All the trader needs to do is to indicate what parameters are to be fulfilled on the charts and the software automatically compiles the information into a trading software. Some software is designed to create better charting of instruments and enhanced technical analytical tools. This software creates stand-alone charts which can be better visualized and analyzed by traders. Country Restriction – Some brokers offering the MT4 will not allow traders from certain countries to open live accounts. Affected traders can simply search for another MT4 broker that does not have such restrictions and open their accounts there.