How to trade on MetaTrader 4 with an OANDA account Trading Knowledge

Since its launch in 2006, AvaTrade has won a string of awards, including Most Trusted Broker in the 2023 International Investor awards(1). Discover the difference between our account types and the range of benefits, including institution-grade execution. A script is a program intended for a single execution of an action.The start event is the only event type processed by the script.

Get started with the OANDA app

When you open an AvaTrade MetaTrader 4 account you’ll be able to trade wherever and whenever you want. Since the company was founded in 2006, the AvaTrade agenda has always been to provide the smoothest, most enjoyable experience for retail traders.AvaTrade offer more than 200 financial products, a range of trading platforms and tools, and the best news and analysis. Leveraged trading in foreign currency contracts or other off-exchange westernfx review products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.

Get started from a low $100 deposit, or deposit upwards of $1,000 for a dedicated account manager who can provide personalised advice. This article is for general information purposes only, not to be considered a recommendation or financial advice. It is not investment advice or a solution to buy or sell instruments. We’ve teamed up with Nick Syiek, A.K.A. TraderNick, and created a step-by-step guide introducing you to trading on MetaTrader 4 with OANDA. Nick highlights how to connect the two platforms and some of the powerful tools available to OANDA users.

Platforms

  • AvaTrade accepts all Expert Advisors, except that which focus on arbitrage.
  • One of the standout benefits of using MT4 with OANDA is access to the MT4 Premium Upgrade, which means you get 28 additional MT4 indicators and trading tools, completely free.
  • We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.
  • Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and is not suitable for everyone.

Each symbol can be displayed in 9 timeframes — from one minute (M1) up to a monthly one (MN).You can simultaneously open an unlimited number of charts, customize their appearance and apply various graphical objects and indicators to them.All charts are interactive, and you can zoom and scroll through them with real time blackbull markets review markets quotes. AvaTrader’s MT4 download for PC is compatible with the Windows 7, 8 and 10 operating systems. You’ll need at least 512 MB of RAM (1 GB is recommended) and clock speeds in excess of 2.0 GHz to get the most out of the platform.

Trading Knowledge

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and is not suitable for everyone. Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation.

  • Floating spreads are typically very tight, which means on average you pay less on every Forex or CFD trade you make.
  • OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf.
  • Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone.
  • It is not investment advice or a solution to buy or sell instruments.
  • It’s compatible with all major browsers and requires no download to your device.

Start trading directly on MetaTrader 4 with an OANDA account

For example, it could alert you to excessive risk taking, remind you to set a stop-loss or draw your attention to margin call alerts. You could think of it as a second pair of eyes, that’s on your side. Guardian Angel is free, optional to use and only available through AvaTrader’s MT4 platform. Choose your preferred operating system to go straight to AvaTrade’s MT4 download page. You’ll need to open a real account and select MetaTrader 4 as your platform.

With these features the Metatrader 4 is really enough for forex tradingMetaTrader4’s server-based platform is fully customizable and allows you to trade Forex, Commodities, Shares and more on a single screen. One of the standout benefits of using MT4 with OANDA is access to the MT4 Premium Upgrade, which means you get 28 additional MT4 indicators and trading tools, completely free. Meet Cole, a forex trading expert and passionate finance enthusiast. As the Editor-in-Chief at Forex.eu.com, he ensures that every review and guide is meticulously crafted and top-notch. His leadership and dedication bring you unparalleled insights and the best forex content available. When you trade using an AvaTrade MT4 Floating Spread account, the spread you pay is always based on the best Bid/Ask available on the interbank market at the moment you place your order.

Learn the basics of how to get started with MetaTrader 4 with your OANDA account, as well as how to download the premium package of great indicators and expert advisors to your MetaTrader. AvaTrade accepts all Expert Advisors, except that which focus on arbitrage. Arbitrage is the process whereby speculators aim to profit from pricing inefficiencies across markets. In the context of crypto-currencies for example, an arbitrage trading strategy would entail buying Bitcoin on one exchange where it is priced low, and selling it almost instantly on another exchange, where it trades higher. If you own a MacBook, you’ll need to use AvaTrade’s browser-based MetaTrader 4 implementation. It’s compatible with all major browsers and requires no download to your device.

Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations. AvaTrade’s MT4 platform allows you to trade CFDs on 55 currency pairs, stock indices, individual stocks, government bonds, commodities and even crypto-currencies (depending on your country). Execute your trades directly from the charts with the one-click trading. AvaTrade supports Expert Advisors (EAs), westernfx powerful programmes that run inside MetaTrader 4, and allow automated trading strategies.

Floating spreads are typically very tight, which means on average you pay less on every Forex or CFD trade you make. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person. AvaTrade is an established broker, trusted by over 300,000 traders.

AvaTrade MT4 for Mac supports over 250 instruments, the full range of order types (including pending orders and trailing stops), as well as multiple charting options. It also allows all Expert Advisors (except EAs with a focus on arbitrage). In addition, there is an opportunity to create ‘include files’ (#include). MetaTrader4 trading platform with the peerless range of financial instruments and customer service offered by AvaTrade. Last but not least, AvaTrade’s MT4 platform comes with Guardian Angel, a free MT4 plugin created by AvaTrade. Guardian Angel offers risk management advice that’s tailored to you, at the time you need it most.