Introduction to Metatrader 4

93172ee5b64d7cc505557c3cb0e0852f_1498321452_2175

MetaTrader 4 is the most widely used Forex trading platform in the retail Forex world today. It presents users with a multitude of tools which make trading easier, and provides a uniform interface for trading between different brokers. Perhaps MT4’s greatest functional attribute is that it can execute trading robots, called “expert advisors,” automatically without implementation by the user.

In this section we are going to examine the MT4 platform and discuss each of its functional uses.

Figure 1-1 shows the MT4 desktop when you first open it up.

Here is a picture of what the MT4 main screen looks like:

93172ee5b64d7cc505557c3cb0e0852f_1498321452_2175.gif

There are some key components of the MT4 platform that you should get familiar with in order to best learn how to use it.

Market Watch Window

The Market Watch Window allows you to view streaming Forex quotes in real time. You can select the Forex pairs that you would like to see in that window, by right clicking on it and selecting the symbols option.

Navigator Window

The navigator window allows you to have quick access to all of your Forex accounts, indicators, scripts and expert advisors.

Chart Window

You can view charts of various currency pairs on the chart window. You are able to view bar, line and candlestick charts. To view an indicator on the chart window, just drag an indicator from the navigator window to your chart. To load an expert advisor, just drag an expert advisor from the navigator window to your chart. More will be explained about this in further sections.

Terminal Window

The terminal window allows for you to view your open positions, the history of your trades, and your MT4 mail.

Lets take a closer look at each item on the screen and briefly discuss what its function is.

Latest Comment

  1. Commented by: Davidruins

    Long-Term Effects. earch our drug database. generic amoxil 500 mg
    Read information now. Read information now.

  2. Commented by: Davidruins

    safe and effective drugs are available. Best and news about drug. amoxicillin 1000 mg capsule
    Everything what you want to know about pills. Everything about medicine.

  3. Commented by: DennisExpok

    drug information and news for professionals and consumers. Actual trends of drug.
    generic clomid without insurance
    Comprehensive side effect and adverse reaction information. Everything information about medication.

  4. Commented by: Davidruins

    Medscape Drugs & Diseases. Commonly Used Drugs Charts.
    can i purchase generic clomid without dr prescription
    What side effects can this medication cause? drug information and news for professionals and consumers.

1 217 218 219 220 221 259

Latest Comment

Your email address will not be published. Required fields are marked *