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When you add a stop-loss or a take-profit order at the time you open a trade, the order levels will by default be expressed in absolute market levels. Once you have added a stop or a limit order in this way, you can then go to the Trade tab in the Terminal window CTRL T to open or close this window and right-click on the trade you are interested in and choose Modify or Delete Order.

This opens an Order window that will now allow you to amend your order levels in terms of point not Pips away from the current market price. Changing the Volume of a Trade-in MetaTrader 4. The volume of trade refers to the size of the trade-in terms of the number of lots. As earlier mentioned, when you open a trade, you need to specify a value in the Volume field of the Order window.

Once you have opened a trade in a certain market, you can add to the volume or the position size by opening a further position in the same direction on the same market at a new price of courseor you can reduce the volume by part-closing your position. Trading Company Stocks in MetaTrader 4. An easy way to see a list of share CFD prices in MT4 is to open the Market Watch window CTRL M to open and close.

Trading CFDs on shares with MT4 is a little different from trading Forex. From the list, if you want to open a price chart, right-click on the Symbol that you re interested in and select Chart Window. Alternatively, to see a list of share CFD prices, you can click on Window at the top of the MT4 platform and select New Window and then Share CFDs. This will give you a list of shares that you can trade.

When you have the share of your choice in a chart window, just click on New Order on the toolbar to open an Order window. From there, you choose your trade size and whether to deal at the market or work a limit or stop order. You may not see the share that you are interested in displayed within the Market Watch window. How to add stocks and other assets to MetaTrader 4. That is why you need to know, which is so simple. Use the shortcut CTRL U and look for the Share CFDs folders in the navigation tree.

For example, you want to add the German company Allianz. You would expand Share CFDs EU and then select ALV Allianz SE. To add to the list displayed in Market Watchyou would just have to click Show and then Close. The desired price would now appear as the last listed item in the Market Watch window, and that is how to add CFDs to MetaTrader 4. Just open the Market Watch window shortcut CTRL M. Right-click within the window and select Symbols shortcut CTRL U.

Look for the folders called Cash Indices in the navigation tree. Expand them to reveal the available stock index CFDs as shown in the illustration above. To add any to your Market Watch window, simply select it and then click Show. Click Close when you have finished with the Symbols window, and your new instrument will appear at the bottom of the Market Watch window. This is very similar to the process described above for CFDs on shares and indices. For example, you want to add Gold and Silver to MetaTrader 4.

Use the shortcut CTRL U to open the Symbols window. Look for the Spot Metals folders. Expand the Spot Metals 1 folder to reveal GOLD and SILVER. Select whichever one you want to add and then click Show and Close. The specified instrument will now appear at the bottom of the price list in the Market Watch window press CTRL M to open and close the Market Watch window. Adding Currency Pairs in MetaTrader 4. Is there a particular currency pair that you want to trade, but cannot see in Market Watch.

You can use the shortcut CTRL U to open the Symbols window and look through the navigation tree for any currency pairs that you want to add. To add a pair, simply click on the symbol and click Show and Close. To display all instruments available for trading, right-click in the Market Watch window and select Show All. See your added currency pair at the bottom. Section 3 How to Navigate In MetaTrader 4. This is the longest section.

How to Show Terminal on MT4. Iqoption deposito minimo Trade History on MT4. Viewing Open Trades on MT4. Showing Trading History on a Chart. Checking How Much Money you have for trading on MT4. Withdrawing Money from MetaTrader 4 Changing the Color of Trade Levels. Changing the Chart Background. Installing MetaTrader 4 Indicators. Adding a downloaded indicator to MetaTrader 4. Turning Off an Indicator. Finding WMA. Adding Templates to MetaTrader 4. Drawing a Short Line.

Making Trend Lines Permanent. Copying a Trade on MetaTrader 4. Making the Screen Larger. Showing pips. Setting Alerts. Enabling Email Alerts. Updating MetaTrader 4. Changing the Timezone. Selecting Your Server. Marking the Days. Restoring MetaTrader 4 to Default. Refreshing MetaTrader 4. Resetting MetaTrader 4. Finding Your MetaTrader 4 Account Number. Speeding up MetaTrader 4. Setting Up an EA. Installing Scripts. Programming in MetaTrader 4. Making an Artificial Neural Network for MetaTrader 4.

Getting a News Feed. Showing Terminal in MetaTrader 4. The terminal window shows at the bottom of the MT4 platform. You can view trade history in MT4 via the Terminal window. In the Terminal window, click on the Account History tab. Right-click anywhere within this window and you will see a menu providing you with options All HistoryLast 3 Monthsand Last Month. You can also choose to save a Detailed Report. Showing Trade History in MetaTrader 4. The Detailed Report includes all the trading information you might need, such as price, size, MetaTrader 4 trade execution time, and profits and losses.

