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MetaTrader 4

Average Customer Rating: (based on 28 reviews)

(4.1 stars vs. 4.4 category average)

Your Rating: (write review)

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Recommendations by Profile:

Casual Trader
10 of 11
91%
Intermediate Trader
5 of 6
83%
Expert Trader
9 of 11
82%
All Traders 24 of 28 86%

Recommendations by Usage Length:

A month or less
1 of 3
33%
1 - 3 months
2 of 3
67%
3 - 6 months
4 of 4
100%
6+ months
17 of 18
94%
All Traders 24 of 28 86%

Characteristics:

Pros:
Easy to use, Many indicators, Easy to edit auto trade programs, Web-based, Customizable layout, Ability to customize indicators, Large user base
Cons:
Few data feeds, No automated backtesting

Description:

This charting program is specifically made for anyone trading the Forex, CFD, and Futures markets. Used by over 100 brokerage companies and banks, this is one of the most widely used charting packages around. Some of its appeal is its ability to customize and program systems, which then allows users to create indicators, system backtests, as well as automated trading robots.

Most Helpful Reviews: (view all 28 reviews)

Most helpful favorable review:
(18 of 18 people found this review helpful)

One of the most widel... (view full)

(4.0 stars)

Cool because a lot of people make custom indicators for it and if you develop a system, someone can actually program a robot for you to auto trade.

(written on Dec 9, 2008 by verdizzy)

Most helpful critical review:
(10 of 10 people found this review helpful)

Dont like it (view full)

(2.0 stars)

I hate using fibonacci and trend lines in MT4. It's not possible to move the view of the graph to where you want it. You can only go left or right,...

(written on May 22, 2010 by PipCollector)

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