Intro to VT Markets’ MT4
Congratulations and thank you for choosing VT Markets’ Metatrader 4. Combining VT Markets with Metatrader 4 will allow you to benefit from:
• No Dealing Desk Execution • No Requotes • 100% Straight Through Processing • Regulated Standards • Funds Secure in Segregated Client Accounts • Leverage up to 500:1 • Award-winning Execution Speeds • Competitive spreads from 0.0 pips • 24/7 Premium Customer SupportMetatrader 4 for PC is an easy and flexible online trading system for managing Forex trades and strategies. The VT Markets version of the MT4 platform provides a wide array of market analysis tools, such as Expert Advisors, that can be used to gain insight into the patterns of the global foreign exchange markets, without the requirement of constantly scanning the market manually. Coupled with our highly competitive pricing, forex traders are able to develop and implement strategies with minimal ongoing effort.
Before using MT4:
It is advised that traders should gain a basic understanding of the Forex market and trading fundamentals. For those new to trading, VT Markets provides many educational tools and learning resources on both the Education and Forex News sections of our website.
It is important to trial out a demo account, if you are new to online trading and/or Metatrader 4. It will be a useful opportunity to familiarise yourself with the platform and to learn the skills and risks of trading. The demo account is a free 30 day trial $50,000 account and a full version mirror of the live trading environment.
All traders are advised to consider and read the Financial Services Guide and Product Disclosure Statement, provided at Legal document page on our website.
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MT4 installation
Getting Started
• Download the VT Markets MetaTrader 4 (MT4) software • Run the exe file and select ‘Run’ when the dialogue box appears • Select ‘Yes’ when asked if you want to allow the program to make changes • Click ‘I Agree’ upon finishing reading the License Agreement • If you would like to set a custom install folder select ‘Settings’ before proceeding • Click ‘Next’ and proceed through the VTMarkets MT4 Setup • The installer will now download the latest version of MT4, once this is complete, click ‘Finish’Upgrade your MT4 terminal
VT Markets has expanded the capabilities of MT4 by adding new and exciting features, including:
• Trading Central Tools package • Economic calendar • Account management facilities • Forex News TerminalA few little tips & tricks to get more from MT4
If you’re a forex trader you’ll know that MetaTrader 4 is the king of Forex trading platforms. Not only does it allow you to place and manage orders, undertake various technical analysis functions and auto trade, it also allows you to do plenty of not-so-well-known things. Let’s talk about a few.
First, the ruler tool. This is super handy when measuring this distance (in pips) between two points… ie stop loss and entry, etc. So how do you get this tool? Simple, click on the cross hair, or press Ctrl+F and click and drag between two points. You’ll find all sorts of handy info such as pip-distance, the number of bars in a range and the date. Not bad!
Secondly, if there are some indicators, scripts or EAs that you frequently use, why not make it easier to access them. Simply right-click on the item of your choosing and select ‘Add to favourites’. Now that was simple!
When it comes to becoming a better trader, it is super beneficial to go back over previous trades to see what you did right or wrong. So for a deeper look into your closed trades in MT4, pop on over to ‘Account History’ in the terminal. Just click on a closed position, drag it on to the chart in which you placed the trade, and presto, you’ll see the entry, target, exit mark data as well as the stop less, etc. This is great to see how you can improve on your market timing, stop losses and profit targets, as well as further refining your setups.
Use a customised template that you’ve created and are sick of always switching to it when you open a new chart? Well, here’s one for you. Set up your template to exactly how you like it, right click and choose ‘Template – Save Template’, and save it as ‘Default’. Now, every time you open a new chart it will automatically have your template as the MetaTrader 4 default.
I personally find it helpful to write notes on charts so that when I’m reviewing my trades I can go back to exactly why I took the trade, emotions, thoughts, things I notice about the market, etc. To do this, head up to the Insert menu and choose ‘Insert Text’ and you can enter whatever you want. And, you can use multiple text boxes.
There you go, I hope these few little not-so-well-known tips and tricks make your MT4 life just a little bit faster and easier.
