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Olymp Trade MT4: A Match Made in Heaven

By: OlympTrade Posted Oct 26, 2020 General 476 Views
(Updated Mar 16, 2021 04:37 PM)

Olymp Trade provides so much through its platforms that it could be hard to imagine there being more. But with MT4 that is exactly what it is, more and more, and just a little more.

Olymp Trade MT4 is indeed a match made in trading heaven. MT4 is one of the most powerful and respected trading terminals out there. Perfect for veteran traders looking for more analytical features than are available on the Olymp Trade platform.

MT4 has earned its place as one of the most used terminals in the world, boasting some of the most impressive tools, instruments, and personalization. This is the terminal for the in-depth analysis, monitor multiple charts at once, and use advanced trading tools.

More Assets

Olymp Trade MT4 has new currency pairs, indexes, and metals constantly being added to its register. Traders can earn on the volatility of the Korean won or invest in an Italian stock index.

There are over 70 assets available to trade. Forex brings more potential for larger profits. When trading currency pairs, you can use the highest leverage at 1:400, 1:50 for metals, and 1:30 for indexes and commodities.

Better Tools

MT4’s open-source programming language has allowed thousands of traders to engage in indicator development. This has resulted in a huge number of unique indicators traders can access when using the Olymp Trade MT4 terminal. You can access the platform by clicking on this link:

Many of these improved indicators and oscillators are available for free in the public domain. They can be downloaded, added to the terminal’s internal folder, and found in the “Custom” section.

When working with Olymp Trade MT4, traders can use several charts at once. The number of open charts is limited only by the capacity of the computer. Taking personalization to another level, chart types, color schemes, and other features can be individually configured for each chart.

MetaTrader 4 is the first platform that empowers traders to take advantage of real trading robots (Expert Advisors). These Expert Advisors are algorithms that continuously analyze the market and provide trading advice. Investors can also allow it to open, close, and manage your trades in general.

Which version of MetaTrader 4 to Use

For the best trading experience, the version with full functionality is recommended. Available for both Windows and Mac OS, it provides the most power and flexibility. There are versions with limited functionality that are also available; the MT4 web version can be used in a regular browser and the applications for iOs and Android can be used on the go.

The lighter versions of MT4 allow traders access to their trading accounts without the full range of tools and personalization. Traders have the freedom to trade anywhere.

How to Start Using Olymp Trade MT4

As an Olymp Trade client, to access the Olymp Trade MT4 terminal you will need to receive a login, create a password and download the terminal. However, if you do not already have an Olymp Trader account you will have to create one first.

Step 1.

Go to,

Log in using your Olymp Trade account, or sign up if you have not previously registered on the platform.

Step 2.

Select a demo or live trading account and whether it will be Standard (with spreads but no commissions on trades) or ECN (the spread is narrow, but small commissions are charged when opening a trade).

Step 3.

Enable the SWAP Free option to replace swap interest-based charges with a fixed commission.

Step 4.

Create a password and click “Open Account”

Once complete you will receive the necessary information to use the Olymp Trade MT4 terminal.

Step 5.

Download the file for Windows or macOS, and install the program. To enter the browser version, click Web. The mobile apps are available through direct links on the page that redirect you to either the App Store or Google Play.

Logging into Olymp Trade MT4 for the First Time

Step 1.

Launch the terminal, in the window you will see where to select the trading server. Choose OlympTrade-Live to log in to your live account or to trade in demo mode, select Olymp-Trade-Demo. Then click “Next.”

Step 2.

Select “Existing trade account”.

Step 3.

Enter your Olymp Trade MT4 login and password and click “Finish”. To log in, use the code found next to the “Log in” button.

You will know that the authorization has been successful when open charts begin to show the current prices.

More Types of Trades (Orders)

There are five types of trade orders available through Olymp Trade MT4:

Market execution — to open a trade that will be executed immediately at the current market price.

Buy limit — a type of pending order. Used when you want to buy the asset at a lower price than the current one.

Sell limit — this pending order is used to sell an asset at a higher price than the current one.

Buy Stop — a pending order to buy the asset at a higher price than the current one.

Sell Stop — a pending order to sell the asset at a lower price than the current one.

Market orders are executed immediately while pending ones only execute when the asset’s price reaches specified values. This allows traders using Olymp Trade MT4 to capitalize on different assets without having to physically make each trade at the desired price. Though you can also efficiently manage your positions by using the Stop Loss, Take Profit, and Trailing Stop tools in MT4.

With Olymp Trade MT4 More is More

Looking over all Olymp Trade MT4 offers traders it is easy to see the features mentioned above make MT4 an indispensable tool. Providing traders with more assets, tools, and ways to trade make this an undeniable pair. Combined with Olymp Trade’s low trade minimums and high maximums, this platform is able to bring much-loved flexibility to trader’s sessions.

The terminal’s continuously growing catalog of finely tuned Expert Advisors, indicators, and oscillators will help you better understand the market, track trends, and ultimately become more successful. If you want to take your trading to the next level and improve your professionalism, Olymp Trade MT4 is exactly what you need.

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