Options Settings on Tools Menu on MT4 Software

The options button key is used for a variety of many different tasks on the MT4. Option button key is listed within tools menu in the MetaTrader 4 as shown below. Short-cut keys for this - Ctrl+O.

MT4 Options Settings

These are shown below: the list of various buttons are displayed as tabs as displayed on the image below. As a trader to edit anything on this window just click on any of these button keys & then change the settings.

Server

The server settings for MT4 are shown below. One can edit from this tab, but most of the times it's not necessary as these options are automatically preset to the online brokers' server parameters by the online broker & there is no need to re-adjust them. However, just for guide purposes, the Server will show the server of your broker & if it's a Demo or a Real Server. The account sign in and password will also be displayed below and as a trader you can change the password from this window for demo cfd accounts, however be careful if you're changing passwords credentials make sure to remember them.

Other options are, enable proxy server, this is not required, Keep personal data at startup, this is checked by default, that way the software will automatically remember your log in and password so that you don't have to type & key them every time you sign in to your trading platform. Enable DDE server is not required, Enable news is checked & you as a trader can use receive real time news data to your MetaTrader 4 on the News options, located in Terminal window panel, (Short cut Ctrl+T).

Chart

following are marked on Charts Options

Show Trade Levels - These lines will show levels where orders were placed, it will also show levels where pending orders are placed. This will also show the Take Profit Order & Stop Loss Order areas. These trade levels lines appear as red broken lines marking these trade areas.

If there's no open trade, no level will be illustrated: if many trades have been placed, multiple lines will be highligthed for these levels.

Use Alt key to drag trade areas is not a very suitable option to use, because if you place many orders you might change the wrong order, therefore it is better to leave this as it is & not change it (Probability of this one losing you money is there so leave as it is)

Show OHCL - Show Opening, High, Closing & Low Prices for every candle

Show Ask Line - Show the Bid Price, (no need for this)

Show period separators - a separator will draw a line where the daily chart starts & ends, for example if you trade with 5 minutes, 15 min or 1 H Charts the period separator will draw a vertical line when the cfd market closes for each trading day. (4 H separator is Weekly, for Daily & Weekly separator is Monthly).

Color Print - To print in color and not black white which is set by default, use this option and then next time you print it'll be a colored print & not black & white.

Save deleted charts to reopen - Save all cfd charts that are deleted & these can be accessed later at any time within.

Max bars in History, Max bars in Chart - To save computer resources RAM, Processor Speed and Hard disk Space, these bars stored are limited to a specific number that's optimum, it is best to use the default number selected.

Objects

These are:

Show properties after creation - immediately display indicator/line tool settings after it is placed on chart to facilitate editing of their properties.

Choose Object after creation - an indicator/line tool can be selected by double-clicking on it once it is plotted, to facilitate editing of its properties.

Select object by single mouse click - select an indicator/line tool using single mouse click not by double click, double clicking will show properties window of indicator/line tool

Magnet Sensitivity - immediately draw a line tool to the nearest low or high that is within 10 pixels of the point selected. This allows for lines plotted to more or less be placed on the levels they're intended without doing much editing by aligning the lines to the nearest high or low of price.

Trade

These are the default used by the platform to determine what cfd instrument you buy & what amount you buy.

Symbol by Default - Automatically set to the open chart which you've open

Size by default - Automatically use the last lot size, or set every trade to be default 1 lot or 2 lots or 1 micro lot or 2 micro lots by select the default button and then selecting the number of lots from the drop don list next to this option.

Deviation - Set the allowed number of pips that can move away when executing an order for examples 2 pips, or zero pips if you want to specify to place trades at the exact level where you click.

One Click cfd trading - Place trades buy or sell with one click. (Do not use this option as it is prone to mistakes and no time to correct, this option can lose you money.)

