Metatrader 4 (MT4) is the most popular trading platform that offers superb availability for most electronic devices. Beginner-friendly usage and many customizable features have helped maintain the popularity of MT4 for 16 years. Even with the release of its successor, Metatrader 5 (MT5), the platform has remained a beloved tool for traders in the foreign exchange market.
Beginner traders study, analyze, and experiment with MT4 tools to create the most comfortable and reliable trading station. However, once we take Forex trading to the next level, advanced users seek out any possible advantages to get over the hump and turn this dynamic hobby into their primary source of income. While there are many successful strategies that help attentive traders reach their goals, most of them use Expert Advisors (EA) to automate the safest trades while keeping a watchful eye and manual control on other processes.
Because most Forex brokers use MT4 on their websites, an abundance of necessary features gives traders complete freedom over their decisions. Once a user becomes heavily invested in the foreign exchange market, the tools that improve and simplify the process of trading are irreplaceable. When traders scale up their operations, it becomes a necessity to keep an eye on their system at all times. Because of it, a demand to have MT4 on other electronic devices has brought the platform to mobile phones.
In this article, we will discuss the MT4 app on android, or more specifically, how can you add indicators to the platform on your mobile phone. The most successful traders keep a watchful eye on their trading platforms, so having an access to MT4 in your pocket helps them make the right adjustments on the fly and steer the ship in the right direction.
Easy access to indicators
Once you have a graph displayed on your android phone screen, all you need to do is click on the "f" icon on the menu. When you tap on the "f+" icon next to your chosen chart, you will be able to choose from default indicators available on the app and calibrate your preferences. When you are happy with your results, click "done" and you are good to go!
Unlike with the highly customizable software you run on your computer, you cannot download and use custom indicators in MT4 for android. Still, the app should not be used as your main platform for trading but a great tool that grants you access to your Forex trades when computers are unavailable.
Other ways to improve Forex trading
While most beginner traders like to run their MT4 from the comfort of their own homes, serious players rent out Virtual Private Servers (VPS) to get an advantage over the competition. VPS Forex Trader is a popular server provider that creates the perfect conditions to run MT4 successfully. With locations close to Forex brokers and a much faster internet connection, VPS Forex Trader provides all the necessary resources to make your trades far more efficient, and you can access your server with an electronic device to make the necessary adjustments. Use a VPS now and take your trading career to the next level!
The internet is one of the greatest inventions humanity has ever created, and we can see its every field of our lives. For instance, the world of trading has undergone extreme changes with the rapid expansion of internet technologies.
If we speak about Forex trading, the digitalization of the market has begun in the 1970s. However, it took more than 20 years for the foreign exchange market to open up for individual traders. Up until then, the market was dominated by big institutions with large capital.
Online Forex trading is very different from currency exchange in the past, not only due to increased accessibility but also powerful digital trading platforms that bring great customizable tools to the table to simplify the process. MetaTrader 4 (MT4) is by far the most popular software for Forex trading that helps traders cooperate with the majority of brokers around the world. From customizable indicators to advanced algorithmic automation performed by special robots - Expert Advisors (EA), MT4 is a great all-around platform with everything a trader can ask for.
However, once we learn to operate these tools, we can see that the best individual traders have great strategies that help them maximize the capabilities of MT4. When you are dealing with other tech-savvy competitors, you will see that different tools are necessary to keep your trades fast and efficient. Virtual Private Servers (VPS) have become an inseparable part of the Forex trading experience for those who want to turn their trading hobby into a proper source of income. But what is the purpose of a VPS in Forex? Why do you need a remote server when you can perform and automate the same trades from the comfort of your own home?
Ensuring the perfect circumstances
If we, hypothetically, take two traders that optimize their traders to make perfect decisions, one of them will be at a slight disadvantage. Can you guess what is the difference between these competitors? The answer is quite simple - one of them is using a VPS to run their trading software.
Accuracy, speed, and security of executed trades are a big part of the successful Forex trading experience. These technological limitations usually make our home trading platforms slow and unstable. Once you set up one or multiple instances of your trading platforms on a remote server, you get a much faster internet connection and better locations to communicate with brokers. If you are a fan of automated trading, slow internet and potential power outages can mess up your optimized trading strategy.
Bringing freedom to the world of trading
With the proper hardware and a high level of security, experienced traders can separate themselves from their platform without negative consequences and make the necessary adjustments if the need arises. The majority of trades executed on Forex are automated because most operations depend on precision and efficiency, not intuition.
VPS Forex Trader is a great web hosting provider that specializes in creating optimal circumstances for traders on the foreign exchange market. With the best tools at your disposal, you'll have enough breathing room to improve your trading strategy and avoid unnecessary micromanagement. Rent out a VPS today and reach a new level of success in Forex!
