Ask our MT4 expert: IGs 'Head of Integrated Trading Platforms'
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How the "Ask our expert" Community posts work
For this IG Community feature we wanted to offer all clients, new or old, the opportunity to ask any MT4 questions directly to Tim Plummer, our ‘Head of Integrated Trading Platforms’. Please leave any query you may have in the comments below and Tim will be able to reply directly.
This feature will be available on IG Community between the 18th – 29th September and throughout the trading week we’ll aim to get all questions answered within 24 hours. After the two week period has finished the thread will remain available, however regular mods and other Community members will reply to any questions. I have also included a few FAQ and information pointers at the bottom which may help if you are a newer client to IG. If you would like more information regarding MT4 and trading with IG on leverage, please visit the appropriate links. If you don't have an IG account, please visit IG.com
All trading involves risk. Losses can exceed deposits.
Trading Cryptocurrencies on MT4
MetaTrader4, also known as MT4, is a popular trading platform which is most commonly associated with Forex trading. You can use MT4 software to integrate with IG, and deal on leveraged FX as well as a few additional markets such as major indices, gold and silver, and also US and UK oil. We have recently added Cryptocurrencies such as Bitcoin and Ether to the MT4 software to further extend our offering.
Tim has a very in depth working knowledge of MT4 and was a driving force behind the addition of Bitcoin and Ether to the platform. In his own words:
“We are pleased to announce that we have launched Crytocurrencies on MT4.
This opens up the horizons for many traders that want to take advantage of this new and cutting edge market without the necessity of using exchange wallets. With MT4 you not only get to use a wealth of technical indicators to help build your strategy, but you can also build or buy algorithms to help execute your strategy. With IG’s MT4 you get access to institutional grade liquidity and pricing while being safe in the knowledge that you are with a broker you can trust that has been in the industry for over 40 years.
You can also use the IG MT4 apps to really get the most out of Meta Trader. You can use the alarm manager to help strengthen your risk management, the trade terminal to manage multiple positions as well as your account and the Mini Terminal for you to be able to manage trades quickly and efficiently.
As we said earlier, MT4 has the ability for you to automate your trades so that you can capitalise on market shocks and react to the major moves without being at your PC using Expert Advisors (also known as EA’s).
If you currently trade MT4 elsewhere we invite you to put us to the test.”
If you already have MT4 downloaded you will need to make sure you make these new markets visible. Simply right click in the Market Watch area and select ‘show all’. You will then see the BTC and ETH pairs. If you are having any issues, please let us know in the comments below.
An introduction to MT4
If you have a live IG account you can add MT4 via My IG, which will set up your new sub account and provide you a download link. If you already have an MT4 account with IG but would like to download the software again, you can do so here. Alternatively you can visit the Meta Trader 4 website directly, and then use the IG server information to connect to IG.
There are a couple of methods for trading; either you can download the software and deal in real time, or set up an automated trading system which you can code yourself or load from third party providers. Further to this there are a couple of other important functions of MT4:
MT4 is only available for Windows and there are no plans to release this to Mac OS. There are both Apple iOS and Android applications which can be downloaded from the relevant online store. If you have a mobile app you’ll need to create an account via the desktop computer, receive your login details, and then switch over to the app where you can find IG’s server by typing in IG-Live.
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