MT5 Terminal Window
The MT5 Indices Trading Platform Terminal Window Panel is mainly used for monitoring your Indices MT5 account balance, MT5 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 MT5 the Terminal Panel is shown below:
Terminal Window - MT5 Online Indices Software
The Terminal Window Panel has the Following Sub Menu or Tabs:
- Trade
- Stock Indices Trading Account History
- News
- Alerts
- Mailbox
- Trading Signals
- Code Base
- Experts
- Journal
Let us look at each on its own:
Trade Tab
If you open a Indices Trading on the MT5 Platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Indices, open a sell indices trade order the following details will be recorded on this Trade Tab panel.
Trade Tab - Indices Trading Platform Trading Windows
From the above examples we have opened a Sell Indices: The trade details are illustrated above under the column details marked
Order, Time, Type, Size, Quote, Indices Price, S/L,T/P, Commission, Swap, Profit
Order, - The trade number
Time, - The Time
Type, - The Type of order, Sell or Buy
Size, - Size of trade, 1 Standard Lot
Quote, - stock indices Symbol, Indices
S/L, - Stop Loss Indices Order
T/P, - TakeProfit Indices Order
Current Indices Price
Commission, - Commission (no commission charged by this broker)
Swap, - no swap charged as per now, trade has not stayed overnight
Profit - $51 dollars
Most common operation after opening a trade is to place the Stop-Loss Indices Order & Take Profit Indices Order, These are abbreviated as S/L and T/P. There is likely no other operation to setup after this only to monitor the stock indices trades within the trading platform work-space after setting these two levels, stop-loss will close your order with a minimum loss & 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, part shaded grey, the following menu will popup and appear, this is the menu used to make changes to the current order that has been opened.
This will popup as:
Modify a Indices Order on the MT5 Platform
The Menu has The following Options:
- New Order - Put a new transaction
- Close - Can close this transaction at current indices price
- Modify or Delete - Can Modify the S/L and T/P, (order cannot be deleted, delete is for pending stock indices orders that are not yet executed)
- Trailing Stop - Set a trailing Stop Loss Indices Order
- Profit - View profit as either pips, term indices trading or deposit currency: depending on which option you favor.
- Commission, Taxes, Comments, are additional columns that you as a trader can chose to show or hide by ticking/unticking(Checking/Unchecking) them.
- Auto Arrange - Arrange indices charts according to alphabet, time of open, most profitable according to sorting by choosing a column of arranging priority, for examples 'Time' column.
- Grid - Show Grid or do not Show Grid, by Checking/Unchecking This MT5 option.
To Set Take Profit Indices Order & Stop Loss Indices Order, T/P and S/L we use the third option, 'Modify or Delete', after clicking this the following panel will popup:
SL Order is placed at 250 points - 25 pips
TP Order is placed at 500 points - 50 pips
You can set this two points by selecting 250 and 500 on the part labeled points, red part marked copy is for Stop Loss Indices Order & blue part marked copy as is for Take Profit Indices Order as shown on the screen-shot below.
After that press the wide red button key marked modify to modify.
Modify a Trade Order on MetaTrader 5 indices trading Software
The order will then appear as below, note that S/L and T/P columns for our trade have been updated now as illustrated and shown below.
Take Profit Indices Order & Stop Loss Indices Order Levels Shown on Meta indices trader Platform
S/L and T/P Trading Order Details Updated on the Meta 5 trader Platform Transaction Window
If you were to close the above trade now, then trades will be updated as follows, to reflect that the trade has been closed and the profit added to your MT5 account balance.
Indices Trading Account Balance Updated on MT5 Platform
Stock Indices Trading Account History
This is used to generate trade reports of stock indices trades that have been opened previously and have been closed. This is a record of all previous transactions.
Trade Reports Panel on MetaTrader 5
On the above examples, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed trade transactions for this record to show some entries. Let us see what happens when we close our open position of indices.
