These indicators enhance your trading experience by offering valuable insights into your trading activities. Although demo and live accounts share technical similarities, the difference in mindset when using each is significant. Decision-making, especially related to opening or closing positions, becomes more complex when real money is at risk. The Lunar Capital MetaTrader 4 demo account replicates the real MT4 platform, including four trading windows and a choice of over 80 markets. Select the trading instrument for which you want to close the position and click the corresponding “Close” button.

Thanks to the notification system, the trader does not need to wait for the price to reach the desired level, the platform will notify him at once. There are several ways to open a trade in MetaTrader 4, you can place an order even directly from the chart with 1 click. Lunar Capital is a global online broker, offering its services since 2007. Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets. Forex trading platforms are designed with user-friendliness in mind.

In the “Modify order” tab you can adjust all or several orders placed for one or several accounts. If only some of positions or orders should be modified, these particular positions or orders should be checked. Pending orders for all or some of the managed accounts can be placed in this tab. All open positions and pending orders are displayed in the “Orders” tab. All trading operations data is displayed as a table with fields.

  • Then, drag the EA from the Navigator window and drop it onto an open price chart.
  • To get started, you need to connect MultiTerminal to the server – go to “Tools-Options” and select one of the available servers from the list in the “Server” tab.
  • There are several ways to open a trade in MetaTrader 4, you can place an order even directly from the chart with 1 click.
  • Working tirelessly, Autochartist swiftly notifies users about new trading prospects.
  • While both platforms are useful for experienced traders and beginners, the differences between them can significantly affect your choice.
  • In case of any disputes or issues, you can request your transaction records to protect your rights.

The Fears And Doubts That Traders Sink Into When Playing On The Market

It seems like the developers didn’t miss a thing and managed to create a masterpiece that makes the lives of thousands of traders so much easier. To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar. Then, drag the EA from the Navigator window and drop it onto an open price chart. You’ll know the EA is active when you see a smiley face icon in the upper-right corner of the price chart where the EA is applied.

The Lunar Capital MT4 demo account provides access to a wide range of markets and allows you to try out trading strategies risk-free. Additionally, this account offers the same selection of free plugins and indicators as a live account. There are many trading platforms available on the market, but we’ll talk about the most popular one – MetaTrader4. Once you install MetaTrader 4, you’ll have your own special username and password to use. To understand how the platform works, it’s a good idea to take online courses and self-study trading theory. Practicing on a demo account, mirroring a real account but with virtual funds, allows traders to gain trading experience without risking their own money.

Enhancing Your Trading Experience with Lunar Capital Indicators and Plugins

To access indicators and plugins on the MT4 platform, go to the “Navigator” window in the top-left corner of the screen and open the “Indicators” folder. You can then drag and drop the desired indicator onto the price chart. Switching between various accounts in MT5 has been made smoother and faster. This seamless transition makes it easy to apply different trading strategies across multiple accounts. MT5 offers an increased variety of indicators compared to MT4, including new analytical and graphical elements.

What is MetaTrader 4?

  • Decision-making, especially related to opening or closing positions, becomes more complex when real money is at risk.
  • Once it’s installed, log in using your account number and the password provided by your broker in a registration email.
  • Each connected account with open counter positions is displayed in a table line.
  • To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar.
  • Lunar Capital is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.

To delete a pending order, use the corresponding tab “Delete order”. In this tab, you can delete all or some orders for all or some of the managed accounts. + 5 types of trade volume distribution among accounts when placing a new order. The platform allows trading with several accounts at the same time without switching them.

Differences between the MT4 Demo Account and a Live MT4 Account

An opposite position in relation to the given position is a counter position for the same instrument. If there is one or more counter positions among open positions, the selected position can be closed by the counter one. In this tab, one can close a position by a counter position for all or selected accounts. Each connected account with open counter positions is displayed in a table line. If you don’t want to close a counter position for a particular account, uncheck the box with this account. To close a position, select it from the account’s popup positions list, then check a counter position in the list of opposite positions and press “Close”.

Salient Attributes of the MT4 Demo Account

The new terminal successfully combines great functionality, which allows effective handling of multiple accounts, with exceptional usability. The interface is similar to that of the MetaTrader 4 Client Terminal. It is very user-friendly, any traders already using the MetaTrader 4 Client Terminal can easily familiarize themselves with this new program within a few minutes. In addition to the free indicators provided by Lunar Capital, users also have access to the top 12 MT4 plugins.

Novice traders are advised to study MetaTrader4 and get familiarized with its functions using a demo account. This way, you’ll be able to get a hold of the platform and its functionality, gain experience in analysis and in trading. MetaTrader 4 software will help you analyze the market from different angles. MT4 offers more than 50 different technical indicators for accurate and precise technical analysis. Using the indicators and applying them to charts, a trader can easily detect trends, determine volumes, spot various technical figures and much more.

Multiple close of several counter positions allows simultaneous closing of more than two counter positions for one instrument. Several counter positions can be closed using the “Multiple Close By” tab. Counter positions for all or some of the managed accounts can be closed using this tab. Every connected account that has open counter positions and every open position are displayed in table lines. If there is no need to close positions for an account, this account line must be unchecked in the table. To close counter positions for a particular instrument, press “Multiple Close By” button.

Expert Advisors (EAs/trading robots) are essential if you seek to automate your trading. You can find EAs under the “Navigator” tab in the upper-left corner of the screen. When you download MT4 from Lunar Capital, the MACD and Moving Average EAs are already installed.

However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete. Both platforms continue to serve different purposes and cater to different user preferences. The opportunities in the Forex market are unlimited and available to everyone.

Achieving your goals requires smart money management and skillful trading decisions. In case of any disputes or issues, you can request https://lunarcapital.net/ your transaction records to protect your rights. To get started, you need to connect MultiTerminal to the server – go to “Tools-Options” and select one of the available servers from the list in the “Server” tab.

Once it’s installed, log in using your account number and the password provided by your broker in a registration email. To do this, click on the “Login to Trade Account” tab and choose the broker’s registered server as a designated server. The MetaTrader 4 interface comprises an array of functional windows. The investment instruments tab, for instance, showcases assets earmarked for buying and selling. MetaTrader 4, developed by MetaQuotes Software Corporation, is favored among numerous Forex brokerage firms. Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders.