FXGT MetaTrader 4: Trading Platform

Best Global Trading Conditions 2024

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metatrader4

FXGT offers MetaTrader 4 (MT4) as one of its primary trading platforms. MT4 provides traders with advanced charting tools, automated trading capabilities, and a user-friendly interface.

Key features:

  • Multiple chart types and timeframes
  • Over 50 built-in indicators
  • Expert Advisors (EAs) for automated trading
  • Customizable interface
  • Mobile trading support

Downloading and Installing MT4

To start using MT4 with FXGT:
  1. Visit the FXGT website
  2. Navigate to the “Platforms” section
  3. Select “MetaTrader 4”
  4. Click “Download” for your operating system (Windows/Mac)
  5. Run the installer and follow on-screen instructions
  6. Launch MT4 after installation

MT4 Features Across FXGT Account Types

FXGT offers MT4 platform access for all its account types. However, some features and trading conditions may vary. The following table provides an overview:
Feature Mini Account Standard+ Account PRO Account ECN Account
Minimum Deposit $5 $5 $5 $5
Spreads From 10 points 10 points 5 points 0 points
Commission $0 $0 $0 Up to $6 per lot
Max Leverage 1:1000 1:1000 1:1000 1:1000
Expert Advisors Yes Yes Yes Yes
Hedging Allowed Allowed Allowed Allowed
Scalping Allowed Allowed Allowed Allowed
One-Click Trading Yes Yes Yes Yes
Mobile Trading Yes Yes Yes Yes
VPS Service Available Available Free Free
This table helps traders understand how MT4 functionality and trading conditions align with different FXGT account types. Consider these features when choosing the most suitable account for your trading strategy.

Chart Types and Timeframes

MT4 offers multiple chart types:

  1. Line Chart
  2. Bar Chart
  3. Candlestick Chart

Available timeframes:

  • 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)

Account Login Process

To log in to your FXGT MT4 account:

  1. Open the MT4 platform
  2. Click “File” > “Login to Trade Account”
  3. Enter your FXGT account number and password
  4. Select the FXGT server from the dropdown menu
  5. Click “Login”

MT4 Interface Overview

The MT4 interface consists of several key components:

  1. Market Watch: Displays available trading instruments
  2. Navigator: Access to accounts, indicators, and EAs
  3. Chart Window: Shows price charts for selected instruments
  4. Terminal: Displays trade history, account information, and news
  5. Toolbar: Quick access to various functions and tools

Technical Indicators and Drawing Tools

MT4 provides a wide range of technical indicators:

  1. Trend Indicators (e.g., Moving Averages, MACD)
  2. Oscillators (e.g., RSI, Stochastic)
  3. Volume Indicators
  4. Custom Indicators

Drawing tools include:

  • Trendlines
  • Fibonacci retracements
  • Elliot Wave patterns
  • Gann tools

Order Types on MT4

FXGT MT4 supports various order types:

  1. Market Order: Immediate execution at current market price
  2. Pending Orders:
    • Buy Limit
    • Sell Limit
    • Buy Stop
    • Sell Stop
  3. Stop Loss: Limits potential losses
  4. Take Profit: Secures profits at a predetermined level
FXGT metatrader 4

Expert Advisors (EAs) and Automated Trading

MT4 allows for automated trading through Expert Advisors:

  1. Download or create custom EAs
  2. Test EAs using the Strategy Tester
  3. Apply EAs to charts for automated execution
  4. Monitor EA performance in real-time

MT4 Mobile Trading

FXGT offers MT4 mobile apps for iOS and Android:

  1. Download from App Store or Google Play
  2. Log in using FXGT account credentials
  3. Access charts, place trades, and manage positions on-the-go
  4. Synchronize with desktop platform

Customizing the MT4 Interface

Personalize your MT4 workspace:

  1. Rearrange windows by dragging and dropping
  2. Add/remove indicators from charts
  3. Customize color schemes
  4. Create multiple chart templates
  5. Save workspace configurations
Mobile App Features

News and Economic Calendar

Stay informed with integrated news features:

  1. Access financial news within the terminal
  2. View upcoming economic events
  3. Set alerts for important announcements

One-Click Trading

Enable faster trade execution:

  1. Activate one-click trading in MT4 settings
  2. Click buy/sell buttons directly on the chart
  3. Set default trade sizes for quick orders

Risk Management Tools

MT4 provides several risk management features:

  1. Stop Loss and Take Profit orders
  2. Trailing Stops
  3. Margin calculator
  4. Account level indicators (equity, balance, margin)

Market Depth and Level II Pricing

Access advanced market information:

  1. View Market Depth window for available liquidity
  2. Analyze bid/ask volumes
  3. Identify potential support and resistance levels

Backtesting and Optimization

Improve trading strategies:

  1. Use Strategy Tester for historical performance analysis
  2. Optimize EA parameters for better results
  3. Generate detailed reports on strategy performance

Multi-Terminal Functionality

Manage multiple accounts simultaneously:

  1. Open MT4 Multi-Terminal
  2. Log in to multiple FXGT accounts
  3. Monitor and trade across accounts from a single interface

Price Alerts

Set up custom notifications:

  1. Right-click on a chart and select “Create Alert”
  2. Define price levels or conditions for alerts
  3. Choose notification method (pop-up, email, sound)

Chart Templates and Profiles

Organize your trading workspace:

  1. Save chart setups as templates for quick application
  2. Create profiles for different trading styles or markets
  3. Switch between profiles for efficient analysis
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Updating MT4

Keep your platform current:

  1. MT4 checks for updates automatically
  2. Install updates when prompted
  3. Restart the platform after updates

Security Features

Protect your FXGT MT4 account:

  1. Enable two-factor authentication (2FA)
  2. Use a strong, unique password
  3. Avoid sharing account credentials
  4. Log out when not actively trading

Trading Signals

Access and copy trades from signal providers:

  1. Navigate to the “Signals” tab in the Terminal window
  2. Browse available trading signals
  3. Subscribe to signals that match your trading style
  4. Automatically copy trades to your FXGT account

MT4 Limitations and Considerations

Be aware of platform constraints:

  1. Limited to 4 digits of precision for most currency pairs
  2. Maximum of 99 technical indicators on a single chart
  3. Restricted to forex and CFD trading (no stocks or options)

Troubleshooting Common Issues

Address frequent MT4 problems:

  1. Connection issues: Check internet and FXGT server status
  2. Chart data gaps: Refresh charts or restart platform
  3. EA malfunctions: Review code and optimize settings

FAQ: Preguntas Frecuentes

 If you encounter an “Invalid Account” error:

  1. Double-check your account number and password
  2. Ensure you’ve selected the correct FXGT server
  3. Verify your account is activated and not suspended
  4. Clear the MT4 cache: navigate to File > Open Data Folder, delete the “config” and “cache” folders
  5. Restart MT4 and attempt to log in again
  6. If the issue persists, contact FXGT support at [email protected]

To improve MT4 performance:

  1. Close unnecessary charts and indicators
  2. Reduce the number of active Expert Advisors
  3. Clear the MT4 cache as described in Q1
  4. Ensure your computer meets MT4 system requirements
  5. Update to the latest version of MT4
  6. If problems continue, try reinstalling the platform
  7. Contact FXGT technical support if issues persist

To recover missing trading history:

  1. Check the “Account History” tab in the Terminal window
  2. If history is missing, right-click in the history tab and select “All History”
  3. If still not visible, restart MT4 and log in again
  4. For persistent issues, contact FXGT support with your account details
  5. Request a trading history report from FXGT’s back office
  6. Consider regularly exporting your trading history as a backup