In online forex trading, MT4 platform has become the most popular platform. A multitude of technical analysis tools and the built-in MQL4 language for constructing indicators and trading robots make the current edition of the trading platform one of the most popular in the world today.
Here are a few of the platform’s most important characteristics that have made it so popular.
· Automatic trading:
One of the most noticeable features when MetaTrader4 was originally released was its ability to execute trades automatically. Importing an automated trading system to the forex trading MT4 platform is still one of the most straightforward processes in today’s world of trading platforms. You may easily create your automated trading system using the MQL programming language pre-installed on the MT4 platform.
· Easy to use:
The ease of use of the MT4 platform is yet another important characteristic. Less time is required to become proficient with MT4 than on other platforms. It offers a user-friendly UI. In a matter of seconds, you’ll be able to view your trades in charts and candles.
· Technical analysis tools:
MT4 comes with 30 technical indicators and 24 graphical elements pre-installed, and it also supports the usage of custom indicators made by members of the MT4 community. Additionally, anyone can create new technical indicators and code plugins, a wonderful feature.
· One-click trading:
When the MT4 was first released in 2005, one-click trading was not an option, but it was added later, and now it is a vital part of the MT4. By right-clicking on the chart and selecting ‘one-click trading,’ you may add single-click trading to your portfolio.
· Large community:
An extensive community of developers contributes to the growth of the MT4 platform. Automated trading, market indications, and platform customization are just some of the services provided by this community of developers.
The platform’s success and growth can be attributed to its active developer community and the numerous features available on the platform.