There are a lot of benefits to MetaTrader 4 when it comes to trading on the Forex market. The platform has automated trading capabilities, limitless trading styles, and no requotes or order deviations. The program also allows you to use custom indicators, Expert Advisors, and technical analysis tools. It also offers historical data export and import. This program also provides full data backup. You can simply download it from your broker’s website and launch it in your trading account.
One of the major differences between MetaTrader 4 and MetaTrader 5 is the languages that are used to program them. MetaTrader 4 uses the MQL language, which is simpler than MQL5. If you are a software developer, you may want to learn MQL5. The language is based on the MQL4 programming language, which is much easier to learn. If you aren’t familiar with MQL, it is a great option for people just starting out.
Another advantage of MetaTrader 4 is the ability to create multiple charts and manage them with different settings. In addition, you can save multiple charts with various settings and open them at a later time. You can save as many profiles as you need. You can also delete those you don’t need. The status bar window at the bottom of your screen will show the current profile. This is usually the one you created when you installed the MT4 platform.