Platform for online trading, technical analysis and use of trading systems that comes with support for various analysis tools and automated trading mode.
- MetaTrader
- Version :5.00 Build 1340 / 4.00 Build 988
- License :Freeware
- OS :Windows All
- Publisher :MetaQuotes Software Corp.
MetaTrader Description
MetaTrader is a professional software application that offers trading terminal services in several financial markets (Forex, CFD, Futures, as well as equity markets) and stock exchanges for brokers.
You can receive quotes and news in real time, view price charts of financial securities in different timeframes, perform trade operations, manage open positions and pending orders, test trading strategies, generate detailed reports, and write Expert Advisors, custom indicators, scripts and functions in MetaQuotes Language 5.
There’s also support for an automatic trading system which can analyze Forex quotes and stock quotes, and execute trade operations.
Demo/live accounts
The program gives you the possibility to work with two types of accounts, namely demo and live. The demo ones can be used by beginners to test trading strategies but without working with real money and transactions. They provide the same functionality as the live ones.
A wizard-like approach helps you give information about a real or existing account (e.g. name, country, state, city, phone number, email). Authorization options allow you to get access to the trade account.
Security features are implemented for making sure your information remains private, namely data encryption with 128-bit keys, extended authorization, verification of server authenticity, protection of configuration files, as well as password protection.
User interface
The GUI looks a bit overwhelming at a first glance because it comes packed with an impressive number of trading tools so you need to dedicate some of your time in order to understand how it works. A help manual is available in case you need further assistance with the configuration settings.
A built-in Navigator is integrated in the main window for helping you access various features of the terminal, namely Accounts, Indicators, Custom Indicators, Expert Advisors and Scripts.
Trading utilities
MetaTrader helps you open multiple charts for the preferred symbol in the main panel, save the history data of the current chart to CSV, PRN or HTML file format, and print or export charts to PNG files.
The application comes packed with several types of indicators (e.g. technical or custom ones, built-in examples with source code, indicators purchased from the Market) for analyzing the price of dynamics.
What’s more, you are allowed to transfer money between accounts within the same trader server, view the status of open positions and pending orders (and manage all trading activities), check out a summary with the state of assets by all open positions, and access a history for all performed trade operations.
You can gain access to financial news, messages received in the terminal using the internal email client, calendar of economic news, trading signals available for subscription, information about the terminal launching and all performed actions via a journal, as well as data about the opening/closing of Expert Advisor positions and order modifying.
MetaTrader lets you buy or download applications from the market of MQL5 programs, set up all sorts of alerts, and search for data throughout MQL5.community. The program reveals lists of financial symbols and bids, and offers you the freedom to test and optimize trading strategies before using them in live trading.
A rock-solid trading platform
All in all, MetaTrader packs all you need for setting up and managing brokerage services in different markets, and is suitable especially for advanced users. It provides support for a comprehensive suite of analysis tools and comes equipped with an automated trading mode.