The How to Guide for MT4 Platform

How to Setup MetaTrader 4 Stock Indices Platform Lesson Tutorial

This MetaTrader 4 software step by step guide will explain how to guides for MetaTrader 4 platform.

How to Setup MT4

To setup MT4 software - download the MT5 exe set-up file, Click setup & follow the MetaTrader 4 setup instructions.

How to Log in to MetaTrader 4 Platform

To trade with MetaTrader 4 Stock Indices Platform you'll need to first of all enter stock indices account details - the MT4 platform will prompt you to enter you stock indices account details and you as a trader can use enter your stock indices account login details by clicking the File tab on the MT5 platform at the tops left corner of the MT4 platform, then select the Login to Trade Account option and then enter your stock indices account details - stock indices demo account details for MT5 stock indices demo account & stock indices live account details for MT4 real stock indices trading account.

How to Open a Stock Indices Instrument on MT4

To open a Stock Indices instrument go the MT4 Market Watch Window select the stock indices instrument that you want to open and double click on the stock indices instrument to open the stock indices chart for this stock indices instrument.

You can also tap the click to add button key at the bottom of MT4 Market Watch Window Panel to add a stock indices instrument that is not listed on the Market Watch Widow.

How to Open a Stock Indices Trade on MT4

To open a stock indices trade in MetaTrader 4 platform right click within the stock indices chart & select the New Order Widow to open a buy or sell stock indices trade.

A trader can also open the New Order window on the MT5 platform by clicking the MT4 shortcut key - F9, stock indices traders can press F9 to open the New Order window.

From MetaTrader 4 New Order panel a trader can open a buy or a sell stock indices trade by clicking the Buy by Market to open a buy stock indices trade or clicking the Sell by Market to open a sell stock indices trade. From this stock indices new order trade window a trader can also specify the stock indices lot size which they want to buy or sell.

How to Open a Buy Trade on MT4

To open a buy stock indices trade sect the New Order panel on MetaTrader 5 Platform by pressing F9, specify the stock indices lot size you want to trade, click the Buy by Market Button to open a buy stock indices trade in MetaTrader 5 Platform.

How to Open a Sell Trade on MT4

To open a sell stock indices trade sect the New Order panel on MetaTrader 5 Platform by pressing F9, specify the stock indices lot size you want to trade, click the Sell by Market Button to open a sell stock indices trade in MetaTrader 5 Platform.

How to Close a Stock Indices Trade on MT4

Open MT4 Terminal Window where open stock indices trades are displayed in MetaTrader 4 Platform by pressing MT5 shortcut Keys CTRL+T, then select the stock indices trade you want to close, then choose Close Order option - and this then opens a stock indices Order window to close the stock indices trade - click the yellow Close button to close the stock indices trade on MT4 platform.

How to Set Take Profit on MT4

Take Profit Level can be set when opening a new stock indices trade in MetaTrader 4 platform. On the New Order window provided on the MT4 platform there is a field for Take Profit - this is where a trader will specify the take profit level for their open stock indices trade.

Take Profit Level can also be set when modifying an already open stock indices trade, to modify and set take profit for an open stock indices trade - right-click on trade that you want to modify in MetaTrader 4 Terminal Window Panel or on the Stock Indices trading chart, Choose Modify Order, Select Take Profit & set the Take Profit Level you want for your open stock indices trade.

How to Set Stop Loss on MT4

StopLoss Level can be set when opening a new stock indices trade in MetaTrader 4 platform. On the New Order window provided on the MT4 platform there is a field for Stop Loss - this is where a trader will specify the stoploss level for their open stock indices trade.

Stop-Loss Level can also be set when modifying an already open stock indices trade, to modify and set a stop loss for an open stock indices trade - right click on the stock indices trade you want to modify on MetaTrader 4 Terminal Window or on the Stock Indices trading chart, Choose Modify Order, Select Stop Loss & set the Stop Loss Level you want for your open stock indices trade.

How to Place a Stock Indices Pending Order on MT4

To place a stock indices pending order open the New Order Window on the MT4 platform, then change the stock indices order Type from Market Execution to Pending Order.

Stock Indices traders can then choose the stock indices pending order that they want to set, the pending orders are buy limit, buy stop, sell limit, sell stop.

The How to Tutorial for MetaTrader 5 Platform