257:
worth trading. Such mode offers a certain knowledge of price combined with guaranteed execution at that price. The tradeoff is the reduced speed of execution, which can take a lot longer than other modes. With Market execution, the orders will be executed with broker's price even if it is different from that displayed in the platform. The advantage of this mode is that it allows trading without any sort of requotes. However, deviation can get considerable during volatile price changes. In
Exchange execution mode, the order is processed by the external execution facility (the
129:. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker's customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.
136:-based application that became popular mainly due to the ability for end users to write their own trading scripts and robots that could automate trading. In 2010, MetaQuotes released a successor, MetaTrader 5. However, uptake was slow and as of April 2013 most brokers still used MT4. While there is no official MetaTrader 4 version available for
190:
159:
In
October 2009, a significantly re-coded MetaTrader 5 went into public beta testing. The first MT5 live account was subsequently launched by InstaForex in September 2010. In 2013 and 2014, the MQL4 programming language was completely revised eventually reaching the level of MQL5. Starting from build
256:
is high and the requested price cannot be served. Request execution mode enables trader to execute a Market order in two steps — first, a price quote is requested, then, a trader decides whether to buy or sell using the received price. A trader has several seconds to decide if the received price is
320:- the core of the system, the server part. Designed to handle user requests to perform trade operations, display and execution of warrants. Also, sends price quotes and news broadcasts, records and maintains archives. Works as a service. Does not have a separate interface.
224:
enabling integration with other financial trading systems for automatic hedging of positions. In late 2012 and early 2013, MetaQuotes
Software began to work towards removing third-party plugins for its software from the market, suing and warning developers and brokers.
288:-like programming language allows users to program trading strategies, indicators and signals. 50 basic indicators are included, each of which can be further customized. The software runs on Windows 98/2000/XP/Vista/7. Some users have reported success using
363:
or exchange-traded futures. At the same time, MetaTrader 5 also works with equities and commodities exchange-traded commodities. Both MetaTrader 4 and 5 can use custom indicators and trading programs (called Expert
Advisors) for trading automation.
27:
197:
The client terminal includes a built-in editor and compiler with access to a user contributed free library of software, articles and help. The software uses a proprietary scripting language, MQL4/MQL5, which enables traders to develop
155:
Between 2007 and 2010, a number of brokerages added the MT4 platform as an optional alternative to their existing trading software due to its popularity with traders and the large number of third party scripts and advisors.
252:. With Instant execution, the order will be executed at the price displayed in the platform. Its advantage is that the order will be executed at a known price. However, a good trading opportunity can be missed when the
219:
MT4 is designed to be used as a stand-alone system with the broker manually managing their position and this is a common configuration used by brokers. However, a number of third party developers have written
151:
Its developer, MetaQuotes
Software, had previously released a number of versions of the MetaTrader platform starting in 2002. MetaTrader 4 was a significantly enhanced version and was released in 2005.
175:
163:
Although MT5 was introduced in 2009, according to a study conducted in
September 2019, MetaTrader 4 was still the most popular Forex trading platform in the world at the time.
416:
800:
280:- the client part. Provided free by brokerages for real-time online trading and as Demo (practice trading) accounts. This provides trade operations, charts and
725:
178:, where MetaQuotes originates, the company's representative stated that the removal was due to non-compliance with the App Store Review Guidelines.
751:
236:. Pending orders will be executed only when the price reaches a predefined level, whereas Market orders can be executed in one of the four modes:
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and can be an intermediary between the server and client terminals. It reduces the price quote sending load on the main server.
900:
619:
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181:
Later, on March 6, 2023, after the company made changes to the app, both MT4 and MT5 iOS apps were back to App Store.
119:
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On
September 24, 2022, it was reported that MetaTrader 4 and MetaTrader 5 platforms had been removed from
729:
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202:, custom indicators and scripts. MetaTrader's popularity largely stems from its support of
297:
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221:
681:
Expert
Advisor Programming: Creating Automated Trading Systems in MQL for MetaTrader 4
1052:
143:
Metatrader is also available for mobile and supports
Android, iOS and Windows mobile
594:
570:
360:
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26:
171:
126:
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948:
875:"User Guide for the online trading platform EF MetaTrader 5 for Android OS"
140:, some brokers provide their own custom developed MT4 variants for Mac OS.
398:
212:
hosts a large group (over 12,000 members) devoted to development of free
73:
49:
502:
975:
399:"Download the MetaTrader 5 platform for trading on financial markets"
273:
The complete MetaTrader 4 package includes the following components:
209:
137:
571:"For the first time ever: MT5 real accounts from In... 14.09.2010"
332:- designed to handle trade inquiries and manage customer accounts.
293:
188:
659:"MetaTrader 4 and 5 Applications are back in the Apple App Store"
634:"MT4 and MT5 Trading Apps Have Been Removed from Apple App Store"
472:
926:
314:. Runs on Windows Pocket PC 2002/Mobile 2003, iOS, and Android.
57:
174:. While it was alleged that the removal was connected to the
445:. Metatrader Programming. March 17, 2012. Archived from
306:- controls a trading account via mobile devices such as
417:"XEMarkets Launches XEM MT4 for Mac Operating System"
326:- is designed to remotely manage the server settings.
