For easy set-up instructions, watch our MT4 setup video. Build trading algorithms and back-test your strategies. What happens if there is a margin alert? Will my MT4 platform tell me before a margin closeout is triggered? For more information refer to our regulatory and financial compliance section. Expert Advisors EA are automated trading tools developed by third parties. OANDA Technical Analysis, including Autochartist services and content, is provided for informational purposes only, and does not take into account any individual's personal circumstances, investment objectives, or risk tolerance.
Restricting cookies will prevent you benefiting from some of the functionality of our website. Open an account Try a free demo. Open and fund your account. Select your MT4 sub-account and transfer funds. Select your MT4 sub-account.
Download and login with your MT4 account number. Download MT4 and Start Trading. How to install MT4 plugin. Open a demo account to fine tune your trade strategies Try a demo account. Apply for a live account now and you could be trading in minutes Open a live account Losses can exceed investment. MetaTrader 4 MT4 is a Windows-based electronic trading platform with automated trading capabilities.
To locate your MT4 sub-account number: Click on Manage Funds View iv. Select the account with a MT4 icon v. Note your MT4 account number to be used as the login ID. Live trading account servers: Use this server if your account has a v20 tag on the Manage Funds page. Supports v20 MT4 hedging accounts. Supports MT4 hedging compatibility accounts. Does not support hedging. Demo trading account servers: They do not support clients from other regions. However, the smallest MT4 trading size is a micro lot 1, units , so with These programs perform prompt technical analysis of price data, and manage trading activities on the basis of pre-programmed trading strategies.
The entire routine work of technical analysis and trading can be programmed into an EA. EAs are automated trading tools developed by third parties. What is a custom indicator? A custom indicator is a program developed in MetaQuotes Language 4 MQL 4 by the user and functions as a technical analysis trading indicator. Technical indicators are mathematical calculations of currency pair prices created to help forecast future price changes. Traders use indicators to help assess if a current trend will remain the same, and where it will turn.
Indicators are intended to simplify the complicated process of decision making in trading. Their algorithms are also used to develop trading tactics and EAs. For the account to synchronize correctly on the MT4 interface, these trades need to be in lots or mini lots to avoid rounding differences.
Drawing Candles -- The OANDA Desktop trading platform draws all candles that occur during trading hours using your choice of the midpoint, the bid, or the ask. MT4 uses bid prices to build all candles and does not draw candles that do not contain any ticks. When this occurs the balance shown on the OANDA Desktop trading platform will be the one used in all calculations, including for margin closeouts. If your account doesn't have enough funds to cover your open trades, the OANDA servers will close all of your open trades.
This will be transmitted to the MT4 server and represented as many trades closing. Unfortunately, there is no functionality in MT4 for issuing margin warnings. Why did I receive a message that says, "Off Quotes"? This message could have been triggered by a number of things: You do not have enough funds in your trading account to make the trade. There is insufficient liquidity in the market to support your trade.
You exceeded the maximum trade size. The duration of your limit order exceeds the maximum of days. There is not a recent tick for that instrument in MT4 in this case, you should still be able to trade the instrument on other OANDA platforms. You should also see an explanation that includes more details in your MT4 mailbox at the time you attempt to close the trade. If you would like to ensure your trailing stops are always being tracked, even when you're offline, you can create them using other OANDA platforms instead.
Positive interest will show up as a deposit; negative interest will show up as a withdrawal. Also, if during a re-sync with the OANDA trading platform there was a trade closure that was missed, it will show up as a deposit if profitable or a withdrawal if not profitable. How much historical data is published on MT4 vs. The OANDA platform supports margin trading, which means you can enter into positions larger than your account balance. After 45 days closed limit and stop orders are removed from the MT4 history, and after 90 days all other closed orders are removed all activity will still available within your account's full transaction history available from your OANDA account page.
Note that if you have MT4 alert notifications turned on you may receive one when older orders are being removed from your MT4 history during closed market hours over the weekend. These notifications are benign and can be ignored. Hedging capabilities not available to residents of the U. Losses can exceed investment.More...