XAUUSD MT4 Transactions Tabs Panel

The MT4 Gold Platform Terminal Panel is mainly used for monitoring your gold trading 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 oftenly used.

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

Terminal Window - MT4 Online Gold Software

The Terminal Window has the Following Sub-Menu or Tabs:

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

Let us look at each on its own:

Trade Tab

If you open a Gold on the MetaTrader 4 platform, the transaction will then be recorded here on this Trade Tab. For Example if you sell The Gold, open a sell trade order the following details will be recorded on this Trade Tab panel.

Trade Tab - Gold Trading Platform Windows

From the above example: The trade details are illustrated above under column details marked

Order, Time, Type, Size, Quote, Gold 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

Quote, - MT4 Symbol

Open Price - 1.35185

S/L, - Stop Loss Gold Order

T/P, - Take Profit Order

Current Price

Commission, - Commission (no commission charged by this broker)

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

Profit - $ 51 dollars

Most common operation after opening a trade is to place the Stop Loss Gold Order and TP Gold Order, These are abbreviated as S/L & T/P. There is likely no other operation to setup after this only to monitor the trades within the trading platform workspace after setting these two levels, the stop loss will close your order with a minimum loss & the take profit will close your trade at a reasonable profit.

To place this S/L & T/P, we shall RightClick anywhere within this Trade Tab, the part shaded grey, the following menu will appear, this is used to make changes to the current order that's open.

This will popup as:

Modify a XAUUSD Order on the MetaTrader 4 Platform

Menu has The following Options:

1. New Order - Put a new transaction
2. Close - Can close this transaction at current xauusd trading price
3. Modify or Delete - Can Modify the S/L & T/P, (order can't be deleted, delete is for pending orders that are not yet executed)
4. Trailing Stop - Set a trailing Stop Loss Gold 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 charts according to alphabet, time of open, most profitable according to sorting by selecting a column of arranging priority, for examples "Time" column.
8. Grid - Show Grid or don't Show Grid, by Checking or Unchecking this option.

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

S/L is placed at 250 points - 25 pips

T/P is placed 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 Gold Order and blue part marked copy as is for Take-Profit Order as shown on the screenshot below.

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

Modify a Order in Meta Trader 4

The order will then appear as below, note that the S/L and T/P columns for our trade have now been updated as displayed below.

Take Profit Order and Stop-Loss Gold Order Zones Shown on Meta Trader Platform

S/L & T/P Order Details Updated on the MetaTrader 4 Platform Transaction Panel

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 & the profit added to your trading account balance.

Gold Account Balance Updated on Meta Trader 4 Trading Platform

Trading Account History

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

Trade Reports Panel in Meta Trader 4

On the above examples, 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.

MetaTrader 4 Gold Transaction Recorded on MT4 Gold Trading Account History Transaction Tab

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

MetaTrader 4 Gold Account History Menu

Trading Account History Menu

This menu is displayed above and can be accessed by right-clicking anywhere within the account history panel. 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)

following 6 options are Shown Below:

All History, Last 3 Months, Last Month or a Customized Period - all these options can be used to select the time period for which you as a trader want to generate the 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 payoff factor of the system you use along with total number of profitable trade transactions, losing ones, average loss per trade & the average profit per trade as shown below.

Generating Trade Reports of Your Trading Account in MT4 Trader Platform

Save as Report

Save as Detailed Report

Saving detailed Reports of Trading Transactions History on Meta Trading 4 Software

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 trading broker. This is pictured below:

XAUUSD News Stream on Meta Trader 4

Alerts Tab

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

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

How to Put Price Alerts in MetaTrader 4

On the above panel, select, Create & create one as follows:

Setting Price Alerts in MetaTrader 4 Platform

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

Setting Price Alerts in MetaTrader 4

The above alert is then set & an alert will sound off once this 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

Mail-box is used to view messages which have been sent to you, to your Online gold software as shown below:

Mail Box in Meta Trader 4

Gold Trade Signals Tab

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

MetaTrader 4 Signals Provided From MQL5 Gold Website Direct to the Software

To learn more about MT4 MQL5 Signals, navigate to the MQL5 Gold Trade Signals Page.

CodeBase Tab

CodeBase contains a list or a library of Expert Advisors that one can purchase from through their MetaTrader 4 platform and then use this Expert Advisors which are automated programs used to trade gold. These EA Gold Trading Bots are set up Expert Advisors on the traders MetaTrader 4 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 pictured Below:

MetaTrader 4 Gold Expert-Advisors Provided From MQL5 Gold Website Direct to the Software

To learn more about MT4 MQL5 Gold Trading Expert-Advisors, navigate to the MQL5 XAUUSD 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 highlights two Expert Advisor Robots are installed on this gold trading platform. This option also shows the trading specifications of each Expert Advisor, these include trading parameters such as Take Profit Orders, Lot Size, Trailing Stop Levels & all the other custom trading parameters of the Expert Advisor that has been installed on the trading platform.

Automated Gold Expert Advisors Installed in MetaTrader 4

Journal Tab

Tracks log in activities of the MetaTrader 4 & from which computer & the IP address of the PC computer used to log in to the trading platform.

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