【intro02】Not just chart analysis — know what you can do with MT4 - MetaTrader (MetaTrader) Q&A［FX攻略.com Editorial Department］ - Navi+ - GogoJungle | Auto Trading - Market Analysis

A Representative Trading Tool Expanding the World of FX

MT4 is a charting software trusted by traders worldwide, offering very advanced features for free. It is a versatile trading platform that satisfies both beginners and advanced users, and with this one tool you can really do a wide range of things.

As you can see from the “12 Benefits You Should Use MT4 Right Now” listed below, MT4 is full of advantages, and among them, its chart analysis features are outstanding, with many professional traders conducting daily market analysis on MT4. Its high customization capability, allowing anyone to easily build the same environment as professionals, is also one of its charms. In addition, MT4 is valuable not only for automated trading but also as a discretionary trading tool, enabling a variety of trading. As you master its use, MT4 becomes indispensable.

12 Benefits You Should Use MT4 Right Now

Even a quick glance reveals so many benefits!!

Benefit 1. Completely free to use

The biggest advantage of MT4 is that a feature-rich, highly usable FX trading platform is available to anyone for free. There is no doubt it has greatly contributed to the development of the FX industry.

Benefit 2. Excellent customization

In MT4 you can display multiple indicators on a single chart and arrange multiple charts neatly. It’s attractive because you can freely build your preferred FX environment.

Benefit 3. Lightweight performance

Designed to run on computers as they were in 2005, today’s more powerful PCs will run it very smoothly compared to that era.

Benefit 4. High design freedom

Backgrounds, candlestick bodies, lines, and curves can all be freely recolored.

Benefit 5. Immediate automated trading

If you have an Expert Advisor (EA), you can start automated trading immediately.

Benefit 6. Custom indicators

One of MT4’s major attractions is the ability to freely add your own independently developed indicators.

Benefit 7. Widely used by professionals

Many professional traders use MT4 for chart analysis and trading.

Benefit 8. Analysis possible on weekends

MT4 can fetch past rates even on weekends, so chart analysis is possible.

Benefit 9. Discretionary trading also possible

Although automated trading is prominent, MT4 also excels at discretionary trading.

Benefit 10. MT4 on smartphones

Chart analysis and discretionary trading with the default indicators can be done without issue.

Benefit 11. Global user base

With users around the world, you can also obtain custom indicators created by international users.

Benefit 12. Latest version “MT5”

MT5 succeeded MT4 in 2010, but for now MT4 remains more mainstream.

Focus Here! Free-Style Customizable “Chart Analysis”

Checkpoints

Standard 50+ technical analyses are pre-installed
Can add custom indicators
Can draw lines and shapes on charts
Save your own analysis patterns for quick recall
Save configurations of multiple chart combinations for easy recall

The range of analysis options is infinite!

In addition to abundant technical indicators, custom indicators, and drawing tools on charts, there are features like saving chart patterns and saving combinations of charts, making it a highly useful set of features.

Focus Here! “Automated trading” Used by Traders Worldwide

Checkpoints

By obtaining EA, you can start automated trading immediately
If you have programming knowledge, you can create an EA
Backtesting shows how an EA would perform against historical candle data stored in MT4

With EAs you don’t need to stay glued to the market

In MT4, you use programs called EAs (Expert Advisors) to perform automated trading. Generally, the advantage of EAs is confirmed via backtesting.

Focus Here! Actually Convenient and Comfortable “Discretionary Trading”

Checkpoints

All basic order types such as market orders, limit orders, and stop orders are available
Quick order function is also available
Prices where orders are placed are shown as lines on the chart
Orders can be completed on the chart, simplifying the trading environment

Manual trading is also feasible

In addition to automated trading, MT4’s discretionary trading is appealing. Because you can trade directly on the chart, there is no need to open a separate trading screen.

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FX攻略.com MT4 Feature

This MT4 feature on FX攻略.com is for those who are interested in MT4 but are hesitant because it seems difficult.

FX攻略.com editors are giving away the【MT4 Start Manual】to all applicants!!!!

For details on how to obtain the manual, please check “MT4 Comprehensive Feature｜Introduction to How to Use Meta Trader 4 from Zero Knowledge.”