Generally, almost all the online trading platforms available have similar features and choosing the right platform is entirely up to the trader's decision. However, well-known platforms will have more contributors and customers hence higher chances for more advance development. So basically the platform is just yet another kind of software. More specifically, one of the platforms is the MetaTrader Platform that provides brokering services to customers at CFD, Forex and Futures markets. It is currently the favorite among many traders and brokers due to the capabilities that they offer such as unlimited charting capabilities, fast performance, multilingual trading vent : almost 26 languages, numerous expert advisors and more.

This platform is used by numerous brokers and traders for online trading. Therefore a programmer or coder will prefer to write new indicators for this platform in order to approach larger group of audiences. Consequently, there are almost thousands of existing indicators for the MetaTrader platform. This feature is extremely important as the chart are one of the most significant tools for traders there are given the MetaTrader an advantage over its competitors zerodha kite. It is said that an automated system can perform trades according to the given signals as some trading systems are done based on statistical measurements. The expert counsellor (EA) is one program that performs the opening and closure of positions based on a trading system without the trader's action.

Thus the MetaTrader is considered to be the best platform for handling expert advisors. Similar to the indicators, there have been many expert advisors written for the MetaTrader. The MetaTrader has a fascinating feature that is the capacity operate the expert counsellor for to check out past activities. The current latest version is the MetaTrader 4 (MT4). And some brokers are still using the MT3 for online trading, nearly all traders have upgraded to the MT4 version. One disadvantage is that the MT4 cannot investigate file format of MT3 but most of the indicators and expert advisors for the MT3 have been re-written for MT4.