Trade Stock Indices

Learn Stock Indices Trading

MT4 Terminal Window – Indices MT4 Transactions Tabs Panel

The MetaTrader 4 Platform Terminal Window is mainly used for monitoring your Indices trading account balance, account equity and transaction reports mainly. There are other operations that can be set up on this panel but most of these are not commonly used.

On the online Indices trading platform MetaTrader 4 the Terminal Window is shown below:


MetaTrader 4 Terminal Window and Terminal Button View Menu

Terminal Window - MT4 Online Indices Trading Platform


The Terminal Window has the Following Sub Menu or Tabs:

  1. Trade
  2. Account History
  3. News
  4. Alerts
  5. Mailbox
  6. Signals
  7. Code Base
  8. Experts
  9. Journal


Let us look at each on its own:



Trade Tab

If you open a Indices on the MetaTrader 4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Indices, open a sell trade order the following details will be recorded on this Trade Tab panel.

Account Balance and Open Trade Details on MT4 Terminal

Trade Tab - Stock Indices Trading Platform Windows


From the above example: The transaction details are shown above under the column details marked


Order, Time, Type, Size, Symbol, Indices Price, S/L,T/P, Commission, Swap, Profit


Order, - The transaction number

Time, - The Time

Type, - The Type of order, Sell or Buy

Size, - Size of transaction, 1 Standard Lot

Symbol, - MetaTrader 4 Symbol

Open Indices Price - 1.35185

S/L, - Stop Loss

T/P, - Take Profit

Current Indices Price

Commission, - Commission (no commission charged by this broker)

Swap, - no swap charged as per now, the trade has not stayed overnight

Profit - $ 51 dollars


The most common operation after opening a transaction is to place the Stop Loss and Take Profit, These are abbreviated as S/L and T/P. There is likely no other operation to setup after this only to monitor the trades within the trading platform work-space after setting these two levels, the stop loss will close your order with a minimum loss and the take profit will close your it at a reasonable profit.


To place this S/L and T/P, we shall Right Click anywhere within this Trade Tab, the part shaded grey, the following menu will appear, this is used to make changes to the current order that is open.

This will appear as:

Trade Tab Menu on MT4 Terminal Window

Modify a Indices Order on the MetaTrader 4 Trading Platform


Top 100 Broker Rankings


Forex Contest Limited Time



The Menu has The following Options:


  1. New Order - Put a new transaction
  2. Close - Can close this transaction at current price
  3. Modify or Delete - Can Modify the S/L and T/P, (order cannot be deleted, delete is for pending indices trading orders that are not yet executed)
  4. Trailing Stop - Set a trailing Stop Loss
  5. Profit - View profit as either pips or in dollars; depending on which option you favor.
  6. Commission, Taxes, Comments, are additional columns that you can chose to show or hide by ticking/unticking(Checking/Unchecking) them.
  7. Auto Arrange - Arrange indices charts according to alphabet, time of open, most profitable according to sorting by choosing a column of arranging priority, for example “Time” column.
  8. Grid - Show Grid or do Not Show Grid, by Checking/Unchecking this option.



To Set Take Profit and Stop Loss, T/P and S/L we use the third option, “Modify or Delete”, after clicking this the following panel will popup:


S/L is placed at 250 points – 25 pips

T/P is placed at 500 points – 50 pips


You can set this two points by selecting 250 and 500 on the part labeled points, the red part marked copy is for Stop Loss and blue part marked copy as is for Take Profit as shown on the screenshot below.


After that press the wide red button marked modify to modify.

Setting Up a Market Order to Buy or Sell a Indices Instrument in MetaTrader 4

Modify a Trading Order on MT4 Platform


The order will then appear as below, note that the S/L and T/P columns for our trade have now been updated as shown below.

Indices Sell Order with Take Profit and Stop Loss Levels on MetaTrader 4

Take Profit and Stop Loss Levels Shown on Meta Trader Platform


MetaTrader 4 Terminal Window Profit, Loss and Account Balance

S/L and T/P Trading Order Details Updated on the Meta 4 trader Platform Transaction Window


If you were to close the above transaction now, then the transactions will be updated as follows, to reflect that the transaction has been closed and the profit added to your account balance.

Profit Recorded on MetaTrader 4 Terminal Window For Closed Indices Trade

Indices Account Balance Updated on the MetaTrader 4 Platform



Account History

This is used to generate trade reports of trades that have been opened previously and have been closed. This is a record of all previous transactions.

Account History Tab For Recording Closed Trade Orders on MetaTrader 4

Trade Reports Window on MT4 Platform


On the above example, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed transactions for this record to show some entries..

Account History Tab Indices Sell Trade Recorded on MetaTrader 4

MT4 Indices Transaction Recorded on MetaTrader 4 Account History Transaction Tab


From the above example, once our open order was closed the trade transaction was then recorded as an entry within the “Account History” of the MetaTrader 4 Platform

Account History Menu For Generating Detailed Trading Reports

MT4 Account History Menu



Account History Menu

This menu is shown above and can be accessed by right clicking anywhere within the account history panel. The last Four (commissions, Taxes, comments, Auto Arrange and Grid are used more for formatting purposes but not for trading in general, therefore we shall not look at these as they are self explaining)


The following 6 options are Shown Below:


All History, Last 3 Months, Last Month or Custom Period - all these options can be used to select the time period for which you want to generate the history of transactions.


