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Other Features in Metatrader 4

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Other Features in Metatrader 4

Post by Jacq Stone on Thu Oct 27, 2011 9:25 am

The MetaTrader 4 is user friendly software and has many extra features as mentioned. It can shift between the line, bar and candlesticks chart plus different timeframe that available in the toolbar. Besides, it can be changed up to 24 languages based on user suitability and convenient. The background may be changed too according to user preference. A lot of technical indicators and line studies can be input to the market chart.

Other than that, the bottom part of the figure is the terminal features in MT4. It gives information of current trade position details, traderís account history, news and journals.

Next, the most advanced feature of the MT4 is the MetaEditor which enables the custom creation of own Expert Advisor automated trading program by the use of MQL language, which is quite similar to the C programming, to compile the program codes. There is built in dictionary to teach and help user to develop the codes.

Moreover, the strategy tester feature in MT4 allows back-test simulation to carry out in order to evaluate the EA developed. The back-test can be done either in visual mode or not. The visual mode models the simulation to the real time executions. In the strategy tester, user can modify the test setting such as currency pair, tested EA, use date, and timeframe. When the back-test is finished, the software automatic generates the results.

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Jacq Stone

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