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MetaTrader 4

Brand: MetaQuotes Software

  • 4.2

  • 14 Ratings & 10 Reviews

MetaTrader4 is a stock trading platform for analyzing financial markets by using expert advisors. This automated trading software has been the best bud of millions of traders for its elaborative services. The software not just allows you to do market trading, but also offers umpteen opportunities to traders and brokers at all levels. Whether it's flexible trading, technical analysis, algorithmic ...

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MetaTrader 4 Software Overview

What is MetaTrader4?

MetaTrader4 is a stock trading platform for analyzing financial markets by using expert advisors. This automated trading software has been the best bud of millions of traders for its elaborative services. The software not just allows you to do market trading, but also offers umpteen opportunities to traders and brokers at all levels. Whether it's flexible trading, technical analysis, algorithmic trading, or having expert advisors, MetaTrader4 allows you to do that as well. The software also comes with a mobile trading application.

Trading Signals and Market

Termed as one of the best stock trading software, MetaTrader4 majorly has 3 main integral components -- trading signals, mobile trading and market trading. The service of trading signals provides its users the access to imitate other traders' trades while, the trading market offers you to purchase from a wide range of features like technical indicators, expert advisors etc.
Due to the fact that this trading software is highly customizable, MetaTrader4 has always been one of the top preferences of marketers. It can be used for multiple purposes related to trading like automating trading, optimal use of the algorithms, to open and close trades, and many other advanced features.

Add-ons and Indicators

Apart from the multifarious features and benefits, MetaTrader4 has also laid emphasis on its add-ons and indicators. To put in simpler words, indicators are the technical analysis tools, that are specially crafted to assist the brokers and traders in the decision-making process during their time on the market. Some of the basic indicators present with MetaTrader4 are pivot points, renko indicator and order history.

On the other hand, if we speak of add-ons, they have been specifically designed to help the user customize the MetaTrader4 trading software as per the set goals or particular trading style. Some of the best add-ons provided are stealth orders, mini terminal, and alarm manager that can be customized to any extent.

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MetaQuotes Software Company Details

Founded Year:  2000

MetaQuotes Software Corp. has been developing B2B software for financial markets.

Director/Founders Renat Fatkhullin
Company Size 1-100 Employees

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MetaTrader 4 Features

Core Features

  • icon_check Portfolio Management
    Track and analyze investment holdings, returns, and asset allocation in real time.
  • icon_check Market Data
    Real-time and historical stock price feeds, trade volume, and market indices for analysis.
  • icon_check Watchlist
    A customizable list for monitoring preferred stocks, providing real-time updates on price and volume.
  • icon_check Charting Tools
    Visual tools for analyzing stock trends and patterns using technical indicators and price movements.
  • icon_check Order Control
    Tools to manage, modify, and cancel buy or sell orders efficiently on the trading platform.
  • icon_check Order Execution
    Automated system to process buy/sell orders directly via the broker and stock exchange.
  • icon_check Stock Screener
    Filters stocks based on specific criteria like market cap, P/E ratio, or price movement.

Order Execution

  • icon_check Limit Order
    An order to buy/sell at a specific price or better, ensuring price control but not guaranteed execution.
  • icon_check Market Order
    Buy/sell immediately at the current market price, ensuring execution but no price control.
  • icon_check Stop (Loss) Order
    Automatically sells stock when it drops to a pre-set price to minimize losses.
  • icon_check Stop Limit Orders
    Combines a stop-loss order with a limit order to sell/buy once a set price is triggered.
  • icon_check Trailing Stop Order
    Automatically adjusts stop price as the market price moves in favor of the position.

Research and Analysis

  • icon_check Sentiment Analysis
    Evaluates market sentiment from news and social media to gauge stock trends.
  • icon_check Multi-Timeframe Analysis
    Analyzes price trends across different timeframes for better decision-making.
  • icon_check Advanced Order Flow Analysis
    Tracks and analyzes buying and selling activity across the market.
  • icon_check Analyst Ratings
    Displays professional analyst opinions on stocks, including buy, hold, or sell recommendations.

Technical Analysis

  • icon_check Smart drawing tools
    Customizable tools to draw patterns like support, resistance, and Fibonacci retracements.
  • icon_check Trendlines
    Visual representation of stock price trends over time to predict future movements.
  • icon_check Technical Indicators
    Tools like RSI and MACD for analyzing stock price momentum and direction.
  • icon_check Custom Indicators
    Create and apply personalized technical indicators for unique trading strategies.
  • icon_check Automated Technical Patterns Detection
    Automatically identifies patterns like head and shoulders or flags.

