How Do I Draw Trend Lines on MT4 Software?
Trading Draw Trend Lines XAUUSD on MT4
To draw Trend Lines on MetaTrader 4 use MetaTrader 4 Charts Drawing Tools for Drawing Trendlines on MetaTrader 4 Charts
The MetaTrader 4 trend line drawing tools used to plot MetaTrader 4 trendline setups on the MT4 platform software are located on the MT4 drawing charts tool-bar within MetaTrader 4 Software, To access this MetaTrader 4 charts tool-bar if it isn't activated on your MetaTrader 4 platform, Click in 'View' Next to 'File' menu at top-left corner of MetaTrader 4 platform and click 'View', Then Click on the 'Tool-Bars' button, Then Tick 'Lines Tool Bar' by clicking on it.
Shown Below is examples of MetaTrader 4 trendline drawing charts tool-bar. To draw MT4 trendline on MT4 chart press on this MetaTrader 4 trend line plotting tool and choose the MT4 chart point where you as a trader want to plot MetaTrader 4 upward trendline or the MT4 downward trend line.
Interpret & Draw Trend-Lines in MT4? - How Do I Draw Trend Lines on MT4?
XAUUSD MetaTrader 4 Upwards Trend Line
To draw this upwards trendline traders use support areas. To draw the upward trend line correctly two support levels are needed as shown on the MT4 trendline examples illustrated & described below.
Interpret and Draw Trend Lines on MetaTrader 4? - How Do I Draw Trend-Lines in MT4?
XAUUSD MetaTrader 4 Downward Trend Line
To draw downwards trendline we use resistance zones & to do draw the downward trendline correctly two resistance zones are used as shown and illustrated on the downward trendline examples illustrated & explained below.
How Do I Draw Trend Lines on MT4? - How Do I Trade Gold and Draw Trendlines on MT4?
How Do I Draw Trend Lines on MT4 Software?
More Tutorials and Courses:
- How Do You Trade and Login to MT4 Trading Software?
- How to Place Force Index XAUUSD Indicator on Trading Chart in MT4 Platform
- How Do You Gold Set Buy Stop Gold Order on MT5 Trading Software?
- Methods of Setting Stop Loss Orders in Gold XAU/USD
- How Do You Trade MT5 Upwards Channel in MT5 Trading Software?
- How Do You Add a XAU USD Take Profit Order MT5 Platform?
- Gold Platform MetaTrader 5 MetaEditor: How to Add Automated Gold Expert Advisors
