Getting Started with MetaTrader 4 XAUUSD Platform
The following guides explain how to use the MetaTrader 4 platform, 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 trading platform.
Intro
File
- Signing-up a Demo Practice Account Procedure
- Open a Chart
- Opening Offline Chart
- Opening Deleted Chart
- Saving a Profile
- Sign In to an Account
- Printing Charts
View
- Change Language
- ToolBars
- Connectivity Bars
- Charts Bar
- MarketWatch Window
- Data Window
- Navigator Window
- MetaTrader 4 Terminal Window
- Trading Strategy Tester
Insert
- Indicators Insert Menu
- Insert Line Studies
- Placing Channels
- Gann Lines
- Placing Fib 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 Template
- Grid, Volumes, Auto Scroll & Shift
- Zoom in, Zoom Out & XAUUSD Step by Step
- Setting Chart Properties
Tools
- Open New Order
- History Center in Tools Menu
- Options Settings
- MetaEditor Custom Indicators
- MetaEditor Expert-Advisors
Windows Menu
Help Menu
ToolBars
Advanced Courses
- MQL5 Signals - Copy Top Meta Trader 4 Traders
- Benefits MQL5.com Signals
- Signal Seller Benefits
- MQL5 XAUUSD Expert-Advisors
How Do I Place Indicators
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- ADX
- Average True Range Indicator
- Awesome Oscillator
- Bears Power
- Bollinger ##BandsBand
- Bulls Power
- Commodity Channel Index
- Demarker
- Force Index
- Fractals
- Gator Oscillator
- Heiken Ashi
- Ichimoku
- MACD
- Market Facilitation Index
- Momentum
- Money Flow Index
- MA Envelopes
- Moving Average Indicator
- MA Oscillator
- OBV
- Parabolic SAR
- RSI
- Relative Vigor Index
- Standard Deviation
- Stochastic Oscillator Indicator
- Volumes
- Williams Percentage Range
- Zig zag
The Meta Trader 4 is part of the online market. The MetaTrader 4 software is installed on a client's computer.
The screenshot below shows the user inter-face of the MetaTrader 4.
MetaTrader 4 software Workspace
According to trading platforms reviews, MT4 is the most widely used gold platform. This is because it is easy to learn & can do the following tasks.
The MT4 software is installed on a trader's PC computer and it's intended to do the following:
- Plot graphical Data about the exchange rates in form of a grid/trading chart
- Receive streaming exchange quotes from the brokers
- Perform gold trading transaction operations: buying and selling
- Show the open trading transactions & orders within the trading software work-space
- Perform technical analysis
- Testing of strategies on practice practice trading accounts
- Coding of custom technical indicators & Expert-Advisors for the purpose of automated gold trading.
- Provide statements of transaction history and a summary of the profits and losses.
This is a free platform that is provided for by online brokers. You can download the trading software from 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 and begin receiving realtime quotes.
The Meta Trader 4 online trading software which is also known as MT4, is made to provide technical tools which can be used by traders to make buy or sell decisions. This gold software provides quotes & streaming data about price movement plotted in the form of trading price charts. This info is delivered directly to the MT4 software interface. This information that is delivered in the format of real time quotes is then analyzed using technical tools provided within this trading platform.
The MT4 has different window and chart panels, each made to deliver a different type of market info, starting with the exchange rate quotes used to draw trading graphs to the market data panel window, toolbars for attaching technical indicators & the main menu bar used to navigate the trading platform.