8. Roboforex MT4: Guide

ByCaesar Hours

Why Roboforex?

Roboforex is an international brokerage company that has been providing online trading services on financial markets since 2009. The company offers its clients access to trading through the MetaTrader 4 platform, providing favorable trading conditions, low spreads, fast order execution and a variety of tools for market analysis. The main advantages of Roboforex include:

  • Low spreads. This allows traders to minimize transaction costs.
  • Fast order execution. This is important for getting the best prices and minimizing risks.
  • Variety of instruments. Roboforex offers a wide range of trading instruments including currency pairs, stocks, indices and commodities.

What is MetaTrader 4?

MetaTrader 4 (MT4) is a popular trading platform used by traders around the world to trade financial markets such as currencies, stocks, commodities and indices. The platform was developed by MetaQuotes Software and released in 2005. MT4 is known for its functionality, user-friendly interface and extensive capabilities for market analysis and automated trading. In this article, we will take a detailed look at how to use MetaTrader 4 with Roboforex broker.

The main advantages of MetaTrader 4

  • MT4 offers an intuitive and customizable program interface. Traders can customize charts, toolbars and windows to create a comfortable workspace that suits their trading style.
  • Wide range of analysis tools. The platform provides more than 30 built-in indicators and tools for analyzing charts, such as trend lines, channels, Fibonacci and others. Users can add third-party indicators and strategies.
  • Automated trading. MT4 supports the use of trading robots (Expert Advisors, EA). These programs allow you to automate trading strategies by executing trades based on predefined algorithms. This is especially useful for those who want to trade around the clock or use complex strategies that are difficult to implement manually.
  • Mobile applications. MetaTrader 4 is available not only for desktop computers, but also for iOS and Android mobile devices. This allows traders to stay in touch with the market and manage their trades anytime and anywhere using a smartphone or tablet.
  • Security. MT4 provides a high level of security to protect traders’ data. The platform uses data encryption and two-factor authentication to prevent unauthorized access to trading accounts and information.
8. Roboforex MT4

How do I Get Started with Roboforex MT4?

Here are the instructions on how to work with Roboforex MT4:

First of all, you need to register on the Roboforex website. The registration process is simple and includes the following steps:

  1. Go to the official Roboforex website and click on the “Register” button.
  2. Fill out the registration form with your personal details such as name, email address and phone number.
  3. Create a password to access your account.
  4. Confirm your registration by clicking the link sent to your email.
  • Downloading MetaTrader 4

After registering and opening an account, you need to download and install MetaTrader 4. To do this:

  1.    Go to the “Trading Platforms” section of the Roboforex website.
  2.    Select MetaTrader 4 and click on the “Download” button.
  3.    Download the installation file and run it.
  4.    Follow the installer’s instructions to complete the installation process.

MT4 is available for Windows and MacOS operating systems, as well as for iOS and Android mobile devices.

After installing MetaTrader 4, launch the program and follow the steps below to log in to your trading account:

  •  Open MT4 and select File > Login to Trading Account.
  •  Enter your trading account number, password and server (these details can be found in your Roboforex personal cabinet).
  • Click “Ok” to log in to your account.

After successful login, you will be able to manage your funds and perform trading operations.

8. Roboforex MT4
  • Workspace setup

Setting up your workspace in MT4 allows you to optimize the trading process to suit your needs. Here are some recommendations:

  • Customize the charts by selecting the chart type (candlestick, line or bar), timeframe (from 1 minute to 1 month) and adding the necessary indicators.
  • Add the toolbars you use most often, for example, the “Chart Tools” panel for drawing trend lines and channels.
  • Split windows for simultaneous observation of several charts or tools. You can use the Window > Mosaic feature to automatically organize windows.
  • Opening the first trade

To open your first trade in MetaTrader 4, follow the steps below:

  1. Select the desired financial instrument in the “Market Watch” window.
  2. Open a new order by clicking on the “New Order” button or using the F9 key combination.
  3. In the “Order” window, select the order type (market or pending), specify the transaction volume (lot) and, if necessary, set Stop Loss and Take Profit.
  4. Click “Sell at market” or “Buy at market” to execute the trade.

After that, your trade will appear in the “Terminal” window in the “Trade” section, where you can monitor its status and results.

Conclusion

MetaTrader 4 combined with Roboforex provides traders with a powerful tool for successful trading on financial markets. Regardless of your level of experience, MT4 will offer you a wide range of options for analyzing, automating and executing trades. Start your trading journey with Roboforex and MetaTrader 4 and you will discover the many advantages of this platform.

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