MetaTrader 4 and Expert Advisors (EAs)
MetaTrader 4 is one of the most popular forex trading platforms in the world today. All the necessary trading tools and resources are on hand to allow traders to conduct research and analysis, enter and exit trades, and even use third-party automated trading software (Expert Advisors or EA's). Not happy with commercially available EA's? MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots.
MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops - all are right there at your fingertips with MT4. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favorable trading environment and market conditions. With the Excel MT4 trading arsenal at your disposal, all your energy can be channeled into implementing your trading strategies, secure in the knowledge that the suite of tools in MT4 are there to back you up.
Start automating your Forex trading with one of the many Expert Advisors that are available in the trader’s library. Use the Metatrader EA backtesting facilities to back test a Forex trading strategy. The built in reporting system provides easy to understand results with graphs highlighting the past performance of a Forex trading strategy. Past performance of a trading system is not indicative of future results. Additionally, please note the Metatrader backtesting tool is very helpful for general learning but inherent limitations prevent it from completely simulating all variables experienced in a real trading environment such as execution, latencies, spreading, etc.