Drawing Candlesticks Charts on MetaTrader 4 Platform

The fourth option on the MT4 charts menu is the candlesticks button - used to select the chart to trade with as candles.

To trade with these candles, the above buttons shows where a trader should select the button do choose this option.

These are drawn using also color programming:

Red - Energies Price went down

Blue - Energies Price went up

This chart type is also preferred by many traders because they are more appealing for analysis & easier to trade with. A lot of information can be interpreted from these charts.

These will explain the Opening, High, Low, Closing price of a particular time period. This is abbreviated O-H-C-L.

The body of the candles will show energies instrument movement that was within the opening and closing price of a specific trading period - it is also used to determine a lot of information. For example in the above chart the long blue body meant there were a lot of buyers and therefore the price movement was likely to continue in upwards bullish trend direction.

The upper and lower shadow, the wicks of the candlestick will show the highest point and the lowest point that the price reached.

Japanese Energy Trading Candles Lessons

The Japanese patterns courses can be used to learn how to determine trend reversal signals or energies trend continuation signals from different patterns and formations.

To learn more about the various energies strategies for trading these patterns, a trader can read these lessons:

Japanese Candles Tutorial

Marubozu and Doji

Spinning Tops

Reversal Setups

Inverted Hammer Candlestick Pattern and Shooting Star Candlestick Pattern

Piercing Line Trading Candlestick Setup & Dark Cloud Cover Candlestick Pattern

Morning Star Candles and Evening Star Candles