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You can also use Java API to build extensions onto the MetaTrader 4 platform. Stealth Orders anonymises trades while Alarm Manager provides a window to coordinate alerts and notifications.

Stealth Orders and Alarm Manager are two popular examples. Third-party add-ons allow traders to start programming the MetaTrader 4 platform to suit their trading style.

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On top of the 30 built-in technical indicators, there are thousands of additional chart indicators that can be downloaded from MetaTrader’s Code Base and Market. The Elliot Wave indicator, Bollinger Bands, and pivot points are just a few examples. Custom timeframes, for example, 2 minutes and 8 hours, can also be added. Note, you are not limited to the 9 standard timeframes. You can then choose from the drop-down menu: To amend the timeframe on a price chart, right-click on the chart and hit ‘timeframe’. To draw on charts, select the object you’d like from the toolbar and click on the chart. You can also modify stops and limits by right-clicking on the position or pending order you’d like to change, and selecting ‘modify’. From here, you can exit a position by selecting the ‘x’ to the right of the profit column. Head to the MetaTrader 4 terminal by selecting ‘view’ and then ‘terminal’.

Slippage – You can limit slippage through the ‘deviation’ setting.

Comment – Here you can leave trade commentary, which you may want to add to your trading journal, for example.

Take-profit – This does the same for profits, meaning trades are automatically exited when profits hit a certain point.

Stop-loss – This risk management tool will limit the size of losses, automatically tracking pips and closing out trades when they reach a set level.

Alternatively, opt for ‘pending order’ to select the point at which a trade is opened

Type – Choose ‘instant execution’ to place a trade as soon as you hit ‘buy’ or ‘sell’.

Volume – Decide on your trade size – how many lots or CFDs do you want to trade? Note, 1 lot is equal to 100,000 units of the base currency.

Symbol – Here you can choose between markets, for example, forex, gold, or stock indices, such as the S&P 500.

The order window can appear intimidating, but the components are straightforward: Alternatively, use the keyboard shortcut F9. To make a trade, select ‘tools’ and then ‘new order’.

Download metatrader 4 for windows 7 64 bit how to#

We’ve looked at how to create a MT4 account, but how do you use the platform to trade? The Basics Deposit and withdrawal payment times depend on the broker and method selected. Payment charges vary between brokers, but there is normally a free option. Then choose from the payment options available. When it comes to how to deposit and withdraw funds, simply select ‘deposit’ or ‘withdraw’ from your account area. If you don’t have enough funds to meet a leverage requirement, a ‘not enough money’ error will appear when you place a trade. Head to the terminal to view your account balance and margin levels. For those asking ‘what is a swap?’, it’s interest charged or received at the end of each trading day, based on your position. Some new users are surprised to see swap fees charged against their account each day. You can then personalise the MetaTrader 4 platform, from chart set-ups to choosing between the light and dark mode.ĭetails of trading costs, commissions and spreads are normally highlighted when you sign up. Once you’ve downloaded the free platform, register for a new account and sign in with your login credentials. Alternatively, you can trade directly through a web browser on your MacBook or Chromebook, for example.

Download metatrader 4 for windows 7 64 bit software#

The software is also compatible with Windows 7, 8, and 10 on 32-bit and 64-bit processors.

Download metatrader 4 for windows 7 64 bit download#

You can also download the platform from an online broker when you register for a real or demo account.

Download metatrader 4 for windows 7 64 bit zip file#

You can download a zip file with the platform from the MetaQuotes website free-of-charge.

Getting started on MetaTrader 4 is straightforward. The software is used for trading futures, CFDs, stocks, commodities, and cryptocurrencies, including Bitcoin (BTC) and Ripple (XRP). Today the MetaTrader 4 platform isn’t just popular among forex traders. It’s now so popular brokers offer the platform as an alternative to their proprietary software.

It’s since undergone a number of iterations, with the 2005 version giving it real traction in the online trading community. MetaQuotes Software, the developers behind MetaTrader 4, released the platform in 2002.