Getting Started with MetaTrader 4 Platform - Learn MetaTrader 4 Software - How to Guide for MT4
The following tutorials explain how to use the MT4 software, each guide is accompanied by numerous screen-shots so as to help traders to understand concepts explained & 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
- Login to an Account
- Printing Forex Charts
View
- Changing Language
- Tool Bars
- Connection Bars
- Charts Bar
- Market Watch Window
- Data Window
- Navigator Window
- MT4 Terminal Window
- Forex Strategy Tester
Insert
- Indicators Insert Menu
- Insert Line Studies
- Placing Channels
- Gann Lines
- Placing Fibonacci Lines
- Insert Shapes
- Placing Arrows
- Insert Andrew's Pitchfork, Cycle Lines, Text Label
Charts
- Indicators List
- Objects List
- Bar Chart
- Line Chart
- Candlesticks
- Time frames - Periodicity
- Saving a Template
- Grid, Volumes, Auto Scroll and Shift
- Zoom in, Zoom Out & Step by Step
- Setting Properties
Tools
- Place New Order
- History Center on Tools Menu
- Options Settings
- MetaEditor Custom Indicators
- MetaEditor Expert Advisors
Window Menu
Help Menu
Toolbars
Advanced Topics
- MQL5 Signals - Copy Top MT4 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 shows how to save a template or a trading system & also how to save a work space. The same buttons are also used to load the chart template on another separate trading chart. (click on these buttons to get options on your MetaTrader 4 software)
How to Save a Work Space, How to Save a Template - Forex Software Tutorials
The MetaTrader 4 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.
MetaTrader 4 platform Workspace
According to Forex trading platforms reviews, MetaTrader 4 is the most widely used Forex platform. This is because it is easy to learn & 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 & orders within the platform workspace
- Perform technical analysis
- Testing of strategies on practice demo accounts
- Coding of custom indicators & Expert Advisors for the purpose of automated forex trading.
- Provide statements of transaction history & a summary of profits/losses.
The MetaTrader 4 online trading platform which is also referred to as MT4, 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 MT4 platform interface. This information that is delivered in form of realtime quotes is then analyzed using technical tools which are provided within this online trading platform.
This is a free Forex platform that is provided for by online Forex brokers. You can download the platform from online brokers sites, 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 & start receiving streaming quotes.
The MetaTrader 4 has different window and chart panels, each designed to deliver a different type of market information, starting 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 trading platform.
