Forex trading platforms are designed with user-friendliness in mind. Aiding in risk mitigation are mechanisms like stop-loss and take-profit orders, designed to optimize the sought-after profit margins. Additionally, mastery of trading is underpinned by delving into both fundamental and technical analyses. Switching between various accounts in MT5 has been made smoother and faster.
Economic Calendar 101: Plan Your Trades Like a Pro
Counter positions for all or some of the managed accounts can be closed using this tab. Every connected account that has open counter positions and every open position are displayed in table lines. If there is no need to close positions for an account, this account line must be unchecked in the table. To close counter positions for a particular instrument, press “Multiple Close By” button. An opposite position in relation to the given position is a counter position for the same instrument. If there is one or more counter positions among open positions, the selected position can be closed by the counter one.
The platform was developed using the MQL programming language, which is popular among experts and runs smoothly even on computers with limited resources. In the “Modify order” tab you can adjust all or several orders placed for one or several accounts. If only some of positions or orders should be modified, these particular positions or orders should be checked. All open positions and pending orders are displayed in the “Orders” tab. All trading operations data is displayed as a table with fields. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts.
It is very user-friendly, any traders already using the MetaTrader 4 Client Terminal can easily familiarize themselves with this new program within a few minutes. This video will provide you with step-by-step instructions on how to download, install the MetaTrader trading platform and connect it to your trading account. Worldtradex is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.
It is worth noting that when you select a specific instrument, only those accounts that have open positions for this instrument will be automatically displayed. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the two trading platforms available to Worldtradex clients for retail trading. Today, MT4 and MT5 are considered the most popular terminals to trade CFDs. Although demo and live accounts share technical similarities, the difference in mindset when using each is significant. Decision-making, especially related to opening or closing positions, becomes more complex when real money is at risk.
Apart from the provided plugins and indicators, you can also acquire additional plugins, and if you’re tech-savvy, you can even create your own. Each MetaTrader 4 indicator and plugin has a distinct purpose, working together to create a cohesive toolkit that helps you execute optimal trading strategies. MetaTrader 5 introduces enhancements for both automated and market orders.
It supports the execution of 2 market orders, 6 pending orders, and 2 stop orders. Furthermore, the MetaTrader 5 platform comes with an integrated economic calendar. The opportunities in the Forex market are unlimited and available to everyone. Achieving your goals requires smart money management and skillful trading decisions. In case of any disputes or issues, you can request your transaction records to protect your rights.
Accessing MetaTrader with an Investor Password
- Only the MetaTrader version for PC allows you to use Experts Advisors and install custom indicators.
- After downloading Worldtradex MT4, you’ll automatically gain access to Autochartist.
- Several counter positions can be closed using the “Multiple Close By” tab.
- Achieving your goals requires smart money management and skillful trading decisions.
- Simply install the MetaTrader 4 or MetaTrader 5 application on your device and get Internet access.
The system automatically distributes the total trade volume among several accounts depending on free margin, account balance and profit. Accounts opened for MetaTrader 4 are compatible with this version of the trading platform only. You cannot connect to your MT4 account using the MT5 trading platform and vice versa. To access complementary Worldtradex’ indicators and plugins, you need to have an Worldtradex MT4 account. The Worldtradex MetaTrader 4 demo account replicates the real MT4 platform, including four trading windows and a choice of over 80 markets. Select the trading instrument for which you want to close the position and click the corresponding “Close” button.
MT4 dianggap sebagai platform perdagangan terbaik di kalangan amatir dan profesional
When you download Worldtradex MT4, you’ll receive a collection of free indicators. MetaTrader 4 indicators are powerful technical analysis tools. They allow you to identify Worldtradex website market trends and reversal points, as well as track historical highs and lows of a selected instrument.
- Then, drag the EA from the Navigator window and drop it onto an open price chart.
- Select the trading instrument for which you want to close the position and click the corresponding “Close” button.
- The new terminal successfully combines great functionality, which allows effective handling of multiple accounts, with exceptional usability.
- Counter positions for all or some of the managed accounts can be closed using this tab.
- + 5 types of trade volume distribution among accounts when placing a new order.
Working tirelessly, Autochartist swiftly notifies users about new trading prospects. To access indicators and plugins on the MT4 platform, go to the “Navigator” window in the top-left corner of the screen and open the “Indicators” folder. You can then drag and drop the desired indicator onto the price chart. In addition to the free indicators provided by Worldtradex, users also have access to the top 12 MT4 plugins. These plugins allow you to customize the MT4 platform according to your specific trading needs.
Opening a MetaTrader 4 Account
This seamless transition makes it easy to apply different trading strategies across multiple accounts. MT5 offers an increased variety of indicators compared to MT4, including new analytical and graphical elements. The new terminal successfully combines great functionality, which allows effective handling of multiple accounts, with exceptional usability. The interface is similar to that of the MetaTrader 4 Client Terminal.
MetaTrader for personal computer
MetaTrader 4, developed by MetaQuotes Software Corporation, is favored among numerous Forex brokerage firms. Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders. The MetaTrader for mobile devices version doesn’t support Expert Advisors and custom indicators.
The Worldtradex MT4 demo account provides access to a wide range of markets and allows you to try out trading strategies risk-free. Additionally, this account offers the same selection of free plugins and indicators as a live account. Multiple close of several counter positions allows simultaneous closing of more than two counter positions for one instrument. Several counter positions can be closed using the “Multiple Close By” tab.
When you download MT4 from Worldtradex, the MACD and Moving Average EAs are already installed. Once it’s installed, log in using your account number and the password provided by your broker in a registration email. To do this, click on the “Login to Trade Account” tab and choose the broker’s registered server as a designated server. The MetaTrader 4 interface comprises an array of functional windows. The investment instruments tab, for instance, showcases assets earmarked for buying and selling.
What is MetaTrader 4?
To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar. Then, drag the EA from the Navigator window and drop it onto an open price chart. You’ll know the EA is active when you see a smiley face icon in the upper-right corner of the price chart where the EA is applied.
The MetaTrader platform for mobile devices allows you to trade conveniently anytime, anywhere. Simply install the MetaTrader 4 or MetaTrader 5 application on your device and get Internet access. Worldtradex is a global online broker, offering its services since 2007. Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets. Expert Advisors (EAs/trading robots) https://worldtradex.site/ are essential if you seek to automate your trading. You can find EAs under the “Navigator” tab in the upper-left corner of the screen.