Part 1 Meta Trader 4 Show – What is Meta Trader 4

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Download MetaTrader 4

You can download MT4 directly from IG, and the steps to do so are explained below. With IG, MT4 can be downloaded using several web browsers, including Internet Explorer, Google Chrome and Mozilla Firefox. Regardless of which browser you use, you should follow the steps below to download MT4 with IG.

Call +61 (3) 9860 1799 or email [email protected] to talk about opening a trading account. We’re here 24 hours a day, from 4am Saturday to 10pm Friday (BST).

How to download MT4

Downloading MetaTrader 4 from IG is simple. Here’s a step-by-step guide explaining how.

  • For a demo MT4 account, visit our MT4 demo account creation page

2. Once you have an account, visit your My IG dashboard

3. Click on ‘add an account’ at the bottom right of the screen

4. Select an MT4 CFD account

5. Follow the on-screen prompts to complete the download process.

If you have trouble logging in, check our MT4 help and support area.

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How to install MT4 on Windows

Once you’ve started the download process, the steps to install MT4 are different depending on which device you wish to install MT4 on. Here’s how to install MT4 on a Windows device:

1. Create a trading account with your preferred provider

2. Follow this link to download MT4

3. Click on the ‘IG setup’ window in the bottom left of your screen

4. Select ‘run’ and follow the instructions in the install wizard popup

How to install MT4 on Mac

MT4 has been designed to be used on a PC. This is because it uses a .NET framework, which is not supported on Mac. With that being said, there are methods that you can use to launch MT4 on a Mac, such as using a VPS or third-party software available directly from the MetaTrader 4 website.

Before going ahead and installing MT4 on a Mac, you should research your chosen method carefully. This is because the process may be unstable and could cause damage to your computer. Please remember that non-official websites which promise to show you how to install MT4 on a Mac could be infected with malware.

How to install MT4 on mobile

Follow the step-by-step tutorials below and learn how to install the MT4 mobile app on your iOS or Android device.

How to download MT4 for iOS

MT4 can be used on your handheld iOS devices. MetaTrader 4 for iOS can be used on your iPhone, iPad, or iPod Touch. To run the MT4 app on one of these devices, the device must be updated to iOS 4.0 or later.

  1. Visit the app store
  2. Type in ‘MetaTrader 4’
  3. Select the MetaTrader 4 app
  4. Click ‘get’
  5. Open the MT4 app on your iOS device and sign in with your IG account

How to install MT4 for Android

MT4 for Android requires your device, whether that be a phone or tablet, to be powered by Android OS 2.1 or higher.

  1. Visit the Google Play app store
  2. Type in ‘MetaTrader 4’
  3. Select the MetaTrader 4 app
  4. Click ‘install’
  5. Open the MT4 app on your Android device and sign in with your IG account

What are the MT4 system requirements?

There are some system requirements for using the MT4 platform. Below you’ll find a table with the minimum and recommended system requirements to install and run MT4 on your computer.

MT4 Minimum requirements Recommended requirements
Operating system Windows server 2020 RS Standard x64 Windows server 2020 standard x64
CPU Intel i7 4xxx series quad-core or higher Intel Xeon E3, E5 series quad-core or higher
RAM 8GB 16 GB
HDD RAID-1 array with 2×1 TB SATA HDDS RAID-1 array with two 480GB SSDs
Monitor resolution 1280×800 1280×800 or more
Network 100 Mbit/s Ethernet with 10Mbit/s bandwidth 100 Mbit/s Ethernet with 50Mbit/s bandwidth

How do I update MT4?

MT4 updates automatically from within the terminal. The update system is always enabled, and it cannot be disabled, which means that you are always using the newest version of MT4.

For more information about MT4, visit our page on what MT4 is and how you use it – as well as the range of MetaTrader 4 indicators and add-ons you get for free when you download MT4 from IG.

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The risks of loss from investing in CFDs can be substantial and the value of your investments may fluctuate. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how this product works, and whether you can afford to take the high risk of losing your money.

CFD Accounts provided by IG International Limited. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority and is registered in Bermuda under No. 54814.

The information on this site is not directed at residents of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives services from other members of the IG Group including IG Markets Limited.