To print your account history within MetaTrader 4, choose Save as Report or Save as Detailed Report. This will save the report as an HTML file. If you open the file, it will open in your web browser. In your web browser, click the Edit tab and choose Select All or use the shortcut CTRL A. Once you have selected all, right-click and choose Copy. Now, open a word processing application, such as Microsoft Word or Google Docs, and paste the copied data.

Showing Trading History on a Chart in MetaTrader 4. You can then format the account balance data as you wish, and you can then print. Click on a trade in the window and drag it to a chart window. The chart will now display the instrument of the trade, and the opening and closing levels will be marked on the chart with small arrows, joined by a dashed line. You can display a trade from your account history directly on a chart in MT4.

Open the Terminal window and select the Account History tab. Holding the cursor over the arrows makes the trade information appear as hover text. Viewing Open Trades in MetaTrader 4. You can view open trades by using the Terminal window. To see your open trades, click on the Trade tab. Checking How Much Money you have with MetaTrader 4. To check the balance of your trading account, open the Terminal window, and select the Trade tab.

Your Balance will be displayed along with Equity and your amount of Free Margin. Withdrawing Money from MetaTrader 4. To withdraw money from Olymp Trade MT4. Just click on the deposit button and you will get a redirect to the Olymp Trade Meta trader cabinet. Click on the withdrawal tab, pick your preferred method of payment, the amount you d like to withdraw then click send. Your money should be with you in a few minutes to 5 days depending on the wallet you withdrew to.

Changing the Color of Trade Levels in MetaTrader 4. MT4 will display levels on a price chart for any open trades you have. By default, these levels show as a green dotted line for entry-level and a red dotted line for both a stop-loss level and a limit take-profit level. Changing any other colors in MT4 is completed by accessing Properties. Trade level colors are no exception. Right-click on your price chart and select Properties. You can then customize the color of the stop levels.

You can also choose to turn these order-level lines off entirely. To do this, choose Tools from the menu bar at the top of the platform and then select Options. In the Options window, uncheck Show trade levels if you wish to switch this function off. Changing the Chart Background in MetaTrader 4. This, like any color function in MT4, is also controlled from the Properties section.

Right-click to open Properties and select the Colors tab. Choose the background color from the list that appears. You can then customize it to your liking. MT4 comes with a large number of core trading indicators. You can, however, expand the number of indicators available in your trading platform by installing custom indicators. The easiest way to expand your list of indicators is by installing MetaTrader Supreme Edition MTSE. MTSE is a custom plugin for MetaTrader 4 and MetaTrader 5, developed by industry professionals, with a handpicked selection of additional indicators and trading tools that boosts the capabilities of your MetaTrader trading platform.

Find the MT4 file that you have downloaded and copy it to your clipboard. Then, on MT4, go to File and select Open Data Folder. From the resulting window, open the MQL4 folder and then the Indicators folder. Paste your copied indicator into this folder. The new custom indicator should now appear in your list of indicators in the Navigator. Turning Off an Indicator in MetaTrader 4. To turn an indicator off, use the shortcut CTRL I to display your list of indicators.

Select the indicator you want to turn off by clicking on it and then click on the Delete button. In Olymp Trade MT4 you can just click on the insert tab then navigate indicators to find all the popular available indicators on Olymp Trade. Finding WMA in MetaTrader 4. A weighted moving average or WMA is a type of moving average and therefore can be found as part of the Moving Average Indicator in MT4. Adding a downloaded indicator in MetaTrader 4.

First, add the MA indicator to your chart by double-clicking on Moving Average in the Indicators folder of your Navigator. This opens a dialogue window in which you set the indicator s parameters. MA Method dictates which type of moving average you ll be using. Selecting Linear Weighted gives you a Linear Weighted Moving Average LWMA. You can customize the look of a chart in MT4. Right-click on your chart, select Properties and then click on the Colors tab. From there, customize the colors of the background, the foreground, your up and down candles, and so on.

You might want to save the look and feel for future use. You do this by saving it as a template. Right-click on your chart again and this time, choose Template and then Save Template. Once you have saved a template, it is very easy to add it to a new chart. To do so, right-click on your chart and choose Template and then Load Template. The Olymp Trade MT4 version isn t so detailed and only has three chart types to choose from.

