Getting Started with MetaTrader 4 Platform - Learn MT4 Platform - How to Guide for MT4
The following tutorials explain how to use the MT4 platform, each guide is accompanied by numerous screen-shots so as to help traders to understand concepts explained and make it easier to learn about this online Forex platform.
Introduction
File
- Opening a Demo Account Procedure
- Open a Chart
- Opening Offline Chart
- Opening a Deleted Chart
- Saving a Profile
- Log In to an Account
- Printing Forex Charts
View
- Changing Language
- Toolbars
- Connection Bars
- Charts Bar
- Market Watch Window
- Data Window
- Navigator Window
- Meta Trader 4 Terminal Window
- Forex Simulator Strategy Tester
Insert
- Indicators Insert Menu
- Insert Line Studies
- Placing Channels
- Gann Lines
- Placing Fib Lines
- Insert Shapes
- Placing Arrows
- Insert Andrew's Pitchfork, Cycle Lines, Text Label
Charts
- Indicators List
- Objects List
- Bar Chart
- Line Chart
- Candle-sticks
- Timeframes - Periodicity
- Saving a Template
- Grid, Volumes, Auto Scroll and Shift
- Zoom in, Zoom Out and Step by Step
- Setting Properties
Tools
- Place New Order
- History Center on Tools Menu
- Options Settings
- Meta Editor Custom Indicators
- Meta Editor Expert-Advisors
Window Menu
Help Menu
Toolbars
Advanced Topics
- MQL5 Signals - Copy Top MetaTrader 4 Traders
- Advantages MQL5 Signals
- Signal Seller Advantages
- MQL5 Expert-Advisors
How to Place Indicators on Charts - How to Guide for MT4
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- ADX
- Average True Range Indicator
- Awesome Oscillator
- Bears Power
- Bollinger Band Indicator
- Bulls Power
- Commodity Channel Index
- Demarker
- Force Index
- Fractals
- Gator Oscillator
- Heiken Ashi
- Ichimoku Kinko Hyo Indicator
- MACD
- Market Facilitation Index
- Momentum
- Money Flow Index
- Moving Average Envelopes
- Moving Average Indicator
- Moving Average Oscillator
- On Balance Volume
- Parabolic SAR
- Relative Strength Index
- Relative Vigor Index
- Standard Deviation
- Stochastic Oscillator Indicator
- Volumes
- Williams Percentage Range
- Zigzag
Most popular search is how to save a work space in MetaTrader 4, or how to save a system/template. Before beginning the lesson, screen shot below portrays how to save a template or a trading system and also how to save a work space. The same buttons are also used to load the chart template on another separate chart. (click on these buttons to get options on your Meta Trader 4 software)
How to Save a Work-Space, How to Save a Template - Forex Software Tutorials
The MT4 is part of the online forex market. The MetaTrader 4 software is installed on a client's Desktop computer.
The image below shows the user interface of MetaTrader 4.
Meta Trader 4 trading software Work-Space
According to Forex softwares reviews, MetaTrader 4 is the most widely used Forex platform. This is because it's easy to learn and can do the following tasks.
The MT4 platform is installed on a trader's Desktop computer and it is intended to accomplish the following:
- Plot graphical Information about exchange rates in the form of a grid/chart
- Receive streaming exchange quotes from the Forex brokers
- Perform trade operations: buying and selling of currencies
- Show the open transactions and orders within the platform workspace
- Perform technical analysis
- Testing of strategies on practice demo accounts
- Coding of custom indicators and Expert-Advisors for the purpose of automated forex trading.
- Provide statements of transaction history and a summary of profits/losses.
The MT4 online software which is also referred to as MetaTrader 4, is designed to provide technical tools that can be used by traders to make buy or sell decisions. This forex software provides online exchange quotes and streaming data about price movement plotted in the form of price charts. This information is delivered direct to the Meta Trader 4 trading software inter-face. This information that is delivered in form of realtime quotes is then analyzed using technical tools which are provided within this online software.
This is a free Forex platform that is provided for by online Forex brokers. You can download the software from online brokers websites, once you download it, you should then setup and install the platform on a Desktop computer which has an inter net connection and then connect to your broker and begin receiving real-time quotes.
The MetaTrader 4 has different window and chart panels, each designed to deliver a different type of market info, beginning with the exchange rate quotes used to plot currency graphs to the market data panel, tool-bars for attaching indicators and the main menu bar used to navigate the software.