Fundamental Analysis

  • icon_check Income Statement
    Displays a company’s revenue, expenses, and profitability over a specific period.
  • icon_check Industry Analysis
    Compares stock performance against industry benchmarks for relative valuation.
  • icon_check Earnings Forecasts
    Predicts future earnings based on historical data and market conditions.
  • icon_check Financial Ratios
    Key metrics like P/E and P/B ratios to evaluate stock value relative to financial performance.
  • icon_check Balance Sheet
    Shows a company's assets, liabilities, and shareholders’ equity for financial health analysis.
  • icon_check Cash Flow Statements
    Tracks cash inflows and outflows to assess company liquidity and operational efficiency.
  • icon_check Company Valuation Models
    Estimates a company’s value based on DCF, NPV, and other valuation methods.

Backtesting and Optimization

  • icon_check Paper Trading
    Practice trading without risking real capital using simulated environments.
  • icon_check Historical Data Simulation
    Tests trading strategies against past data to assess their effectiveness.
  • icon_check Strategy Tester
    Evaluates the performance of trading strategies before deploying them in live markets.
  • icon_check Strategy Optimization
    Fine-tunes trading strategies by adjusting parameters for improved performance.
  • icon_check Monte Carlo Simulation
    Uses probabilistic models to forecast trading outcomes in uncertain conditions.

Risk Management

  • icon_check Performance Analytics
    Tracks portfolio and trade performance through returns, drawdowns, and risk measures.
  • icon_check Risk Calculator
    Estimates potential profit/loss scenarios based on trade size and risk percentage.
  • icon_check Diversification Analysis
    Analyzes portfolio risk by evaluating asset allocation and exposure to different sectors.
  • icon_check Stop-Loss Automation
    Automatically implements stop-loss rules to limit potential trading losses.
  • icon_check Maximum Drawdown Analysis
    Measures the largest peak-to-trough decline in a portfolio's value.
  • icon_check Position Sizing Calculator
    Determines the appropriate trade size based on risk tolerance and market conditions.

Trading Options

  • icon_check Paper Trading
    Practice trading without risking real capital using simulated environments.
  • icon_check Swing Trading
    A strategy that captures shortto medium-term gains from price swings.
  • icon_check Intraday Trading
    Buy and sell stocks within the same trading day to capitalize on short-term movements.
  • icon_check Derivative Trading
    Trade derivatives like options, futures, and swaps based on underlying assets.
  • icon_check Algorithm Trading
    Executes trades based on pre-set algorithms without manual intervention.
  • icon_check Options Trading
    Allows the buying/selling of call and put options for speculative or hedging purposes.
  • icon_check Futures Trading
    Trade contracts to buy or sell assets at a future date at predetermined prices.
  • icon_check Forex Trading
    Enables trading in currency pairs based on fluctuations in the foreign exchange market.
  • icon_check Crypto Trading
    Buy/sell cryptocurrencies like Bitcoin and Ethereum on dedicated platforms.
  • icon_check Automatic Trading
    Uses automated systems to execute trades according to predefined criteria.
  • icon_check Spread Trading
    Speculative trading of the price difference between two assets.
  • icon_check Rotational Trading
    Alternates investments between sectors, asset classes, or strategies based on market trends.

Reporting & Analytics

  • icon_check Dashboards
    Visual displays of key metrics like portfolio performance, risk levels, and trade history.
  • icon_check Portfolio Tracking
    Real-time tracking of your investments, including value, returns, and allocations.
  • icon_check Customizable Reports
    Tailored reports to analyze performance, tax implications, or investment behavior.
  • icon_check Risk Analytics
    Analyzes portfolio risks by measuring volatility, drawdowns, and exposure.
  • icon_check Trade Performance Attribution
    Breaks down the source of trading gains or losses for better analysis.

Account Management

  • icon_check Audit Trail
    Tracks and logs user activity to maintain compliance and security.
  • icon_check Multi-Factor Authentication (MFA)
    Adds a second layer of security to protect accounts from unauthorized access.
  • icon_check User Access Management
    Controls who can execute trades, view reports, or manage funds based on assigned privileges.
  • icon_check Customizable User Interface
    Allows users to personalize the layout and appearance of the platform.
  • icon_check Account Summary Reports
    Provides detailed summaries of account balances, holdings, and transactions.

