The How to Guide for MT4 Platform

How to Setup MetaTrader 4 Stock Index Trading Platform Lesson Tutorial

This MetaTrader 4 software step by step guide will explain how to guides for MT4 software.

How to Setup MT4

To setup MT4 software - download MT5 exe set-up file, Click setup & follow MetaTrader 4 setup instructions.

How to Log in to MT4 Platform

To trade with MetaTrader 4 Stock Index Platform you'll need to first of all enter stock index account details - the MT4 platform will prompt you to enter you stock index account details & you as a trader can use enter your stock index account login details by clicking the File tab on the MT5 platform at the tops left corner of MetaTrader 4 platform, then select the Login to Trade Account option and then enter your stock index account details - stock index demo account details for MT5 stock index practice account & stock index live account details for MT4 real stock index trading account.

How to Open a Stock Index Instrument on MT4

To open a Stock Index instrument go the MT4 Market Watch Window select the stock index instrument that you want to open and double click on the stock index instrument to open the stock index chart for this stock index instrument.

You can also tap the click to add button at the bottom of the MT4 Market Watch Window to add a stock index instrument that isn't listed on the Market Watch Widow.

How to Open a Stock Index Trade on MT4

To open a stock index trade on MT4 platform right click within the stock index chart and select the New Order Widow to open a buy or sell trade transaction.

A trader can also open the New Order window on the MT5 platform by clicking the MT4 shortcut key - F9, stock index traders can press F9 to open the New Order window panel.

From MetaTrader 4 New Order panel a trader can open a buy or a sell stock index trade by clicking the Buy by Market to open a buy stock index trade or clicking the Sell by Market to open a sell stock index trade. From this stock index new order trade window a trader can also specify the stock index lot size which they want to buy or sell.

How to Open a Buy Trade on MT4

To open a buy stock index trade sect the New Order panel in the MetaTrader 5 Platform by pressing F9, specify the stock index lot size you want to trade, click the Buy by Market Button Key to open a buy stock index trade in MetaTrader 5 Platform.

How to Open a Sell Trade on MT4

To open a sell stock index trade sect the New Order panel in the MetaTrader 5 Platform by pressing F9, specify the stock index lot size you want to trade, click the Sell by Market Button Key to open a sell stock index trade in MetaTrader 5 Platform.

How to Close a Stock Index Trade on MT4

Open MetaTrader 4 Terminal Window where open stock index trades are displayed in the MetaTrader 4 Platform by pressing MT5 shortcut Keys CTRL+T, then select the stock index trade that you want to close, then choose Close Order option - & this then opens a stock index Order window to close the stock index trade - click the yellow Close button key to close the stock index trade on MT4 platform.

How to Set Take Profit on MT4

Take Profit Level can be set when opening a new stock index trade in MetaTrader 4 platform. On the New Order window provided on the MT4 platform there is a field for Take Profit - this is where a trader will specify the take-profit level for their open stock index trade transaction.

Take Profit Level can also be set when modifying an already open stock index trade, to modify and set take profit for an open stock index trade - right click on trade that you want to modify on MT4 Terminal Window or on the Stock Index chart, Choose Modify Order, Choose Take Profit & set the Take Profit Level that you want for your open stock index trade transaction.

How to Set Stop Loss on MT4

StopLoss Level can be set when opening a new stock index trade in MetaTrader 4 platform. On the New Order window provided on the MT4 platform there is a field for Stop Loss - this is where a trader will specify the stop-loss level for their open stock index trade transaction.

Stop-Loss Level can also be set when modifying an already open stock index trade, to modify and set a stop loss for an open stock index trade - right click on the stock index trade that you want to modify in the MetaTrader 4 Terminal Window or on the Stock Index chart, Select Modify Order, Choose Stop Loss & set the Stop Loss Level you want for your open stock index trade transaction.

How to Place a Stock Index Pending Order on MT4

To place a stock index pending order open the New Order Window on the MT4 platform, then change the stock index order Type from Market Execution to Pending Order.

Stock Index traders can then choose the stock index pending order that they want to set, the pending trading orders are buy limit, buy stop, sell limit, sell stop.

The How to Guide for MetaTrader 5 Platform