Insert Shapes on Charts on the MetaTrader 4 Trading Software

To place shapes on the MT4 energies trading software, a trader can use Insert Menu & use the insert shapes button key that is shown and illustrated below.

Insert Shapes on Meta Trader 4 Platform

Options of which shapes that can be drawn on the MT4 platform are:

1. Rectangle
2. Triangle
3. Ellipse

Draw Rectangle on Chart

To draw a rectangle on mMetaTrader 4 energies charts, a trader will select the rectangle button and then select between which points on a Energies Trading chart to draw this rectangle. To adjust a triangle that has already been drawn, a trader can also double click anywhere on this shape and then select the square buttons that appear at all the corners of this rectangle and drag them to adjust this rectangle.

Drawing Rectangle Shape on MT4 Trading Charts

Rectangle shape is used to plot a consolidation range setup where price breakout to one side will mean price movement will continue in that direction, as shown above, when price breaks out upward it continues to move in that particular direction.

Draw Triangle

To draw a triangle, a trader can select the triangle button and then on the MT4 energies chart, select 3 points, point 1, 2 and 3 after which the triangle is drawn within these 3 chooseed chart points. To adjust the triangle, just double click this triangle, then select the square buttons appearing on the edges as shown below and adjust the triangle points.

Drawing Triangle on Charts on MetaTrader 4 Platform

Draw Ellipse

To draw the ellipse shape, follow the guidelines below:

1. Select the Ellipse button as shown above
2. On the chart select point 1 and drag the mouse to point 2, (the ellipse will appear as a line)
3. Double click the ellipse using the small squares at the middle, click, hold and drag this square and the ellipse will be adjusted as shown below.

Drawing Ellipse Shape on MT4 Charts on MT4 Platform