MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders.

[9] Although MT5 was introduced in 2009, according to a study conducted in September 2019, MetaTrader 4 was still the most popular Forex trading platform in the world at the time.

[12] The client terminal includes a built-in editor and compiler with access to a user contributed free library of software, articles and help.

hosts a large group (over 12,000 members) devoted to development of free open source software for MetaTrader.

However, a number of third party developers have written software bridges enabling integration with other financial trading systems for automatic hedging of positions.

However, a good trading opportunity can be missed when the volatility is high and the requested price cannot be served.

[19] Request execution mode enables trader to execute a Market order in two steps — first, a price quote is requested, then, a trader decides whether to buy or sell using the received price.

[21] The complete MetaTrader 4 package includes the following components: The platform is focused on margin trading.

Some brokerages use MetaTrader 4 to trade CFD but it is not designed for full-time work in the stock market or exchange-traded futures.