Getting Started With MetaTrader 4 Software - How to Learn MT4 Software - How to Guide for MetaTrader 4

The following tutorials explain how to use the MT4 software, each tutorial is accompanied by many images so as to help beginner traders to understand the concepts described and make it easier to learn about this online Forex platform.

Introduction

• Forex Software Introduction
• Installing MetaTrader 4 Online Forex Software

File

• Opening a Practice Account Procedure
• Open a Chart
• Opening Offline Chart
• Opening a Deleted Chart
• Saving a Profile
• Login to an Account
• Printing Forex Charts

View

• Changing Language
• Tool-Bars
• Connection Bars
• Charts Bar
• Market Watch
• Data Window
• Navigator
• MetaTrader 4 Terminal Window
• Forex Simulator Strategy Tester

Insert

• Indicators Insert Menu
• Insert Line Studies
• Placing Channels
• Gann Lines
• Placing Fib Lines
• Insert Shapes
• Placing Arrows
• Insert Andrew's Pitch-fork, Cycle Lines, Text Label

Charts

• Indicators List
• Objects List
• Bar Chart
• Line Chart
• Candles
• Time-Frames - Periodicity
• Saving a Template
• Grid, Volume, Auto Scroll & Shift
• Zoom in, Zoom Out and Step by Step
• Setting Properties

Tools

• Place New Order
• History Center on Tools Menu
• Options Settings
• Meta-Editor Custom Technical Indicators
• Meta-Editor EAs

Window Menu

• Charts Window Menu

Help Menu

• Help Menu

Tool-Bars

• Customizing Layout
• Charts Tool-Bars
• Standard Tool-Bar
• Line Studies Tool-Bar
• Periodicity Toolbar

Advanced Tutorials

• MQL5 Signals - Copy Top MetaTrader 4 Traders
• Advantages MQL5 Signals
• Signal Seller Advantages
• MQL5 Automated EAs

How to Place Indicators on Charts - How to Guide for MetaTrader 4

• Accelerator Oscillator
• Accumulation Distribution
• Alligator
• ADX
• Average True Range Indicator
• Awesome Oscillator
• Bears Power
• Bollinger Bands Indicator
• Bulls Power
• Commodity Channel Index
• Demarker
• Force Index
• Fractals
• Gator Oscillator
• Heiken Ashi
• Ichimoku Kinko Hyo Indicator
• MACD
• Market Facilitation Index
• Momentum
• Money Flow Index
• Moving Average Envelopes
• Moving Average Indicator
• Moving Average Oscillator
• On Balance Volume
• Parabolic SAR
• Relative Strength Index
• Relative Vigor Index
• Standard Deviation
• Stochastic Oscillator
• Volumes
• William Percentage Range
• Zigzag

The most popular search is how to save a work space in MT4, or how to save a system/template. Before beginning the guide, the screen shot below portrays how to save a template or a trading system & also how to save a workspace. The same button keys are also used to load the chart template on another separate chart. (click on these buttons to get options on your MT4 software)

How to Save a Work Space, How to Save a Template - Forex Software Tutorials

The MetaTrader 4 is part of the online forex market. The MT4 software is installed on a client's computer.

The screenshot below portrays the user inter-face of the MT4.

MT4 Forex platform Workspace

According to Forex softwares reviews, MT4 is the most widely used Forex trading platform. This is because it is easy to learn & can do the following tasks.

The MT4 Forex software is setup on a trader's Desktop computer PC and it is intended to accomplish the following:

• Plot graphical Data about exchange rates in the form of a grid/chart
• Receive streaming exchange quotes from the Forex brokers
• Perform trade operations: buying & selling of currencies
• Show the open transactions & orders within the platform workspace
• Perform technical analysis
• Testing of strategies on practice demo accounts
• Coding of custom indicators and EAs for the purpose of automated forex trading.
• Provide statements of transaction history and a summary of profits/losses.

The MT4 online software which is also referred to as MetaTrader 4, is designed to provide technical tools that can be used by Forex traders to make buy or sell decisions. This software provides online exchange quotes and streaming data about price movement plotted in the form of price charts. This information is delivered direct to the MetaTrader 4 software inter-face. This information that is delivered in form of real time quotes is then interpreted using technical tools that are provided within this online software.

This is a free Forex trading platform that is provided for by online Forex brokers. You can download the software from online brokers websites, once you download it, you should then setup & install the platform on a Desktop computer that has an internet connection and then connect to your broker & start receiving real-time quotes.

The MT4 has different window & chart panels, each designed to deliver a different type of market information, beginning with the exchange rate quotes used to plot currency graphs to the market data panel, toolbars for attaching technical indicators and the main menu bar used to navigate the platform.