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Download MT4 for PC
Forex is a popular form of trading for users worldwide, providing diverse markets to speculate in. But to open positions and make trades in a way that suits your strategy and aims, you need the right platform.
Here at VT Markets, we work to ensure that our users have all the tools and platforms they need to develop their trading strategy and grow their experience in the market. This includes offering MetaTrader 4 for PC. Also known as MT4, this trading platform is available on PC and mobile. It is designed to provide a positive learning curve and a powerful selection of features for users of all experience levels and trading backgrounds. Whether you are learning to trade on the forex market or have been trading for several years, you’ll find that MT4 supports your needs.
Read on to learn more about how to download MT4 for PC and start utilising its tools and features today.
Download MT4 for PC in four simple steps
To begin with, you’ll need to get set up with a VT Markets account. We provide easy MT4 downloads onto your PC device. If you’ve already got a VT Markets account, log in and head down to step 2.
After you have created your VT Markets account, the next step is to log in. You can do this using the button in the header menu, just to the right of the Create a Live Account button.
Next, return to the header menu and hover over the Trading option. This will bring up a menu with the tools and platforms we offer. Under the Platforms section, select MetaTrader 4 at the top of this list.
Select Start Trading Now and then download MetaTrader 4 for PC.
Start by downloading the VT Markets MetaTrader 4 software. This will be saved to your PC as a .exe file. When prompted by a dialogue box, choose the Run option and the Yes option to run the .exe file.
When downloading MetaTrader 4 for PC, you will need to allow the program to make changes on the device. You’ll see a prompt asking you to grant this permission — confirm this to continue.
You’ll also need to read through the licence agreement. After you’ve checked this document, select I Agree to continue. You can save the platform to a custom install folder via the Settings button on the next window, or you can download the program to your default folder.
Continue through the wizard until you hit the Finish button. Select this option to complete the download.
If you’ve just downloaded MT4 for your PC, you will work with the latest version. If you downloaded the platform sometime earlier, you will need to check that you are working with the latest version.
This is because VT Markets has added many new features to the MetaTrader 4 platform in recent releases. This includes a Trading Central Tools package designed to help you get more from the platform and an economic calendar and Forex New Terminal to ensure traders remain updated and in tune with market developments. There are also account management facilities on the newest versions of MT4 that were not provided in earlier iterations.
Set your PC to automatically update and upgrade applications to avoid missing out on the latest features and functions provided by the VT Markets team. Reach out to the team to find out more about the latest releases and features or with any questions about the platform. We also provide useful resources to support you as you learn how to use MT4.
Give MetaTrader 4 a try today — download the platform from VT Markets and explore its tools and features. You can set up a demo account at first and then start trading for real with a live trading account. Want to learn more about the MT4 platform? Reach out to our team today.
Yes, you can download MetaTrader 4 on your PC. The MT4 platform was designed for PC devices and is not supported by the iOS operating system found on Macs and Apple products.
It is also possible to download MT4 on mobile devices that use the Android operating system.
Yes, you can still download MetaTrader 4. Head to the MT4 page on the VT Markets website and download the platform like any other software.
There has been some confusion among traders simply because of MetaTrader 5 — the update and successor to MT4. However, many traders find that they prefer the older version of the platform and have stuck with this. In 2022, traders can download and use both platforms on their PC.
To log into MetaTrader 4 for PC, you’ll first need to download it. You can do this right here on the VT Markets page after you have set up and logged into your account. Once the MetaTrader 4 platform is up and running, you can select the File menu option and log into your account from here.
Remember to keep your login credentials safe, and don’t copy or reuse the username and password you use with other applications. If you feel your account information has been compromised, change this information within the MetaTrader 4 platform without delay.
Yes, you’ll need a forex trading account and a platform like MetaTrader 4. This will give you access to the market, enabling you to assess the latest movements and make trades. It is highly recommended that you practise trading on an MT4 demo account before you begin trading for real.
Please be aware that there is always a risk involved when you trade. Even more experienced and expert traders can lose money if the market does not move as expected.
