MT4 Trader (MetaTrader 4)MetaTrader 4 is an online currency trading platform. It provides easy access to the global foreign exchange market with a comprehensive set of features to allow you to make trades, analyse charts and indicators and develop strategies for trading. It has a straight forward interface organised around the key areas of orders, charting, and quotes however it also contains a rich set of analytical tools which make it very popular with technical traders.
LatitudeFX is an MT4 forex broker catering for the New Zealand and Australian traders which unlike traditional FX brokers, provides full Straight Through Processing (STP), that means we pass your position directly into the market at the time of the trade. We believe that unless a company operates STP, there is an inherent conflict of interest. FX brokers not operating an STP model will generally only make money when you lose. Fully regulated, highly experienced, and with bank level security, LatitudeFX is your perfect partner for your Forex trading needs. Download MT4 MetaTraderPlease Note that in addition to downloading the MT4 software you should also get either a Free Practice Demo Account or a Live Trading Account. |
The MT4 Trader platform can be used as a live demo which allows you to trade with live data in real time while not committing any real money (Demo Account). Once you have had an opportunity to practice trading and get familiar with the MT4 Platform you can apply for a live account and start making real trades (Live Account). If you are an experienced trader and are already familiar with MT4 Trader you may wish to go straight ahead and sign up for a live trading account (Live Account). |
MT4 MetaTrader Key Features
| Platform | Windows platform |
| Leverage | 50:1 and 100:1 |
| Lot Size | 0.01 - 50 Lots (for instant execution) – larger sizes are on a RFQ basis |
| Execution | Instant |
| Price | 5 decimal, variable price |
| Interface style | Windows style |
| Languages | Multilingual support |
| News | Instant market news |
| Indicators | 30 indicators |
| Custom indicators | Yes, using Black Box |
| Expert advisor function | Yes, using Black Box |
| Alert function | Yes: Message to MT4 Mailbox, Alarm and Email |
| Full trading history | Yes |
| EOD statement | Yes |
| Order types | Limit orders, Stop orders, OCO stop orders, Trailing stop |
MT4 MetaTrader Help and Resources
LatitudeFX provide a 24hr help desk from market open, 7am (NZ) Monday to 5pm (NYC) Friday for its trading clients 0800 TRADING (0800 872 3464). LatitudeFX also provide free seminars covering FX trading in general. The seminars are taken by experts in various aspects of forex trading. Please Click Here to find out more. You can also chat online to one of our support staff. Chat online now.
The following resources are also a useful guide to some of the more technical aspects of MT4
• MetaTrader 4 User Guides
• MQL 4 Reference
• Indicator Explanations
MetaQuotes Language 4 (MQL4)
MQL 4 is a programming language which is built into MetaTrader. It allows traders to create their own automated trading strategies. You can use MQL4 to create custom Expert Advisors, Indicators, Scripts, and Libraries. An expert advisor is a Mechanical Trading System (MTS) and is connected to a particular chart. It is capable of trading automatically or can be used to inform you of trading opportunities. You can write MQL4 code using the MetaEditor which comes with the MetaTrader application. It also has a built in language reference to make finding the correct syntax easy.
Technical Analysis using MT4's Technical Indicators
The following Technical indicators are provided by default as part of the MT4 Application
| • Accelerator/Decelerator Oscillator • Accumulation/Distribution • Alligator • Average Directional Movement Index • Average True Range • Awesome Oscillator • Bollinger Bands • Commodity Channel Index • DeMarker • Elder • Envelopes • Force Index • Fractals • Gator Oscillator |
• Ichimoku Kinko Hyo • Market Facilitation Index • Momentum • Money Flow Index • Moving Average • Moving Average Convergence/Divergence • Moving Average of Oscillator • On Balance Volume • Parabolic • Relative Strength Index • Relative Vigor Index • Stochastic Oscillator • Williams' Percent Range |
