How to Use MetaTrader 4 Software Platform
How to Use MT4 Software Platform
The following lessons explain how to use the MT4 platform, each guide is accompanied by numerous and many screen-shots in order and so as to help traders to understand concepts explained and make it easier to learn about this software.
Intro
File
- Registering a Demo Practice Account Procedure
- Open a Chart
- Opening Offline Chart
- How to Open a Deleted Chart
- Saving a Profile
- Log in to an Account
- Printing Charts
View
- Change Language
- Tool Bars
- Connectivity Bars
- Charts Bar
- Market Watch Window
- Data Window Panel
- Navigator Window
- MetaTrader 4 Terminal Window Panel
- Gold Simulator Strategies Tester
Insert
- Indicators Insert Menu
- Insert Line Studies
- Placing and Adding Channels
- Gann Lines
- Placing Fibonacci Lines
- Insert Shapes
- Placing and Adding Arrows
- Insert Andrew's Pitch-fork, 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 and Step-by-Step
- Setting Chart Properties
Tools
- Open New Trade Order
- History Center on the Tools Menu
- Options Settings
- Meta-Editor Custom Trading Indicators
- Meta Editor Automated Expert Advisors(EAs)
Window Menu
Help Menu
Tool Bars
Advanced Guides
- MQ5 Signals - Copy Top MT4 Traders
- Benefits MQL5.com Signals
- Signal Seller Advantages
- MQL5 Automated EAs
How Do I Set Technical Indicators
- Accelerator Oscillator
- AD Indicator
- Alligator Indicator
- ADX
- ATR Indicator
- Awesome Oscillator Indicator
- Bears Power Indicator
- Bollinger Bands Indicator
- Bulls Power Indicator
- Commodity Channel Index
- Demarker Indicator
- Force Index
- Fractals
- Gator Oscillator
- Heikin Ashi
- Ichimoku Indicator
- MACD
- Market Facilitation Index
- Momentum Trading Indicator
- Money Flow Index
- MA Envelopes
- Moving Average Indicator
- MA Oscillator
- OBV
- Parabolic SAR
- RSI
- Relative Vigor Index
- Standard Deviation
- Stochastic Indicator
- Volumes
- Williams Percentage Range
- Zigzag Indicator
Most popular search is how to save a work space in MT4, or how to save a trading system/template. Prior to beginning the guide, the screen shot below displays how to save a template or a trading system and also how to save a workspace. Same buttons are also used to load the trading chart template on another separate chart. (click on these button keys to get options in your MT4 software)
How to Save Work Space, How to Save Template
The MetaTrader 4 is part of the online gold market. The MetaTrader 4 software is installed on a client's computer.
The screen-shot below illustrates the user work-space of MT4.
MT4 Work Space
According to platforms reviews, MT4 is the most widely used platform software. This is because it is easy to learn and can do the following tasks.
The MT4 platform is installed on a trader's computer and it's intended to accomplish the following:
- Plot graphical Data about exchange rates in form of a grid/trading chart
- Receive and Get streaming exchange quotes from the brokers
- Perform trade operations: buying and selling of currencies
- Show the open trade positions and orders within the software work-space
- Perform trading analysis
- Testing of strategies on practice practice trade accounts
- Programming of custom indicators & Automated EAs for the purpose of automated gold trading.
- Provide statements of transaction history and a summary of profits & losses.
The MetaTrader 4 online platform which is also known as MetaTrader 4, is made to provide trading tools which can be used by traders to make buy/sell decisions. This gold platform provides quotes & streaming information about price movement drawn in the format of price charts. This info is delivered direct to the MT4 inter-face. This info that is delivered in form of realtime quotes is then analyzed/interpreted using technical tools that are provided within this online platform.
This is a free software which is provided by online brokers. You can download the trading platform from brokers websites, once you download it, you should then setup & set-up the platform on a PC computer which has an internet connection and then connect to your broker and begin receiving live quotes.
The MetaTrader 4 has different window & chart panels, each made to deliver a different type of market data, starting with the exchange rate quotes used to plot gold graphs to the market info panel, tool-bars for attaching trading indicators & the main menu bar used to navigate the software.
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