Trade Forex Trading

Learn Gold Trading for Beginners Tutorials

Placing Arrows on Gold Charts in MetaTrader 4

The arrows button on the MetaTrader 4 under the insert menu options is used to plot arrows on the gold charts within the MetaTrader 4 XAUUSD Platform. The arrow buttons is shown below.

Placing Arrows on XAUUSD Charts in MetaTrader 4 - XAUUSD Trading MT4 Place Arrows in MT4 XAUUSD Charts

Following arrows can be plotted on the MetaTrader platform under this arrow buttons option:

  1. Thumbs Up
  2. Thumbs Down
  3. Arrow Up
  4. Arrow Down
  5. Stop Sign
  6. Check Sign
  7. Left XAUUSD Price Label
  8. Right XAUUSD Price Label

Thumbs Up and Thumbs Down Arrows

Thumbs up and thumbs down button can be used on gold trading price chart to mark levels where traders can open trades & show levels where traders can close trade. Thumbs up & thumbs down arrows are shown below. As a trader to adjust the width, right-click on these arrows, select properties & select a different line width.

Placing Arrows on Gold Charts in MetaTrader 4 - Gold Trading MT4 Place Arrows on MT4 Gold Charts

Arrow Up & Arrow Down Arrows

The arrow up and arrow down arrows are used to show the levels where a trader opens a buy xauusd trade or levels where a trader opens a sell xauusd trade, these arrow button keys are shown below.

Placing Arrows on Gold Charts in MT4 - Gold Trading MT4 Place Arrows in MT4 Gold Charts

Stop Sign and Check Sign

The stop sign & check sign can also be used to mark points where a trader opens & closes a trade, for example the image below shows where a trader opened a buy xauusd trading & closed the trade.

Gold Trading MT4 Place Arrows in MT4 Gold Charts - Learn MetaTrader 4 Gold Trading Charts Technical Analysis Explained

Left Gold Price Label and Right XAUUSD Price Label

The XAUUSD Price labels are used to show gold trading prices on the specific level that these labels are set, the right gold trading price label will appear to the right side of the gold trading price while the left side will appear to the left side of the gold trading price as shown on the gold trading example displayed & illustrated & shown below.

Placing Arrows on Gold Charts on MetaTrader 4 - Gold Trading MT4 Place Arrows on MT4 Gold Charts

MetaTrader arrow buttons and gold trading price labels set on the gold trading price charts within the MetaTrader 4 platform.