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Position Sizer
Calculate risk-based position size directly in your MetaTrader platform and execute a trade in one click or a press of a button.What Is Forex
Learn what Forex is and how it works from this simple explanation.Supertrend
Download the Supertrend indicator for MT4 and MT5 to detect trend changes based on the price action.Position Size Calculator
Calculate your position size based on risk, stop-loss, account size, and the currencies involved. A simple online calculator for quick results.MT4 Indicators
MetaTrader 4 is a popular trading platform that supports custom indicators. You will find free custom MT4 indicators listed here.
You can freely download MT4 Forex indicators from this page. You can attach any of the listed indicators to your MT4 platform in order to improve your FX trading performance. You can either develop your own Forex strategy using these indicators or you can simply follow them for trading signals. Feel free to combine any of the offered indicators into a custom MetaTrader expert advisor. You can modify the code of the presented indicators to customize them in accordance with your requirements. You will need a trading account with some of the MT4 brokers to use these indicators.
Even though MT4 is a very old piece of software, there are certain advantages of using MT4 indicators:
- Compatible with hundreds of brokers that offer the MetaTrader 4 platform.
- A large code base and simple coding language (MQL4) allow for easier modification and customization of these open-source indicators.
- MT4 indicators are very fast and normally don't hinder your computer's performance much. They also don't require a powerful VPS to run.
- It is easy to backtest an MT4 indicator to see how it works and whether it repaints or not.
