Putting metatrader indicators one over another in the indicators window

You can place several metatrader indicators or copies of one metatrader indicator, but with different parameters, in one window. View -> Navigator. We open the metatrader indicators menu, click on the necessary metatrader indicator by the left mouse button and drag and drop it in the metatrader indicators window. This method is quite approaches for indicators, which have an identical scale (for example, 0-100): Stochastic, RSI, etc.

The transaction from history on the chart.

View -> Terminal -> Account History. Click on the order, drag and drop it on the chart of the same instrument (if you drop it on the chart of another instrument, it will be substituted by the chosen one).

The order is displayed in form of arrows of opening and closing the order; it is connected by a section of trend line. Levels of Stop Loss and Take Profit are displayed on one vertical axis with open price.

If you drag and drop the order, pressing the “Shift” key, the whole trade history of this instrument (believe, it is very demonstrable) will be displayed on the chart.

Fast transition over the schedule.

You can use the fast metatrader navigation line for convenient positioning of the chart on necessary time (very convenient to use in full-screen mode, F11).

Disable auto scrolling of the chart. Press “Blank” or “Enter”. Write necessary value in the fast navigation line and confirm it by pressing “Enter”.

[time (hours:minutes)]
example: 12:00
[date]
example: 14.01.2007
[date] [time]
example: 14.01.2007 12:00

Symbol and period of the chart are changed in the same way.

[instrument]
example: FDAX
[period]
example: M15
[instrument],[period]
example: FDAX,M15

Arrangement of instruments in the metatrader terminal window

It is convenient to group charts in the metatrader terminal window (for example, yen pairs, metals, oil and gas, grain, etc.). If you opened many charts in your MT4, you can group them. In order to do it you should click on the instrument name by the left mouse button (below, where all open instruments in the form of a horizontal line are situated), and then drag and drop it in the necessary place on this line.

Metatrader Quotes window

By pressing F10 you open metatrader quotes window, those instruments, which you see in the “Market Review” window.

If you mark the item “Always on top” in the menu of this window, you can track quotes constantly, having moved them somewhere in a corner, so that the window doesn’t hinder work with other programs. The font and color gamma can be changed in the “Properties” contextual menu.

Metatrader Standard template

In order to make so that each new chart in the metatrader terminal is opened according to your options and preferences (color, indicators, type of chart, and so on) you should do the following. As a matter of fact, adjust those preferences and save the received template (Charts -> Template -> Save Template) as default.tpl.

Metatrader Lot size

By default, there are 13 variants of lot size (from 0.01 to 8) in drop-down menu at setting up an order. It does not mean you cannot choose the desirable lot. You should only edit the value according to the size you want to have, or to set defaults in options (Service -> Options -> Trade).

Crosshair

Press the middle mouse button or the combination of keys “Ctrl+F” for fast activation of the “Crosshair” object. This property can be very useful in full-screen mode.

Ruler

It is a very useful tool. You can quickly see the distance in points and the number of bars between two points on the chart. Activate “Crosshair” (press the middle mouse button), click in the necessary point by the left mouse button and move the crosshair to the second point. Numbers in line indicate the following: the number of bars / the number of points / bid in the second point.

Order modification

Double-click on the order in area, where stop-loss or take-profit is specified, for fast order modification, when the “Trade” tab is opened. Double-click in other area of the order will open the “Buy by market” window.

Market review – fast addition of instruments

In order to add an instrument in the “Market Review” window quickly, you don’t have to open the whole list and to search among hundreds of forex pairs, futures and shares. You just need to double-click in empty area, type a symbol manually in the appeared window, and press “Enter”. The instrument is in the list.

Close a part of position

You don’t have to close the whole position; it is possible to close the position only partially. In order to do it you should click on the “close position” item by the right mouse button, and type the size of a lot, required for close, manually.