Indicators are important features on the MT4 platform, and you can use them as you try to predict future movements in the market. These MT4 indicators may be divided into common types, such as trend indicators, momentum indicators, volatility indicators and volume indicators. While indicators are slightly more advanced trading features, the learning curve of the MT4 platform is designed to help you grow your experience as you utilise these elements.
Remember that indicators do not provide guarantees. The market can still move in the other direction, even if an indicator has suggested otherwise. There is no way to eliminate risk, so always trade carefully and conservatively.
It is possible to trade on the margin with MetaTrader 4. A forex margin refers to the amount of money you will need to put forward from your own capital reserves to open and control a trading position. The broker will put forward the remainder of the money, which makes the trading strategy similar to using leverage. Both tactics involve controlling a position worth more than you would otherwise have been able to afford.
While this increases the potential for profits, it also increases the potential risk. When you trade on the margin, you will effectively be borrowing capital from the broker. This capital will need to be paid back regardless of whether or not the position is successful, and the more you borrow, the more you will need to pay the broker. You may also experience a margin call if your available funds fall below a certain level, which means your positions may be closed automatically.
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MetaTrader 4 indicators
When you trade on the MetaTrader 4 platform, you have many different features and tools at your disposal. As well as simply opening and closing positions in the market, you’ll be able to access all the data you need to make predictions on future movements.
The MT4 platform supports traders adopting a more sophisticated, data-focused approach to the foreign exchange market. This is where indicators come in. MetaTrader 4 indicators can help traders make educated estimations as to which way the market is heading. While it’s important to remember there are no guarantees, indicators can still prove useful to traders. Read on to learn more about this in our guide.
Understanding indicators for MT4
MT4 indicators are tools built into the platform, allowing users to analyse market data across several factors. These factors include movements of the price of a currency pair over a set time and trading volume, among other elements.
It’s important to remember that MetaTrader 4 indicators do not guarantee market changes. Instead, they represent sets of market conditions that typically suggest future movements. For instance, an indicator that looks at the average value parameters for a currency pair over a particular time will suggest which way this price will move on average in the future, as well as predict the support and resistance rates — i.e., the lowest and highest points that the price will reach within this period. It will not guarantee these values; it will simply suggest them.
As long as traders bear this in mind, indicators are useful tools to deploy while trading. When you download MetaTrader 4, you’ll gain access to various indicators to use in your own trading strategy. These tools will help you develop a more sophisticated set of trading practices.
While you learn how to use MT4, it is recommended that you use a demo account. You’ll still gain access to indicators for the MetaTrader 4 platform, but no risk will be involved. Once more comfortable, you can trade on the live account and receive market exposure by trading on the margin. Trading on the margin in FX essentially means borrowing capital from the broker and controlling a position worth far more than you would otherwise have been able to afford. Indicators can help you open these positions with more confidence, but there is always a risk that you’ll need to keep in mind.
Downloading and using indicators for MetaTrader 4
To download and use indicators for MetaTrader 4, you’ll first need to open an account with VT Markets and download MT4 for PC or another device. Next, open the platform and sign in.
From here, head to the Navigator window on the left side of the MT4 screen. Open this window.Within the Navigator window, select Indicators to open the menu. This menu displays all the available indicators arranged according to their type.
Browse through the available indicators until you find the one you want. Select this and drag it to the Price Chart on the MT4 screen. This will apply the indicator to the chosen chart.
You will now be prompted to configure the indicator, adjusting its parameters. Complete this in the dialogue box and finish the process. The indicator is now applied to the Price Chart you want to analyse.
The most common MetaTrader 4 indicators
There are many different indicators available for the MetaTrader 4 platform. You might only use one or two of these as you begin learning forex. But if you are a more experienced trader, you may wish to explore the potential of indicators further, adding more options to your trading strategy. This will help you gain insight into your trades and understand which moves you to make in the future.
Take a look at some of the most popular MetaTrader 4 indicators and use this list to discover more about which indicators you want to add to your strategy.
