+ 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 MT4 from worldtradex, the MACD and Moving Average EAs are already installed.
Differences between the MT4 Demo Account and a Live MT4 Account
This seamless transition makes it easy to apply different trading strategies across multiple accounts. MT5 offers an increased variety of indicators compared to MT4, including new analytical and graphical elements. The new terminal successfully combines great functionality, which allows effective handling of multiple accounts, with exceptional usability. The interface is similar to that of the MetaTrader 4 Client Terminal.
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. worldtradex is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of worldtradex’ 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.
Where can I download the trading platform?
The worldtradex MetaTrader 4 demo account replicates the real MT4 platform, Worldtradex forex brokers reviews 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. You can not only download your own advisors into the platform but also create your own trading robots.
Trading platforms MetaTrader 4 and MetaTrader 5
Both platforms continue to serve different purposes and cater to different user preferences. The opportunities in the Forex market are unlimited and available to everyone. Achieving your goals requires smart money management and skillful trading decisions. In case of any disputes or issues, you can request your transaction records to protect your rights.
- It is very user-friendly, any traders already using the MetaTrader 4 Client Terminal can easily familiarize themselves with this new program within a few minutes.
- Once it’s installed, log in using your account number and the password provided by your broker in a registration email.
- In this tab, you can delete all or some orders for all or some of the managed accounts.
- However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete.
It seems like the developers didn’t miss a thing and managed to create a masterpiece that makes the lives of thousands of traders so much easier. To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar. 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. In the “Modify order” tab you can adjust all or several orders placed for one or several accounts.
Opening a MetaTrader 4 Account
After downloading worldtradex 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. You can then drag and drop the desired indicator onto the price chart. Switching between various accounts in MT5 has been made smoother and faster.
- Forex trading platforms are designed with user-friendliness in mind.
- To delete a pending order, use the corresponding tab “Delete order”.
- Pending orders for all or some of the managed accounts can be placed in this tab.
- One noticeable change is its interface, which includes expanded menus.
- 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.
It is very user-friendly, any traders already using the MetaTrader 4 Client Terminal can easily familiarize themselves with this new program within a few minutes. In addition to the free indicators provided by worldtradex, users also have access to the top 12 MT4 plugins. These plugins allow you to customize the MT4 platform according to your specific trading needs. MetaTrader 4 and MetaTrader 5 are leading platforms for trading in the global Forex market. While both platforms are useful for experienced traders and beginners, the differences between them can significantly affect your choice.
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. Once it’s installed, log in using your account number and the password provided by your broker in a registration email. To do this, click on the “Login to Trade Account” tab and choose the broker’s registered server as a designated server.
Once you install MetaTrader 4, you’ll have your own special username and password to use. To understand how the platform works, it’s a good idea to take online courses and self-study trading theory. Practicing on a demo account, mirroring a real account but with virtual funds, allows traders to gain trading experience without risking their own money. 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. Counter positions for all or some of the managed accounts can be closed using this tab.
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. 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.
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. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. The MetaTrader 4 platform is thought out right down to the smallest detail.
There are several ways to open a trade in MetaTrader 4, you can place an order even directly from the chart with 1 click. worldtradex is a global online broker, offering its services since 2007. Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets. 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.
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.
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. This way, you’ll be able to get a hold of the platform and its functionality, gain experience in analysis and in trading.