How Does the 24option MT4 Platform Work

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How Does the 24option MT4 Platform Work?

So you are in the market for an all-in-one forex trading platform that will put all of your tools in one central location.

But where can you find something like that?

Well, guess what, MetaTrader has just created a platform that will change that way you trade on a day to day basis.

We’ve already told you how you should change your binary strategy for the better. Now by introducing this new innovative program, you will be able to keep organized and your eye on the prize better than before.

But first, make sure you take the time to install it on your computer. Do this before you read on. It’s okay. We can wait!

It’s okay. We can wait!

Now that that’s out of the way…

Come along as we take you through some of the features of the new 24option MT4 Platform that will make your life a little easier.

MT4’s Navigation Window

Once you open the new 24option MT4 you notice how much simpler the new navigation window and home page are.

You will see 4 windows that contain 4 default currency pairings already set.

Towards the left-hand side of the page, you will see a window titled “Market Watch” that will show you live updates from different currency pairings.

Another great feature on the home page is the window below the “Market Watch” window titled the “Navigator Window,” which allows you to create your own custom program.

Pretty cool, right?

MT4’s Morte Customizable Charts and Settings

This is probably the biggest reason to download this new program.

With its easily customizable charts and extremely changeable settings, you will never look back to a time when you were not using the 24option MT4.

All it takes is knowing how to use a right-click and how to scroll to the option that you want.

Don’t you wish all things were as easy as that?

Well, you could go back to setting up your old plans with the old tried and true methods. But, we all know this is the better option.

MT4’s New Templates

So you know all of that work you just did to set up all of your charts and their settings?

Well, fear not. Because those aren’t going anywhere.

With this new 24option MT4 system you can save all of the preferred settings as templates that you can revisit the next time you log back into the program.

No more writing down your magic settings in a notebook to refer to every time you log in to trade in the morning.

It will all be saved for you for whenever you are ready to use it!

No more wasting valuable time. You can get to work right away with all of your savable templates just a click away.

MT4’s Easy Drawing Tools

Now sit back, this a really cool feature included with the 24option MT4 system.

With this system, they offer an easy to use a drawing tool that will help you to draw your own lines on charts so you can make your own predictions in your own windows.

It’s like using a dry erase board or well … Microsoft Paint to play around in the program so you can keep your thoughts and the hard data in the same place.

Or you know, you can just use it as a fun little interactive toy for when you are just watching your tickers update in real time.

I’m not trying to promote that per say, but who doesn’t like to goof around from time to time?

MT4’s Custom Time Frames

A great new feature with the 24option MT4 system is that you can set your own time frames for when you want to check back in on certain trades.

There is a toolbar on the upper right hand of the screen where you can set the timer by the minute, the hour of even the day.

Now you won’t have to worry about checking back in on your own personal calendar to see when you should check back in on a specific stock.

The system will do it all for you!

MT4’s Live Connection Tracker

I’m sure you’ve had this problem before.

You are spending an exorbitant amount of time staring at a live feed of a trading ticker only to see it not moving from where it is.

You get tired and frustrated of waiting for it to change only to find out that your connection has been lost!

Well, now you won’t have to worry about losing connection any longer.

The 24option MT4 system provides you with a live connection tracker that will tell you the exact bit rate of your connection or will tell you if you have lost connection altogether.

No more getting bloodshot eyes from staring at a stagnant screen.

You will always know if you are up to date on the market as it changes from minute to minute.

And Voila! Now You Know the In’s and Out’s of the 24option MT4 Platform by MetaTrader.

Now you can keep organized while making the most informed and thought out forex trades possible.

The good people at MetaTrader are looking out for you!

It all seems pretty simple, right?

You’re probably thinking to yourself: “How was I ever forex trading before using the 24option MT4?”

Well, we don’t really know either.

It is pretty clear that this new system is the way of the future, so why not give it a spin to see what all of the fuss is about?

24Option – Review

What is it 24Option?

