The digital sophistication of Forex trading platforms has continued to grow in leaps and bounds. With more seasoned traders across the financial markets seeking new features and improved functionality to give them an edge to beat the odds. Brokers and trading platforms have responded by offering technical and analytical tools necessary to monitor the markets and execute multiple trades in real time.
In this article, we will discuss all that you need to know about the new improved MetaTrader 4 Supreme Edition plugin (MT4 SE).
What is the MetaTrader 4 Supreme Edition (MT4 SE) Plugin?
Over the last decade, MetaTrader has established its status as a prominent electronic trading platform that is used by online Forex & CFD traders.
The platform first hit the market with the original MT4 which was released back in 2005. Followed later by the release of MetaTrader 5 in 2010. The MT5 however, proved to be less popular, as MT4 retained its status as the platform of choice among professional traders until recently, with the release of the MetaTrader 4 Supreme Edition plug-in.
The MetaTrader 4 Supreme Edition is one of the most powerful plug-ins for flawless forex trading.
It was developed to enhance the existing offerings on the original MT4 platform. Albeit, with new improved features that are most certainly going to give online traders significant advantages as they execute their trades.
How MetaTrader 4 Helps Traders
The trading platform generally provides technical analysis tools such as live streaming of prices and charts, as well as an order placement portal.
Advantages of trading with Supreme Edition of MetaTrader 4
MT4 Supreme Edition plug-in comes with over 60 new features that were previously unavailable on the standard MT platforms. These new functionalities are poised to make the trading experience more efficient and seamless for all traders. Examples of these new features include the following:
For Forex Professionals
The trade terminal feature MT4 provides an efficient way for traders to manage all their trading accounts and orders simultaneously. This effectively allows traders to place multiple instrument orders all at once.
Stop Loss Calculator
The MT4 plugin gives professional traders access to sophisticated trade calculators that they can use to calculate stop-losses in real time. Most professional traders use a percentage stop to calculate their stop loss limits.
A trading tool helps beginners and less sophisticated traders to open trades and manage their positions, with one-click trade management with the following functionalities:
– The Reverse option to close a trade and instantly open the same position in the opposite direction.
– Close all tools helps traders close all positions that are in the red, close all winners or simply close out all pen positions with a single click of a button.
– Hedge option gives traders the option to instantly execute an order of identical volume on the opposite position of the market, without closing out the current one.
The MT4 SE all contains a large collection of valuable tools in the indicator package which designed to help beginner traders to perform the following functions;
– Candle Countdown
– Order History
– Pivot Points
– Chart Grouping
– Renko Chart
– Day Session
– Freehand Drawing
With the sophisticated technical analysis tools, live price charts, and order placement portals that the new MetaTrader 4 Supreme Edition Plugin, traders now have a higher chance to make unprecedented levels of profits. While MT5 drew criticism for focusing more on the needs of professional traders, the MT4SE is well adapted to beginner traders as well. It is no surprise that it has quickly gained worldwide prominence in so little time.