MetaTrader 4 (MT4) — Cambodia
MT4 is a reasonable first terminal because there is less of it to get lost in: a beginner uses five parts of it and can safely ignore the rest for a whole month.
Open Exness Account →MetaTrader 4 is a reasonable first terminal because there is less of it to get lost in. A beginner uses five things: the Market Watch list, one chart, the order ticket with its stop loss and take profit fields, the open positions tab, and the account history. Everything else — custom indicators, nine timeframes, the strategy tester — can stay untouched for the whole first month. MT4 is free and connects to any Exness account type.
Measured order execution — Standard
How orders actually filled when real market orders were placed on Exness’s MT5 feed — fill time, slippage and rejects by order size:
| Instrument | Order size | Avg fill | Avg slippage | Fails |
|---|---|---|---|---|
| EURUSDm | 0.01 lot | 151 ms | -0.333 pts | 0 |
| EURUSDm | 0.1 lot | 151 ms | -0.333 pts | 0 |
| EURUSDm | 1.0 lot | 146 ms | -0.333 pts | 0 |
| GBPUSDm | 0.01 lot | 141 ms | 0.667 pts | 0 |
| GBPUSDm | 0.1 lot | 130 ms | 0.0 pts | 0 |
| GBPUSDm | 1.0 lot | 135 ms | 0.333 pts | 0 |
| XAUUSDm | 0.01 lot | 141 ms | 0.0 pts | 0 |
| XAUUSDm | 0.1 lot | 151 ms | 80.0 pts | 0 |
| XAUUSDm | 1.0 lot | 130 ms | -72.333 pts | 0 |
Small sample (a few round-trips per size); indicative. The same pricing engine feeds every platform the broker offers.
MetaTrader 4 (MT4) at Exness
- Market Watch, trimmed to the single instrument the plan names — thirty symbols is thirty distractions.
- One chart on one timeframe, matching the plan, so the terminal shows the trade being tested and nothing else.
- The order ticket, with stop loss and take profit filled in before the order is sent — the one habit worth drilling on a demo.
- The open positions tab, read as a check rather than as entertainment.
- The account history tab, which is where the trading journal gets its facts at the end of the week.
- Free to download for Windows, macOS, the MT4 WebTerminal and the MT4 mobile app, and it connects to any Exness account type.
- 9 timeframes and 30+ built-in indicators are available — a first plan uses one or two of them.
- Custom indicators, automated trading and the strategy tester exist and can stay switched off until there is a written plan to test.
- The demo connects to MT4 exactly as a live account does, so the mechanics learned there transfer without adjustment.
Get started
Download MetaTrader 4 (MT4) from your Personal Area area after you open an account, or try it first on a free demo.
Open Exness Account →The five things a first month uses
Market Watch, trimmed to one instrument. A list of thirty symbols is a list of thirty distractions, and hiding the rest is a two-click job that changes how the terminal feels.
One chart on one timeframe. The plan names both, so the terminal should show exactly that and nothing else until the plan changes.
The order ticket, with stop loss and take profit filled in before the order is sent. This is the single habit worth drilling on a demo until it is automatic.
The open positions tab, read as a check rather than as entertainment; and the history tab, which is where the trading journal gets its facts from at the end of the week.
What to leave switched off for now
Custom indicators downloaded from elsewhere. They add opinions to a chart before there is a plan for the chart to serve, and a beginner has no way to judge whether an opinion is any good.
Automated trading. A rule set that cannot be described on one page cannot be supervised, and the whole point of the first month is supervision.
Multiple charts and multiple timeframes at once. They can be added back the day the log shows a specific question that one chart cannot answer.