Integrations

  • icon_check Social Media Integration
    Connects with social platforms to track sentiment, discussions, and trends.
  • icon_check API Integration
    Connects with external APIs for custom trading, data feeds, or system automation.
  • icon_check Multi-Language Support
    Provides the ability to use the software in various languages for global accessibility.
  • icon_check Third Party Integration
    Supports tools like research platforms, analytics software, and financial news services.
  • icon_check Market Data Integration
    Links the platform to real-time market data feeds for timely trading decisions.
  • icon_check Brokerage Integration
    Connects to brokerage accounts for seamless trading and order execution.
  • icon_check Cloud Data Integration
    Stores and accesses trading data through cloud services for scalability.

Alerts & Notifications

  • icon_check Price Alert
    Notifies users when stock prices reach a specific target or threshold.
  • icon_check Push Notifications
    Sends updates directly to mobile devices for timely decisions.
  • icon_check Real-Time Market Updates
    Sends alerts on price changes, market movements, and breaking news.
  • icon_check News Alert
    Delivers important financial news related to specific stocks or sectors.
  • icon_check Sentiment Alerts
    Notifies users of changes in market sentiment based on social or news analysis.
  • icon_check Volume Alerts
    Signals abnormal trading volume, indicating potential market movements.
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MetaTrader 4 Specifications

Supported Platforms
Windows Windows iOS iOS Android Android MacOS MacOS
Devices
Desktop Desktop Mobile Mobile
Deployment
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Suitable For
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Business Specific
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Language
English

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MetaTrader 4 Reviews

4.2

Out of 5

img

Overall Rating

Based on
10 Verified Reviews

Rating Breakdown

  • Features 4.2
  • Value for Money 4.3
  • Ease of Use 4.2
  • Customer Support 4.2

85% Recommend this Product

Add Review

Suresh

Product Manager

Industry: Professional Services User since: 6-12 months

4.3

Reviewed on: Mar 21, 2025

Techjockey Verified

“Best for Forex and CFDs”

I trade forex and CFDs, and MT4 is perfect for that. The only issue is that it runs on 32-bit, so sometimes it lags when I load too much data.

Pros

Good execution speed, useful indicators.

Cons

Limited to 32-bit architecture.

Switched from Kaushik Trading System

Reason to switch

MT4 is still more popular and widely used.

AVIT Supaul

Owner

Industry: E-commerce User since: 1-2 years

4.5

Reviewed on: Mar 7, 2025

Techjockey Verified

“Works Well, But Feels Old”

MT4 is great for forex trading, and I like how I can customize everything. But the interface feels like it’s stuck in the early 2000s.

Pros

Reliable and customizable.

Cons

Outdated design.

Switched from NeoTrader

Reason to switch

MT4 has better broker support.

If I order a plantronic voyager 5200 UC delivery w

Freelancer

Industry: Graphic Design User since: 6-12 months

4.3

Reviewed on: Feb 27, 2025

Techjockey Verified

“Great for Learning Trading”

As a beginner, I found MT4 easy to learn, and there are many guides online. I just wish it had a built-in economic calendar for tracking events.

Pros

Simple layout, lots of tutorials available.

Cons

No built-in economic calendar.

Switched from KeyStocks Lite

Reason to switch

MT4 has a better focus on forex trading.

See All MetaTrader 4 Reviews

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On what operating systems can MetaTrader4 function?

MetaTrader4 works on almost all Operating Systems, whether it’s a Mac or Windows, it is compatible with all.

What all trading options does MetaTrader4 has?

MetaTrader4 provides a long list of options to choose from. One can pick from indices, forex pairs, cryptocurrencies, commodities and many other.

Can one set buy/ sell limits with MetaTrader4?

Yes, MetaTrader4 allows to set the buy/ sell limits in the ‘orders’ tab.

Are there any price alerts?

Price alerts can be set in MetaTrader4 using the ‘alerts’ tab.

How many accounting modes are present within MetaTrader4?

The 5th generation platform currently supports two types of accounting modules

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Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:

  • the GSTIN of the user associated with their registered business, and

  • the specified Entity Name for their business.

It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.