MetaTrader 4

MetaQuotes' product page says the platform is designed for forex and futures trading, and that it can analyse markets, run trading robots called Expert Advisors, and copy other traders' deals. It lists three execution modes, including instant execution, two market orders, four pending orders, two stop orders and a trailing stop. It also lists nine timeframes and built-in indicators. Automation is written in MQL4. The page is the vendor's description of the software. Account terms, spreads and which order types a broker enables are set by the broker, not by this glossary.