Drawing a Short Line in MetaTrader 4. Drawing trend lines to charts is a very useful tool. When you use the Draw trend line tool the button with the diagonal line on the toolbar it by default draws a line that extends to the far right of the screen. There may be times, however, when you just want a shorter line instead. To do this you need to turn off your line s Ray behavior. Do it in the following quick steps. Double-click on your trendline this puts the line into edit mode.

Right-click on the line and choose Trendline properties. In the Trendline window, select the Parameters tab and uncheck Ray. Now, you will have short trendlines. Making Trend Lines Permanent in MetaTrader 4. Do you want a trendline on a certain currency pair to re-appear the next time you look at that pair. You have to save your work as a template.

To achieve that, do either of these two things. Click on Chart from the menu bar at the top of the platform and then Template and then Save Template. Right-click on your chart and from there choose Template and then Save Template. If you close MT4 and find that you want your analysis lines again, all you have to do is go to Template and this time, click on Load Template. Select the filename you saved your templates under, and all your saved trendlines will re-appear.

You can trade on MetaTrader 4 on more than one account at the same time, replicating trades exactly on all of them. Let us find out. Wondering how. Let us first see how to use multiple accounts in MetaTrader 4. To use multiple accounts, install several versions of the MT4 platform on your computer, and assign a different destination folder for each one. Log in to each account, using a differently located version of MT4 for each account. To be able to copy trades, each account needs to be configured to allow automated trading and to allow linking to dynamic libraries.

To do this, click on Tools at the top of the platform and then select Options. The last thing is installing a trade-copying program for MT4. You will find many MetaTrader 4 trade copying programs if you search the MQL5 Website. From the Options window, choose the Expert Advisors tab and check the boxes for Allow Automated Trading and Allow DLL imports. Using a copying Expert Advisor is, therefore, a method of linking your existing account to another computer.

Making the Screen Larger on MetaTrader 4. There is so much space on your screen to display the various windows you have open in MT4. Closing certain windows can then cause the remaining windows to enlarge. For example, closing the Navigator window will cause a price chart to increase in size by taking up the newly-created space. Use the shortcut CTRL N to toggle the Navigator window on and off. Similarly, you can use the shortcut CTRL T to toggle the Terminal window on and off.

Scaling in on MetaTrader 4. Zoom in and out on a chart by using the and keys. Scrolling in MetaTrader 4. Use the cursor keys to scroll left and right on a chart in MT4. The Page Up and Page Down keys will fast scroll to the left and right, respectively. Showing pips in MetaTrader 4. By looking in the Trade tab in the Terminal window CTRL T to open and closeyou can monitor your running profit for your open trades.

By default, Profit is displayed in your deposit currency, but you can switch this to display as pips instead. To do so, right-click in the Trade window and select Profit. Then choose Points instead of Deposit currency. 10 points are equal to one pip with fractional pricing. Setting Alerts on MetaTrader 4. Choose the Alerts tab from the Terminal window CTRL T to open and close. Right-click anywhere in the Alerts window and choose Create.

Fill in the criteria for the alert, such as. Which market you wish to place the alert on. What Value that is, price. Which Condition to apply such as if the Bid is less than a certain price, or if the Ask is less than a certain price, etc. Enabling Email Alerts in MetaTrader 4. Use the CTRL O shortcut to open the Options window and click on the Email tab. Fill in the fields to configure. Which email server and address is being used for relaying the email alerts to you.

To which email address you want to ultimately receive the alerts. First, click Enable and then fill in the various fields. For the SMTP Simple Mail Transfer Protocol configuration fields, you may find that it is worth creating a Gmail account for the sole purpose of relaying these messages on to your existing email account. Ensure you click Test to check that it works before clicking OK. MT4 should automatically update itself to the latest version whenever a new update is released by MetaQuotes.

MetaQuotes is the software company behind the MetaTrader family of platforms. See which version of MetaTrader 4 you are running by clicking Help at the top of the MT4 platform and then select About. Changing the Timezone in MetaTrader 4. The timezone used in MT4 is driven by the broker that you use are you using Olymp Trade. You cannot change it locally on your device. That means that for you to change the time on MetaTrader 4, you will have to use a broker that uses a different timezone.

Selecting Your Server in MetaTrader 4. A popup appears which offers you a Server option, from which you can choose a different server. Marking the Days in MetaTrader 4. This allows you to mark days clearly on your hourly MT4 charts. Use the shortcut CTRL Y to show or hide separators. On a daily chart, the separators will mark the beginning of the month.

You can restore a chart to its default settings. Right-click on a chart and select Properties. From the Properties window, choose the Common tab and then click on the Reset button at the bottom. In case you wish to restore your whole platform to default condition, re-install MT4 on your device. Sometimes you may see gaps start to appear in chart data if you have MT4 open for a long time. This can be rectified with a simple refresh.

Right-click on the chart and select Refresh from the menu. Sometimes, you may have to go further and do a full manual reset of the chart data. Press F2 to open the History Center. Look through the directory for the instrument and time frame you wish to refresh. Double-click on the time frame and it will fill the window with data values. Select all the values by clicking in the first cell, holding the shift key, scrolling to the bottom, and clicking on the final cell. Click Delete and all the values will disappear apart from one row.

Click Delete again to remove this final row. Your chart will now say Waiting to Update. If it does not fully re-fill, try going to a different time frame and then back again. You may also have to right-click and choose Refresh. When the chart re-fills, it should cover any gaps in your data. There is an Accounts folder in the Navigatorabove the Indicators folder.

You will see the account number listed there. To see the account number that you are logged in with, go to the Navigator CTRL N to open and close. Getting a News Feed in MetaTrader 4. You can access the news feed in MetaTrader 4 via the Terminal window. Use the shortcut CTRL T to open or close the Terminal window and then click on the News tab. Many open charts that have been running for a long time can cause MT4 to run slowly if your device does not have enough free RAM available.

One solution to this problem is to reduce how much data is displayed in each chart. Do this by clicking on Tools on the menu bar at the top of the platform, then selecting Options or use the shortcut of CTRL O. Here, reduce Max bars in history and Max bars in the chart to smaller values. Regularly restarting MT4 and closing down any Expert Advisors that you are not using can also help mitigate problems of slowness.

Setting Up an EA in MetaTrader 4. Expert Advisors EAs perform automatic functions in MT4 as directed by their developer they are like trading and analysis robots. You can create an EA by opening the MetaEditor. When you wish the alert to expire. The quickest way to do this is by pressing F4 you can also right-click on Expert Advisors in MT4 s Navigator and then by selecting Create in MetaEditorand there is also an icon on the toolbar for this specific purpose.

In the MetaEditor, click New to launch the MQL4 Wizard, which will help guide you through creating a new Expert Advisor. Setting up an EA in MT4 is much the same as installing a custom indicator. However, you may find it easier to download and install an EA rather than creating your own. First, locate the file on your computer for the EA and copy it to your clipboard.

In MT4, go to File and select Open Data Folder. In the new window, open the MQL4 folder and then the Experts folder. The new EA should now appear in your list of Expert Advisors in the Navigator. Just click and drag it to a chart to start using it. Installing Scripts in MetaTrader 4. Purchased a commercially-available script.

Ensure you first read and follow any accompanying installation instructions. Adding a script is generally similar to installing an EA as described above. Copy the file to your clipboard. Click on the File tab, located at the top left of the MT4 platform, and then select Open Data Folder. Open the MQL4 folder and look for the Scripts folder. Open the Scripts folder and paste the copied file in there.

Programs for MetaTrader 4 can be iqoption deposito minimo using the MQL4 language. If you would like to learn about coding for MT4, the best place to start is the MQL4 Website. Paste your copied EA file into this folder and restart MT4. Are you familiar with the concept of Artificial Neural Networks. Do you have an aptitude with programming in the MQL4 language that MT4 uses.

Then you have the skills required to create an artificial neural network with MT4. You will need to use the Fast Artificial Neural Network Library FANN to create a network of neurons. You can then train them to understand market data and perform trading functions as part of an EA. I hope you enjoyed this guide on how to download and use the Olymp Trade MetaTrader 4 platform. The best iqoption deposito minimo to grasp these techniques is to go ahead and try them out for yourself using the Olymp Trade MetaTrader 4.

Begin with practicing on a Demo account where you do not risk any money. How then do you create an Olymp Trade MetaTrader 4 live account when you are ready. Go to the Olymp Trade MetaTrader 4 Website and follow the instructions. eu products for more information on custom charting for the Metatrader4 platform. This video illustrates the process of downloading history bars on the 1M chart for use with range bars and renko bars plug-ins. Backtesting range bar charts on Metatrader 4 This video demonstrates the way to perform back testing of range bar charts created by the Range Bar Plug-in for Metatrader4.

com Since the Binary Options Brokers do NOT provide any sort of useable charting service, you Binary Options Trading Winning Chart Indicator Setup Fibo Pivot v. v 9zUC6OYFRY4. eu renko-tick-chart-plug-in-for-metatrader4 Interested in 99 modeling quality, reliable, How to open modify charts on the MT4 platform Alpari teaches FX traders how to open and modify charts on the MetaTrader 4 terminal. By clicking on properties you can choose default color scheme and customize chart colors.

us traderush Traderush Charting Charting on the SpotOption platform is nowhere near the bad one but it s not the best one either. The fact is that, Binary. 5 thoughts on How to get more history in Metatrader 4 on the 1M charts. it doesnt work dude. Thanks man, finally my renko chart displays properly. even after restart liar. Im sure im dense on this why do we need history on renko charts i dont understand. How to install custom Indicator in MetaTrader 4 Platform step by step.

