MetaTrader Australia » charting

MetaTrader Tips – Setting Chart Scales

admin — Sun, 28 Mar 2010 05:53:45 +0000

You are able to manually set scale charts in MetaTrader by pressing F8 -> click the Common tab -> then select Scale fix. Related posts: MetaTrader Tips – Chart Templates Time saving tips for MetaTrader 4 – Templates MetaTrader Tips – Expert Advisor Back Testing MetaTrader Tips – Minimize Terminal Window MetaTrader Tips – Save [...] Related posts:

MetaTrader Tips – Understanding MetaTrader Charts

admin — Mon, 08 Feb 2010 06:47:55 +0000

The current price shown on an MT4 chart is the bid price. When looking at a price bar or candle, you must add the spread to the high bid price to know what the high ask price would have been, or add the spread to the low bid price to know what the low ask would have been.

If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop loss if you are taken out of the trade. For example with a stop loss of 1.4580 on the EURUSD once the chart reached 1.4578 (2 pip spread) you would be taken out of the trade at 1.4580. Your take profit would not trigger until the ask price hits. For example with a take profit of 1.4540 on the EURUSD once the chart reached 1.4538 (2 pip spread) you would be taken out of the trade at 1.4540. These examples are based on our spread shown under normal market conditions. Our spreads are not fixed and will fluctuate with news or other high / low volume conditions.

If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.

MetaTrader 4 Review

admin — Tue, 25 Aug 2009 04:39:49 +0000

MetaTrader 4 is a professional online trading software platform which is designed to help traders by providing them broker services in the Forex, Futures and CFD markets. It is stand alone software platform and no other platform is required while using this software. This software doesn’t operate on Windows 95. The platform is renowned worldwide for its high standards of business performance and is currently being used by over more than thousand companies.

Read the complete article here