Accounts created for MetaTrader 4 are only compatible with MT4, and accounts created for MetaTrader 5 are only compatible with MT5. It is not possible to use an MT4 account on the MT5 platform or vice versa. Traders who wish to use both platforms must open separate Lime Fx accounts and install both terminals on their PC or mobile devices. After downloading Lime Fx MT4, you’ll automatically gain access to Autochartist.
How to download, install MetaTrader and connect to your account
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. An opposite position in relation to the given position is a counter position for the same instrument.
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. MetaTrader 4 and MetaTrader 5 are leading platforms for trading in the global Forex market. While both platforms are useful for experienced traders and beginners, the differences between them can significantly affect your choice.
What is an MT4 demo account and how to use it?
You can then drag and drop the desired indicator onto the price chart. In addition to the free indicators provided by Lime Fx, 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. When you download Lime Fx MT4, you’ll receive a collection of free indicators. MetaTrader 4 indicators are powerful technical analysis tools.
Trading platforms MetaTrader 4 and MetaTrader 5
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. However, the introduction of MT5 doesn’t mean that its predecessor, MetaTrader 4, became obsolete.
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”. 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 limefx official site account, mirroring a real account but with virtual funds, allows traders to gain trading experience without risking their own money.
Next, choose the installation directory for the program and follow the wizard’s instructions. Once the installation is complete, the terminal will launch automatically. By continuing to browse this website, you agree to our Cookie policy. It offers a perfect combination of convenience and functionality.
- + 5 types of trade volume distribution among accounts when placing a new order.
- If only some of positions or orders should be modified, these particular positions or orders should be checked.
- Each connected account with open counter positions is displayed in a table line.
- This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts.
- Traders who wish to use both platforms must open separate Lime Fx accounts and install both terminals on their PC or mobile devices.
You can find EAs under the “Navigator” tab in the upper-left corner of the screen. When you download MT4 from Lime Fx, the MACD and Moving Average EAs are already installed. 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. 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.
Lime Fx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for limefx website up to €20,000 per claim. 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.
- If there is one or more counter positions among open positions, the selected position can be closed by the counter one.
- In addition to the free indicators provided by Lime Fx, users also have access to the top 12 MT4 plugins.
- The MetaTrader 4 interface comprises an array of functional windows.
- These features are exclusive to the desktop version and are not available on mobile or web platforms.
- Several counter positions can be closed using the “Multiple Close By” tab.
- These plugins allow you to customize the MT4 platform according to your specific trading needs.
To access complementary Lime Fx’ indicators and plugins, you need to have an Lime Fx MT4 account. 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.
Both platforms continue to serve different purposes and cater to different user preferences. 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. In case of any disputes or issues, you can request your transaction records to protect your rights.
However, if this option is disabled, all data related to previously used accounts and saved passwords will be deleted the next time the terminal is restarted. 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. Each MetaTrader 4 indicator and plugin has a distinct purpose, working together to create a cohesive toolkit that helps you execute optimal trading strategies. MetaTrader 5 introduces enhancements for both automated and market orders. It supports the execution of 2 market orders, 6 pending orders, and 2 stop orders. Furthermore, the MetaTrader 5 platform comes with an integrated economic calendar.
Although its more advanced counterpart, MetaTrader 5, has emerged, it has yet to gain widespread adoption among traders. 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. The interests of Lime Fx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. If the Save account information option is enabled, the terminal will automatically log in to the last used account upon the next launch. Similarly, the Keep personal settings and data at startup option ensures the same behavior.
