The MetaTrader 4 Platform (MT4) developed by Metaquotes Software Corp, is one of the most globally recognized trading platforms used by retail Forex traders. MT4 is a professional trading suite offering an array of customization features that can adapt to meet the demands of both the most experienced and novice trader.
The client terminal includes a built-in editor and compiler with access to a user contributed free library of software, articles and help. The software utilizes a proprietary scripting language, MQL4, which enables traders to develop and run custom indicators and scripts known as Expert Advisors.
An Expert Advisor is a piece of software written specifically for the MetaTrader Platform. The Expert Advisor (EA) can advise traders on which trades to make or can be programmed to automatically execute the trades on a live account.
The user-friendly MT4 software will run Expert Advisors, allow for manual one-click execution, features a full range of stop and limit orders, and offers a robust menu of charting and analytical tools. MT4 is available on a number of devices, from iPad and Smartphone to traditional desktop trading.