MetaTrader 4 Installation
MetaTrader 4 is a trading platform enables you to process your trades and technically analyze the market in real time with a build-in language (MQL4) for programming your indicators and expert advisors.
These are some of MetaTrader features:
- Operating with different financial markets
instruments (FOREX, Futures, CFD); - Unlimited charts quantity;
- Supports of various timeframes;
- Large number of Indicators, Experts and Scripts
shipped with; - Friendly user’s interface with Multilanguage support;
- Confidentiality of operations (128 bit encoding is
used); - Internal e-mail;
- Real-time data transferring via DDE;
- Getting on-line news from financial markets;
- Build-in programming language enables you to write/edit your own custom indicatos, expert advisors and scripts.
These are the steps you have to take to setup MetaTrader 4:
1- Downloading MetaTrader 4:
If you didn't download the MetaTrader 4 program yet it's the time to get your free version by going to: http://www.metaquotes.net/downloads and choose to download the last version of MetaTrader 4 Client Terminal (Current version is 4.00 Build 190).
Get a cup of tea if you have a slow internet connection or a cup of water if you have a DSL while the downloading process (Figure 1).
2- Installing MetaTrader 4:
When the download completed double click the setup program (mt4setup.exe) and you will get a screen like this:
Figure 2 - Choose the language
You can choose the language you prefer for the MetaTrader used interface. Then Click Next button to go to the second step:
The setup program of MetaTrader showing you the End user license agreement and ask you to select the option "Yes, I agree with all the terms of this license agreement" before continuing the installation of the program. Please check the option box and click Next button:
Here you can change the destination folder where the MetaTrader will be installed or leave the default folder "C:\Program Files\MetaTrader 4".
You can have more than one copy of MetaTrader installed in your machine but each of them has to be installed in a different folder.
Choose the folder you want and click Next to continue:
You can here change the name and the palce which will appear in your Windows Programs Menu.
Keep the default name (or change it if you want) and click Next button:
"Are you ready to install MetaTrader 4?" The setup program asks.
If you want to change the destination folder you have specified click Back button and if you are ready to install MetaTrader click Next button:
The setup program now is extracting the packaged files and copying them in the MetaTrader installation folder. You can click Cancel button anytime to cancel the process. Be patient and wait the setup program to copy the files and you will automatically go to the next step:
Congratulations! You have installed the MetaTrader successfully and ready to launch it.
Click Finish button to start MetaTrading.
3- Creating a demo account:
The first time you launch MetaTrader 4 you will get a form like this:
Creating demo accont form
one) and check "I agree to subscribe to your newsletters" option then click
Next button:
Choose the Trading server you want to join it from the above list.
Click Scan button
to check the speed of each server before choosing one of them and choose the
fast one or choose your prefered one (if you heard about) and click Next
button:
wait a few seconds then you get your account details, Keep them in a safe place
because you'll need them (Login and Password) to login to your demo account.
Click Finish button to log to your account and start trading.
4- Logging to your demo account:
If you are a lucky person like me, you will log to your
account without errors and you will get something like that:
have installed MetaTrader and have a demo account. Enjoy trading!