XAUUSD MT4 Transactions Tabs Panel

The MT4 Platform Terminal Panel is mainly used for monitoring your trading balance, account equity and transaction reports mainly. There are other operations that can be set up on this panel but most of these are not oftenly used.

On the online platform MT4 the Terminal Window Panel is shown below:

Terminal Window - MT4 Online Software

The Terminal Window has the Following Sub-Menu or Tabs:

Trade
Trading Account History
News
Alerts
Mailbox
Trade Signals
Code Base
Experts
Journal

Let us look at each on its own:

Trade Tab

If you open a Gold on the MetaTrader 4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Gold, open a sell trading order the following particulars will be recorded on the Trade Tab panel window.

Trade Tab - Platform Windows

From the above example: The trade details are illustrated above under column details marked

Order, Time, Type, Size, Quote, Price, S/L,T/P, Commission, Swap, Profit

Order, - The trade number

Time, - The Time

Type, - The Type of order, Sell or Buy

Size, - Size of trade, 1 Standard Lot

Quote, - MT4 Symbol

Open Price - 1.35185

S/L, - Stop Loss Order

T/P, - Take Profit Order

Current Price

Commission, - Commission (no commission charged by this broker)

Swap, - no swap charged as per now, the trade has not stayed overnight

Profit - $ 51 dollars

Most common operation after opening a trade is to place the Stop Loss Order and TP Order, These are abbreviated as S/L & T/P. There is likely no other operation to setup after this only to monitor the trades within the platform workspace after setting these two levels, the stop loss will close your order with a minimum loss & the take profit will close your trade at a reasonable profit.

To place this S/L & T/P, we shall RightClick anywhere within this Trade Tab, the part shaded grey, the following menu will appear, this is used to make changes to the current order that's open.

This will popup as:

Modify a Order on the MetaTrader 4 Platform

Menu has The following Options:

New Order - Put a new transaction
Close - Can close this transaction at current xauusd trading price
Modify or Delete - Can Modify the S/L & T/P, (order can't be deleted, delete is for pending orders that aren't yet executed)
Trailing Stop - Set a trailing Stop Loss Order
Profit - View profit as either pips or in dollars: depending on which option you favor.
Commission, Taxes, Comments, are additional columns which you as a trader can chose to show or hide by ticking/unticking(Checking/Unchecking) them.
Auto Arrange - Arrange charts according to alphabet, time of open, most profitable according to sorting by selecting a column of arranging priority, for examples "Time" column.
Grid - Show Grid or don't Show Grid, by Checking or Unchecking this option.

To Set TP Order and Stop-Loss Order, T/P & S/L we use the third option, "Modify or Delete", after clicking this the following panel will popup:

SL is placed at 250 points - 25 pips

TP is placed at 500 points - 50 pips

You can set this two points by selecting 250 & 500 on the part labeled points, the red part labeled copy is for Stop-Loss Order and blue part marked copy as is for Take-Profit Order as shown on the screenshot below.

After that press the wide red button marked modify to modify.

Modify a Order in MT4

The order then will appear as below, note that the S/L and T/P columns for our trade have now been updated as displayed below.

Take Profit Order and Stop-Loss Order Zones Shown on Meta Trader Platform

S/L & T/P Order Details Updated on the MetaTrader 4 Platform Transaction Panel

If you were to close the above transaction now, then the transactions will be updated as follows, to reflect that the transaction has been closed & the profit added to your account equity balance.

Gold Account Balance Updated on Meta Trader 4 Platform

Trading Account History

This is used to generate trade reports of trades that have been opened previously & have been closed. This is a record of all previous transactions.

Trade Reports Panel in MT4

On the examples above, there are currently no records on this trade history recorded. There needs to be a couple of closed transactions for this record to show some entries.

