5 great tips to use Metatrader MT4 on Mac OS
It is possible to run Metatrader mt4 on Mac OS. The good news is Metatrader with Mac works the same as Metatrader with Windows. Note that MT4 is a generic Windows program.
Metatrader for Mac allows you to:
- Run Forex or Currency charting software & technical analysis
- Run Expert Advisors or EAs
- Access to custom indicators
- Essentially you get all the functions of MT4
I have listed 5 ways to run MT4 on Mac OS. There are two main methods to it: with and without Windows Operating System
With the need to install Windows OS
This solution entails you to run a full-fledged Windows installation. Generally, this solution is more expensive because there is a need to purchase an additional Windows OS license. This also means that your Mac is running an additional operating system.
4 ways to run a full fledged Windows installation and subsequently install Metatrader into Windows
- Apple’s own Boot Camp which lets you install Windows on a separate partition of your hard driver
- VirtualBox (Free, opensource program)
- Parallels Desktop
- VMware Fusion
Tip 1: Apple Boot Camp
Additional Cost: Windows OS only. Use of one operating system at any point of time
If you boot into Windows OS, you can’t access Mac OS.
Unless you are a Mac enthusiast and cannot do with it, if MT4 is really a Must tool, I think it would be better to get a Windows PC. A Mac is certainly much more expensive then Windows PC
Tip 2: VirtualBox
Additional Cost: Windows OS only. Best Part is Virtual is Free but might be cumbersome to install
VirtualBox is a virtual machine by Oracle.
It allows you to run Windows and Mac OS side by side. The best part is it’s free. If you are willing to spend some time to read the documentation, I would recommend having Virtual Box as a solution.
Tip 3: Parallels Desktop
Additional Cost: Windows OS + Parallels Desktop (US $79.99). Coherence function allows you to run Windows seamlessly in Mac OS without entering Windows
Parallels Desktop is also a Virtual Machine. This means that you can run Windows and Mac OS side by side.
I like the Coherence function of Parallels. Without the need to enter Windows or exit Mac OS, you can have all Windows file in your Mac OS. Adding indicators or Expert Advisor files is also easy. The only con is the price. It is the most expensive amongst the 3 virtual machines solutions available.
Tip 4: VMWare Fusion
Additional Cost: Windows OS + VMWare Fusion (US$ 49.99). The cheaper solution for MT4 in a virtual machine
Without the need to install Windows OS
Tip 5: Crossover
Additional Cost: Only Crossover Needed (US$ 39.99). The cheaper solution for MT4 in Mac
MT4 is very popular in Crossover. Installation is easy and the benefit is no extra cost needed for Windows OS. The restriction is that Crossover is only compatible with the more popular Windows base software.
About 20% of TerraSeeds Tflow® Students use Mac OS for MT4 to trade forex. Our Chief Trainer Binni Ong is also a Macbook Pro Retina Display user. Talk to us if you want to know how to use Mac for MT4 during our Introduction to Currency Trading and Education Seminar.
Update 11 Dec 2013 – Free solution
Apart from the above paid solutions, there is also one that is without cost. Read on how to download and install via the link below.
(Updated 15 July 2014: After MT4 Build 610, MT4 is no longer able to run on PlayOnMac)
My colleagues and I run Introduction to Currency Trading and Education Seminar to help individuals make an informed choice; 2-hours is all it takes to give yourself an additional pathSee my trades broadcast live in Twitter | Why Students like Tflow® Course | TerraSeeds Review on Tflow® Trades & Trade Performances FInd me on Google+
Latest posts by Binni Ong (see all)
- AUDUSD – Selling in a strong trend – how to trade trend continuation - October 1, 2014
- NZDUSD – RBNZD intervention and how do we profit from it? - September 30, 2014
- GBPUSD – fine-tuning from higher to lower timeframe is Tflow®’s strength - September 29, 2014
- Why I believe EURUSD will go to 1.25 and even lower - September 24, 2014
- SGDJPY possible move towards 88 – My newspaper interview - September 23, 2014