Getting started with MetaTrader 4 is easy and it takes only a few minutes, you don’t have to pay anything, you can just install the software and open a demo account to start exploring the potential and playing around, performing demo trades and executing the scripts and expert advisors that you can find in this website. In this article we will see step by step how to download and install MetaTrader 4 on a Windows computer.
FXChoice to Download the Installer.
First of all the minimum requirements, MetaTrader 4 requires at least:
- Windows XP, Vista, 7, 8, 10
- CPU at least 300 MHz
- 256 MB RAM
- 60 MB Hard Disk
We all know that nowadays these requirements are easily satisfied, a very basic setup is a Computer running Windows 7 or above, a CPU above 1 GHz, 2 GB of RAM or more and several GB of storage.
Note that MetaTrader 4 was created for Windows platform but over the years it has been adapted to work on Mac and Linux as well through emulation. Emulation is not 100% stable hence we will not be taking into consideration Mac and Linux Operating Systems.
To show you the installation process in this article we are using:
- Windows 10 Pro 64bit
- Chrome Browser
- Intel Core 2 Quad Q8200
- 8 GB RAM
- 240 GB SSD drive
You will see in other articles that to run MetaTrader 4 this resources are not necessary, however, to run Backtesting quickly it is beneficial to have some computing power.
MetaTrader installer is easily accessible, if you have already an account with a broker usually it makes available to you the MetaTrader installer customised with logo and sometimes default indicators and settings. Since Metaquotes does not make available the installer anymore you will need a broker and in my case I am going to show you the process using FXChoice.
Once the file is downloaded double click it to run it. If the user account control (UAC) is enabled on the computer click yes.
Read and Accept the terms and be careful here, if you click Next the installation will proceed with the default settings, in alternative you can click Settings and check and change with your preferred settings.
Click Settings, the only settings that can be changed are:
- Installation Folder, where the software will be located in your computer
- Program Group, the group name of the software in the Start Menu
- Open MQL5.community website
We will proceed with the default so we will just click Next.
After the Next the installation will proceed and depending on the computer it will take from a few seconds to a few minutes to complete. Once the installation is complete MetaTrader will open showing the default screen and the “Open Account” Window.
If you click in the Menu Help and About you will see the version, build and date of the build.
You have successfully installed MetaTrader, now you need a Demo Account to start playing around, see how to Open a Demo Account.
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