MetaTrader 4 for PC

MetaTrader 4 for Windows is the one of the best solutions among the trading platforms on Forex. The application is based on the modern analytical and trade technologies, as well as it overwhelms plenty of additional services. Everything for successful trade on Forex is now collected in one amazing app! Download free MT4 for PC and obtain your best trading experience!

The powerful system is designed to perform both simple and complex orders and strategies.

Free MetaTrader 4 for Windows is an app that is already used by thousands of traders worldwide!

MetaTrader 4 for Windows can boast a wide range of features:

  1. Trading system of MT 4 allows users to:
    • Establish 3 different modes of performance
    • Set two market orders
    • Launch up to four pending orders
    • Use 2 stop orders and trailing stop anytime
  2. Analytics is one of the strongest features of free MetaTrader 4 for Windows. Its number of functions can easily marvel even those traders, who have been working with currency exchange markets for years:
    • Numerous interactive graphics to demonstrate all the needed factors in dynamics
    • 9 different time frames to use plenty of time periods and compare the changes effectively
    • 23 terrific analytical objects for any purposes
    • 30 simple and complex technical indicators for every need
  3. Trading notifications and copying deals. Waiting for the deal of high importance? Missing the deal? No way! Download free MT4 for PC and the application will do all the work for you! Set up the notifications to the necessary event or subscribe to other traders and copy their deals automatically!
  4. MetaTrader Market is an easy way to find the newest technical indicators and trading robots for any purpose. Just launch MetaTrader 4 on your Windows system and have a free access to millions of useful tools.
  5. Algorithmic Trading. Are you tired? Want to have a vacation? A useful trading robot is ready to help! Delegate your functions to MetaTrader robot and it will have a full control on your analytics and trade. It’s time to try modern technologies and have plenty of free time! Not to mention, it’s still free.
  6. News and Alerts. Subscribe to news and set up the alerts to stay in touch with all the changes in the trading industry!

Join MetaTrader community and download free MT4 for PC here

Market Watch

The securities (symbols) for which the Client Terminal gets quotes from the server are listed in the “Market Watch” window.

The data are represented in this window as a table having several fields. The “Symbol” field contains the security name, the fields of “Bid”, “Ask”, and “Time” show the corresponding prices and time of their income from the server. Values of the “Maximum” and “Minimum” fields are calculated on basis of price changes within a day. The “Market Watch” window can be opened/closed by pressing of accelerating keys of Ctrl+M, by the “View – Market Watch” menu command, or by pressing of the button of the “Standard” toolbar.

This window allows to place market and pending orders and open new charts. At the right mouse button click in the “Market Watch” window, the context menu will appear where the following commands are available:

  • New Order – open the “New Order” window where one can prepare and place a market or a pending order for the symbol selected. At the order preparation, one can specify the Stop Loss and Take Profit levels. More details can be found in the “Positions Opening” section.
    The “New Order” window can also be opened by double clicking on the security name in the “Market Watch” window, by the “Tools – New Order” menu command, by the “Terminal – Trade – New Order” window context menu command, the button of the “Standard” toolbar, or by pressing of F9;
  • Chart Window – open the chart of the symbol selected. More details about working with chart windows are given in the section of the same name.
    The symbol chart can also be opened by the “File – New Chart” and “Window – New Window” menu commands and by pressing of the button of the “Standard” toolbar;
  • Tick Chart – open the tick chart of the symbol selected. Unlike normal charts, the tick chart is located directly in the “Market Watch” window. The tick chart of the selected symbol can also be viewed by switching to the tab of the same name in the same window. The tick data comes only when the account is connected. Thus, if an account was not active for a certain period of time, the tick chart may appear empty in the beginning. The tick data is stored separately for each server;
  • Depth Of Market – open the depth of market of the symbol selected;
  • Specification – open symbol parameters;
  • Hide – delete (hide) the symbol from the list. To minimize the traffic, it is recommended to hide unused securities from the quotes window by this command or by pressing of the Delete button.

Attention: If there are open positions or pending orders for the symbol, or its chart is open, the symbol cannot be deleted.

