Market Watch Window
The market watch window displays a list of available trading instruments (currency pairs, commodities, stock, etc.). You can right-click in this window to create a new chart or open a new order for a specific instrument.
Charts and Timeframes
Learn how to open charts for different trading instruments and choose various timeframes (e.g., 1-minute, 1-hour, daily). Charts display price movements and are essential for technical analysis.
Order Execution
Understanding how to open and close market orders. Right-click on a chart and select “Trading” to open the New Order window, where you can specify trade parameters.
Pending Orders
Familiarize yourself with the different types of pending orders (buy stop, sell stop, buy limit, sell limit). These orders allow you to set entry points for future trades.
User-Friendly Interface
MT4 provides an intuitive and user-friendly interface that is easy to navigate, making it suitable for both beginners and experienced traders.
Advanced Charting Tools
The platform offers a wide variety of technical indicators, charting tools, and timeframes, allowing traders to conduct in-depth technical analysis.
Automated Trading
MT4 supports algorithmic trading through the use of Expert Advisors (EAs), which are customer scripts or automated trading systems that can execute traders on your behalf based on predefined criteria.
Customizable Indicators and Scripts
Traders can create and customize their own indicators, scripts, and EAs using the platform’s MetaQuotes Language 4 (MQL4) programming language.
