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Introduction
Apple products have become very popular. MetaQuotes Software Corp. attentively follows the progress of the IT industry and has already released the special mobile applications for iOS-based devices - MetaTrader 4 for iPhone and MetaTrader 5 for iPhone.
Recently, MetaQuotes developed a Mac version of this popular software and enabled brokers to reach out to a larger clientele base. So, if you are an Apple user, all you need to do is download MetaTrader 4 for Mac OS X and install it in a similar fashion as any other Apple software. Download MetaTrader 4 for Mac OS X! We use cookies to give you the best possible experience on our website. By continuing to browse this site, you give consent for cookies to be used.
There are many topics on the MQL4.community forum, where people are seeking a solution for running MetaTrader 4 under the Mac OS operating system. In this article, you will find out how to work in MetaTrader 4 via the Apple's popular operating system.
Installing Wine on Mac OS
Wine is a free software that allows users of the Unix-based systems to run an application developed for the Microsoft Windows systems. Among all the Wine versions there is one for Mac OS.
Note that Wine is not a fully stable application. Thus, some functions in the applications you start under it may work improperly or not work at all.
For the installation on Mac OS we recommend to use the free application PlayOnMac. PlayOnMac is a Wine-based software for easy installation of Windows applications on Mac OS.
PlayOnMac Installation
To install PlayOnMac, open the product's official web site, move to Downloads section and click the link for downloading the latest version.
After downloading the DMG package, launch it from Downloads section of your system:
PlayOnMac first launch window will appear. After clicking 'Next', the installer will start checking and installing the various components necessary for work.
The first necessary component is XQuartz. This is a software for using X Window System on Mac OS. X Window System provides standard tools and protocols for building the graphical user interface in Unix-like OS.
XQuartz installation is performed in several stages. First of all, you should read the important information (Read Me) and accept the license conditions.
Before the installation, Mac OS security system will ask you to enter your account's password:
Wait for the installation to complete. For changes to take effect, you should restart your PC.
After restarting the system, launch PlayOnMac again from the setup file in Downloads folder. The first launch window will appear again. This time, the installer will offer to install MS Windows fonts necessary for correct operation.
Accept the license agreement conditions and wait till the installation is complete. After that, PlayOnMac is ready for use. Its main window will appear:
Updating Wine
Wine v. 1.4 is installed together with PlayOnMac. Wine 1.4.1 is the latest stable version at the moment. Wine 1.5.21 beta release containing many improvements is also available for download. However, it may be less stable. It is recommended to install the latest version of Wine.
To upgrade Wine to the latest version, open PlayOnMac upper menu and select Manage Wine Versions:
The window with Wine versions available for installation will open. Select the latest version (1.5.21 at the moment).
Move the latest Wine version to the right side of the window. The installation will start.
After the installation is complete, the new version of Wine will appear in the left part of PlayOnMac Wine versions manager window. You can then close the window and install MetaTrader 4 trading terminal.
MetaTrader 4 Installation
To install MetaTrader 4, download the distribution package from www.metatrader4.com official web site. After the download is complete, launch the setup file. PlayOnMac will be used automatically to open it.
The standard terminal installation process with all its stages will start:
When the installation is complete, PlayOnMac will offer you to create the shortcuts for MetaTrader 4 terminal components - the client terminal itself and MetaEditor:
After creating the necessary shortcuts, you can start using MetaTrader 4. Double click on it in PlayOnMac window to launch the terminal.
Below you can see MetaTrader 4 terminal on Mac OS:
Known Issues
As it has been already mentioned above, Wine is not a completely stable software. Thus, some functions of the MetaTrader 4 terminal may work improperly. The following issues are currently discovered:
- Market is unavailable
Except for the above problems, you can enjoy all the features of MetaTrader 4 on Mac OS.
MetaTrader 4 Data Directory
PlayOnMac creates a separate virtual logical drive with necessary environment for each installed program. The default path of the installed terminal's data folder is as follows:
Conclusion
In this article we described a fast and easy way to run the most popular application for Forex trading in Mac OS. We hope that this article, or - to be more precise - the comments to it, will become a good place for accumulating useful information about running MetaTrader 4 under this operating system.
