By combining different types of market, pending and stop orders, as well as using a trailing stop , you can perform trades despite of the current market situation. Three trade execution modes instant, request and market take flexibility to a new level. You can select the most appropriate mode for each trading situation. If your trading strategy requires entering the market at a certain price, such action can be requested before performing a trade. As soon as the desired price appears, the trade can be performed.
However, if you want to enter the market at that specific time regardless of the price, select the market execution mode. In this case, the broker opens a position at the current market price without any additional confirmation from you. An order is an instruction for a broker to perform a trade on your behalf. Depending on which conditions the trades are performed, there may be market, pending and stop orders:.
Market orders are used for instant execution. Pending orders are formed at the current moment but are to be performed in future, as soon as the market situation meets the specified conditions. For example, Buy Limit is an order to buy when the symbol price falls below the current one.
You may use this order if you expect that after having reached a certain level, the downward trend will reverse and the price will roll back. Stop orders Take Profit and Stop Loss help you to lock your obtained profits and minimize your losses. They are used in combination with market or pending orders, as well as with an already opened position. For example, you can place a Buy Limit order and set the Take Profit level points above the open price.
Upon reaching the specified level, the long position is closed and the profit is fixed, so that you do not lose it if the price reverses and moves downwards. Stop Loss works the same way and also closes the position. It is designed to minimize losses in case your forecast has turned out to be wrong.
For example, a Stop Loss set points below a long position automatically closes the position at that level in case the price moves down. Trailing stop automatically moves Stop Loss along a fixed certain distance away from the current price in case the latter moves in a favorable direction. But if the asset price reverses, the Stop Loss stops moving, protecting your profit or minimizing losses.
In MetaTrader 4, orders can be set in several ways — via the Market Watch, using the hotkeys or directly from the chart by enabling One Click Trading. Cycle of Waves Scalping Strategy is greatly known as a trend-following forex trading system. Along ….
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As an intuitive and fully customisable trading interface, MT4 provides a smooth and efficient trading experience for serious traders. Experience MT4 delivered on our technology infrastructure - engineered with speed, transparent pricing and reliability in mind. Once the program is running, either select the Demo or Real trading server depending on which trading account you wish to log into.
Visit the app store in your iPhone or Tablet. To find out whether the MT4 or MT5 platform is more relevant to you, compare their features below or see a detailed comparison here. Online trading has never been easier. You can set up an account and start using your trading platform in minutes. This article will help you with the very first steps into the world of trading with the most popular trading platform — MetaTrader 4. If you are using MetaTrader 5, please read our MT5 article.
Once you have installed MetaTrader 4, logged into your trading account with Eightcap and successfully funded it, you are ready to start trading Forex, indices, Commodities, CFDs and more. To master the basics of trading you first need to learn how to place orders in MT4. This article will help you to start placing and modifying your trades in MT4. The MetaTrader 4 platform provides many features that help traders execute trades with reduced financial risk.
The first and most important thing you can do is to carefully monitor your trades and margins. Attaching Stop Loss and Take Profit orders on trades is an option that most traders use to manage their positions without the need to constantly monitor them. Another way to manage trading risk is by placing Limit and Stop orders.
In the worst case scenario, the margin call and liquidation level predetermined by the trading company will be activated. It is the most common trading platform offered by the majority of CFD providers. Developed in , the MetaQuotes Software Corp has become one of the most used applications for financial institutions. The MetaTrader 4 and the MetaTrader 5 both offer a variety of tools for its users, making them the most accessible platforms within the industry. However, there are some differences between the two which we will explore below.
Become a MetaTrader advanced user with our in-depth MT4 guides. Online trading has never been easier with our How To step-by-step guides. Contact MetaTrader 4 Trading Platform. Please click one of the links below to begin the download. MT4 client terminal. Macbook users can access global markets with our MetaTrader 4 for macOS. Please click the link below to begin the download. MetaTrader 4 MT4 for Mobile. Android is one of the most popular mobile platforms today. The MetaTrader 4 App for Android is the ideal instrument to trade 24 hours a day, wherever you are.
This light, and yet powerful, application has all the capabilities necessary to keep track of the latest developments in the marketplace, amend instant and market orders, create different types of charts, and much more. Download free from Google Play. Trade Forex from your iPhone or iPad, wherever you are.
MetaTrader 4 App is the perfect solution for mobile trading on iOS devices. This App provides intuitive interface and powerful trading tools to help you stay in control of your trading accounts. Be on Forex 24 hours a day. Requires iOS 5. Compatible with iPhone, iPad and iPod touch. Download free from App Store. How to use MetaTrader 4. Need Help with MetaTrader 4 Platform? About MT4 in Help Centre.
Start trading now. Other platforms we use. MetaTrader 5 MT5 Find out more.
The powerful MetaTrader 4 trading system allows you to implement strategies of any complexity. The Market and pending orders, Instant Execution and trading from. MetaTrader 4 is a free-of-charge Forex trading platform. It offers wide technical analysis options, flexible trading system, algorithmic and mobile trading. The MetaTrader 4 trading system allows traders to implement trading strategies of any complexity. By combining different types of market, pending and stop.