MT4 Terminal Window

The MT4 Energies Trading Platform Terminal Window is mainly used for monitoring your energies trading account balance, account equity and transaction reports mainly. There are other operations that can be set up on this panel but most of these are not commonly used.

On the online energies trading platform MT4 the Terminal Window Panel is illustrated below:

Terminal Window - MT4 Online Energies Trading Platform

The Terminal Window has the Following Sub Menu or Tabs:

1. Trade
2. Energies Trading Account History
3. News
4. Alerts
5. Mailbox
6. Trading Signals
7. Code Base
8. Experts
9. Journal

Let us look at each on its own:

Trade Tab

If you open a Energies Trading on the MT4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Energies, open a sell energies trade order the following details will be recorded on this Trade Tab panel.

Trade Tab - Energies Trading Platform Trading Windows

From the above example: trade details are shown above under column details marked

Order, Time, Type, Size, Symbol, Energies Price, S/L,T/P, Commission, Swap, Profit

Order, - The trade number

Time, - The Time

Type, - The Type of order, Sell or Buy

Size, - Size of trade, 1 Standard Lot

Symbol, - MT4 Symbol

Open Energies Price - 1.35185

S/L, - Stop Loss Energies Trading Order

T/P, - Take Profit Energies Trading Order

Current Energies Price

Commission, - Commission (no commission charged by this energies trading expert broker)

Swap, - no swap charged as per now, the trade has not stayed overnight

Profit - $ 51 dollars

The most common operation after opening a trade is to place the StopLoss Energies Trading Order and Take Profit Energies Trading Order, These are abbreviated as S/L and T/P. There is likely no other operation to setup after this only to monitor the trades within the trading platform work-space after setting these two levels, the stop loss will close your order with a minimum loss & the take profit will close-out your trade at a reasonable profit.

To place this S/L and T/P, we shall Right Click anywhere within this Trade Tab, the part shaded grey, the following menu will pop up and appear, this is used to make changes to the current order that has been opened.

This will appear as:

Modify a Energies Trading Order on the MT4 Platform

Menu has The following Options:

1. New Order - Put a new transaction
2. Close - Can close this transaction at current energies price
3. Modify or Delete - Can Modify the S/L and T/P, (order cannot be deleted, delete is for pending energies orders that are not yet executed)
4. Trailing Stop - Set a trailing Stop Loss Energies Trading Order
5. Profit - View profit as either pips or in dollars; depending on which option you favor.
6. Commission, Taxes, Comments, are additional columns which you as a trader can chose to show or hide by ticking/unticking(Checking/Unchecking) them.
7. Auto Arrange - Arrange energies charts according to alphabet, time of open, most profitable according to sorting by choosing a column of arranging priority, for example "Time" column.
8. Grid - Show Grid or do Not Show Grid, by Checking/Unchecking this option.

To Set Take Profit Energies Trading Order and Stop Loss Energies Order, T/P & S/L we use third option, "Modify or Delete", after clicking this the following panel will pop up:

SL is set at 250 points - 25 pips

TP is set at 500 points - 50 pips

You can set this two points by selecting 250 & 500 on the part labeled points, the red part marked copy is for Stop Loss Energies Order and blue part marked copy as is for Take Profit Energies Order as illustrated and shown on the screenshot below.

After that press the wide red button key marked modify to modify.

Modify a Order on MetaTrader 4 Software

Order will then appear as below, note that the S/L & T/P columns for our trade have now been updated as shown and illustrated below.

Take Profit Energies Trading Order and Stop Loss Energies Trading Order Levels Shown on Meta Trader Platform

S/L and T/P Order Details Updated on the MetaTrader 4 Software Transaction Window

If you were to close the above transaction now, then the transactions will be updated as follows, to reflect that the transaction has been closed and the profit added to your account balance.

Energies Trading Account Balance Updated on the MT4 Platform

Energies Trading Account History

This is used to generate trade reports of trades that have been opened previously and have been closed. This is a record of all previous transactions.

Trade Reports Window on MT4 Software

On the above example, there are currently no trade records on this transaction history recorded. There needs to be a couple of closed transactions for this record to show some entries.