471:. Metatrader 4 mac. October 12, 2014. Archived from
925:. Metatradermac.info. 16 April 2013. Archived from
469:"Full list of brokers with native Mac MT4 versions"
419:. Forex Broker News. April 10, 2013. Archived from
89:
79:
63:
43:
33:
901:"Installing Metatrader 4 Forex Charts Under Linux"
752:"MetaTrader_Experts_and_Indicators - Yahoo Groups"
620:"Forex Trading Industry Statistics and Facts 2020"
261:). The trade is executed according to the current
359:but it is not designed for full-time work in the
1019:"MetaTrader 5 vs. MetaTrader 4 Comparison Table"
779:"MetaQuotes Warns Brokers About Illegal Plugins"
728:. MQL Magazine. 21 November 2009. Archived from
228:MetaTrader provide two types of trading orders,
525:"MetaTrader 4 Brokers and Tutorial | History"
8:
827:"MT4 Instant and Market Execution Explained"
355:. Some brokerages use MetaTrader 4 to trade
19:
160:600, MQL4 and MQL5 use unified MetaEditor.
25:
18:
296:for the client terminal and on Mac using
632:Oladipupo, Solomon (24 September 2022).
390:
7:
855:. Price Markets (UK). 8 January 2015
853:"MT4 ECN – Open and Close Positions"
622:. DailyForex.com. 9 September, 2020
193:A chart from the MT4 trading screen
679:Young, Andrew (16 December 2009).
14:
949:"MetaTrader 4 for Windows Mobile"
176:international sanctions on Russia
726:"Novelties of the MQL5 language"
379:Electronic communication network
971:"MetaTrader 4 on The App Store"
170:but was still available on the
923:"Installing Metatrader on Mac"
777:Finberg, Ron (22 March 2013).
1:
1044:Trading Platform MetaTrader 4
998:"MetaTrader 4 on Google Play"
899:Jafar Calley (17 June 2010).
705:"Programming of mql4 vs mql5"
443:"Running MetaTrader on a Mac"
1079:Electronic trading platforms
803:. MetaQuotes. Archived from
278:MetaTrader 4 Client Terminal
1069:Technical analysis software
595:"MT4 Build 600: Full Recap"
374:Straight-through processing
351:The platform is focused on
284:in real time. The internal
120:electronic trading platform
74:Technical analysis software
16:Electronic trading software
1095:
1074:Electronic trading systems
324:MetaTrader 4 Administrator
216:software for MetaTrader.
85:Metaquotes Software Corp.
39:Metaquotes Software Corp.
24:
754:. Yahoo!. Archived from
336:MetaTrader 4 Data Center
683:. Edgehill Publishing.
549:"Download MetaTrader 5"
124:retail foreign exchange
495:"Meta Quotes Software"
194:
122:widely used by online
192:
801:"Types of Execution"
330:MetaTrader 4 Manager
903:. AboutCurrency.com
833:. 10 September 2013
807:on 30 December 2015
638:Financemagnates.com
475:on October 18, 2014
318:MetaTrader 4 Server
304:MetaTrader 4 Mobile
204:algorithmic trading
127:speculative traders
21:
1059:Financial software
781:. Finance Magnates
601:. 10 February 2014
575:www.instaforex.com
529:www.daytrading.com
403:www.metaquotes.net
282:technical analysis
250:Exchange execution
195:
172:Android Play Store
1064:Financial markets
758:on April 28, 2015
551:. 12 October 2009
449:on March 18, 2014
423:on April 22, 2017
242:Request execution
238:Instant execution
168:Apple's App Store
134:Microsoft Windows
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732:on 25 April 2010
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505:on 28 April 2015
501:. Archived from
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338:- a specialized
246:Market execution
222:software bridges
132:The client is a
114:, also known as
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70:Trading platform
45:Operating system
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929:on 3 April 2015
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263:depth of market
200:Expert Advisors
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1038:External links
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230:Pending Orders
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185:Functionality
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1023:. Retrieved
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1001:. Retrieved
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953:. Retrieved
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931:. Retrieved
927:the original
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905:. Retrieved
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857:. Retrieved
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805:the original
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661:. 2023-03-06
653:
643:25 September
641:. Retrieved
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603:. Retrieved
599:PimpMyEA.com
598:
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578:. Retrieved
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361:stock market
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112:MetaTrader 4
111:
110:
103:/metatrader4
35:Developer(s)
20:MetaTrader 4
479:October 13,
298:WineBottler
214:open source
97:.metaquotes
1053:Categories
1021:. FXStreet
665:2023-06-25
580:2022-06-09
534:2022-06-09
499:TTFXFC.com
385:References
269:Components
254:volatility
453:March 17,
427:April 11,
1025:28 April
1003:28 April
982:28 April
933:28 April
907:28 April
785:28 April
762:28 April
736:28 April
710:28 April
605:28 April
555:28 April
509:28 April
368:See also
347:Products
259:exchange
118:, is an
955:24 June
147:History
90:Website
81:License
54:Android
50:Windows
976:iTunes
884:2 June
859:2 June
837:2 June
811:2 June
687:
248:, and
210:Yahoo!
138:Mac OS
878:(PDF)
294:Linux
1027:2015
1005:2015
984:2015
957:2019
935:2015
909:2015
886:2015
861:2015
839:2015
813:2015
787:2015
764:2015
738:2015
712:2015
685:ISBN
645:2022
607:2015
557:2015
511:2015
481:2014
455:2014
429:2013
312:PDAs
290:Wine
232:and
99:.net
65:Type
357:CFD
310:or
292:on
116:MT4
101:/en
95:www
58:iOS
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286:C
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
