Forex trading relies on sound judgment and collating and analyzing information to make informed trades. It is arguably a 24/7 endeavor, and the advent of apps and downloads has made this possible with real-time information available in the palm of your hand. Given how forex is influenced by world events, having relevant information accessible easily is one of the keys to success when trading forex.

The MetaTrader 4 trading platform has come to dominate other platforms and frequently tops download charts. In particular, the FxPro MT4 download has proved popular with traders, so let’s take a deep dive into MetaTrader’s offering.

FxPro MT4 App

The MT4 platform is available in a desktop format on Windows and Apple machines. As a mobile app, it is available on both Android and iOS and has a 4* rating on the Apple App Store. MetaTrader has opted for a trading system that allows you to use complex strategies. Using the platform, you have access to:

  • 3 execution modes
  • 2 market orders
  • 4 pending orders
  • 2 stop orders and a trailing stop
  • Tick chart and trading history
  • Instant execution and trading from a chart

Analytics at Your Fingertips

Superior analytics is one of the keys to successful trading. The MT4 App has good analytical tools built in that allow you to react in real-time to changes in the market and respond in the way you deem fit. Specifically, it comes with interactive charts, 23 analytical objects, and 30 technical indicators that put plenty of information at your fingertips. Popular indicators include 50-, 100- and 200-day moving averages. Should you ever need more, you can turn to MetaTrader’s app store to download thousands of additional indicators.

Copy Trading Made Easy

The ability to copy trades is a must-have for a forex trader as it saves you time, and you can leverage other investors’ expertise. MetaTrader has made this so simple it’s just a question of selecting a provider and subscribing to his or her signal through the platform. Signals are available from both paid and unpaid subscribers, and you can mitigate risk by using a demo account instead of a live account.

The FxPro MT4 App Market

The MT4 also features an Expert Advisor, trading robot, and technical indicator marketplace. There are over 1700 robots and 2100 indicators to choose from, which make it easier than ever before to craft effective trading strategies. Purchases are processed through the MetaTrader website and are fully transparent, simple, and secure.

Algorithmic Trading Options

The MT4 platform also comes with algorithmic trading capabilities. Here, you can develop trading strategies using an Expert Advisor, making let the app trade on your behalf, based on rules that you have written as code. This finally makes it possible for you to free yourself from routine market analysis by using a trading robot for trading and analytics.

Metatrader has included a development environment that allows you to test and optimize your trading programs before running them in your trading account. It’s also possible for you to sell your app in the MetaTrader Market and share it online for others to download for free. The choice is yours.

Algorithmic trading options include:

  • MQL4 programming language;
  • MetaEditor, where Expert Adviros are created;
  • Strategy tester, where Expert Advisors are tested;
  • A library of free and paid-for trading robots.

Overall, Metadata’s offering is worth checking out. Do so today.