CFD MetaTrader 4 Transactions Tabs Panel

The MT4 CFD Platform Terminal Window is mainly used for monitoring your cfds trading account 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 cfds trading platform MetaTrader 4 the Terminal Panel is shown below:

Terminal Window - MetaTrader 4 Online CFD Platform

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

1. Trade
2. CFDs Trading Account History
3. News
4. Alerts
5. Mailbox
6. Trading Signals
7. Code Base
8. Experts
9. Journal

Let us look at each on its own:

Trade Tab

If you open a CFD Trading on the MT4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The CFD, open a sell cfd trade order the following details will be recorded on this Trade Tab panel.

Trade Tab - CFD Platform Trading Windows

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

Order, Time, Type, Size, Quote, CFD 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

Symbol, - MT4 Symbol

Open CFD Price - 1.35185

S/L, - Stop Loss CFD Order

T/P, - Take-Profit CFD Order

Current CFD 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 StopLoss CFDs Order & Take Profit CFD Order, These are abbreviated as S/L and 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 trading order with a minimum loss & 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 pop up and appear, this is used to make changes to the current order that has been opened.

This will appear as:

Modify a CFD Trading Order on the MT4 Platform

Menu has The following Options:

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

To Set Take Profit CFDs Order & Stop Loss CFD Order, T/P and S/L we use the third option, 'Modify or Delete', after clicking this the following panel will popup:

SL is set at 250 points - 25 pips

TP is set 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 CFDs Order & blue part marked copy as is for Take Profit CFD Order as shown on the screen-shot below.

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

Modify a Order on MetaTrader 4

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

Take Profit CFDs Order & Stop Loss CFD Order Zones Shown on Meta Trader Platform

S/L & T/P Order Details Updated on the MetaTrader 4 Software 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 balance.

CFD Account Balance Updated on the MT4 Platform

CFDs 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

On the above examples, 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.

MetaTrader 4 CFD Trading Transaction Recorded on MT4 CFDs Account History Transaction Tab

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

MetaTrader 4 CFDs Account History Menu

CFDs Trading Account History Menu

This menu is shown above & 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 at these as they are self-explaining)

The following 6 options are Shown Below:

All History, Last 3 Months, Last Month or Custom Period - all these options can be used to choose time period for which you want to generate 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 & the average profit per trade as displayed below.

Generating Trade Reports of Your CFDs Account on MT4 Trader Platform

Save as Report

Save as Detailed Report

Saving detailed Reports of Trading Transactions History on Meta Trading 4 CFDs 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 cfds trading broker. This is shown below:

CFD Trading News Stream in MetaTrader 4

Alerts Tab

This is used to set an alert for cfd price when it reaches a pre determined level. For examples you may be using a Bollinger bands, an indicator that forms an upper boundary and lower boundary and you want to set an alert for cfd 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 cfd price, we shall open the Alerts Tab, & right-click to activate the menu below:

How to Set CFD Price Alerts on MT4

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

Setting CFD Price Alerts on MetaTrader 4 Platform

Put the sound as the alert action, set cfd symbol, set the condition to set is when bid cfd price is less than(Bid<-<) and 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 CFD Price Alerts in MetaTrader 4

The above alert is then set and an alert will sound off once this cfd 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 MT4 & 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 cfds trading platform as shown below:

Mail Box on MT4

CFD Trading Signals Tab

Contains of a list of CFD Signal Providers that traders can subscribe to through their MetaTrader 4 CFD Platform, this is shown below, one can select any signal provider and click subscribe to get the trading signals.

MT4 Signals Provided From MQL5 CFD Web Site Directly To The Trading Software

To learn & know more about MetaTrader 4 MQL5 Signals, navigate to the MQL5 CFD Signals Page.

CodeBase Tab

CodeBase contains a list or a library of Expert Advisors that one can purchase from through their MT4 cfds platform and then use this Expert Advisors which are automated programs used to trade cfd. These EA CFD Robots are set up Expert Advisors on the traders MT4 platform. To use these Expert Advisors (EAs) one has to activate automated trading option within their platform a topic described in the next tutorial. The Code Base is shown Below:

MT4 CFDs Expert Advisors Provided From MQL5 CFD Web Site Directly To The Trading Software

To learn & know more about MetaTrader 4 MQL5 CFDs Expert-Advisors, navigate to the MQL5 CFD Expert Advisors Page.

Experts Tab

Shows a list of all Expert Advisors that have been installed on the MetaTrader 4 Platform, For Example the image below shows two EA CFD Robots are installed on this cfd platform. This option also shows the trading specifications of each EA, these include trading parameters such as Take Profit CFD Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the cfds trading platform.

Automated CFDs Expert Advisors Installed on MT4

Journal Tab

Tracks login activities of the MetaTrader 4 and from which Desktop PC computer and the IP address of the Desktop PC computer used to login to the trading platform.

This is more on the technical stuff and traders do not 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 CFD Platform.