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MetaTrader 4 Automated Trading - How it Works & Best Provider

Our Guide to MetaTrader 4

Last Updated on 20/11/2023

Automated trading platforms are helping traders, new and advanced, navigate through the financial markets more efficiently. This review looks at how reliable MetaTrader 4 automated trading is when focusing on forex trading.

Our team at of financial experts and trading connoisseurs researched some key points to consider before using an automated trading service. We want you to have a general understanding of this aspect of the forex market and what makes MetaTrader 4 an ideal platform to use, whether you are a beginner to forex or an experienced trader.

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Forex Market – what is forex trading?

A Beginners Guide

Forex or FX is a marketplace that is used for trading international currencies globally. It is known to be the largest and most liquid financial marketplace because of its worldwide reach. A lot of these trades exist so companies or individuals can trade one currency for another. If a business orders something from the US, they might want to trade their currency to USD to purchase the merchandise, for example.

Currencies are listed as exchange rate pairs and trade against each other, for example, EUR/USD, where the Euro is represented as EUR versus the US dollar as USD. The price associated with the pair shows how much USD it costs to buy one EUR. The value is currently 1.17 USD to buy 1 EUR. The value is volatile as news and other sources of information can affect the forex market and the price of these currency pairs.

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How to Get Started

Forex trading requires you to invest time and dedication so that you fully understand what you’re doing before trading. At, we make it a priority to help users develop this understanding of what to look out for before trading with our incredible amount of resource online tutorials to get you ahead of the game.

Choose a broker

Once you feel confident enough, we recommend setting up an account with a reliable broker that ensures the security of your funds and puts your trading development first. For beginners, it’s a good idea to start with a small investment and work your way as and when you start to see returns. We recommend a trading strategy to increase your chance of generating profit. Forex trading is a high-leverage environment, so risk-taking is a part of it. Once you’ve chosen a strategy that works for you, you may not always get it right, but following the guidelines and market movements will help you spot the trends and familiarity that can lead to returns.

Automated trading – is it important?

Automated trading is a popular algorithm computer-based approach to forex trading. It analyses the market for price patterns that have been set in the algorithm and then decides if the user should buy or sell and execute their trade. A successful automated trading service will show by the performance and reliability of the algorithm and platform.

As the forex market is high leverage trading and extremely liquid, manual trading has become outdated, and computer-based alternatives are the way forward. The technology has only recently become available to retail traders, and despite how complex it is, automated trading is a valuable move for traders and great for advanced technical analysis.

Trading Platforms

A wide range of online trading platforms specialises in automated trading, allowing users to build automated traders, also known as Expert Advisors (EAs), based on the rules set in the technical analysis to look out for. This review will focus on MetaTrader 4 (MT4), but there are other platforms like the updated version of MetaTrader 5 (MT5) and TradeStation. The automated trading MT4 is a widely common choice from traders as it has years of reliability to back it up as a helpful platform.

Automated Trading Software

An automated trading system will create the trading signals and execute the trades. These systems are known as trading robots but allow humans to intervene with the algorithm when thinking about risk management, such as the trading volume, profits and stop-losses. Automated trading has been developed over the years and is proven to work.

We looked at various online forex trading platforms that create their own forex signals through the MetaTrader 4 automated trading system. It encourages users to benefit from our highly advanced software. Most platforms also offer a demo account for all clients to test the automated service for themselves. We recommend using brokers with a similar demo feature to make sure they support your trading style without risking real money first.

MetaTrader 4 – worth the hype?

MetaTrader 4 (MT4) is an electronic trading platform developed in 2005. It is software designed through algorithmic trading to provide clients and brokers with live financial charts, indicators and other helpful trading resources. It is widely available on most online trading platforms, including AtoZ Markets, because of its functionality and security for users worldwide.

In this review, we found that MetaTrader 4 automated trading is a free product designed to help beginners get started in the financial market and skilled traders who want more advanced guidelines to maximise returns. It is also available to download for free on Apple and Android devices. This is an attractive feature because many traders don’t want to be tied down to their computers but rather trade and monitor the financial market on the go.

Diversify your portfolio

The MetaTrader 4 automated trading system is known to work well with forex and other financial instruments. These include CFDs, cryptocurrencies, commodities, futures, and indices. It is a great way to diversify your portfolio as automated trading allows users to dip their toes into different markets and trial their trading strategies on different assets. It works well with highly volatile markets like forex and cryptocurrencies because they are high risk, and you have a higher chance of maximising returns.

Benefits of using MetaTrader 4

MetaTrader 4 automated trading has several benefits as to why it’s so popular. We included a few significant reasons below.


We have mentioned in this review that MT4 is great for beginner traders, and it’s something the platform prioritises to allow traders at different levels to make the most of it. The platform design is easy to navigate, so the client’s understanding develops quicker. It has many profit-making opportunities despite the advanced features. New users can take advantage of resources like charting tools and real-time market news.

Fast execution

MT4 gives its users access to market prices in real-time. It allows traders to make quick decisions if they need to execute the trade and buy or sell their position. This fast response allows traders to take advantage of the highly liquid financial markets and increase the chances of generating returns. The automated trading mt4 makes it more efficient for traders as they don’t have to search the market for the right signals already provided on the platform through the Expert Advisors (EAs).

Mobile Apps available

The MetaTrader 4 automated trading platform is free to download on Apple and Android mobile devices. From there, you can create a demo account or log in to an existing account with a broker of your choice. It’s ideal for traders who aren’t always on their computers and want to trade on the go. The mobile interface is similar to the website design, offering both simple and advanced quotes, charts and reports to monitor any financial changes.

