Category: MT4

MT4 Manual Backtesting Full Guide (with useful tips and indicators)
MT4
Justina Nothard

MT4 Manual Backtesting Full Guide (with useful tips and indicators)

Backtesting is a key part of any strategy development. In this guide we will show you how to conduct a proper manual backtest in MT4 and record and evaluate your results. We will also highlight some options that may be useful when backtesting a strategy including free MT4 indicators to help you. How to backtest

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MT4 Investor Password Full Guide (share and analyse trades)
MT4
Justina Nothard

MT4 Investor Password Full Guide (share and analyse trades)

MT4 investor mode is a special feature of MT4 which can be accessed with an MT4 investor password. In this guide we will fully explain how to access and make use of the MT4 investor account. What Is An MT4 Investor Password? An MT4 investor password is a password which you can create if you

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What Is MT4 Portable Mode And Why It Is Useful (full guide)
MT4
Justina Nothard

What Is MT4 Portable Mode And Why It Is Useful (full guide)

Metatrader uses two separate local directories when you use the desktop version. The first is the installation directory and the second is the data directory where your terminal settings are kept. MT4 Portable Mode creates the data directory (MQL4 folder) in the same folder as the installation directory so all settings run from the same

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20 Reasons Why MT4 Is The Most Popular Trading Platform
MT4
Justina Nothard

20 Reasons Why MT4 Is The Most Popular Trading Platform

Released in 2004 by MetaQuotes Software, MT4 has become the standard platform for those first coming into trading and shows no signs of slowing down Five years after the release of MT4, MetaQuotes released its successor, MT5. But it never reached the success of MT4 which continues to be popular to this day. MT4 interest

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MT4 Chart Setup Guide (with handy tips and free indicators)
MT4
Justina Nothard

MT4 Chart Setup Guide (with handy tips and free indicators)

Every trader has their own preferences for the look and feel of their charts. In this article we will explain how to fully manage and customize your MT4 charts. We will also show you some useful tips and tricks for getting the most out of your charts including some free MT4 indicators to make reading

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How To See Your Net Position In MT4 For Any Symbol (free tool)
MT4
Justina Nothard

How To See Your Net Position In MT4 For Any Symbol (free tool)

If you are trading across multiple assets / symbols in MT4 with multiple open positions, then you will want to see your net (average) position in any symbol so that you can manage your trading more effectively. In this article we will show you how. There are three ways to see and manage net (average)

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Guide To Scaling Out Trades And Partial Close In MT4 (with example) In this article we will cover the strategies and tools needed to scale out of trades successfully in MT4
MT4
Justina Nothard

Guide To Scaling Out Trades And Partial Close In MT4 (with example)

In this article we will cover the strategies and tools needed to scale out of trades successfully in MT4. We’ll show you how to use good risk to reward principles and explain how to use the partial close option in the MT4 trade window. What Is Scaling Out? Scaling out is a risk management strategy

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How To Close All Positions In MT4 (free tool)
Indicators
Justina Nothard

How To Close All Positions In MT4 (free tool)

If you have every wondered how to close all open positions in MT4 then look no further! In this article we will explain how you close all trades with the click of one button. There is no built in function in MT4 to close all positions. In order to do this you will need to

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Are MT4 Custom Indicators Safe? DLL And Virus Fears Explained
MT4
Justina Nothard

Are MT4 Custom Indicators Safe? DLL And Virus Fears Explained

The popularity of MetaTrader 4 (MT4) means that there are literally thousands of sites available to find custom MT4 indicators or expert advisors (EAs). But are these indicators safe? Some of them may require DLL imports, what does that mean and is there a risk? Are MT4 Indicators Safe? Yes, MT4 custom indicators are safe

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