Below you will locate a brief explanation about what steps to take to best to put in an index. Additionally, there are hundreds and hundreds of indicators which allow you to create matters more straightforward to spot or view your own graphs. They are sometimes split into several classes fashion indicators, oscillators and volume signs and also a couple much additional.

Each one these indicators have parameters of efficacy, dependability, others and lagging. This guide assumes that you have opened a MetaTrader 4 platform chart. After the zip file is downloaded, just select the file and right click from mouse and click Extract All. 2 After click Extract, All same name unzip the folder to show on your system.

unzip custom indicator file. Indicators assist interpret your own graph or ensure it is simpler to comprehend the things that they symbolize. mt4 menu option. 5 Open MQL file and open Indicator folder. 3 Open this unzip the folder and see your main trading tool file is inside with proper name. 4 Open your MetaTrader4 platform, Open file from the top options and click Open data folder. After complete this all steps. and paste file custom indicator file there.

see how to use a custom indicator on your MetaTrader 4 platform charts. 1 Open your MetaTrader4 platform. 3 On the navigator, search your Custom Indicators for install in MetaTrader4 platform chart. 2 Locate the Navigator panelas below. 4 Double click the indicator and the Indicator Properties and set as per strategy rules like notification alertschange indication mark colours as per your think and ok to use. the custom indicator installation process is completed.

8 thoughts on How to install custom indicator in MetaTrader platform. What pairs you recommend. Any pair you can choose. I am looking at buying the full version but i need more confidence. You say its for any currency. I have set it up as guided for EUR USDGBP USD and USD JPY but would be interested in the others. Would i need to tweak the parameters for each currency or could the default functions work at a suitable success rate with the currencies.

you are most welcome matavin. all trading tools on forexinworld is absolutely free of cost. stay tune on forexinworld. you can test on demo trading accounts. com for more trading info. please explain MT5 platform installation process. mt4 is old platform. new generation using mt5. Actually MT4 and MT5 is both are similer. MT5 is upgraded version of MT4. you can use this all steps in MT5 platform Indicator installation process. Thanks for this valuable iformation. Metatrader 4 for PC.

Click this link to download the installation of Metatrader 4 files for PC. Run the file after you download it and you will see a screen like this. Read the license agreement. Carefully read and accept the Metatrader 4 License Agreement prior to installation. Select installation path. Or leave everything as it is setup by default. Downloads centre.

Install Metatrader 4. Click OK to start the installation. Have a bit of patience at this step please. The installation wizard will download the required files from Metaquotes Data Network and install them onto your PC. After the software is installed, run it. You will see this account opening screen. PLEASE skip it by clicking the Cancel button. After you skip the initial screen, please login to your MT4 account with your account number and password. This done, you can use Metatrader 4 on your PC.

Run Metatrader 4. Metatrader 4 Login in to Forex Trading Account. After you launch MetaTrader 4 for the first time, you will see screen like this. Next step, you have to fill in Authorization form. Login and password you can find in the e-mail Trading account details for trading account and Demo Account details for the demo account. PaxForex Trading account Details. PaxForex Demo Server for demo accounts. 11 - MT4 Login form. PaxForex Live Server for Live accounts.

Type your Metatrader Account login in Login field Type your Forex Trading account password in Password In field Server choose PaxForex Demo Server - for Demo Accounts PaxForex Live Server - for Live and Bonus Accounts Click Login button. In the bottom right corner you ll see label showing that your connection status is ok. If the authorization process was successful, you will be able to start trading on your demo trading forex account.

In case if you enter incorrect information login, password or choose incorrect server in the Authorization form, then in the bottom right corner will be shown the Invalid forex account label, see below. In case if you couldn t manage to solve the problem by yourself, PaxForex support team could help you. If for some reasons you don t have registered Forex Account, please press Cancel button in Authorization form.

