Trade245 MT4 Download
In this article
Trade245 offers trading on MetaTrader 4 – a leading platform for trading financial assets that have become the market standard online. Trade245 MT4 download is easily possible through the official website of the broker.
If you want to know how to download the MT4 platform to start trading with the Trade245 broker, we will discuss the details and advantages of downloading and using Trade245 MT4.
What is the MT4 trading platform?
A trading platform refers to trading servers and trade terminals utilised in trading on financial markets.
Platforms allow for the purchase and sale of goods, analysis, graphic usage, and other functions for handling accounts.
A small software program installed on the trading platform, such as a computer, tablet, or phone.
Real-time quotes are transmitted to the trader’s trading terminal through the trading platform, and the trader sends the trade order to the broker for opening or closing positions.
Currently, the company does not offer MetaTrader4 as a trading terminal, which is the best client terminal currently available.
MetaTrader4 is the most popular trading platform. Even though MetaTrader4 possesses many features, it is simple to understand. Due to the thoughtfully designed interface, everything looks intuitively clear and simple.
It takes a few minutes for the Terminal to develop. Therefore, if a trader has questions about the Terminal, the FAQ section should answer.
The MetaTrader4 client terminal can be downloaded for free, and you can understand who it is chosen by hundreds of brokers and thousands of traders from all over the world.
How to install MT4 in windows?
The MT4 platform offered by Trade245 was pioneered to provide quality execution. Trade245 MT4 platform is fully automated, has no requotes, rejections, and has flexible leverage ranging from 1:1 to 500:1.
Today, MetaTrader4 is the top-of-the-line trading platform for innovative, powerful capabilities. Retail investors can buy and sell currencies with this system because it can handle dozens of different financial instruments.
The MT4 platform is also designed to support trading in futures, indices, equity shares, and other CFDs. MetaTrader4 is an ideal platform for traders of all levels of expertise. Its extremely user-friendly interface, advanced charting tools, technical analysis tools, and automated trading features set are recognized. In addition, MetaTrader4 offers multiple account base currencies, including USD, EUR, GBP, SGD, and PLN.
This platform is available in more than 30 languages. One of MetaTrader4’s major competitive advantages is its distributed architecture, robust security system, and convenient mobile trading, which can satisfy even the most demanding trading needs.
How do you use MT4?
You can access and use MT4 on Trdae245 by following the steps below.
Create an account
You must create a Trdae245 account before using Trade245’s MT4 platform. You can then create a live MT4 account from the My Trade245 dashboard. The download MT4 page contains more information on how to do this.
Downloading MT4 to your device is easy once you have created an account. You can log into MT4 using your Trade245 credentials once you have downloaded the software.
Open a position
You can place a trade by going to the ‘tools’ section and clicking ‘new order.’ A window called ‘order’ will be displayed. On your keyboard, pressing F9 will also bring it up.
The order window will appear once you have completed those steps.
Even though the order window can appear intimidating at first, here is a quick overview of its component:
Symbol – the drop-down list lets you select the market on which you want to trade.
The volume describes the number of contracts you would like to trade on a CFD account.
Stop-loss – enter the amount you would like to close the trade if it goes against you. The stop orders on MT4 are the same as those on the Trade245 platform.
Take profit – enter your desired profit level here to lock in profits.
Comment – a space for commenting regarding specific trades; or advanced trade-management purposes.
Type – select “instant execution” if you want your trade to be placed right after you select either ‘buy’ or ‘sell.’ As an alternative, you may choose the level at which your trade will open by selecting ‘pending order.’
If you choose to place a trade, the following options are available to you:
When you place a trade, keep in mind that the price may suddenly move as you place it, and this may cause it to be rejected.
Nevertheless, if you wish to trade within a certain price range, check the box and type in the maximum deviation you are willing to tolerate (from the current price).
Buy or sell – click ‘buy’ once you’re ready to place your trade if you believe the market will rise, or ‘sell’ when you believe it will fall. The trade will then be placed.
Type – you can choose from ‘buy limit,’ ‘set limit,’ ‘buy stop,’ and ‘sell stop’ for the type of order you want to place. Understand the difference between stops and limits.
At a price – choose the price level at which you wish to have your order executed (note: some types of orders will be executed at the market price no matter whether your chosen level is breached).
Expiry – by checking this box, you specify a time and date when your order will expire if the market doesn’t reach your ‘at price’.
Place – if you are ready to place an order, click this button.
Monitor and close your positions and pending orders
Open the ‘terminal’ window by pressing Ctrl + T, or you can click ‘view’ in the toolbar and choose ‘terminal’ to see your active positions and pending orders.
The next step is to click on the ‘trade’ tab. You can then cancel a position or delete a pending order by clicking the small ‘X next to the profit column.
Modify stops and limits on open positions
You can modify stop orders and limit orders on open positions and pending orders by opening the ‘terminal’ window (Ctrl+ T) and navigating to the ‘trade tab. In addition, you can edit an existing position or pending order by clicking right on it, selecting ‘modify, then deleting order’ to bring up the order window.
Your position can then be modified or added to using stops and limits. Once you are done, click the red ‘Modify’ button to confirm the changes you have made.
