30 built-in indicators - Perform extensive technical analysis of asset prices using the different types of available mathematical indicators.Visualise price action by shifting through different chart types with just a single click. 3 charts (line, bar, and candlesticks) - Direct trading from asset price charts.9 timeframes (M1, M5, M15, M30, H1, H4, Daily, Weekly, and Monthly) - Enhance your trading activities by capturing optimal prices on shorter timeframe charts, while also watching the bigger picture on longer timeframe charts.EA functionality - Deploy automated trading strategies with ease and efficiency.One-click trading - A single click to open or close trade positions in the market.Here are the main features of the AvaTrade MetaTrader 4 trading platform: The Strategy Tester is an EA testing and optimisation unit which allows for the thorough assessment and tweaking of automated trading strategies to ensure they are deployed in the live market with the best parameters possible. The MetaEditor is an EA editor and compiler tool which allows for the creation, editing, compiling and debugging of MQL4 source code. The MQL4 IDE also consists of the MetaEditor and Strategy Tester. Libraries - These are sets of custom functions that are designed to store and easily distribute parts of custom applications that are commonly used on the MetaTrader 4 platform.For instance, there can be a script to close all pending orders or to delete all the indicators on a chart. Scripts - A script is an application that can be programmed to perform any function on the MetaTrader 4 platform.Custom Indicators - Aside from the built-in technical indicators, traders can also develop their own custom mathematical tools to perform any analytical operation based on defined conditions.Expert Advisors (EAs) - EAs are programmes that make it possible to apply automatedĪutomated strategies in the forex market.MQL4 is based on the popular C++ and its flexibility can help create the following: It supports the native MQL4 (MetaQuotes Language 4) programming language, which enables the development of various custom trading tools to be used directly on the MetaTrader 4 trading platform. MetaTrader 4 features the highest security and technology standards. MQL4 is the native programming language that enables the development of various custom trading tools to be used directly on the MetaTrader 4 trading platform. The entire ecosystem that supports automated or algorithmic trading is harmonised and available on the MQL4 IDE (integrated development environment).
MetaTrader 4 also supports the creation, modification, and utilisation of automated trading strategies.
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