Getting Started with MetaTrader 4 XAUUSD Trading Software
The following tutorials explain how to use the MetaTrader 4 software, each guide is accompanied by numerous screen-shots so as to help beginners to understand the concepts described & make it easier to learn about this online trading platform.
Introduction
File
- Opening a Practice Account Procedure
- Open a Gold Chart
- Opening Offline Chart
- Opening a Deleted Chart
- Saving a Profile
- Login to an Account
- Printing Gold Charts
View
- Changing Language
- Tool Bars
- Connection Bars
- Charts Bar
- Market Watch Window
- Data Window
- Navigator Window
- MT4 Terminal Window
- Trading Strategy Tester
Insert
- Indicators Insert Menu
- Insert Line Studies
- Placing Channels
- Gann Lines
- Placing Fibonacci Lines
- Insert Shapes
- Placing Arrows
- Insert Andrew's Pitchfork, Cycle Lines, Text Label
Charts
- Indicators List
- Objects List
- Bar Chart
- Line Chart
- Candlesticks
- Time frames - Periodicity
- Saving a Template
- Grid, Volumes, Auto Scroll and Shift
- Zoom in, Zoom Out & Gold Trading Step by Step
- Setting Properties
Tools
- Place New Order
- History Center on Tools Menu
- Options Settings
- MetaEditor Custom Indicators
- MetaEditor Expert Advisors
Window Menu
Help Menu
Toolbars
Advanced Topics
- MQL5 Signals - Copy Top MetaTrader 4 Traders
- Advantages MQL5 Signals
- Signal Seller Advantages
- MQL5 Gold Expert Advisors
How to Place Indicators
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- ADX
- Average True Range Indicator
- Awesome Oscillator
- Bears Power
- Bollinger Band Indicator
- Bulls Power
- Commodity Channel Index
- Demarker
- Force Index
- Fractals
- Gator Oscillator
- Heiken Ashi
- Ichimoku
- MACD
- Market Facilitation Index
- Momentum
- Money Flow Index
- Moving Average Envelopes
- Moving Average Indicator
- Moving Average Oscillator
- On Balance Volume
- Parabolic SAR
- RSI
- Relative Vigor Index
- Standard Deviation
- Stochastic Oscillator Indicator
- Volumes
- Williams Percentage Range
- Zigzag
The MT4 is part of the online xauusd market. The MT4 software is installed on a client's computer.
The screen shot below shows the user inter-face of the MetaTrader 4.
MetaTrader 4 platform Workspace
According to trading platforms reviews, MT4 is the most widely used gold platform. This is because it is easy to learn & can do the following tasks.
The MT4 software is installed on a gold trader's PC computer & it's intended to do the following:
- Plot graphical Data about exchange rates in form of a grid/trading chart
- Receive streaming exchange quotes from the gold brokers
- Perform gold trading transaction operations: buying and selling
- Show the open gold trading transactions & orders within the trading platform workspace
- Perform technical analysis
- Testing of strategies on practice practice trading accounts
- Coding of custom indicators & Expert Advisors for the purpose of automated gold trading.
- Provide statements of transaction history & a summary of profits/losses.
This is a free gold platform that is provided for by online gold brokers. You can download the platform from online brokers web sites, once you download it, you should then setup & setup the platform on a Desktop PC computer which has an inter net connectivity and then connect to your xauusd broker & begin receiving streaming quotes.
The MetaTrader 4 online trading platform which is also known as MT4, is designed to provide technical tools that can be used by Gold traders to make buy or sell decisions. This gold platform provides online quotes and streaming data about price movement drawn in the form of xauusd trading price charts. This information is delivered directly to the MT4 platform interface. This information that is delivered in the format of real time quotes is then interpreted using technical tools provided for within this online trading platform.
The MT4 has different window & chart panels, each designed to deliver a different type of market information, starting with the exchange rate quotes used to draw gold trading graphs to the xauusd market data window panel, toolbars for attaching technical indicators & the main menu bar used to navigate the platform.
