How Get Started With MT4 Oil Trading Software
The following guides explain how to use the MT4 crude oil trading platform, each tutorial is accompanied by numerous screen shots in order to help traders to understand concepts explained and make it easier to learn about this online oil trading platform.
Introduction
File
- Opening a Demo Account Procedure
- Open a Oil Trading Chart
- Opening Offline Chart
- Opening a Deleted Chart
- Saving a Profile
- Login to an Account
- Printing Oil Trading Charts
View
- Changing Language
- Tool Bars
- Connection Bars
- Charts Bar
- Market Watch
- Data Window
- Navigator
- MT4 Terminal Window
- Oil Trading 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 Oil Trading Chart
- Line Crude Oil Trading Chart
- Candlesticks
- Time frames - Periodicity
- Saving a Template
- Grid, Volumes, Auto Scroll and Shift
- Zoom in, Zoom Out and Oil Trading 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 Oil Expert Advisors
How to Place Oil Indicators
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- ADX
- Average True Range Indicator
- Awesome Oscillator
- Bears Power
- Bollinger Band Indicator
- Bulls Power
- CCI
- 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
The MetaTrader 4 is part of the online oil market. The MT4 software is installed on a client's computer.
The screen shot below shows the user interface of the MT4.
MT4 crude oil software Workspace
According to oil trading platforms reviews, MT4 is the most widely used oil platform. This is because it is easy to learn and can do the following tasks.
The MT4 oil trading software is installed on a oil trader's Desktop computer & it is intended to do the following:
- Plot graphical Information about exchange rates in form of a grid/chart
- Receive streaming exchange quotes from the oil brokers
- Perform oil trading transaction operations: buying & selling
- Show the open oil trading transactions & orders within the oil trading platform workspace
- Perform technical analysis
- Testing of strategies on practice demo crude oil trading accounts
- Programming of custom indicators & Expert-Advisors for the purpose of automated oil trading.
- Provide statements of transaction history and a summary of profits/losses.
This is a free oil platform which is provided for by online oil brokers. You can download the platform from online brokers websites, once you download it, you should then setup and setup the platform on a Desktop computer that has an internet connectivity & then connect to your crude oil broker & start receiving streaming quotes.
The MT4 online oil trading platform which is also referred to as MT4, is designed to provide technical tools that can be used by Oil traders to make buy or sell decisions. This oil platform provides online exchange quotes and streaming data about crude oil price movement drawn in the form of crude oil price charts. This information is delivered direct to the MT4 crude oil software interface. This information that is delivered in format of real-time quotes is then interpreted using technical tools provided for within this online trading platform.
The MT4 has different window and chart panels, each designed to deliver a different type of market data, starting with the exchange rate quotes used to draw oil trading graphs to the crude oil market data panel, tool-bars for attaching indicators & the main menu bar used to navigate the platform.