  • Hide All – delete all symbols from the list. This command does not apply to securities for which there are open positions or the charts of which were opened in the current working session;
  • Show All – show the list of all available securities. After this command has been executed, quotes will income for all these symbols;
  • Symbols – call the window of the same name where there is a list of all available symbols. Symbols are grouped in the window according to their types. The “Show Symbol” command allows to add necessary symbols to the quotes window, and that of “Hide Symbol” – to delete a symbol from it. The “Properties” window command allows to view the symbol parameters;
  • Sets – open the sub-menu that manages the symbol sets. The current set of symbols can be stored in this sub-menu, as well as delete or select an already existing one. This is very comfortable when working with securities of different types;
  • Spread – show/hide column that displays spread – the difference between the bid and ask prices;
  • High/Low – add the highest and the lowest values of the daily price to the quotes displayed;
  • Time – show time of incoming quotes;
  • Auto Arrange – automatic arranging of columns when changing the window size.
    Auto Arrange can also be enabled by pressing A button;
  • Grid – show/hide the grid separating columns.
    The grid can also be shown by pressing G button;
  • Popup Prices – open an additional quotes window. You can also open this window by pressing F10 on your keyboard. The list of symbols in this window is the same as that in the “Market Watch” window at the moment of the command execution. This means that changes in the symbol list in the “Market Watch” window does not influence that in the “Popup Prices”. It is an information window, but trading operations can also be performed from it. To do so, one has to double-click with the left mouse button on the desired security. In the context menu of this window, there are commands allowing to set up data displaying parameters, enable the full screen mode, or locate the window over all others.

Contract Specification #

The symbol contract specification window contains the terms of a symbol trading. To view the symbol properties, click “Specification” in its context menu in the “Market Watch” window.

The window displays the following parameters set by a broker:

  • Spread – spread in points. If the spread is floating, the parameter is equal to 0.
  • Digits – number of decimal places in the price of the symbol;
  • Stops level – channel of prices (in points) from the current price, inside which one cannot place Stop Loss, Take Profit and pending orders. When placing an order inside the channel, the server will return the “Invalid Stops” message and will not accept the order;
  • Freeze Level – level for freezing orders that are close to the current price. When an order price is as close to the market price as the value specified here or less than that, modification, deletion or closing of the corresponding position or order is prohibited;
  • Contract size – number of units of the commodity, currency or financial asset in one lot;
  • Margin currency – currency in which the margin requirements are calculated;
  • Profit calculation mode – Forex, Contracts or Futures;
  • Margin calculation mode – Forex, Contracts, Futures; Contracts Index, Contracts Leverage;
  • Margin hedge – margin charged from hedged orders for 1 lot;
  • Margin percentage – determines what part of the base margin size value calculated according to the symbol type is charged;
  • Trade – permission to trade with this instrument: “Full access” allows to close and open positions; “Close only” allows only closing; “Disabled” – full prohibit to trade;
  • Execution – execution type of the symbol: Instant, Request or Market;
  • GTC mode – expiration mode of orders:
  • Pendings are good till cancel – pending orders are preserved as a trade day changes;
  • Good till today including SL/TP – orders that are valid only during one trading day. With the end of the day, all levels of Stop Loss and Take Profit, as well as pending orders are deleted.
  • Good till today excluding SL/TP – when a trade day changes, only pending orders are deleted, Stop Loss and Take Profit levels are preserved.
  • Minimal volume – minimal volume of a deal for the symbol;
  • Maximal volume – maximal volume of a deal for the symbol;
  • Volume step – step of volume changes.
  • Swap type – type of swap calculation:
  • in points – the specified number of points of the security price.
  • in the base currency – the specified amount in the base currency of the symbol.
  • in percentage terms – as a percentage per annum. The percentage is taken from the position price (per 1 lot) and divided by 360, since the swap is calculated daily;
  • in the margin currency – the specified amount in the symbol margin currency.
  • Swap long – swap for Buy positions.
  • Swap short – swap for Sell positions;
  • 3-days swaps – the day of triple swap charge;
  • First trade – a day of beginning of symbol trading;
  • Last trade – a day of end of symbol trading.

The lower part shows information about quoting and trading sessions of the symbol. Sessions are specified for every day of week.

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