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 LunarCapital 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. It is worth noting that when you select a specific instrument, only those accounts that have open positions for this instrument will be automatically displayed. The trading software provides access to a number of expert advisors that can be useful for novice traders who make their first steps in auto trading.
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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. To activate an EA on a specific price chart, first enable the “Auto Trading” function on the toolbar.
There are several ways to open a trade in MetaTrader 4, you can place an order even directly from the chart with 1 click. Forex trading platforms are designed with user-friendliness in mind. Aiding in risk mitigation are mechanisms like stop-loss and take-profit orders, designed to optimize the sought-after profit margins. Additionally, mastery of trading is underpinned by delving into both fundamental and technical analyses. This video will provide you with step-by-step instructions on how to download, install the MetaTrader trading platform and connect it to your trading account.
Differences between the MT4 Demo Account and a Live MT4 Account
- Each connected account with open counter positions is displayed in a table line.
- To delete a pending order, use the corresponding tab “Delete order”.
- It is worth noting that when you select a specific instrument, only those accounts that have open positions for this instrument will be automatically displayed.
- If you don’t want to close a counter position for a particular account, uncheck the box with this account.
The LunarCapital 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. 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.
You can not only download your own advisors into the platform but also create your own trading robots. After downloading LunarCapital MT4, you’ll automatically gain access to Autochartist. This powerful pattern recognition tool continually scans the markets, aiming to identify trading opportunities using support and resistance levels. Working tirelessly, Autochartist swiftly notifies users about new trading prospects. 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.
When you download MT4 from LunarCapital, the MACD and Moving Average EAs are already installed. Apart from the provided plugins and indicators, you can also acquire additional plugins, and if you’re tech-savvy, you can even create your own. The new platform has addressed the limitations of MT4 and introduced various new features and interfaces. One noticeable change is its interface, which includes expanded menus.
In case of any disputes or issues, you can request 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. By continuing to browse this website, you agree to our Cookie policy.
- The platform was developed using the MQL programming language, which is popular among experts and runs smoothly even on computers with limited resources.
- Using the indicators and applying them to charts, a trader can easily detect trends, determine volumes, spot various technical figures and much more.
- You can find EAs under the “Navigator” tab in the upper-left corner of the screen.
- In case of any disputes or issues, you can request your transaction records to protect your rights.
- 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.
When you download LunarCapital MT4, you’ll receive a collection of free indicators. MetaTrader 4 indicators are powerful technical analysis tools. They allow you to identify market trends and reversal points, as well as track historical highs and lows of a selected instrument. These indicators enhance your trading experience by offering valuable insights into your trading activities.
Trading Functions
You can then drag and drop the desired indicator onto the price chart. 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. LunarCapital is a global online broker, offering its services since 2007.
Some users find these menus more user-friendly and intuitive, while others consider them to be overly extensive. One of its notable features is its easy installation and user-friendly design. The platform was developed using the MQL programming language, which is popular among experts and runs smoothly even on computers with limited resources. You can not only make notes on the chart but also place elements and figures, making the market picture more comprehendible.
How to download, install MetaTrader and connect to your account
This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. The MetaTrader 4 platform is thought out right down to the smallest detail. 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. 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.
MetaTrader 4 MultiTerminal is a new component of MetaTrader 4 Online Trading Platform, designed specifically for simultaneous management of multiple accounts. It’s an effective tool both for professional asset managers and for independent traders working with several accounts simultaneously. LunarCapital is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LunarCapital’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. 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 many trading platforms available on the market, but we’ll talk about the most popular one – MetaTrader4. 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.
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Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets. In addition to the free indicators provided by LunarCapital, users also have access to the top 12 MT4 plugins. These plugins allow you to customize the MT4 platform according to your specific trading needs. Switching between various accounts in MT5 has been made smoother and faster.
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.
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 https://lunarcapital.net/ 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. To access complementary LunarCapital’ indicators and plugins, you need to have an LunarCapital MT4 account.