Relative strength index (RSI)
This is an oscillator indicator that measures the momentum of a specific market. The indicator examines changes in the historical price of the market, analysing the differences between days of appreciation and days of depreciation. With this indicator, traders can identify potential candidates for investment and trading and determine the best time to invest or open a position.
Average true range (ATR)
The ATR indicator analyses market volatility, looking at the average range for a market — i.e., the maximum and minimum levels it hits during the examination period. This is very useful, as it identifies normal ranges for the market you are looking at, allowing you to place stop loss and take profit measures in the right positions to avoid trades that stray outside your strategic parameters.
Moving averages
Moving averages look at the prevailing price movement for a particular market by analysing past data. This indicator will suggest whether the market is currently moving up or down based on its past performance over a defined period. As mentioned above, you will see the market’s support and resistance levels. While past performance does not guarantee future success, this is still a useful metric for traders.
On-balance volume (OBV)
The on-balance volume indicator works on a cumulative basis, adding the total volumes of up days and then subtracting the total volumes of down days across the defined period. The aim is to provide a more reliable picture of the market direction based on this cumulative analysis. Movements on the OBV can suggest which way the market’s price will move when you trade.
Money flow index (MFI)
Like the relative strength index, this is an oscillator that provides an analysis of the direction of the market movement, as well as the volume of this movement. With the MFI, you can identify times at which certain markets are overbought or oversold, which can be useful in deciding on your next trading move.
The benefits of MetaTrader 4 indicators
As we’ve discussed already, MetaTrader 4 indicators do not guarantee or give traders any certainty. With this in mind, what benefit do they provide? Why should you incorporate these tools into your own strategy? Take a look at some of the key advantages of MT4 indicators.
Indicators provide data-backed analysis
While indicators do not offer guarantees to traders, they are based on technical data analysis. This means they can be used reliably by traders who know what to look for, making it easier to develop an effective strategy.
There are so many different indicators out there, each providing its own insight and analysis. While this can prove a little confusing initially, it quickly becomes an asset once you get used to deploying these indicators. The subtle differences between each indicator make it possible to build a strong strategy based on a diverse set of analytics.
Indicators simplify stop loss and take profit placement
Stop loss measures will automatically close trades if the value falls below a certain level, while take profit will do the same when the value becomes too high. These measures help you keep your trades within your strategic parameters, but you must ensure you set these tools correctly. Indicators will help you make an informed choice regarding stop loss and take profit.
Indicators help traders increase their market exposure
In the forex market, small price movements are measured in pips. Generally, the price of a certain currency pair or commodity will not move much over a trading day, so the profit potential is low. The potential losses are also low. To increase exposure, traders must make many small trades or open more advantageous positions. Margin and leverage trading can help traders command these more valuable positions.
Of course, as the potential for profit rises, so does the potential for loss. With this in mind, traders need to act confidently, executing positions according to the latest market data. This is where indicators can play a major role. While there are no guarantees, even with indicators, they can help experienced traders make data-backed moves.
Trade with MetaTrader 4 indicators at VT Markets
Start exploring MetaTrader 4 indicators today. Download the platform from VT Markets and start using these helpful tools and features. We recommend you set up a demo account first and start trading for real with a live trading account after you feel more confident using the tools.
Want to learn more about MT4 indicators and other features on the platform? Reach out to our team today.
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What is MetaTrader 4 & how do you use it?
What is MT4? Also known as MetaTrader 4, this is the name given to a trading platform originally developed by MetaQuotes. While other options are available to traders in the market, the MT4 platform has proved very popular among traders thanks to various features and tools.
These features help traders open positions, invest, and execute trades. However, there is more to MT4 than this. Traders can also use several features to conduct technical analyses and market examinations. Tools such as indicators can help traders gain insight into the past performance of the market they are working with and other important pieces of information. While these tools do not provide a guarantee, they are useful in helping traders make careful and considered decisions in the market, trading with strategic care.
What is MT4 trading? This refers to any trade conducted via the MT4 platform. While the platform is usually viewed as a forex trading platform, you can use it to execute other trades using derivative contracts, such as indices and commodities.
