Trading terminals

mr.traderAugust 16, 2021

2 713

How to create a non-standard timeframe in the MetaTrader 4 terminal

The MetaTrader 4 trading platform is well respected by an army of millions of traders. Nevertheless, few people use the platform's functionality to the full 100%. Moreover, most traders are not even aware of all the features of MT4. We can talk about all the features of the terminal for a very long time, but it is not our purpose, because there are a lot of articles and tutorials on this topic. Let us focus our attention on some very interesting and useful features of MetaTrader 4, namely on how to create a non-standard timeframe in MetaTrader 4. Creating non-standard timeframe MetaTrader 4 provides traders with a set of nine standard timeframes....

Alexander KuryashkinAugust 29, 2020

0 1,388

Metatrader 4 vs Metatrader 5

Let's compare two trading platforms: Metatrader 4 and Metatrader 5 from MetaQuotes Software Corporation and try to answer these questions: What is the fundamental difference between Metatrader 4 and Metatrader 5? What has changed in the interface? What is better to use for trading? Let's answer these and other questions from the user's point of view and try to draw some conclusions. So let's begin. Technical question: the difference in details The first thing with which a trader associates the MT5 terminal - the update of the most popular MT4 platform and the transition to a better one with a better interface and functionality. But is it so? MetaTrader 5 and MetaTrader 4 are very similar platforms. As a rule brokers use...

mr.traderJuly 13, 2020

0 1,352

MetaTrader 4 cheat sheet

This article discusses the most commonly used actions with the MetaTrader 4 terminal. How to install advisor in MetaTrader 4? 1. Copy the Expert Advisor .ex4 file to the folder C:\Program Files\MetaTrader 4\experts\ (or the folder where MetaTrader 4 is installed) with the terminal closed. 2. Start MetaTrader 4. 3. Open "Navigator" window. 4. Press "+" to open "Expert Advisors" tab and find the installed Expert Advisor in the list of Expert Advisors. 5. To drag the Expert Advisor to the chart of required currency pair. 6. In the appearing window of settings of the advisor on the tab "General" check the point "Allow the advisor to trade" and click OK. 7. Press the "Advisors" button at the top of the terminal - it must become green. Smiley face of the Expert Advisor in...

mr.traderFebruary 24, 2020

0 1,949

Running two MT 4 terminals from one broker

We need to open two MetaTrader 4 terminals from the same broker, for example if you have two accounts with this company. One account you want to use for trading EAs and the other one you want to trade manually without being distracted by EA positions. What to do? After all, when you install a second terminal from the same brokerage company, the installer offers to just check the first installation? There is a way and it is very simple. Step by step instruction 1. Install the first terminal MetaTrader 4 as usual. 2. To start installation of the second MT4, run the installer, agree with everything and click "Next". You will be asked to choose installation directory. 3. In the directory selection line...

mr.traderJanuary 8, 2020

0 933

Set the Moving Average to another indicator in MT4

Not all traders know that indicators can be applied not only to the price chart, but also to other indicators. For example, it is possible to average not only the price value, but also indicators built on the price history. It helps to decrease the amount of false signals. Most often, moving averages (Moving Average) are applied to other indicators. It is done to smooth indicator readings for a more reliable signal. Applying MA to other indicators is quite common, but not everybody knows how to do it correctly. How to set the Moving Average to another indicator in MetaTrader 4? So in order to install МА indicator we should call indicator navigator: menu View...

mr.traderJanuary 8, 2020

1 415

What the detailed report from MetaTrader 4 will tell us

Due to the popularization of the trading terminal MetaTrader 4, the statistics of transactions is often found in an itemized form. To get it is quite simple: just right-click on the "Terminal" MT4 window and select "Save as detailed report". This is often very convenient, because all statistical data is in one document. Parameters of an itemized statement in MetaTrader 4 Opening any detailed report from MT4 we will see a lot of different points, let's see what they mean: - Gross Profit - total profit on trades with positive results; - Gross Loss - total loss on trades with negative results; - Total Net Profit -...