Expert Advisors

Expert Advisors window panel is illustrated below:

following options are used:

Enable Expert Advisors - Allow for Trading EA to be placed on chart for automated execution purposes

Disable experts when accounts have been changed - login to a different account deactivates Automated EAs

Disable Experts when profile has been change - When you change profiles the CFD Trading EAs setting for allowing cfd trading in the new profile is deactivated until you allow and manually place an CFD Trading Automated EA on this newly opened trading chart.

Allow Live CFD Trading - Give Permission to EA to open trades on the live trading market.

(Ask Manual Confirmation - no needs for this if you are using Expert Advisors, leave this one as it's displayed without checking it.)

Allow DLL imports - Dynamic Link Libraries, which are external, unless this is required this should be left unticked. (External means that these libraries are referenced from a source external and outside your PC computer, so you should try to be careful with this one)

Confirm DLL functions calls - Exercise manual permission for each & every function call, either allow it or disallow it depending on your trade parameters.

Allow External Experts imports - This is used to allow your EA to reference some data from another EA that is in another place, away from your Desktop computer, (External means these Automated EA CFD Bots are referenced from an external source outside your Desktop computer, so be careful with this option)

Notifications

To receive notification on your phone from your MT4 platform, use the notifications option shown below. Not that you're required to have a registration sign up ID, from MetaQuotes to begin receiving the notifications that get sent to your phone through text messages.

Check the option, Enable Push Notifications, put your ID, press test and you should get a test notification text message. You require to first sign up for this ID, to do so, use the following window panel on your MT4 & follow the instruction you'll get from this Notification window panel.

Email Settings

Most traders might not need this, but if you are one of those who require, the settings can be placed below.

Lets use this company, that owns this website, www.tradegoldtrading.com, click & check the button labeled "Enable" the respective mail settings are shown below & the SMTP setting is "SMTP: Port 465", Choose and put these as displayed below. Click test and check your in-box to confirm you receive the message.

Events

Events on MT4 are notifications, either sound notification, an e-mail or SMS alert. The notifications can be set for different events such as timeout, connect, disconnect, news, Expert Advisor, EA confirmation, price level alert & re-quote alert.

Various types of alerts actions that can be set for any event can be chosen by double clicking on event action, pressing the drop-down arrow & then selecting the alert action that you want from the dropdown list illustrated & shown below.

MQL5 CFD Expert Advisor Robots Forum

The MQL5 forum is a community where traders can find others & Exchange Automated EAs & CFD Signals with each other. CFD traders have to register to this forum & can then access services from their platform directly. To get details on how to access & register in this forum, login to your MT4 software and navigate to the window panel shown below & follow the instructions.

MQL5 Trading Signals

The trading signal settings are provided by MQL5, MQL5 is the owner of MetaTrader Software. Signals service allows traders to adjust the following:

Signal - First Subscribe to a cfd signal

Agree to Terms - Agree to the terms of using the cfd trading signal service

Enable Real time cfd trading signal subscription - allow real time transmission of signals to your trading software.

Use Trusted Execution Token( TET ) - Trusted execution token means you do not have to open your MetaTrader 4 on your PC Desktop computer to have signals executed, Trusted Execution Token will allow signals to be executed even if your MetaTrader 4 isn't started on your computer Desktop PC.

Copy Stop Loss Order & TakeProfit Order Areas - Copy these levels from the cfd signal provider automatically.

Use no more than - Option for cfd money management, set an amount of 10% for aggressive traders and 5% for non aggressive traders, that way you limit your risk capital in your trading account.

Stop if equity is less than - Set a percentage to calculate this level for example if your equity is $10,000 then use 70%, that is $7,000 and set this amount: if the cfd signal makes a loss upto this point the cfd trading signal execution is stopped.

Deviation/Slippage - you can set a value like 2 so as to give some flexibility in case of slippage of a few pips here & there when executing trades with your broker, especially if your broker is one of those who re-quotes you. (Get an STP Broker with No-Requotes Policy to guarantee execution of your trades and avoid these slippages).