MetaTrader Australia » mt4 tips

MetaTrader Tips – Stop Orders

admin — Mon, 17 May 2010 02:09:51 +0000

How do stop orders work in MetaTrader?

Buy stop, Sell stop and Stop loss orders do NOT guarantee an order will be filled at a certain price. Your specified price is known as the stop price. Once the stop price is met or exceeded, the order becomes a market order. Market orders instruct the broker to fill the order at the next available market price.

The execution price of a buy stop, sell stop or stop loss can vary from the stop price. This occurs most commonly during significant market moves or gaps. Often these price gaps are the result of economic news releases such as the US non-farm payroll report, and may also occur over a weekend when trading is closed. Keep in mind that in a volatile market substantial losses may occur and orders may not be filled as placed.

Source: IBFX

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 – Trade Context is Busy Message

admin — Mon, 08 Feb 2010 06:45:45 +0000

You receive the “Trade context is busy” message when you try to process two or more orders at the same time. If you have placed a trade and do not wait until it processes completely and then try to place the same trade or a different trade, the commands go into a loop and you get “Trade context is busy”. The only solution is to close down the platform and restart it.

MetaTrader Tips – MetaTrader 4 Hot Keys

admin — Mon, 08 Feb 2010 06:43:10 +0000

Hot keys (accelerating keys) are keys and their combination’s that allow you to execute various commands fast and without the use of menus or toolbars. Here is a lit of some very useful hot keys for the MT4 platform:

Left Arrow — chart scrolling to the left;
Right Arrow — chart scrolling to the right;
Up Arrow — fast chart scrolling to the left or, if the scale is defined, chart scrolling up;
Down Arrow — fast chart scrolling to the right or, if the scale is defined, chart scrolling down;
Page Up — fast chart scrolling to the left;
Page Down — fast chart scrolling to the right;
Home — move the chart to the start point;
End — move the chart to the end point;
“-” — chart zoom out;
“+” — chart zoom in;
Delete — delete all selected graphical objects;
Backspace — delete the latest objects imposed into the chart window;
Esc — close the dialog window;
F8 — call the chart Properties window;
F9 — call the “New Order” window;
F11 — enlarge and minimize the chart window;
Ctrl+B — call the “Objects List” window;
Ctrl+F — enable “Crosshair”;
Ctrl+G — show/hide grid;
Ctrl+I — call the “Indicators List” window;
Ctrl+P — print the chart;
Ctrl+Y— show/hide period separators;
Ctrl+Z — undo an object deletion;

Source: www.alansforexblog.com

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 – Symbols Sets

admin — Tue, 10 Nov 2009 03:45:21 +0000

You can create several sets of symbols and switch between them.

This can be very useful if you work with different groups of symbols (currency pairs, futures, etc.). This allows you to hide all “excessive” symbols and save your favourite symbols.

Source: http://www.metatraderglobal.com/488/metatrader-tips-symbols-sets/

MetaTrader Tips – Save Bandwidth Disable News

admin — Tue, 10 Nov 2009 03:40:48 +0000

If news is disabled your internet traffic will be reduced.

To disable news simply open the “Tools -> Options” menu and un-tick the “Enable news” field in the “Server” tab.

Source: http://www.metatraderglobal.com/479/metatrader-tips-save-bandwidth-disable-news/

MetaTrader Tips – Save Bandwidth Unused Symbols

admin — Tue, 10 Nov 2009 03:35:50 +0000

Your internet traffic can be reduced if the unused symbols are hidden.

You are able to hide symbols several ways:

1. Right mouse click in the “Market Watch” window then select “Hide All”.

2. Select the symbol using the left mouse button then press Delete.

3. Right mouse click in the “Market Watch” window and select the “Symbols” command then hide/show symbols in the window that appears.

Note: The symbol cannot be hidden if:

There are open positions or pending orders for the symbol
The chart has been opened within the current session
The symbol is used to recalculate cross rates

Source: http://www.metatraderglobal.com/474/metatrader-tips-save-bandwidth-unused-symbols/