Trade Gold Trading

MT4 Platform Training Guide

The MetaTrader 4 Data window provides information regarding a price for a specific candlestick period. The charts below illustrate how to select the information panel from the view menu options. The shortcut key (Ctrl+D) allows you to display the info window without needing to access it through the view menu.

Data Window - MT4 Software

Platform MT4 Data Window/Panel Tutorial Guide - How Do I Use Software MetaTrader 4 Data Window Panel Lesson?

Once the info window is selected it will show, the following info about a price.

Gold Software MT4 Data Window/Panel Tutorial Guide - How Do I Use Software MetaTrader 4 Data Window Panel Lesson?

The following data for trading is displayed:

  1. Gold Chart
  2. Date
  3. Time
  4. Open Price
  5. High
  6. Low
  7. Close Price
  8. Volume

This information pertains to the specifics of the currently hovered-over candlestick: as the mouse moves across the candles on a chart, this data dynamically updates to reflect the price details of the candle directly beneath the cursor.

The data window is not commonly utilized on the MetaTrader 4 platform compared to other MT4 chart windows. However, as a trader focusing on XAUUSD gold, you can employ this data panel to extract and present information about any price candle, including details such as the opening and closing prices as well as the highest and lowest price points.

Lastly, many gold traders find it advantageous to leverage the information directly available on the charts within the MT4 platform, as it allows for a more informed trading decision.

Another method to access this data is by using the Cross Hair Mouse Pointer. To activate the Cross Hair Mouse Pointer, a trader simply needs to press and hold the wheel mouse button, which will make the Cross Hair appear. If your mouse lacks a wheel button, consider purchasing a new mouse to effectively trade using the MetaTrader 4 cross hair. The Cross Hair allows a gold trader to obtain price information as illustrated below.

Cross-Hair Tool - MT4 Platform

Platform MT4 Data Window/Panel Tutorial Guide - How to Use Platform MT4 Data Window Panel Tutorial

The crosshair above the vertical line shows the date for the current candlestick. The horizontal line displays the price at that spot on the chart. In this chart example, the date reads 2013.10.31 4:00GMT. The price appears for the picked point. Open, high, low, close, volume, and date show right below the Charts tab in MetaTrader 4. They mark as O: H: L: C: V:. This crosshair offers a quick way to check data. No need to open the Data Window in MT4.

One can click on a point, hold down the mouse button, and drag the mouse to another level on the chart to measure the pip movement of price from one point to another in the MetaTrader 4 Software, as illustrated below.

Using Cross Hair Tool to Assess Pip Price Movement

Trading Software MetaTrader 4 Data Window/Panel Tutorial Guide - How to Use Platform MT4 Data Window Panel Tutorial

MT4 Crosshair Tool for Data Insights

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