Complete MT4 Guide — Download, Setup & Advanced Tips

Everything about MetaTrader 4: download, configuration, indicators, and Expert Advisors.

Complete guide to the world's most popular forex platform, MetaTrader 4.

What is MT4?

MetaTrader 4 by MetaQuotes Software — the industry standard since 2005. Features: comprehensive charting, custom indicators, EA support, multi-device.

Download Steps

1. Visit your broker's official site

2. Download MT4 from "Platforms" section

3. Choose Windows/Mac/iOS/Android

4. Login with broker-provided credentials

Basic Operations

Charts: Right-click pair → "Chart Window"

Timeframes: M1 to MN (9 options)

Indicators: Insert → Indicators menu

Orders: One-click, market, limit, stop orders

Recommended Indicator Setup

MA: 20 (short), 50 (medium), 200 (long)

RSI: Period 14, levels 30/70

Bollinger Bands: Period 20, deviation 2.0

MACD: Fast 12, Slow 26, Signal 9

EA Setup

1. Get EA file (.ex4)

2. Copy to MQL4/Experts folder

3. Restart MT4, drag EA to chart

4. Set parameters, enable AutoTrading

Tip: Use VPS for 24/7 operation.

MT4 vs MT5

MT4: Vastly more EAs and indicators available. Better compatibility with existing tools.

MT5: Faster processing, more timeframes. Good for new users starting fresh.