MetaQuotes, which has been around since 2000, is highly regarded as a pioneer in the field of creating trading and financial software. The firm nowadays has representation in a broad variety of nations.
MetaQuotes offers a one-of-a-kind environment for software engineers. Trading apps from the firm range from the basic FX Charts platform to the more complex MetaTrader 4 and MetaTrader 5 platforms.
When MetaQuotes originally released FX Charts, it was a dependable and innovative tool for trading in the Forex market. The system allowed users to do a variety of analyses and trades. In comparison to its pricey and low-performance competitors, FX Charts was a true innovation in 2000. As a result of its revolutionary nature, the platform quickly attracted its first customers in the brokerage software industry.
MetaQuotes, the company’s second trading platform, allowed programmers to create trading programs in the MQL language (MetaQuotes Language). As with its predecessor, the new product caused a stir when it allowed investors to create and use trading robots. MetaTrader 3, the latest iteration of the popular trading platform, adds Futures trading. MetaTrader 3 CE and MetaTrader for Palm, the mobile versions of the platform, were introduced in 2003 and quickly gained popularity. After that, the company introduced new trading platforms, like MT4 and MT5, which are quite popular among investors. In this article, we’ll tell you more about these trading platforms.
MT4
MetaTrader 4, or MT4, is a popular electronic trading platform among retail FX speculators who conduct their business from home. It was introduced in 2005 and created by MetaQuotes Software. Foreign exchange brokers purchase a license to use the program, which they then give to their customers. Both a client and a server are included in the program. In order to make it quicker, less memory heavy, and less CPU intensive, Metatrader was rewritten from scratch, adding a number of features to the existing MetaQuotes trading platform.
When it comes to foreign exchange trading platforms, MetaTrader 4 stands out as a true innovator. It provides unrivaled trading and analysis tools in addition to other services. It has everything a trader in foreign exchange (Forex) needs. As MT4 is quite popular among investors, it’s always important to know how to download the trading platform, to avoid security breaches. Today traders can find the MT4 exe file of MyFXChoice on the website, which allows them to easily set up the trading software on their hardware. It should be stated that MT4 included a new version of the programming language called MQL2 and could be used to trade futures in addition to Foreign Exchange and Contracts for Difference. The initial mobile version of MetaTrader, for PDA Palm, was an instant hit with traders and led to a flurry of further development and enhancement.
Slippage is a burden for all market players, but especially day traders, and scalpers, since it may significantly reduce profits. Because of MT4’s blazing-fast execution and rock-solid stability, you can lessen the impact this problem might have on your bottom line.
Most major brokerage houses now use MT4, making it the de facto standard for online Forex, CFD, and futures trading. In fact, it has grown so well-liked that not even MetaQuotes’s latest and greatest platform, MetaTrader5 (MT5), has been able to persuade traders to switch.
MT5
After five years, MetaQuotes released Metatrader 5 (MT5). The corporation anticipated a boom in 2018 in the trading of stocks and commodities, and so it developed new software that could adapt to the changing market.
The primary goal was to add new features and enhance some of the ones in the previous edition (MT4). The MetaQuotes programming language used by Metatrader 5 (MQL5) is different from that of Metatrader 4, which utilizes MQL4. There are now three distinct forms of execution available in MT5, as well as two distinct types of pending orders, improved graphical representations, and enhanced analytic capabilities.
Most common operating systems should be compatible with MetaTrader 5. There are Android, iPad, Mac, and Linux versions available. The trading interface accommodates a variety of orders. That’s crucial if the broker’s goal is to implement a sophisticated trading plan in order to maximize profits. The ability to practice trading on a virtual account before committing real money is a major perk. MetaTrader 5’s suite of automated trading tools is comprehensive. The application programming interface (API) lets traders develop their own methods. The trading strategy simulator enables you to practice before putting money on the line.
MT5’s features, including its charts, economic calendars, news feeds, technical indicators, and more, make it possible to do in-depth technical and fundamental research. By keeping tabs on market activity, you can decide if it’s time to initiate or end trades. Further, all of the alterations are tracked in real time. You may assess your strategy’s success by looking at prebuilt reports that include metrics like the number of deals, average profit/loss, predicted value, and more.