Indices Closed Transaction Recorded in MetaTrader 5 Indices Account History Transaction Tab
From the above example, once our open stock indices order was closed the transaction was then recorded as an entry within 'Account History' of the MT5 Indices Trading Platform
MT5 Indices Account History Menu
Indices Trading Account History Menu
This menu is displayed above & can be accessed by right clicking anywhere within MT5 account history panel. The last Four (commissions, Taxes, comments, Auto Arrange & 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)
following 6 options are Shown Below:
All History, Last Three Months, Last Month or a Custom Period - all these options can be used to select time period for which you as the trader wants to generate history of transactions.
Save as Report, Save as Detailed Report - This will generate a report of all trade transactions along with profit & loss calculation, draw-down calculation, profit factor calculation, the expected payoff factor of the system you use along with the total number of profitable trade transactions, losing ones, the average loss per trade & the average profit per trade as illustrated below.
Generating Trade Reports of Your Indices Account on MetaTrader 5 Trader Platform
Save as Report
Save as Detailed Report
Saving detailed Reports of Trading Transactions History on Meta Trading 4 Stock Indices Software
News Tab
This is the third option within the MT5 Terminal Window this panel is used to display a list of current news provided as a news feed by your indices broker. This is shown below:
Indices Trading News Stream on MT5
Alerts Tab
This is used to set an alert for stock indices price when it reaches a pre determined level. For examples 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 stock indices price when it gets to any one of these zones.
For examples, in our above examples we might want to put an alert for at 50 pips below the current indices price, we shall open the Alerts Tab, & right-click to activate the menu below:
How to Set Indices Price Alerts on MetaTrader 5
On above panel, choose, Create & create one as follows:
Setting Indices Price Alerts on MT5 Software
Put the sound as the alert action, indices symbol is the Indices, set the condition to set is when bid stock indices price is less than(Bid<-<) and put the value for example at 1.34730, select the source of alert sound as above, (This is a sound file with extension Alert.wav), adjust the time-out to Ten seconds & iterations at maximum of 50, then choose OK to activate it.
Setting Indices Price Alerts on MetaTrader 5
The above alert is then set and an alert will sound off once this stock indices price of Indices 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 MT5 & practice opening This MT5 option to see how you can put a new alert or delete the same or modify it.
Mailbox Tab
Mailbox is used to view the messages which have been sent to you, to your Online indices software as illustrated below:
Mail Box on MT5
Stock Indices Trading Signals Tab
Contains of a list of Indices Trading Signal Providers that traders can subscribe to through their MT5 Indices Trading Platform, this is illustrated and shown below, one can select any signal provider and click subscribe to get the stock indices signals.
MT5 Signals Provided From MQL5 Indices Site Direct to the Software
To learn & know more about MT5 MQL5 Signals, navigate to the MQL5 Indices Trading Signals Page.
CodeBase Tab
CodeBase contains a list or a library of Automated Indices Trading Expert Advisors that one can purchase from through their MT5 Indices Trading Platform and then use this Automated Indices Expert Advisors which are automated programs used to trade indices. These EA Indices Trading Robots are set up Automated Indices Expert Advisors on the traders MT5 Indices Trading Platform. To use these Automated Indices Expert Advisors (EAs) one has to activate automated trading option within their platform a topic described in the next tutorial. The Code Base is shown Below:
MetaTrader 5 Automated Indices Expert Advisors Provided From MQL5 Indices Site Direct to the Software
To learn & know more about MT5 MQL5 Automated Indices Trading Expert-Advisors, navigate to the MQL5 Automated Indices Expert Advisors Page.
Experts Tab
Shows a list of all Automated Indices Expert Advisors that have been installed on the MT5 Platform, for Example the image below shows two EA Indices Trading Robots are installed on this indices trading platform. This MT5 option also shows the trading specifications of each Expert Advisor, these include trading parameters such as Take Profit Indices Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the indices trading platform.
Automated Indices Expert Advisors Installed on MT5
Journal Tab
Tracks login activities of the MT4 and from which PC computer and IP address of the PC computer used to login to the trading software platform.
This is more on the technical stuff and traders do not use this one a lot & therefore we shall not explain it here but you can look at this at your own free time, on your MetaTrader 5 Indices Trading Platform.
