Metal MetaTrader 4 Transactions Tabs Panel
The MT4 Metals Platform Terminal Window is mainly used for monitoring your metals 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 metals trading platform MT4 the Terminal Panel is shown below:
Terminal Window - MetaTrader 4 Online Metals Trading Platform
The Terminal Window has the Following Sub Menu or Tabs:
- Trade
- Metals Trading Account History
- News
- Alerts
- Mailbox
- Trading Signals
- Code Base
- Experts
- Journal
Let us look at each on its own:
Trade Tab
If you open a Metals Trading on the MT4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Metals, open a sell metals trade order the following details will be recorded on this Trade Tab panel.
Trade Tab - Metals Trading Platform Trading Windows
From the above examples: The trade details are illustrated above under column details marked
Order, Time, Type, Size, Symbol, Metals 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, - MetaTrader 4 Symbol
Open Metals Price - 1.35185
S/L, - StopLoss Metals Order
T/P, - Take-Profit Metals Order
Current Metals Price
Commission, - Commission (no commission charged by this metals trading expert 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 StopLoss Metals Order and Take Profit Metals 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 trading platform work-space after setting these two levels, the stop-loss will close your order with a minimum loss and the take profit will close your trade at a reasonable profit.
To place this S/L and T/P, we shall Right Click anywhere within this Trade Tab, the part shaded grey, the following menu will popup and appear, this is the menu used to make changes to the current order that has been opened.
This will popup as:
Modify a Metal Order on the MetaTrader 4 Platform
Menu has The following Options:
- New Order - Put a new transaction
- Close - Can close this transaction at current metals price
- Modify or Delete - Can Modify the S/L & T/P, (order cannot be deleted, delete is for pending metals orders that are not yet executed)
- Trailing Stop - Set a trailing Stop Loss Metals 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 metals 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 do not Show Grid, by Checking or Unchecking this option.
To Set Take Profit Metals Order and Stop Loss Metals Order, T/P & S/L we use the third option, 'Modify or Delete', after clicking this the following panel will popup:
SL Order is placed at 250 points - 25 pips
TP Order is placed at 500 points - 50 pips
You can set this two points by selecting 250 and 500 on the part labeled points, the red part marked copy is for Stop Loss Metals Order and blue part marked copy as is for Take Profit Metals Order as shown on the screen-shot below.
After that press the wide red button marked modify to modify.
Modify a Trade Order on MetaTrader 4 Platform
The order will then appear as below, note that S/L and T/P columns for our trade have been updated now as illustrated & shown below.
Take Profit Metals Order and Stop Loss Metals Order Zones Shown on Meta Trader Platform
S/L and T/P Trading Order Details Updated on the Meta 4 trader Platform Transaction Window
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 balance.
Metals Trading Account Balance Updated on the MetaTrader 4 Platform
Metals 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 Window on MT4 Platform
On the above example, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed transactions for this record to show some entries.
MT4 Metals Transaction Recorded on MT4 Metals Account History Transaction Tab
From the above examples, once our open order was closed the trade transaction was then recorded as an entry within the 'Account History' of the MT4 Metals Trading Software
MT4 Metals Trading Account History Menu
Metals Trading Account History Menu
This menu is shown above & can be accessed by right-clicking anywhere within the account history panel. The 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 are self explaining)
The following 6 options are Shown Below:
All History, Last Three Months, Last Month or a Custom Period - all these options can be used to choose the time period for which you as the trader wants to generate the history of transactions.
Save as Report, Save as Detailed Report - This will generate a report of all transactions along with profit & loss calculation, draw down calculation, profit factor calculation, expected payoff factor of the system you use along with total number of profitable trade transactions, losing ones, average loss per trade and the average profit per trade as displayed below.
Generating Trade Reports of Your Metals Account in MetaTrader 4 Trader Platform
Save as Report
Save as Detailed Report
Saving detailed Reports of Trading Transactions History on Meta Trading 4 Metals Trading Platform
News Tab
This is the third option within the MetaTrader 4 Terminal Window this panel is used to display a list of current news provided as a news feed by your metals trading broker. This is shown below:
Metal News Stream on MT4 Platform
Alerts Tab
This is used to set an alert for metals price when it reaches a pre determined level. For example you may be using a Bollinger bands, an indicator that forms an upper boundary & lower boundary and you want to set an alert for metals price when it gets to any one of these areas.
For examples, in our above examples we might want to put an alert for at 50 pips below the current metals price, we shall open the Alerts Tab, and right-click to activate the menu below:
How to Set Metals Price Alerts on MT4 Software
On the above panel, choose, Create and create one as follows:
Setting Metals Price Alerts on MT4 Platform
Put the sound as the alert action, set metals symbol, set the condition to set is when bid metals price is less than(Bid<-<) & put the value for example at 1.34730, select 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 choose OK to activate it.
Setting Metals Price Alerts on MT4 Platform
The above alert is then set and an alert will sound off once this metals price goes below this level.
By right clicking on this, the Alert Menu will provide options for modifying it, deleting it or turning it off. You can download the MT4 and practice opening this option to see how you can put a new alert or delete the same or modify it.
Mailbox Tab
Mailbox is used to view messages which have been sent to you, to your Online metals trading platform as shown below:
Mail Box on MT4 Platform
Metal Trading Signals Tab
Contains of a list of Metals Trading Signal Providers that traders can subscribe to through their MetaTrader 4 Metals Trading Software, this is illustrated and shown below, one can choose any signal provider and click subscribe to get the trading signals.
MetaTrader 4 Signals Provided From MQL5 Metals Website Directly To The Trading Platform
To learn more about MetaTrader 4 MQL5 Signals, navigate to the MQL5 Metals Trading Signals Page.
CodeBase Tab
CodeBase contains a list or a library of EAs that one can purchase from through their MT4 metal software & then use this EAs which are automated programs used to trade metals. These Expert Advisor Metals Trading Bots are set up EAs on the traders MT4 metal trading platform. To use these EAs (EAs) one has to activate automated trading option within their platform a topic described in the next tutorial. The Code Base is shown Below:
MetaTrader 4 Metals Trading EAs Provided From MQL5 Metals Website Directly To The Trading Platform
To learn more about MetaTrader 4 MQL5 Metals Trading EAs, navigate to the MQL5 Metal Trading EAs Page.
Experts Tab
Shows a list of all EAs that have been installed on the MetaTrader 4 Platform, For Example the image below shows two Expert Advisor Metals Robots are installed on this metals platform. This option also shows the trading specifications of each Expert-Advisor, these include trading parameters such as Take Profit Metals Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the metals trading platform.
Automated Metals Trading EAs Installed on MT4 Platform
Journal Tab
Tracks login activities of the MT4 and from which computer PC and the IP address of the computer PC used to log in to the trading platform.
This is more on the technical stuff and traders do not use this one a lot and therefore we shall not explain it here but you can look at this at your own free time, on your MT4 Metals Trading Platform.
