It is flexible enough to implement both simple and highly complex trading strategies. The platform supports trading in Forex, indices, and cryptocurrencies. MetaTrader 5 is a sophisticated trading platform with lots of analytical tools.

The MT4 platform offers the highest security standards to protect traders’ octafx broker reviews funds. The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers. This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual investors, introducing brokers, and trading companies.

Offers

The Market Watch window with two tabs is on the left of the charts. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs. Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors.

It is known to be quite popular among intraday trading pros and algorithmic traders thanks to its advanced features. Open an MT5 account to trade on 230 instruments enjoying the platform’s advanced tools and Octa’s excellent trading conditions. It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform. On desktop, simply right-click on the list of symbols and select the Show All option. On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list.

• Choose from 300+ trading instruments, including shares, commodities, and indices.
• Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform.
• On desktop, simply right-click on the list of symbols and select the Show All option.
• With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators.

Candlestick chart

Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques. The account works like a real account, except it allows you to trade with virtual funds rather than real money. Experienced traders often use MetaTrader 4 demo accounts to test new trading strategies before using them in real trading. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators. Automated trading helps traders enter and exit positions much faster than manual trading. The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements.

Expert Advisors (trading robots) in MetaTrader 4

Switch devices, manage orders on the go, analyse markets with AI, and share your opinion with the community. Bitcoin, Ethereum, and Litecoin are available on the MetaTrader 4 platform. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more). You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text. Choose from 300+ trading instruments, including shares, commodities, and indices.

• The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs.
• You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text.
• At Octa, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund.
• At Octa, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind.
• It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform.

Why traders choose MetaTrader 5

It offers tools for price change tracking, trend pattern recognition, and automated trading. At Octa, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. MT4 opens with four charts by default, each representing a unique currency pair.

This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities. Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. We strive to offer the best trading conditions on the market to make trading more effective for our traders. Bring your trading to the next level with OctaTrader, Octa’s own trading platform.

It’s also possible to open trading orders straight from the chart. At Octa, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading. EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system.

Scalping allows traders to take profit opportunities even when the price changes are very small. To make any meaningful profit with this strategy, you need to place multiple intraday trades. Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits. As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage.

These indicators allow traders to predict or confirm trends, patterns, and support and resistance levels. They are categorised into types, such as Trends, Oscillators, Volumes, and Custom. You can choose from a range of available indicators, download a custom indicator, or create your own. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability.