The How to Guide for MetaTrader 4 Platform

How to Setup MetaTrader 4 Stock Index Platform Lesson Tutorial

This MT4 platform step by step guide will explain how to tutorials for MT4 software.

How to Setup MetaTrader 4

To setup MT4 platform - download the MT5 exe set-up file, Click install & follow the MT4 installation instructions.

How to Log in to MetaTrader 4

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

How to Open a Stock Index Instrument on MetaTrader 4

To open a Stock Index instrument go the MetaTrader 4 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 MetaTrader 4 Market Watch Window to add a stock index instrument that is not listed on the Market Watch Widow.

How to Open a Stock Index Trade on MetaTrader 4

To open a stock index trade on the MetaTrader 4 platform right click within the stock index chart & select the New Order Widow to open a buy or sell stock index trade.

A trader can also open the New Order window panel in MT5 software by clicking the MetaTrader 4 short cut key - F9, stock index traders can press F9 to open the New Order window.

From the MT4 New Order window 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 that they want to buy or sell.

How to Open a Buy Trade on MetaTrader 4

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

How to Open a Sell Trade on MetaTrader 4

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

How to Close a Stock Index Trade on MetaTrader 4

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

How to Set Take Profit on MetaTrader 4

Take Profit Level can be set when opening a new stock index trade on the MetaTrader 4 platform. On the New Order window provided on the MetaTrader 4 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.

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 the trade that you want to modify on the MetaTrader 4 Terminal Window or on the Stock Index trading chart, Choose Modify Order, Select Take Profit & set the Take Profit Level you want for your open stock index trade.

How to Set Stop Loss on MetaTrader 4

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

StopLoss 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 on the MetaTrader 4 Terminal Window or on the Stock Index trading chart, Choose Modify Order, Select Stop Loss & set the Stop Loss Level you want for your open stock index trade.

How to Place a Stock Index Pending Order on MetaTrader 4

To place a stock index pending order open the New Order Window on the MetaTrader 4 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 orders are buy limit, buy stop, sell limit, sell stop.

The How to Tutorial for MetaTrader 5 Platform