In order to trade in the financial market, traders need a program that allows them to analyze quotes, make trades and develop strategies. They also need to control their trading accounts by using some kind of mobile devices. Another group of accounts that need to be managed are investors’ accounts. All of the above can be handled by the MetaTrader 4.
With MetaTrader 4, you can have all this, too!
Trading using robots is known under the different names: automatic trading system and even mechanical system, and also algorithmic trade. Each robot comprises a certain trading strategy and the trading module intended for supervision over the market and transactions. The algorithm of the robot makes the decision on such trading aspects, as time, the price or quantity.
What is Trading Robot?
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the brokers customers, which use it to see live streaming prices, charts and to place orders as well as manage their account.
The client is a Microsoft Windows-based application that became popular mainly due to the ability for end users to write their own trading scripts and robots that could automate trading. In 2010 MetaQuotes released a successor, MetaTrader 5, however uptake was slow and as of early 2012 most brokers still used MT4.
The MetaTrader 5 Trading Platform is designed to provide brokerage services to traders in Forex, CFD, Futures, as well as Stock markets.
Traders will find everything that’s necessary to trade in financial markets: a flexible trading system, technical analysis of quotes and fundamental analysis, financial news, alerts, automated trading and mobile trading. Today MetaTrader 5 is one of the best forex trading software.
MetaQuotes Software Corp is a software company that produces online trading platform MetaTrader 4 more commonly known as MT4. It specializing in the development of software for financial markets and is registered in Cyprus but founded and primarily based in Russia. The companies main focus is on Forex market trading software with its trading platform MetaTrader being used in over 450 brokerage companies and banks all over the world.
