MT4

MetaTrader 4, commonly referred to as MT4, is a popular retail foreign exchange (forex) trading platform developed by MetaQuotes Software. Released in 2005, it has become one of the most widely used platforms among retail forex traders, brokers, and institutional clients due to its user-friendly interface, robust technical analysis tools, and customization capabilities.

MT4 operates as a proprietary trading platform, primarily for trading forex pairs, but it also supports trading in contracts for difference (CFDs) on commodities, indices, and cryptocurrencies, depending on the broker’s offerings. The platform is available for Windows and mobile devices (Android and iOS) and provides real-time market data, price charts, and order execution through an internet connection.

One of MT4’s standout features is its built-in MetaEditor, a programming environment that allows traders to develop and customize Expert Advisors (EAs)—automated trading robots—and indicators. These tools enable traders to implement algorithmic trading strategies or enhance their manual trading with automated solutions. Additionally, MT4 supports the use of third-party add-ons, scripts, and libraries, expanding its functionality for advanced users.

The platform includes a wide range of technical analysis tools, such as 30 built-in indicators, 9 timeframes, and advanced charting capabilities. Traders can also access historical data, news feeds, and economic calendars to inform their decision-making. MT4’s multi-language support further enhances its accessibility for a global audience.

While MT4 remains widely used, it has faced competition in recent years from newer platforms like MetaTrader 5 (MT5), which offers additional features such as more timeframes and enhanced order types. However, MT4 continues to be a preferred choice for many traders due to its reliability, extensive community support, and compatibility with numerous brokers worldwide.