How to Use MT4 Software/Platform
How to Use MetaTrader 4 Software
The following guides explain how to use the MetaTrader 4 platform, each guide is accompanied by numerous screenshots in order and so as to help traders to understand concepts explained & make it easier to learn about this trading platform.
Intro
File
- Registering a Practice Demo Trading Account Procedure
- Open a Chart
- Opening Offline Chart
- How to Open a Deleted Chart
- Saving a Profile
- Sign In to an Account
- Printing Charts
View
- Change Language
- ToolBars
- Connectivity Bars
- Charts Bar
- MarketWatch Window
- Data Window
- Navigator Panel
- MT4 Terminal Panel
- Stock Strategy Tester
Insert
- Indicators Insert Menu
- Insert Line Studies
- Placing and Adding Channels
- Gann Lines Indicator
- Placing Fib Lines
- Insert Shapes
- Placing and Adding Arrows
- Insert Andrews Pitch Fork, Cycle Lines, Text Label
Charts
- Indicators List
- Objects Listing
- Bar Chart
- Line Chart
- Candlesticks
- Timeframes - Periodicity
- Saving a Template
- Grid, Volumes, AutoScroll and Shift
- Zoom in, Zoom Out & Step by Step
- Setting Chart Properties
Tools
- Open New Trade Order
- History Center on the Tools Menu
- Options Settings
- Meta Editor Custom Indicators
- MetaEditor Expert Advisors
Window Menu
Help Menu
ToolBars
Advanced Topics
- MQL5 Signals - Copy Top MetaTrader 4 Traders
- Benefits MQL5 Signals
- Signal Seller Advantages
- MQL5 Expert Advisors
How Do You Place Trading Indicators
- Accelerator Oscillator
- Accumulation Distribution Indicator
- Alligator Indicator
- ADX
- Average True Range Trading Indicator
- Awesome Oscillator Indicator
- Bears Power Indicator
- Bollinger Band
- Bulls Power Indicator
- Commodity Channel Index
- Demarker Indicator
- Force Index Trade Indicator
- Fractals Indicator
- Gator Oscillator
- Heikin Ashi
- Ichimoku Indicator
- MACD
- Market Facilitation Index Trade Indicator
- Momentum Indicator
- Money Flow Index Indicator
- MA Envelopes Indicator
- MA Indicator
- Moving Average Oscillator
- OBV
- Parabolic SAR
- RSI
- Relative Vigor Index Trade Indicator
- Standard Deviation
- Stochastic Indicator
- Volumes Trading Indicator
- William Percent Range
- Zigzag Indicator
Most popular search is how to save a work-space in MetaTrader 4, or how to save a trade system/template. Before beginning the tutorial, image below illustrates how to save a template or a system and also how to save a work-space. Same buttons are also used to load the trading template on another chart. (click on these button keys to get options on your MetaTrader 4 software)
How to Save a Work-Space, How to Save Template
The MetaTrader 4 is part of the online trading market. The MT4 software is installed on a client's computer.
The image below shows user inter-face of MT4.
MetaTrader 4 software Work Space
According to trading platforms reviews, MT4 is the most widely used Stock platform. This is because it's easy to learn and can do the following tasks.
The MT4 platform is installed on a trader's PC Desktop computer and it's intended to accomplish the following:
- Plot graphical Data about exchange rates in the format of a grid/trading chart
- Receive and Get streaming exchange quotes from the Stock brokers
- Perform trade operations: buying and selling of currencies
- Show the open positions & orders within the platform workspace
- Perform trading analysis
- Testing of strategies on practice practice demo trade accounts
- Coding of custom technical indicators and Expert Advisors for purpose of automated trading.
- Provide statements of transaction history and a summary of the profits & losses.
The MetaTrader 4 online trading software which also is referred to as MT4, is designed to provide technical tools that can be used by Stock traders to make buy/sell decisions. This stock platform provides online quotes and streaming data about price movement drawn in the format of price charts. This information is delivered direct to the MT4 software inter-face. This information that's delivered in form of realtime quotes is then interpreted using trading analysis tools which are provided for within this online trading platform.
This is a free platform that is offered by online brokers. You can download the trading software from online brokers sites, once you download it, you should then setup & install the platform on a Desktop computer which has an inter net connection and then connect to your broker and begin receiving real-time quotes.
The MT4 has different window and chart panels, each designed to deliver a different type of market data, beginning with the exchange rate quotes used to plot indices graphs to the market info window panel, toolbars for attaching trading indicators & the main menu bar used to navigate the trading platform.
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