Its doors opened to the public in 2020 and has construct a reputation as one of the most trusted online brokerage companies globally. The broker, as its name implies, was at the forefront of choices trading however in 2020, moved away to offering forexcurrency cryptocurrency and CFDs trading. But its history stood this good stead; digital options are known for their ease, also 24Option has been able to make CFDs and place foreign exchange investing in a trouble-free, exciting and straightforward encounter for both the new and seasoned traders. With advanced and innovative trading platforms in addition to broad customer support and regimented banking systems, 24Option has surpassed the currency and CFDs scene and is definitely worth some trader’s interest.

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    1. 24Optionoffers two trading platforms: its own proprietary trading platform and MetaTrader 4.
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    How to connect and trade with a broker through metatrader 4 (MT4)

    During my research about binary options, the possibilities and platforms (which could help you making a good b
    inary option (BO) deal), I wanted to try out how to connect a binary option broker to the MT4 platform.
    In this case, I could trade in the MT4 platform with a broker (demo) account.

    Up to now, I only can add forex brokers to MT4.
    Is there a possibility how to connect a binary option (demo) account to MT4.

    Because I’m still in the try-out phase, it doesn’t matter which binary option demo-account I choose.

    I hope you can help me?

    Comments

    Thanks for your reply!
    Strange. How does it come that the market values are different on MT4 and a broker at a certain time? I suppose they both try to calculate the “real” market value at the moment?

    Does all BO and Forex brokers have different values compared to MT4?

    Thanks for your reply!
    Strange. How does it come that the market values are different on MT4 and a broker at a certain time? I suppose they both try to calculate the “real” market value at the moment?

    Does all BO and Forex brokers have different values compared to MT4?

    Everyone has pretty much a different quotation yes. It depends where they receive the data from. However, it’s not a problem at all to trade with slightly different prices. I think around 1-1.5 pips is okay. The results will be the same anyway.
    For example:
    Your MT4 shows 1.40000
    Broker shows: 1.40010
    That’s a one pip difference! So: If your MT4 reaches your support at 1.40000 then
    your broker is most likely at 1.40010 which is the same support on their chart so if you execute the trade then
    and it moves up by three pips, it will be the same difference anyway:
    1.40030 on the MT4 and 1.40040 on your broker.
    You will notice this once you open and compare your charts to the broker and get used to it.

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    If you have too big difference then better change the Forex broker on your MT4 to one with a less difference.

    How can i add a broker to MT4? If i give the name of the broker, then MT4 can’t find the broker.
    For instance IQ option does not work. Even if i inserted 24option by “open an account” in MT4. MT4 does not recognise the broker.
    How could i solve this?

    How can i add a broker to MT4? If i give the name of the broker, then MT4 can’t find the broker.
    For instance IQ option does not work. Even if i inserted 24option by “open an account” in MT4. MT4 does not recognise the broker.
    How could i solve this?

    Ok, I understand.
    I knew that MT4 is software to analyse the data. I also thought you could do trades within MT4 (only when you’ve connected a broker to MT4).
    I did not knew that that is only possible with Forex brokers.

    Do you know if there is a similar analyzing program, like MT4, for BO brokers.
    In which I can analyse the data, program my strategy and (auto)trade in that platform (when my program with statistical data (indicators) says it is adviseable)?

    Ok, I understand.
    I knew that MT4 is software to analyse the data. I also thought you could do trades within MT4 (only when you’ve connected a broker to MT4).
    I did not knew that that is only possible with Forex brokers.

    Do you know if there is a similar analyzing program, like MT4, for BO brokers.
    In which I can analyse the data, program my strategy and (auto)trade in that platform (when my program with statistical data (indicators) says it is adviseable)?

    There are some custom made programs but they surely don’t work on just ANY broker but the ones they are programmed to work on.
    There are also some brokers that already do provide this service to their customers.

    I also have to tell you that autotraders will not make you profit. You can program it as much as you like and spend years on it and it will still fail.
    So many before you have tried. You will make it and backtest it and it will look good, but once you go live it will not make it.
    These things constantly need tweaking and updating and it’s more work than you realize right now. Trust me, the number of times I have heard people telling me they are going to create an autotrader and it’s “soon done”. A year later they are still struggling with it and a year after that they realize it was a waste of time.

    Anyway, up to you. By the way, most brokers will shut your account if they notice you have connected an autotrader.
    This is why they only allow autotraders they are affiliated with that are guaranteed to make clients lose money.

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