Commodity Trading MetaTrader 5 Transactions Tabs Panel

The MetaTrader 5 Commodity Platform Terminal Window is mainly used for monitoring your Commodity MT5 account balance, MT5 account equity and transaction reports mainly. There are other operations that can be set up on this panel but most of these are not commonly used.

On the online commodity trading platform MT5 the Terminal Window Panel is illustrated below:

Terminal Window - MT5 Online Commodity Software

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

1. Trade
2. Commodity 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 Commodity Trading on the MT5 Platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Commodity Trading, open a sell commodity trade order the following details will be recorded on this Trade Tab panel.

Trade Tab - Commodity Trading Platform Trading Windows

From above example we have opened a Sell Commodity Trading: trade details are illustrated above under column details marked

Order, Time, Type, Size, Symbol, Commodity Trading 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, - commodity Symbol, Commodity Trading

S/L, - Stop Loss Commodity Trading Order

T/P, - Take-Profit Commodity Trading Order

Current Commodity Trading 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 Commodity Order and Take-Profit Commodity Trading Order, These are abbreviated as S/L and T/P. There is likely no other operation to setup after this only to monitor the commodities trades within the trading platform work-space after setting these two levels, stop-loss will close your order with a minimum loss and take profit will close your it at a reasonable profit.

To place this S/L & 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 the menu used to make changes to the current order that has been opened.

This will appear as:

Modify a Commodity Order in MetaTrader 5 Software

Menu has The following Options:

1. New Order - Put a new transaction
2. Close - Can close this transaction at current commodity trading price
3. Modify or Delete - Can Modify the S/L & T/P, (order can't be deleted, delete is for pending commodity orders that are not yet executed)
4. Trailing Stop - Set a trailing Stop Loss Commodity Trading Order
5. Profit - View profit as either pips, term commodity trading or deposit currency: 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 commodity charts according to alphabet, time of open, most profitable according to sorting by selecting a column of arranging priority, for examples 'Time' column.
8. Grid - Show Grid or don't Show Grid, by Checking/Unchecking This MT5 option.

To Set Take Profit Commodity Trading Order & Stop Loss Commodity Order, T/P & S/L we use 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 & 500 on the part labeled points, the red part marked copy is for Stop Loss Commodity Order and blue part marked copy as is for Take Profit Commodity Order as shown on screenshot below.

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

Modify a Order on MetaTrader 5 commodity Software

Order will then appear as below, note that the S/L & T/P columns for our trade have been updated now as illustrated & shown below.

Take Profit Commodity Trading Order & Stop Loss Commodity Trading Order Levels Shown on Meta commodity trader Platform

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

If you were to close above trade now, then trade transactions will be updated as follows, to reflect that trade has been closed & the profit added to your MetaTrader 5 account balance.

Commodity Trading Account Balance Updated on the MT5 Software

Commodity Trading Account History

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

Trade Reports Panel in MT5

On the above example, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed trade transactions for this record to show some entries. Let us see what happens when we close our open position of commodity.

Commodity Trading Closed Transaction Recorded in MT5 Commodities Trading Account History Transaction Tab

From above examples, once our open commodity order was closed the transaction was then recorded as an entry within the 'Account History' of the MT5 Commodity Trading Platform

MetaTrader 5 Commodities Trading Account History Menu

Commodities Trading Account History Menu

This menu is shown above and can be accessed by right-clicking anywhere within the MT5 account history panel. Last Four (commissions, Taxes, comments, Auto Arrange and 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 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 trade transactions along with profit & loss calculation, draw down calculation, profit factor calculation, expected pay-off 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 shown below.

Generating Trade Reports of Your Commodity Account on MT5 Trader Platform

Save as Report

Save as Detailed Report

Saving detailed Reports of Transactions History on Meta Trading 4 Commodity Trading Software

News Tab

This is the third option within the MT5 Terminal Window this panel is used to display a list of current news provided as a news feed by your commodity trading broker. This is shown below:

Commodity Trading News Stream in MetaTrader 5

Alerts Tab

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

How to Set Commodity Trading Price Alerts on MetaTrader 5

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

Setting Commodity Trading Price Alerts on MT5 Software

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

Setting Commodity Trading Price Alerts in MT5

The above alert is then set and an alert will sound off once this commodity trading price of Commodity Trading 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 MT5 & practice opening This MT5 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 commodity software as illustrated below:

Mail Box in MetaTrader 5

Commodity Trading Signals Tab

Contains of a list of Commodity Trading Signal Providers that traders can subscribe to through their MT5 Commodity Trading Software, this is illustrated and shown below, one can select any signal provider and click subscribe to get the trade signals.

MetaTrader 5 Signals Provided From MQL5 Commodity Trading Web Site Directly To The Software

To know more about MT5 MQL5 Signals, navigate to the MQL5 Commodity Trading Signals Page.

CodeBase Tab

CodeBase contains a list or a library of Automated Commodity Expert Advisors that one can purchase from through their MT5 Commodity Platform & then use this Automated Commodity Expert-Advisors which are automated programs used to trade commodity. These EA Commodity Bots are set up Automated Commodity EAs on the traders MT5 Commodity Trading Platform. To use these Automated Commodity Expert-Advisors (Expert-Advisors) one has to activate automated trading option within their platform a topic explained in the next tutorial. The Code Base is shown Below:

MetaTrader 5 Automated Commodity Trading EAs Provided From the MQL5 Commodity Trading Web Site Directly To The Software

To know more about MT5 MQL5 Automated Commodity Trading Expert Advisors, navigate to the MQL5 Commodity Trading Automated Expert-Advisors Page.

Experts Tab

Shows a list of all Automated Commodity Expert-Advisors that have been installed on the MT5 Platform, For Example the image below shows two Expert Advisor Commodity Bots are installed on this commodity platform. This MT5 option also shows the trading specifications of each Expert-Advisor, these include trading parameters such as Take Profit Commodity Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the commodity trading platform.

Automated Commodity Trading Automated Expert Advisors Installed in MetaTrader 5

Journal Tab

Tracks login activities of MT4 and from which Desktop computer PC and IP address of the Desktop computer PC used to login to the trading software platform.

This is more on the technical stuff & traders don't 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 MT5 Commodity Trading Platform.