MetaTrader MT4 Charting Package

One of the key elements required for Forex trading is a top class charting package. The MetaTrader MT4 professional charting has fast become one of the most popular Forex trading packages in use today.

Licensed to over 100 forex broker’s world wide; makes MT4 the most recognized charting software available to forex traders. Charting software is crucial to traders analyzing the market to determine trends and predict potential future moves in the market.

MetaTraders cutting edge, real time charting software is freely downloaded from the web and can be up and running in minutes. There are also many trading forums and sites available to assist traders with using the software.

MT4 software offers more than 50 standard indicators and tools used by traders to analyze the market. There are also thousands of custom indicators available as free downloads that can be used with the software.

The MT4 charting allows for multiple charts on a single screen that retains all its preset indicators and settings. Templates and profiles allow the trader to set up various trading strategies, save them; and have them available at the click of a mouse without closing the user friendly trade terminal showing all the open positions and contingent orders.

MT4 charting also has back testing facilities for automated trading systems that allow traders to test strategies prior to implementing them.

Price and time alerts are also simple to implement, alerting traders when the market hits a predefined price or time that can be useful for entering or exiting the market and warning of impending news.

Record keeping is made simple as the system keeps track of all trades and orders in real time, updating immediately when orders are executed by the trader.

In addition the software also supports automated trading systems called “Expert Advisors” or (EA’S) that analyze and trade the market whilst the trader sleeps or is away from their computer. Even if you are not a computer programmer your preferred trading system can be programmed by a trader who is familiar with the unique mql4 language used by MetaTrader.

MT4 also offers Mobile Trading software that incorporates a wide range of professional analytical tools and trading facilities for traders constantly on the move; but need to stay current on the latest market moves and news.