You can place Stop Loss and Take Profit at the time of making a deal by filling in the “Stop Loss” and “Take Profit” fields in the “Order” window. Just click on the icon in the upper left corner of the graph, or simply press the Alt + T command. You can enter this order by choosing the “Pending Order” option in the Type box.Īnother way to open orders quickly is with the Trade Panel. Take Profit - close your position at this profit levelĪ Pending Order will open your trade when the price triggers predefined levels.Stop Loss - close your position at this loss level.Once you have decided to buy or sell at the current price, press the Buy or Sell buttons to open a long or short position.īefore you enter the market you can change the following details in the “Order” window: Market execution sends a request to fill your order immediately at the next available price. In MetaTrader 4, there are two ways of making deals: “Market Execution” and “Pending Order”. To open a new position, right click on a chart and select Trading, or simply press the F9 button. When you select a specific indicator, you can adjust its parameters according to your preferences.ĭo the following to include objects in the chart: In the indicators section, you can select your favorite indicator to use for your technical analysis, and apply it to a chart. If you want to keep visual settings of a chart, including the indicators you want to use, you can save and apply these specific settings on another chart by using the Template function. Alternatively, you can find this function by right clicking on the chart > Periodicity To configure the chart, just click on F8 and the window below will appear:Ĭhart periods can be amended in your toolbar. If you click on Chart Window, a chart in the default template will appear. Symbols – opens the window where you can hide/show the selected instruments.Show All – displays all available symbols in the “Market Watch” window.Hide All – hides all symbols from the list in the “Market Watch” window (if you have open positions or charts, the symbols will not be hidden).Hide – hides the specified symbol from the list in the “Market Watch” window.Tick Chart – shows the tick chart for the selected instrument.Chart Window – enables the chart of an instrument to be displayed.These are the options you are most likely to use: If you right-click on the desired instrument, the window below will appear. You can select which instruments will be visible by clicking Hide or Show. Some pairs are highlighted and some are not. If you are unable to see all the desired instruments on the list, simply press Ctrl + U, and a window with all pairs available will appear. The “Market Watch” window can be activated by the Ctrl+M key combination, or by using the View-> Market Watch menu sequence. To check your account balance and open positions, open your Terminal window (Ctrl + T) and select the “Trade” tab. In the File Tab, you will be able to login to a trading account as well as open a new chart. You will receive the server and login details in an email when your account is created. When logging into the account, you must select the appropriate server. With MetaTrader 4 installed on your computer, the first step is logging in. The tool is very versatile, and can be accessed by the user on the computer or on mobile devices, such as smartphones. Traders use it to view real-time currency prices, open or adjust orders, and get technical and fundamental analyses.
Meta trader software#
Developed in 2005 by MetaQuotes Software Corp., Metatrader is an electronic trading platform that allows the trader to view complete price charts and detect opportunities to buy and sell instruments with agility and effectiveness.
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