MetaTrader 4 Gold Transaction Recorded on MT4 Account History Transaction Tab

From the examples above, once our open order was closed the trade transaction was then recorded as an entry within the "Account History" of the MT4 Platform

MetaTrader 4 Account History Menu

Trading Account History Menu

This menu is displayed above and can be accessed by right-clicking anywhere within the account history panel. Last Four (commissions, Taxes, comments, Auto Arrange & Grid are used more for formatting purposes but not for trading in general, therefore we shall not look on these as they're self explaining)

following 6 options are Shown Below:

All History, Last 3 Months, Last Month or a Customized Period - all these options can be used to select the time period for which you as a trader want to generate the history of transactions.

Save as Report, Save as Detailed Report - This will generate a report of all transactions along with profit and loss calculation, draw down calculation, profit factor calculation, expected payoff factor of the system you use along with total number of profitable trades, losing ones, average loss per trade & the average profit per trade as shown below.

Generating Trade Reports of Your Account in MT4 Trader Platform

Save as Report

Save as Detailed Report

Saving detailed Reports of Trading Transactions History on Meta 4 Software

News Tab

This is the third option within the MT4 Terminal Window this panel is used to display a list of current news provided as a news feed by your trading broker. This is illustrated below:

XAUUSD News Stream on Meta Trader 4

Alerts Tab

This is used to set an alert for trading price when it gets-to a pre-determined level. For examples you may be using a Bollinger bands, an indicator that forms an upper boundary & lower boundary and you want to set an alert for trading price when it gets to any one of these regions.

For examples, in our above example we might want to put an alert for at 50 pips below the prevailing price, we shall open Alerts Tab, and right click to activate the menu below:

How to Put Price Alerts in MetaTrader 4

On the above panel window, select, Create & create one as follows:

Putting Price Alerts in MetaTrader 4 Platform

Put sound as the alert action, set symbol, set condition to set is when bid price is less than(Bid<-<) and put the value for example at 1.34730, choose the source of alert sound as above, (This is a sound file with extension Alert.wav), adjust time-out to Ten seconds & iterations at maximum of 50, then select OK to activate it.

Putting Price Alerts in MetaTrader 4

The above alert is then set & an alert will sound off once this price goes below this level.

By right clicking on this, the Alert Menu will provide options for adjusting it, deleting it or turning it off. You can download the MT4 & practice opening this option to see how you can put a new alert or delete the same or modify it.

Mailbox Tab

Mail-box is used to view messages which have been sent to you, to your Online software as shown below:

Mail Box in MT4

Gold Trade Signals Tab

Contains of a listing of Gold Signal Providers that traders can subscribe to through their MT4 Platform, this is pictured below, one can select any signal provider and click subscribe to get the signals.

MetaTrader 4 Signals Provided From MQL5 Website Direct to the Software

To learn more about MT4 MQL5 Signals, navigate to the MQL5 Trade Signals Page.

Code Base Tab

Code-Base contains a listing or a library of Expert Advisors that one can purchase from through their MetaTrader 4 platform and then use this Expert Advisors which are automated programs used to trade gold. These EA Bots are set up Expert Advisors on the traders MetaTrader 4 platform. To use these Expert Advisors (EAs) one has to activate automated trading option within their platform a topic explained in the next tutorial. The Code Base is illustrated Below:

MetaTrader 4 Expert-Advisors Provided From MQL5 Website Direct to the Software

To learn more about MT4 MQL5 Expert-Advisors, navigate to the MQL5 Expert-Advisors Page.

Experts Tab

Shows a list of all Expert Advisors that have been installed on the MT4 Platform, for Example the image below highlights two Expert Advisor Robots are installed on this trading platform. This option also shows the trading specifications of each Expert Advisor, these include trade settings such as TP Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the platform.

Automated Expert Advisors Installed in MetaTrader 4

Journal Tab

Tracks log in activities of the MetaTrader 4 & from which computer & the IP address of the PC computer used to log in to the platform.

This is more on the technical stuff and traders don't use this one a lot & therefore we shall not explain it here but you can look at this at your own free time, on your MT4 Platform.

Trade Gold Trading