Streamline Experience

The platform is known to work efficiently, even during high volume trading hours. It is ideal if the market is very busy though you shouldn’t worry about any lags or delays, the advanced technology used in the MT4 system was designed to prevent this. You can also trade multiple orders at once, which suggests the MetaTrader 4 automated platform is highly flexible and encourages diversifying portfolios.

Disadvantages of MetaTrader 4

With the benefits, there are also some disadvantages of using an automated trading mt4. We included a few key downfalls in our review below.

Network Issues

For MetaTrader 4 automated trading to be successful for all users, the server has to be running 24/7. It could potentially result in system crashes or disruptions for traders, specifically at busy times. MT4 does manage this well, but there is always a risk that the platform may not support or manage a heavy load of traders. In addition, there have been incidents where users were not happy with the time it took to load the screen, which goes against the real-time execution claim.

Not the latest version

The new and improved version of MetaTrader 4 came in 2010 as MetaTrader 5. Although MT4 is still more widely used, MT5 does have a lot to offer. It’s targeted towards more advanced traders who use more technical indicators, graphical objects, chart tools and timeframes to improve their trading experience. MT5 is considered a multi-asset platform, whereas MetaTrader 4 automated trading is suited to forex traders.

Forex Trading Bias

Users on MT4 are most likely there to trade and monitor the forex market. Although you can look at other assets, the design is suited for forex, which can be a disadvantage for users who want the same tools and resources suited for other financial markets. The bias can cause users to try other platforms like MT5 or NinjaTrader 8 that focus on more sophisticated strategies that you can transfer onto different assets.

MT4 is complex

Understanding the MetaTrader 4 automated trading system requires intensive knowledge, technology and time. If you want to program your own algorithm to work with MT4, you will need to have an in-depth amount of computer-based programming knowledge. Although its interface is simple to use for forex traders new and experienced, to get the most out of the platform, you’ll be required to understand how the MetaTrader 4 automated trading works at a more mathematical level.

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Risks of automated trading

When it comes to trading in the forex market, risks are part of the experience. In terms of using the MetaTrader 4 automated trading, there generally shouldn’t be many as it is computer-based, so the work is done for you. However, at, we looked at some key aspects you should consider.

Choosing the wrong broker

We encourage you to take your time when looking to find the best suited online broker. Many platforms claim to be the best but don’t live up to that, so you’ll need your judgement to make the right decision. If not, you could be wasting your money on a product that does the opposite of what it’s supposed to, and you could risk losing money.

Algorithm faults

Although MT4 has been around for several years, there is still a risk that it could be victim to programming faults. It could occur if a new feature is being updated or developed and something went wrong. It is less likely to occur as MetaTrader 4 automated trading is constantly finding ways to advance their systems to prevent this, but it isn’t impossible.


It is not uncommon for online trading platforms, including MetaTrader 4 automated trading, to be targeted by hacks. Forex trading can be quite lucrative if you’ve dedicated the time and effort to develop your trading techniques and use reliable tools too. But, hacking and scams can still be a problem. An example of human error if your login password is quite weak or you’ve been targeted through phishing emails. It is up to you to make sure you’re doing all you can on your end to make the experience as safe for you as possible.

Conclusion – is MT4 a good forex trading decision?

Overall, we think the MetaTrader 4 automated trading platform is a good choice for forex traders. It is popular with many online brokers because of its ease of use and functionality during highly volatile moments in the market.

Despite the possibility that the platform might freeze because the server has to be running 24/7, it comes out as a top automated trading choice even in peak trading times. We recommend giving MetaTrader 4 a try, ideally through a reliable broker like AtoZ Markets that ensures the safety of your funds and the security of your personal information.

MetaTrader 4 Automated Trading – FAQ 

❔Is MetaTrader 4 good for beginner traders?

If you’re new to trading, it’s important to find a broker that’s best suited for you and your needs. At, we looked at platforms like AtoZ Markets, which support users from different skill levels and help develop their trading technique with the MetaTrader 4 automated trading platform. MetaTrader 4 or MT4 has a simple to use interface that doesn’t overload the computer. It is also available on the go to download on both Android and Apple devices. It is user-friendly to learn more about your preferred financial market quite efficiently with fewer risks. 

🔒Is MetaTrader 4 a reliable platform?

MetaTrader 4 or MT4 is a popular trading platform used by many online brokers. It allows users to invest and trade, providing advice and resources on trading techniques and market analysis. MetaTrader 4 automated trading is a go-to method to support traders who need charting tools and advanced services. It is a classic platform with years of experience for its customers who are used to its streamlined design. It focuses on prioritising the security and safety of clients’ funds as they develop their trading skills on the platform.

✨How does automated trading work?

MT4 or MetaTrader 4 automated trading is one of the many ways users can make the most out of their trading experience. Our review focused on the most important ways MT4 can impact traders, specifically those who need some extra help to develop their skills and trading strategies. Unlike manual trading, automated focuses on less time-consuming methods for the client, so if they don’t have spare time to monitor their chosen asset, they needn’t worry about it.

👀What can I trade on MetaTrader 4?

If you’re new to trading and the financial markets in general, we recommend looking through our MetaTrader 4 automated trading review at It aims to help you understand the importance of the platform. MT4 has built-in indicators and a range of technical analyses to offer traders. It is the most preferred platform by successful traders because it allows you to diversify your portfolio and transfer your trading skills onto other assets. 

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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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