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MetaTrader 4

Average Customer Rating: (based on 21 reviews)

(4.1 stars vs. 4.3 category average)

Your Rating: (write review)

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Recommendations by Profile:

Casual Trader
0
8 of 9
89%
Intermediate Trader
0
3 of 3
100%
Expert Trader
0
7 of 9
78%
All Traders 18 of 21 86%

Recommendations by Usage Length:

A month or less
0
1 of 2
50%
1 - 3 months
0
2 of 3
67%
3 - 6 months
0
2 of 2
100%
6+ months
0
13 of 14
93%
All Traders 18 of 21 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:
None

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 21 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:
(5 of 5 people found this review helpful)

A staple of platforms... (view full)

(3.0 stars)

Alot of traders I've talked with use Metatrader, you can set it up to run your EA and be really creative with it. Me,... its just too busy for me ...

(written on Feb 19, 2009 by mrmarx0302)