And willing buttons below. How to switch between Forex Accounts. In field Server, choose PaxForex-Trading or PaxForex-Server. You can switch between demo and trading forex accounts at any time you want by selecting the main menu of MetaTrader 4 File - Login then enter login and password for forex account which you want to connect. Accounts Account Types Deposit Funds Withdraw Funds Forex Stocks Indices Spot Metals Cryptocurrency Promotions Platforms MetaTrader4 Mobile Trading MT4 Multiterminal MT4 Reviews MT4 Guide Trading Tools Education Guides Educational Videos Forex Calculator Forex Glossary Market Analytics Forex News Blogs Daily Trading Analysis Fundamental Analysis Economic Calendar Partnership CPA Plan Hybrid Plan Revenue Share Plan Copy Trading System Multi-Level System Refer A Friend Become A Partner About us Contact Us About PaxForex Reviews Feedback FAQ.

Phone 44 203 504 0303 FAX 44 0 844 507 0446. Support 24 5. PaxForex is a trading name of Laino Group Limited Which is Registered by FSA Financial Services Authority in St. Vincent the Grenadines Registration Number 21973 IBC 2014 1510, Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines. Risk Warning Please note that trading in leveraged products may involve a significant level of risk and is not suitable for all investors.

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Cookies are stored locally on your computer or mobile device. 10 - First start screen. This lesson is going to provide you with a tutorial of the basics of using the MetaTrader trading platform. MetaTrader Forex Trading Tutorial Setting up MetaTrader 4 for price action trading charts. How To Set Up MetaTrader Forex Charting Platform.

MetaTrader 4 MT4 is the most popular Forex trading platform and forex charting software in the world. I personally trade on this platform and I recommend my readers members use it too. As anyone who has followed me for a while knows, I trade and recommend New York close 5-day per week charts. The reason is that closing prices are the most important in the markets, and the New York close marks the end of the current Forex trading day and then the new day starts in Asia.

As the New York session is the most traded session behind London, it s important to see who won the battle between the bulls and bears at the New York close and as the current Forex trading day ends. You can download the correct 5-day New York close charts for free via this link New York Close Forex Charts Download. This tutorial is going to show you how to setup the MT4 platform for optimal price action trading, thus we won t be discussing any of the automated robot trading expert advisor functions of the platform as they are not a part of the price action trading strategies that I trade and teach.

After you read today s lesson let me know if it helped you, if you learned anything new about the MetaTrader platfom, or if you would like me to add any explanations to this tutorial next week you can contact me here. Navigating the MetaTrader platform The main windows. Below is a screen shot of approximately what your MetaTrader platform will look like when you first open it up.

Your charts will probably be black and green however, with a bunch of indicators all over them. We will discuss how to get your charts setup with a white background for clean price action forex trading in the next section. For now, let s cover the main functions of each window you see in the image below. 1 The first window at the very top is the Toolbars window, here you ll find many different icons that allow you to do many different things, we will cover most of these icons later on, for now just be aware of the toolbar window and that it is full of different tools and shortcuts for you to use.

2 The next window is the Chart window, this is obviously where you will see the current chart s you have open. 3 Next, see the Market Watch window on the upper left hand side of the screen. The market watch window lists all the markets available from your broker and gives you their real-time bid and ask prices. Note to unlock all markets offered by your broker, simply right click within the market watch window and then select the show all option.

There s a tick chart tab at the bottom of the market watch window, click on it and you ll see the current price activity of the pair you have selected in the market watch window, tick by tick, I don t really use this but thought I d just tell you what it s for real quick. To see which currency pairs I prefer to trade as well as an example of how you might want to populate your market watch window, check out my article on the best forex pairs to trade.

Below we can see the main windows of the MetaTrader platform. 4 Below the market watch window is the Navigator window. In this window you can see your account sas well as a variety of indicators, expert advisors and scripts both of which you can and should ignore. To learn why I don t use many indicators or trade with expert advisors, check out this article on forex indicators, and this one on forex robots.

5 Finally, the terminal window appears at the bottom of the screen and within it you ll find these six tabs Trade, Account History, News, Alerts, Mailbox, and Journal. You can go through each tab to get familiar with what it does. The trade tab is the most important as this is where your pending and open trades can be viewed. The account history tab contains all your account activity since you opened it, primarily deposits, withdrawals, and closed trades.

You can also generate detailed reports of your trading history here. Setting up your charts for clean price action trading. Next, we need to get our charts setup for optimal price action trading. You can customize your price charts in MetaTrader to reflect your own personal style and color preferences. I personally prefer a white background and black foreground for the cleanest and simplest approach.

Here s how to setup a clean white chart for optimal price action trading. 1 How to open a chart. There are three main ways to open a chart window on the platform. You can click on the file menu at the very top left of your screen and then click new chartor you can right click in the market watch window on the specific currency pair you want the chart for and then select chart window.

