Trade Forex Trading

Learn Gold Trading for Beginners Tutorials

Placing Arrows on Gold Charts in MetaTrader 4 XAUUSD Trading Platform

The arrows button on the MetaTrader 4 under the insert menu options is used to draw arrows on the gold charts within the MetaTrader 4 XAUUSD Platform. The arrow buttons is shown below.

Placing Arrows on XAUUSD Charts in MetaTrader 4 XAUUSD Trading Platform - Placing Arrows on Gold Charts in MetaTrader 4 Gold Trading Platform - Gold Trading MetaTrader 4 Place Arrows on MetaTrader 4 Gold Charts


The Following arrows can be drawn on the MetaTrader under this arrow buttons option:



  1. Thumbs Up
  2. Thumbs Down
  3. Arrow Up
  4. Arrow Down
  5. Stop Sign
  6. Check Sign
  7. Left XAUUSD Price Label
  8. Right XAUUSD Price Label


Thumbs Up and Thumbs Down Arrows

Thumbs up and thumbs down button can be used on gold price chart to mark levels where traders can open trades and show levels where traders can close trade. The thumbs up and thumbs down arrows are shown below. As a xauusd trader to adjust the width, right click on these arrows, select properties and select a different line width.

Thumbs Up and Thumbs Down Arrows on MetaTrader 4 XAUUSD Trading Platform - Placing Arrows on Gold Charts in MetaTrader 4 - Gold Trading MT4 Place Arrows on MetaTrader 4 Gold Charts


Arrow Up and Arrow Down Arrows

The arrow up and arrow down arrows are used to show the levels where a xauusd trader opens a buy xauusd trade or levels where a xauusd trader opens a sell xauusd trade, these arrow buttons are shown below.

Arrow Up and Arrow Down Arrows on MT4 Gold Trading Platform - Placing Arrows on Gold Charts in MetaTrader 4 - Gold Trading MT4 Place Arrows on MT4 Gold Charts



Stop Sign and Check Sign

The stop sign and check sign can also be used to mark points where a xauusd trader opens and closes a trade, for example the image below shows where a xauusd trader opened a buy xauusd trade and closed the trade.

Stop Sign and Check Sign on MetaTrader 4 Gold Trading Software Platform - Placing Arrows on Gold Charts in MetaTrader 4 - Gold Trading MT4 Place Arrows on MT4 Gold Charts


Left XAUUSD Price Label and Right XAUUSD Price Label

The XAUUSD Price labels are used to show xauusd prices on the particular level that these labels are set, the right gold price label will appear to the right side of the gold price while the left side will appear to the left side of the gold price as shown on the xauusd example shown below.

Left XAUUSD Price Label and Right XAUUSD Price Label on MetaTrader 4 XAUUSD Trading Software Platform - Placing Arrows on Gold Charts in MetaTrader 4 - Gold Trading MT4 Place Arrows on MetaTrader 4 Gold Charts

MetaTrader arrow buttons and gold price labels set on the gold price charts within the MetaTrader 4 gold trading platform.

 

Metals Trading Symbols

Precious Metal Symbols:
Gold - XAU USD and XAU EUR, Silver - XAG USD and XAG EUR, Platinum - XPT USD, Palladium - XPD USD

Metal Symbols:
Copper - XCU USD, Zinc - XZN USD, Lead - XPB USD, Nickel - XNI USD, Aluminium - XAL USD