Forex.com, FXCM and Alpari are among the many Forex brokers that use this platform. There are many options due to the portability of this platform from desktop to handheld and its multi-account functionality. Easy to download and quickly connect your trading account. The session indicator mt4 forex factory allows you to customize your screens and windows. It has an easy-to-access buy and sale order form. There are also 50+ indicator built into the platform.
MQL4 (automated language) is one of the features that traders will find most useful. They can use it to convert their own strategies into automated programs, which then trade for them. It comes with a support forum that is designed for experienced and new traders alike who wish to automate a winning trading strategy in order to gain passive income. Includes a currency database and a strategy tester for back testing your trading strategy.
It is obvious that Tradestation, a software for experienced traders, is much more widely used than MT4, which is more commonly known to the common household trader. It has a built-in indicator, customizable screens, and windows. Multi-trading different accounts is possible, and the program EA can be added to your account. It is based on structure text, plain English and not C programming. This allows trader to quickly automate strategy in computer programs.
Another software trading platform with multi-currency support and built-in indicators. NinjaScript automates your trading strategy and is fully customizable. This trading platform comes with an integrated simulator that allows you to run historical back tests of your strategies. A lot of websites, forums, and technical support are available to help you with this platform.
It’s less popular but is slowly gaining interest due to the fact it was built in JAVA. Also included are a charting indicator, multiple currency trading and programming Protrader to automate strategies. The application is fully supported on web, mobile and desktop.
In house develop software
Forex Broker provide many platforms for software development in-house. Their own software development and enhancement team is in place. They are designed for full operation via Web and desktop. However, most of the in-house trading software doesn’t come with programming language. This is a major disadvantage compared with MT4, NinjaTrader, and Tradestation.