CFD MT4 Transactions Tabs Panel

The MT4 Platform Terminal Window Panel is mainly used for monitoring your cfd trading balance, account equity & 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 cfd trading platform MT4 the Terminal Panel is illustrated below:

Terminal Window - MT4 Online CFD Software

The Terminal Window has the Following Sub Menu or Tabs:

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

Let us look at each on its own:

Trade Tab

If you open a CFD Trading on the MT4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The CFD, open a sell cfd trade order the following details will be recorded on this Trade Tab panel.

Trade Tab - Platform Trading Windows

From above examples: trade details are shown above under column details marked

Order, Time, Type, Size, Symbol, 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, - MetaTrader 4 Quote

Open CFD Price - 1.35185

S/L, - StopLoss Order

T/P, - Take Profit CFD Order

Current CFD Price

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

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

Profit - $51 dollars

The most common operation after opening a trade is to place the Stop Loss CFDs Order and Take-Profit CFD Order, These are abbreviated as S/L & T/P. There is likely no other operation to setup after this only to monitor the trades within the trading platform workspace after setting these two levels, the stop loss will close your order with a minimum loss & the take profit will close-out your trade 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 pop and appear, this menu is used to make changes to the current order that is open.

This will pop-up as:

Modify a CFD Order on MT4 Software

Menu has The following Options:

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

To Set Take Profit Order and SL Order, T/P & S/L we use the third option, "Modify or Delete", after clicking this the following panel will pop up:

S/L is set at 250 points - 25 pips

T/P is set at 500 points - 50 pips

You can set this two points by selecting 250 & 500 on the part labeled points, the red part marked copy is for Stop Loss CFDs Order and blue part marked copy as is for Take Profit CFD Order as illustrated on screen-shot below.

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

Modify a Order on MetaTrader 4 Software

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

Take Profit Order and SL Order Levels Shown on Meta Trader Software

S/L & T/P Order Details Updated on the MetaTrader 4 Platform Transaction Window Panel

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.

Account Balance Updated on the MetaTrader 4 Software

CFDs 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.

Trade Reports Window on MetaTrader 4 Software

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.

MT4 CFD Trading Transaction Recorded on MT4 Account History Transaction Tab

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

MT4 Account History Menu

Account History Menu

This menu is displayed above & 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 on these as they are self-explaining)

following 6 options are Shown Below:

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

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

Generating Trade Reports of Your Account in MT4 Trader Software

Save as Report

Save as Detailed Report

Saving detailed Reports of Transactions History on Meta Trading 4 Software

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 cfds trading broker. This is shown below:

CFD Trading News Stream in MetaTrader 4 Software

Alerts Tab

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

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

How to Set CFD Price Alerts on MT4 Software

On above panel, choose, Create and create one as follows:

Setting CFD Price Alerts on MetaTrader 4 Software

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

Setting CFD Price Alerts in MetaTrader 4 Software

The above alert is then set and an alert will sound off once this cfds 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 messages that have been sent to you, to your Online cfd software as highlighted below:

Mail Box in MetaTrader 4 Software

CFDs Trade Signals Tab

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

Meta Trader 4 Signals Provided From MQL5 CFD Web Site Directly To The Software

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

CodeBase Tab

CodeBase contains a list or a library of Expert Advisors that one can purchase from through their MT4 cfds platform & then use this Expert Advisors which are automated programs used to trade cfd. These EA Robots are set up Expert Advisors on the traders MT4 cfds platform. To use these Expert Advisors (Expert Advisors) one has to activate automated trading option within their platform a topic described in the next tutorial. The Code Base is shown Below:

MT4 CFDs Expert-Advisors Provided From MQL5 CFD Web Site Directly To The Software

To learn and know more about MT4 MQL5 CFDs Expert Advisors, navigate to the MQL5 CFD Expert-Advisors Page.

Experts Tab

Shows a list of all Expert Advisors that have been installed on the MT4 Platform, For Example the image below highlights two EA Robots are setup on this platform. This option also shows the trading specifications of each Expert Advisor, these include trading parameters such as Take Profit CFD Orders, Lot Size, Trailing Stop Levels and all the other custom trading parameters of the EA that has been installed on the cfd trading platform.

Automated CFDs Expert Advisors Installed on MetaTrader 4 Software

Journal Tab

Tracks log in activities of MT4 & from which computer and the IP address of the PC computer used to log in to the platform.

This is more on the technical stuff & 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 MetaTrader 4 CFDs Platform.