MetaTrader 4 Supreme Edition Plugin: A Complete GuideThe evolution of trading platforms continues, with more seasoned traders across the financial markets being offered new features and the increasing functionality to provide them with the tools necessary to place multiple trades and improve trading management and skills. In this guide, we will learn all you need to know about the new MT4 supreme edition plugin.
MetaTrader is a platform that has become increasingly popular, with MetaTrader4 long considered to be the best trading platform, recognized for its ease of use… that was before the release of Admiral Markets’ MetaTrader 4 Supreme Edition (MTSE) plug-in that provides some key enhancements to the popular MetaTrader 4 platform.
For those who are not familiar with the platform – more commonly known as MT4 – MetaTrader 4 is an electronic trading platform that is used by Forex & CFD traders online.
The trading platform provides live streaming of prices and charts, a portal to place orders and also functionality to manage exposures and accounts with the chosen broker.
As far as the speculative trader is concerned, MT4’s most popular capability was giving the option to users to put together personalized trading scripts, with the use of robots to automate trading, supporting the increased popularity of algorithmic trading.
While MT4 was released back in 2005, the release of MetaTrader 5 in 2010 proved to be less popular, with MT4 to continue as the platform of choice until the release of MT4 Special Edition plug-in.
MetaTrader Supreme Edition
MetaTrader 4 Supreme Edition was developed not to replace the key capabilities of the original MT4 platform, but to enhance the existing offerings, with features that are most certainly going to give the Supreme Edition platform significant advantages, bringing Admiral Markets the prospects of more accolades in the Forex world.
The MT4 and MT5 Supreme Edition plug-ins were designed as stand-alone platforms, with traders being able to enter two types of orders – pending and market orders. While pending orders are only executed when prices reach a chosen target price, market orders offer four methods of execution.
Some of the key features of the MT4 platform that marry particularly well with the additional features of the MT4 Supreme Edition plug-in include:
Instant execution: Order is executed at the price indicated at the time of placing the order, instant execution is popular because of the execution price being known at the time of placing the order. For instance, if you decide to purchase Bitcoin or Etheuem, you will an instant execution of the available price.
Request execution: This is a two-step process, the first being a price request, the final step being the trader’s decision on whether to execute the order at the provided price or to decline. The advantage of request execution is a guarantee of the order being fulfilled at the price quoted.
Market execution: Orders are executed at the broker ’s price, which may differ from what is shown on the trading platform, the disadvantage being a possible deviation from the displayed price during the periods of heightened volatility.
Exchange execution: The order is executed by the exchange, with the speed and price determined by market depth.
Admiral Markets’ MT4 Supreme Edition plug-in includes additional 60+ features that are unavailable on the standard MT platforms. Some attractive functionalities to make the trading experience all the more seamless include:
Sentiment Trader: Shows the sentiment of worldwide traders towards financial instruments, both current and historical, plotted against the price and any open positions of a particular instrument. For instance, the general sentiment on a particular currency pair: EUR/USD, GBP/USD, USD/JPY, etc.
Trade Terminal: Provides an efficient way to manage all your accounts and orders, allowing traders to place multiple instrument orders at the same time. The features of the Supreme Edition Trade Terminal include trade calculators used to calculate stop-losses as well as all of the features available on the Mini Terminal.
Mini Terminal: A trading tool that allows you to open and manage trading positions, with one-click trade management including but not limited to the following functionalities:
- Reverse is an option to instantaneously close a trade and open the same position in the opposite direction.
- Close all losers close positions in the red, Close all winners that close positions in the money, and a Close all option that allows you to close out all your positions with a single click of a button.
- Delete pending orders deletes only pending orders.
- Hedge gives you the option to execute an order of identical volume on the opposite side of the market, without closing the current one.
Indicator Package contains a large collection of valuable indicators designed to help traders, including but not limited to:
- Candle Countdown
- Chart Grouping
- Day Session
- Freehand Drawing
- Order History
- Pivot Points
- Renko Chart
Admiral Connect allows users to display news feeds in real time, with an option to customize which feeds to follow, including multiple multi-language options.
How to Download and Install MetaTrader Supreme Edition plugin
The MT4 and MT5 Supreme Edition live and demo accounts are free to download at Admiral Markets.
To download MTSE, go to our website and select the MetaTrader Supreme Edition option:
Select the MetaTrader Supreme Edition version compatible with your existing MetaTrader platform and enter the requested information to sign up for the download and click Verify & Download:
Upon completion, the download should start automatically. Please note that the MTSE plug-ins are only available for the clients of Admiral Markets. If you are a new client, select Open an account and proceed with the account opening process.
With a zipped executable downloaded, open the .zip file and run the executable to install the MTSE plug-in.
The MT4/MT5 Supreme Edition was developed by Admiral Markets, a reliable broker for Forex and CFD trading. If you’re looking for an advanced and user-friendly trading platform, there is no doubt that MTSE will give you many new features to build a trading strategy and learn techniques to improve your trading profitability.
Risk disclosure: Forex and CFD trading carries a high level of risk that is not suitable for all investors. Presented information is not an offer, recommendation or solicitation to buy or sell. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved. Read more at admiralmarkets.com.