Customise MT4 charts
To customise charts in MT4, you can choose from various tools. Below is how:
Draw on charts
MT4 offers several ‘objects’ that can be drawn on charts. The following is a list of what is available from left to right:
- Line up vertically
- Line up horizontally
- Create a trendline
- Draw equal-length channels
- Retrace the Fibonacci number
- Draw a text box
- Make a text label
- An arrow
You can draw by selecting an object from the toolbar and clicking on it. When you click on some objects on the chart, you can adjust the width or position by moving your mouse.
Other objects open a separate customisation window.
Objects can be edited or removed by right-clicking on the chart and selecting ‘object list’ from the menu. You will see a list of all the currently active objects when you click this.
Click on the icon for the selected object and click ‘edit’ to customise the indicator settings. Or click ‘delete’ to remove the indicator.
A chart can be augmented with indicators such as RSI, stochastics, and Bollinger bands. You can place any indicator on a chart by dragging it out of the navigator window and putting it on top. When you click this, a window will usually open to customise how the indicator looks.
You can use the indicator function to add indicators to a selected price chart on the menu bar. Click ‘Insert’ then ‘Indicators,’ and choose your preferred indicator to insert an indicator.
The ‘indicators list’ menu is available by right-clicking within a chart window and selecting the ‘edit/remove indicators’ option. The window that opens will show a list of all the current indicators listed on the chart. You can edit the indicator settings or remove them by clicking the ‘edit’ or ‘delete’ button after choosing your preferred indicator.
Change a price chart’s timeframe by right-clicking on the chart, selecting ‘timeframe,’ and then choosing an option from the drop-down menu. For example, you can choose a timeframe from one minute to one year.
The toolbar buttons on a selected price chart permit you to change the timeframe. Here is a list of the options:
- M1 (1 minute)
- M5 (5 minutes)
- M15 (15 minutes)
- M30 (30 minutes)
- H1 (1 hour)
- H4 (4 hours)
- D1 (1 day)
- W1 (1 week)
- MN (1 month)
Set up a price alert
You can set up a price alert by opening the ‘terminal’ window and selecting the ‘alerts’ tab. Next, choose ‘create’ using the right-click menu. You can customise your price alert in the ‘alert editor’ window when clicking this.
View your trade history
You can view your account history by navigating to the ‘account history’ tab in the ‘terminal’ window. If you right-click within the window, you can choose one of the following choices to change the date range:
- All history
- Last three months
- Last month
Custom period (if you select this option, you can choose a date range in a new window)
Download trade reports
You can generate a trade report by going back to the ‘account history tab of the ‘terminal’ window. Click on the right-click menu within the window, and then choose:
- Save as report
- Save as detailed report
Using either option, you will see an account summary plus the individual transactions (closed transactions, open transactions, and work orders). You’ll also find additional metrics such as drawdown and profit factor in the detailed report.
Choose from thousands of MT4 indicators and add-ons
Its add-ons and indicators largely define MT4.
A technical analysis indicator is a tool designed to aid in your decision-making when the markets are open. With Trade245, you can access pivot points, order histories, and Renko indicators.
By contrast, add-ons are meant to help you customise your individual trading style and goals for the MT4 platform.
The Trade245 add-ons provided for free include mini terminals, stealth orders, and alarm management. These add-ons will let you fully customise the MT4 platform.
Discover more about MT4 add-ons and indicators
The MT4 platform includes many indicators and add-ons that you can use, but you can also use programs like Expert Advisors to automate your trading process. Trade245 offers a detailed explanation of Expert Advisors on its website.
Practise risk-free trading on MetaTrader 4
Demo versions of Trade245 MetaTrader 4 have the same layout as the live versions, with four trading windows and more than 80 markets available.
A virtual account of £10,000 is provided for you to trade with.
Trading is possible on forex pairs, commodities, indices, and cryptocurrencies. You can test your trading strategies using the Trade245 MT4 demo account‘s wide variety of markets, as well as learn about one of the most popular platforms without taking any risks.
Additionally, you will receive the same free add-ons and indicators that you are entitled to with a live account. Among them are pivot points, order histories, and the Renko indicator. Mini Terminal, stealth orders, and alarm manager are some of the add-ons that help you fully customise MT4.
How do I update MT4?
The MT4 Terminal automatically updates itself. Updates will always be enabled by default, so you will always be running the newest version of MT4.
How do I install an MT4 indicator?
Installing an indicator on MT4 requires copying the indicator file into a folder named ‘indicators.’ You can find the ‘indicators’ folder by clicking on ‘file’ in the top navigation bar and then selecting ‘open data folder.’
Can I try out MT4 indicators on an MT4 demo account?
If you want to try Trade245 free indicators and apps without committing any money, you can install them in an MT4 demo account.
Forex traders use MT4, or MetaTrader 4, to access electronic trading platforms online. Forex trading platforms such as MetaTrader 4 are among the most popular ones available today. It provides online traders with an opportunity to analyse financial marketing, regardless of their skill level. With trade245, you can get many indicators and tools to trade effectively. Also, you can test your trading strategies by using a demo account MT4 trading platform.
Jason Morgan is an experienced forex analyst and writer with a deep understanding of the financial markets. With over 13+ years of industry experience, he has honed his skills in analyzing and forecasting currency movements, providing valuable insights to traders and investors.
Forex Content Writer | Market Analyst