MT4 Basics for Traders
MetaTrader4, also known as MT4, is one of the most widely used trading platforms in the world. It’s easy to use and can help with your trading problems. It is well-known for its technical analysis and automated solutions. Both professional traders as well as amateur traders will find the trading platform flexible and convenient.
MetaQuotes launched this platform for traders in 2005. MT4 provides a variety of markets that allow you to trade and buy commodities, cryptocurrencies and CFDs.
MT4’s interface is easy to use and has a friendly user interface. The platform can be customized to your liking. The MT4 can automate trading by using the algorithm that you choose. The MT4 will open and close trades according to your custom settings.
Instructions for MT4
The platform is very easy to use, so you won’t need any extra guidance once you have it. The icons are all signed and well-organized. These are the basic tips to install and use this platform.
The.exe file is included with the platform.
After the file has been downloaded to your computer, run it.
After the login window opens, create a login and a password.
You can now create your own page on the MT4 platform.
To open the position, press the “Tools” button in the upper panel. When you’re ready, click “New order”. This will be the “Order” window. To simplify the process, press F9 on your keyboard.
Keep an eye on your positions and any pending orders.
Modify the positions that have been opened.
Your settings can be customized. You can draw the objects you want on your charts, add indicators, change the time frame, or add them.
Enable price alert;
See trading history
Do not forget to download your trading report and make further analysis of your actions.
Place an order
You have many options to automate the ordering process. These tools can be arranged first. Be aware of the features already in place:
Select the market where you wish to work;
This option is available only for CFDs. You can select how many contracts you want to deal with.
Profit. This tool is great for anyone who wants to limit profit. Enter the amount you wish to reach.
Stop loss. This is an essential tool for traders. You can stop a stock from losing its position completely by entering the sum. The platform will sell your stock for you if you enter the amount that you wish to stop.
To save your time, choose “instant execution”. The trade will be immediately placed on the market regardless of whether you choose to sell or buy. Select “pending order” to choose the trade level.
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Instant Execution Section
You can instantly execute your order and buy or sell. If you feel the stock will fall or you want to buy it, click “sell”. You can also allow deviations from the quoted price. If the quoted price changes unexpectedly, you can still start the trade by selecting “maximum deviation”.
Modify Your MT4
This platform is suitable for traders of all levels and skills. These tips will help you learn the basics of MT4. When you feel ready to give it a try, download the platform.