METATRADER 4 (MT4)
MetaTrader4 (MT4) is an online trading platform designed for financial institutions dealing with Forex, CFD, and Futures markets. The platform includes all necessary components for brokerage services via internet including the back office and dealing desk. Currently, over 100 brokerage companies and banks worldwide have chosen Metatrader4 to meet their high standards of business performance.
MetaTrader4 has a user-friendly front-end trading interface. It provides technical analysis, charting and Expert Advisors to help you develop your own trading strategies.
The special feature of MT4 is that you can program your own technical indicators and expert advisors using MQL4 programming language.
The expert advisor is a mechanical trading system written in the MQL4 programming language called MetaQuotes Programming compiled to a program which can stay in front of the terminal instead of you and automates your trades. It can analyze the chart as any indicator does and it can modify and close the trading orders. Any expert advisor has to decide when to enter the market and when to exit. And the idea behind any expert advisor is what the entering and exiting conditions are.
By using expert advisors, you eliminate the need to sit for endless hours in front of a screen watching the movements taking place in the financial markets. Instead you can use your time to do something else.