Forex.com UK was established in 1999 and is regulated by the UK’s Financial Conduct Authority (FCA).
Interactive Brokers
Interactive Brokers Group Inc is a true online ECN brokerage, You can trade bonds, stocks, Forex, optionsand futures in bulk orders with this broker. The broker headquarter is at Greenwich, Connecticut of United States.
Oanda
Since the mid-1990s, OANDA is one of the primary innovators of online Forex brokers. The company is assumed to be founded by Dr. Richard Olsen and Dr Michael Stumm. Whereas in 2001 the online trading platform Fxtrade was launched, it was the 1st completely automatic forex trading platform, You can trade CFDs, Stocks, Currencies and commodities with this broker.
Swissquote Bank
Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.
Saxo Bank
Saxo Bank is a Danish investment bank. It was founded as a brokerage firm in 1992. SaxoBank is one of the best online stock broker in the world.
Conclusion: Why MetaTrader 4 is the Perfect Choice for ForexTrading.biz Traders
MetaTrader 4 continues to be the premier forex trading platform due to its balance of power, simplicity, and flexibility. For ForexTrading.biz traders, MT4 delivers everything from professional-grade charting to automated trading tools, backed by a global community and countless resources.
Whether you’re new to trading or a seasoned professional, MT4 can be customized to fit your needs and help you make informed, strategic trades. Start exploring MT4 on ForexTrading.biz today and elevate your trading journey.
Share this MetaTrader 4 Review
Now you know about “MetaTrader 4” platform so tip ForexSQ.com foreign exchange trading experts please by share it if you like this article about MetaTrader 4 trading platform.
For more information about MetaTrader 4 forex brokers visit TopForexBrokers.com rating brokers.
More About Doe John
John Doe is a seasoned Forex trader and financial content creator with over 17 years of hands-on experience in currency markets. Specializing in broker reviews and trading strategy analysis, John combines real-world trading insights with in-depth research to help traders make informed decisions. He regularly tests platforms like MT4, and MT5 to provide up-to-date, unbiased reviews. When not trading, John contributes to financial forums and mentors aspiring traders on maximizing their investment potential.
View Posts - Visit Website