What a Great Forex Trading Support — Meta Trader MT4
Meta Trader 4 (MT4) is a widely used trading platform that typically runs on a VPS (virtual private server) — supported by almost all Forex and CFD brokers.
Although MT4 is being considered outdated by some, as its successor MT5 is trying to take precedence, we still consider MT4 as being the primary trading platform. Best confirmation right here as IG (one of the most reputable Brokers globally) is offering MT4, not MT5 as one of their Third-party trading platforms.
MT4 has been around for many years now — Developers are comfortable and familiar with coding for MT4. It has truly become one of the most sought-after trading platforms within the Forex and CFD trading community.
One of the most interesting aspects about MT4 is that it supports EA robot trading — forex expert advisors robot can be semi-automated or fully automated forex robot. This is software programmed to buy/sell automatically at various pricing and market conditions.
If you are trading an EA robot such as the Breakout EA robot, arguably the most important thing would be the stability of your trading platform. Sometimes price movements are fast — price actions can occur quickly — one fraction of a second could make or break a trade, therefore having the reassurance that your MT4 is 24/7 stable and efficient, Traders and Investors can truly sleep well at night.
Another very important benefit is allowing Investors and Traders to backtest Indicators or EA robots. There are various good resources online about backtesting with various modeling qualities — the higher the better. Backtesting can be also integrated with additional databases such as Tick Data Suite and Tickstory. It allows Investors and Traders to look at past market conditions. Although market conditions from the past do not necessarily reflect future market conditions, it is still a very good indication of understanding a certain behavior of an EA robot or Indicator.
It’s like building a new car, but never taking it for test drives. If you don’t backtest a forex trading robot with a high (at least 99.90%) modeling quality, you won’t understand much about its behavior, even if you run an EA robot on a Demo account for a certain period of time. Backtesting is essential, and MT4 provides the perfect support for that.
Thus, backtesting various market and pricing conditions are key to EA robot trading.
The Breakout EA robot has provided truly amazing backtesting results with the Forex pair EURUSD trading robot.
