tradingtools.directory
Submit a tool

MetaTrader 4

Long-standing forex trading terminal with expert advisors, via your broker

Free📈 Charting & Technical Analysis🤖 Automation & Trading Bots
Visit metatrader4.com ↗

About MetaTrader 4

MetaTrader 4 is the retail forex terminal released in 2005, known for its charting, one-click trading and thousands of custom indicators and expert advisors written in MQL4. Like MT5, it is offered through brokers rather than sold directly, and many brokers have stopped issuing new MT4 licenses in favour of MT5. It remains popular for its huge ecosystem of third-party tools.

Best for: Forex traders who rely on existing expert advisors and indicators.

Pros

  • Huge library of indicators and EAs
  • Light, stable and widely supported by brokers
  • Free through brokers

Cons

  • Aging platform with fewer timeframes and order types than MT5
  • Some brokers no longer open new MT4 accounts
  • Limited to forex and CFDs in practice

Tags

#forex#free-tier#desktop-app#mobile-app#backtesting#day-trading

More in Charting & Technical Analysis

See all

AmiBroker

Backtesting & Strategy Research

Windows charting and backtesting program with a fast array-based AFL language

Paid#desktop-app#backtesting#advanced

Barchart

Screeners & Scanners

Market data, screeners and options pages with commodities and futures strength

Freemium#stocks#options#futures

Bookmap

Charting & Technical Analysis

Order-book heatmap and volume analysis for futures and crypto day traders

Freemium#futures#crypto#level-2

Charles Schwab / thinkorswim

Brokers

Full-service US broker with the thinkorswim platform for advanced options and charting

Freemium#stocks#etfs#options

ChartMill

Screeners & Scanners

Technical and fundamental stock screener with ratings for US and European stocks

Freemium#stocks#free-tier#web-app

Coinigy

Charting & Technical Analysis

Crypto trading terminal that connects to many exchanges from one interface

Paid#crypto#web-app#desktop-app