Can I use TradingView with MT4?
Traders can simply use both MT4 and TradingView together. They could simply do their charting work on TradingView and then place trades over on MT4. In fact, it is one of the most common ways people trade nowadays.
Tradingview supports integration with dozens of brokers globally across stocks, options, forex and crypto. Popular US stock brokers like Etrade, Interactive Brokers and TD Ameritrade are supported. For forex, brokers such as Oanda, FXCM and IG Markets allow you to trade currency pairs directly on Tradingview.
Renowned industry favorite, TradingView, provides intuitive advanced charts for the FOREX.com suite of platforms including web and mobile.
Conclusion: Embracing the Right Trading Platform
MT4 is a reliable and user-friendly platform for beginners and experienced traders, while TradingView is a powerful tool for technical analysis and social trading enthusiasts.
Open MetaEditor in MT4:Open MetaTrader 4 and go to the "Tools" menu. Select "MetaQuotes Language Editor" to open the MetaEditor where you'll write the indicator code. Create a New Indicator:In MetaEditor, click on "New" to create a new file.
To connect TradingView with MetaTrader, you'll want a TradingView account that's connected to a broker that supports the integration. Check the set of supported brokers on the TradingView website, and open an account with an appropriate broker in the event that you haven't already.
- Saxo - Best web-based trading platform.
- Interactive Brokers - Great overall, best for professionals.
- FOREX.com - Excellent all-round offering.
- City Index - Excellent all-round offering.
- FXCM - Excellent trading platforms and tools.
- Capital.com - Great for beginners, easy to use.
Visit TradingView.com and create a TradingView login with the service level that best suits your needs. A free version is available. After you have logged into TradingView, go to Products, Supercharts, Trading Panel, and select Connect under FOREX.com.
- IC Markets - Best overall for MetaTrader.
- FP Markets - Full MetaTrader suite, competitive pricing.
- Pepperstone - MetaTrader suite with add-ons.
- FXCM- MetaTrader suite, great research.
- CMC Markets - MetaTrader suite, excellent pricing.
Professional traders visit forums like TradingView. They use these online spaces to talk about trading strategies, share ideas, and learn from others. On these platforms, traders of all levels, including experts, come together to chat and learn.
Why do people use MT4 instead of TradingView?
If you are a forex or CFD trader who wants a powerful platform with a wide range of features and customization options, then MT4 is a good choice. If you are a trader who wants a platform that is easy to use and has a wide range of markets and instruments available, then TradingView is a good choice.
MetaTrader also offers a range of charting tools, but some traders may find the interface to be less intuitive than TradingView. Another area where TradingView excels is in its social features. Traders can share their charts and analysis with other users, as well as follow other traders to get insights and ideas.
Flexible trading system: The MT4 platform offers a high level of flexibility as it can be tailored to the specific needs of each trader. Regardless of whether you are just starting your trading journey or have several years of trading experience, the ability to customize MT4 makes the platform a convenient option.
Setting Up Your TradingView Account
The Chart tab is where you'll spend time analyzing price charts from global markets. The Pine Editor is where we'll code the indicator script. With your account created and the platform explored, you now have everything needed to start coding a custom indicator.
You can copy trades from Tradingview as long as they are MT4/5 accounts. We believe pending orders are not being opened on the MT4/5 terminals when being made from Tradingview, which results in them not appearing on our system until the order has been filled.
TradingView vs MetaTrader chart comparison
Both platforms grant direct access to financial markets through a forex broker and provide advanced trading tools. TradingView is a powerful charting platform and social network for traders. MetaTrader 4 has a strong algorithmic trading focus with reliable execution.
Go to the OANDA broker profile on TradingView and click 'Trade' or open the chart, then click on the 'trading panel' tab and select OANDA from the list of brokers.
On TradingView you can trade CFDs, forex, stocks and Crypto FX. Click on the relevant icon below to see full pricing information and trading conditions.
In fact, Dhan is the only broker in India that allows you to place orders from the Trading Panel on TradingView. Follows the steps below to get started: - Open a Dhan Demat Account.
- TopstepFX.
- The5%ers.
- FTMO.
- Maverick Trading.
- Blue Point Trading.
- OneUp Trader.
- City Traders Imperium.
- Earn2Trade.
Which forex broker is best?
- Best Forex Brokers.
- CMC Markets: Best Overall and Best for Range of Offerings.
- London Capital Group (LCG): Best for Beginners.
- Saxo Capital Markets: Best for Advanced Traders.
- XTB Online Trading: Best for Low Costs.
- IG: Best for U.S. Traders.
- Pepperstone: Best for Trading Experience.
- Frequently Asked Questions.
So, the quick answer is yes, you do need a broker for MT4. If you are not ready to register with a broker and trade with real funds, you can go straight ahead and download the MT4 platform directly from the MetaQuotes website. You can then use the free demo account to practice trading with virtual funds.
MT4 is the better bet if you are certain you will only be trading forex and CFDs, and you want to keep things very simple. It is a simpler platform and easier to get to grips with. If you trade stocks or more than one asset class, MT5 is definitely the right platform for you.
Can multiple brokers be traded on simultaneously if they all use the MT4 platform? Yes, it is possible to trade with multiple brokers simultaneously on the MT4 (MetaTrader 4) platform. MT4 allows traders to open multiple trading accounts with different brokers and switch between them within the platform.
You'll Need To Have 2 Platforms At All Times
TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself.