Compression of the chart vertically

For this purpose you should move the mouse cursor to the right, in the area where price is shown, until the arrow becomes bidirectional. Grab the price and drag it downwards. Compression functions on all timeframes of the chart. Double-click in the area of price will return the chart in initial state.

Types of passwords in MT4

There are two types of passwords in MetaTrader: the password of trader (the main password) and the password of investor (viewing of open positions, account history, and balance without the rights to trade).

Distinctive features of the investor’s password: idle F9 key; the terminal does not react on clicking on positions; there are no items for controlling positions in the menu of the right mouse button on the “Trade” tab.

Change of trader’s password

Menu -> Service -> Options, the “Server” tab. Press the “Change” button, fill the “Current Password” field in the opened window, and also type the new password twice in corresponding windows below. The window is closed after pressing “Ок” at successful change of the password. If something is done incorrectly (for example, only one kind of symbols, mistake at repeated input of the new password) the terminal will not react and the window will not be closed. The password can be changed only when there is a connection to the server; the option does not work without connection to the network.

Change of investor’s password

The procedure is the same, but radio button should be set in the “Change the investor’s password” position.

Trailing stop

It works only when there is connection to the server. Trailing stop is activated only when the profit exceeded the given value; it will move after the price on the specified distance until the price makes retracement and closes position. The order with activated trailing-stop is marked by the “Т” letter in the left corner of the line in the “Terminal” window.

How to make a copy of line

For example, to draw the channel, it is enough to draw a trend line, double-click on it and drag it, holding the left mouse button and the “Ctrl” key. The received duplicate will be parallel to the basic line (well, almost parallel, there will be curvature on seniors timeframes; it is incurable “disease” of the Metatrader).

Chart picture

In order to save the current chart in form of a picture, you should choose the “Save as picture” item in the menu by the right mouse button, and then to choose required values from the offered ones.

Cancel of object removal

If you have accidentally removed any important line, don’t be upset. You just need to press “Ctrl + Z”, and this line will be restored.

If you have accidentally closed a chart with a full set of options, you can restore it from the menu File -> Open deleted.

Best regards,

BJF Trading group

http://iticsoftware.com

MetaTrader 4… It is widely known and unknown at the same time… Let’s consider those functions, which are available at our “work tool”, but which we either rarely use or do not know at all (in truth, few people read built-in help or other manuals).

Market review

Read article: How to Select the Right MT4 Dealing Firm

Right after installation, the Metatrader terminal often does not shows all instruments, accessible for trade, but only some. If you want to see the full list of possibilities, you should click the right mouse button and choose “Show all symbols” in the “Market Review” window.

Here, in the “Market Review” window, we can also change the arrangement of trading instruments in any desirable way. We just grab any currency or futures by the left mouse button and move it in the beginning of the list.

In order to reduce traffic, it would be better to remove unused symbols from the market review (there can be hundreds instruments, accessible for trade, and MetaTrader downloads quotes for each instrument). “Market Review” -> “Hide all symbols”. So only those instruments, on which charts are opened or there are open positions or pending orders, will remain in the review.

By choosing the “Symbols” menu, we can manually add in “Market Review” only those trading instruments, which we are going to use (double-click on the necessary instrument or by clicking on the “Show” button for the chosen instrument or the whole group). By the way, here we can see the time of trade and the expiration date (the date of change of delivery month under the futures). By pressing the “Properties” button, we can also get some additional information: margin rate for opening and maintenance margin rate, spread size for futures with spread, size and value of tick; and for forex instruments – size of spread and swaps rate.

You can remove a symbol manually: just click on it by the left mouse button and to press the “Delete” button (or choose the corresponding item in the contextual menu by the right mouse button).

In order not to keep all used symbols in the market review, you can divide instruments into groups and switch between groups whenever you want (for example, forex, futures, indexes, shares, etc.). You just need to hide all spare symbols and save the set.

Traffic saving: disable news in the terminal (Tools-> Options -> remove the tick in the “Enable News” line)

BJF Trading Group

http://iticsoftware.com