MetaTrader 4 (MT4)

Introduction to MetaTrader 4

MetaTrader 4 (MT4) remains a cornerstone in forex trading software since its launch in 2005. Renowned for its reliability and adaptability, MT4 empowers traders with tools for technical analysis, algorithmic trading, and multi-device accessibility. Its ecosystem integrates mobile trading, copy trading via Signals, and a marketplace for Expert Advisors (EAs), making it a versatile choice for both novice and professional traders .

Core Features of MT4 Trading Platform

MT4 offers advanced charting capabilities with 30 technical indicators and 24 analytical objects, enabling detailed market analysis. The platform supports multiple order types, real-time quotes, and two execution modes for precise trade management. Traders benefit from automated strategies through EAs, while the Signals service allows copying trades from experienced investors . Mobile apps for iOS and Android ensure 24/5 market access, with features like push notifications and cross-device synchronization .

Platform Versions & Accessibility

Available across desktop, web, and mobile devices, MT4 ensures seamless trading experiences:

• Desktop: Full technical analysis toolkit with customizable charts and EAs
• Mobile: iOS/Android apps featuring 9 timeframes, 3 chart types, and instant order execution
• Web Terminal: Browser-based access requiring no installation

Recent updates (build 1440 in February 2025) enhanced platform stability and security protocols .

Automated Trading & Expert Advisors

MT4 revolutionized algorithmic trading through its MQL4 programming language, enabling traders to develop or purchase EAs from the integrated Marketplace. These robots analyze markets and execute trades based on predefined parameters, eliminating emotional bias. The platform’s Strategy Tester allows backtesting EAs against historical data for performance validation .

Security & Continuous Improvements

MetaQuotes maintains MT4’s industry leadership through quarterly updates addressing security vulnerabilities and system optimizations. The 2024-2025 update cycle focused on encryption enhancements and reduced latency in order execution. While MT4 doesn’t directly handle financial transactions, it employs TLS 1.2 protocols for data transmission between traders and broker servers .

Why MT4 Continues to Dominate

Despite newer platforms like MT5 gaining traction, MT4 retains dominance with 55.8% market share in Q3 2024. Its enduring popularity stems from:

• Extensive third-party plugin ecosystem
• Low system resource requirements
• Broader broker compatibility (2,000+ servers)
• Established user familiarity in forex communities

Market analysts project MT4 will maintain relevance through 2025, particularly among retail forex traders .

The Future of MT4 in 2025

While MT5 adoption grows at 44.2% market share, MT4 remains preferred for pure forex trading due to its streamlined interface. However, MetaQuotes has gradually shifted development focus to MT5, with MT4 receiving only critical updates. Brokers increasingly offer both platforms, though MT4’s plugin compatibility ensures its longevity in specialized trading strategies .