XAUUSD Trading MT4 Transactions Tabs Panel
The MT4 XAUUSD Platform Terminal Window is mainly used for monitoring your xauusd trading balance, account equity and transaction reports mainly. There are other operations that can be set up on this panel but most of these are not oftenly used.
On the online xauusd trading platform MetaTrader 4 the Terminal Panel is shown below:
Terminal Window - MetaTrader 4 Online XAUUSD Platform
The Terminal Window has the Following Sub Menu or Tabs:
- Trade
- Gold Trading Account History
- News
- Alerts
- Mailbox
- Trading Signals
- Code Base
- Experts
- Journal
Let us look at each on its own:
Trade Tab
If you open a XAUUSD Trading on the MT4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The XAUUSD, open a sell xauusd trade order the following details will be recorded on this Trade Tab panel.
Trade Tab - XAUUSD Platform Trading Windows
From the above examples: trade details are illustrated above under column details marked
Order, Time, Type, Size, Symbol, XAUUSD Price, S/L,T/P, Commission, Swap, Profit
Order, - The trade number
Time, - The Time
Type, - The Type of order, Sell or Buy
Size, - Size of trade, 1 Standard Lot
Quote, - MetaTrader 4 Symbol
Open XAUUSD Price - 1.35185
S/L, - Stop Loss XAUUSD Order
T/P, - Take-Profit XAUUSD Order
Current XAUUSD Price
Commission, - Commission (no commission charged by this broker)
Swap, - no swap charged as per now, the trade has not stayed overnight
Profit - $51 dollars
Most common operation after opening a trade is to place the StopLoss Gold Order and Take Profit XAUUSD Order, These are abbreviated as S/L & T/P. There is likely no other operation to setup after this only to monitor the trades within the trading platform work-space after setting these two levels, stop-loss will close your trading order with a minimum loss & the take profit will close-out your trade at a reasonable profit.
To place this S/L & T/P, we shall Right Click anywhere within this Trade Tab, the part shaded grey, following menu will pop and appear, this menu is used to make changes to the current order that is open.
This will appear as:
Modify a XAUUSD Order on the MT4 Platform
Menu has The following Options:
- New Order - Put a new transaction
- Close - Can close this transaction at current gold trading price
- Modify or Delete - Can Modify the S/L & T/P, (order cannot be deleted, delete is for pending xauusd orders that are not yet executed)
- Trailing Stop - Set a trailing Stop Loss XAUUSD Order
- Profit - View profit as either pips or in dollars: depending on which option you favor.
- Commission, Taxes, Comments, are additional columns which you as a trader can chose to show or hide by ticking/unticking(Checking/Unchecking) them.
- Auto Arrange - Arrange xauusd charts according to alphabet, time of open, most profitable according to sorting by selecting a column of arranging priority, for examples 'Time' column.
- Grid - Show Grid or do not Show Grid, by Checking or Unchecking this option.
To Set Take Profit Gold Order and Stop Loss XAUUSD Order, T/P & S/L we use the third option, 'Modify or Delete', after clicking this the following panel will popup:
S/L is set at 250 points - 25 pips
T/P is set at 500 points - 50 pips
You can set this two points by selecting 250 & 500 on the part labeled points, red part marked copy is for Stop Loss Gold Order and blue part marked copy as is for Take Profit XAUUSD Order as shown on the screen-shot below.
After that press the wide red button marked modify to modify.
Modify a Order on MetaTrader 4
Order will then appear as below, note that S/L and T/P columns for our trade have been updated now as illustrated & shown below.
Take Profit Gold Order and Stop Loss XAUUSD Order Zones Shown on Meta Trader Platform
S/L & T/P Trading Order Details Updated on Meta 4 trader Platform Transaction Window Panel
If you were to close the above transaction now, then the transactions will be updated as follows, to reflect that the transaction has been closed & the profit added to your account balance.
XAUUSD Account Balance Updated on the MT4 Platform
Gold Trading Account History
This is used to generate trade reports of trades that have been opened previously & have been closed. This is a record of all previous transactions.
Trade Reports Window on MetaTrader 4
On the above example, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed transactions for this record to show some entries.
