How to Use MetaTrader 4 Platform
How to Use MetaTrader 4 Platform
The following tutorials explain how to use the MT4 software, each guide is accompanied by numerous screen-shots so as to help beginners to understand the concepts described & make it easier to learn about this online XAUUSD platform.
Introduction
File
- Opening a Practice Account Procedure
- Open a XAUUSD Chart
- Opening Offline Chart
- Opening a Deleted Chart
- Saving a Profile
- Login to an Account
- Printing XAUUSD Charts
View
- Changing Language
- Tool Bars
- Connection Bars
- Charts Bar
- Market Watch Window
- Data Window
- Navigator Window
- MT4 Terminal Window
- XAUUSD Strategy Tester
Insert
- Indicators Insert Menu
- Insert Line Studies
- Placing Channels
- Gann Lines
- Placing Fibonacci Lines
- Insert Shapes
- Placing Arrows
- Insert Andrew's Pitchfork, Cycle Lines, Text Label
Charts
- Indicators List
- Objects List
- Bar Chart
- Line Chart
- Candlesticks
- Time frames - Periodicity
- Saving a Template
- Grid, Volumes, Auto Scroll and Shift
- Zoom in, Zoom Out & Step by Step
- Setting Properties
Tools
- Place New Order
- History Center on Tools Menu
- Options Settings
- MetaEditor Custom Indicators
- MetaEditor Expert Advisors
Window Menu
Help Menu
Toolbars
Advanced Topics
- MQL5 Signals - Copy Top MT4 Traders
- Advantages MQL5 Signals
- Signal Seller Advantages
- MQL5 Expert Advisors
How to Place XAUUSD Indicators
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- ADX
- Average True Range Indicator
- Awesome Oscillator
- Bears Power
- Bollinger Bands Indicator
- Bulls Power
- Commodity Channel Index
- Demarker
- Force Index
- Fractals
- Gator Oscillator
- Heiken Ashi
- Ichimoku Kinko Hyo Indicator
- MACD
- Market Facilitation Index
- Momentum
- Money Flow Index
- Moving Average Envelopes
- Moving Average Indicator
- Moving Average Oscillator
- On Balance Volume
- Parabolic SAR
- Relative Strength Index
- Relative Vigor Index
- Standard Deviation
- Stochastic Oscillator Indicator
- Volumes
- Williams Percentage Range
- Zigzag
Most popular search is how to save a work space in MetaTrader 4, or how to save a system/template. Before starting the guide, the screen shot below shows how to save a template or a trading system & also how to save a work space. The same button keys are also used to load the chart template on another separate chart. (click on these buttons to get options on your MT4 platform)
How to Save a Work Space, How to Save a Template
The MetaTrader 4 is part of the online xauusd market. The MetaTrader 4 software is installed on a client's computer.
The image below shows the user inter-face of MetaTrader 4.
MetaTrader 4 platform Workspace
According to XAUUSD trading platforms reviews, MetaTrader 4 is the most widely used XAUUSD platform. This is because it is easy to learn & can do the following tasks.
The MT4 platform is installed on a trader's PC computer & it's intended to do the following:
- Plot graphical Data about exchange rates in form of a grid/trading chart
- Receive streaming exchange quotes from the XAUUSD brokers
- Perform trade operations: buying and selling of currencies
- Show the open transactions & orders within the platform workspace
- Perform technical analysis
- Testing of strategies on practice demo accounts
- Coding of custom indicators & Expert Advisors for the purpose of automated xauusd trading.
- Provide statements of transaction history & a summary of profits/losses.
The MetaTrader 4 online trading platform which is also known as MT4, is designed to provide technical tools that can be used by XAUUSD traders to make buy or sell decisions. This xauusd platform provides online quotes and streaming data about price movement plotted in the form of price charts. This information is delivered directly to the MT4 platform interface. This information that is delivered in the format of real time quotes is then interpreted using technical tools provided for within this online trading platform.
This is a free XAUUSD platform that is provided for by online XAUUSD brokers. You can download the platform from online brokers sites, once you download it, you should then setup & setup the platform on a Desktop PC computer which has an inter net connectivity and then connect to your broker & start receiving streaming quotes.
The MetaTrader 4 has different window & chart panels, each designed to deliver a different type of market data, starting with the exchange rate quotes used to plot xauusd graphs to the market data window panel, toolbars for attaching technical indicators & the main menu bar used to navigate the platform.
