In this post I will be reviewing the MT4 Chart Trader which as the name suggests is a forex trading tool for use in the popular and widely used MetaTrader 4 (MT4) trading platform which is free to download from some of the best forex brokers throughout the world. I would always use an ECN forex broker for the best possible trading conditions including low spreads, low commissions and minimal slippage due to the vast amount of liquidity providers (LP’s) they have.
MT4 Chart Trader Features
The purpose of the MT4 Chart Trader tool is to allow you to open, close and hedge trades at the click of a button. This can save valuable time when placing trades which can take up to 3 additional steps in MT4 without using MT4 Chart Trader.
With MT4 Chart Trader you can increase your chances of entering at the current prices with minimal delay which is especially important if you are a forex scalping trader as the extra time placing the trades manually through MT4 can make the difference between a winning and losing trade!
You can also configure MT4 Chart Trader to set your stop loss and take profit for you again saving you more time and making your trading through MT4 more efficient.
MT4 Chart Trader Summary
Overall, MT4 Chart Trader is an extremely useful tool for manual forex traders and I cannot see why someone would not want to speed up the placing of their trades.
MT4 Chart Trader makes trading in MT4 more convenient and is a very easy tool to use.
This review is short because MT4 Chart Trader does exactly what it says on the tin – if it is of use for you, then you would know that already!