The MT4 License System for trading bots in forex trading refers to the regulatory framework and licensing requirements associated with the use of automated trading bots or Expert Advisors (EAs) on the MetaTrader 4 (MT4) trading platform. Here’s how to define this system: The MT4 License System for trading bots in forex trading involves adhering to regulations and requirements set by brokers and regulatory authorities to ensure the responsible and compliant use of automated trading tools on the MT4 platform. Traders should be diligent in understanding and following these regulations…