MetaTrader 4 XAUUSD Software Tutorial

MetaTrader 4 Data panel shows information about a instrument, for a specified candlestick period. For example the charts below, shows how to choose data window panel from the view menu options.(Ctrl+D is the short-cut key for displaying data panel without having to get it from the view menu)

Data Window - MetaTrader 4 XAUUSD Software

Once the data panel is selected it will show, the following information about a xauusd.

The following data for a xauusd is shown:

1. XAUUSD Trading Instrument
2. Date
3. Time
4. Open Price
5. High
6. Low
7. Close Price
8. Volume

This data will show information for a particular candle-stick, by scrolling your mouse over the candlesticks on a chart this data will change to reflect the price candle that the mouse has pointed at.

The data widow isn't popularly used in the MT4 Platform as compared to the other MetaTrader 4 xauusd chart windows. However as a trader you can use this data panel to extract and display information and data about any price candle and the prices associated with this candlestick such as the opening price data, closing price data and high & low of price.

Because most traders can obtain this information directly from the charts, then the traders might prefer to use information that is readily available on the Trading chart within the MetaTrader 4 platform software interface.

Another technique to get this data is to use the Cross Hair Mouse Pointer, To get the Cross Hair Mouse Pointer one only requires to press down & hold down the wheel mouse button & the cross Hair will appear. If your mouse doesn't have a wheel button, please go and buy another one so that you can trade the MetaTrader 4 cross hair. And from the Cross Hair one can get the price data as displayed below.

Cross Hair Tool - MT4 Software

From the Cross Hair above the vertical line will show data on the date for the current candlestick, the horizontal line will show price of the at that particular point on the chart. For the above example of XAUUSD Trading chart you can see that the date is 2013.10.31 4:00GMT and the Price is shown for the selected point. The Open, High, Low, Close and Volume as well as Date is Shown Just below the Charts tab at the bottom of the MetaTrader 4 Platform, Marked as O: H: L: C: V: therefore the cross hair is a shortcut method of viewing data instead of going to the Data Window of the MT4

A trader can even click one point, hold down the mouse & move the mouse to another chart level to measure the pip movement of trading price from point a to point on the Trading charts in the MetaTrader 4 Trading Software as Shown below.

Using Cross Hair Tool to Measure Pip Price Movement

Cross Hair Data Tool on MT4 Platform