How to Use MetaTrader 4 Platform
How to Use MetaTrader 4 Platform
The following guides explain how to use the MT4 software, each guide is accompanied by numerous screenshots so as to help beginner traders to understand the concepts explained & make it easier to learn about this online trading platform.
Introduction
File
- Opening a Practice Account Procedure
- Open a Stock Chart
- Opening Offline Chart
- Opening a Deleted Chart
- Saving a Profile
- Login to an Account
- Printing Stock Charts
View
- Changing Language
- Tool Bars
- Connection Bars
- Charts Bar
- Market Watch
- Data Window
- Navigator
- MT4 Terminal Window
- Stock 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 Stocks Indicators
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- ADX
- Average True Range Technical Indicator
- Awesome Oscillator
- Bears Power
- Bollinger Bands Technical Indicator
- Bulls Power
- Commodity Channel Index
- Demarker
- Force Index
- Fractals
- Gator Oscillator
- Heiken Ashi
- Ichimoku Kinko Hyo Technical Indicator
- MACD
- Market Facilitation Index
- Momentum
- Money Flow Index
- Moving Average Envelopes
- Moving Average Technical Indicator
- Moving Average Oscillator
- On Balance Volume
- Parabolic SAR
- Relative Strength Index
- Relative Vigor Index
- Standard Deviation
- Stochastic Oscillator Technical 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 screenshot below shows how to save a template or a trading system and 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 MetaTrader 4 software)
How to Save a Work-Space, How to Save a Template
The MetaTrader 4 is part of the online stock market. The MetaTrader 4 software is installed on a client's computer.
The image below shows the user inter-face of MT4.
MT4 Stock software Workspace
According to Stock trading platforms reviews, MetaTrader 4 is the most widely used Stock platform. This is because it's easy to learn & can do the following tasks.
The MetaTrader 4 Stock trading software 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 Stock brokers
- Perform trade operations: buying and selling of currencies
- Show the open transactions & orders within the Stock trading platform workspace
- Perform technical analysis
- Testing of strategies on practice practice accounts
- Coding of custom indicators and Expert Advisors for the purpose of automated stock trading.
- Provide statements of transaction history & a summary of profits/losses.
The MT4 online trading platform which is also known as MT4, is designed to provide technical tools that can be used by Stock traders to make buy or sell decisions. This stock platform provides online exchange 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 form of realtime quotes is then interpreted using technical tools that are provided within this online trading platform.
This is a free Stock platform which is provided for by online Stock brokers. You can download the platform from online brokers websites, once you download it, you should then setup & setup the platform on a Desktop PC computer which has an inter net connectivity & then connect to your broker & start receiving streaming quotes.
The MetaTrader 4 has different window and chart panels, each designed to deliver a different type of market data, starting with the exchange rate quotes used to plot currency graphs to the market data window panel, tool-bars for attaching indicators & the main menu bar used to navigate the trading platform.
