It offers a perfect combination of convenience and functionality.
Features and capabilities of MetaTrader 4
Although demo and live accounts share technical similarities, the difference in mindset when using each is significant. Decision-making, especially related to opening or closing positions, becomes more complex when real money is at risk. The LunarCapital MetaTrader 4 demo account replicates the real MT4 platform, including four trading windows and a choice of over 80 markets. Select the trading instrument for which you want to close the position and click the corresponding “Close” button. It is worth noting that when you select a specific instrument, only those accounts that have open positions for this instrument will be automatically displayed. The trading software provides access to a number of expert advisors that can be useful for novice traders who make their first steps in auto trading.
What is MetaTrader 4?
To delete a pending order, use the corresponding tab “Delete order”. In this tab, you can delete all or some orders for all or some of the managed accounts. + 5 types of trade volume distribution among accounts when placing a new order. The platform allows trading with several accounts at the same time without switching them. Expert Advisors (EAs/trading robots) are essential if you seek to automate your trading. You can find EAs under the “Navigator” tab in the upper-left corner of the screen.
When you download LunarCapital MT4, you’ll receive a collection of free indicators. MetaTrader 4 indicators are powerful technical analysis tools. They allow you to identify market trends and reversal points, as well as track historical highs and lows of a selected instrument. These indicators enhance your trading experience by offering valuable insights into your trading activities.
Then, drag the EA from the Navigator window and drop it onto an open price chart. You’ll know the EA is active when you see a smiley face icon in the upper-right corner of the price chart where the EA is applied. The MetaTrader 4 interface comprises an array of functional windows. The investment instruments tab, for instance, showcases assets earmarked for buying and selling. MetaTrader 4, developed by MetaQuotes Software Corporation, is favored among numerous Forex brokerage firms. Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders.
You can not only download your own advisors into the platform but also create your own trading robots. After downloading LunarCapital MT4, you’ll automatically gain access to Autochartist. This powerful pattern recognition tool continually scans the markets, aiming to identify trading opportunities using support and resistance levels. Working tirelessly, Autochartist swiftly notifies users about new trading prospects. To access indicators and plugins on the MT4 platform, go to the “Navigator” window in the top-left corner of the screen and open the “Indicators” folder.
Effective Communication with Technical Support: A Trader’s Guide
Each MetaTrader 4 indicator and plugin has a distinct purpose, working together to create a cohesive toolkit that helps you execute optimal trading strategies. MetaTrader 5 introduces enhancements for both automated and market orders. It supports the execution of 2 market orders, 6 pending orders, and 2 stop orders. Furthermore, the MetaTrader 5 platform comes with an integrated economic calendar.
What Sets MetaTrader 4 Apart from MetaTrader 5?
When you download MT4 from LunarCapital, the MACD and Moving Average EAs are already installed. Apart from the provided plugins and indicators, you can also acquire additional plugins, and if you’re tech-savvy, you can even create your own. The new platform has addressed the limitations of MT4 and introduced various new features and interfaces. One noticeable change is its interface, which includes expanded menus.
- However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete.
- The interests of LunarCapital’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
- There are many trading platforms available on the market, but we’ll talk about the most popular one – MetaTrader4.
- Apart from the provided plugins and indicators, you can also acquire additional plugins, and if you’re tech-savvy, you can even create your own.
There are several ways to open a trade in MetaTrader 4, you can place an order even directly from the chart with 1 click. Forex trading platforms are designed with user-friendliness in mind. Aiding in risk mitigation are mechanisms like stop-loss and take-profit orders, designed to optimize the sought-after profit margins. Additionally, mastery of trading is underpinned by delving into both fundamental and technical analyses. This video will provide you with step-by-step instructions on how to download, install the MetaTrader trading platform and connect it to your trading account.
MetaTrader 4 MultiTerminal is a new component of MetaTrader 4 Online Trading Platform, designed specifically for simultaneous management of multiple accounts. It’s an effective tool both for professional asset managers and for independent traders working with several accounts simultaneously. LunarCapital is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LunarCapital’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Thanks to the notification system, the trader does not need to wait for the price to reach the desired level, the platform will notify him at once.
In the “Modify order” tab you can adjust all or several orders placed for one or several accounts. If only some of positions or orders should be modified, these particular positions or orders should be checked. Pending orders for all or some of the managed accounts can be placed in this tab. All open positions and pending orders are displayed in the “Orders” tab. All trading operations data is displayed as a table with fields. To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar.
If there is one or more counter positions among open positions, the selected position can be closed by the counter one. In this tab, one can close a position by a counter position for all or selected accounts. Each connected account with open counter positions is displayed in a table line. If you don’t want to close a counter position for a particular account, uncheck the box with this account. To close a position, select it from the account’s popup positions list, then check a counter position in the list of opposite positions and press “Close”. Novice traders are advised to study MetaTrader4 and get familiarized with its functions using a demo account.
- Each MetaTrader 4 indicator and plugin has a distinct purpose, working together to create a cohesive toolkit that helps you execute optimal trading strategies.
- Additionally, this account offers the same selection of free plugins and indicators as a live account.
- This powerful pattern recognition tool continually scans the markets, aiming to identify trading opportunities using support and resistance levels.
There are many trading platforms available on the market, but we’ll talk about the most popular one – MetaTrader4. Multiple close of several counter positions allows simultaneous closing of more than two counter positions for one instrument. Several counter positions can be closed using the “Multiple Close By” tab.
In case of any disputes or issues, you can request your transaction records to protect your rights. To get started, you need to connect MultiTerminal to the server – go to “Tools-Options” and select one of the available servers from the list in the “Server” tab. By continuing to browse this website, you agree to our Cookie policy.
MetaTrader 4
However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete. Both platforms continue to serve different purposes and cater to different user preferences. The opportunities in the Forex https://lunarcapital.net/ market are unlimited and available to everyone. Achieving your goals requires smart money management and skillful trading decisions.