Save as Report, Save as Detailed Report - This will generate a report of all transactions along with profit and loss calculation, draw-down calculation, profit factor calculation, expected payoff factor of the system you use along with the total number of profitable transactions, losing ones, the average loss per transaction and the average profit per transaction as shown below.


Generating Trading Reports and Detailed Trading Reports on MT4 Platform

Generating Trade Reports of Your Indices Trading Account on MetaTrader 4 Trader Platform


Save as Report

Save as Report History of Trades on MetaTrader Platform Terminal Window


Save as Detailed Report

Save as Detailed Report on MT4 Platform Terminal Window

Saving detailed Reports of Trading Transactions History on Meta Trading 4 Platform


Top 100 Broker Rankings


Forex Contest Limited Time




News Tab

This is the third option within the MT4 Terminal Window this panel is used to display a list of current news provided as a news feed by your Indices trading broker. This is shown below:

News Tab Menu and News Feed Menu on MT4 Platform

Indices News Stream on MetaTrader 4 Online Indices Trading Platform



Alerts Tab

This is used to set an alert for indices price when it reaches a pre determined level. For example you may be using a Bollinger bands, an indicator that forms an upper boundary and lower boundary and you want to set an alert for indices price when it gets to any one of these levels.


For example, in our above example we may want to put an alert for at 50 pips below the current price, we shall open the Alerts Tab, and right click to activate the menu below:

Alerts Menu and Alert Tab For Setting Trading Alerts on MT4 Platform

How To Set Indices Price Alerts on MetaTrader 4 Platform


On the above panel, select, Create and create one as follows:

MetaTrader 4 Window For Setting Trading Alerts on MetaTrader 4 Terminal Window

Setting Indices Price Alerts on MT4 Indices Software


Put the sound as the alert action, set indices trading symbol, set the condition to set is when bid indices price is less than(Bid<) and put the value for example at 1.34730, select the source of the alert sound as above, (This is a sound file with extension Alert.wav), adjust timeout to 10 seconds and iterations at maximum of 50, then select OK to activate it.

Trade Alert Setup on MetaTrader Alerts Tab

Setting Indices Price Alerts on MetaTrader 4 Platform


The above alert is then set and an alert will sound off once this indices price goes below this level.


By right clicking on this, the Alert Menu will provide options for modifying it, deleting it or turning it off. You can download the MetaTrader 4 and practice opening this option to see how you can put a new alert or delete the same or modify it.



Mailbox Tab

Mail box is used to view the messages that have been sent to you, to your Online Indices trading platform as shown below:

MetaTrader 4 Mailbox For Emails Sent To Trader's Platform

Mail Box on MT4 Platform



Signals Tab

Contains of a list of Indices Trading Signal Providers that traders can subscribe to through their MT4 Platform, this is shown below, one can select any signal provider and click subscribe to get the Indices trading signals.

Signals Tab on MT4 For Accessing MQL5 Trade Signals

MetaTrader 4 Signals Provided From MQL5 Indices Website Directly To The Trading Platform


To learn more about MT4 MQL5 Signals, navigate to the MQL5 Indices Signals Page.



CodeBase Tab

CodeBase contains a list or a library of Expert Advisors that one can purchase from through their MetaTrader 4 platform and then use this EAs which are automated programs used to trade indices. These EA Indices Trading Robots are set up EAs on the traders MetaTrader 4 platform. To use these EAs (EAs) one has to activate automated trading option within their platform a topic explained in the next tutorial. The Code Base is shown Below:

Code Base Tab on MT4 For Accessing MQL5 EAs Library

MetaTrader 4 EAs Provided From MQL5 Indices Website Directly To The Trading Platform


To learn more about MT4 MQL5 Expert Advisors, navigate to the MQL5 Indices EAs Page.



Experts Tab

Shows a list of all EAs that have been installed on the MT4 Platform, For Example the image below shows two EA Indices Trading Robots are installed on this platform. This option also shows the trading specifications of each EA, these include trading parameters such as Take Profits, Lot Size, Trailing Stop Levels and all the other custom trading parameters of the EA that has been installed on the Indices trading platform.

MetaTrader 4 Experts Tab Showing List of Installed Expert Advisors

Automated Trading EAs Installed on MT4 Platform



Journal Tab

Tracks login activities of the Meta 4 trader and from which computer and the IP address of the computer used to login to the platform.


This is more on the technical stuff and traders do not use this one a lot and therefore we shall not explain it here but you can look at this at your own free time, on your MT4 Platform.

 

Forex Contest Limited Time

 

UpTo 5K Bonus Limited Time

 

Forex Seminar Gala

 

Forex Seminar

 

 

 

Broker