How to use MT4
Now that you know a little bit more about what MetaTrader 4 is, it’s time to discover how to trade on MetaTrader 4 and carry out other actions. Take a look at our step-by-step guide below.
Step 1 — Use VT Markets to create your account
We make it easy to access and download MetaTrader 4 on whichever device you wish to use. First, you’ll need to create an account. Head to the VT Markets website to create your account, fill out the required information and confirm your ID credentials.
Step 2 —Download the MetaTrader 4 platform to your device
After you have set up and logged into your VT Markets account, use the header menu to find and download the MetaTrader4 platform. You can download MT4 for PC, Mac, smartphone or tablet device. After you have saved the application file and completed the setup — an almost automatic process on a mobile device or via an easy wizard feature on a laptop or desktop — you’ll be ready to start. Use your VT Markets login information to access your account on the MetaTrader 4 platform.
Step 3 — Beginning the trading process
To start trading on the platform and to open a position, you’ll need to go to the Tools menu. In this menu, select New Order. On Windows PC and laptop devices, you should be able to open this by simply pressing the F9 shortcut.
You may decide to trade on the margin or trade on leverage, increasing the volume of your trade and your exposure to the market. Trading on the margin in fx and other markets means putting forward a percentage of the total position value from your capital while borrowing the rest from the broker.
Step 4 — Assess the progress of your position
With the position now open, you’ll need to keep on top of its progress. So, how do you trade on MetaTrader 4 and monitor them accordingly? To do this, you’ll need to view the Terminal window. Find the Terminal option under the View menu in the toolbar, or hit Ctrl + T if you use a Windows laptop or desktop device.
In the Terminal window, you’ll be able to view all of the information you have added when you opened the position. On the far right-hand side of the entry, you’ll see the Profit value, which will tell you whether your trade is currently successful or unsuccessful. It’s important to keep track of this to know whether your strategy is working as planned.
Next to the Price value, you will see a small X symbol. If you want to close your position — either because you have achieved a profit or because you want to limit your losses — click or tap this X. You can also use the X symbol to cancel any pending positions that have not yet been opened.
Step Five — Make changes to your stop loss and take profit tools
You may decide to make changes to your stop loss and take profit limits, altering the potential parameters of your trade. To do this, return to the Terminal menu mentioned above.
Then, navigate to the Trade tab and select S/L to modify the value of the Stop Loss tool. Selecting the Modify button will confirm these changes.
You can do the same thing with the T/P value to alter the Take Profit level.
Using MT4 indicators
As you learn how to use MetaTrader 4 for trading and analysis in the market, you will encounter other features along the way. These add-ons and additional features are designed to make your life easier as a trader, helping you to develop a more sophisticated set of strategies. They do not guarantee success, but they provide additional confidence thanks to a data-backed approach.
MT4 Indicators are among the most commonly used of the platform’s additional features. MT4 indicators are technical analysis tools that enable traders to understand trends and movements in the market. For example, an indicator may accumulate volume data from the recent up days for a particular market and subtract the cumulation of all the recent down days from this total to arrive at a more accurate and reliable estimation of market direction. This particular indicator, the OBV, or On Balance Volume indicator, is one of many available options on the MT4 platform.
These indicators do not provide any guarantees for traders. Instead, they are designed to be used for developing an increasingly sophisticated trading strategy, relying on data to make careful, considered and responsible choices. As there is always a risk involved when trading — and as this risk is amplified when margin trading or leverage is involved — you must trade conservatively on the MetaTrader 4 platform.
Download MT4 today and start building your trading strategy
Here at VT Markets, we want to ensure that traders just like you have all the tools and platforms you need as you gain experience in the market. Whether you are trading forex, commodities, or another asset, you will find something suitable in the roster of software products we provide, including the ever-popular MetaTrader 4 platform.
Risk is always involved when trading on the market, so we highly recommend that you practice trading with a demo account to understand the platform’s features. After you become accustomed to these features, start using the live trading account and open positions for real. Want to learn more about how to use the MT4 platform? Reach out to our team today.
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