Rakuten Securities Australia Offers the Meta Trader 4 Trading Platform
The flexibility and sophistication of a trading platform can make a difference to your bottom line. You want to make sure that you are using a trading software that allows you to analyse the capital markets and execute trades seamlessly. One of the most widely used and most popular trading platform is Meta Trader 4 (MT4).
Rakuten Securities Australia provides a currency trading service through the MetaTrader platform. In addition to executing and managing trades, MT4 allows you analyse price action with a plethora of charts and technical analysis tools. MT4 is avery flexible system that allows you to customise your trading environment.
What is the MT4 Advantage
AdvantageMT4 provides clients with an expert advisor (EA) which is a computer program that automatically executes trades. The software was developed by MetaQuotes, using a programming language called MQL4. The program works on the popular MetaTrader 4 platform which was developed to trade currencies.
An expert advisor is software that is used to alert a trader that a specific criterion has been met. When this occurs, a trading signal is generated. In addition, an expert advisor can manage all aspects of your trading. It can generate a signal and send orders directly to a server where the order is filled by a broker.
The system can automatically adjust to take profit and stop loss levels, completely handling risk management. Rakuten Securities Australia offer access to the MQL4 Language through a MetaEditor. The analytics also include a strategy tester, and an extensive library of pre-programed analytics.
What is a Strategy Tester?
Strategy testing is the process of determining whether a strategy has worked in the past using historical data. Rakuten Securities Australia provides a MetaTrader 4, back-testing module where you can use historical data to perform a strategy test. All the technical indicators that are available with the MetaTrader 4 platform can be programmed into an expert advisor, once a back-test has been performed. In addition, you can customize all of these indicators using the MQL4 programming language.
Rakuten Securities Australia offers several features through the MT4 which is considered one of the best trading platforms. This includes instant execution into a deep pool of Japanese retail FX liquidity, 4-pending orders and 2-different stop order in conjunction with trailing stop orders.
Types of Platforms
Rakuten Securities Australia offers 2-different trading platforms through MT4. This includes both a downloadable trading platform and a mobile trading platform. The mobile platform supports both Android and iOS. The mobile platform profits a wide variety of features including charting using technical analysis tools.