There s also a new chart icon in the toolbar, see the image below. 2 How to set chart properties. Once you ve got your desired chart open, you want to get it setup for clean price action trading. To do that, you just need to right click on the chart, and then select properties which is located at the bottom of the menu that appears, you ll then see this box appear.

Now, as you can see in the color scheme window there is actually already a black on white theme that you can use. My personal settings look a little different though, you can see them here. Note I have taken off the grid and volume functions. The common tab located to the right of the colors tab in the window above, allows you to select or deselect certain features, such as volume, grid, period separators, and others.

You can also change the chart to bar, candlestick or line chart in the common tab. It s pretty self explanatory so play around with it a bit to get more familiar with the options. 3 How to save your chart setup as a template. Once you ve adjusted your color scheme and other chart properties to how you want them, you have the option of saving your chart setup as a template, then you can easily apply the same properties to other charts. To save a template you can click on the Template icon in the toolbar and then select save templateor you can right click on the chart itself and then select Template and then save template.

You can also click on the Charts menu at the very top of your platform and then select Template. I ve also labeled a few other functions on the toolbar in the image above. We can see in the chart type box you can select bar, candlestick or line chart; we use forex candlestick charts in the members area. You can also see the function to zoom in and out of the current chart selected, as well as the time frame icon which goes from 1 minute chart up to monthly chart.

I personally never look at a time frame under the 1 hour, and my trading course and community is focused on teaching time frames from the 1 hour and above, with the primary focus being on the daily chart time frame. A cool tip about templates. To quickly open a new chart with the current open chart s template properties, simply select the market you want to see in the market watch window and then left click and slide it drag it over to the chart window containing the desired template.

That new market will automatically open in the existing chart window with same template properties. How to add moving averages and other analysis tools to you charts. I do implement the 8 and 21 daily chart exponential moving averages for trend analysis and to see dynamic support and resistance levels, note that I don t use them in the traditional indicator cross-over sense.

So let s discuss how to put these EMAs on your charts. The easiest way to do it is just to click the Indicators icon in the toolbar, then select trend then moving average. You ll then see this box appear. You can also add indicators by going to Insert at the very top of the platform and then clicking on indicators then trend then moving averagesthen the box above will appear. You want the period set to either 8 or 21, depending on which EMA you are putting in at the time, then iqoption deposito minimo MA method should be Exponential and Apply to close.

You can pick whatever colors make you feel happy, just make sure the colors of the 8 and 21 contrast nicely so you can easily tell them apart, I use red for the 8 day EMA and blue for the 21 day EMA. You can then save that particular chart setup with the EMAs as template. You can have a number of templates saved as you can see, then you can quickly go from one template to the next. I have one clean template setup see above with no EMAs and then one with the 8 and 21 day EMA. You can learn more about how I use the EMAs in my forex trading course.

I do not use any moving averages on the 4 hour chart. The other main analysis tools that I use are the horizontal line tool and the Fibonacci tool. They are pretty self explanatory, but with the Fibonacci tool I usually only have the 50 and 61. 8 level as those are the only ones I look at. Simple right click on the Fibonacci tool after applying it to your charts and then you can change its properties.

How to setup my 4 primary time frames in one market profile. To quickly see the 1 hour, 4 hour, daily, and weekly time frame in one window, you can do this. Open 4 new charts of the same currency pair and then use the time frame icon to set them to 1 hour, 4 hour, daily, and weekly. Now, go to the Windows menu at the top of the toolbar and select either Tile horizontally or Tile Verticallythey are both going to make your chart windows the same when you have 4 charts.

Now, once you get the 4 time frames setup, you can go to the File menu or click on the Profiles icon and save your current window arrangement as a profile. Cool tip If you want to you can save each market as its own profile and then quickly scroll from one profile to the next by clicking ctrl F5 at the same time, to see the previous profile press ctrl F6. Quickly iqoption deposito minimo multiple markets.

You can have as many different chart windows open as you want in MetaTrader, and you ll see at the bottom of the platform are tabs that allow you to quickly open a chart to analyze or edit it. You can open up a chart from the tabs at the bottom and then quickly change its time frame or template via the time frame and template icons in the toolbar that we ve already discussed above. These tabs make it easy to get a quick view of many different markets and this is the primary method I use to scroll between markets on MT4.

Now you know the basics of the MetaTrader 4 trading platform and how to get it setup for clean price action trading. If you want more instruction on how I trade with price action on the MetaTrader platform, check out my price action trading course and members community. Remember you can download the free MT4 Forex Charting Platform Here.