MetaTrader 4 XAUUSD Trading Transaction Recorded on MT4 XAUUSD Account History Transaction Tab
From the above examples, once our open order was closed the trade transaction was then recorded as an entry within the 'Account History' of the MT4 XAUUSD Platform
MetaTrader 4 XAUUSD Account History Menu
XAUUSD Trading Account History Menu
This menu is shown above & can be accessed by right-clicking anywhere within the account history panel. The last Four (commissions, Taxes, comments, Auto Arrange & Grid are used more for formatting purposes but not for trading in general, therefore we shall not look at these as they are self explaining)
The following 6 options are Shown Below:
All History, Last 3 Months, Last Month or Custom Period - all these options can be used to select time period for which you want to generate history of transactions.
Save as Report, Save as Detailed Report - This will generate a report of all transactions along with profit & loss calculation, draw down calculation, profit factor calculation, expected pay-off factor of the system you use along with total number of profitable trade transactions, losing ones, average loss per trade and the average profit per trade as displayed below.
Generating Trade Reports of Your Gold Account on MT4 Trader Platform
Save as Report
Save as Detailed Report
Saving detailed Reports of Trading Transactions History on Meta Trading 4 Trading Software
News Tab
This is the third option within the MetaTrader 4 Terminal Window this panel is used to display a list of current news provided as a news feed by your gold trading broker. This is shown below:
XAUUSD Trading News Stream in MT4
Alerts Tab
This is used to set an alert for gold trading price when it reaches a pre determined level. For example you may be using a Bollinger bands, an indicator that forms an upper boundary & lower boundary and you want to set an alert for gold price when it gets to any one of these regions.
For examples, in our above examples we might want to put an alert for at 50 pips below the current gold price, we shall open the Alerts Tab, and right-click to activate the menu below:
How to Set XAUUSD Price Alerts in MT4
On the above panel, select, Create & create one as follows:
Setting XAUUSD Price Alerts on MT4 Software
Put the sound as the alert action, set xauusd symbol, set the condition to set is when bid gold price is less than(Bid<-<) and put the value for example at 1.34730, select the source of alert sound as above, (This is a sound file with extension Alert.wav), adjust timeout to Ten seconds & iterations at maximum of 50, then choose OK to activate it.
Setting XAUUSD Price Alerts in MT4
The above alert is then set and an alert will sound off once this gold price goes below this level.
By right clicking on this, the Alert Menu will provide options for modifying it, deleting it or turning it off. You can download the MetaTrader 4 and practice opening this option to see how you can put a new alert or delete the same or modify it.
Mailbox Tab
Mail-box is used to view messages which have been sent to you, to your Online xauusd software as illustrated below:
Mail Box on MetaTrader 4
Gold Trading Signals Tab
Contains of a list of XAUUSD Signal Providers that traders can subscribe to through their MetaTrader 4 XAUUSD Platform, this is shown below, one can select any signal provider and click subscribe to get the trade signals.
MetaTrader 4 Signals Provided From MQL5 XAUUSD Site Direct to the Software
To learn and know more about MetaTrader 4 MQL5 Signals, navigate to the MQL5 XAUUSD Signals Page.
CodeBase Tab
CodeBase contains a list or a library of Expert Advisors that one can purchase from through their MT4 platform and then use this Expert Advisors which are automated programs used to trade xauusd. These EA XAUUSD Robots are set up Expert Advisors on the traders MT4 platform. To use these Expert Advisors (EAs) one has to activate automated trading option within their platform a topic described in the next tutorial. The Code Base is shown Below:
MetaTrader 4 Gold Expert Advisors Provided From MQL5 XAUUSD Site Direct to the Software
To learn and know more about MetaTrader 4 MQL5 Gold Expert Advisors, navigate to the MQL5 XAUUSD Expert Advisors Page.
Experts Tab
Shows a list of all Expert Advisors that have been installed on the MetaTrader 4 Platform, for Example the image below shows two EA XAUUSD Robots are installed on this xauusd platform. This option also shows the trading specifications of each Expert Advisor, these include trading parameters such as Take Profit XAUUSD Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the xauusd trading platform.
Automated Gold Expert Advisors Installed on MetaTrader 4
Journal Tab
Tracks log in activities of the MT4 & from which computer PC and the IP address of the computer used to login to the trading software platform.
This is more on the technical stuff and traders do not use this one a lot and therefore we shall not explain it here but you can look at this at your own free time, on your MT4 XAUUSD Platform.
