2MetaTrader 4MetaTrader 4 is a simple and easy to use trading program enabling access to the most advanced Forex trading tools.The program contains hundreds of technical analysis tools, advanced trading orders and many possibilities for customizing charts.In addition, you may add custom made automatic trading strategies and indicators.This guide will lead you, step by step, through the program, acquainting you with its various tools and the wide variety of trading alternatives.
3A standard trading window may look something like this The Trading windowA standard trading window may look something like this
4Market Display window This window displays the currency quotes : Pair – The currency pairSell - This column displays the selling ratesBuy - This column displays the buying ratesHigh – The highest rate since 22:00 GMTLow - The lowest rate since 22:00 GMTTime – The time when the last quote was receivedNew Order – selecting this option will lead to the order window where you can open a new position.You can add or remove the columns in the Market Status window by right clicking on the window area and selecting the desired optionShow all – if not all pairs appear in the window then you can add them by pressing Show all
5ToolbarThe toolbar contains the charts’ basic properties and the option to open various program windows.WindowsNew orderChartshiftChart typeTemplatesScrollDrawing linesYou may change the toolbar properties by choosing View, then Toolbar and selecting the desired option.Languages – enables you to change the languageTime period
6Charts and Technical Analysis Tools Opening a new chartIn order to open a new chart click on the desired pair in the Market Display window and while pressing the mouse, drag it to the chart window on the right.Another option:Select File from the menu in option New Chart. A menu with a list of pairs will open Select the desired pair1212121
7Charts and Technical Analysis Tools In the Charts window you can simultaneously display several charts and arrange them conveniently.To reduce or enlarge a chart – place the arrow on the edge of the chart, the arrow will become bi-directional, left click and drag the mouse in the desired direction.
8Charts and Technical Analysis Tools In order to open one of the charts to a full screen, double click the blue band on the top of the chart. To return to the chart screen, press the window and select the desired display.
9ToolbarThe toolbar contains the charts’ basic properties and the option to open various program windows.WindowsNew orderChartshiftChart typeTemplatesScrollDrawing linesTime periodYou may change the toolbar properties by choosing View, then Toolbar and selecting the desired option.
10Charts and Technical Analysis Tools OscillatorsUsing the Menu window you may add indicators to the chart:To open a list of indicators, press the plus sign on the left side of the word IndicatorsSelect an indicator from the list, double click it and drag it towards the chart.A window with different settings for the indicator will appear – you can change the settings.Press OK to display the indicator.2133
11Charts and Technical Analysis Tools Oscillators (cont.)After pressing OK (no. 4 on the previous slide), the selected indicator will appear on the chart.The program enables you to add and view several indicatsor together in the same window or in separate windows.In a similar way you can add additional indicators and averages from the list.
12Charts and Technical Analysis Tools Deleting indicatorsIn order to delete an indicator, you need to right click on one on the indicator lines and select the Delete Indicator option.
13Charts and Technical Analysis Tools Changing the look of the chartsYou can change the properties of the charts:Right click on the chart areaSelect PropertiesA properties window will open in which you can change the colors.12
14Charts and Technical Analysis Tools You can save the changes as a template and use it on other charts:Right click on the chart areaSelect TemplateSelect Save TemplateIn the window that opens, name the template and select Save.The Template is saved under the name you have given
15Charts and Technical Analysis Tools In order to activate the saved template in a new chart:Right click on the chart areaSelect TemplateSelect Upload TemplateIn the window that opens, select the template you created and press OpenThe Template will open with the design saved in the template
16The MetaTrader 4 Program If you have a question or request, don’t hesitate to contact the professional team at LION forexThe Lfx team wishes all its clients great success in their trading