Exness MT4 Review - How to Download and Set Up?

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Exness MT4 is a widely recognized and trusted trading platform among traders, known for its reliability and extensive features.

If you’re looking to get started trading Forex and other financial markets, you need a good broker. Exness is a premier broker that offers a powerful trading platform, easy withdrawals, low fees, and plenty of instruments to trade. In this article, we’ll look at how to set up MetaTrader 4 with Exness.

Exness MT4 Review

Exness uses the incredibly robust and popular MetaTrader trading platform. Exness offers both MetaTrader 4 and MetaTrader 5: both are quite similar, but MetaTrader 4 remains more popular in the trading community.

It’s also available for a wide variety of platforms: Windows, Mac, Linux, Android, and iOS. This means you can place a trade on your computer and manage it on your mobile, so you can stay connected even if you’re away from your desk.

MetaTrader 4 is a popular choice for traders thanks to it’s robust trading features:

Customizable charts


Variety of order execution


Plenty of stock indicators


Massive library of community indicators and strategies


Security


Exness MT4 Advantages

Customizable charts

Exness MT4 lets you display price charts in a variety of ways. You can choose to display just a single chart on the whole screen, or you can stack chart windows to compare price action from one timeframe to another.

You’re also able to customize the color of the charts to whatever suits your fancy. Every single element can be changed from the bar, the border, the price line, the background, and the grid.

You can view the data as candlesticks, line charts, bar charts, or Heikin Ashi charts. No matter what your strategy is, you’ll be able to customize MT4 to suit your preferences.

Variety of order execution

Exness MT4 lets you set a variety of order types to fit with your strategy. Along with market execution, you can place buy stop, sell stop, buy limit, sell limit, buy stop limit, and sell stop limit orders.

You can also place orders directly from the charts and drag the order line up and down to set your stop loss and take profit levels.

Plenty of stock indicators

MT4 comes with an impressive library of stock indicators to set up your charts with whatever strategy you trade with.

Whether you prefer moving averages, RSI, MACD, Ichimoku, Bollinger Bands, or something totally different, you can set up your charts the way you like.

Massive library of external indicators and strategies

The true power of Exness’ MT4 platform is the ability to program your own indicators and strategies or import external indicators and strategies.

These are available online: some are free and some are paid, and you can use a really customized strategy to stay profitable in your trading career.

Automated trading strategies are called Expert Advisors, and these can be programmed to automatically enter and exit trades based on specific rules. This way, you’re always in the market, even if you’re not physically at the computer.

How to Download Exness MT4 for Free?

Downloading Exness MT4 is free and you can get started with a demo account to begin trading right away.

Head over to Exness’ MT4 page and choose whichever platform you need: Windows, Android, Linux, or iOS. You can also use MT4 Web without downloading anything.

MT4 Mobile

MT4 Mobile is a really powerful trading platform but has certain limitations. You can still view charts, add indicators and drawings, as well as manage trades.

Some people are really used to the smaller screen and are able to do all their analysis on mobile.

This is fine if your strategy does not involve custom indicators and expert advisors. However, if you rely on those, you’ll need to use MT4 Desktop as it has the most features.

You can still keep MT4 mobile on your phone and use it to manage trades on the go.

MT4 Web

MT4 Web has the same limitations as MT4 mobile when compared to the desktop version, but the added advantage is you can view the data on a larger screen and it is accessible from anywhere as long as you have your username and password.

The connection is secure and you can place all types of orders, draw on the charts, as well as choose from 30 indicators to help you with your technical analysis.

MT4 Desktop

The most robust trading solution from Exness is MT4 Desktop. This is a fully native app that runs on your Windows or Linux PC and has all the features of the Web platform as well as the ability to add your own indicators and Expert Advisors.

You can also customize the chart colors to a greater degree.

How to Set Up MT4 From Exness?

Head over to Exness’ MT4 page and download the software. Once the file has been downloaded, double-click to open the file and follow the steps to complete the installation.

You’ll then be prompted to login or open a demo account. If you already have live credentials, you can use those to log in. Otherwise, you can follow the wizard and set up your demo account.

MT4 has a weird quirk where it may not show you all the available instruments at the start.

If you are unable to see a window at the right of your screen which has a list of instruments and their prices, go to the View menu at the top and click Market Watch.

Now head to the new window that has opened on the side, right-click anywhere inside it, and select Show All.

Photo: MT4 Platform

Photo: MT4 Platform

Now, when you open a new chart, you’ll be able to see all the instruments that are available for trading.

Go to File => New Chart and select any pair that you wish to pull up a chart for.

The default charts are quite ugly, so you may want to customize them. To do so, right-click anywhere on the chart, and select Properties. This will bring up a window that lets you choose colors.

There are a few key properties that you need to look at: Background, Foreground, Bar Up, Bar Down, Bull candle, and Bear Candle.

Make sure the background and foreground are two opposite colors like white and black.

Bar up and Bar down are the outlines of the candles. Choose any color you want.

Bull candle and Bear candle denotes the fill color of the candles. Choose any colors you want.

Hit Ok and the chart colors will change.

Now you can right click again, go to Templates => Save As New, and give the template a name.

Whenever you open a new chart, you can just right-click, go to Templates, and choose the template you saved to instantly change the chart colors to your preferred settings.

Photo: MT4 Platform

Photo: MT4 Platform

Now you’re ready to start trading!

You can view different timeframes by clicking the M1, M5, M15. M30, H1, H4, D1, W1, and M1 buttons.

M stands for minute or month, H stands for hour, D stands for day, and W stands for week.

Exness Passive income options

Exness has a robust Social Trading Platform where you can piggyback on the trades of experienced, successful traders and simply copy their trades.

The Social Trading app is different from MetaTrader 4. Once you download the app and make your deposit, you can filter and choose a strategy that you like and set up copy trading.

This is a great way to make some passive income and harness the collective mindset of the best traders on the platform.

FAQs

Does Exness Use MT4?

Yes! If you sign up with Exness, you’ll be able to trade on the MT4 platform.

How long does Exness withdrawal take?

Exness withdrawals are usually completed within 24 hours.

Where is Exness located?

Exness is headquartered in Cyprus.

Can you get rich by trading Forex?

Forex is a high-risk venture, but if you have a good strategy and manage your risk, you can get rich from trading Forex.

Team that worked on the article

Chinmay Soni
Contributor

Chinmay is a certified Investment Analyst and Portfolio Manager by the National Stock Exchange (NSE) Academy. He is currently associated with a $75 million VC fund and assists them in identifying and researching investable sectors and start-ups. He has completed his Bachelors of Business Administration from the Institute of Management, Nirma University and is currently pursuing MBA majoring in Finance from the same. He has 4 years of hands-on investment experience in a variety of asset classes and his professional qualifications include being a CFA Level 2 candidate and NSE Certified Market Professional Level 2.

He finds writing as a way to express his thoughts and share his knowledge with people eager to learn. He himself happens to be an avid reader of personal finance books and on top of his recommendation list are the international bestsellers ‘The Psychology of Money’ and ‘Think and Grow Rich’

He has this one strong belief as his motto: Life is what you make of it.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.