MT4 Energies Trading Transaction Recorded in MT4 Energies Trading Account History Transaction Tab

From the above example, once our open order was closed the trade transaction was then recorded as an entry within the "Account History" of the MT4 Energies Trading Platform

MT4 Energies Trading Account History Menu

Energy Trading Account History Menu

This menu is shown above and can be accessed by right clicking anywhere within the account history panel. The last Four (commissions, Taxes, comments, Auto Arrange and Grid are used more for formatting purposes but not for trading in general, therefore we shall not look on these as they are self-explaining)

The following 6 options are Shown Below:

All History, Last Three Months, Last Month or Custom Period - all these options can be used to select time period for which you want to generate history of transactions.

Save as Report, Save as Detailed Report - This will generate a report of all transactions along with profit and loss calculation, draw down calculation, profit factor calculation, expected pay-off factor of the system you use along with total number of profitable trade transactions, losing ones, average loss per trade and the average profit per trade as shown below.

Generating Trade Reports of Your Energies Account in MetaTrader 4 Trader Platform

Save as Report

Save as Detailed Report

Saving detailed Reports of Transactions History on Meta Trading 4 Energy Trading Platform

News Tab

This is the third option within the MT4 Terminal Window this panel is used to display a list of current news provided as a news feed by your energies trading broker. This is shown below:

Energies Trading News Stream on MT4 Software

Alerts Tab

This is used to set an alert for energies price when it reaches a pre determined level. For example you may be using a Bollinger bands, an indicator that forms an upper boundary and lower boundary and you want to set an alert for energies price when it gets to any one of these zones.

For example, in our above example we may want to put an alert for at 50 pips below the current energies price, we shall open the Alerts Tab, and right click to activate the menu below:

How to Set Energies Price Alerts in MT4 Software

On the above panel, choose, Create and create one as follows:

Setting Energies Price Alerts in MT4 Software

Put the sound as the alert action, set energies symbol, set the condition to set is when bid energies price is less than(Bid<) and put the value for example at 1.34730, select the source of the alert sound as above, (This is a sound file with extension Alert.wav), adjust timeout to 10 seconds and iterations at maximum of 50, then select OK to activate it.

Setting Energies Price Alerts on MT4 Software

The above alert is then set and an alert will sound off once this energies price goes below this level.

By right clicking on this, the Alert Menu will provide options for modifying it, deleting it or turning it off. You can download the MT4 & practice opening this option to see how you can put a new alert or delete the same or modify it.

Mailbox Tab

Mailbox is used to view messages that have been sent to you, to your Online energies trading platform as shown below:

Mail Box in MT4 Software

Energies Trading Signals Tab

Contains of a list of Energies Trading Signal Providers that traders can subscribe to through their MT4 Energies Trading Platform, this is shown and illustrated below, one can select any signal provider and click subscribe to get the trading signals.

MetaTrader 4 Signals Provided From MQL5 Energies Web Site Directly To The Trading Platform

To learn more about MT4 MQL5 Signals, navigate to the MQL5 Energies Trading Signals Page.

CodeBase Tab

CodeBase contains a list or a library of Expert Advisors that one can purchase from through their MT4 energies trading platform and then use this Expert Advisors which are automated programs used to trade energies. These EA Energies Bots are set up Expert Advisors on the traders MT4 platform. To use these Expert-Advisors (EAs) one has to activate automated trading option within their platform a topic explained in the next tutorial. The Code Base is shown Below:

MetaTrader 4 Energies Trading EAs Provided From the MQL5 Energies Web Site Directly To The Trading Platform

To learn more about MT4 MQL5 Energies Trading Expert Advisors, navigate to the MQL5 Energies Expert Advisors Page.

Experts Tab

Shows a list of all Expert Advisors that have been installed on the MT4 Platform, For Example the image below shows two EA Energies Bots are installed on this energies platform. This option also shows the trading specifications of each Expert Advisor, these include trading parameters such as Take Profit Energies Trading Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the energies trading platform.

Automated Energies Expert-Advisors Installed on MT4 Software

Journal Tab

Tracks login activities of MT4 & from which Desktop computer PC & IP address of the Desktop computer PC used to login to the trading software platform.

This is more on the technical stuff and traders do not use this one a lot and therefore we shall not explain it here but you can look at this at your own free time, on your MT4 Energies Trading Platform.