For our first Trader Tech blog segment, we are going to discuss the Metatrader 4 Broker Platform.

Metatrader 4, a trading platform solution created by a company called Metaquotes Software Corporation, a company that provides data solutions and software in the trading industry, namely forex. Their star in their software portfolio, Metatrader 4, is used by a vast array of different forex brokers for their easy to deploy, easy to modify interface.

Metatrader 4 not only has advantages for a Broker to use as a trading platform, but also for a trader as well. For some who uses a broker with Metatrader 4, Not only is the learning curve with the software minimal, but also there happens to be a vast amount of resources on how to modify and add modules to heighten the trading experience.

First of all, you can totally customize the visual interface, from shifting and sizing charts, to a four-up dislay, a fullscreen display, whichever is more suited for your trading needs. You can shift the size of the chart in comparison to different indicators that you are using, even do a split screen indicator to chart if you please. You can even change the colors of the chart, from the background color, to the OHLC candles, the grid, and text. You can even change the colors of the oscillators or indicators that you are using as well.

Metatrader happens not to be only a totally customizable solution on the visual end, but also in it’s inner workings as well.

Just like all great programs out there, Metatrader 4 can be extended through using it’s MQL or Metaquotes programming language. The MQL Language is used to create custom indicators and expert advisors. I will touch on each of those below.

Custom Indicators:
Ever thought about building a great indicator or combine a set of indicators that you would believe would best determine entry and exit points? Well, with custom indicators, you can either import an indicator, or install one that you have engineered yourself. The limit is the sky, as long as you know what strategy you are looking to implement.

Expert Advisors:
Ever heard of Goldman Sach’s Global Alpha and Renaissance Technologies Nova Fund? What do these two have in common? They are automated trading systems that have made their brokers rather insanely richer, and Metatrader 4 has not fallen far from the tree on this one.

Metatrader 4 has the Automated Trading System or ATS. Just like with custom indicators, You can either import an Expert Advisor that you can purchase, or end up programming one up yourself and placing it into the software’s expert subfolder. Be careful though with programming your own, or purchasing an expert advisor, as you need to test it to make sure it performs as well as the Publisher claims it does. the Forex Tracer, and Forex Autopilot are two examples of published Expert Advisors.

What Brokers Use Metatrader 4?
Plenty of them do, just do a search on Google for Metatrader Brokers. We at GoForexTrade.com are going to make it easy for you though.

HERE IS THE BIG NEWS…
GoForexTrade.com is working with Forex Meta, a Metatrader 4 Broker, based in Chicago, USA to bring the awesome Metatrader 4 Forex Experience to you, the currency trader. Forex Meta, has a great deal going on for those who would like to consider using them as your Forex Market Broker.

Forex Meta’s accounts start as low as $500. Perfect for those who are new, or just looking to get their feet wet with a new Forex Broker. When I was looking for a Forex Broker to work with, I had a few conditions….

1. You need to support the Metatrader 4 Platform. The majority of traders I know, demand it! They have great things to say about the platform, and have a ball with the customizability and the portability of the application.

2. Offer a great introductory offer. Forex Meta accounts starts as low as $500. And they have a $100 bonus for signing up with them as well! Now how can you pass that up?

3. Excellent Support. When I spoke to two executives and grilled them with questions about their firm, I was impressed. Forex Meta has a conscientious effort that they want to put out to help new traders, as well as experienced traders get their maximum edge on each and every trade.

They also have videos to train traders as well on fundamentals. How much better can this get?

4. Have a person to help you, not some long winded email process. They have a phone number, and live chat on site!

So with these great advantages that I look for, why don’t you give Forex Meta a try! Click Here to try their Demo

Again, I would thank you for reading our First Trader Tech Segment at www.GoForexTrade.com. Next week I promise to have another awesome post on the Geeky side of trading currencies. See ya at the Opening of the Asian Market Session!

TRADE ON!
Thomas Howell
www.GoForexTrade.com

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