No Result
View All Result
Markets
EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD XAU/USD
Central Banks
FED ECB BoE BoC BoJ SNB RBA RBNZ
Brokers
Wire Transfer Visa/Mastercard Paypal Fasapay Skrill Bitcoin
FCA Cysec CFTC NFA FSA
Forex Guide
Beginners Basics Technicals Fundamentals
Education
Forex Articles Forex School Forex Terms
Forex Strategies
5 Minutes 15 Minutes 30 Minutes 1 Hours 4 Hours Daily
Resources
Indicators Forex Ebooks MT4 MT5
Trading Tools
Live Charts Economic Calendar Fibonacci Calc Pivot Points
Mira FX
  • Markets
  • Education
  • Central Banks
  • Resources
    • Ebooks
    • Indicators
      • MT4 Indicators
      • MT5 Indicators
  • Brokers
    • Deposit Bonuses
    • No-Deposit
    • Demo Contest
    • Live Contest
    • Brokers News
  • Tools
  • Login
  • Deposit Bonuses
  • No-Deposit Bonuses
  • Demo Contest
  • Live Contest
  • Brokers News
  • Brokers
Mira FX
  • Markets
  • Education
  • Central Banks
  • Resources
    • Ebooks
    • Indicators
      • MT4 Indicators
      • MT5 Indicators
  • Brokers
    • Deposit Bonuses
    • No-Deposit
    • Demo Contest
    • Live Contest
    • Brokers News
  • Tools
Mira FX
  • Markets
  • Education
  • Central Banks
  • Resources
  • Brokers
  • Tools
  Latest
How To Install Metatrader 5 Custom Indicators May 9, 2022
Next
Prev

MetaTrader 4 Platform

Mira Team by Mira Team
July 17, 2020
in Forex School
Reading Time: 5 mins read

When MetaTrader 4 (MT4) opens, that is the opening page. We will see the different features of the platform.

Market Watch window

In this window, you can observe the list of the contracts quotes received by MT4. The EURJPY quotes have been established by the Market Maker.  The ones with the suffix “fx” mean that the quotes come from an interbank stream so, they feature variable spreads.

You will get this window with a right click on the quote:

This is the different features:

New Order: To enter in the market or fixing a pending order.
Chart Window: Open a new chart of the selected pair
Tick chart: Showing the tick chart of the selected pair
Hide: Hiding the selected pair
Hide all: Hiding all the charts
Show all: Showing all the available pairs
Symbols: See the symbols
Sets: Set lists of symbols and option to use them
High/Low: Add a column showing the High/Low during the day for each pairs.
Time: Add a column showing the last updated of the quote
Auto Arrange: Auto arrange the quote grid
Grid: show the grid
Pop up Price: Opening a pop up window of the quotes.

Data window

This window shows the trend information (open, high, low, close), date and hour of the BARRE???, and the indicators (customized indicators included). The show this window, go to View and select Data Window. Any pair information can be providing from this window. To do so, click on a pair, and slide it in the data window.

Navigator

This window gives you a quick access to different functions of the platform. You can see the list of functions has 5 sections:

–Accounts: List of available accounts
–Indicators: List of the available indicators
-Expert Advisors: List of the available expert advisors
-Scripts:  List of the available scripts

Each section has a proper menu (right click) which gives you the possibility to set the features properly.

Terminal window

This multitask window open you different features of the platform MT4. You will control your trading activity, watch the account history, schedule alerts, sending and receiving mails, and publishing the system journal.

1 – Trade section
This section shows the actual positions of your trades, especially the running and pending orders.

All the trading positions are charted this way:

Order: Ticket number of the order
Time: The time the order has been open (YYYY/MM/DD HH:MM format)
Type: Trade type like Buy, Sell for the running order and Stop, Sell Limit, Buy Stop, Buy Limit for the pending order.
Size: Number of lots traded
Symbol: Pair of currencies traded
Price: Price of the pair when you enter in the trade, different from the actual price.
S/L: Stop Loss Price (O if there is no S/L placed)
T/P: Take Profit price (O if there is no T/P placed)
Price: The actual pair price (different from the opening price described above)
Commission: Broker commission to pass the order.
Swap: Rollover value (or swap)
Profits: Here stand all the actual Profit or loss of your running order.

You can also via this window managing your trading activity. With a right click on any position line:
– open or close an order
– modify or cancel an order.
-Schedule trading stop
-Translate the profits in pips or USD
-Showing or hiding the commission column
– Auto arrange columns
-Showing or hiding the Terminal Window.

2. Account History section
In this section you can see the account history. With a right click on the top columns, you choose to see:

With a right click on any part of the line, you can define the request on the history :

-the all history
-History of the last 3 months
-the last month
-A special period that you configure
-Save a statement in a HTM format
-Save a detailed statement in a HTM format
-Showing or Hiding the commission column.
-Auto arrange the columns
-See or hide the grid

3. News Section

Its shows the last financial news live which have been published

4. Alert Section
This action concerns the information of the alerts you have created. Those alerts are made to point the market events. Thus, you can aford to leave your screen with been scared to miss anything because the plateform will inform you automatically if anything happens.

All the alerts are charted this way:

Symbol: which pair is concern by the alert?
Condition: The reason why the alert has been activated, it could be:
<BID>> The BID quote is above the specified value
<BID<> The BID quote is below the specified value
<ASK>> The ASK is above the specified value
<ASK<> the ask is below the specified value
<TIME=> The time corresponds to the specified value
Counter: The number of launch alerts.
Limit: The maximum amount of alerts launchable.
Timeout: The time remaining between each alert.
Event: Effect supposes to take place. That could be a sound alarm, application execution, or to send an e-mail.

With a right click on the top window, you will be able to:
-Create an alert
-Modify an alert
Cancel an alert
Enable on/off an alert. If it is turned off, the alert is not cancelled, it just won’t be launched.

5. Mailbox Section

The mailbox is supported by an intern mailing system. In this section, you can see all the emails coming to the platform. They are charted this way:

Time: Hour where the email has been received
From: Email sender
Headline: Subject of the email.
To read an email, you have to double click on the subject.

6. Journal section

This section is an historic of the trades actions and of the MetaTrader 4 platform while the session. The information is about the launch of the platform, the events happened during the session, including the trading action. You can only see the latest messages.

To read the older messages, right click in the window and select “OPEN”. This tool opens the log files of the platform registered in the /LOGS folder. The name of the files match with the time of the log under a YYYYMMDD.log format.

ShareTweetShareSendShareSend

Leave a Reply Cancel reply

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

Advertisement

Latest

How To Install Metatrader 5 Custom Indicators

How To Install Metatrader 5 Custom Indicators

MIRA TEAM - May 9 | Basic

Gross Domestic Product, First Quarter 2022

APR 28, 2022 | USD

The pound reacts to rising inflation like EM currency

Apr 13, 2022 | GBP/USD

NZD falls despite RBNZ rate hike

Apr 13, 2022 | NZD, RBNZ

GBP/USD is still falling and slowly approaching the lows

Apr 12, 2022 | GBP/USD

IMF: Dangerous Global Debt Burden Requires Decisive Cooperation

Apr 11, 2022
Advertisement
  • About
  • Advertising
  • Disclaimer
  • Contact
  • Privacy Policy
  • Terms & Conditions
Risk Warning: All information on this website, including any opinions, articles, charts, prices, news, data, Buy/Sell signals, reviews, research and analysis is provided as general market commentary and does not constitute any investment advice. Mira FX is not liable for any damage or loss, including but not limited to, any loss of investment, which may be based either directly orindirectly on the use of or reliance on such information. Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite. Do not invest more money than you can afford to lose. Note that the high level of leverage in forex trading may work against you as well as for you. Please seek advice of an independent financial advisor if you are not fully aware about the risks associated with foreign exchange trading. Forex trading on margin involves considerable exposure to high risk, and may not be suitable for all investors. Mira FX does not endorse any companies, products or services which are represented on Mira-FX.com The information on this website is subject to change without notice.
No Result
View All Result
  • About
  • Advertising
  • Central Banks
  • Contact
  • Disclaimer
  • Forex Brokers
    • Regulator
  • Index
    • Daily Forex Strategy
    • Forex Ebooks | Language: English
    • H1 Forex Strategy
    • H4 Forex Strategy
    • M15 Forex Strategy
    • M30 Forex Strategy
    • M5 Forex Strategy
  • Markets
    • EUR/JPY
  • Mira FX
  • Privacy Policy
  • Terms & Conditions
  • Tools
    • Economic Calendar
    • Fibonacci Retracement Calculator
    • Live Charts
    • Pivot Point Calculator

© 2022 Mira FX | Copying of materials is allowed only with the presence of an active link to a source page.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In