MetaTrader - SL

MetaTrader - SL is an advanced trading technology designed for currency pairs on the Forex market. The most recent version, 4.0.0.950, brings a host of upgrades and new features that enhance its attractiveness as one of the leading Investment-Tools in the Business category. Developed by SL Charting, the program is offered under a Freeware license, which means you can download it for free and start trading without any initial cost.

This versatile software supports a wide range of operating systems, compatible with Windows XP, Vista, 7, 8, 10, and 11. For those who have used past renditions of the software, the transition should be smooth, as the new version maintains continuity with other versions like 4.0. Two key executables, metaeditor.exe, and terminal.exe, make up the backbone of this powerful platform.

People often look for programs that allow them to perform extensive chart analysis and identify trading trends and patterns; MetaTrader - SL excels in this with a multitude of built-in indicators. Moreover, it caters to both manual traders and those who prefer automation, thanks to its support for Expert Advisors.

Pros:

• Free to download and use, making it accessible to all traders.
• Supports automated trading via Expert Advisors, accommodating different trading strategies.
• Comprehensive support for multiple Windows OS versions.
• Robust charting features and extensive indicators for thorough market analysis.

Cons:

• Often updates and new features are limited to Windows, excluding other operating systems.
• The initial learning curve can be steep for novice traders.

You may want to check out more software, such as SL My Inventory Viewer, Microsoft Dynamics SL or Agilent TestExec SL, which might be related to MetaTrader - SL.