MetaTrader4 (MT4) has been the most popular trading platform among Forex traders for more than a decade. Even the releases of new innovative platforms and its successor MetaTrader5 (MT5) are yet to match the success of this highly customizable platform. Although MT5 provides access to other trading information and is much faster and efficient than MT4, the older platform still dominates the world of Forex trading.
However, over the years, MT4 has attracted its fair share of doubters and skeptics. The questioning of the platform's integrity often scares away interested beginners looking for an opportunity to trade on the foreign exchange market. Let's take a look at these doubts to figure out the legitimacy of MT4.
MT4 - A scam platform simulated by the brokers?
Some traders shy away from using MT4 because they believe it presents a trading environment simulated by brokers. However, the real problem lies within the lack of understanding of what the platform actually does.
MT4 is a program that opens up communication between the trader and the broker. If you are experiencing any problems or feel suspicious about getting scammed, the problem may lie in your choice of a broker. If you choose a respected, legitimate broker, you will never question the legitimacy of the platform.
So many brokers use MT4 not because it is a great tool to scam customers, but because it gives the user many customizable tools that allow us to create an individualized system for trading in the most comfortable fashion. Brokers also appreciate MT4 because of its availability and a strong stance on security
Potential MT4 problems
MT4 has been the most popular Forex trading platform for quite a while now, but it is by no means perfect. While most users appreciate the platform for its accessibility, customization, and free-of-charge use.
One of the biggest downsides of MT4 is its functionality on non-Windows operating systems. If you want to run the platform on macOS, Linux distributions, and other Unix-like OS, you'll have no choice but to use Wine to compile and run a Windows application.
Also, the functionality of MT4 can mess up after a Windows 10 OS update, forcing users to reinstall the platform and regain access to MT4 only with a new key from the developer.
Despite some difficulties, MT4 is a legitimate platform that provides traders with the best tools for each level of technical proficiency. If you find a good broker, you can even set up Expert Advisors (EA) to scale up automate a big portion of your trades.
How can I push MT4 to the limit?
If you already possess the basic trading skills, you will start to notice the minute details that can make a big difference when trading on the foreign exchange market. Great internet connection, low latency, and a location at close proximity to your broker make your trades much more precise, but that is rarely achievable from the comfort of your home. VPS Forex Trader rents Virtual Private Servers (VPS) to fulfill the needs of serious Forex traders. VPS Forex Trader creates the best circumstances to run one or multiple MT4 platforms that execute trades without much delay. Get yourself a VPS today to maximize your trading potential!
MetaTrader4 (MT4) is the most popular electronic trading platform used by most traders on the foreign exchange market. Even with the constant development of new trading tools and the release of MetaTrader5 (MT5), MetaQuotes Software has struck gold with MT4. The platform maintains its supreme popularity and usage rate by fulfilling the needs of Forex traders with various levels of expertise.
The accessibility, familiarity, and server stability of MT4 maintain the excellence of the platform in the eyes of many traders. Easy to learn and with a lot of room for mastery, MT4 remains the recommended platform for beginner traders. With a lot of room for configuration and automation with Expert Advisors (EA), the Forex trading community shows great appreciation for the platform and its functionality.
However, MT4 skeptics keep finding ways to undermine the integrity and practicality of the platform. A highly customizable tool has been on the top of the trading game for 16 years, so it should not come as a surprise that its large user base might experience some problems. Some users have reported the poor functionality of the platform on Windows 10 OS. Let's address these problems and answer the question: does MT4 work on Windows 10?
Why MT4 stops working after Windows 10 update
The biggest concern of MT4 is the unavailability of the platform after the Windows 10 update. What exactly happens in this situation and what can traders do to restore the functionality of the platform?
After the OS update, the MT4 can become incompatible with your system. Although the problem might seem unreasonable and may highlight serious compatibility issues of MT4, the real reason for this issue is quite different.
To protect the financial and personal information of its users, MetaQuotes stores sensitive data on the hardware and OS of Forex traders. A difference of keys may restrict access to the platform because it was bound to a prior version of Windows 10. If such a problem occurs, it can affect multiple platform users. In such a case, you should receive a new activation key that will allow you to access your account after you reinstall the platform.
Make sure to check your logs for more information
Even though a Windows 10 update is the most common issue for concern you can always encounter different problems that may trouble the proper functionality of MT4. If an issue persists, do not rush to reinstall your platform again. Check your logs to identify other underlying problems.
How Forex traders should use MT4
With enough knowledge, MT4 users are eager to scale up their Forex trading operations. To make sure that the highest levels of internet speed and execution accuracy are achieved, choose a good Virtual Private Server (VPS) with Windows 10 support to boost your trading success. VPS Forex Trader provides the best VPS services dedicated to Forex traders. With the most suitable locations for minimal latency and exceptional customer support, these servers will help get the most out of MT4 and other trading tools.