The How to Guide for MT4 Platform
How to Setup MT4 Bitcoin Platform Tutorial Guide
This MT4 software step by step guide will explain how to tutorials for MetaTrader 4 software.
How to Setup MT4
To setup MT4 software - download MT5 exe set-up file, Click setup & follow MT4 setup instructions.
How to Login to MT4 Platform
To trade with MetaTrader 4 Bitcoin Platform you'll need to first of all enter bitcoin account details - the MT4 platform will prompt you to enter you bitcoin account details & you as a trader can use enter your bitcoin account login details by clicking the File tab on the MT5 platform at the tops left corner of MetaTrader 4 platform, then select the Login to Trade Account option and then enter your bitcoin trading account details - bitcoin demo account details for MT5 bitcoin practice account & bitcoin live account details for MT4 real bitcoin trading account.
How to Open a Crypto Instrument on MT4
To open a Crypto Instrument go the MT4 Market Watch Window select the crypto instrument that you want to open and double click on the crypto instrument to open the bitcoin chart for this crypto instrument.
You can also click the click to add button at the bottom of MT4 Market Watch Window to add a crypto instrument that is not listed on the Market Watch Widow.
How to Open a Bitcoin Trade on MT4
To open a bitcoin trade in the MetaTrader 4 platform right click within the bitcoin chart & select the New Order Widow to open a buy or sell trade transaction.
A trader can also open the New Order window on the MT5 platform by clicking the MT4 shortcut key - F9, bitcoin traders can press F9 to open the New Order window.
From the MT4 New Order window panel a trader can open a buy or a sell bitcoin trade by clicking the Buy by Market to open a buy bitcoin trade or clicking the Sell by Market to open a sell bitcoin trade. From this bitcoin new order trade window a trader can also specify the bitcoin lot size which they want to buy or sell.
How to Open a Buy Trade on MT4
To open a buy bitcoin trade sect the New Order window panel in MT5 Platform by pressing F9, specify the bitcoin lot size that you want to trade, click the Buy by Market Button to open a buy bitcoin trade in MetaTrader 5 Platform.
How to Open a Sell Trade on MT4
To open a sell bitcoin trade sect the New Order window panel in MT5 Platform by pressing F9, specify the bitcoin lot size that you want to trade, click the Sell by Market Button to open a sell bitcoin trade in MetaTrader 5 Platform.
How to Close a Bitcoin Trade on MT4
Open the MetaTrader 4 Terminal Window where open bitcoin trades are displayed in MetaTrader 4 Platform by pressing MT5 shortcut Keys CTRL+T, then select the bitcoin trade you want to close, then select Close Order option - & this then opens a bitcoin Order window to close the bitcoin trade - click the yellow Close button to close the bitcoin trade on MT4 platform.
How to Set Take Profit on MT4
Take Profit Level can be set when opening a new bitcoin trade in MetaTrader 4 platform. On the New Order window provided on the MT4 platform there is a field for Take Profit - this is where a trader will specify the take-profit level for their open bitcoin trade transaction.
Take Profit Level can also be set when modifying an already open bitcoin trade, to modify and set take profit for an open bitcoin trade - right click on the trade that you want to modify in the MetaTrader 4 Terminal Window or on the Bitcoin chart, Choose Modify Order, Choose Take Profit and set the Take Profit Level you want for your open bitcoin trade transaction.
How to Set Stop Loss on MT4
Stop-Loss Level can be set when opening a new bitcoin trade in MetaTrader 4 platform. On the New Order window provided on the MT4 platform there is a field for Stop Loss - this is where a trader will specify the stop-loss level for their open bitcoin trade transaction.
Stop-Loss Level can also be set when modifying an already open bitcoin trade, to modify and set a stop loss for an open bitcoin trade - right-click on the bitcoin trade you want to modify in MT4 Terminal Window or on the Bitcoin chart, Choose Modify Order, Choose Stop Loss and set the Stop Loss Level you want for your open bitcoin trade transaction.
How to Place a Bitcoin Pending Order on MT4
To place a bitcoin pending order open the New Order Window on the MT4 platform, then change the bitcoin order Type from Market Execution to Pending Order.
Bitcoin traders can then choose the bitcoin pending order which they want to set, the pending trading orders are buy limit, buy stop, sell limit, sell stop.
The How to Tutorial for MT5 Platform
