Academy How to trade cTrader vs MetaTrader4: Trading tools

cTrader vs MetaTrader 4: Trading tools

Trading tools such as indicators, oscillators, and Fibonacci levels are frequently used as a form of support by both beginner and experienced traders. If used correctly, they have the potential not only to make the trading easier but also to give it a significant boost which is something most of us are aspiring to. That’s why In this video from the cTrader vs MT4 comparative series, we will focus exclusively on trading tools, that can be found in these platforms, and compare them.

In this video, you will learn about

Comparison of cTrader’s and MT4’s native trading tools
cTrader’s trading tools for both beginners and advanced traders
cTrader price alerts

Would you like to try cTrader without the risk of losses?

Open demo

More about demo account

cTrader and tools for technical analysis

Technical analysis is one of the rudimentary trading techniques which is something the developers of cTrader are well aware of. That’s the reason why is cTrader equipped with many tools that will help you with technical analysis. Apart from many indicators and oscillators, the automatic chart pattern detector - Autochartist - is worth mentioning.

Thanks to a sophisticated system of algorithms, the Autochartist keeps monitoring multiple timeframes at once in order to find emerging price patterns for you. Each of the detected patterns is then evaluated based on its quality which may help you to decide whether to enter the market or not. Autochartist is basically watching for emerging market opportunities for you, therefore saving you time.

cTrader and fundamental analysis

Meeting of central banks, interest rate releases, inflation, GDP, industrial production data, and much more. These all are events that can cause above average volatility on markets which can put the position of intraday traders in danger. That’s why, as an intraday trader, you should be always aware of their release dates. The cTrader trading platform is equipped with a Calendar tool that provides you with a list of all important macroeconomic events for a current day, their importance and impact they will have on the market. The same function can be found also in the mobile version platform which means that everywhere you go, you will stay informed.

Be ready at all times thanks to cTrader price alerting system

The cTrader trading platform excels over the MetaTrader 4 mainly in the realm of price alerts. These are much more sophisticated and intuitive than their MT4 counterpart. And the reason why is the server-based synchronization of cTrader data, enabling all the cTrader platforms (mobile, web, desktop) to be in sync at all times. The mobile platform of MT4, however, needs to be manually connected to the MT4 desktop in order to create a functioning and fully synchronized price alert.

Be sure to watch other cTrader videos

Trade with the most progressive platform on the market

< cTrader vs MetaTrader 4: Risk management

cTrader Mobile: Basic setup & tour + Charting & basic indicators >