The How to Guide for MetaTrader 4 Platform

How to Setup MetaTrader 4 Stock Indices Platform Lesson Tutorial

This MT4 platform step by step tutorial will explain how to guides for MT4 software.

How to Setup MetaTrader 4

To setup MT4 platform - download the MetaTrader 5 exe setup file, Click setup and follow the MT4 installation instructions.

How to Log in to MT4

To trade with MT4 Stock Indices Trading Platform you will need to first of all enter stock indices account details - the MetaTrader 4 platform will prompt you to enter you stock indices trading 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 MetaTrader 4 software, 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 and stock indices live account details for MetaTrader 4 real stock indices account.

How to Open a Stock Indices Instrument on MetaTrader 4

To open a Stock Indices instrument go the MetaTrader 4 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 at the bottom of the MT4 Market Watch Window to add a stock indices instrument that is not listed on the Market Watch Widow.

How to Open a Stock Indices Trade on MetaTrader 4

To open a stock indices trade in MT4 platform right click within the stock indices chart & choose the New Order Widow to open a buy or sell stock indices trade.

A trader can also open the New Order panel on MetaTrader 5 software by clicking the MT4 short cut key - F9, stock indices traders can press F9 to open the New Order window.

From MetaTrader 4 New Order window 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 panel a trader can also specify the stock indices lot size which they want to buy or sell.

How to Open a Buy Trade on MetaTrader 4

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 on the MT5 Platform.

How to Open a Sell Trade on MetaTrader 4

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 on the MT5 Platform.

How to Close a Stock Indices Trade on MetaTrader 4

Open MetaTrader 4 Terminal Window where open stock indices trades are displayed on the 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 in MT4 software.

How to Set Take Profit on MetaTrader 4

Take Profit Level can be set when opening a new stock indices trade in MT4 platform. On the New Order window provided on the MetaTrader 4 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 & set take profit for an open stock indices trade - right click on trade that you want to modify on the MetaTrader 4 Terminal Window or on the Stock Indices trading chart, Select Modify Order, Select Take Profit & set the Take Profit Level you want for your open stock indices trade.

How to Set Stop Loss on MetaTrader 4

StopLoss Level can be set when opening a new stock indices trade in MT4 platform. On the New Order window provided on the MetaTrader 4 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 & set a stop loss for an open stock indices trade - right click on stock indices trade that you want to modify on the MetaTrader 4 Terminal Window or on the Stock Indices trading chart, Choose Modify Order, Select Stop Loss & set the Stop Loss Level that you want for your open stock indices trade.

How to Place a Stock Indices Pending Order on MetaTrader 4

To place a stock indices pending order open the New Order Window on the MetaTrader 4 platform, then change the stock indices order Type from Market Execution to Pending Order.

Stock Indices traders can then select 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