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- If only some of positions or orders should be modified, these particular positions or orders should be checked.
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the two trading platforms available to Worldtradex clients for retail trading.
- When you download Worldtradex MT4, you’ll receive a collection of free indicators.
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One noticeable change is its interface, which includes expanded menus. Some users find these menus more user-friendly and intuitive, while others consider them to be overly extensive. MetaTrader 4, developed by MetaQuotes Software Corporation, is favored among numerous Forex brokerage firms.
Select the trading instrument for which you want to close the position and click the corresponding “Close” button. It is worth noting that when you select a specific instrument, only those accounts Worldtradex cheating that have open positions for this instrument will be automatically displayed. MetaTrader4 MultiTerminal is a tool for traders and managers that allows simultaneous management of multiple accounts. The system automatically distributes the total trade volume among several accounts depending on free margin, account balance and profit. The web version of the MetaTrader trading platform that allows you to trade in the financial markets using any browser.
MetaTrader 5 Features
- The interests of Worldtradex’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
- In this tab, one can close a position by a counter position for all or selected accounts.
- If there is no need to close positions for an account, this account line must be unchecked in the table.
- + 5 types of trade volume distribution among accounts when placing a new order.
- Furthermore, the MetaTrader 5 platform comes with an integrated economic calendar.
MetaTrader 5 introduces enhancements for both automated and market orders. It supports the execution of 2 market orders, 6 pending orders, and 2 stop orders. Furthermore, the MetaTrader 5 platform comes with an integrated economic calendar. The opportunities in the Forex market are unlimited and available to everyone. Achieving your goals requires smart money management and skillful trading decisions. In case of any disputes or issues, you can request your transaction records to protect your rights.
Although demo and live accounts share technical similarities, the difference in mindset when using each is significant. Decision-making, especially related to opening or closing positions, becomes more complex when real money is at risk. The Worldtradex MetaTrader 4 demo account replicates the real MT4 platform, including four trading windows and a choice of over https://worldtradex.pro/ 80 markets. Forex trading platforms are designed with user-friendliness in mind. Aiding in risk mitigation are mechanisms like stop-loss and take-profit orders, designed to optimize the sought-after profit margins. Additionally, mastery of trading is underpinned by delving into both fundamental and technical analyses.
To delete a pending order, use the corresponding tab “Delete order”. In this tab, you can delete all or some orders for all or some of the managed accounts. + 5 types of trade volume distribution among accounts when placing a new order.
To understand which trading platform is more suitable for you, use the feature table Comparison of MetaTrader 4 and MetaTrader 5. Pending orders for all or some of the managed accounts can be placed in this tab. All open positions and pending orders are displayed in the “Orders” tab. All trading operations data is displayed as a table with fields. MetaTrader 4 MultiTerminal is a new component of MetaTrader 4 Online Trading Platform, designed specifically for simultaneous management of multiple accounts.
Once you install MetaTrader 4, you’ll have your own special username and password to use. To understand how the platform works, it’s a good idea to take online courses and self-study trading theory. Practicing on a demo account, mirroring a real account but with virtual funds, allows traders to gain trading experience without risking their own money.
Differences between the MT4 Demo Account and a Live MT4 Account
Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders. The MetaTrader for mobile devices version doesn’t support Expert Advisors and custom indicators. To get started, you need to connect MultiTerminal to the server – go to “Tools-Options” and select one of the available servers from the list in the “Server” tab.
To do this, click on the “Login to Trade Account” tab and choose the broker’s registered server as a designated server. The MetaTrader 4 interface comprises an array of functional windows. The investment instruments tab, for instance, showcases assets earmarked for buying and selling. Only the MetaTrader version for PC allows you to use Experts Advisors and install custom indicators.
It’s an effective tool both for professional asset managers and for independent traders working with several accounts simultaneously. To access indicators and plugins on the MT4 platform, go to the “Navigator” window in the top-left corner of the screen and open the “Indicators” folder. You can then drag and drop the desired indicator onto the price chart.
Accessing MetaTrader with an Investor Password
To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar. Then, drag the EA from the Navigator window and drop it onto an open price chart. You’ll know the EA is active when you see a smiley face icon in the upper-right corner of the price chart where the EA is applied. Apart from the provided plugins and indicators, you can also acquire additional plugins, and if you’re tech-savvy, you can even create your own. Each MetaTrader 4 indicator and plugin has a distinct purpose, working together to create a cohesive toolkit that helps you execute optimal trading strategies.
If there is no need to close positions for an account, this account line must be unchecked in the table. To close counter positions for a particular instrument, press “Multiple Close By” button. An opposite position in relation to the given position is a counter position for the same instrument. If there is one or more counter positions among open positions, the selected position can be closed by the counter one.
What Sets MetaTrader 4 Apart from MetaTrader 5?
They allow you to identify market trends and reversal points, as well as track historical highs and lows of a selected instrument. These indicators enhance your trading experience by offering valuable insights into your trading activities. MetaTrader 4 and MetaTrader 5 are leading platforms for trading in the global Forex market. While both platforms are useful for experienced traders and beginners, the differences between them can significantly affect your choice.
Multiple close of several counter positions allows simultaneous closing of more than two counter positions for one instrument. Several counter positions can be closed using the “Multiple Close By” tab. Counter positions for all or some of the managed accounts can be closed using this tab. Every connected account that has open counter positions and every open position are displayed in table lines.
Salient Attributes of the MT4 Demo Account
In the “Modify order” tab you can adjust all or several orders placed for one or several accounts. If only some of positions or orders should be modified, these particular positions or orders should be checked. After downloading Worldtradex MT4, you’ll automatically gain access to Autochartist. This powerful pattern recognition tool continually scans the markets, aiming to identify trading opportunities using support and resistance levels. Working tirelessly, Autochartist swiftly notifies users about new trading prospects.