There are no central banks or institutions which govern the operations of the currency exchange market. This 24-hour, 5-days a week market is completely electronic based, and all transactions happen online. Your interaction with a broker will also be software based, and all your orders and analysis must happen over a trading platform. MetaTrader 4 Mac is such a platform developed by MetaQuotes which is increasingly gaining some popularity.
Previously, MetaTrader was designed only for Windows OS. Its ease of use and variety of currency trading features made brokers sign up with MetaQuotes for its trading software. However, the popularity of Apple PCs created some hindrance when the chain reached to the client’s side.
Previously, if a Mac user patched up with a broker providing MetaTrader, he/she needed to use emulators and plugins to make the platform run on their PC. There was also a complicated process available where you had to create a virtual computer on your Apple device and then install MetaTrader. Things were ultimately very hectic.
Recently, MetaQuotes developed a Mac version of this popular software and enabled brokers to reach out to a larger clientele base. So, if you are an Apple user, all you need to do is download MetaTrader 4 for Mac OS X and install it in a similar fashion as any other Apple software.
But the question remains, why choose MetaTrader for Mac when other Apple based platforms all already available? Certainly, you will have second thoughts about shifting to an entirely new platform. Here are 5 reasons why you should not frown if your broker is providing you with the MetaTrader 4 Mac software.
You will have a large trader community
And this is probably the only and the most important reason to consider a shift or install MetaTrader. This platform is already quite popular with all Windows users. Having an account here will enable you to interact with a large number of traders. Its social forum is huge with a massive number of traders chipping in with their opinions.
So what is the advantage of having access to a huge platform? You get updates on financial news from different parts of the world. There are 8 major currencies which are constantly exchanged in this market. Is it humanly possible to keep track of all these 8 countries simultaneously? With the chat forum in MetaTrader 4 Mac, you may receive such bulk of information in a matter of hours.
Native Apps for iOS users
You know how mobile applications make your life easy. Consider having an app version of your desktop trading platform. That too, a native one with the entire Apple-like functionalities intact. So anytime you have to check market quotes or place any order, all you need to do is access your phone.
As soon as you download MetaTrader 4 for Mac OS X, your broker will provide you with a link to the app version as well. You can use the same login ID and password to access your profile. The benefit with apps is its easy-to-use feature. Every update about the currency market will come to you as notifications, and you will never miss out on any event. With native apps now available for iOS, MetaTrader will be faster and smoother on your iPhone.
Save your analysis charts as workspace
With the MetaTrader platform, all the indicators and oscillators you placed on a chart can be saved as a workspace. In other words, if for a particular currency pair, you used a specific set of indicators and oscillators, you may save them and reapply when this pair shows a similar movement.
Another unique feature that MetaTrader 4 Mac comes with is the Expert Advisor from MetaQuotes. This is a code written in MetaEditor to automate your trading process. You can write algorithms to place buy and sell points, set stop-loss limits and assign various other parameters to maximize your returns. These remain saved in the directory and you can use it on any currency pair charts.
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Copy trading signal to improve returns
What do you do after you download MetaTrader 4 for Mac OS X? Do you step into trading with your money immediately? That is perfectly alright if you are into forex trading for quite some time now and have that profitable signal. But building a signal from scratch requires a lot of permutations and combinations before hitting that right note.
Another way can be to copy an expert’s signal into your account and build on that. You will have all that near-optimum buy/sell points, stop loss and limit values. Just modify a bit and add your innovations. This is again a direct result of having access to a large forum. A huge number or trading signals will be available, and you simply never run out of options with MetaTrader 4 Mac.
One place for all trades
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Another feature of MetaTrader is that you can trade with not only currencies, but in commodities, stocks, precious metals and contracts. In short, you can access any global financial market from one single profile. So, do not put all the eggs in one basket, download MetaTrader 4 for Mac OS X and diversify.
The main advantage of this single platform access is that it saves a lot of analysis time. All your updates from all the markets will come from a single software application. So, if you are trading in currencies and suddenly a stock depreciates, you can instantly take action and limit your losses.
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Needless to say that security of MetaTrader is premium. The large user base speaks the words out for this software. Also, with MetaTrader 4 Mac, you can customize your dashboard, move around objects, select chart colors and even drag and drop tools. The software ranks high in the list of being user-friendly. Apple user or not, if your broker gives you a link to download MetaTrader, know that you have just signed in with the right brokerage firm.
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Start trading today and enjoy investing!
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The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.