MetaTrader Australia » Charts

Time saving tips for MetaTrader 4 – Templates

MetaTrader Global — Thu, 17 Mar 2011 03:42:15 +0000

MetaTrader 4 has many features that can aid you save age during trading, today we are going to gaze at Templates and Profiles.

With Templates you will save a abundance of age by customizing all aspects of your charts, you can employ it for setting up different views of the chart, you can also load different sets of indicators and experts for each template.

You could have templates with different combinations of indicators and expert advisors and switch from one locate to another very quickly by just fair clicking on the chart on and then choosing the different template.

The best employ of templates is to locate up a Template with the designation default, if you have a template named default, MT4 will load the default template every age you open a fresh chart from the Market Watch window.

You can also open distinct customized charts and then save the collection of charts as a Profile. Prof iles can be used for example when you like to switch from a manual trading strategy where you have many indicators and chart customizations to an expert advisor trading style for when you are away from the machine.

Let’s go over the things that will be saved in a Template:

* Period: Is only saved for the default chart, if you applied a template to a open chart the period will not alter.

* Colors: You can alter the color of the chart background, Foreground, Grid , Bars, Volume, Inquiry lines and Stop levels by pressing F8 or fair clicking on the chart and choosing Properties, you will find the color settings under the COLORS TAB.

* Charts Parameters: You can alter the scale, auto-scroll, chart shift, type of bar/candle, OHLC, exhibit of the Inquiry Border, period separators , grid , volumes and more by pressing F8 or fair clicking on the chart and choosing properties, these settings will be under the COMMON TAB.

* Indicators: You can place any number of indicators and customize every indicator parameter.

* Expert Advisors: You can place an expert advisor on the charts and all its parameters on the Common and Inputs tabs will be saved.

Notice: Be very carefully when placing an expert Advisor on the default template, since every age you open a fresh charts that expert advisor will run immediately.

There are many more uses of templates and profiles, you can save age and avoid errors by using these techniques on your daily trading.

Get MYFX Console Free with AxiTrader

admin — Wed, 29 Sep 2010 23:14:55 +0000

TAKE ADVANTAGE OF THIS SPECIAL OFFER
BEFORE IT ENDS, 30th SEPTEMBER 2010

What is MYFX?

MYFX is a platform that attaches to MetaTrader 4 and gives you full trade controls that professional traders use.

If you are going to trade, then get the best platform to assist you. You can literally set-up your whole trading plan with MYFX, and then let it execute all of the open trades, set take profits at multiple levels, set your stop loss and take profit on the one order ticket (rather than having to modify the order after), close all trades with one click and so much more!

HOW DO I GET THE MYFX CONSOLE FOR FREE?

To take advantage of AxiTrader and our greatest promotion to date, you can follow the link below and open and fund a live trading account with $2000 or more. The MYFX console retails for USD$250 so take advantage and start trading right away!

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For a FREE trial version of the software, CLICK HERE and enter the code “AxiTrader” to receive a free 10 day trial of the MYFX Console.

Trade with confidence, trade with MYFX.

To contact MYFX visit their website
www.myfx.com.au

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 Tips – Chart Templates

admin — Thu, 26 Nov 2009 03:41:41 +0000

By using Chart Templates the chart background, bars colors, indicators and objects can be saved and used on other charts.

To do this, setup any chart as you wish: set colors, superpose objects, attach indicators, etc. Then select the “Charts -> Template -> Save Template…” menu and save the obtained template as default.tpl

MetaTrader Tips – Minimize Terminal Window

admin — Mon, 09 Nov 2009 02:03:37 +0000

Double left click with your mouse button on the “Terminal” window title bar to minimize it to the bar of the current account status.

This is a quick and easy way to add some additional space for the charts.

To restore, double-click in the minimized window or select the “Restore” command in the context menu.

Source: http://www.metatraderglobal.com/467/metatrader-tips-minimize-terminal-window/

Impressive Metatrader 5 Indicators

admin — Tue, 03 Nov 2009 04:44:48 +0000

A short time ago some traders posted first indicators and scripts for the Metatrader 5 platform written in the new MQL5 language. Two of them are really impressive and show the real power and new possibilities of MQL5.

1. Slideshow Indicator for Metatrader 5 (by Rosh)

This indicator will place custom background pictures behind the chart and rotate them every xx seconds. So now you can create your favorite theme background that maybe will help you to relax during intensive trading sessions.

To view the full article, please visit: http://www.metatraderglobal.com/388/impressive-metatrader-5-indicators/

Analytics in MetaTrader 5

admin — Wed, 28 Oct 2009 08:38:25 +0000

Analytics is one of the most important components of trading. Based on analytical data, a trader can decide what operation to execute, when to do it and the profit/loss of the trade. The MetaTrader 5 platform offers you wide analytical possibilities!

Charts

Charts constitute a work field for technical analysis. This is where dynamics of security quotes are featured, technical indicators and graphical objects are applied. The number of charts that can be used in a terminal is unlimited, and they can be positioned in any way. This enables traders to adjust their workplaces to their own needs.

Every chart can be individually set up. Traders can use the detailed setup of color schemes, displaying of additional data objects and scaling, which allows the configuration of every chart according to the needs of a certain analytical tool. For example, you can setup the displaying of separators for larger periods, the OHLS line, and the chart scaling for the adequate featuring of Gann tools.

To view the full article, please visit: http://www.metatraderglobal.com/377/analytics-in-metatrader-5/

Metatrader 5 Development – Interview with Stanislav Starikov

admin — Thu, 01 Oct 2009 02:45:08 +0000

The new Metatrader 5 platform and the MQL5 language are nearing the end of development and will be probably launched in fall 2009. MT5 will replace MT4 and the new code is completely written from scratch. The bad point is that MT5 will be not compatible with MT4. This means that every indicator and expert advisor needs to be rewritten to work with the Metatrader 5 platform.

Metatrader 5 features

High performance and outstanding working speed
3 chart-types, 21 timeframes and over 70 analytical tools
5 order types and 4 execution modes available for trading operations on different markets (forex, options, futures and stocks)
Advanced built-in reports on all trading activities
MQL5 development environment with new IntellySence system and more advanced strategy tester

To view the full article, please visit: http://www.metatraderglobal.com/176/metatrader-5-development-interview-with-stanislav-starikov/

Source: MetaTrader Global – www.MetaTraderGlobal.com

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