G day and good trading. 15 Comments Leave a Comment. Thanks Sir for teaching me. Your materials are very good for beginners like my myself. In fact I love them, I wish you are my mentor. I have 9 quotes on my meta screen but I would like the complete list how do I get this. Right click and select show all on the flashing price quote board. You can then drag and re order them by clicking and moving market up or down in the list.

How do I customize meta trader4 on my tablet without coming to reset every time I log in. Thank you and God bless you. you for this training. It is great for beginners. Good stuff I will bereading all i can and hope to be joining you soon Greeny. this is very helpful and i want to say thank you for helping us. Hi Nial, I realy appreciate you sending me the links for MT4, thank you very much. Thanks for the MT4 set up guidelines and tips one thing that is frustrating me is how to keep the tool bars as standard each time I open up MT4 when I set up my profiles or templates it does not seem to keep the toolbars and each time I open it up I have to click on view and then select the various toolbars I want there must be a simple thing I am missing, thanks.

Is there any chance you can add the template file you use save us setting up each individual component. Hi Nial This was really helpful. But I know nothing about the indicators. I m a newbie here. So I don t understand what the Fibonacci, horizontal line, and moving average are meant to do. Part 1 What Is Forex Trading.

A Definition Introduction Part 2 Forex Trading Terminology Part 3 Long or Short. Order Types And Calculating Profits Losses Part 4 What is Professional Forex Trading. Part 5 What is Fundamental Analysis. Part 6 What is Price Action Trading Analysis. Part 7 Introduction to Forex Charting Part 8 What Is A Forex Trading Strategy. Part 9 Common Forex trading mistakes and traps Part 10 What is Technical Analysis. Part 11 How to Make a Forex Trading Plan Part 12 The Psychology of Forex Trading Part 13 Professional Price Action Forex Trading Strategies Why Serious Traders Need New York Close Forex Charts How To Place Different Trade Entry Types Using MetaTrader Platform How To Set Up MetaTrader Forex Charting Platform How To Set Up Price Alerts In MetaTrader 4 5 Beginners Introduction To Japanese Candlestick Charts.

MetaTrader 4 is one of the best Forex trading platforms on the world and it s offered by the majority of brokers nowadays. But sometimes you ll find some problems with the platform such as displaying your local time instead of broker server time if your local time is different than broker server time. Unfortunately till now there is no straightforward way or a configuration option to easily switch the platform to use local time instead of server time but as you may know MT4 is easily extensible and programming gurus have already created any indicators which display your local time alongside broker server time in charts.

Since there is no standard way to solve the problem a lot of indicators exist and many of them plot unnecessary shapes on your charts which is not good for clarity and also for platform performance so you need to make sure to choose an indicator which is lightweight and performs the task cleverly or if you can develop in MQ4 language it is better to create your own custom indicator which can best satisfy your requirements.

If this is not an option. Author Ahmed Bouchefra. This list also will be updated for new indicators each time a good one appears. The first and easy solution. Find a broker that s in your time zone so in this way you don t need to look for a programmatic solution for displaying charts data according to your local time. The second solution. If your can write and understand MQL4 you can write a script ,indicator or better an expert advisor to display your local time alongside the server time in case it s different.

You can t replace or change the internal time that plots on time axis in MT4 but you can display local time above that axis just like in the screenshot below. You can use LocalTime function in MQ4 to write a script that plots your local time. The third solution. If you are not an MQ4 developer then the last option is to look for a free or buy an indicator which plots local time in MT4. Here are the ones i ve used before. Time indicator - indicator for MetaTrader 4.

This indicator displays your local time with server time on the chart but it doesn t displays time for every data unit just the time being. This is a very nice indicator for displaying time in different markets Local ,NewYork ,London etc. which you can get from this link and compile by yourself. Another indicator for displaying the start and end of trading sessions.

You can get it from this link. Here is the list of the best indicators that can show your local time in charts instead of broker time. mql4 by Gilani. An indicator which can be used to display the trading hours of each market. Get it from this link. You can set the shift from server time and the market you want to get its trading hours in blue.

For example for USA market. Maybe these indicators don t do exactly what do you expect but they are very helpful if you can t fully change the time axis into your local time. How to show local time in MetaTrader 4 or MT4 platform instead of server time. You can take your first steps with us. Study our materials in order to get ready to online Forex trading. Only with IFCM Group you can create and trade new financial instruments from a variety of available assets. Track prices of various assets on live charts, make analysis using their price history.

MetaTrader 4 MT4 platform is a popular trading platform allowing to perform trading operations and technical analysis on currency pairs and other financial instruments in the Forex market.

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