To maximize your potential and get the most out of using MetaTrader 4, there are certain tips you will want to follow when you are using it. Simply knowing all of the different controls is one of the most important things you can learn, such as the fact that the “enter” key can either open or close the fast navigation windows and escape closes all dialogue windows. When you familiarize yourself with all of the functions and buttons of this program, you will soon learn just how useful it is when trading stocks in the foreign exchange market. Once you begin to learn all of these things you will find out that minimizing your risk will become easier than ever before.
One of the most important tips to keep in mind involves the vertical zoom and re-scale. Any chart that you open in this program can be re-scaled vertically by simply moving the mouse to the upper right hand corner where the vertical axis is located, and dragging the cursor down, while still keeping the left button held down. If you wish to reset the chart and get it back to the original scale, all you will have to do is double click on it. This feature can be incredibly helpful when you are analyzing market data.
When using MetaTrader you will also want to know about the various indicators. In order to call the specific parameter set up windows, you will need to double click using your left mouse button. To call the context menu for the indicator, you will need to use the right button on your mouse. If you find that your screen is becoming too cluttered with multiple indicators, you will want to hit the Ctrl-I command to bring up the dialog window for all indicators. You will then wants to hit the Alt-E command on the indicator you wish to edit the properties for. Some of the properties for the indicators include parameters and colors.
If you wish to delete one from the entire chart, all you will have to do is hit the Alt-D command. To navigate the list, you will have to use the up and down arrows located on your keyboard. Once you start learning all of these commands and memorizing them, they will become second nature for you. Another common problem which some people have with this Forex MetaTrader is the objects section. Selecting an individual object is easy, because all you have to do is double click on or near it. Some of the different objects you can choose from include texts, line studies, and geometric shapes.
After you have selected the appropriate object, you will be able to left click and drag it anywhere you like. In order to open the object’s context menu, you will have to right click on it. The Ctrl-B command will effectively help you to clear away some of the clutter, which may occur as the result of multiple overlapping objects or indicators. It’s important to keep all of these tips in mind when you are using the program, because they will help you make your trading as efficient as possible.